# EDGAR Filing Document

**Accession Number:** 0001104631
**File Stem:** 0001752724-23-012627
**Filing Date:** 2023-1
**Character Count:** 716988
**Document Hash:** 606b388be0671437711c04e7c238a362
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012627.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012627

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 3
- **CENTRAL INDEX KEY:** 0001104631
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09805
- **FILM NUMBER:** 23552058

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD ST.
- **STREET 2:** 17TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD ST.
- **STREET 2:** 17TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JENNISONDRYDEN OPPORTUNITY FUNDS
- **DATE OF NAME CHANGE:** 20080530

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS OPPORTUNITY FUNDS
- **DATE OF NAME CHANGE:** 20010906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS SERIES
- **DATE OF NAME CHANGE:** 20000131

## Series and Classes Contracts Data

### PGIM Strategic Bond Fund (Series ID: S000050053)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000158016 | Class A      | PUCAX           |
| C000158017 | Class C      | PUCCX           |
| C000158018 | Class Z      | PUCZX           |
| C000183669 | Class R6     | PUCQX           |

## Nport-Ex

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 111.4%** | **Long-Term Investments 111.4%** | **Long-Term Investments 111.4%** | **Long-Term Investments 111.4%** | **Long-Term Investments 111.4%** | **Long-Term Investments 111.4%** |
| **Asset-Backed Securities 16.2%** | **Asset-Backed Securities 16.2%** | **Asset-Backed Securities 16.2%** | **Asset-Backed Securities 16.2%** | **Asset-Backed Securities 16.2%** | **Asset-Backed Securities 16.2%** |
| **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** | **Automobiles 1.0%** |
| Avis Budget Rental Car Funding AESOP LLC,<br> Series 2019-02A, Class D, 144A | &nbsp;&nbsp;3.040% | &nbsp;&nbsp;09/22/25 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp; $4534078 |
| Exeter Automobile Receivables Trust,<br> Series 2022-01A, Class E, 144A | &nbsp;&nbsp;5.020 | &nbsp;&nbsp;10/15/29 |  | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1432320 |
| Hertz Vehicle Financing III LP,<br> Series 2021-02A, Class B, 144A | &nbsp;&nbsp;2.120 | &nbsp;&nbsp;12/27/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668696 |
| JPMorgan Chase Bank, NA, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-01, Class R, 144A | 33.784 | &nbsp;&nbsp;01/25/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843297 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-02, Class F, 144A | &nbsp;&nbsp;5.763 | &nbsp;&nbsp;02/25/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01, Class E, 144A | &nbsp;&nbsp;2.365 | &nbsp;&nbsp;09/25/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223085 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-02, Class F, 144A | &nbsp;&nbsp;4.393 | &nbsp;&nbsp;12/26/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553594 |
| Santander Bank, NA,<br> Series 2021-01A, Class D, 144A | &nbsp;&nbsp;5.004 | &nbsp;&nbsp;12/15/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550202 |
| Santander Consumer Auto Receivables Trust,<br> Series 2021-AA, Class E, 144A | &nbsp;&nbsp;3.280 | &nbsp;&nbsp;03/15/27 |  | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898404 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10379618 |
| **Collateralized Loan Obligations 12.6%** | **Collateralized Loan Obligations 12.6%** | **Collateralized Loan Obligations 12.6%** | **Collateralized Loan Obligations 12.6%** | **Collateralized Loan Obligations 12.6%** | **Collateralized Loan Obligations 12.6%** |
| Anchorage Capital CLO Ltd. (Cayman Islands),<br> Series 2021-21A, Class B, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | &nbsp;&nbsp;5.993(c) | &nbsp;&nbsp;10/20/34 |  | &nbsp;&nbsp;7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7206523 |
| Ares European CLO DAC (Ireland),<br> Series 2013-06A, Class B1RR, 144A, 3 Month EURIBOR + 1.250% (Cap N/A, Floor 1.250%) | &nbsp;&nbsp;2.628(c) | &nbsp;&nbsp;04/15/30 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;4450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4366276 |
| Armada Euro CLO DAC (Ireland),<br> Series 02A, Class A3, 144A | &nbsp;&nbsp;1.500 | &nbsp;&nbsp;11/15/31 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244437 |
| Bilbao CLO DAC (Ireland),<br> Series 4A, Class B, 144A, 3 Month EURIBOR + 2.200% (Cap N/A, Floor 2.200%) | &nbsp;&nbsp;3.578(c) | &nbsp;&nbsp;04/15/36 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5514289 |
| Carlyle Euro CLO DAC (Ireland), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-02A, Class AA2R, 144A, 3 Month EURIBOR + 1.300% (Cap N/A, Floor 1.300%) | &nbsp;&nbsp;3.098(c) | &nbsp;&nbsp;08/15/30 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4894879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01A, Class A2RA, 144A, 3 Month EURIBOR + 1.650% (Cap N/A, Floor 1.650%) | &nbsp;&nbsp;2.650(c) | &nbsp;&nbsp;03/15/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;8250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8061056 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-02A, Class A2B, 144A | &nbsp;&nbsp;2.100 | &nbsp;&nbsp;10/15/35 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;9100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7458492 |
| CVC Cordatus Loan Fund DAC (Ireland), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 03A, Class A2RR, 144A | &nbsp;&nbsp;1.750 | &nbsp;&nbsp;08/15/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 23A, Class B1, 144A, 3 Month EURIBOR + 2.300% (Cap N/A, Floor 2.300%) | &nbsp;&nbsp;3.843(c) | &nbsp;&nbsp;04/25/36 | &nbsp;&nbsp;EUR | 12750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12559989 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**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 2021-14A, Class B, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | 5.993 %(c) | &nbsp;&nbsp;10/20/34 |  | &nbsp;&nbsp;4500 | &nbsp;&nbsp; $4258794 |
| Fidelity Grand Harbour CLO DAC (Ireland),<br> Series 2021-01A, Class B1, 144A, 3 Month EURIBOR + 1.750% (Cap N/A, Floor 1.750%) | 3.128(c) | &nbsp;&nbsp;10/15/34 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8662754 |
| HPC Investment Partners CLO,<br> Series 2013-02RR, Class A2, 144A, 3 Month LIBOR + 1.625% (Cap N/A, Floor 0.000%) | 5.868(c) | &nbsp;&nbsp;10/20/29 |  | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723223 |
| Jefferson Mill CLO Ltd. (Cayman Islands),<br> Series 2015-01A, Class BR, 144A, 3 Month LIBOR + 1.950% (Cap N/A, Floor 0.000%) | 6.193(c) | &nbsp;&nbsp;10/20/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467438 |
| Madison Park Euro Funding DAC (Ireland),<br> Series 14A, Class B1R, 144A, 3 Month EURIBOR + 1.700% (Cap N/A, Floor 1.700%) | 3.078(c) | &nbsp;&nbsp;07/15/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;8050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7946898 |
| Madison Park Funding Ltd. (Cayman Islands),<br> Series 2021-59A, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 5.894(c) | &nbsp;&nbsp;01/18/34 |  | &nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4250471 |
| MidOcean Credit CLO (Cayman Islands),<br> Series 2018-08A, Class B, 144A, 3 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 6.325(c) | &nbsp;&nbsp;02/20/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239320 |
| Ocean Trails CLO (Cayman Islands),<br> Series 2020-09A, Class BR, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | 5.829(c) | &nbsp;&nbsp;10/15/34 |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9521621 |
| Park Avenue Institutional Advisers CLO Ltd. (Cayman Islands),<br> Series 2019-02A, Class A2R, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 5.779(c) | &nbsp;&nbsp;10/15/34 |  | 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14204191 |
| Rockford Tower CLO Ltd. (Cayman Islands),<br> Series 2021-03A, Class B, 144A, 3 Month LIBOR + 1.750% (Cap N/A, Floor 1.750%) | 5.993(c) | &nbsp;&nbsp;10/20/34 |  | &nbsp;&nbsp;8700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8251527 |
| St. Pauls CLO (Ireland),<br> Series 11A, Class C2R, 144A | 2.500 | &nbsp;&nbsp;01/17/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;8500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7163302 |
| St. Paul's CLO DAC (Ireland),<br> Series 4A, Class AR2B, 144A | 1.870 | &nbsp;&nbsp;04/25/30 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;9200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8345836 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**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.)** |
| Strata CLO Ltd. (Cayman Islands),<br> Series 2018-01A, Class A, 144A, 3 Month LIBOR + 1.590% (Cap N/A, Floor 1.590%) | 5.669 %(c) | &nbsp;&nbsp;01/15/31 |  | &nbsp;&nbsp;1750 | &nbsp;&nbsp; $1726172 |
| TCW CLO Ltd. (Cayman Islands),<br> Series 2017-01A, Class BRR, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 6.115(c) | &nbsp;&nbsp;10/29/34 |  | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5679440 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132237524 |
| **Consumer Loans 0.3%** | **Consumer Loans 0.3%** | **Consumer Loans 0.3%** | **Consumer Loans 0.3%** | **Consumer Loans 0.3%** | **Consumer Loans 0.3%** |
| Lendmark Funding Trust,<br> Series 2021-01A, Class D, 144A | 5.050 | &nbsp;&nbsp;11/20/31 |  | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450789 |
| Oportun Funding XIII LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class B, 144A | 3.870 | &nbsp;&nbsp;08/08/25 |  | &nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-A, Class D, 144A | 6.220 | &nbsp;&nbsp;08/08/25 |  | &nbsp;&nbsp;1022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954170 |
| Oportun Funding XIV LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class C, 144A | 3.440 | &nbsp;&nbsp;03/08/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-A, Class D, 144A | 5.400 | &nbsp;&nbsp;03/08/28 |  | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447903 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3054505 |
| **Other 1.4%** | **Other 1.4%** | **Other 1.4%** | **Other 1.4%** | **Other 1.4%** | **Other 1.4%** |
| PNMAC FMSR Issuer Trust,<br> Series 2018-FT01, Class A, 144A, 1 Month LIBOR + 2.350% (Cap N/A, Floor 0.000%) | 6.394(c) | &nbsp;&nbsp;04/25/23 |  | &nbsp;&nbsp;5130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4833985 |
| TH MSR Issuer Trust,<br> Series 2019-FT01, Class A, 144A, 1 Month LIBOR + 2.800% (Cap N/A, Floor 2.800%) | 6.844(c) | &nbsp;&nbsp;06/25/24 |  | 10600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9867797 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14701782 |
| **Residential Mortgage-Backed Securities 0.8%** | **Residential Mortgage-Backed Securities 0.8%** | **Residential Mortgage-Backed Securities 0.8%** | **Residential Mortgage-Backed Securities 0.8%** | **Residential Mortgage-Backed Securities 0.8%** | **Residential Mortgage-Backed Securities 0.8%** |
| 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 | &nbsp;&nbsp;3145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100019 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**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)** |
| **Residential Mortgage-Backed Securities (cont'd.)** | **Residential Mortgage-Backed Securities (cont'd.)** | **Residential Mortgage-Backed Securities (cont'd.)** | **Residential Mortgage-Backed Securities (cont'd.)** | **Residential Mortgage-Backed Securities (cont'd.)** | **Residential Mortgage-Backed Securities (cont'd.)** |
| Rathlin Residential DAC (Ireland),<br> Series 2021-01A, Class A, 144A, 1 Month EURIBOR + 2.000% | 3.038 %(c) | &nbsp;&nbsp;09/27/75 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;4972 | &nbsp;&nbsp; $4942635 |
| TFS (Spain),<br> Series 2018-03, Class A1, 1 Month EURIBOR + 3.000%^ | 4.362(c) | &nbsp;&nbsp;04/16/23 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352623 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8395277 |
| **Student Loans 0.1%** | **Student Loans 0.1%** | **Student Loans 0.1%** | **Student Loans 0.1%** | **Student Loans 0.1%** | **Student Loans 0.1%** |
| Laurel Road Prime Student Loan Trust,<br> Series 2019-A, Class R, 144A | 0.000 | &nbsp;&nbsp;10/25/48 |  | &nbsp;&nbsp;&nbsp;&nbsp;708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168252 |
| SoFi RR Funding II Trust,<br> Series 2019-01, Class A, 144A, 1 Month LIBOR + 2.250% (Cap N/A, Floor 1.250%) | 6.294(c) | &nbsp;&nbsp;11/29/24 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82148 |
| SoFi RR Funding III Trust,<br> Series 2020-01, Class A, 144A, 1 Month LIBOR + 2.250% (Cap N/A, Floor 1.250%) | 6.294(c) | &nbsp;&nbsp;11/29/24 |  | &nbsp;&nbsp;1116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1115833 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366233 |
| **Total Asset-Backed Securities<br> (cost $194,056,806)** | **Total Asset-Backed Securities<br> (cost $194,056,806)** | **Total Asset-Backed Securities<br> (cost $194,056,806)** | **Total Asset-Backed Securities<br> (cost $194,056,806)** | **Total Asset-Backed Securities<br> (cost $194,056,806)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170134939 |
| **Commercial Mortgage-Backed Securities 8.8%** | **Commercial Mortgage-Backed Securities 8.8%** | **Commercial Mortgage-Backed Securities 8.8%** | **Commercial Mortgage-Backed Securities 8.8%** | **Commercial Mortgage-Backed Securities 8.8%** | **Commercial Mortgage-Backed Securities 8.8%** |
| 20 Times Square Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class F, 144A (original cost $4,480,438; purchased 08/26/20)(f) | 3.203(cc) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4015340 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class G, 144A (original cost $4,424,349; purchased 05/09/18 - 08/26/20)(f) | 3.203(cc) | &nbsp;&nbsp;05/15/35 |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3947586 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-20TS, Class H, 144A (original cost $88,505; purchased 05/09/18)(f) | 3.203(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;73446 |
| Barclays Commercial Mortgage Securities Trust, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-ETC, Class E, 144A | 3.729(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;188004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-CHRS, Class D, 144A | 4.409(cc) | &nbsp;&nbsp;08/05/38 |  | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190306 |
| Barclays Commercial Mortgage Trust,<br> Series 2019-C04, Class XB, IO | 1.275(cc) | &nbsp;&nbsp;08/15/52 |  | 43170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2596451 |
| BX Commercial Mortgage Trust,<br> Series 2019-XL, Class J, 144A, 1 Month SOFR + 2.764% (Cap N/A, Floor 2.764%) | 6.559(c) | &nbsp;&nbsp;10/15/36 |  | &nbsp;&nbsp;6163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5814461 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| Cold Storage Trust,<br> Series 2020-ICE05, Class E, 144A, 1 Month LIBOR + 2.766% (Cap N/A, Floor 2.833%) | 6.641 %(c) | &nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;1769 | &nbsp;&nbsp; $1685026 |
| Credit Suisse Mortgage Capital Certificates, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-ICE04, Class E, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 2.150%) | 6.025(c) | &nbsp;&nbsp;05/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4851879 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-ICE04, Class F, 144A, 1 Month LIBOR + 2.650% (Cap N/A, Floor 2.650%) | 6.525(c) | &nbsp;&nbsp;05/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011561 |
| DBGS Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-BIOD, Class E, 144A, 1 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 5.555(c) | &nbsp;&nbsp;05/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-BIOD, Class F, 144A, 1 Month LIBOR + 2.000% (Cap N/A, Floor 2.000%) | 5.855(c) | &nbsp;&nbsp;05/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301461 |
| DBWF Mortgage Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-85T, Class D, 144A | 3.935(cc) | &nbsp;&nbsp;12/10/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208959 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-85T, Class E, 144A | 3.935(cc) | &nbsp;&nbsp;12/10/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200282 |
| FHLMC Multifamily Structured Pass-Through<br> Certificates, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K055, Class X1, IO | 1.481(cc) | &nbsp;&nbsp;03/25/26 | &nbsp;&nbsp;&nbsp;&nbsp;1072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38258 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K066, Class X1, IO | 0.888(cc) | &nbsp;&nbsp;06/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;7329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series K103, Class X1, IO | 0.758(cc) | &nbsp;&nbsp;11/25/29 | 149740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5375980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series KC02, Class X1, IO | 0.511(cc) | &nbsp;&nbsp;03/25/24 | &nbsp;&nbsp;75320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326641 |
| Greystone Commercial Capital Trust,<br> Series 2021-03, Class A, 144A, 1 Month LIBOR + 2.230% (Cap N/A, Floor 2.230%) | 6.134(c) | &nbsp;&nbsp;08/01/23 | &nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5414610 |
| GS Mortgage Securities Corp. Trust,<br> Series 2021-IP, Class F, 144A, 1 Month LIBOR + 4.550% (Cap N/A, Floor 4.550%) | 8.425(c) | &nbsp;&nbsp;10/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;3090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904857 |
| Independence Plaza Trust,<br> Series 2018-INDP, Class E, 144A | 4.996 | &nbsp;&nbsp;07/10/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153553 |
| JPMorgan Chase Commercial Mortgage Securities<br> Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-AON, Class D, 144A | 4.767(cc) | &nbsp;&nbsp;07/05/31 | &nbsp;&nbsp;&nbsp;&nbsp;8800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7621634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-AON, Class E, 144A | 4.767(cc) | &nbsp;&nbsp;07/05/31 | &nbsp;&nbsp;&nbsp;&nbsp;9825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8026010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-NYAH, Class H, 144A, 1 Month LIBOR + 3.390% (Cap N/A, Floor 3.390%) | 7.265(c) | &nbsp;&nbsp;06/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;5900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5418935 |
| MKT Mortgage Trust,<br> Series 2020-525M, Class F, 144A | 3.039(cc) | &nbsp;&nbsp;02/12/40 | &nbsp;&nbsp;&nbsp;&nbsp;7125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3910811 |
| Morgan Stanley Capital I Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-MEAD, Class E, 144A | 3.283(cc) | &nbsp;&nbsp;11/10/36 | &nbsp;&nbsp;20580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17061355 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-MEAD, Class XA, IO, 144A | 0.113(cc) | &nbsp;&nbsp;11/10/36 | 297065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251584 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** | **Commercial Mortgage-Backed Securities (Continued)** |
| Wells Fargo Commercial Mortgage Trust,<br> Series 2021-FCMT, Class E, 144A, 1 Month LIBOR + 4.500% (Cap N/A, Floor 4.500%) | 8.375 %(c) | &nbsp;&nbsp;05/15/31 | 11200 | &nbsp;&nbsp; $10165204 |
| **Total Commercial Mortgage-Backed Securities<br> (cost $106,157,103)** | **Total Commercial Mortgage-Backed Securities<br> (cost $106,157,103)** | **Total Commercial Mortgage-Backed Securities<br> (cost $106,157,103)** | **Total Commercial Mortgage-Backed Securities<br> (cost $106,157,103)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93042371 |
| **Corporate Bonds 50.1%** | **Corporate Bonds 50.1%** | **Corporate Bonds 50.1%** | **Corporate Bonds 50.1%** | **Corporate Bonds 50.1%** |
| **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** |
| CMG Media Corp.,<br> Gtd. Notes, 144A | 8.875 | &nbsp;&nbsp;12/15/27 | &nbsp;&nbsp;1608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1234794 |
| **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** |
| Boeing Co. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 2.700 | &nbsp;&nbsp;02/01/27 | &nbsp;&nbsp;1035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 3.825 | &nbsp;&nbsp;03/01/59 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981178 |
| Bombardier, Inc. (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 6.000 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2578647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 7.875 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;7475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7336339 |
| Embraer Netherlands Finance BV (Brazil),<br> Gtd. Notes, 144A(a) | 6.950 | &nbsp;&nbsp;01/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535039 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12367324 |
| **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** |
| Altria Group, Inc.,<br> Gtd. Notes(h) | 3.400 | &nbsp;&nbsp;05/06/30 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;948508 |
| Vector Group Ltd.,<br> Sr. Sec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;2325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020528 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2969036 |
| **Airlines 0.5%** | **Airlines 0.5%** | **Airlines 0.5%** | **Airlines 0.5%** | **Airlines 0.5%** |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.,<br> Sr. Sec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;04/20/29 | &nbsp;&nbsp;1925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1792271 |
| Delta Air Lines, Inc.,<br> Sr. Unsec'd. Notes(a) | 3.750 | &nbsp;&nbsp;10/28/29 | &nbsp;&nbsp;1720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1469551 |
| Southwest Airlines Co.,<br> Sr. Unsec'd. Notes | 5.125 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701027 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Airlines (cont'd.)** | **Airlines (cont'd.)** | **Airlines (cont'd.)** | **Airlines (cont'd.)** | **Airlines (cont'd.)** |
| United Airlines 2019-2 Class AA Pass-Through Trust,<br> Pass-Through Certificates(h) | 2.700% | &nbsp;&nbsp;11/01/33 | &nbsp;&nbsp;&nbsp;407 | &nbsp;&nbsp; $318381 |
| United Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;04/15/26 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;790656 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354132 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5426018 |
| **Auto Manufacturers 0.8%** | **Auto Manufacturers 0.8%** | **Auto Manufacturers 0.8%** | **Auto Manufacturers 0.8%** | **Auto Manufacturers 0.8%** |
| Ford Motor Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 3.250 | &nbsp;&nbsp;02/12/32 | &nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;693476 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.750 | &nbsp;&nbsp;01/15/43 | 3175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2355173 |
| Ford Motor Credit Co. LLC,<br> Sr. Unsec'd. Notes | 2.900 | &nbsp;&nbsp;02/16/28 | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462600 |
| General Motors Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.000 | &nbsp;&nbsp;04/01/35 | &nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859298 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.150 | &nbsp;&nbsp;04/01/38 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1105138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 6.250 | &nbsp;&nbsp;10/02/43 | &nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 6.800 | &nbsp;&nbsp;10/01/27 | 1810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1901196 |
| General Motors Financial Co., Inc.,<br> Sr. Unsec'd. Notes | 3.600 | &nbsp;&nbsp;06/21/30 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1171299 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8625343 |
| **Auto Parts & Equipment 0.6%** | **Auto Parts & Equipment 0.6%** | **Auto Parts & Equipment 0.6%** | **Auto Parts & Equipment 0.6%** | **Auto Parts & Equipment 0.6%** |
| Adient Global Holdings Ltd.,<br> Gtd. Notes, 144A | 4.875 | &nbsp;&nbsp;08/15/26 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791741 |
| American Axle & Manufacturing, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 6.250 | &nbsp;&nbsp;03/15/26 | &nbsp;&nbsp;&nbsp;546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 6.500 | &nbsp;&nbsp;04/01/27 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316943 |
| Cooper-Standard Automotive, Inc.,<br> Gtd. Notes, 144A(a) | 5.625 | &nbsp;&nbsp;11/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31548 |
| Dana Financing Luxembourg Sarl,<br> Gtd. Notes, 144A | 5.750 | &nbsp;&nbsp;04/15/25 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243987 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** | **Auto Parts & Equipment (cont'd.)** |
| Dana, Inc.,<br> Sr. Unsec'd. Notes(a) | 5.375% | &nbsp;&nbsp;11/15/27 | 3015 | &nbsp;&nbsp; $2775438 |
| Nemak SAB de CV (Mexico),<br> Sr. Unsec'd. Notes, 144A | 3.625 | &nbsp;&nbsp;06/28/31 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913176 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6593146 |
| **Banks 10.1%** | **Banks 10.1%** | **Banks 10.1%** | **Banks 10.1%** | **Banks 10.1%** |
| Banco de Credito del Peru S.A. (Peru),<br> Sub. Notes, 144A, MTN | 3.250(ff) | &nbsp;&nbsp;09/30/31 | 1915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1655039 |
| Banco Mercantil del Norte SA (Mexico),<br> Jr. Sub. Notes, 144A | 6.625(ff) | &nbsp;&nbsp;01/24/32(oo) | 2015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1610489 |
| Bangkok Bank PCL (Thailand),<br> Sub. Notes, 144A | 3.466(ff) | &nbsp;&nbsp;09/23/36 | 2115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1665436 |
| Bank of America Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series JJ | 5.125(ff) | &nbsp;&nbsp;06/20/24(oo) | 5800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5494326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series MM | 4.300(ff) | &nbsp;&nbsp;01/28/25(oo) | 3685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3187065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 2.592(ff) | &nbsp;&nbsp;04/29/31 | 2820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2330566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 2.884(ff) | &nbsp;&nbsp;10/22/30 | 2450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2086883 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 3.194(ff) | &nbsp;&nbsp;07/23/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 4.083(ff) | &nbsp;&nbsp;03/20/51 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615320 |
| Barclays PLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 2.645(ff) | &nbsp;&nbsp;06/24/31 | 2865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2230244 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 7.437(ff) | &nbsp;&nbsp;11/02/33 | 2645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2790774 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Notes | 4.836 | &nbsp;&nbsp;05/09/28 | 1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1161085 |
| BNP Paribas SA (France),<br> Sr. Unsec'd. Notes, 144A, MTN | 3.052(ff) | &nbsp;&nbsp;01/13/31 | 2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1668421 |
| Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series U | 5.000(ff) | &nbsp;&nbsp;09/12/24(oo) | &nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879272 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | 4.700(ff) | &nbsp;&nbsp;01/30/25(oo) | 7301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6138550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series W | 4.000(ff) | &nbsp;&nbsp;12/10/25(oo) | &nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 2.976(ff) | &nbsp;&nbsp;11/05/30 | 8950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7646167 |
| Credit Suisse Group AG (Switzerland),<br> Sr. Unsec'd. Notes, 144A | 6.537(ff) | &nbsp;&nbsp;08/12/33 | 2915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2520244 |
| Discover Bank,<br> Sr. Unsec'd. Notes(a) | 2.700 | &nbsp;&nbsp;02/06/30 | 3275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2624590 |
| Goldman Sachs Group, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series U | 3.650(ff) | &nbsp;&nbsp;08/10/26(oo) | 1415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1101658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 3.814(ff) | &nbsp;&nbsp;04/23/29 | &nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.223(ff) | &nbsp;&nbsp;05/01/29 | 1040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976262 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** | **Banks (cont'd.)** |
| Grupo Aval Ltd. (Colombia),<br> Gtd. Notes, 144A | 4.375% | &nbsp;&nbsp;02/04/30 | &nbsp;&nbsp;1015 | &nbsp;&nbsp; $787640 |
| Intesa Sanpaolo SpA (Italy),<br> Sub. Notes, 144A | 4.198(ff) | &nbsp;&nbsp;06/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510013 |
| JPMorgan Chase & Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series FF | 5.000(ff) | &nbsp;&nbsp;08/01/24(oo) | &nbsp;&nbsp;8150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7502006 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series HH | 4.600(ff) | &nbsp;&nbsp;02/01/25(oo) | &nbsp;&nbsp;2065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1829559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series KK | 3.650(ff) | &nbsp;&nbsp;06/01/26(oo) | 18000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15167646 |
| Mizrahi Tefahot Bank Ltd. (Israel),<br> Sub. Notes, 144A | 3.077(ff) | &nbsp;&nbsp;04/07/31 | &nbsp;&nbsp;2545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2220512 |
| Morgan Stanley, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, GMTN | 3.772(ff) | &nbsp;&nbsp;01/24/29 | &nbsp;&nbsp;3780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3488338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, GMTN | 4.431(ff) | &nbsp;&nbsp;01/23/30 | &nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5213092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN | 2.943(ff) | &nbsp;&nbsp;01/21/33 | &nbsp;&nbsp;6820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5589385 |
| Societe Generale SA (France),<br> Sub. Notes, 144A | 6.221(ff) | &nbsp;&nbsp;06/15/33 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2793118 |
| Texas Capital Bank NA,<br> Sr. Unsec'd. Notes, 144A, 3 Month LIBOR + 4.500% | 8.174(c) | &nbsp;&nbsp;09/30/24 | &nbsp;&nbsp;5340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5122125 |
| Truist Financial Corp.,<br> Jr. Sub. Notes, Series N | 4.800(ff) | &nbsp;&nbsp;09/01/24(oo) | &nbsp;&nbsp;&nbsp;&nbsp;710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643814 |
| U.S. Bancorp,<br> Jr. Sub. Notes | 3.700(ff) | &nbsp;&nbsp;01/15/27(oo) | &nbsp;&nbsp;3660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2924039 |
| VTB Bank OJSC Via VTB Capital SA (Russia),<br> Sub. Notes | 6.950 | &nbsp;&nbsp;10/17/23 | &nbsp;&nbsp;2240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107262 |
| Wells Fargo & Co.,<br> Sr. Unsec'd. Notes | 3.068(ff) | &nbsp;&nbsp;04/30/41 | &nbsp;&nbsp;3150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2335642 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106259192 |
| **Beverages 0.1%** | **Beverages 0.1%** | **Beverages 0.1%** | **Beverages 0.1%** | **Beverages 0.1%** |
| Anheuser-Busch InBev Worldwide, Inc. (Belgium),<br> Gtd. Notes(h) | 5.550 | &nbsp;&nbsp;01/23/49 | &nbsp;&nbsp;1320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1352958 |
| **Building Materials 0.8%** | **Building Materials 0.8%** | **Building Materials 0.8%** | **Building Materials 0.8%** | **Building Materials 0.8%** |
| Cemex SAB de CV (Mexico), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.200 | &nbsp;&nbsp;09/17/30 | &nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 5.450 | &nbsp;&nbsp;11/19/29 | &nbsp;&nbsp;1917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1763400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.450 | &nbsp;&nbsp;11/19/29 | &nbsp;&nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;547326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.375 | &nbsp;&nbsp;06/05/27 | &nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567140 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** |
| Cornerstone Building Brands, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;6.125% | &nbsp;&nbsp;01/15/29 | &nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp; $118242 |
| Griffon Corp.,<br> Gtd. Notes | &nbsp;&nbsp;5.750 | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618524 |
| Masonite International Corp.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;02/01/28 | &nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719475 |
| Owens Corning,<br> Sr. Unsec'd. Notes(h) | &nbsp;&nbsp;4.400 | &nbsp;&nbsp;01/30/48 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474232 |
| Smyrna Ready Mix Concrete LLC,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;11/01/28 | 2125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1891134 |
| Standard Industries, Inc.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;07/15/30 | 1850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1516611 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8739151 |
| **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** | **Chemicals 0.6%** |
| Braskem Netherlands Finance BV (Brazil),<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;01/10/28 | 1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1191672 |
| Chemours Co. (The),<br> Gtd. Notes | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;05/15/27 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022875 |
| Sasol Financing USA LLC (South Africa), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;09/18/26 | &nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;03/27/24 | 1450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435573 |
| TPC Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 10.500 | &nbsp;&nbsp;08/01/24(d) | 2125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1264345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 10.875 | &nbsp;&nbsp;08/01/24(d) | &nbsp;&nbsp;&nbsp;524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515793 |
| Valvoline, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;02/15/30 | &nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418298 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6510958 |
| **Commercial Services 1.5%** | **Commercial Services 1.5%** | **Commercial Services 1.5%** | **Commercial Services 1.5%** | **Commercial Services 1.5%** |
| Adtalem Global Education, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;&nbsp;978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913646 |
| Allied Universal Holdco LLC/Allied Universal Finance<br> Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;07/15/26 | 1626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;06/01/29 | 2825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2031791 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| Allied Universal Holdco LLC/Allied Universal Finance<br> Corp./Atlas Luxco 4 Sarl, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.625% | &nbsp;&nbsp;06/01/28 |  | &nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp; $571200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;06/01/28 |  | &nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352275 |
| DP World Ltd. (United Arab Emirates),<br> Sr. Unsec'd. Notes | 4.250 | &nbsp;&nbsp;09/25/30 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555281 |
| ERAC USA Finance LLC,<br> Gtd. Notes, 144A(h) | 4.200 | &nbsp;&nbsp;11/01/46 |  | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77145 |
| Gartner, Inc.,<br> Gtd. Notes, 144A | 4.500 | &nbsp;&nbsp;07/01/28 |  | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329362 |
| La Financiere Atalian SASU (France), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.000 | &nbsp;&nbsp;05/15/24 | &nbsp;&nbsp;EUR | 3307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2930099 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.125 | &nbsp;&nbsp;05/15/25 | &nbsp;&nbsp;EUR | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1573387 |
| Nexi SpA (Italy),<br> Sr. Unsec'd. Notes(a) | 2.125 | &nbsp;&nbsp;04/30/29 | &nbsp;&nbsp;EUR | 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3125789 |
| United Rentals North America, Inc.,<br> Gtd. Notes(a) | 3.750 | &nbsp;&nbsp;01/15/32 |  | 2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1691900 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15697101 |
| **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** | **Computers 0.3%** |
| CA Magnum Holdings (India),<br> Sr. Sec'd. Notes, 144A | 5.375 | &nbsp;&nbsp;10/31/26 |  | &nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470800 |
| Hurricane Finance PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | 8.000 | &nbsp;&nbsp;10/15/25 | &nbsp;&nbsp;GBP | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2828571 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3299371 |
| **Distribution/Wholesale 0.3%** | **Distribution/Wholesale 0.3%** | **Distribution/Wholesale 0.3%** | **Distribution/Wholesale 0.3%** | **Distribution/Wholesale 0.3%** | **Distribution/Wholesale 0.3%** |
| H&E Equipment Services, Inc.,<br> Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;12/15/28 |  | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3026448 |
| **Diversified Financial Services 2.3%** | **Diversified Financial Services 2.3%** | **Diversified Financial Services 2.3%** | **Diversified Financial Services 2.3%** | **Diversified Financial Services 2.3%** | **Diversified Financial Services 2.3%** |
| Blackstone Private Credit Fund,<br> Sr. Sec'd. Notes^ | 5.610 | &nbsp;&nbsp;05/03/27 |  | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113543 |
| Greystone Commercial Capital Trust,<br> Sr. Unsec'd. Notes, Series A, 144A, 1 Month LIBOR + 2.270%^ | 6.157(c) | &nbsp;&nbsp;05/31/25 |  | 6300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6048000 |
| Jefferies Financial Group, Inc.,<br> Sr. Unsec'd. Notes(h) | 4.150 | &nbsp;&nbsp;01/23/30 |  | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311868 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** |
| Nationstar Mortgage Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 5.500% | &nbsp;&nbsp;08/15/28 |  | 1740 | &nbsp;&nbsp; $1474315 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.000 | &nbsp;&nbsp;01/15/27 |  | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727355 |
| OneMain Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 3.875 | &nbsp;&nbsp;09/15/28 |  | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1429243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.000 | &nbsp;&nbsp;09/15/30 |  | &nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 5.375 | &nbsp;&nbsp;11/15/29 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167104 |
| PennyMac Financial Services, Inc.,<br> Gtd. Notes, 144A | 4.250 | &nbsp;&nbsp;02/15/29 |  | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1410782 |
| Power Finance Corp. Ltd. (India),<br> Sr. Unsec'd. Notes, EMTN | 5.250 | &nbsp;&nbsp;08/10/28 |  | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;777900 |
| Sherwood Financing PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | 6.000 | &nbsp;&nbsp;11/15/26 | &nbsp;&nbsp;GBP | 4225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3855074 |
| Stifel Financial Corp.,<br> Sr. Unsec'd. Notes | 4.000 | &nbsp;&nbsp;05/15/30 |  | 6525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5725090 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23720027 |
| **Electric 4.4%** | **Electric 4.4%** | **Electric 4.4%** | **Electric 4.4%** | **Electric 4.4%** | **Electric 4.4%** |
| AES Panama Generation Holdings SRL (Panama),<br> Sr. Sec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;05/31/30 |  | 3701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3096812 |
| Calpine Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.500 | &nbsp;&nbsp;02/15/28 |  | &nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;681578 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.625 | &nbsp;&nbsp;02/01/29 |  | 2775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2402119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.000 | &nbsp;&nbsp;02/01/31 |  | 1175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;03/15/28 |  | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3602105 |
| Cleco Corporate Holdings LLC,<br> Sr. Unsec'd. Notes | 3.375 | &nbsp;&nbsp;09/15/29 |  | &nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250128 |
| CMS Energy Corp.,<br> Jr. Sub. Notes | 4.750(ff) | &nbsp;&nbsp;06/01/50 |  | 1550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1302938 |
| Dominion Energy, Inc.,<br> Jr. Sub. Notes, Series B | 4.650(ff) | &nbsp;&nbsp;12/15/24(oo) |  | 2625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2261254 |
| Electricidad Firme de Mexico Holdings SA de CV (Mexico),<br> Sr. Sec'd. Notes, 144A(a) | 4.900 | &nbsp;&nbsp;11/20/26 |  | 1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982202 |
| Eskom Holdings SOC Ltd. (South Africa), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.125 | &nbsp;&nbsp;02/11/25 |  | 2075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1941422 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN | 6.750 | &nbsp;&nbsp;08/06/23 |  | 2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1998750 |
| FEL Energy VI Sarl (Mexico),<br> Sr. Sec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;12/01/40 |  | 2350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1915259 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** |
| Kallpa Generacion SA (Peru),<br> Gtd. Notes, 144A | 4.125% | &nbsp;&nbsp;08/16/27 |  | 1310 | &nbsp;&nbsp; $1192346 |
| Light Servicos de Eletricidade SA/Light Energia SA (Brazil),<br> Gtd. Notes, 144A | 4.375 | &nbsp;&nbsp;06/18/26 |  | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1633000 |
| Mong Duong Finance Holdings BV (Vietnam),<br> Sr. Sec'd. Notes | 5.125 | &nbsp;&nbsp;05/07/29 |  | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1083750 |
| NRG Energy, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.750 | &nbsp;&nbsp;01/15/28 |  | &nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.375 | &nbsp;&nbsp;02/15/29 |  | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 3.625 | &nbsp;&nbsp;02/15/31 |  | 3525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2838495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;02/15/32 |  | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.250 | &nbsp;&nbsp;06/15/29 |  | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1843892 |
| Pacific Gas & Electric Co.,<br> First Mortgage | 4.550 | &nbsp;&nbsp;07/01/30 |  | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1602980 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara (Indonesia),<br> Sr. Unsec'd. Notes, 144A | 1.875 | &nbsp;&nbsp;11/05/31 | &nbsp;&nbsp;EUR | 1106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824191 |
| PG&E Corp.,<br> Sr. Sec'd. Notes(a) | 5.250 | &nbsp;&nbsp;07/01/30 |  | 1446 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1308062 |
| Puget Energy, Inc.,<br> Sr. Sec'd. Notes | 4.100 | &nbsp;&nbsp;06/15/30 |  | 4130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3728553 |
| Vistra Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 7.000(ff) | &nbsp;&nbsp;12/15/26(oo) |  | &nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785737 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 8.000(ff) | &nbsp;&nbsp;10/15/26(oo) |  | 3125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2988453 |
| Vistra Operations Co. LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.375 | &nbsp;&nbsp;05/01/29 |  | &nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;07/31/27 |  | &nbsp;&nbsp;&nbsp;405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;379307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 3.550 | &nbsp;&nbsp;07/15/24 |  | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719459 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 3.700 | &nbsp;&nbsp;01/30/27 |  | 3105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2828922 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46400838 |
| **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** |
| WESCO Distribution, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.125 | &nbsp;&nbsp;06/15/25 |  | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 7.250 | &nbsp;&nbsp;06/15/28 |  | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216307 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1773200 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Electronics 0.0%** | **Electronics 0.0%** | **Electronics 0.0%** | **Electronics 0.0%** | **Electronics 0.0%** | **Electronics 0.0%** |
| Sensata Technologies, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;3.750% | &nbsp;&nbsp;02/15/31 |  | &nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp; $552953 |
| **Energy-Alternate Sources 0.2%** | **Energy-Alternate Sources 0.2%** | **Energy-Alternate Sources 0.2%** | **Energy-Alternate Sources 0.2%** | **Energy-Alternate Sources 0.2%** | **Energy-Alternate Sources 0.2%** |
| Aydem Yenilenebilir Enerji A/S (Turkey),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;02/02/27 |  | 2595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022478 |
| **Engineering & Construction 0.4%** | **Engineering & Construction 0.4%** | **Engineering & Construction 0.4%** | **Engineering & Construction 0.4%** | **Engineering & Construction 0.4%** | **Engineering & Construction 0.4%** |
| AECOM,<br> Gtd. Notes | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;03/15/27 |  | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729566 |
| Mexico City Airport Trust (Mexico), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;3.875 | &nbsp;&nbsp;04/30/28 |  | 2330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;07/31/47 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735000 |
| TopBuild Corp.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;02/15/32 |  | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845011 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4379345 |
| **Entertainment 1.8%** | **Entertainment 1.8%** | **Entertainment 1.8%** | **Entertainment 1.8%** | **Entertainment 1.8%** | **Entertainment 1.8%** |
| 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;902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337043 |
| Caesars Entertainment, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;07/01/25 |  | 1470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1450421 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;10/15/29 |  | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883412 |
| CCM Merger, Inc.,<br> Sr. Unsec'd. Notes, 144A(a) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;05/01/26 |  | 2175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2019432 |
| Codere Finance 2 Luxembourg SA (Spain), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, PIK (original cost $66,074; purchased 04/03/19 - 10/31/22)(f) | 12.750 | &nbsp;&nbsp;11/30/27(d) | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, PIK (original cost $170,136; purchased 07/24/20 - 09/30/22)(f) | 11.000 | &nbsp;&nbsp;09/30/26(d) | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140916 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A, PIK (original cost $271,187; purchased 08/06/19 - 10/31/22)(a)(f) | 13.625 | &nbsp;&nbsp;11/30/27(d) |  | &nbsp;&nbsp;&nbsp;271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157289 |
| Codere New Holdco SA (Luxembourg),<br> Sr. Sec'd. Notes, 144A, Cash coupon N/A or PIK 7.500% (original cost $465,869; purchased 11/19/21 - 10/31/22)(f) | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;11/30/27(d) | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172953 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** |
| Golden Entertainment, Inc.,<br> Sr. Unsec'd. Notes, 144A(a) | 7.625% | &nbsp;&nbsp;04/15/26 |  | 2800 | &nbsp;&nbsp; $2769876 |
| International Game Technology PLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.250 | &nbsp;&nbsp;01/15/27 |  | &nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.500 | &nbsp;&nbsp;02/15/25 |  | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1152918 |
| Motion Bondco DAC (United Kingdom),<br> Gtd. Notes, 144A | 6.625 | &nbsp;&nbsp;11/15/27 |  | &nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662625 |
| Penn Entertainment, Inc.,<br> Sr. Unsec'd. Notes, 144A | 5.625 | &nbsp;&nbsp;01/15/27 |  | 3125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2901601 |
| Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.,<br> Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;09/01/31 |  | 1525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1161444 |
| Scientific Games International, Inc.,<br> Gtd. Notes, 144A | 8.625 | &nbsp;&nbsp;07/01/25 |  | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1185971 |
| Warnermedia Holdings, Inc.,<br> Gtd. Notes, 144A(a) | 5.141 | &nbsp;&nbsp;03/15/52 |  | &nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;627327 |
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.,<br> Sr. Unsec'd. Notes, 144A(a) | 7.750 | &nbsp;&nbsp;04/15/25 |  | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3003389 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18985676 |
| **Foods 1.8%** | **Foods 1.8%** | **Foods 1.8%** | **Foods 1.8%** | **Foods 1.8%** | **Foods 1.8%** |
| Albertson's Cos., Inc./Safeway, Inc./New Albertson's<br> LP/Albertson's LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.500 | &nbsp;&nbsp;03/15/29 |  | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208413 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;02/15/28 |  | 1775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1698760 |
| Bellis Acquisition Co. PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | 3.250 | &nbsp;&nbsp;02/16/26 | &nbsp;&nbsp;GBP | 3247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3174553 |
| Bellis Finco PLC (United Kingdom),<br> Sr. Unsec'd. Notes, 144A | 4.000 | &nbsp;&nbsp;02/16/27 | &nbsp;&nbsp;GBP | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2975374 |
| C&S Group Enterprises LLC,<br> Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;12/15/28 |  | 1344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000317 |
| JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc.,<br> Sr. Unsec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;01/15/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23976 |
| Kraft Heinz Foods Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.375 | &nbsp;&nbsp;06/01/46 |  | &nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408580 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.625 | &nbsp;&nbsp;10/01/39 |  | &nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.000 | &nbsp;&nbsp;06/04/42 |  | &nbsp;&nbsp;&nbsp;595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558873 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** | **Foods (cont'd.)** |
| Kraft Heinz Foods Co., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.200% | &nbsp;&nbsp;07/15/45 |  | &nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp; $807506 |
| Lamb Weston Holdings, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.125 | &nbsp;&nbsp;01/31/30 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.375 | &nbsp;&nbsp;01/31/32 |  | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;663933 |
| Market Bidco Finco PLC (United Kingdom),<br> Sr. Sec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;11/04/27 | &nbsp;&nbsp;GBP | 3064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2805375 |
| Pilgrim's Pride Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.250 | &nbsp;&nbsp;04/15/31 |  | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1738074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 5.875 | &nbsp;&nbsp;09/30/27 |  | 1251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1235840 |
| Post Holdings, Inc.,<br> Sr. Unsec'd. Notes, 144A | 4.500 | &nbsp;&nbsp;09/15/31 |  | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232309 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18503878 |
| **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** |
| Suzano Austria GmbH (Brazil),<br> Gtd. Notes | 6.000 | &nbsp;&nbsp;01/15/29 |  | &nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622330 |
| **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** |
| AmeriGas Partners LP/AmeriGas Finance Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.750 | &nbsp;&nbsp;05/20/27 |  | &nbsp;&nbsp;&nbsp;925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.875 | &nbsp;&nbsp;08/20/26 |  | &nbsp;&nbsp;&nbsp;496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475389 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1357755 |
| **Healthcare-Products 0.2%** | **Healthcare-Products 0.2%** | **Healthcare-Products 0.2%** | **Healthcare-Products 0.2%** | **Healthcare-Products 0.2%** | **Healthcare-Products 0.2%** |
| DH Europe Finance II Sarl,<br> Gtd. Notes | 1.350 | &nbsp;&nbsp;09/18/39 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592920 |
| Medline Borrower LP, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 3.875 | &nbsp;&nbsp;04/01/29 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429794 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.250 | &nbsp;&nbsp;10/01/29 |  | &nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264939 |
| Thermo Fisher Scientific, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, EMTN | 1.500 | &nbsp;&nbsp;10/01/39 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302451 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, EMTN | 1.875 | &nbsp;&nbsp;10/01/49 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203890 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1793994 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Healthcare-Services 1.0%** | **Healthcare-Services 1.0%** | **Healthcare-Services 1.0%** | **Healthcare-Services 1.0%** | **Healthcare-Services 1.0%** |
| DaVita, Inc.,<br> Gtd. Notes, 144A(a) | 4.625% | &nbsp;&nbsp;06/01/30 | 1475 | &nbsp;&nbsp; $1193788 |
| HCA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.375 | &nbsp;&nbsp;02/01/25 | &nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174751 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.875 | &nbsp;&nbsp;02/15/26 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201677 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 7.500 | &nbsp;&nbsp;11/06/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2124617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, MTN | 7.750 | &nbsp;&nbsp;07/15/36 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1626697 |
| Legacy LifePoint Health LLC,<br> Sr. Sec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;02/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41886 |
| Prime Healthcare Services, Inc.,<br> Sr. Sec'd. Notes, 144A | 7.250 | &nbsp;&nbsp;11/01/25 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;983710 |
| RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.,<br> Gtd. Notes, 144A(a) | 9.750 | &nbsp;&nbsp;12/01/26 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1393226 |
| Tenet Healthcare Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.125 | &nbsp;&nbsp;10/01/28 | 2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1940588 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;11/01/27 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1077508 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10758448 |
| **Home Builders 1.6%** | **Home Builders 1.6%** | **Home Builders 1.6%** | **Home Builders 1.6%** | **Home Builders 1.6%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531120 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;04/01/30 | &nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635404 |
| Beazer Homes USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.875 | &nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 6.750 | &nbsp;&nbsp;03/15/25 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 7.250 | &nbsp;&nbsp;10/15/29 | 3233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2855275 |
| Brookfield Residential Properties, Inc./Brookfield<br> Residential US LLC (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.875 | &nbsp;&nbsp;02/15/30 | 1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.250 | &nbsp;&nbsp;09/15/27 | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242688 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.000 | &nbsp;&nbsp;06/15/29 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957000 |
| Century Communities, Inc.,<br> Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;08/15/29 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645556 |
| KB Home, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.000 | &nbsp;&nbsp;06/15/31 | &nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490704 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 6.875 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938212 |
| Mattamy Group Corp. (Canada),<br> Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;03/01/30 | 3575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2944906 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Home Builders (cont'd.)** | **Home Builders (cont'd.)** | **Home Builders (cont'd.)** | **Home Builders (cont'd.)** | **Home Builders (cont'd.)** | **Home Builders (cont'd.)** |
| Shea Homes LP/Shea Homes Funding Corp.,<br> Sr. Unsec'd. Notes | 4.750% | &nbsp;&nbsp;02/15/28 |  | 1925 | &nbsp;&nbsp; $1662115 |
| Taylor Morrison Communities, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;06/15/27 |  | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;08/01/30 |  | 2680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2338592 |
| Taylor Morrison Communities, Inc./Taylor Morrison Holdings II, Inc.,<br> Gtd. Notes, 144A | 5.625 | &nbsp;&nbsp;03/01/24 |  | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345625 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16605159 |
| **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** | **Household Products/Wares 0.2%** |
| ACCO Brands Corp.,<br> Gtd. Notes, 144A(a) | 4.250 | &nbsp;&nbsp;03/15/29 |  | 2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2237569 |
| **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** |
| Saga PLC (United Kingdom),<br> Gtd. Notes | 5.500 | &nbsp;&nbsp;07/15/26 | &nbsp;&nbsp;GBP | 3650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3167397 |
| Teachers Insurance & Annuity Association of America,<br> Sub. Notes, 144A(h) | 4.900 | &nbsp;&nbsp;09/15/44 |  | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69537 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3236934 |
| **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** |
| Prosus NV (China),<br> Sr. Unsec'd. Notes, 144A | 4.193 | &nbsp;&nbsp;01/19/32 |  | 2835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2239650 |
| United Group BV (Netherlands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes(a) | 3.125 | &nbsp;&nbsp;02/15/26 | &nbsp;&nbsp;EUR | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1723557 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 4.875 | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;EUR | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1112402 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5075609 |
| **Lodging 0.8%** | **Lodging 0.8%** | **Lodging 0.8%** | **Lodging 0.8%** | **Lodging 0.8%** | **Lodging 0.8%** |
| Gohl Capital Ltd. (Malaysia),<br> Gtd. Notes | 4.250 | &nbsp;&nbsp;01/24/27 |  | 1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1654950 |
| Las Vegas Sands Corp.,<br> Sr. Unsec'd. Notes | 3.900 | &nbsp;&nbsp;08/08/29 |  | &nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219176 |
| Marriott International, Inc.,<br> Sr. Unsec'd. Notes, Series FF | 4.625 | &nbsp;&nbsp;06/15/30 |  | &nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863663 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Lodging (cont'd.)** | **Lodging (cont'd.)** | **Lodging (cont'd.)** | **Lodging (cont'd.)** | **Lodging (cont'd.)** |
| MGM China Holdings Ltd. (Macau),<br> Sr. Unsec'd. Notes, 144A(a) | 4.750% | &nbsp;&nbsp;02/01/27 | 2160 | &nbsp;&nbsp; $1890648 |
| MGM Resorts International, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 4.750 | &nbsp;&nbsp;10/15/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1334861 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes(a) | 5.500 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235977 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.750 | &nbsp;&nbsp;06/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 6.750 | &nbsp;&nbsp;05/01/25 | &nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448732 |
| Sands China Ltd. (Macau),<br> Sr. Unsec'd. Notes | 5.625 | &nbsp;&nbsp;08/08/25 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191000 |
| Wynn Macau Ltd. (Macau),<br> Sr. Unsec'd. Notes, 144A(a) | 5.500 | &nbsp;&nbsp;01/15/26 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1440000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8327895 |
| **Media 2.3%** | **Media 2.3%** | **Media 2.3%** | **Media 2.3%** | **Media 2.3%** |
| CCO Holdings LLC/CCO Holdings Capital Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 4.500 | &nbsp;&nbsp;05/01/32 | 3225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2662925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.250 | &nbsp;&nbsp;02/01/31 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1061571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.250 | &nbsp;&nbsp;01/15/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778653 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 5.375 | &nbsp;&nbsp;06/01/29 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1224874 |
| Charter Communications Operating LLC/Charter<br> Communications Operating Capital, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 5.375 | &nbsp;&nbsp;04/01/38 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 5.375 | &nbsp;&nbsp;05/01/47 | &nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169267 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 5.750 | &nbsp;&nbsp;04/01/48 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;428734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 6.384 | &nbsp;&nbsp;10/23/35 | 1515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1488517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 6.484 | &nbsp;&nbsp;10/23/45 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47085 |
| CSC Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 3.375 | &nbsp;&nbsp;02/15/31 | 1480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066980 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A(a) | 4.625 | &nbsp;&nbsp;12/01/30 | 1475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933396 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;01/15/30 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2724499 |
| Diamond Sports Group LLC/Diamond Sports Finance<br> Co., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A (original cost $4,702,938; purchased 07/18/19 - 09/16/20)(f) | 6.625 | &nbsp;&nbsp;08/15/27 | 5940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210662 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sec'd. Notes, 144A (original cost $997,283; purchased 02/19/20)(f) | 5.375 | &nbsp;&nbsp;08/15/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155630 |
| Discovery Communications LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.200 | &nbsp;&nbsp;09/20/47 | &nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501566 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 5.300 | &nbsp;&nbsp;05/15/49 | 2220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1744521 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** |
| DISH DBS Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.375% | &nbsp;&nbsp;07/01/28 |  | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp; $368748 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;7.750 | &nbsp;&nbsp;07/01/26 |  | 4570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3817109 |
| Univision Communications, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;6.625 | &nbsp;&nbsp;06/01/27 |  | 1875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1838189 |
| Virgin Media Secured Finance PLC (United<br> Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;01/15/30 | &nbsp;&nbsp;GBP | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1923412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525426 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23757514 |
| **Mining 1.5%** | **Mining 1.5%** | **Mining 1.5%** | **Mining 1.5%** | **Mining 1.5%** | **Mining 1.5%** |
| AngloGold Ashanti Holdings PLC (South Africa),<br> Gtd. Notes | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;11/01/28 |  | 1405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216467 |
| First Quantum Minerals Ltd. (Zambia),<br> Gtd. Notes, 144A | &nbsp;&nbsp;7.500 | &nbsp;&nbsp;04/01/25 |  | 4600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4533300 |
| Freeport Indonesia PT (Indonesia),<br> Sr. Unsec'd. Notes, 144A, MTN | &nbsp;&nbsp;5.315 | &nbsp;&nbsp;04/14/32 |  | &nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752350 |
| Indonesia Asahan Aluminium Persero PT (Indonesia),<br> Sr. Unsec'd. Notes | &nbsp;&nbsp;6.530 | &nbsp;&nbsp;11/15/28 |  | 1710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1711924 |
| Novelis Corp.,<br> Gtd. Notes, 144A(a) | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;11/15/26 |  | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1347265 |
| Teck Resources Ltd. (Canada),<br> Sr. Unsec'd. Notes | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;08/15/40 |  | &nbsp;&nbsp;&nbsp;722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682740 |
| Vedanta Resources Finance II PLC (India),<br> Gtd. Notes(a) | 13.875 | &nbsp;&nbsp;01/21/24 |  | 2430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071271 |
| Yamana Gold, Inc. (Canada),<br> Gtd. Notes | &nbsp;&nbsp;2.630 | &nbsp;&nbsp;08/15/31 |  | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3785387 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16100704 |
| **Oil & Gas 4.3%** | **Oil & Gas 4.3%** | **Oil & Gas 4.3%** | **Oil & Gas 4.3%** | **Oil & Gas 4.3%** | **Oil & Gas 4.3%** |
| Aethon United BR LP/Aethon United Finance Corp.,<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;8.250 | &nbsp;&nbsp;02/15/26 |  | 1575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567222 |
| Aker BP ASA (Norway), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;01/15/25 |  | 2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2178749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;01/15/30 |  | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132796 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** |
| Alta Mesa Holdings LP/Alta Mesa Finance Services Corp.,<br> Gtd. Notes^ | 7.875% | &nbsp;&nbsp;12/15/24(d) |  | 2950 | &nbsp;&nbsp; $20060 |
| Ascent Resources Utica Holdings LLC/ARU Finance<br> Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.000 | &nbsp;&nbsp;11/01/26 |  | 1525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1498798 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 9.000 | &nbsp;&nbsp;11/01/27 |  | 1004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1244981 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.250 | &nbsp;&nbsp;12/31/28 |  | &nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821697 |
| BP Capital Markets PLC (United Kingdom),<br> Gtd. Notes | 4.375(ff) | &nbsp;&nbsp;06/22/25(oo) |  | 3080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2931707 |
| Chesapeake Energy Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.500 | &nbsp;&nbsp;02/01/26 |  | &nbsp;&nbsp;&nbsp;475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.875 | &nbsp;&nbsp;02/01/29 |  | &nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;407955 |
| CITGO Petroleum Corp.,<br> Sr. Sec'd. Notes, 144A | 7.000 | &nbsp;&nbsp;06/15/25 |  | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1084466 |
| CNX Resources Corp.,<br> Gtd. Notes, 144A | 7.250 | &nbsp;&nbsp;03/14/27 |  | 1525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1519512 |
| Ecopetrol SA (Colombia),<br> Sr. Unsec'd. Notes | 6.875 | &nbsp;&nbsp;04/29/30 |  | &nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880590 |
| Endeavor Energy Resources LP/EER Finance, Inc.,<br> Sr. Unsec'd. Notes, 144A(a) | 5.750 | &nbsp;&nbsp;01/30/28 |  | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1476226 |
| Energean Israel Finance Ltd. (Israel), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.500 | &nbsp;&nbsp;03/30/24 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;03/30/26 |  | 1222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1136460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 5.375 | &nbsp;&nbsp;03/30/28 |  | 1320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1207800 |
| Gazprom PJSC Via Gaz Capital SA (Russia), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.450 | &nbsp;&nbsp;03/06/23(d) | &nbsp;&nbsp;CHF | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1479524 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.250 | &nbsp;&nbsp;04/06/24 | &nbsp;&nbsp;GBP | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979266 |
| Hilcorp Energy I LP/Hilcorp Finance Co., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;02/01/29 |  | &nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.000 | &nbsp;&nbsp;02/01/31 |  | &nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.250 | &nbsp;&nbsp;11/01/28 |  | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669506 |
| Leviathan Bond Ltd. (Israel), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | 6.500 | &nbsp;&nbsp;06/30/27 |  | 1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1852025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 6.750 | &nbsp;&nbsp;06/30/30 |  | 1190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119195 |
| MEG Energy Corp. (Canada), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 5.875 | &nbsp;&nbsp;02/01/29 |  | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1708200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 7.125 | &nbsp;&nbsp;02/01/27 |  | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1419614 |
| Nabors Industries, Inc.,<br> Gtd. Notes | 5.750 | &nbsp;&nbsp;02/01/25 |  | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360020 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** |
| Petrobras Global Finance BV (Brazil), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.625% | &nbsp;&nbsp;01/16/34 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp; $766169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, EMTN | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;12/14/26 | &nbsp;&nbsp;GBP | 1295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508902 |
| Petroleos Mexicanos (Mexico), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;02/26/29 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;5.350 | &nbsp;&nbsp;02/12/28 |  | &nbsp;&nbsp;&nbsp;241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;03/13/27 |  | 4462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4022939 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;01/23/29 |  | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, EMTN | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;02/21/24 | &nbsp;&nbsp;EUR | 1220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1245570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, EMTN | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;11/16/25 | &nbsp;&nbsp;GBP | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, EMTN | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;02/21/28 | &nbsp;&nbsp;EUR | 1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1114108 |
| Preem Holdings AB (Sweden),<br> Sr. Unsec'd. Notes, 144A | 12.000 | &nbsp;&nbsp;06/30/27 | &nbsp;&nbsp;EUR | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2754988 |
| Transocean, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;7.250 | &nbsp;&nbsp;11/01/25 |  | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;02/01/27 |  | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224812 |
| Tullow Oil PLC (Ghana),<br> Sr. Sec'd. Notes, 144A | 10.250 | &nbsp;&nbsp;05/15/26 |  | &nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825600 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44804990 |
| **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** |
| Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.,<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;10/15/28 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869136 |
| **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** | **Pharmaceuticals 1.2%** |
| AbbVie, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;4.050 | &nbsp;&nbsp;11/21/39 |  | 1880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1642523 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;4.700 | &nbsp;&nbsp;05/14/45 |  | &nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657360 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;03/15/45 |  | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1068699 |
| AdaptHealth LLC,<br> Gtd. Notes, 144A | &nbsp;&nbsp;4.625 | &nbsp;&nbsp;08/01/29 |  | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588776 |
| Bausch Health Americas, Inc.,<br> Gtd. Notes, 144A | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;01/31/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44271 |
| Bausch Health Cos., Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01/30/28 |  | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02/15/29 |  | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;01/30/30 |  | 1175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;02/15/31 |  | 4025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1690500 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Pharmaceuticals (cont'd.)** | **Pharmaceuticals (cont'd.)** | **Pharmaceuticals (cont'd.)** | **Pharmaceuticals (cont'd.)** | **Pharmaceuticals (cont'd.)** |
| Bausch Health Cos., Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 6.250% | &nbsp;&nbsp;02/15/29 | 1250 | &nbsp;&nbsp; $531250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.000 | &nbsp;&nbsp;01/15/28 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;06/01/28 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655750 |
| CVS Health Corp.,<br> Sr. Unsec'd. Notes | 5.125 | &nbsp;&nbsp;07/20/45 | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23368 |
| Mylan, Inc.,<br> Gtd. Notes | 5.400 | &nbsp;&nbsp;11/29/43 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2416284 |
| Organon & Co./Organon Foreign Debt Co-Issuer BV,<br> Sr. Unsec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;04/30/31 | &nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643256 |
| Viatris, Inc.,<br> Gtd. Notes | 4.000 | &nbsp;&nbsp;06/22/50 | 1495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976020 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12975307 |
| **Pipelines 1.7%** | **Pipelines 1.7%** | **Pipelines 1.7%** | **Pipelines 1.7%** | **Pipelines 1.7%** |
| AI Candelaria Spain SA (Colombia),<br> Sr. Sec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;06/15/33 | 2720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1978800 |
| Antero Midstream Partners LP/Antero Midstream Finance Corp.,<br> Gtd. Notes, 144A | 5.750 | &nbsp;&nbsp;01/15/28 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2646362 |
| Energy Transfer LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series G | 7.125(ff) | &nbsp;&nbsp;05/15/30(oo) | 2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2443137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series H | 6.500(ff) | &nbsp;&nbsp;11/15/26(oo) | &nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565101 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.000 | &nbsp;&nbsp;05/15/50 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1054912 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 5.300 | &nbsp;&nbsp;04/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 6.250 | &nbsp;&nbsp;04/15/49 | 1340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1267228 |
| Enterprise Products Operating LLC,<br> Gtd. Notes, Series D, 3 Month LIBOR + 2.986% | 7.630(c) | &nbsp;&nbsp;08/16/77 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179018 |
| ONEOK, Inc.,<br> Gtd. Notes | 4.950 | &nbsp;&nbsp;07/13/47 | &nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20752 |
| Plains All American Pipeline LP/PAA Finance Corp.,<br> Sr. Unsec'd. Notes(a) | 3.550 | &nbsp;&nbsp;12/15/29 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1398049 |
| Rockies Express Pipeline LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 3.600 | &nbsp;&nbsp;05/15/25 | 1485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1391948 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 6.875 | &nbsp;&nbsp;04/15/40 | &nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186774 |
| Tallgrass Energy Partners LP/Tallgrass Energy<br> Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.500 | &nbsp;&nbsp;01/15/28 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A(a) | 6.000 | &nbsp;&nbsp;12/31/30 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1944343 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** | **Pipelines (cont'd.)** |
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 7.500% | &nbsp;&nbsp;10/01/25 | 1250 | &nbsp;&nbsp; $1265984 |
| Williams Cos., Inc. (The),<br> Sr. Unsec'd. Notes | 4.900 | &nbsp;&nbsp;01/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;76 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66002 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17547650 |
| **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** |
| Agile Group Holdings Ltd. (China),<br> Sr. Sec'd. Notes | 6.050 | &nbsp;&nbsp;10/13/25 | 2085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799207 |
| Arabian Centres Sukuk Ltd. (Saudi Arabia),<br> Gtd. Notes, 144A | 5.375 | &nbsp;&nbsp;11/26/24 | 1655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567906 |
| Howard Hughes Corp. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.125 | &nbsp;&nbsp;02/01/29 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3352747 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 5.375 | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833556 |
| Hunt Cos., Inc.,<br> Sr. Sec'd. Notes, 144A | 5.250 | &nbsp;&nbsp;04/15/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1659223 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8212639 |
| **Real Estate Investment Trusts (REITs) 0.8%** | **Real Estate Investment Trusts (REITs) 0.8%** | **Real Estate Investment Trusts (REITs) 0.8%** | **Real Estate Investment Trusts (REITs) 0.8%** | **Real Estate Investment Trusts (REITs) 0.8%** |
| Brixmor Operating Partnership LP,<br> Sr. Unsec'd. Notes | 4.050 | &nbsp;&nbsp;07/01/30 | 1590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1397618 |
| Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.375 | &nbsp;&nbsp;03/01/31 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1393888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 9.750 | &nbsp;&nbsp;06/15/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973667 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(a) | 4.750 | &nbsp;&nbsp;02/15/28 | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1231873 |
| GLP Capital LP/GLP Financing II, Inc.,<br> Gtd. Notes | 3.350 | &nbsp;&nbsp;09/01/24 | &nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710345 |
| Healthpeak Properties, Inc.,<br> Sr. Unsec'd. Notes | 2.875 | &nbsp;&nbsp;01/15/31 | &nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427449 |
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer,<br> Sr. Sec'd. Notes, 144A | 7.500 | &nbsp;&nbsp;06/01/25 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510091 |
| VICI Properties LP/VICI Note Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.250 | &nbsp;&nbsp;12/01/26 | &nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321595 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.500 | &nbsp;&nbsp;09/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70341 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** | **Real Estate Investment Trusts (REITs) (cont'd.)** |
| VICI Properties LP/VICI Note Co., Inc., (cont'd.) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.625% | &nbsp;&nbsp;06/15/25 |  | &nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp; $423855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 4.625 | &nbsp;&nbsp;12/01/29 |  | &nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258136 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8718858 |
| **Retail 1.7%** | **Retail 1.7%** | **Retail 1.7%** | **Retail 1.7%** | **Retail 1.7%** | **Retail 1.7%** |
| 1011778 BC ULC/New Red Finance, Inc. (Canada),<br> Sec'd. Notes, 144A | 4.000 | &nbsp;&nbsp;10/15/30 |  | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1127250 |
| At Home Group, Inc.,<br> Sr. Sec'd. Notes, 144A(a) | 4.875 | &nbsp;&nbsp;07/15/28 |  | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403627 |
| AutoNation, Inc.,<br> Sr. Unsec'd. Notes | 4.750 | &nbsp;&nbsp;06/01/30 |  | 1880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1703807 |
| Brinker International, Inc.,<br> Gtd. Notes, 144A | 5.000 | &nbsp;&nbsp;10/01/24 |  | 2900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2799436 |
| eG Global Finance PLC (United Kingdom), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 4.375 | &nbsp;&nbsp;02/07/25 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;815287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes | 6.250 | &nbsp;&nbsp;10/30/25 | &nbsp;&nbsp;EUR | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2268846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;02/07/25 | &nbsp;&nbsp;EUR | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907055 |
| Falabella SA (Chile),<br> Sr. Unsec'd. Notes, 144A | 3.375 | &nbsp;&nbsp;01/15/32 |  | 2305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1790985 |
| Gap, Inc. (The), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.625 | &nbsp;&nbsp;10/01/29 |  | &nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;10/01/31 |  | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;641659 |
| JSM Global Sarl (Brazil),<br> Gtd. Notes, 144A | 4.750 | &nbsp;&nbsp;10/20/30 |  | 1725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1086750 |
| Sally Holdings LLC/Sally Capital, Inc.,<br> Gtd. Notes | 5.625 | &nbsp;&nbsp;12/01/25 |  | 1675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1603877 |
| Suburban Propane Partners LP/Suburban Energy Finance Corp.,<br> Sr. Unsec'd. Notes(a) | 5.875 | &nbsp;&nbsp;03/01/27 |  | 2425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2324689 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18106570 |
| **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** |
| NXP BV/NXP Funding LLC/NXP USA, Inc. (China), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 3.150 | &nbsp;&nbsp;05/01/27 |  | &nbsp;&nbsp;&nbsp;675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606994 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 3.400 | &nbsp;&nbsp;05/01/30 |  | &nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760867 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1367861 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Telecommunications 2.5%** | **Telecommunications 2.5%** | **Telecommunications 2.5%** | **Telecommunications 2.5%** | **Telecommunications 2.5%** | **Telecommunications 2.5%** |
| Altice France Holding SA (Luxembourg), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | &nbsp;&nbsp;4.000% | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp; $209294 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;EUR | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698721 |
| AT&T, Inc., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(h) | &nbsp;&nbsp;3.550 | &nbsp;&nbsp;09/15/55 |  | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;877900 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes(h) | &nbsp;&nbsp;3.800 | &nbsp;&nbsp;12/01/57 |  | &nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567829 |
| CT Trust (Guatemala),<br> Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;5.125 | &nbsp;&nbsp;02/03/32 |  | 1980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1706884 |
| Digicel International Finance Ltd./Digicel<br> International Holdings Ltd. (Jamaica), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A | &nbsp;&nbsp;8.000 | &nbsp;&nbsp;12/31/26 |  | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A, Cash coupon 6.000% and PIK 7.000%(a) | 13.000 | &nbsp;&nbsp;12/31/25 |  | 2217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1396984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;05/25/24 |  | 6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5242500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;05/25/24 |  | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1740000 |
| Digicel Ltd. (Jamaica),<br> Gtd. Notes, 144A | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;03/01/23 |  | 1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522500 |
| Iliad Holding SASU (France),<br> Sr. Sec'd. Notes, 144A | &nbsp;&nbsp;5.625 | &nbsp;&nbsp;10/15/28 | &nbsp;&nbsp;EUR | 3125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3034406 |
| Intelsat Jackson Holdings SA (Luxembourg), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes^ | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;08/01/23(d) |  | 4585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A^ | &nbsp;&nbsp;8.500 | &nbsp;&nbsp;10/15/24(d) |  | &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;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes, 144A^ | &nbsp;&nbsp;9.750 | &nbsp;&nbsp;07/15/25(d) |  | &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;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, 144A(a) | &nbsp;&nbsp;6.500 | &nbsp;&nbsp;03/15/30 |  | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2569000 |
| Lumen Technologies, Inc.,<br> Sr. Unsec'd. Notes, Series P | &nbsp;&nbsp;7.600 | &nbsp;&nbsp;09/15/39 |  | 1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856316 |
| Millicom International Cellular SA (Colombia),<br> Sr. Unsec'd. Notes, 144A | &nbsp;&nbsp;4.500 | &nbsp;&nbsp;04/27/31 |  | &nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588870 |
| Sprint Capital Corp.,<br> Gtd. Notes | &nbsp;&nbsp;8.750 | &nbsp;&nbsp;03/15/32 |  | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3586915 |
| T-Mobile USA, Inc.,<br> Gtd. Notes | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;04/15/40 |  | 1850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1606709 |
| Total Play Telecomunicaciones SA de CV (Mexico),<br> Gtd. Notes, 144A | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;09/20/28 |  | 1710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1214100 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26696683 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Transportation 0.0%** | **Transportation 0.0%** | **Transportation 0.0%** | **Transportation 0.0%** | **Transportation 0.0%** |
| Lima Metro Line 2 Finance Ltd. (Peru),<br> Sr. Sec'd. Notes | &nbsp;&nbsp;5.875% | &nbsp;&nbsp;07/05/34 | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp; $90558 |
| **Total Corporate Bonds<br> (cost $633,856,754)** | **Total Corporate Bonds<br> (cost $633,856,754)** | **Total Corporate Bonds<br> (cost $633,856,754)** | **Total Corporate Bonds<br> (cost $633,856,754)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527703398 |
| **Floating Rate and other Loans 2.6%** | **Floating Rate and other Loans 2.6%** | **Floating Rate and other Loans 2.6%** | **Floating Rate and other Loans 2.6%** | **Floating Rate and other Loans 2.6%** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| United Airlines, Inc.,<br> Class B Term Loan, 3 Month LIBOR + 3.750% | &nbsp;&nbsp;8.108(c) | &nbsp;&nbsp;04/21/28 | 1237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1220019 |
| **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** | **Chemicals 0.0%** |
| TPC Group, Inc.,<br> Term Loan DIP Facility, 1 Month SOFR + 10.114%^ | 13.910(c) | &nbsp;&nbsp;03/01/23 | &nbsp;&nbsp;&nbsp;119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118902 |
| **Commercial Services 0.0%** | **Commercial Services 0.0%** | **Commercial Services 0.0%** | **Commercial Services 0.0%** | **Commercial Services 0.0%** |
| Adtalem Global Education, Inc.,<br> Term B Loan, 1 Month LIBOR + 4.000% | &nbsp;&nbsp;8.016(c) | &nbsp;&nbsp;08/12/28 | &nbsp;&nbsp;&nbsp;429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423521 |
| **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;7.636(c) | &nbsp;&nbsp;03/01/29 | 1920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1818844 |
| Peraton Corp.,<br> First Lien Term B Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;02/01/28 | 1789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1744429 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3563273 |
| **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** |
| Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-07 Term Loan, 1 Month LIBOR + 3.000% | &nbsp;&nbsp;7.071(c) | &nbsp;&nbsp;11/03/24 | &nbsp;&nbsp;&nbsp;707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676850 |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-09 Term Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;07/31/27 | &nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553549 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1230399 |
| **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** |
| Rainbow Midco Ltd. (United Kingdom),<br> Term Loan, 3 Month EURIBOR + 7.750%^ | &nbsp;&nbsp;7.750(c) | &nbsp;&nbsp;02/22/30 | 4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4206105 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** | **Media 0.3%** |
| CSC Holdings LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2017 Refinancing Term Loan, 1 Month LIBOR + 2.250% | &nbsp;&nbsp;6.123 %(c) | &nbsp;&nbsp;07/17/25 |  | &nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp; $610261 |
| &nbsp;&nbsp;&nbsp;&nbsp;September 2019 Term Loan, 1 Month LIBOR + 2.500% | &nbsp;&nbsp;6.373(c) | &nbsp;&nbsp;04/15/27 |  | 1085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015816 |
| Diamond Sports Group LLC, |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Term Loan, 1 Month SOFR + 8.100% | 11.894(c) | &nbsp;&nbsp;05/25/26 |  | &nbsp;&nbsp;&nbsp;202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190652 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term loan, 1 Month SOFR + 3.350% | &nbsp;&nbsp;7.144(c) | &nbsp;&nbsp;08/24/26 |  | 2338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372666 |
| iHeartCommunications, Inc.,<br> New Term Loan, 1 Month LIBOR + 3.000% | &nbsp;&nbsp;7.071(c) | &nbsp;&nbsp;05/01/26 |  | &nbsp;&nbsp;&nbsp;582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544822 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2734217 |
| **Metal Fabricate/Hardware 0.2%** | **Metal Fabricate/Hardware 0.2%** | **Metal Fabricate/Hardware 0.2%** | **Metal Fabricate/Hardware 0.2%** | **Metal Fabricate/Hardware 0.2%** | **Metal Fabricate/Hardware 0.2%** |
| Tank Holding Corp.,<br> Term Loan, 1 Month SOFR + 5.850% | &nbsp;&nbsp;9.936(c) | &nbsp;&nbsp;03/31/28 |  | 1771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1687936 |
| **Oil & Gas 0.2%** | **Oil & Gas 0.2%** | **Oil & Gas 0.2%** | **Oil & Gas 0.2%** | **Oil & Gas 0.2%** | **Oil & Gas 0.2%** |
| Ascent Resources Utica Holdings LLC,<br> Second Lien Term Loan, 3 Month LIBOR + 9.000% | 12.941(c) | &nbsp;&nbsp;11/01/25 |  | 2105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2220775 |
| **Real Estate Investment Trusts (REITs) 0.1%** | **Real Estate Investment Trusts (REITs) 0.1%** | **Real Estate Investment Trusts (REITs) 0.1%** | **Real Estate Investment Trusts (REITs) 0.1%** | **Real Estate Investment Trusts (REITs) 0.1%** | **Real Estate Investment Trusts (REITs) 0.1%** |
| Blackstone Mortgage Trust, Inc.,<br> Term Loan, 1 Month LIBOR + 2.250% | &nbsp;&nbsp;6.321(c) | &nbsp;&nbsp;04/23/26 |  | &nbsp;&nbsp;&nbsp;760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740326 |
| **Retail 0.6%** | **Retail 0.6%** | **Retail 0.6%** | **Retail 0.6%** | **Retail 0.6%** | **Retail 0.6%** |
| EG Group Ltd. (United Kingdom),<br> Additional Second Lien Loan Facility, 3 Month EURIBOR + 7.000% | &nbsp;&nbsp;8.193(c) | &nbsp;&nbsp;04/30/27 | &nbsp;&nbsp;EUR | 7300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6471166 |
| **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** |
| CenturyLink, Inc.,<br> Term B Loan, 1 Month LIBOR + 2.250% | &nbsp;&nbsp;6.321(c) | &nbsp;&nbsp;03/15/27 |  | &nbsp;&nbsp;&nbsp;628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593042 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** |
| Digicel International Finance Ltd. (Saint Lucia),<br> First Lien Initial Term B Loan, 1 Month LIBOR + 3.250% | 7.321 %(c) | &nbsp;&nbsp;05/27/24 | &nbsp;&nbsp;1629 | &nbsp;&nbsp; $1377165 |
| West Corp.,<br> Initial Term B Loan, 3 Month LIBOR + 4.000% | 8.415(c) | &nbsp;&nbsp;10/10/24 | &nbsp;&nbsp;&nbsp;&nbsp;858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785516 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2755723 |
| **Total Floating Rate and other Loans<br> (cost $31,297,897)** | **Total Floating Rate and other Loans<br> (cost $31,297,897)** | **Total Floating Rate and other Loans<br> (cost $31,297,897)** | **Total Floating Rate and other Loans<br> (cost $31,297,897)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27372362 |
| **Municipal Bonds 0.9%** | **Municipal Bonds 0.9%** | **Municipal Bonds 0.9%** | **Municipal Bonds 0.9%** | **Municipal Bonds 0.9%** |
| **Illinois 0.1%** | **Illinois 0.1%** | **Illinois 0.1%** | **Illinois 0.1%** | **Illinois 0.1%** |
| State of Illinois,<br> General Obligation Unlimited, Taxable | 5.100 | &nbsp;&nbsp;06/01/33 | &nbsp;&nbsp;1210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1166728 |
| **Puerto Rico 0.8%** | **Puerto Rico 0.8%** | **Puerto Rico 0.8%** | **Puerto Rico 0.8%** | **Puerto Rico 0.8%** |
| Commonwealth of Puerto Rico,<br> General Obligation, Sub-Series C | 0.000(cc) | &nbsp;&nbsp;11/01/43 | 12169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5557025 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax<br> Revenue, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue Bonds, Restructured, Series A-1 | 4.750 | &nbsp;&nbsp;07/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue Bonds, Series A-1 | 5.000 | &nbsp;&nbsp;07/01/58 | &nbsp;&nbsp;1780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1675590 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7863846 |
| **Total Municipal Bonds<br> (cost $10,380,304)** | **Total Municipal Bonds<br> (cost $10,380,304)** | **Total Municipal Bonds<br> (cost $10,380,304)** | **Total Municipal Bonds<br> (cost $10,380,304)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9030574 |
| **Residential Mortgage-Backed Securities 6.0%** | **Residential Mortgage-Backed Securities 6.0%** | **Residential Mortgage-Backed Securities 6.0%** | **Residential Mortgage-Backed Securities 6.0%** | **Residential Mortgage-Backed Securities 6.0%** |
| Bellemeade Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-03A, Class M1B, 144A, 1 Month LIBOR + 1.850% (Cap N/A, Floor 1.850%) | 5.866(c) | &nbsp;&nbsp;10/25/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-03A, Class M1B, 144A, 1 Month LIBOR + 1.600% (Cap N/A, Floor 1.600%) | 5.644(c) | &nbsp;&nbsp;07/25/29 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255041 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-02A, Class M1C, 144A, 1 Month LIBOR + 4.000% (Cap N/A, Floor 4.000%) | 8.016(c) | &nbsp;&nbsp;08/26/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-04A, Class M2B, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 3.600%) | 7.644(c) | &nbsp;&nbsp;06/25/30 | &nbsp;&nbsp;3080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3073740 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **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)** |
| Bellemeade Re Ltd., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01A, Class M1C, 144A, 30 Day Average SOFR + 2.950% (Cap N/A, Floor 2.950%) | &nbsp;&nbsp;6.497 %(c) | &nbsp;&nbsp;03/25/31 | 2280 | &nbsp;&nbsp; $2168317 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-03A, Class M1B, 144A, 30 Day Average SOFR + 1.400% (Cap N/A, Floor 1.400%) | &nbsp;&nbsp;4.947(c) | &nbsp;&nbsp;09/25/31 | &nbsp;&nbsp;&nbsp;900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;837936 |
| BVRT Financing Trust,<br> Series 2021-04, Class F, 144A, 1 Month SOFR + 2.000%^ | &nbsp;&nbsp;5.218(c) | &nbsp;&nbsp;09/12/26 | 5835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5806104 |
| Connecticut Avenue Securities Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-R03, Class 1M2, 144A, 1 Month LIBOR + 2.150% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.166(c) | &nbsp;&nbsp;09/25/31 | &nbsp;&nbsp;&nbsp;384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-R07, Class 1M2, 144A, 1 Month LIBOR + 2.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.116(c) | &nbsp;&nbsp;10/25/39 | &nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176082 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-R01, Class 1M2, 144A, 1 Month LIBOR + 2.050% (Cap N/A, Floor 2.050%) | &nbsp;&nbsp;6.066(c) | &nbsp;&nbsp;01/25/40 | &nbsp;&nbsp;&nbsp;982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-R01, Class 1B1, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.621(c) | &nbsp;&nbsp;10/25/41 | 3670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3372048 |
| Eagle Re Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2018-01, Class M1, 144A, 1 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | &nbsp;&nbsp;5.744(c) | &nbsp;&nbsp;11/25/28 | &nbsp;&nbsp;&nbsp;&nbsp;52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51228 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-01, Class M1B, 144A, 1 Month LIBOR + 1.800% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;5.844(c) | &nbsp;&nbsp;04/25/29 | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86968 |
| Fannie Mae Interest Strips,<br> Series 422, Class C7, IO | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;11/25/35 | 3486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482559 |
| Fannie Mae REMIC,<br> Series 2018-80, Class GC | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;10/25/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316957 |
| FHLMC Structured Agency Credit Risk Debt Notes,<br> Series 2021-DNA02, Class B1, 144A, 30 Day Average SOFR + 3.400% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;6.921(c) | &nbsp;&nbsp;08/25/33 | 6150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5519625 |
| FHLMC Structured Agency Credit Risk REMIC Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA03, Class B1, 144A, 1 Month LIBOR + 5.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;9.116(c) | &nbsp;&nbsp;06/25/50 | &nbsp;&nbsp;&nbsp;496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA04, Class B1, 144A, 1 Month LIBOR + 6.000% (Cap N/A, Floor 0.000%) | 10.016(c) | &nbsp;&nbsp;08/25/50 | 4133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4374910 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA05, Class B1, 144A, 30 Day Average SOFR + 4.800% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;8.321(c) | &nbsp;&nbsp;10/25/50 | &nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624491 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **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 2020-DNA05, Class M2, 144A, 30 Day Average SOFR + 2.800% (Cap N/A, Floor 0.000%) | 6.321 %(c) | &nbsp;&nbsp;10/25/50 | &nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp; $190663 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-DNA06, Class B1, 144A, 30 Day Average SOFR + 3.000% (Cap N/A, Floor 0.000%) | 6.521(c) | &nbsp;&nbsp;12/25/50 | 3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3005813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HQA02, Class M2, 144A, 1 Month LIBOR + 3.100% (Cap N/A, Floor 0.000%) | 7.116(c) | &nbsp;&nbsp;03/25/50 | &nbsp;&nbsp;&nbsp;118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HQA03, Class M2, 144A, 1 Month LIBOR + 3.600% (Cap N/A, Floor 0.000%) | 7.616(c) | &nbsp;&nbsp;07/25/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-HQA04, Class B1, 144A, 1 Month LIBOR + 5.250% (Cap N/A, Floor 0.000%) | 9.266(c) | &nbsp;&nbsp;09/25/50 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097526 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-DNA05, Class B1, 144A, 30 Day Average SOFR + 3.050% (Cap N/A, Floor 0.000%) | 6.571(c) | &nbsp;&nbsp;01/25/34 | 2320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2059197 |
| Government National Mortgage Assoc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2016-69, Class B | 3.000 | &nbsp;&nbsp;05/20/46 | 3546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3165324 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-137, Class IO, IO | 3.000 | &nbsp;&nbsp;11/20/49 | 4810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-159, Class IJ, IO | 3.500 | &nbsp;&nbsp;12/20/49 | &nbsp;&nbsp;&nbsp;849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168381 |
| Home Re Ltd.,<br> Series 2019-01, Class M1, 144A, 1 Month LIBOR + 1.650% (Cap N/A, Floor 0.000%) | 5.694(c) | &nbsp;&nbsp;05/25/29 | &nbsp;&nbsp;&nbsp;138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137178 |
| Loan Revolving Advance Investment Trust,<br> Series 2021-02, Class A1X, 144A, 1 Month LIBOR + 2.750% (Cap N/A, Floor 2.750%) | 6.623(c) | &nbsp;&nbsp;06/30/23 | 2811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2780659 |
| New Residential Mortgage Loan Trust,<br> Series 2018-04A, Class A1S, 144A, 1 Month LIBOR + 0.750% (Cap N/A, Floor 0.750%) | 4.766(c) | &nbsp;&nbsp;01/25/48 | &nbsp;&nbsp;&nbsp;122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117052 |
| Oaktown Re VII Ltd.,<br> Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 2.900% (Cap N/A, Floor 2.900%) | 6.447(c) | &nbsp;&nbsp;04/25/34 | 3900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3444251 |
| PMT Credit Risk Transfer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-02R, Class A, 144A, 1 Month LIBOR + 3.815% (Cap N/A, Floor 3.815%) | 7.870(c) | &nbsp;&nbsp;12/25/22 | 3189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3142169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2021-01R, Class A, 144A, 1 Month LIBOR + 2.900% (Cap N/A, Floor 2.900%) | 6.955(c) | &nbsp;&nbsp;02/27/24 | 5169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4929677 |
| 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%) | 6.894(c) | &nbsp;&nbsp;02/25/23 | 1720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1668539 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**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%) | 6.694 %(c) | &nbsp;&nbsp;08/25/25 |  | 1300 | &nbsp;&nbsp; $1240733 |
| Radnor Re Ltd.,<br> Series 2021-02, Class M1B, 144A, 30 Day Average SOFR + 3.700% (Cap N/A, Floor 3.700%) | 7.247(c) | &nbsp;&nbsp;11/25/31 |  | 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3480940 |
| 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 | 1570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1614542 |
| TFS (Spain),<br> Series 2018-03^ | 0.000(s) | &nbsp;&nbsp;04/16/40 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;—(r) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437 |
| **Total Residential Mortgage-Backed Securities<br> (cost $66,416,993)** | **Total Residential Mortgage-Backed Securities<br> (cost $66,416,993)** | **Total Residential Mortgage-Backed Securities<br> (cost $66,416,993)** | **Total Residential Mortgage-Backed Securities<br> (cost $66,416,993)** | **Total Residential Mortgage-Backed Securities<br> (cost $66,416,993)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63174795 |
| **Sovereign Bonds 2.7%** | **Sovereign Bonds 2.7%** | **Sovereign Bonds 2.7%** | **Sovereign Bonds 2.7%** | **Sovereign Bonds 2.7%** | **Sovereign Bonds 2.7%** |
| 1MDB Global Investments Ltd. (Malaysia),<br> Sr. Unsec'd. Notes | 4.400 | &nbsp;&nbsp;03/09/23 |  | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3913250 |
| Brazil Minas SPE via State of Minas Gerais (Brazil),<br> Gov't. Gtd. Notes | 5.333 | &nbsp;&nbsp;02/15/28 |  | 1818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750734 |
| Bulgaria Government International Bond (Bulgaria),<br> Sr. Unsec'd. Notes | 1.375 | &nbsp;&nbsp;09/23/50 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18434 |
| Dominican Republic International Bond (Dominican<br> Republic), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;02/22/29 |  | 1635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1503485 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.950 | &nbsp;&nbsp;01/25/27 |  | 2270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2207291 |
| Hellenic Republic Government International Bond (Greece),<br> Sr. Unsec'd. Notes | 5.200 | &nbsp;&nbsp;07/17/34 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129662 |
| Indonesia Government International Bond<br> (Indonesia), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 0.900 | &nbsp;&nbsp;02/14/27 | &nbsp;&nbsp;EUR | 1080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.100 | &nbsp;&nbsp;03/12/33 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463344 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.450 | &nbsp;&nbsp;09/18/26 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127381 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, EMTN | 3.750 | &nbsp;&nbsp;06/14/28 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383639 |
| Ivory Coast Government International Bond (Ivory<br> Coast), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.125 | &nbsp;&nbsp;06/15/25 | &nbsp;&nbsp;EUR | 1130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113997 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.750 | &nbsp;&nbsp;12/31/32 |  | &nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357714 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Sovereign Bonds (Continued)** | **Sovereign Bonds (Continued)** | **Sovereign Bonds (Continued)** | **Sovereign Bonds (Continued)** | **Sovereign Bonds (Continued)** | **Sovereign Bonds (Continued)** |
| Japan Finance Organization for Municipalities<br> (Japan), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN | 1.750% | &nbsp;&nbsp;09/05/24 |  | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp; $189958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN | 3.000 | &nbsp;&nbsp;03/12/24 |  | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195535 |
| Lembaga Pembiayaan Ekspor Indonesia (Indonesia),<br> Sr. Unsec'd. Notes, EMTN | 3.875 | &nbsp;&nbsp;04/06/24 |  | &nbsp;&nbsp;&nbsp;&nbsp;801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780062 |
| Republic of Italy Government International Bond<br> (Italy), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 2.875 | &nbsp;&nbsp;10/17/29 |  | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, MTN(a) | 5.375 | &nbsp;&nbsp;06/15/33 |  | &nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3184450 |
| Romanian Government International Bond<br> (Romania), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A, MTN | 3.875 | &nbsp;&nbsp;10/29/35 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, EMTN | 3.875 | &nbsp;&nbsp;10/29/35 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82446 |
| Serbia International Bond (Serbia), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 1.500 | &nbsp;&nbsp;06/26/29 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 3.125 | &nbsp;&nbsp;05/15/27 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;2741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2515893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 1.500 | &nbsp;&nbsp;06/26/29 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;852314 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 1.650 | &nbsp;&nbsp;03/03/33 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;1888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1273709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 2.125 | &nbsp;&nbsp;12/01/30 |  | &nbsp;&nbsp;&nbsp;&nbsp;508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372205 |
| Third Pakistan International Sukuk Co. Ltd. (The) (Pakistan),<br> Sr. Unsec'd. Notes | 5.625 | &nbsp;&nbsp;12/05/22 |  | &nbsp;&nbsp;2360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2330972 |
| Ukraine Government International Bond (Ukraine), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.375 | &nbsp;&nbsp;01/27/32 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;1140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229546 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 7.750 | &nbsp;&nbsp;09/01/24(d) |  | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 7.750 | &nbsp;&nbsp;09/01/26(d) |  | &nbsp;&nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96696 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 8.994 | &nbsp;&nbsp;02/01/26(d) |  | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.375 | &nbsp;&nbsp;01/27/32(d) | &nbsp;&nbsp;EUR | &nbsp;&nbsp;1355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.750 | &nbsp;&nbsp;09/01/24(d) |  | &nbsp;&nbsp;3550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964712 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 7.750 | &nbsp;&nbsp;09/01/25(d) |  | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129610 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 8.994 | &nbsp;&nbsp;02/01/26(d) |  | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152263 |
| Uruguay Government International Bond (Uruguay),<br> Sr. Unsec'd. Notes | 4.975 | &nbsp;&nbsp;04/20/55 |  | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96750 |
| **Total Sovereign Bonds<br> (cost $39,558,869)** | **Total Sovereign Bonds<br> (cost $39,558,869)** | **Total Sovereign Bonds<br> (cost $39,558,869)** | **Total Sovereign Bonds<br> (cost $39,558,869)** | **Total Sovereign Bonds<br> (cost $39,558,869)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28886504 |
| **U.S. Government Agency Obligations 19.8%** | **U.S. Government Agency Obligations 19.8%** | **U.S. Government Agency Obligations 19.8%** | **U.S. Government Agency Obligations 19.8%** | **U.S. Government Agency Obligations 19.8%** | **U.S. Government Agency Obligations 19.8%** |
| Federal National Mortgage Assoc. | 2.500 | &nbsp;&nbsp;TBA(tt) |  | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4276953 |
| Federal National Mortgage Assoc. | 2.500 | &nbsp;&nbsp;TBA |  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8561328 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **U.S. Government Agency Obligations(Continued)** | **U.S. Government Agency Obligations(Continued)** | **U.S. Government Agency Obligations(Continued)** | **U.S. Government Agency Obligations(Continued)** | **U.S. Government Agency Obligations(Continued)** |
| Federal National Mortgage Assoc. | 3.000% | &nbsp;&nbsp;TBA(tt) | 18000 | &nbsp;&nbsp; $15929098 |
| Federal National Mortgage Assoc. | 3.000 | &nbsp;&nbsp;TBA | 37000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32764825 |
| Federal National Mortgage Assoc. | 3.500 | &nbsp;&nbsp;TBA(tt) | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10068437 |
| Federal National Mortgage Assoc. | 3.500 | &nbsp;&nbsp;TBA | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77834766 |
| Federal National Mortgage Assoc. | 5.000 | &nbsp;&nbsp;TBA | 18500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18401719 |
| Federal National Mortgage Assoc. | 5.500 | &nbsp;&nbsp;TBA(tt) | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022704 |
| Federal National Mortgage Assoc. | 5.500 | &nbsp;&nbsp;TBA | 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10611815 |
| Federal National Mortgage Assoc. | 6.000 | &nbsp;&nbsp;TBA | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510661 |
| Government National Mortgage Assoc. | 3.000 | &nbsp;&nbsp;TBA | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2711100 |
| Government National Mortgage Assoc. | 3.500 | &nbsp;&nbsp;TBA(tt) | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928281 |
| Government National Mortgage Assoc. | 3.500 | &nbsp;&nbsp;TBA | &nbsp;&nbsp;8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7430000 |
| Government National Mortgage Assoc. | 4.000 | &nbsp;&nbsp;TBA | &nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3341680 |
| Government National Mortgage Assoc. | 4.500 | &nbsp;&nbsp;TBA(tt) | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979414 |
| Government National Mortgage Assoc. | 4.500 | &nbsp;&nbsp;TBA | 10500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10283027 |
| Government National Mortgage Assoc. | 5.500 | &nbsp;&nbsp;TBA | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1516618 |
| **Total U.S. Government Agency Obligations<br> (cost $205,180,352)** | **Total U.S. Government Agency Obligations<br> (cost $205,180,352)** | **Total U.S. Government Agency Obligations<br> (cost $205,180,352)** | **Total U.S. Government Agency Obligations<br> (cost $205,180,352)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;208172426 |
| **U.S. Treasury Obligations 3.5%** | **U.S. Treasury Obligations 3.5%** | **U.S. Treasury Obligations 3.5%** | **U.S. Treasury Obligations 3.5%** | **U.S. Treasury Obligations 3.5%** |
| U.S. Treasury Bonds(h)(k) | 2.250 | &nbsp;&nbsp;05/15/41 | 11620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8932875 |
| U.S. Treasury Bonds(h)(k) | 2.375 | &nbsp;&nbsp;02/15/42 | &nbsp;&nbsp;4989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3883625 |
| U.S. Treasury Bonds(k) | 3.000 | &nbsp;&nbsp;11/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139425 |
| U.S. Treasury Bonds(h)(k) | 3.000 | &nbsp;&nbsp;05/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728627 |
| U.S. Treasury Bonds(h)(k) | 3.125 | &nbsp;&nbsp;02/15/43 | &nbsp;&nbsp;4825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4212074 |
| U.S. Treasury Bonds(h)(k) | 3.625 | &nbsp;&nbsp;02/15/44 | &nbsp;&nbsp;1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1659376 |
| U.S. Treasury Strips Coupon | 1.394(s) | &nbsp;&nbsp;11/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240146 |
| U.S. Treasury Strips Coupon | 1.450(s) | &nbsp;&nbsp;08/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134188 |
| U.S. Treasury Strips Coupon(h)(k) | 1.781(s) | &nbsp;&nbsp;08/15/40 | 12460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6085445 |
| U.S. Treasury Strips Coupon(k) | 1.810(s) | &nbsp;&nbsp;02/15/40 | &nbsp;&nbsp;4360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2180000 |
| U.S. Treasury Strips Coupon(k) | 1.960(s) | &nbsp;&nbsp;05/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369103 |
| U.S. Treasury Strips Coupon | 2.056(s) | &nbsp;&nbsp;11/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58150 |
| U.S. Treasury Strips Coupon(h) | 2.058(s) | &nbsp;&nbsp;02/15/39 | &nbsp;&nbsp;1170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613153 |
| U.S. Treasury Strips Coupon(k) | 2.208(s) | &nbsp;&nbsp;05/15/39 | &nbsp;&nbsp;1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714463 |
| U.S. Treasury Strips Coupon(h)(k) | 2.340(s) | &nbsp;&nbsp;02/15/43 | &nbsp;&nbsp;7190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3089172 |
| U.S. Treasury Strips Coupon(k) | 2.394(s) | &nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;2247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941546 |
| U.S. Treasury Strips Coupon | 2.423(s) | &nbsp;&nbsp;11/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308950 |
| U.S. Treasury Strips Coupon(k) | 2.437(s) | &nbsp;&nbsp;05/15/44 | &nbsp;&nbsp;2230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911600 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **U.S. Treasury Obligations(Continued)** | **U.S. Treasury Obligations(Continued)** | **U.S. Treasury Obligations(Continued)** | **U.S. Treasury Obligations(Continued)** | **U.S. Treasury Obligations(Continued)** |
| U.S. Treasury Strips Coupon(h) | 3.081 %(s) | &nbsp;&nbsp;08/15/41 | 1295 | &nbsp;&nbsp; $604350 |
| U.S. Treasury Strips Principal | 2.060(s) | &nbsp;&nbsp;11/15/44 | 1145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469629 |
| **Total U.S. Treasury Obligations<br> (cost $50,098,555)** | **Total U.S. Treasury Obligations<br> (cost $50,098,555)** | **Total U.S. Treasury Obligations<br> (cost $50,098,555)** | **Total U.S. Treasury Obligations<br> (cost $50,098,555)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36275897 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Common Stocks 0.4%** | **Common Stocks 0.4%** | **Common Stocks 0.4%** |
| **Electric Utilities 0.0%** | **Electric Utilities 0.0%** | **Electric Utilities 0.0%** |
| GenOn Energy Holdings, Inc. (Class A Stock) (original cost $81,798; purchased 02/28/19)\*^(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67700 |
| **Gas Utilities 0.1%** | **Gas Utilities 0.1%** | **Gas Utilities 0.1%** |
| Ferrellgas Partners LP (Class B Stock) (original cost $484,969; purchased 07/29/20)^(f) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225863 |
| **Hotels, Restaurants & Leisure 0.0%** | **Hotels, Restaurants & Leisure 0.0%** | **Hotels, Restaurants & Leisure 0.0%** |
| Codere New Topco SA (Spain) (original cost $0; purchased 11/19/21)^(f) | &nbsp;&nbsp;&nbsp;&nbsp;12376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Independent Power & Renewable Electricity Producers 0.0%** | **Independent Power & Renewable Electricity Producers 0.0%** | **Independent Power & Renewable Electricity Producers 0.0%** |
| Vistra Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255854 |
| **Oil, Gas & Consumable Fuels 0.2%** | **Oil, Gas & Consumable Fuels 0.2%** | **Oil, Gas & Consumable Fuels 0.2%** |
| Chesapeake Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1532111 |
| **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** | **Wireless Telecommunication Services 0.1%** |
| Intelsat Emergence SA (Luxembourg)\* | &nbsp;&nbsp;&nbsp;&nbsp;44309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1102186 |
| **Total Common Stocks<br> (cost $1,772,652)** | **Total Common Stocks<br> (cost $1,772,652)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4183714 |
| **Preferred Stock 0.4%** | **Preferred Stock 0.4%** | **Preferred Stock 0.4%** |
| **Gas Utilities** | **Gas Utilities** | **Gas Utilities** |
| Ferrellgas Escrow LLC, 8.956%, Maturing 03/30/31 (original cost $3,925,000; purchased 03/29/21)^(f)<br> (cost $3,807,250) | 3925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3925000 |

---

------

### PGIM Strategic Bond Fund

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

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Units** | &nbsp;&nbsp;**Value** |
| **Rights\* 0.0%** | **Rights\* 0.0%** | **Rights\* 0.0%** |
| **Wireless Telecommunication Services** | **Wireless Telecommunication Services** | **Wireless Telecommunication Services** |
| Intelsat Jackson Holdings SA, Series A (Luxembourg), CVR, expiring 12/05/25^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4639 | &nbsp;&nbsp; $44213 |
| Intelsat Jackson Holdings SA, Series B (Luxembourg), CVR, expiring 12/05/25^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9183 |
| **Total Rights<br> (cost $0)** | **Total Rights<br> (cost $0)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53396 |
| **Warrants\* 0.0%** | **Warrants\* 0.0%** | **Warrants\* 0.0%** |
| **Chemicals** | **Chemicals** | **Chemicals** |
| TPC Group, Inc., expiring 08/01/24^<br> (cost $0) | 1488709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149 |
| **Total Long-Term Investments<br> (cost $1,342,583,535)** | **Total Long-Term Investments<br> (cost $1,342,583,535)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1171955525 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investments 14.2%** | **Short-Term Investments 14.2%** | **Short-Term Investments 14.2%** |
| **Affiliated Mutual Fund 7.1%** |  |  |
| PGIM Institutional Money Market Fund<br> (cost $74,732,797; includes $74,470,522 of cash collateral for securities on loan)(b)(we) | &nbsp;&nbsp;74813444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74761075 |
| **Unaffiliated Fund 7.1%** |  |  |
| Dreyfus Government Cash Management (Institutional Shares)<br> (cost $75,278,606) | 75278606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75278606 |
| **Total Short-Term Investments<br> (cost $150,011,403)** | **Total Short-Term Investments<br> (cost $150,011,403)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150039681 |
| **TOTAL INVESTMENTS, BEFORE OPTIONS WRITTEN 125.6%<br> (cost $1,492,594,938)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1321995206 |
| **Options Written\*~ (0.0)%** | **Options Written\*~ (0.0)%** | **Options Written\*~ (0.0)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;(premiums received $32,238) | &nbsp;&nbsp;&nbsp;&nbsp;(premiums received $32,238) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1392) |
| **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 125.6%<br> (cost $1,492,562,700)** | **TOTAL INVESTMENTS, NET OF OPTIONS WRITTEN 125.6%<br> (cost $1,492,562,700)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1321993814 |
| Liabilities in excess of other assets(z) (25.6)% | Liabilities in excess of other assets(z) (25.6)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(269662384) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $1052331430 |

---

------

### PGIM Strategic Bond Fund

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

------

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

---

| |
|:---|
| BRL—Brazilian Real |
| CHF—Swiss Franc |
| CLP—Chilean Peso |
| CNH—Chinese Renminbi |
| COP—Colombian Peso |
| CZK—Czech Koruna |
| EUR—Euro |
| GBP—British Pound |
| HUF—Hungarian Forint |
| IDR—Indonesian Rupiah |
| ILS—Israeli Shekel |
| INR—Indian Rupee |
| KRW—South Korean Won |
| MXN—Mexican Peso |
| PEN—Peruvian Nuevo Sol |
| PHP—Philippine Peso |
| PLN—Polish Zloty |
| SGD—Singapore Dollar |
| THB—Thai Baht |
| TWD—New Taiwanese Dollar |
| USD—US Dollar |
| ZAR—South African Rand |

---

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| A—Annual payment frequency for swaps |
| BARC—Barclays Bank PLC |
| BNP—BNP Paribas S.A. |
| BOA—Bank of America, N.A. |
| CDX—Credit Derivative Index |
| CITI—Citibank, N.A. |
| CLO—Collateralized Loan Obligation |
| CSI—Credit Suisse International |
| CVR—Contingent Value Rights |
| DB—Deutsche Bank AG |
| DIP—Debtor-In-Possession |
| EMTN—Euro Medium Term Note |
| EURIBOR—Euro Interbank Offered Rate |
| FHLMC—Federal Home Loan Mortgage Corporation |
| GMTN—Global Medium Term Note |
| GSI—Goldman Sachs International |
| HSBC—HSBC Bank PLC |
| IO—Interest Only (Principal amount represents notional) |
| JPM—JPMorgan Chase Bank N.A. |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |
| M—Monthly payment frequency for swaps |
| MSI—Morgan Stanley & Co International PLC |

---

------

### PGIM Strategic Bond Fund

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

---

| |
|:---|
| MTN—Medium Term Note |
| OJSC—Open Joint-Stock Company |
| OTC—Over-the-counter |
| PIK—Payment-in-Kind |
| PJSC—Public Joint-Stock Company |
| Q—Quarterly payment frequency for swaps |
| REITs—Real Estate Investment Trust |
| REMIC—Real Estate Mortgage Investment Conduit |
| S—Semiannual payment frequency for swaps |
| SCB—Standard Chartered Bank |
| SOFR—Secured Overnight Financing Rate |
| SONIA—Sterling Overnight Index Average |
| STRIPs—Separate Trading of Registered Interest and Principal of Securities |
| T—Swap payment upon termination |
| TBA—To Be Announced |
| TD—The Toronto-Dominion Bank |
| 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. Excludes centrally cleared swaptions. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $23,026,662 and 2.2% of net assets. |
| (a) | All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $72,352,077; cash collateral of $74,470,522 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day. |
| (b) | Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2022. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
| (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 $20,158,546. The aggregate value of $14,128,475 is 1.3% 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. |
| (h) | Represents security, or a portion thereof, segregated as collateral for OTC derivatives. |
| (k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (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. |
| (tt) | All or partial principal amount represents "TBA" mortgage dollar rolls. The aggregate mortgage dollar roll principal amount of 38,000,000 is 3.6% of net assets. |
| (we) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Institutional Money Market Fund. |

---

------

### PGIM Strategic Bond Fund

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

(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** |
| CDX.NA.IG.38.V1, 06/20/27 | &nbsp;&nbsp;Put | GSI | &nbsp;&nbsp;01/18/23 | &nbsp;&nbsp;3.00% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.38. V1(Q) | &nbsp;&nbsp;53730 | &nbsp;&nbsp; $(166) |
| GS_21-PJ2A<sup>††</sup>^ | &nbsp;&nbsp;Put | GSI | &nbsp;&nbsp;11/15/24 | &nbsp;&nbsp;0.50% | &nbsp;&nbsp;0.50%(S) | &nbsp;&nbsp;GS_21-PJ2A(M) | &nbsp;&nbsp;23300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(429) |
| GS_21-PJA<sup>††</sup>^ | &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;44920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(797) |
| **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** | **Total Options Written (premiums received $32,238)** |  | $(1392) |

---

†† The value of the contracts, GS_21-PJA and GS_21-PJ2A, is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly.

#### Options Purchased :

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** |  |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| CDX.NA.HY.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;$99.50 | &nbsp;&nbsp;CDX.NA.HY.39. V1(Q) | &nbsp;&nbsp;5.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;17570 | &nbsp;&nbsp; $207650 | &nbsp;&nbsp; $(117395) |
| CDX.NA.IG.38.V1, 06/20/27 | &nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;0.93% | &nbsp;&nbsp;CDX.NA.IG.38. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(358320) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.00% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84875 | &nbsp;&nbsp;&nbsp;&nbsp;10087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(337900) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.03% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(289158) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.05% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(280685) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.00% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;90010 | &nbsp;&nbsp;&nbsp;&nbsp;48020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(389429) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.03% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp;33287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(319513) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.08% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;76320 | &nbsp;&nbsp;&nbsp;&nbsp;27129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(420001) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.10% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;76320 | &nbsp;&nbsp;&nbsp;&nbsp;24058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(403334) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.88% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87850 | &nbsp;&nbsp;&nbsp;&nbsp;177557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(85115) |

---

------

### PGIM Strategic Bond Fund

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

#### Options Purchased (continued):<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** |  |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.90% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;161990 | &nbsp;&nbsp; $287762 | &nbsp;&nbsp; $(279467) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.93% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87220 | &nbsp;&nbsp;&nbsp;&nbsp;136572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(186142) |
| **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | **Total Centrally Cleared Swaptions (cost $4,440,981)** | &nbsp;&nbsp;$974522 | $(3466459) |

---

#### Options Written :

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| CDX.NA.HY.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 02/15/23 | &nbsp;&nbsp;$101.50 | &nbsp;&nbsp;CDX.NA.HY.39. V1(Q) | &nbsp;&nbsp;5.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;17570 | &nbsp;&nbsp; $(217420) | &nbsp;&nbsp;&nbsp;&nbsp; $(50505) |
| CDX.NA.IG.38.V1, 06/20/27 | &nbsp;&nbsp;Call | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;0.83% | &nbsp;&nbsp;CDX.NA.IG.38. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(486149) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(300297) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;0.90% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(523565) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(369941) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;0.93% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;156875 | &nbsp;&nbsp;&nbsp;&nbsp;(1130342) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(763846) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.90% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(445979) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(294779) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.93% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;90010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(640273) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(388245) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.95% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;152640 | &nbsp;&nbsp;&nbsp;&nbsp;(1230317) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(834111) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.78% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(230014) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82865) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.80% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;161990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(525252) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(169518) |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;Call | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;0.83% | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(342308) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(139086) |
| CDX.NA.HY.38.V2, 06/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;$91.00 | &nbsp;&nbsp;5.00%(Q) | &nbsp;&nbsp;CDX.NA.HY.38. V2(Q) | &nbsp;&nbsp;&nbsp;&nbsp;16440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3387) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216071 |
| CDX.NA.HY.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;$95.00 | &nbsp;&nbsp;5.00%(Q) | &nbsp;&nbsp;CDX.NA.HY.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;17570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75681) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58729 |
| CDX.NA.IG.38.V1, 06/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.20% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165773 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.25% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4562) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138452 |

---

------

### PGIM Strategic Bond Fund

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

#### Options Written (continued):<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** | **Centrally Cleared Swaptions** |
| **Description** | &nbsp;&nbsp;**Call/<br> Put** | **Expiration<br> Date** | &nbsp;&nbsp;**Strike** | &nbsp;&nbsp;**Receive** | &nbsp;&nbsp;**Pay** | &nbsp;&nbsp;**Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.28% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp; $(3663) | &nbsp;&nbsp;&nbsp; $119457 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.30% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;84875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4088) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123224 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 12/21/22 | &nbsp;&nbsp;&nbsp;&nbsp;1.50% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;81490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2554) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228189 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.30% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;72000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10816) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158384 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.33% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;90010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12572) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;162948 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.35% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;76320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9945) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222173 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 01/18/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.40% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;76320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8716) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185900 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.10% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62323) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33433 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.15% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;161990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94416) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128158 |
| CDX.NA.IG.39.V1, 12/20/27 | &nbsp;&nbsp;&nbsp;Put | 02/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;1.18% | &nbsp;&nbsp;1.00%(Q) | &nbsp;&nbsp;CDX.NA.IG.39. V1(Q) | &nbsp;&nbsp;&nbsp;&nbsp;87220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46300) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83658 |
| **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | **Total Centrally Cleared Swaptions (premiums received $4,745,116)** | &nbsp;&nbsp;$(6113760) | $(1368644) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Long Positions:** | **Long Positions:** | **Long Positions:** | **Long Positions:** | **Long Positions:** |
| 568 | 2 Year U.S. Treasury Notes | Mar. 2023 | $116644126 | &nbsp;&nbsp; $264375 |
| 1157 | 5 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;125615849 | &nbsp;&nbsp;&nbsp;&nbsp;560855 |
| 185 | 10 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;20997500 | &nbsp;&nbsp;&nbsp;&nbsp;110625 |
| 295 | 10 Year U.S. Ultra Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;35298594 | &nbsp;&nbsp;&nbsp;&nbsp;263859 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;1199714 |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 187 | 5 Year Euro-Bobl | Dec. 2022 | &nbsp;&nbsp;&nbsp;&nbsp;23356902 | &nbsp;&nbsp;&nbsp;&nbsp;551027 |
| 38 | 5 Year Euro-Bobl | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4702034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5961) |
| 84 | 10 Year Euro-Bund | Dec. 2022 | &nbsp;&nbsp;&nbsp;&nbsp;12314377 | &nbsp;&nbsp;&nbsp;&nbsp;414335 |
| 332 | 20 Year U.S. Treasury Bonds | Mar. 2023 | &nbsp;&nbsp;&nbsp;&nbsp;42164000 | &nbsp;&nbsp;&nbsp;&nbsp;(401341) |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** | **Futures contracts outstanding at November 30, 2022 (continued):** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** | **Short Positions (cont'd):** |
| 46 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2023 | &nbsp;&nbsp;&nbsp; $6268938 | &nbsp;&nbsp;&nbsp; $(25582) |
| 64 | Euro Schatz Index | Dec. 2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7111377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89200 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;621678 |
|  |  |  |  | $1821392 |

---

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |
| Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, |
| &nbsp;&nbsp;Expiring 12/02/22 | CITI | BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6339 | &nbsp;&nbsp;&nbsp; $1176571 | &nbsp;&nbsp;&nbsp; $1221089 | &nbsp;&nbsp;&nbsp;&nbsp; $44518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;Expiring 02/02/23 | CITI | BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 01/19/23 | TD | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2062562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | CLP | &nbsp;&nbsp;&nbsp;1265084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1297539 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1415818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | CLP | &nbsp;&nbsp;&nbsp;&nbsp;928598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | CLP | &nbsp;&nbsp;&nbsp;1538121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1721387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | CLP | &nbsp;&nbsp;&nbsp;2040593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2283727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | CLP | &nbsp;&nbsp;&nbsp;1673803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1826000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1873234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, |
| &nbsp;&nbsp;Expiring 02/23/23 | BOA | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4864000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4938491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 02/23/23 | JPM | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3473000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3561350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 02/23/23 | TD | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4246201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Colombian Peso, | Colombian Peso, | Colombian Peso, | Colombian Peso, | Colombian Peso, | Colombian Peso, | Colombian Peso, | Colombian Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | COP | &nbsp;&nbsp;&nbsp;6456788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1306447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332764 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | COP | &nbsp;&nbsp;&nbsp;4984643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1028895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66441) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | COP | &nbsp;&nbsp;&nbsp;7818280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1754000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(140206) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | COP | &nbsp;&nbsp;&nbsp;8420977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1711000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1738198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | UAG | COP | &nbsp;&nbsp;&nbsp;9744006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1998000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2011289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 03/15/23 | BARC | COP | 10997269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2233003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 03/15/23 | BARC | COP | 10933583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2196000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2220072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 01/19/23 | BOA | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3469000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3485602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | GSI | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3457507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3674615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | HSBC | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1255164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | JPM | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1123000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1120240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2760) |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), | Euro (cont'd.), |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14464 | $14344439 | $15112578 | &nbsp;&nbsp;&nbsp;&nbsp; $768139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2351300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2452948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1952662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | HUF | &nbsp;&nbsp;&nbsp;2259110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5211327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5708227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | BARC | HUF | &nbsp;&nbsp;&nbsp;&nbsp;492195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1134720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1233888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | GSI | HUF | &nbsp;&nbsp;&nbsp;&nbsp;651014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1513000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1632032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | HUF | &nbsp;&nbsp;&nbsp;4030620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9177039 | &nbsp;&nbsp;&nbsp;&nbsp;10104399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | HUF | &nbsp;&nbsp;&nbsp;3229243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7070818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8095419 | &nbsp;&nbsp;&nbsp;&nbsp;1024601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | INR | &nbsp;&nbsp;&nbsp;&nbsp;247518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3038000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3041852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | INR | &nbsp;&nbsp;&nbsp;&nbsp;222047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2730000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2728831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1169) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | INR | &nbsp;&nbsp;&nbsp;&nbsp;181155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2218000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2226291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | INR | &nbsp;&nbsp;&nbsp;&nbsp;168865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2032000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2075256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | INR | &nbsp;&nbsp;&nbsp;&nbsp;179621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2192000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2207440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | TD | INR | &nbsp;&nbsp;&nbsp;1510643 | &nbsp;&nbsp;&nbsp;&nbsp;18919696 | &nbsp;&nbsp;&nbsp;&nbsp;18564921 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(354775) |
| &nbsp;&nbsp;Expiring 03/15/23 | HSBC | INR | &nbsp;&nbsp;&nbsp;&nbsp;217142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2631000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2651746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | IDR | 48974172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3211000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3130273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80727) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 57528152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3677017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(106983) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 51870152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3315375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(88625) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 37004575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2399000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2365215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33785) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 22217058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1438298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1420044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18254) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 11387055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5878) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | IDR | 29289408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1872086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18468) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | IDR | 44918168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2944000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2871027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72973) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | IDR | 31238452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2030000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1996663 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33337) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | IDR | 11172153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;745606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;714089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31517) |
| Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2081000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2159552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1989000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2035604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2177000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2255855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2104000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2170316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2172000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2256078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2048000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2118007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2088489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | MXN | &nbsp;&nbsp;&nbsp;&nbsp;399086 | &nbsp;&nbsp;&nbsp;&nbsp;19475702 | &nbsp;&nbsp;&nbsp;&nbsp;20608065 | &nbsp;&nbsp;&nbsp;&nbsp;1132363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), | Mexican Peso (cont'd.), |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49646 | &nbsp;&nbsp;&nbsp; $2541000 | &nbsp;&nbsp;&nbsp; $2563650 | &nbsp;&nbsp;&nbsp;&nbsp; $22650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1382792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2210045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2813206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3174000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3268057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2705000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2794370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2629000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2692445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3141000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3259040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2404000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2463133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6931 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1803722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BNP | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225524 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1255037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1690122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1574000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1632426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | PHP | &nbsp;&nbsp;&nbsp;&nbsp;115700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2051503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;115614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1943000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2049980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | PHP | &nbsp;&nbsp;&nbsp;&nbsp;134060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2377048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | PHP | &nbsp;&nbsp;&nbsp;&nbsp;127275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2153000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2256738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;917757 | &nbsp;&nbsp;&nbsp;&nbsp;16230552 | &nbsp;&nbsp;&nbsp;&nbsp;16272917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Polish Zloty, | Polish Zloty, | Polish Zloty, | Polish Zloty, | Polish Zloty, | Polish Zloty, | Polish Zloty, | Polish Zloty, |
| &nbsp;&nbsp;Expiring 01/19/23 | DB | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1931542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | HSBC | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4031898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | JPM | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2207000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2472646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | JPM | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1666000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1846271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | JPM | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1810573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1993000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2233648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3012000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3026861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2859000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2940396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2226000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2339379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2167745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3437154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2857000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3013960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2288000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2396067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2513000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2534042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | TD | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2217742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | UAG | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33435 | &nbsp;&nbsp;&nbsp; $1882000 | &nbsp;&nbsp;&nbsp; $1931357 | &nbsp;&nbsp;&nbsp;&nbsp; $49357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1645128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2822000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2872635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;196908 | &nbsp;&nbsp;&nbsp;&nbsp;11273201 | &nbsp;&nbsp;&nbsp;&nbsp;11374227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1829000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1886066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 03/15/23 | HSBC | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2204000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2204995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | KRW | &nbsp;&nbsp;&nbsp;2700022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1944000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | KRW | &nbsp;&nbsp;&nbsp;3225490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2322000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2472848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | KRW | &nbsp;&nbsp;&nbsp;3158607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2346000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2421572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | KRW | &nbsp;&nbsp;&nbsp;3023861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2229000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2318268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | KRW | &nbsp;&nbsp;&nbsp;2653876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2034615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | KRW | &nbsp;&nbsp;&nbsp;3213177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2463408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | KRW | &nbsp;&nbsp;&nbsp;3122161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2241000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2393630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | KRW | &nbsp;&nbsp;&nbsp;5083071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3896977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | KRW | &nbsp;&nbsp;&nbsp;3267765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2505259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | KRW | &nbsp;&nbsp;&nbsp;3126354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2396845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 03/15/23 | UAG | KRW | &nbsp;&nbsp;&nbsp;2835043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2180647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;621570 | &nbsp;&nbsp;&nbsp;&nbsp;17573380 | &nbsp;&nbsp;&nbsp;&nbsp;17666198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;123462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3258000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3509019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;110298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2915000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3134869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2378578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;103346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2828000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2937299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;100250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2849283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74283 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2487519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | THB | &nbsp;&nbsp;&nbsp;&nbsp;103318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2781000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2936485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;112403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3194709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1513000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1576722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | THB | &nbsp;&nbsp;&nbsp;&nbsp;113279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3031000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3219595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 03/15/23 | DB | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2375044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4956) |
| &nbsp;&nbsp;Expiring 03/15/23 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;167702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4827000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4807470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19530) |
|  |  |  |  | $375900949 | $388217335 | &nbsp;&nbsp;&nbsp;13396770 | &nbsp;&nbsp;&nbsp;(1080384) |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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:** |
| Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, | Brazilian Real, |
| &nbsp;&nbsp;Expiring 12/02/22 | CITI | BRL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6339 | &nbsp;&nbsp;&nbsp; $1189374 | &nbsp;&nbsp;&nbsp; $1221089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(31715) |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 01/19/23 | TD | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28349 | &nbsp;&nbsp;&nbsp;&nbsp;31570641 | &nbsp;&nbsp;&nbsp;&nbsp;34227196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2656555) |
| Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, | Chilean Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | BNP | CLP | &nbsp;&nbsp;&nbsp;1737669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1944710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(114710) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | CLP | &nbsp;&nbsp;&nbsp;1581373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1769792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45792) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | CLP | &nbsp;&nbsp;&nbsp;1550848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1587000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1735630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(148630) |
| &nbsp;&nbsp;Expiring 12/21/22 | TD | CLP | &nbsp;&nbsp;&nbsp;1719649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1924544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27544) |
| &nbsp;&nbsp;Expiring 12/21/22 | UAG | CLP | &nbsp;&nbsp;&nbsp;1974596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2177231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2209867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32636) |
| &nbsp;&nbsp;Expiring 12/21/22 | UAG | CLP | &nbsp;&nbsp;&nbsp;1684012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1703000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1884659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(181659) |
| Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, | Chinese Renminbi, |
| &nbsp;&nbsp;Expiring 02/23/23 | CITI | CNH | &nbsp;&nbsp;&nbsp;&nbsp;249572 | &nbsp;&nbsp;&nbsp;&nbsp;35763042 | &nbsp;&nbsp;&nbsp;&nbsp;35658984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Czech Koruna, | Czech Koruna, | Czech Koruna, | Czech Koruna, | Czech Koruna, | Czech Koruna, | Czech Koruna, | Czech Koruna, |
| &nbsp;&nbsp;Expiring 01/19/23 | BARC | CZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1931000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2096220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(165220) |
| &nbsp;&nbsp;Expiring 01/19/23 | BOA | CZK | &nbsp;&nbsp;&nbsp;&nbsp;205480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8072433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8761575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(689142) |
| &nbsp;&nbsp;Expiring 01/19/23 | GSI | CZK | &nbsp;&nbsp;&nbsp;&nbsp;264739 | &nbsp;&nbsp;&nbsp;&nbsp;10407315 | &nbsp;&nbsp;&nbsp;&nbsp;11288375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(881060) |
| &nbsp;&nbsp;Expiring 01/19/23 | HSBC | CZK | &nbsp;&nbsp;&nbsp;&nbsp;247665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9725937 | &nbsp;&nbsp;&nbsp;&nbsp;10560357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(834420) |
| &nbsp;&nbsp;Expiring 01/19/23 | HSBC | CZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1663186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(130186) |
| &nbsp;&nbsp;Expiring 01/19/23 | MSI | CZK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(158822) |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 01/19/23 | BNP | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92666 | &nbsp;&nbsp;&nbsp;&nbsp;91010783 | &nbsp;&nbsp;&nbsp;&nbsp;96824632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(5813849) |
| &nbsp;&nbsp;Expiring 01/19/23 | SCB | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63338 | &nbsp;&nbsp;&nbsp;&nbsp;61650869 | &nbsp;&nbsp;&nbsp;&nbsp;66179798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(4528929) |
| Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, | Hungarian Forint, |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | HUF | &nbsp;&nbsp;&nbsp;&nbsp;524872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1234122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1326225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(92103) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | HUF | &nbsp;&nbsp;&nbsp;&nbsp;962751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2432639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(146743) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | HUF | &nbsp;&nbsp;&nbsp;&nbsp;771487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1861473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1949363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87890) |
| &nbsp;&nbsp;Expiring 01/19/23 | GSI | HUF | &nbsp;&nbsp;&nbsp;&nbsp;902070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2261407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(153521) |
| Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, | Indian Rupee, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | INR | &nbsp;&nbsp;&nbsp;&nbsp;223571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2692000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2747552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55552) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | INR | &nbsp;&nbsp;&nbsp;&nbsp;185414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2278630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24630) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | INR | &nbsp;&nbsp;&nbsp;&nbsp;296125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3587000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3639201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52201) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | INR | &nbsp;&nbsp;&nbsp;&nbsp;203220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2533000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2497456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | INR | &nbsp;&nbsp;&nbsp;&nbsp;197695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2426000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2429553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3553) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | INR | &nbsp;&nbsp;&nbsp;&nbsp;139528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1673430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1714712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41282) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | INR | &nbsp;&nbsp;&nbsp;&nbsp;217519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2613000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2673184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60184) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | INR | &nbsp;&nbsp;&nbsp;&nbsp;193044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2343000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2372404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29404) |
| Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, | Indonesian Rupiah, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | IDR | 34766824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6185) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 39088417 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2498407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3407) |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), | Indonesian Rupiah (cont'd.), |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | IDR | 26523335 | &nbsp;&nbsp;&nbsp; $1691000 | &nbsp;&nbsp;&nbsp; $1695287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4287) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | IDR | 36389795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2325920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2920) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | IDR | 25459910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1631000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1627317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | IDR | 40227802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2571233 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | IDR | 33132425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2095000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2117719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22719) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | IDR | 32105762 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2047000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2052098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5098) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | IDR | 46008236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2934000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2940700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6700) |
| Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, | Israeli Shekel, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3084000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3174863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90863) |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2211973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16973) |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3012000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3151188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(139188) |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2290784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(36784) |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1771000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1774828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3828) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2688878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2689168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(290) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2502062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(97062) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;927000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30777) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2575) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1820021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ILS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1687000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1759217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(72217) |
| Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, | Mexican Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1853835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94835) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3851000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4109687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(258687) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2675216 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(140216) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2473662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(143662) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1777000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1862471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(85471) |
| &nbsp;&nbsp;Expiring 03/15/23 | JPM | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1608000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1616383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8383) |
| New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, | New Taiwanese Dollar, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1208000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1215477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7477) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;158618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5193603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73603) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | TWD | &nbsp;&nbsp;&nbsp;&nbsp;130938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4186000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4287294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(101294) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | TWD | &nbsp;&nbsp;&nbsp;&nbsp;556813 | &nbsp;&nbsp;&nbsp;&nbsp;18166826 | &nbsp;&nbsp;&nbsp;&nbsp;18231688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64862) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | TWD | &nbsp;&nbsp;&nbsp;&nbsp;131772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4314595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(150595) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | TWD | &nbsp;&nbsp;&nbsp;&nbsp;109583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13080) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2310479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33479) |
| &nbsp;&nbsp;Expiring 03/15/23 | CITI | TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2690991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32991) |
| &nbsp;&nbsp;Expiring 03/15/23 | GSI | TWD | &nbsp;&nbsp;&nbsp;&nbsp;103795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3366000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3453268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87268) |
| Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, | Peruvian Nuevo Sol, |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1204898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1229713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24815) |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), | Peruvian Nuevo Sol (cont'd.), |
| &nbsp;&nbsp;Expiring 12/21/22 | BARC | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2923 | &nbsp;&nbsp;&nbsp;&nbsp; $740439 | &nbsp;&nbsp;&nbsp;&nbsp; $760594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(20155) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | PEN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2149000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2227036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78036) |
| Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, | Philippine Peso, |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;143885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2551251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46251) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;120074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2058000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(71055) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | PHP | &nbsp;&nbsp;&nbsp;&nbsp;149109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2594783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2643884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49101) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | PHP | &nbsp;&nbsp;&nbsp;&nbsp;137382 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2435944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60944) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | PHP | &nbsp;&nbsp;&nbsp;&nbsp;191469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3327000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3394971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67971) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | PHP | &nbsp;&nbsp;&nbsp;&nbsp;150808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2674010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(121010) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | PHP | &nbsp;&nbsp;&nbsp;&nbsp;145914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2502000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2587231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(85231) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;118624 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2042000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2103342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(61342) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | PHP | &nbsp;&nbsp;&nbsp;&nbsp;128606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2216000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2280330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64330) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | PHP | &nbsp;&nbsp;&nbsp;&nbsp;124536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2208166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(92166) |
| &nbsp;&nbsp;Expiring 03/15/23 | MSI | PHP | &nbsp;&nbsp;&nbsp;&nbsp;917757 | &nbsp;&nbsp;&nbsp;&nbsp;16177624 | &nbsp;&nbsp;&nbsp;&nbsp;16219146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41522) |
| &nbsp;&nbsp;Expiring 03/15/23 | SCB | PHP | &nbsp;&nbsp;&nbsp;&nbsp;192867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3396000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3408467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12467) |
| Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, | Singapore Dollar, |
| &nbsp;&nbsp;Expiring 12/21/22 | BNP | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1452088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49254) |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3281000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3415343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(134343) |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100547) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3210115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(146115) |
| &nbsp;&nbsp;Expiring 12/21/22 | CITI | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2435196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(81196) |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1741000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1831799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90799) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2316856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(76856) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2136852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21852) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2313000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60590) |
| &nbsp;&nbsp;Expiring 12/21/22 | SCB | SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2637002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(97002) |
| South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, | South African Rand, |
| &nbsp;&nbsp;Expiring 12/21/22 | DB | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2526000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2681648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(155648) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1689290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64290) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | ZAR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2031000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2053060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22060) |
| South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, | South Korean Won, |
| &nbsp;&nbsp;Expiring 12/21/22 | BOA | KRW | &nbsp;&nbsp;&nbsp;3125461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2396160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(190160) |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | KRW | &nbsp;&nbsp;&nbsp;5878618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4506890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(392890) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | KRW | 23879474 | &nbsp;&nbsp;&nbsp;&nbsp;17303841 | &nbsp;&nbsp;&nbsp;&nbsp;18307391 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1003550) |
| &nbsp;&nbsp;Expiring 12/21/22 | MSI | KRW | &nbsp;&nbsp;&nbsp;2777443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(154349) |
| Swiss Franc, | Swiss Franc, | Swiss Franc, | Swiss Franc, | Swiss Franc, | Swiss Franc, | Swiss Franc, | Swiss Franc, |
| &nbsp;&nbsp;Expiring 01/19/23 | CITI | CHF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(38850) |
| Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, | Thai Baht, |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;125487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3464000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3566572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(102572) |

---

------

### PGIM Strategic Bond Fund

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

#### Forward foreign currency exchange contracts outstanding at November 30, 2022 (continued):<br>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** | **OTC Forward Foreign Currency Exchange Contracts (cont'd.):** |
| Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), | Thai Baht (cont'd.), |
| &nbsp;&nbsp;Expiring 12/21/22 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83844 | &nbsp;&nbsp;&nbsp; $2315000 | &nbsp;&nbsp;&nbsp; $2382990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(67990) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;138610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3836000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3939557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(103557) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1831000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1890578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59578) |
| &nbsp;&nbsp;Expiring 12/21/22 | HSBC | THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66132) |
| &nbsp;&nbsp;Expiring 12/21/22 | JPM | THB | &nbsp;&nbsp;&nbsp;1227144 | &nbsp;&nbsp;&nbsp;&nbsp;33681282 | &nbsp;&nbsp;&nbsp;&nbsp;34877729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1196447) |
| &nbsp;&nbsp;Expiring 03/15/23 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;621570 | &nbsp;&nbsp;&nbsp;&nbsp;17733823 | &nbsp;&nbsp;&nbsp;&nbsp;17818394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(84571) |
| &nbsp;&nbsp;Expiring 03/15/23 | GSI | THB | &nbsp;&nbsp;&nbsp;&nbsp;126373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3622698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100698) |
| &nbsp;&nbsp;Expiring 03/15/23 | SCB | THB | &nbsp;&nbsp;&nbsp;&nbsp;109235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3051000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3131409 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(80409) |
|  |  |  |  | $570398038 | $594907633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154814 | &nbsp;&nbsp;&nbsp;(24664409) |
|  |  |  |  |  |  | $13551584 | $(25744793) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** | **Cross currency exchange contracts outstanding at November 30, 2022:** |
| **Settlement** | **Type** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **In Exchange<br> For (000)** | **In Exchange<br> For (000)** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** | **Counterparty** |
| **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** | **OTC Cross Currency Exchange Contracts:** |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;23955 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(95) | GSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;24252 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1089) | MSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;28842 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1145) | MSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;47738 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1395) | GSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;51451 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2078 | &nbsp;&nbsp;&nbsp;&nbsp;23139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | GSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;52074 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp;&nbsp;26165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;52942 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2137 | &nbsp;&nbsp;&nbsp;&nbsp;24305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;53055 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2141 | &nbsp;&nbsp;&nbsp;&nbsp;25576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;53399 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2160 | &nbsp;&nbsp;&nbsp;&nbsp;19777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | HSBC |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;54777 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;17713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | DB |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;55111 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | HSBC |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;62493 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2526 | &nbsp;&nbsp;&nbsp;&nbsp;25547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
| 01/19/23 | Buy | CZK | &nbsp;&nbsp;&nbsp;67094 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | HSBC |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686 | HUF | &nbsp;&nbsp;&nbsp;282680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | GSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918 | HUF | &nbsp;&nbsp;&nbsp;375919 | &nbsp;&nbsp;&nbsp;&nbsp;17029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1080 | HUF | &nbsp;&nbsp;&nbsp;441505 | &nbsp;&nbsp;&nbsp;&nbsp;21737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1204 | HUF | &nbsp;&nbsp;&nbsp;501445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BARC |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1723 | HUF | &nbsp;&nbsp;&nbsp;721988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(9384) | MSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1802 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(3206) | CITI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1827 | &nbsp;&nbsp;PLN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(12356) | JPM |

---

------

### PGIM Strategic Bond Fund

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** | **Cross currency exchange contracts outstanding at November 30, 2022 (continued):** |
| **Settlement** | **Type** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **In Exchange<br> For (000)** | **In Exchange<br> For (000)** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** | **Counterparty** |
| **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** | **OTC Cross Currency Exchange Contracts (cont'd.):** |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;1858 | HUF | &nbsp;&nbsp;&nbsp;763736 | $27245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | GSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;2448 | HUF | 1016255 | &nbsp;&nbsp;&nbsp;&nbsp;10297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | EUR | &nbsp;&nbsp;&nbsp;&nbsp;2477 | CZK | &nbsp;&nbsp;&nbsp;&nbsp;60668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | HSBC |
| 01/19/23 | Buy | GBP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | HSBC |
| 01/19/23 | Buy | HUF | 651932 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1540 | &nbsp;&nbsp;&nbsp;&nbsp;24914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
| 01/19/23 | Buy | HUF | 907527 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2133 | &nbsp;&nbsp;&nbsp;&nbsp;45952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | PLN | &nbsp;&nbsp;&nbsp;&nbsp;7783 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1599 | &nbsp;&nbsp;&nbsp;&nbsp;46925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
| 01/19/23 | Buy | PLN | &nbsp;&nbsp;&nbsp;&nbsp;7790 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625 | &nbsp;&nbsp;&nbsp;&nbsp;20529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | MSI |
| 01/19/23 | Buy | PLN | &nbsp;&nbsp;&nbsp;&nbsp;8777 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1822 | &nbsp;&nbsp;&nbsp;&nbsp;32549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | BOA |
|  |  |  |  |  |  | $431809 | $(28670) |  |

---

#### Credit default swap agreements outstanding at November 30, 2022:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*:** |
| Arab Republic of Egypt | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp; $496492 | &nbsp;&nbsp;&nbsp;&nbsp; $54 | &nbsp;&nbsp; $496438 | MSI |
| Emirate of Abu Dhabi | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52542) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(52596) | MSI |
| Federation of Malaysia | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40717) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40797) | MSI |
| Federative Republic of Brazil | 12/20/27 | 1.000%(Q) | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;741554 | &nbsp;&nbsp;&nbsp;&nbsp;321 | &nbsp;&nbsp;&nbsp;&nbsp;741233 | MSI |
| Kingdom of Saudi Arabia | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40792) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40846) | MSI |
| People's Republic of China | 12/20/27 | 1.000%(Q) | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;(141083) | &nbsp;&nbsp;&nbsp;&nbsp;321 | &nbsp;&nbsp;&nbsp;&nbsp;(141404) | MSI |
| Republic of Argentina | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;1457267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;1457213 | MSI |
| Republic of Chile | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12402 | MSI |
| Republic of Colombia | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;468401 | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;468241 | MSI |
| Republic of Indonesia | 12/20/27 | 1.000%(Q) | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(53905) | &nbsp;&nbsp;&nbsp;&nbsp;267 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54172) | MSI |
| Republic of Panama | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10451 | MSI |
| Republic of Peru | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13731 | MSI |
| Republic of Philippines | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12531) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12585) | MSI |
| Republic of South Africa | 12/20/27 | 1.000%(Q) | 11000 | &nbsp;&nbsp;&nbsp;&nbsp;659417 | &nbsp;&nbsp;&nbsp;&nbsp;294 | &nbsp;&nbsp;&nbsp;&nbsp;659123 | MSI |
| Republic of Turkey | 12/20/27 | 1.000%(Q) | 12000 | &nbsp;&nbsp;&nbsp;1982998 | &nbsp;&nbsp;&nbsp;&nbsp;321 | &nbsp;&nbsp;&nbsp;1982677 | MSI |
| State of Qatar | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51884) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51938) | MSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 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 Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** | **OTC Packaged Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1)\*\*(cont'd.):** |
| Sultanate of Oman | 12/20/27 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp; $52855 | &nbsp;&nbsp;&nbsp;&nbsp; $54 | &nbsp;&nbsp;&nbsp;&nbsp; $52801 | MSI |
| United Mexican States | 12/20/27 | 1.000%(Q) | 12000 | &nbsp;&nbsp;&nbsp;&nbsp;127851 | &nbsp;&nbsp;&nbsp;&nbsp;321 | &nbsp;&nbsp;&nbsp;&nbsp;127530 | MSI |
|  |  |  |  | $5630179 | $2677 | $5627502 |  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<br> 2022(4)** | **Fair<br> Value** | **Upfront<br> Premiums<br> Paid<br> (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)** | **Counterparty** |
| **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** | **OTC Packaged Credit Default Swap Agreement on credit indices— Sell Protection(2)\*\*:** |
| CDX.EM.38.V1 | 12/20/27 | 1.000%(Q) | 100000 | 2.254% | $(5198998) | $(12304) | $(5186694) | MSI |

---

\*\* The Fund entered into multiple credit default swap agreements in a packaged trade consisting of two parts. The Fund bought/sold protection on an Emerging Market CDX Index and bought/sold protection on the countries which comprise the index. The upfront premium is attached to the index of the trade for the Emerging Markets CDX package(s). Each swap is priced individually. If any of the component swaps are closed out early, the Index exposure will be reduced by an amount proportionate to the terminated swap(s).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<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)^:** |
| COMM Mortgage Trust | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1219 | 1.500% | $1309 | &nbsp;&nbsp;&nbsp;&nbsp; $(39) | $1348 | GSI |
| Deutsche Alt-A Securities, Inc. Mortgage Loan Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;413 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;5249 | 4.670% | &nbsp;&nbsp;&nbsp;&nbsp;5633 | &nbsp;&nbsp;&nbsp;&nbsp;(169) | &nbsp;&nbsp;&nbsp;&nbsp;5802 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;3954 | \* | &nbsp;&nbsp;&nbsp;&nbsp;4243 | &nbsp;&nbsp;&nbsp;&nbsp;(127) | &nbsp;&nbsp;&nbsp;&nbsp;4370 | GSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 2022: (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<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.):** |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1844 | \* | $1979 | &nbsp;&nbsp;&nbsp;&nbsp; $(59) | $2038 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1543 | 4.670% | &nbsp;&nbsp;&nbsp;&nbsp;1656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50) | &nbsp;&nbsp;&nbsp;&nbsp;1706 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1089 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35) | &nbsp;&nbsp;&nbsp;&nbsp;1204 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;&nbsp;914 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29) | &nbsp;&nbsp;&nbsp;&nbsp;1010 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;&nbsp;406 | 4.670% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449 | GSI |
| Federal Home Loan Mortgage Corp. | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;&nbsp;307 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340 | GSI |
| GreenPoint Mortgage Funding Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;835 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370 | GSI |
| GS Mortgage Backed Securities | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;566 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | GSI |
| GS Mortgage Backed Securities | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;466 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206 | GSI |
| GS Mortgage Securities Corporation Trust | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;&nbsp;407 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;450 | GSI |
| GS_21-PJ2A | 12/14/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;8855 | 0.500% | &nbsp;&nbsp;&nbsp;&nbsp;5774 | &nbsp;&nbsp;&nbsp;&nbsp;(114) | &nbsp;&nbsp;&nbsp;&nbsp;5888 | GSI |
| GS_21-PJA<sup>††</sup> | 12/14/22 | 0.250%(M) | 17071 | \* | &nbsp;&nbsp;&nbsp;&nbsp;5566 | &nbsp;&nbsp;&nbsp;&nbsp;(110) | &nbsp;&nbsp;&nbsp;&nbsp;5676 | GSI |
| Home Re Ltd. | 12/29/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;2196 | \* | &nbsp;&nbsp;&nbsp;&nbsp;2356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74) | &nbsp;&nbsp;&nbsp;&nbsp;2430 | GSI |
| JPMorgan Alternative Loan Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;7761 | \* | &nbsp;&nbsp;&nbsp;&nbsp;3330 | &nbsp;&nbsp;&nbsp;&nbsp;(104) | &nbsp;&nbsp;&nbsp;&nbsp;3434 | GSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 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.):** |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;6476 \* | $2779 | &nbsp;&nbsp;&nbsp;&nbsp; $(87) | $2866 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;5098 \* | &nbsp;&nbsp;&nbsp;&nbsp;2188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68) | &nbsp;&nbsp;&nbsp;&nbsp;2256 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;4981 \* | &nbsp;&nbsp;&nbsp;&nbsp;2137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67) | &nbsp;&nbsp;&nbsp;&nbsp;2204 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;4321 \* | &nbsp;&nbsp;&nbsp;&nbsp;1854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58) | &nbsp;&nbsp;&nbsp;&nbsp;1912 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2042 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;1250 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553 | GSI |
| Legacy Mortgage Asset Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;1056 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467 | GSI |
| Lehman XS Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;7287 \* | &nbsp;&nbsp;&nbsp;&nbsp;3127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(98) | &nbsp;&nbsp;&nbsp;&nbsp;3225 | GSI |
| Lehman XS Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;5157 \* | &nbsp;&nbsp;&nbsp;&nbsp;2213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(69) | &nbsp;&nbsp;&nbsp;&nbsp;2282 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;9893 \* | &nbsp;&nbsp;&nbsp;&nbsp;4245 | &nbsp;&nbsp;&nbsp;&nbsp;(133) | &nbsp;&nbsp;&nbsp;&nbsp;4378 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;6362 \* | &nbsp;&nbsp;&nbsp;&nbsp;2730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(85) | &nbsp;&nbsp;&nbsp;&nbsp;2815 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;3414 \* | &nbsp;&nbsp;&nbsp;&nbsp;1465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46) | &nbsp;&nbsp;&nbsp;&nbsp;1511 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2775 \* | &nbsp;&nbsp;&nbsp;&nbsp;1191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37) | &nbsp;&nbsp;&nbsp;&nbsp;1228 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;1322 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 | GSI |
| Preston Ridge Partners Mortgage Trust | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;535 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237 | GSI |
| Pretium Mortgage Credit Partners LLC | 12/29/22 | 0.500%(M) | 19127 \* | &nbsp;&nbsp;&nbsp;&nbsp;8208 | &nbsp;&nbsp;&nbsp;&nbsp;(256) | &nbsp;&nbsp;&nbsp;&nbsp;8464 | GSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 2022: (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<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.):** |
| Pretium Mortgage Credit Partners LLC | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;3962 | \* | $1700 | &nbsp;&nbsp;&nbsp;&nbsp; $(53) | $1753 | GSI |
| Pretium Mortgage Credit Partners LLC | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;3496 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47) | &nbsp;&nbsp;&nbsp;&nbsp;1547 | GSI |
| Pretium Mortgage Credit Partners LLC | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2766 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37) | &nbsp;&nbsp;&nbsp;&nbsp;1224 | GSI |
| Pretium Mortgage Credit Partners LLC | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;472 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 | GSI |
| Residential Accredit Loans, Inc. | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;472 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 | GSI |
| SLG Office Trust | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1468 | 1.500% | &nbsp;&nbsp;&nbsp;&nbsp;1576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47) | &nbsp;&nbsp;&nbsp;&nbsp;1623 | GSI |
| Tharaldson Hotel Portfolio Trust | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;4920 | 4.670% | &nbsp;&nbsp;&nbsp;&nbsp;5278 | &nbsp;&nbsp;&nbsp;&nbsp;(159) | &nbsp;&nbsp;&nbsp;&nbsp;5437 | GSI |
| UBS-Barclays Commercial Mortgage Trust | 12/27/22 | 1.250%(M) | &nbsp;&nbsp;&nbsp;1440 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46) | &nbsp;&nbsp;&nbsp;&nbsp;1592 | GSI |
| VCAT Asset Securitization, LLC | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;4806 | \* | &nbsp;&nbsp;&nbsp;&nbsp;2063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64) | &nbsp;&nbsp;&nbsp;&nbsp;2127 | GSI |
| Vericrest Opportunity Loan Transferee | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2777 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37) | &nbsp;&nbsp;&nbsp;&nbsp;1229 | GSI |
| Vericrest Opportunity Loan Transferee | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2637 | \* | &nbsp;&nbsp;&nbsp;&nbsp;1132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35) | &nbsp;&nbsp;&nbsp;&nbsp;1167 | GSI |
| Vericrest Opportunity Loan Transferee | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;2089 | \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;924 | GSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 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 Transferee | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;721 \* | &nbsp;&nbsp;&nbsp;&nbsp; $309 | &nbsp;&nbsp;&nbsp;&nbsp; $(10) | &nbsp;&nbsp;&nbsp;&nbsp; $319 | GSI |
| Vericrest Opportunity Loan Transferee | 12/29/22 | 0.500%(M) | &nbsp;&nbsp;&nbsp;&nbsp;557 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247 | GSI |
|  |  |  |  | $90001 | $(2646) | $92647 |  |

---

†† The value of the contract, GS_21-PJA is derived from the aggregate credit performance of a pool of senior prime jumbo mortgages. The pool of prime jumbo mortgages is reset monthly.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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 corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Buy Protection(1):** |
| Gazprom PAO | 03/20/23 | 1.000%(Q) | 2175 | $363445 | &nbsp;&nbsp; $368288 | &nbsp;&nbsp;&nbsp; $(4843) | BARC |
| Gazprom PAO | 06/20/24 | 1.000%(Q) | 1515 | &nbsp;&nbsp;&nbsp;520496 | &nbsp;&nbsp;&nbsp;&nbsp;755293 | &nbsp;&nbsp;&nbsp;(234797) | BARC |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(198) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(223) | CITI |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(169) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222) | CITI |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(76) | CITI |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(57) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75) | CITI |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63) | CITI |
| United Mexican States | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32) | CITI |
| United Mexican States | 06/20/24 | 1.000%(Q) | 2340 | &nbsp;&nbsp;&nbsp;(19366) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773 | &nbsp;&nbsp;&nbsp;&nbsp;(20139) | BARC |
| United Mexican States | 12/20/24 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;(1647) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2168) | CITI |
|  |  |  |  | $862364 | $1125002 | $(262638) |  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<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 corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2):** |
| AT&T, Inc. | 06/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;2220 | &nbsp;&nbsp;&nbsp;0.661% | &nbsp;&nbsp;&nbsp;&nbsp; $8568 | &nbsp;&nbsp;&nbsp;&nbsp; $607 | &nbsp;&nbsp;&nbsp;&nbsp; $7961 | GSI |
| Boeing Co. | 06/20/24 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;4310 | &nbsp;&nbsp;&nbsp;0.954% | &nbsp;&nbsp;&nbsp;&nbsp;11605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2343 | GSI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 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> November 30,<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 corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
| Casino Guichard Perrachon SA | 06/20/24 | 5.000%(Q) | EUR | &nbsp;&nbsp;&nbsp;2860 | 20.758% | $(569035) | $31471 | $(600506) | GSI |
| Casino Guichard Perrachon SA | 06/20/24 | 5.000%(Q) | EUR | &nbsp;&nbsp;&nbsp;1520 | 20.758% | &nbsp;&nbsp;&nbsp;(302424) | &nbsp;&nbsp;&nbsp;&nbsp;17331 | &nbsp;&nbsp;&nbsp;(319755) | GSI |
| Electricite de France SA | 12/20/22 | 1.000%(Q) | EUR | &nbsp;&nbsp;&nbsp;5550 | &nbsp;&nbsp;&nbsp;0.575% | &nbsp;&nbsp;&nbsp;&nbsp;12907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5678 | GSI |
| EQT Corp. | 12/20/22 | 5.000%(Q) |  | &nbsp;&nbsp;&nbsp;2340 | &nbsp;&nbsp;&nbsp;0.702% | &nbsp;&nbsp;&nbsp;&nbsp;28927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4597 | &nbsp;&nbsp;&nbsp;&nbsp;24330 | CSI |
| General Motors Co. | 06/20/26 | 5.000%(Q) |  | &nbsp;&nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;1.595% | &nbsp;&nbsp;&nbsp;&nbsp;285434 | &nbsp;&nbsp;&nbsp;331261 | &nbsp;&nbsp;&nbsp;&nbsp;(45827) | GSI |
| Halliburton Co. | 12/20/26 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;2770 | &nbsp;&nbsp;&nbsp;0.739% | &nbsp;&nbsp;&nbsp;&nbsp;32356 | &nbsp;&nbsp;&nbsp;&nbsp;21535 | &nbsp;&nbsp;&nbsp;&nbsp;10821 | GSI |
| Host Hotels & Resorts LP | 06/20/24 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp;0.652% | &nbsp;&nbsp;&nbsp;&nbsp;10545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751 | GSI |
| International Bank for Reconstruction and Development | 06/20/23 | 0.250%(Q) |  | 10760 | &nbsp;&nbsp;&nbsp;0.127% | &nbsp;&nbsp;&nbsp;&nbsp;12687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6776 | BOA |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3735) | &nbsp;&nbsp;&nbsp;&nbsp;(5766) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2031 | BNP |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(170) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(184) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 | CITI |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(170) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(156) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14) | CITI |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | CITI |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(74) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 | CITI |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(68) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(62) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) | CITI |
| Petroleos Mexicanos | 06/20/23 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;2.611% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(31) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | CITI |
| Petroleos Mexicanos | 06/20/24 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;2340 | &nbsp;&nbsp;&nbsp;3.861% | &nbsp;&nbsp;&nbsp;&nbsp;(93260) | &nbsp;&nbsp;&nbsp;(68371) | &nbsp;&nbsp;&nbsp;&nbsp;(24889) | BARC |
| Petroleos Mexicanos | 12/20/24 | 1.000%(Q) |  | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;4.205% | &nbsp;&nbsp;&nbsp;&nbsp;(10521) | &nbsp;&nbsp;&nbsp;&nbsp;(6979) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3542) | CITI |

---

------

### PGIM Strategic Bond Fund

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

#### Credit default swap agreements outstanding at November 30, 2022: (continued)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied<br> Credit<br> Spread at<br> November 30,<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 corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** | **OTC Credit Default Swap Agreements on corporate and/or sovereign issues - Sell Protection(2)(cont'd.):** |
| Simon Property Group LP | 06/20/26 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;3820 | &nbsp;&nbsp;&nbsp;0.803% | &nbsp;&nbsp; $32356 | $31535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $821 | GSI |
| Targa Resources Partners LP | 06/20/23 | 5.000%(Q) | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;0.696% | &nbsp;&nbsp;&nbsp;&nbsp;90797 | &nbsp;&nbsp;&nbsp;&nbsp;52107 | &nbsp;&nbsp;&nbsp;&nbsp;38690 | MSI |
| Targa Resources Partners LP | 06/20/23 | 5.000%(Q) | &nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;0.696% | &nbsp;&nbsp;&nbsp;&nbsp;60531 | &nbsp;&nbsp;&nbsp;&nbsp;36345 | &nbsp;&nbsp;&nbsp;&nbsp;24186 | MSI |
| Verizon Communications, Inc. | 06/20/26 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;5130 | &nbsp;&nbsp;&nbsp;0.944% | &nbsp;&nbsp;&nbsp;&nbsp;19637 | &nbsp;&nbsp;&nbsp;&nbsp;76485 | &nbsp;&nbsp;&nbsp;&nbsp;(56848) | GSI |
| Wells Fargo & Co. | 12/20/23 | 1.000%(Q) | &nbsp;&nbsp;&nbsp;6250 | &nbsp;&nbsp;&nbsp;0.401% | &nbsp;&nbsp;&nbsp;&nbsp;51213 | &nbsp;&nbsp;&nbsp;&nbsp;19296 | &nbsp;&nbsp;&nbsp;&nbsp;31917 | MSI |
|  |  |  |  |  | $(321990) | $572068 | $(894058) |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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> November 30,<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) | 470805 | $(1897219) | $(6073482) | $(4176263) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | **Termination<br> Date** | **Fixed<br> Rate** | **Notional<br> Amount<br> (000)#(3)** | **Implied Credit<br> Spread at<br> November 30,<br> 2022(4)** | **Value at<br> Trade Date** | **Value at<br> November 30,<br> 2022** | **Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreement on credit indices - Sell Protection(2):** |
| CDX.NA.HY.38.V2 | 06/20/27 | 5.000%(Q) | 107420 | 4.117% | $(2585041) | $4581839 | $7166880 |

---

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

------

### PGIM Strategic Bond Fund

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

---

| | |
|:---|:---|
|  | amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (2) | If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. |
| (3) | Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. |
| (4) | Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement. |
| \* | 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 November 30, 2022 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** | **Centrally Cleared Interest Rate Swap Agreements:** |
| GBP | 3145 | &nbsp;&nbsp;05/08/24 | &nbsp;&nbsp;0.950%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp; $72023 | &nbsp;&nbsp; $195836 | &nbsp;&nbsp; $123813 |
| GBP | 4196 | &nbsp;&nbsp;05/08/25 | &nbsp;&nbsp;1.000%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;(262597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;657695 |
| GBP | 10795 | &nbsp;&nbsp;05/08/26 | &nbsp;&nbsp;1.000%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;(404046) | &nbsp;&nbsp;&nbsp;&nbsp;1309743 | &nbsp;&nbsp;&nbsp;&nbsp;1713789 |

---

------

### PGIM Strategic Bond Fund

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Notional<br> Amount<br> (000)#** | **Notional<br> Amount<br> (000)#** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Floating<br> Rate** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2022** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** | **Centrally Cleared Interest Rate Swap Agreements (cont'd.):** |
| GBP | 6015 | &nbsp;&nbsp;05/08/27 | &nbsp;&nbsp;1.050%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp; $124739 | &nbsp;&nbsp; $856947 | &nbsp;&nbsp; $732208 |
| GBP | 2730 | &nbsp;&nbsp;05/08/29 | &nbsp;&nbsp;1.100%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;(111896) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;593079 |
| GBP | 422 | &nbsp;&nbsp;05/08/31 | &nbsp;&nbsp;1.150%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;(18372) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103766 |
| GBP | 340 | &nbsp;&nbsp;05/08/32 | &nbsp;&nbsp;1.150%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;(18242) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94900 |
| GBP | 155 | &nbsp;&nbsp;05/08/34 | &nbsp;&nbsp;1.200%(A) | &nbsp;&nbsp;1 Day SONIA(1)(A)/ 2.927% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4750) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42052 |
|  |  |  |  |  | &nbsp;&nbsp;$(623141) | &nbsp;&nbsp;$3438161 | &nbsp;&nbsp;$4061302 |

---

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** | **Total return swap agreements outstanding at November 30, 2022:** |
| **Reference Entity** | &nbsp;&nbsp;&nbsp;**Financing<br> Rate** | &nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Long (Short)<br> Notional<br> Amount<br> (000)#(1)** | &nbsp;&nbsp;&nbsp;**Fair<br> Value** | &nbsp;&nbsp;&nbsp;**Upfront<br> Premiums<br> Paid<br> (Received)** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)(2)** |
| **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** | **OTC Total Return Swap Agreement:** |
| Total Return Benchmark Bond Index(T) | &nbsp;&nbsp;1 Day USOIS -60bps(T)/ 3.230% | &nbsp;&nbsp;GSI | &nbsp;&nbsp;12/20/22 | &nbsp;&nbsp;(4316) | &nbsp;&nbsp;$39635 | &nbsp;&nbsp;$— | &nbsp;&nbsp;$39635 |

---

(1) On a long total return swap, the Fund receives payments for any positive return on the reference entity (makes payments for any negative return) and pays the financing rate. On a short total return
swap, the Fund makes payments for any positive return on the reference entity (receives payments for any negative return) and receives the financing rate.

(2) Upfront/recurring fees or commissions, as applicable, are included in the net unrealized appreciation (depreciation).

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prudential Investment Portfolios 3

- **b. Investment Company Act file number:** 811-09805

- **c. CIK number of Registrant:** 0001104631

- **d. LEI of Registrant:** 549300IKC66S6EOWJB51

- **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 Strategic Bond Fund

- **b. EDGAR series identifier (if any):** S000050053

- **c. LEI of Series:** 549300406PT1FBJ8QB78

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

- **a. Date of fiscal year-end:** 2023-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1527523235.74

**Total Liabilities:** $476674548.71

**Net Assets:** $1050848687.03

**Stand-by Commitments:** $360503450.60

**Cash Not Reported:** $19122250.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 941.51217000 | **1-Year:** 10485.82916000 | **5-Year:** 160183.63615000 | **10-Year:** 129331.58862000 | **30-Year:** 6150.60106000

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

- **3-Month:** 812.06742000 | **1-Year:** 38526.76518000 | **5-Year:** 106466.53964000 | **10-Year:** 20991.72582000 | **30-Year:** 212.51577000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158017 | -4.37%               | -0.60%               | 2.81%                |
| Class ID C000158018 | -4.28%               | -0.50%               | 2.90%                |
| Class ID C000183669 | -4.27%               | -0.62%               | 2.90%                |
| Class ID C000158016 | -4.30%               | -0.53%               | 2.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-16326365.33            | $-42262880.35                              |
| Month 2  | $-11726542.27            | $8406506.35                                |
| Month 3  | $548170.63               | $38498439.65                               |

**Designated Index Information**

- **Index Name:** PGIM Strategic Bond 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     440000 | PA      | $423854.53    | 0.04%             | 2025-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                   | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     500000 | PA      | $446772.38    | 0.04%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF72                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1978.14      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| INTELSAT JACKSON HLDG                             | Intelsat Jackson Holdings SA                                                     | CUSIP: 45824TBC8<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |    2800000 | PA      | $2569000.00   | 0.24%             | 2030-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| LIMA METRO LINE 2 FIN LT                          | Lima Metro Line 2 Finance Ltd                                                    | CUSIP: 000000000<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |      94621 | PA      | $90558.13     | 0.01%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                    | JPMorgan Chase Bank NA - CACLN                                                   | CUSIP: 48128U2R9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     600000 | PA      | $553593.60    | 0.05%             | 2028-12-26      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                              | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    2680000 | PA      | $2338592.12   | 0.22%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $107441.34    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-169.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $93205.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -76320000 | OU      | $-9944.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                            | Mexico City Airport Trust                                                        | CUSIP: 59284MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    2330000 | PA      | $2069768.13   | 0.20%             | 2028-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |          1 | NC      | $65201.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXI SPA                                          | Nexi SpA                                                                         | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | DBT              | CORP              | IT        |    3700000 | PA      | $3125788.79   | 0.30%             | 2029-04-30      | Fixed         | 2.12%                 | No            |                  2 | On Loan: —       |
| CODERE NEW HOLDCO SA                              | CODERE NEW HOLDCO SA                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     356091 | PA      | $172953.19    | 0.02%             | 2027-11-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1334860.82   | 0.13%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| CSC HOLDINGS LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    1475000 | PA      | $933396.03    | 0.09%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| VIATRIS INC                                       | Viatris Inc                                                                      | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    1495000 | PA      | $976020.51    | 0.09%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pnmac Gmsr Issuer Trust                           | PNMAC GMSR ISSUER TRUST 2018-GT2                                                 | CUSIP: 69354WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1300000 | PA      | $1240732.48   | 0.12%             | 2025-08-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $42364.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $240648.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN UN FIN                           | Aethon United BR LP / Aethon United Finance Corp                                 | CUSIP: 00810GAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1575000 | PA      | $1567221.77   | 0.15%             | 2026-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                          | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |     500000 | PA      | $525426.21    | 0.05%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $995.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                    | PMT Credit Risk Transfer Trust 2020-2R                                           | CUSIP: 69355XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3188564 | PA      | $3142169.04   | 0.30%             | 2022-12-25      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                                    | Oaktown Re VII Ltd                                                               | CUSIP: 67389JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    3900000 | PA      | $3444251.46   | 0.33%             | 2034-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                         | ONEOK Inc                                                                        | CUSIP: 682680AT0<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      25000 | PA      | $20751.51     | 0.00%             | 2047-07-13      | Fixed         | 4.95%                 | 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        |    5940000 | PA      | $210662.10    | 0.02%             | 2027-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | USD/HUF FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-153521.41   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TPC GRP INC CONTRACTUAL RIGHTS                    | TPC GRP INC CONTRACTUAL RIGHTS                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    1488709 | NS      | $148.87       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     105000 | PA      | $82445.76     | 0.01%             | 2035-10-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                          | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     675000 | PA      | $619881.57    | 0.06%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                         | Prosus NV                                                                        | CUSIP: 74365PAH1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    2835000 | PA      | $2239650.00   | 0.21%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                  | USD/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |          1 | NC      | $197541.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bond                                            | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    1635000 | PA      | $1503484.69   | 0.14%             | 2029-02-22      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES PLC                        | IDR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: K6Q0W1PS1L1O4IQL9C32 | N/A              | DFE              | CORP              | US        |          1 | NC      | $763.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                 | Eurex 2 Year Euro SCHATZ                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -64 | NC      | $89199.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                            | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     875000 | PA      | $760867.19    | 0.07%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     165000 | PA      | $139425.00    | 0.01%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                            | General Motors Financial Co Inc                                                  | CUSIP: 37045XCY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    1365000 | PA      | $1171299.16   | 0.11%             | 2030-06-21      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Intelsat SA/Luxembourg                            | Intelsat SA/Luxembourg                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      44309 | NS      | $1102186.38   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $158092.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -90010000 | OU      | $-12571.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON                  | CUSIP: 46649XAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    8800000 | PA      | $7621634.24   | 0.73%             | 2031-07-05      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| GRUPO AVAL LTD                                    | Grupo Aval Ltd                                                                   | CUSIP: 40053FAC2<br>LEI: 549300J4FW1ELLQ80113 | Long             | DBT              | CORP              | KY        |    2000000 | PA      | $1552000.00   | 0.15%             | 2030-02-04      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                    | Bombardier Inc                                                                   | CUSIP: 097751BX8<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    2750000 | PA      | $2578647.50   | 0.25%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        | -156875000 | OU      | $-1130341.90  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CenturyLink Inc                                   | Lumen Technologies Inc                                                           | CUSIP: 15669GAH7<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     385760 | PA      | $364436.18    | 0.03%             | 2027-03-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond                                        | CUSIP: 221625AK2<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     369898 | PA      | $357714.05    | 0.03%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                 | General Motors Co                                                                | CUSIP: 37045VAH3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     970000 | PA      | $859297.73    | 0.08%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                          | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     550000 | PA      | $277750.00    | 0.03%             | 2026-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ENTERTAINMENT INC                          | Golden Entertainment Inc                                                         | CUSIP: 381013AA9<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | DBT              | CORP              | US        |    2800000 | PA      | $2769875.95   | 0.26%             | 2026-04-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: —       |
| AMERICAN AIRLINES/AADVAN                          | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    1925000 | PA      | $1792271.25   | 0.17%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                   | Fannie Mae Interest Strip                                                        | CUSIP: 31397VSJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    3486021 | PA      | $482559.03    | 0.05%             | 2035-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                          | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     200000 | PA      | $201676.75    | 0.02%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      50000 | PA      | $47085.11     | 0.00%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     725000 | PA      | $643256.33    | 0.06%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                      | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1415000 | PA      | $1101657.52   | 0.10%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                  | EUR/CZK FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |          1 | NC      | $17713.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    4025000 | PA      | $1690500.00   | 0.16%             | 2031-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| WESCO DISTRIBUTION INC                            | WESCO Distribution Inc                                                           | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     550000 | PA      | $556892.68    | 0.05%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                     | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    1270000 | PA      | $1161084.80   | 0.11%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS KINGDOM OF SAUDI ARABIA                                                      | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-40792.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87850000 | OU      | $-284853.11   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| STRIP PRINC                                       | United States Treasury Strip Principal                                           | CUSIP: 912803EK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1145000 | PA      | $469628.91    | 0.04%             | 2044-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-HQA3                                          | CUSIP: 35565MAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1679 | PA      | $1679.47      | 0.00%             | 2050-07-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $15440.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VECTOR GROUP LTD                                  | Vector Group Ltd                                                                 | CUSIP: 92240MBL1<br>LEI: 549300TUIF4WWN6NDN50 | Long             | DBT              | CORP              | US        |    2325000 | PA      | $2020527.95   | 0.19%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834LR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     305000 | PA      | $134188.09    | 0.01%             | 2042-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                     | DISH DBS Corp                                                                    | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     500000 | PA      | $368748.26    | 0.04%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87850000 | OU      | $-62323.08    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/PHP FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-110044.97   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CALPINE CORP                                      | Calpine Corp                                                                     | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $3602105.16   | 0.34%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $315687.49    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     865000 | PA      | $728627.34    | 0.07%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF MINAS GERAIS                             | Brazil Minas SPE via State of Minas Gerais                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    1818000 | PA      | $1750734.00   | 0.17%             | 2028-02-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -76320000 | OU      | $-615158.38   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   76320000 | OU      | $24058.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | HUF/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-92103.26    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-10520.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDJ6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    2200000 | PA      | $1940588.06   | 0.18%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| BROOKFIELD RESID PROPERT                          | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    1200000 | PA      | $957000.00    | 0.09%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | MXN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-258686.56   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $1132363.30   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                            | Sherwood Financing PLC                                                           | CUSIP: 000000000<br>LEI: 259400SSZWSSPNYW7K08 | Long             | DBT              | CORP              | GB        |    4225000 | PA      | $3855074.01   | 0.37%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                 | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-19366.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CT TRUST                                          | CT Trust                                                                         | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    1980000 | PA      | $1706883.75   | 0.16%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| KRAFT HEINZ FOODS CO                              | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     485000 | PA      | $408579.68    | 0.04%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-117306.58   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $50378.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                           | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     420000 | PA      | $352275.00    | 0.03%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                             | eG Global Finance PLC                                                            | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    2500000 | PA      | $2268846.19   | 0.22%             | 2025-10-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                          | Thermo Fisher Scientific Inc                                                     | CUSIP: 000000000<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |     400000 | PA      | $302451.01    | 0.03%             | 2039-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS FEDERATIVE REPUBLIC OF BRAZIL                                                | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $741554.31    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AKTIENGESELLSCHAFT                  | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-155647.91   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F050619<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   18500000 | PA      | $18401718.75  | 1.75%             | 2050-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 060505FQ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    3685000 | PA      | $3187064.67   | 0.30%             | N/A             | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $3851.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                  | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1626000 | PA      | $1545226.25   | 0.15%             | 2026-07-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                            | MGM China Holdings Ltd                                                           | CUSIP: 55300RAG6<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |    2160000 | PA      | $1890648.00   | 0.18%             | 2027-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| BANCO MERCANTIL DE NORTE                          | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    2015000 | PA      | $1610488.75   | 0.15%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                    | Transocean Inc                                                                   | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     275000 | PA      | $224812.50    | 0.02%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834MD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7190000 | PA      | $3089172.28   | 0.29%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-57938.81    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 903724AQ5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     520000 | PA      | $129610.00    | 0.01%             | 2025-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CASINO GUICHARD PERRACHON SA                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-302424.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-253524.94   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834KV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     525000 | PA      | $240146.49    | 0.02%             | 2041-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -84875000 | OU      | $-4088.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                               | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    1325000 | PA      | $1191671.88   | 0.11%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CODERE NEW TOPCO SA                               | CODERE NEW TOPCO SA                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | N/A       |      12376 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| UNITED GROUP BV                                   | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    1125000 | PA      | $1112402.19   | 0.11%             | 2024-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                  | CVC Cordatus Loan Fund XXIII DAC                                                 | CUSIP: 000000000<br>LEI: 549300UZHWKVESFC2U21 | Long             | ABS-CBDO         | CORP              | IE        |   12750000 | PA      | $12559989.37  | 1.20%             | 2036-04-25      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     200000 | PA      | $46850.00     | 0.00%             | 2026-02-01      | Variable      | 8.99%                 | No            |                  2 | On Loan: No      |
| SoFi RR Funding III Trust                         | Sofi RR Funding III Trust 2020-1                                                 | CUSIP: 78472DAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1115872 | PA      | $1115832.99   | 0.11%             | 2024-11-29      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-67.90       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                 | CDS GAZPROM PAO                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $520495.84    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS SIMON PROPERTY GROUP LP                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $32355.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS PEOPLES REPUBLIC OF CHINA                                                    | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-141082.76   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                          | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     275000 | PA      | $242687.50    | 0.02%             | 2027-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | USD/THB FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-185269.44   | -0.02%            |  |  |  | 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        |       -332 | NC      | $-401340.48   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                          | Thermo Fisher Scientific Inc                                                     | CUSIP: 883556CE0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |     275000 | PA      | $203890.22    | 0.02%             | 2049-10-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                              | OneMain Finance Corp                                                             | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     200000 | PA      | $167104.10    | 0.02%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY & CO. LLC                          | HUF/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $39680.11     | 0.00%             |  |  |  | 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      | $73445.72     | 0.01%             | 2035-05-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                                         | Mylan Inc                                                                        | CUSIP: 628530BC0<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2416283.58   | 0.23%             | 2043-11-29      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   84875000 | OU      | $7889.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                             | Wells Fargo & Co                                                                 | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    3150000 | PA      | $2335642.44   | 0.22%             | 2041-04-30      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GENERAL MOTORS CO                                                            | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $285434.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $872267.02    | 0.08%             | 2030-07-23      | Fixed         | 3.19%                 | 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        |    1720000 | PA      | $1668539.32   | 0.16%             | 2023-02-25      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |          1 | NC      | $72741.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.38.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   84800000 | OU      | $7029.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | IDR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-6184.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Euro Funding                         | Madison Park Euro Funding XIV DAC                                                | CUSIP: 000000000<br>LEI: 635400XLHN7OVUSEV112 | Long             | ABS-CBDO         | CORP              | IE        |    8050000 | PA      | $7946897.58   | 0.76%             | 2032-07-15      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CR FUND                        | BLACKSTONE PRIVATE CR FUND                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1250000 | PA      | $1113542.50   | 0.11%             | 2027-05-03      | Fixed         | 2.50%                 | No            |                  3 | On Loan: No      |
| Asurion LLC                                       | Asurion LLC                                                                      | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     640250 | PA      | $553549.27    | 0.05%             | 2027-07-31      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding XIV LLC                                                          | CUSIP: 68377BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     500000 | PA      | $447902.70    | 0.04%             | 2028-03-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H0306C3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3000000 | PA      | $2709224.58   | 0.26%             | 2052-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/BRL FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $44518.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                               | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     325000 | PA      | $264938.46    | 0.03%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | PEN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $40121.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1765000 | PA      | $1659375.78   | 0.16%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2018-3 Ltd                                                         | CUSIP: 07877TAB7<br>LEI: 2549009SOTYJD2MZFC61 | Long             | ABS-MBS          | CORP              | BM        |      35053 | PA      | $35007.01     | 0.00%             | 2028-10-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BELLIS ACQUISITION CO PL                          | Bellis Acquisition Co PLC                                                        | CUSIP: 000000000<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |    3247000 | PA      | $3174553.17   | 0.30%             | 2026-02-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                | Serbia International Bond                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    1095000 | PA      | $852313.84    | 0.08%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                          | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAS6<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    1485000 | PA      | $1391947.69   | 0.13%             | 2025-05-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | HUF/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $45952.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                 | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     275000 | PA      | $232308.75    | 0.02%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                          | Teachers Insurance & Annuity Association of America                              | CUSIP: 878091BD8<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |      75000 | PA      | $69536.83     | 0.01%             | 2044-09-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co/The                                                                    | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    1035000 | PA      | $936121.17    | 0.09%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                    | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377REP5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    5000000 | PA      | $4534078.00   | 0.43%             | 2025-09-22      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF CHILE                                                            | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $12481.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TFS_18-3-A1                                       | TFS_18-3-A1                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | LU        |     356325 | PA      | $352622.66    | 0.03%             | 2023-03-16      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| PENN ENTERTAINMENT INC                            | Penn Entertainment Inc                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3125000 | PA      | $2901601.28   | 0.28%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LA FINAC ATALIAN SA                               | La Financiere Atalian SASU                                                       | CUSIP: 000000000<br>LEI: 969500ICOLJMB33J0L87 | Long             | DBT              | CORP              | FR        |    1800000 | PA      | $1573387.20   | 0.15%             | 2025-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CF6<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     250000 | PA      | $235977.33    | 0.02%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| ASCENT RESOURCES/ARU FIN                          | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1525000 | PA      | $1498798.27   | 0.14%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     920000 | PA      | $833556.48    | 0.08%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $195836.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                 | Elevation CLO 2021-14 Ltd                                                        | CUSIP: 28623RAG3<br>LEI: 549300JPI8D017HI2768 | Long             | ABS-CBDO         | CORP              | KY        |    4500000 | PA      | $4258794.15   | 0.41%             | 2034-10-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.HY.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -17570000 | OU      | $-75681.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -76320000 | OU      | $-8716.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                              | OneMain Finance Corp                                                             | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1429243.40   | 0.14%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF COLOMBIA                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $468401.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                               | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    2900000 | PA      | $2443137.16   | 0.23%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Limited             | Digicel International Finance Ltd                                                | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | LC        |    1628577 | PA      | $1377165.17   | 0.13%             | 2024-05-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2656555.06  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $21042.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | PEN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $74721.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   75526294 | NS      | $75526294.02  | 7.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrellgas Partners LP                            | Ferrellgas Partners LP                                                           | CUSIP: 315293308<br>LEI: 529900YP52A6C5K57L34 | Long             | EC               | CORP              | US        |       5838 | NS      | $1225863.24   | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-56.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-98707.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-33.95       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AGILE GROUP HOLDINGS LTD                          | Agile Group Holdings Ltd                                                         | CUSIP: 000000000<br>LEI: 549300ZRISRT38EEYY07 | Long             | DBT              | CORP              | KY        |    2085000 | PA      | $799206.56    | 0.08%             | 2025-10-13      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                    | AutoNation Inc                                                                   | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1880000 | PA      | $1703807.15   | 0.16%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                                                   | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    6820000 | PA      | $5589385.49   | 0.53%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                          | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B51<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     550000 | PA      | $462600.48    | 0.04%             | 2028-02-16      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                          | Mizrahi Tefahot Bank Ltd                                                         | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | DBT              | CORP              | IL        |    2545000 | PA      | $2220512.50   | 0.21%             | 2031-04-07      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                       | Aker BP ASA                                                                      | CUSIP: 00973RAE3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    2300000 | PA      | $2178749.29   | 0.21%             | 2025-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $188595.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Armada Euro CLO                                   | Armada Euro CLO II DAC                                                           | CUSIP: 000000000<br>LEI: 549300ZZKACIYBGH9718 | Long             | ABS-CBDO         | CORP              | IE        |     247915 | PA      | $244436.78    | 0.02%             | 2031-11-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $37301.66     | 0.00%             |  |  |  | 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        |   20580000 | PA      | $17061355.08  | 1.62%             | 2036-11-10      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-179800.30   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                          | Petrobras Global Finance BV                                                      | CUSIP: 000000000<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     730000 | PA      | $766169.14    | 0.07%             | 2034-01-16      | Fixed         | 6.62%                 | 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        |    1700000 | PA      | $1432320.04   | 0.14%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | HUF/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $119032.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | PEN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-44969.99    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| YAMANA GOLD INC                                   | Yamana Gold Inc                                                                  | CUSIP: 98462YAF7<br>LEI: 54930002VY22NXG01418 | Long             | DBT              | CORP              | CA        |    5000000 | PA      | $3785387.00   | 0.36%             | 2031-08-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/COP FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-140206.20   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS TARGA RESOURCES PARTNERS LP                                                  | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $90796.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-18468.11    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-1003549.50  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $932392.52    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                          | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 000000000<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    1106000 | PA      | $824190.84    | 0.08%             | 2031-11-05      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    1190000 | PA      | $1119195.00   | 0.11%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F052615<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   10500000 | PA      | $10611814.92  | 1.01%             | 2053-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                             | Truist Financial Corp                                                            | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     710000 | PA      | $643813.61    | 0.06%             | N/A             | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CLECO CORPORATE HOLDINGS                          | Cleco Corporate Holdings LLC                                                     | CUSIP: 18551PAE9<br>LEI: 5493002H80P81B3HXL31 | Long             | DBT              | CORP              | US        |     295000 | PA      | $250127.74    | 0.02%             | 2029-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1280000 | PA      | $1114107.98   | 0.11%             | 2028-02-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                                              | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   18000000 | PA      | $15167646.36  | 1.44%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -74140000 | OU      | $-240398.51   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1250000 | PA      | $1134965.25   | 0.11%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                            | Power Finance Corp Ltd                                                           | CUSIP: 000000000<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |     800000 | PA      | $777900.00    | 0.07%             | 2028-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   72000000 | OU      | $7481.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | SWOP CDS GS_21-PJ-A                                                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |  -44920000 | OU      | $-796.59      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     430000 | PA      | $96696.25     | 0.01%             | 2026-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Independence Plaza Trust                          | Independence Plaza Trust 2018-INDP                                               | CUSIP: 45378YAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     175000 | PA      | $153553.02    | 0.01%             | 2035-07-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding XIII LLC                                                         | CUSIP: 68377FAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     865128 | PA      | $837479.87    | 0.08%             | 2025-08-08      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-7477.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                             | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    1080000 | PA      | $978660.89    | 0.09%             | 2027-02-14      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF59                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $435.56       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ABBVIE INC                                        | AbbVie Inc                                                                       | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    1880000 | PA      | $1642522.74   | 0.16%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                          | AT&T Inc                                                                         | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     781000 | PA      | $567829.10    | 0.05%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | COP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $27198.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                             | Nabors Industries Inc                                                            | CUSIP: 62957HAF2<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     375000 | PA      | $360019.51    | 0.03%             | 2025-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                            | Eskom Holdings SOC Ltd                                                           | CUSIP: 29646AAB2<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2075000 | PA      | $1941421.88   | 0.18%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | CZK/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $76017.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA6                                          | CUSIP: 35566CBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3240000 | PA      | $3005812.80   | 0.29%             | 2050-12-25      | Floating      | 6.52%                 | Yes           |                  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      | $-6073482.12  | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1175000 | PA      | $499375.00    | 0.05%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE                          | Petrobras Global Finance BV                                                      | CUSIP: 000000000<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |    1295000 | PA      | $1508902.19   | 0.14%             | 2026-12-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                   | MEG Energy Corp                                                                  | CUSIP: 552704AF5<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    1800000 | PA      | $1708200.00   | 0.16%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| DIVERSIFIED HEALTHCARE T                          | Diversified Healthcare Trust                                                     | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1393887.66   | 0.13%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     265000 | PA      | $243926.00    | 0.02%             | 2029-04-23      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS STATE OF QATAR                                                               | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-51884.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                           | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     730000 | PA      | $662402.34    | 0.06%             | 2026-09-18      | Fixed         | 4.38%                 | 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        |    5130000 | PA      | $4833984.64   | 0.46%             | 2023-04-25      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    1085467 | PA      | $1015816.00   | 0.10%             | 2027-04-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                     | DISH DBS Corp                                                                    | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4570000 | PA      | $3817109.27   | 0.36%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TOTAL PLAY TELECOM                                | Total Play Telecomunicaciones SA de CV                                           | CUSIP: 89157FAC4<br>LEI: 4469000001BSAPAMOQ06 | Long             | DBT              | CORP              | MX        |    1710000 | PA      | $1214100.00   | 0.12%             | 2028-09-20      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | EUR/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $20529.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                              | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     175000 | PA      | $118241.70    | 0.01%             | 2029-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     100000 | PA      | $27175.00     | 0.00%             | 2024-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| FALABELLA SA                                      | Falabella SA                                                                     | CUSIP: 30607FAA8<br>LEI: 5493004CKJQ7H391LM41 | Long             | DBT              | CORP              | CL        |    2305000 | PA      | $1790985.00   | 0.17%             | 2032-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ocean Trails CLO IX                               | Ocean Trails CLO IX                                                              | CUSIP: 67515XAQ7<br>LEI: 549300LD2JF1INLMST94 | Long             | ABS-CBDO         | CORP              | KY        |   10000000 | PA      | $9521621.00   | 0.91%             | 2034-10-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RESID PROPERT                          | Brookfield Residential Properties Inc / Brookfield Residential US LLC            | CUSIP: 11283YAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    1325000 | PA      | $1044139.75   | 0.10%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MOTION BONDCO DAC                                 | Motion Bondco DAC                                                                | CUSIP: 61978XAA5<br>LEI: 635400KFD3IETNQLA755 | Long             | DBT              | CORP              | IE        |     775000 | PA      | $662625.00    | 0.06%             | 2027-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $481182.92    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | EUR/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $781.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $395098.48    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                          | Diversified Healthcare Trust                                                     | CUSIP: 25525PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $973666.82    | 0.09%             | 2025-06-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                      | Intelsat Jackson Holdings SA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       4639 | NS      | $44213.38     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Chesapeake Energy Corp                            | Chesapeake Energy Corp                                                           | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      14803 | NS      | $1532110.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, National Association             | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $78855.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ITALY GOV'T INT BOND                              | Republic of Italy Government International Bond                                  | CUSIP: 465410BG2<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    3300000 | PA      | $3184450.50   | 0.30%             | 2033-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| ABBVIE INC                                        | AbbVie Inc                                                                       | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1068698.98   | 0.10%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAINBOW MIDCO LIMITED                             | RAINBOW MIDCO LIMITED                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    4300000 | PA      | $4206105.20   | 0.40%             | 2030-01-31      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade RE 2021-3 Ltd                                                         | CUSIP: 078777AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     900000 | PA      | $837935.82    | 0.08%             | 2031-09-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                 | General Motors Co                                                                | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |      80000 | PA      | $77162.62     | 0.01%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF SOUTH AFRICA                                                     | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $659417.62    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | USD/COP FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-40123.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                          | Univision Communications Inc                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    1875000 | PA      | $1838188.67   | 0.17%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                      | Calpine Corp                                                                     | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    1175000 | PA      | $1015073.72   | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-56.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_21-KHG3                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $4242.18      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VISTRA CORP                                       | Vistra Operations Co LLC                                                         | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     405000 | PA      | $379307.01    | 0.04%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PGIM Institutional Money Market Fund - D          | PGIM Institutional Money Market Fund - D                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   68256145 | NS      | $68208366.05  | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     750000 | PA      | $719458.65    | 0.07%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-78036.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| IVORY COAST                                       | Ivory Coast Government International Bond                                        | CUSIP: 221625AP1<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    1130000 | PA      | $1113997.42   | 0.11%             | 2025-06-15      | Fixed         | 5.12%                 | 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        |    7125000 | PA      | $3910811.33   | 0.37%             | 2040-02-12      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                            | Rockford Tower CLO 2021-3 Ltd                                                    | CUSIP: 77341NAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    8700000 | PA      | $8251527.18   | 0.79%             | 2034-10-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -84875000 | OU      | $-4561.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                          | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     700000 | PA      | $669505.89    | 0.06%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                             | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     615000 | PA      | $463343.96    | 0.04%             | 2033-03-12      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| BULGARIA                                          | Bulgaria Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900PG0XCL4LICL838 | Long             | DBT              | NUSS              | BG        |      30000 | PA      | $18434.23     | 0.00%             | 2050-09-23      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Government National Mortgage Association                                         | CUSIP: 38382BLB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     849156 | PA      | $168381.43    | 0.02%             | 2049-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                          | AT&T Inc                                                                         | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    1250000 | PA      | $877900.21    | 0.08%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| GARTNER INC                                       | Gartner Inc                                                                      | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |     350000 | PA      | $329361.76    | 0.03%             | 2028-07-01      | Fixed         | 4.50%                 | 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        |     496306 | PA      | $511173.79    | 0.05%             | 2050-06-25      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     800000 | PA      | $668481.44    | 0.06%             | 2029-02-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                            | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     925000 | PA      | $882366.50    | 0.08%             | 2027-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | SWOP CDS CDX.NA.IG.38.V1                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |  -53730000 | OU      | $-166.13      | -0.00%            |  |  |  | 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        |        144 | NC      | $114538.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | IDR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-18050.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | CZK/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $21647.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1355000 | PA      | $272837.52    | 0.03%             | 2032-01-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                    | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    1780000 | PA      | $1675590.42   | 0.16%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                      | Intelsat Jackson Holdings SA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       4639 | NS      | $9182.90      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-6700.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                               | United Airlines Inc                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     400000 | PA      | $354132.33    | 0.03%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                    | PMT Credit Risk Transfer Trust 2021-1R                                           | CUSIP: 69356UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5169418 | PA      | $4929677.44   | 0.47%             | 2024-02-27      | Floating      | 6.95%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                 | General Motors Co                                                                | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    1250000 | PA      | $1105137.93   | 0.11%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   87850000 | OU      | $177556.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      75000 | PA      | $70341.02     | 0.01%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                   | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1843891.72   | 0.18%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                             | CMG Media Corp                                                                   | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1608000 | PA      | $1234793.94   | 0.12%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | INR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-354774.57   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                    | JPMorgan Chase Bank NA - CACLN                                                   | CUSIP: 46591HAT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     731144 | PA      | $843297.10    | 0.08%             | 2028-01-25      | Fixed         | 33.78%                | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-71238.23    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                | Serbia International Bond                                                        | CUSIP: 817477AF9<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     508000 | PA      | $372205.25    | 0.04%             | 2030-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                 | General Motors Co                                                                | CUSIP: 37045VAU4<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    1810000 | PA      | $1901195.93   | 0.18%             | 2027-10-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | TWD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-32990.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | SWOP CDS CDX.NA.HY.38.V2                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |  -16440000 | OU      | $-3386.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ITALY GOV'T INT BOND                              | Republic of Italy Government International Bond                                  | CUSIP: 465410BY3<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |    1000000 | PA      | $828309.20    | 0.08%             | 2029-10-17      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-169.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTA MESA HLDGS/FINANC S                          | Alta Mesa Holdings LP / Alta Mesa Finance Services Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2950000 | PA      | $20060.00     | 0.00%             | 2024-12-15      | Fixed         | 7.88%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/HUF FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $496900.16    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834KH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     785000 | PA      | $369103.32    | 0.04%             | 2041-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                           | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    1222000 | PA      | $1136460.00   | 0.11%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC                            | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAF8<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |    1405000 | PA      | $1216466.56   | 0.12%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                       | Home RE 2019-1 Ltd                                                               | CUSIP: 43731AAA1<br>LEI: 254900GFKVQN72ENGJ20 | Long             | ABS-MBS          | CORP              | BM        |     137935 | PA      | $137177.57    | 0.01%             | 2029-05-25      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| 1MDB GLOBAL INVESTMENTS                           | 1MDB Global Investments Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | VG        |    4000000 | PA      | $3913250.00   | 0.37%             | 2023-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Retiro Mortgage Securities                        | Retiro Mortgage Securities DAC                                                   | CUSIP: 000000000<br>LEI: 635400CU9HBU644YSL41 | Long             | ABS-MBS          | CORP              | IE        |    1570475 | PA      | $1614541.71   | 0.15%             | 2075-07-30      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     875000 | PA      | $785737.51    | 0.07%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F0326C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   11000000 | PA      | $10068437.50  | 0.96%             | 2052-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                   | CDS CDX.NA.HY.38.V1                                                              | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |          1 | NC      | $4581838.89   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1100000 | PA      | $467500.00    | 0.04%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     400000 | PA      | $418914.77    | 0.04%             | 2025-11-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Structured Agency Credit Risk Debt Notes                             | CUSIP: 35564KDX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    6150000 | PA      | $5519625.00   | 0.53%             | 2033-08-25      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3225000 | PA      | $2662924.52   | 0.25%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137BPW39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1071872 | PA      | $38257.69     | 0.00%             | 2026-03-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                            | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     800000 | PA      | $727355.05    | 0.07%             | 2027-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | KRW/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $125993.27    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     100000 | PA      | $83850.00     | 0.01%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                              | Taylor Morrison Communities Inc                                                  | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     400000 | PA      | $383141.25    | 0.04%             | 2027-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | USD/GBP FORWARD                                                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |          1 | NC      | $89703.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                             | Caesars Entertainment Inc                                                        | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    1470000 | PA      | $1450421.17   | 0.14%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG                             | Intelsat Jackson Holdings SA                                                     | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |      75000 | PA      | $0.08         | 0.00%             | 2024-10-15      | Fixed         | 8.50%                 | No            |                  3 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                    | CUSIP: 172967MK4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    7301000 | PA      | $6138550.26   | 0.58%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS ELECTRICITE DE FRANCE SA                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $12907.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                    | CUSIP: 172967MG3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     975000 | PA      | $879271.93    | 0.08%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AECOM                                             | AECOM                                                                            | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     750000 | PA      | $729565.82    | 0.07%             | 2027-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS TARGA RESOURCES PARTNERS LP                                                  | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $60531.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| H&E EQUIPMENT SERVICES                            | H&E Equipment Services Inc                                                       | CUSIP: 404030AJ7<br>LEI: 254900KVLRCDMQRYY541 | Long             | DBT              | CORP              | US        |    3500000 | PA      | $3026447.66   | 0.29%             | 2028-12-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                     | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    2645000 | PA      | $2790773.89   | 0.27%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834DU9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     110000 | PA      | $58149.61     | 0.01%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding XIII LLC                                                         | CUSIP: 68377FAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1022424 | PA      | $954170.31    | 0.09%             | 2025-08-08      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                               | Delta Air Lines Inc                                                              | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    1720000 | PA      | $1469550.85   | 0.14%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| PRIME HEALTHCARE SERVICE                          | Prime Healthcare Services Inc                                                    | CUSIP: 74165HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1150000 | PA      | $983709.37    | 0.09%             | 2025-11-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                               | Suzano Austria GmbH                                                              | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |     630000 | PA      | $622329.75    | 0.06%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H042612<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5500000 | PA      | $5386347.62   | 0.51%             | 2053-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                            | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     250000 | PA      | $208412.96    | 0.02%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA5                                          | CUSIP: 35566AAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     190300 | PA      | $190662.51    | 0.02%             | 2050-10-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/CZK FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-689142.47   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $220785.83    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                               | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |       5000 | PA      | $4274.40      | 0.00%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MASONITE INTERNATIONAL C                          | Masonite International Corp                                                      | CUSIP: 575385AD1<br>LEI: 549300H0H07ZFT4JYM32 | Long             | DBT              | CORP              | CA        |     795000 | PA      | $719475.00    | 0.07%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mcafee Corp                                       | McAfee Corp                                                                      | CUSIP: 57906HAD9<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    1920188 | PA      | $1818843.84   | 0.17%             | 2029-03-01      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS SULTANATE OF OMAN                                                            | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $52854.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tank Holding Corp                                 | Tank Holding Corp                                                                | CUSIP: 87583FAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    1770562 | PA      | $1687935.66   | 0.16%             | 2028-03-31      | Floating      | 9.76%                 | No            |                  2 | On Loan: No      |
| DANA FINANCING LUX SARL                           | Dana Financing Luxembourg Sarl                                                   | CUSIP: 235822AB9<br>LEI: 222100DKCE3D036DQU13 | Long             | DBT              | CORP              | LU        |     250000 | PA      | $243987.50    | 0.02%             | 2025-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                          | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    1350000 | PA      | $1127250.00   | 0.11%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KB HOME                                           | KB Home                                                                          | CUSIP: 48666KAZ2<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |     615000 | PA      | $490704.16    | 0.05%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -90010000 | OU      | $-640273.42   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP                                        | US Bancorp                                                                       | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    3660000 | PA      | $2924039.26   | 0.28%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2021-DNA5                                          | CUSIP: 35564KJA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2320000 | PA      | $2059196.74   | 0.20%             | 2034-01-25      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834FB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4360000 | PA      | $2180000.00   | 0.21%             | 2040-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| C&S GROUP ENTERPRISES LL                          | C&S Group Enterprises LLC                                                        | CUSIP: 12467AAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1344000 | PA      | $1000316.81   | 0.10%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD                                   | Sands China Ltd                                                                  | CUSIP: 80007RAF2<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |     200000 | PA      | $191000.00    | 0.02%             | 2025-08-08      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                      | Hunt Cos Inc                                                                     | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1659222.76   | 0.16%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                           | United Rentals North America Inc                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    2050000 | PA      | $1691900.12   | 0.16%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| TCW CLO 2017-1, Ltd                               | TCW CLO 2017-1A Ltd                                                              | CUSIP: 87240NAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    6000000 | PA      | $5679439.80   | 0.54%             | 2034-10-29      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                | Ford Motor Co                                                                    | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     875000 | PA      | $693475.75    | 0.07%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                            | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1510091.12   | 0.14%             | 2025-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $106979.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                          | Discovery Communications LLC                                                     | CUSIP: 25470DBG3<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    2220000 | PA      | $1744521.15   | 0.17%             | 2049-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | KRW/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-190159.66   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                   | MEG Energy Corp                                                                  | CUSIP: 552704AE8<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |    1400000 | PA      | $1419614.00   | 0.14%             | 2027-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| CHEMOURS CO                                       | Chemours Co/The                                                                  | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    1125000 | PA      | $1022875.08   | 0.10%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                           | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    1275000 | PA      | $1083750.00   | 0.10%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS THPT_18-THL                                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $5278.82      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | MXN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-85471.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                                                   | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    5500000 | PA      | $5213091.51   | 0.50%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | USD/HUF FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $99168.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PACTIV EVERGREEN GROUP                            | Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer Inc            | CUSIP: 69527AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $869135.76    | 0.08%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | USD/CLP FORWARD                                                                  | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-27543.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                               | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    1340000 | PA      | $1267227.74   | 0.12%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | HUF/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $34993.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -81490000 | OU      | $-2553.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     205000 | PA      | $169267.20    | 0.02%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     655000 | PA      | $565101.08    | 0.05%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                               | DBGS 2018-BIOD Mortgage Trust                                                    | CUSIP: 23306GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      91376 | PA      | $87471.53     | 0.01%             | 2035-05-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                       | Gap Inc/The                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     825000 | PA      | $633301.79    | 0.06%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                            | Lendmark Funding Trust 2021-1                                                    | CUSIP: 52607MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     600000 | PA      | $450788.70    | 0.04%             | 2031-11-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GR/DIAMON                          | Diamond Sports Group LLC / Diamond Sports Finance Co                             | CUSIP: 25277LAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $155630.28    | 0.01%             | 2026-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                      | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $29513.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.38.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -84800000 | OU      | $-486148.59   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                    | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     700000 | PA      | $631230.89    | 0.06%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SHEA HOMES LP/FNDG CP                             | Shea Homes LP / Shea Homes Funding Corp                                          | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1925000 | PA      | $1662115.36   | 0.16%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                           | International Game Technology PLC                                                | CUSIP: 460599AD5<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |     325000 | PA      | $322968.75    | 0.03%             | 2027-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     100000 | PA      | $85750.19     | 0.01%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CODERE FINANCE 2 LUXEMBO                          | Codere Finance 2 Luxembourg SA                                                   | CUSIP: 000000000<br>LEI: 2221005CUH65GSJUKB29 | Long             | DBT              | CORP              | LU        |      59796 | PA      | $36089.85     | 0.00%             | 2027-11-30      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | EUR/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-12355.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                | CNX Resources Corp                                                               | CUSIP: 12653CAC2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    1525000 | PA      | $1519511.98   | 0.14%             | 2027-03-14      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                              | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                           | CUSIP: 46590XAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |      25000 | PA      | $23976.22     | 0.00%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR ENERGY RESOURCE                          | Endeavor Energy Resources LP / EER Finance Inc                                   | CUSIP: 29260FAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1476226.25   | 0.14%             | 2028-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Adtalem Global Education Inc                      | Adtalem Global Education Inc                                                     | CUSIP: 00737RAE0<br>LEI: 549300Z467EZLMODV621 | Long             | LON              | CORP              | US        |     429244 | PA      | $423520.83    | 0.04%             | 2028-08-12      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                            | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAA3<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |     850000 | PA      | $791741.00    | 0.08%             | 2026-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF70                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $5632.57      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| New Residential Mortgage Loan                     | New Residential Mortgage Loan Trust 2018-4                                       | CUSIP: 64828FCQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     122237 | PA      | $117052.03    | 0.01%             | 2048-01-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| LIFEPT/LEGACY LIFEPT                              | RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc               | CUSIP: 53219LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1750000 | PA      | $1393226.35   | 0.13%             | 2026-12-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: —       |
| BANGKOK BANK PCL/HK                               | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AV4<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |    2115000 | PA      | $1665435.60   | 0.16%             | 2036-09-23      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                             | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     135000 | PA      | $127381.15    | 0.01%             | 2026-09-18      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                  | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2825000 | PA      | $2031791.47   | 0.19%             | 2029-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS CDX.EM.38.V1                                                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-5198998.44  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advi                    | Park Avenue Institutional Advisers CLO Ltd 2019-2                                | CUSIP: 70018AAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   15000000 | PA      | $14204191.50  | 1.35%             | 2034-10-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834KP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1295000 | PA      | $604350.20    | 0.06%             | 2041-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | CNH/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $88350.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4825000 | PA      | $4212074.22   | 0.40%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834JB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   12460000 | PA      | $6085444.56   | 0.58%             | 2040-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.HY.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -17570000 | OU      | $-217419.49   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DAVITA INC                                        | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    1475000 | PA      | $1193788.21   | 0.11%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| UNITED AIRLINES INC                               | United Airlines Inc                                                              | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     850000 | PA      | $790656.24    | 0.08%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | CZK/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $31337.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2020-R01                                     | CUSIP: 20754CAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     981617 | PA      | $964438.96    | 0.09%             | 2040-01-25      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                | Dominican Republic International Bond                                            | CUSIP: 25714PDT2<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    2270000 | PA      | $2207291.25   | 0.21%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -72000000 | OU      | $-445979.45   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                               | 20 Times Square Trust 2018-20TS                                                  | CUSIP: 90137LAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4900000 | PA      | $4015340.28   | 0.38%             | 2035-05-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| ILIAD HOLDING SAS                                 | Iliad Holding SASU                                                               | CUSIP: 000000000<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |    3125000 | PA      | $3034405.86   | 0.29%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                       | State of Illinois                                                                | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    1210000 | PA      | $1166727.48   | 0.11%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834MZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2247000 | PA      | $941545.67    | 0.09%             | 2043-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF PERU                                                             | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $13811.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                   | CVS Health Corp                                                                  | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      25000 | PA      | $23367.83     | 0.00%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87850000 | OU      | $-230013.88   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                          | Diamond Sports Group LLC                                                         | CUSIP: 25277BAE8<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |     201749 | PA      | $190652.41    | 0.02%             | 2026-05-25      | Floating      | 11.89%                | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1250000 | PA      | $1265984.35   | 0.12%             | 2025-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | PLN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $443409.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                            | Credit Suisse Group AG                                                           | CUSIP: 225401AZ1<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    2915000 | PA      | $2520244.29   | 0.24%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                               | Midocean Credit Clo VIII                                                         | CUSIP: 59801MAE8<br>LEI: 549300T32RO3I7BJ4V26 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $239319.60    | 0.02%             | 2031-02-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS SA                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-67.90       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H052611<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1500000 | PA      | $1516618.10   | 0.14%             | 2053-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/THB FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $155484.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                                              | CUSIP: 48128BAG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    2065000 | PA      | $1829559.15   | 0.17%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     225000 | PA      | $215360.53    | 0.02%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     285000 | PA      | $258135.50    | 0.02%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -74140000 | OU      | $-43212.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS VERIZON COMMUNICATIONS INC                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $19637.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                          | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    6000000 | PA      | $5242500.00   | 0.50%             | 2024-05-25      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834DV7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1375000 | PA      | $714462.90    | 0.07%             | 2039-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                          | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2425000 | PA      | $2324688.57   | 0.22%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS & CO. LLC                           | USD/THB FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-170561.87   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_16-K57                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $329.82       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/PHP FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-156495.94   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                          | Virgin Media Secured Finance PLC                                                 | CUSIP: 000000000<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |    2000000 | PA      | $1923412.19   | 0.18%             | 2030-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                             | eG Global Finance PLC                                                            | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |     900000 | PA      | $815286.92    | 0.08%             | 2025-02-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $118040.07    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $248114.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CODERE FINANCE 2 LUXEMBO                          | Codere Finance 2 Luxembourg SA                                                   | CUSIP: 19200EAA5<br>LEI: 2221005CUH65GSJUKB29 | Long             | DBT              | CORP              | LU        |     271187 | PA      | $157288.67    | 0.01%             | 2027-11-30      | Fixed         | 13.62%                | No            |                  2 | On Loan: —       |
| Citibank, National Association                    | USD/BRL FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-31715.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -76320000 | OU      | $-615158.38   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    3525000 | PA      | $2838495.15   | 0.27%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS & CO. LLC                           | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $217108.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-154348.63   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                      | CLP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-114710.33   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     225000 | PA      | $201256.90    | 0.02%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EG Group Limited                                  | EG Finco Ltd                                                                     | CUSIP: 000000000<br>LEI: 2138003OUK4UQHRJLT65 | Long             | LON              | CORP              | GB        |    7300000 | PA      | $6471166.21   | 0.62%             | 2027-04-30      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| CCM MERGER INC                                    | CCM Merger Inc                                                                   | CUSIP: 14985VAE1<br>LEI: 549300P77RSBKKFME089 | Long             | DBT              | CORP              | US        |    2175000 | PA      | $2019431.65   | 0.19%             | 2026-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F060618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     500000 | PA      | $510661.18    | 0.05%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS COMM_13-CR7                                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1308.34      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     200000 | PA      | $167020.16    | 0.02%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GENON HLDGS CLASS A                               | GENON HLDGS CLASS A                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        677 | NS      | $67700.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ENERGY TRANSFER LP                                | Energy Transfer LP                                                               | CUSIP: 29278NAR4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    1280000 | PA      | $1054911.88   | 0.10%             | 2050-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                          | Plains All American Pipeline LP / PAA Finance Corp                               | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1398049.26   | 0.13%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: —       |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-80409.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    4462000 | PA      | $4022939.20   | 0.38%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HPS Investment Partners CLO                       | HPC Investment Partners CLO                                                      | CUSIP: 44330BAM6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     750000 | PA      | $723223.13    | 0.07%             | 2029-10-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Strata CLO, Ltd                                   | Strata CLO I Ltd                                                                 | CUSIP: 86268HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1750000 | PA      | $1726171.48   | 0.16%             | 2031-01-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                             | Indonesia Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     380000 | PA      | $383639.30    | 0.04%             | 2028-06-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                               | Century Communities Inc                                                          | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |     800000 | PA      | $645556.38    | 0.06%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GAZPROM (GAZ CAPITAL SA)                          | Gazprom PJSC Via Gaz Capital SA                                                  | CUSIP: 000000000<br>LEI: 213800568PRHV2JR9650 | Long             | DBT              | CORP              | LU        |    1250000 | PA      | $979265.63    | 0.09%             | 2024-04-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                               | DBWF 2016-85T Mortgage Trust                                                     | CUSIP: 23307CAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     250000 | PA      | $200281.98    | 0.02%             | 2036-12-10      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | TRS TRSBENCH4 INDEX                                                              | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DE               | CORP              | GB        |          1 | NC      | $39635.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 903724BW1<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     650000 | PA      | $152262.50    | 0.01%             | 2026-02-01      | Variable      | 8.99%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                                      | DP World Ltd/United Arab Emirates                                                | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |     500000 | PA      | $555281.27    | 0.05%             | 2030-09-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   87220000 | OU      | $136572.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Government National Mortgage Association                                         | CUSIP: 38382AXK6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    4810373 | PA      | $716141.36    | 0.07%             | 2049-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR                            | Millicom International Cellular SA                                               | CUSIP: 600814AR8<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     720000 | PA      | $588870.00    | 0.06%             | 2031-04-27      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eagle Re 2018-1 Ltd.                              | Eagle RE 2018-1 Ltd                                                              | CUSIP: 269826AA1<br>LEI: 549300BLEDGL5R7YKU33 | Long             | ABS-MBS          | CORP              | US        |      51619 | PA      | $51227.82     | 0.00%             | 2028-11-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| GREYSTONE COML CAP TRUST                          | Greystone Commercial Capital Trust Series 2021-2                                 | CUSIP: 39810DAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    6300000 | PA      | $6048000.00   | 0.58%             | 2025-05-31      | Floating      | 6.16%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-41522.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                              | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAF5<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1738073.52   | 0.17%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-392889.78   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $59133.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC                          | Sensata Technologies Inc                                                         | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |     665000 | PA      | $552953.56    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $1309742.68   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                              | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAX4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     585000 | PA      | $525222.96    | 0.05%             | 2039-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                           | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAY6<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     546000 | PA      | $520312.52    | 0.05%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| OWENS CORNING                                     | Owens Corning                                                                    | CUSIP: 690742AH4<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |     600000 | PA      | $474232.31    | 0.05%             | 2048-01-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                          | Discovery Communications LLC                                                     | CUSIP: 25470DAT6<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |     645000 | PA      | $501566.04    | 0.05%             | 2047-09-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                              | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAE8<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    1251000 | PA      | $1235840.22   | 0.12%             | 2027-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| GAZPROM (GAZ CAPITAL SA)                          | Gazprom PJSC Via Gaz Capital SA                                                  | CUSIP: 000000000<br>LEI: 213800568PRHV2JR9650 | Long             | DBT              | CORP              | LU        |    2000000 | PA      | $1479524.44   | 0.14%             | 2023-03-06      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                            | NXP BV / NXP Funding LLC / NXP USA Inc                                           | CUSIP: 62954HAX6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     675000 | PA      | $606993.75    | 0.06%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/CLP FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $93386.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED GROUP BV                                   | United Group BV                                                                  | CUSIP: 000000000<br>LEI: 213800PC85O8BJ7DU398 | Long             | DBT              | CORP              | NL        |    2000000 | PA      | $1723557.43   | 0.16%             | 2026-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| BELLIS FINCO PLC                                  | Bellis Finco PLC                                                                 | CUSIP: 000000000<br>LEI: 259400ELWH6Z4ICFTD70 | Long             | DBT              | CORP              | GB        |    3500000 | PA      | $2975373.44   | 0.28%             | 2027-02-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLAS LUXCO 4 / ALL UNI                           | Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl     | CUSIP: 019579AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     680000 | PA      | $571200.00    | 0.05%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Loan Revolving Advance Investm                    | Loan Revolving Advance Investment Trust 2021-2                                   | CUSIP: 53958V102<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5245016 | PA      | $5189319.74   | 0.49%             | 2023-06-30      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| WYNN MACAU LTD                                    | Wynn Macau Ltd                                                                   | CUSIP: 98313RAG1<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    1600000 | PA      | $1440000.00   | 0.14%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| REPUBLIC OF SERBIA                                | Serbia International Bond                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    2391000 | PA      | $2194637.30   | 0.21%             | 2027-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                          | CUSIP: 19767QAS4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1626696.60   | 0.15%             | 2036-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                            | Eskom Holdings SOC Ltd                                                           | CUSIP: 29646AAA4<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    2050000 | PA      | $1998750.00   | 0.19%             | 2023-08-06      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HELLENIC REPUBLIC                                 | Hellenic Republic Government International Bond                                  | CUSIP: 000000000<br>LEI: 2138003EKTMKZ5598902 | Long             | DBT              | NUSS              | GR        |     120000 | PA      | $129661.87    | 0.01%             | 2034-07-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                          | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2800000 | PA      | $2646362.35   | 0.25%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP                          | Sally Holdings LLC / Sally Capital Inc                                           | CUSIP: 79546VAL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1675000 | PA      | $1603877.22   | 0.15%             | 2025-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                         | Anchorage Capital CLO 21 Ltd                                                     | CUSIP: 03331KAC3<br>LEI: 54930063NKPB83QNUF90 | Long             | ABS-CBDO         | CORP              | KY        |    7500000 | PA      | $7206522.75   | 0.69%             | 2034-10-20      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| DBWF Mortgage Trust                               | DBWF 2016-85T Mortgage Trust                                                     | CUSIP: 23307CAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     250000 | PA      | $208958.65    | 0.02%             | 2036-12-10      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                         | Boeing Co/The                                                                    | CUSIP: 097023CF0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $981178.26    | 0.09%             | 2059-03-01      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                          | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    2000000 | PA      | $1740000.00   | 0.17%             | 2024-05-25      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                          | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     825000 | PA      | $635404.16    | 0.06%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SAGA PLC                                          | Saga PLC                                                                         | CUSIP: 000000000<br>LEI: 2138004WWUJN94K2LH95 | Long             | DBT              | CORP              | GB        |    3650000 | PA      | $3167397.00   | 0.30%             | 2026-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                       | Vistra Corp                                                                      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      10516 | NS      | $255854.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF68                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1168.50      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bank of America, National Association             | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-80726.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                        | AbbVie Inc                                                                       | CUSIP: 00287YAS8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     715000 | PA      | $657359.72    | 0.06%             | 2045-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/ILS FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $94311.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA CORP                                       | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    3125000 | PA      | $2988453.00   | 0.28%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                   | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    1917000 | PA      | $1763400.38   | 0.17%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| DANA INC                                          | Dana Inc                                                                         | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    3015000 | PA      | $2775438.29   | 0.26%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   87850000 | OU      | $156058.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| St Pauls CLO                                      | St Pauls CLO                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    8500000 | PA      | $7163302.42   | 0.68%             | 2032-01-17      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA EXIMBANK                                | Lembaga Pembiayaan Ekspor Indonesia                                              | CUSIP: 000000000<br>LEI: 254900ORQ4IYCZ7CC308 | Long             | DBT              | NUSS              | ID        |     801000 | PA      | $780061.86    | 0.07%             | 2024-04-06      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                            | Williams Cos Inc/The                                                             | CUSIP: 96950FAP9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |      76000 | PA      | $66002.37     | 0.01%             | 2045-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | HUF/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $1951961.34   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                           | American Axle & Manufacturing Inc                                                | CUSIP: 02406PAU4<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1316942.65   | 0.13%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    1140000 | PA      | $229545.95    | 0.02%             | 2032-01-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2019-R07                                     | CUSIP: 20753WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     176745 | PA      | $176082.41    | 0.02%             | 2039-10-25      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                          | Anheuser-Busch InBev Worldwide Inc                                               | CUSIP: 03523TBV9<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    1320000 | PA      | $1352957.69   | 0.13%             | 2049-01-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LIGHT SERVICOS ENERGIA                            | Light Servicos de Eletricidade SA/Light Energia SA                               | CUSIP: 53227QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    2000000 | PA      | $1633000.00   | 0.16%             | 2026-06-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                             | Caesars Entertainment Inc                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    1050000 | PA      | $883411.97    | 0.08%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| PUGET ENERGY INC                                  | Puget Energy Inc                                                                 | CUSIP: 745310AK8<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    4130000 | PA      | $3728552.77   | 0.35%             | 2030-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| COOPER-STANDARD AUTOMOTI                          | Cooper-Standard Automotive Inc                                                   | CUSIP: 216762AF1<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |      75000 | PA      | $31547.99     | 0.00%             | 2026-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| BEAZER HOMES USA                                  | Beazer Homes USA Inc                                                             | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     125000 | PA      | $109286.52    | 0.01%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                            | Lumen Technologies Inc                                                           | CUSIP: 156700AM8<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    1230000 | PA      | $856316.48    | 0.08%             | 2039-09-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                            | Marriott International Inc/MD                                                    | CUSIP: 571903BE2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     920000 | PA      | $863663.15    | 0.08%             | 2030-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   74140000 | OU      | $131703.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANK NA                             | Texas Capital Bank NA                                                            | CUSIP: 88225GAA6<br>LEI: 38PG5GG0OEQK4QMSKE59 | Long             | DBT              | CORP              | US        |    5340000 | PA      | $5122125.12   | 0.49%             | 2024-09-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                           | Legacy LifePoint Health LLC                                                      | CUSIP: 53219LAS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      50000 | PA      | $41886.34     | 0.00%             | 2027-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $76658.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | CZK/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-964605.53   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                      | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-49254.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                            | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1216307.06   | 0.12%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| HILCORP ENERGY I/HILCORP                          | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     675000 | PA      | $619394.57    | 0.06%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87220000 | OU      | $-342308.26   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust 2019-MEAD                                         | CUSIP: 61771LAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  297065000 | PA      | $251584.35    | 0.02%             | 2036-11-10      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| BVRT_21-4F                                        | BVRT_21-4F                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5835280 | PA      | $5806103.70   | 0.55%             | 2026-09-12      | Floating      | 2.05%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                    | JPMorgan Chase Bank NA - CACLN                                                   | CUSIP: 46591HBU3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     231928 | PA      | $223085.12    | 0.02%             | 2028-09-25      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CG4<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |     450000 | PA      | $448732.13    | 0.04%             | 2025-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.38.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -84800000 | OU      | $-3118.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF PANAMA                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $10504.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/PHP FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-274212.18   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT                                | Ukraine Government International Bond                                            | CUSIP: 903724AP7<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    3550000 | PA      | $964712.50    | 0.09%             | 2024-09-01      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                   | CMS Energy Corp                                                                  | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    1550000 | PA      | $1302937.67   | 0.12%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                       | Asurion LLC                                                                      | CUSIP: 04649VAW0<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     707077 | PA      | $676849.39    | 0.06%             | 2024-11-03      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                            | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1740000 | PA      | $1474315.38   | 0.14%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| BRINKER INTERNATIONAL IN                          | Brinker International Inc                                                        | CUSIP: 109641AH3<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    2900000 | PA      | $2799436.18   | 0.27%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS SA                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-67.90       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                           | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    1040000 | PA      | $976261.86    | 0.09%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   84875000 | OU      | $10087.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE INTERNATIONAL                       | CDS EQT CORP                                                                     | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $28927.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E CORP                                         | PG&E Corp                                                                        | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    1446000 | PA      | $1308062.31   | 0.12%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage A                    | Government National Mortgage Association                                         | CUSIP: 38379WM25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3546123 | PA      | $3165323.90   | 0.30%             | 2046-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                          | iHeartCommunications Inc                                                         | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |     582438 | PA      | $544822.05    | 0.05%             | 2026-05-01      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-283877.78   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   76320000 | OU      | $27129.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-174896.99   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $778652.98    | 0.07%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                          | Altice France Holding SA                                                         | CUSIP: 000000000<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    1000000 | PA      | $698721.28    | 0.07%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HURRICANE FINANCE                                 | Hurricane Finance PLC                                                            | CUSIP: 000000000<br>LEI: 984500D85P5I84C05891 | Long             | DBT              | CORP              | GB        |    2500000 | PA      | $2828571.09   | 0.27%             | 2025-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KB HOME                                           | KB Home                                                                          | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |     941000 | PA      | $938211.94    | 0.09%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Citibank, National Association                    | USD/BRL FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $32488.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TFS_18-3                                          | TFS_18-3                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | N/A       |          1 | PA      | $437.05       | 0.00%             | 2040-04-16      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| DOMINION ENERGY INC                               | Dominion Energy Inc                                                              | CUSIP: 25746UDD8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    2625000 | PA      | $2261253.67   | 0.22%             | N/A             | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                 | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-93259.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ELECTRICIDAD FIRME DE ME                          | Electricidad Firme de Mexico Holdings SA de CV                                   | CUSIP: 28504MAA1<br>LEI: 549300B9KK10OSYRIY06 | Long             | DBT              | CORP              | MX        |    1180000 | PA      | $982202.50    | 0.09%             | 2026-11-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| J.P. MORGAN SECURITIES LLC                        | TWD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-262015.26   | -0.02%            |  |  |  | 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        |    3670000 | PA      | $3372048.11   | 0.32%             | 2041-10-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1250000 | PA      | $531250.00    | 0.05%             | 2029-02-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS GOVERNMENT OF MEXICO                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $127851.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 64072UAE2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |     638182 | PA      | $610261.37    | 0.06%             | 2025-07-17      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1515000 | PA      | $1488516.62   | 0.14%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                              | Las Vegas Sands Corp                                                             | CUSIP: 517834AF4<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     255000 | PA      | $219176.02    | 0.02%             | 2029-08-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1220000 | PA      | $1245569.58   | 0.12%             | 2024-02-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FHQ30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   75320115 | PA      | $326640.74    | 0.03%             | 2024-03-25      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC               | Ascent Resources Utica Holdings LLC                                              | CUSIP: 000000000<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | LON              | CORP              | US        |    2105000 | PA      | $2220775.00   | 0.21%             | 2025-11-01      | Floating      | 12.94%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | CLP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-194421.99   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ACCO BRANDS CORP                                  | ACCO Brands Corp                                                                 | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |    2675000 | PA      | $2237569.21   | 0.21%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| TPC GRP INC                                       | TPC GRP INC                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     118902 | PA      | $118902.29    | 0.01%             | 2023-05-31      | Floating      | 4.75%                 | No            |                  3 | On Loan: No      |
| VEDANTA RESOURCES                                 | Vedanta Resources Finance II PLC                                                 | CUSIP: 000000000<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    2430000 | PA      | $2071271.25   | 0.20%             | 2024-01-21      | Fixed         | 13.88%                | No            |                  2 | On Loan: —       |
| Carlyle Global Market Strategi                    | Carlyle Euro CLO 2019-1 DAC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | IE        |    8250000 | PA      | $8061056.00   | 0.77%             | 2032-03-15      | Floating      | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F022618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    5000000 | PA      | $4280664.10   | 0.41%             | 2053-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                              | OneMain Finance Corp                                                             | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     900000 | PA      | $679752.66    | 0.06%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                 | CDS GAZPROM PAO                                                                  | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $363445.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                  | Altria Group Inc                                                                 | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $948508.25    | 0.09%             | 2030-05-06      | Fixed         | 3.40%                 | 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        |    5000000 | PA      | $3947586.00   | 0.38%             | 2035-05-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG                             | Intelsat Jackson Holdings SA                                                     | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |    4585000 | PA      | $4.59         | 0.00%             | 2023-08-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-87267.93    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                          | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     175000 | PA      | $174751.25    | 0.02%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                          | CUSIP: 404119AJ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2124616.76   | 0.20%             | 2033-11-06      | Fixed         | 7.50%                 | 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        |     250000 | PA      | $190305.63    | 0.02%             | 2038-08-05      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_18-KF56                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1655.79      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Citibank, National Association                    | USD/ILS FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-129919.57   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS HOST HOTELS & RESORTS LP                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $10544.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                               | JPMorgan Chase & Co                                                              | CUSIP: 48128BAF8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    8150000 | PA      | $7502005.64   | 0.71%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | CZK/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $23341.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TPC GROUP INC                                     | TPC Group Inc                                                                    | CUSIP: 89236YAC8<br>LEI: 549300K276KVW5JD1583 | Long             | DBT              | CORP              | US        |     523648 | PA      | $515793.28    | 0.05%             | 2024-08-01      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF INDONESIA                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-53904.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -72000000 | OU      | $-10815.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TAYLOR MORR COMM/HLDGS                            | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc                | CUSIP: 877249AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     350000 | PA      | $345625.00    | 0.03%             | 2024-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DISCOVER BANK                                     | Discover Bank                                                                    | CUSIP: 25466AAR2<br>LEI: X05BVSK68TQ7YTOSNR22 | Long             | DBT              | CORP              | US        |    3275000 | PA      | $2624589.59   | 0.25%             | 2030-02-06      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| DBGS Mortgage Trust                               | DBGS 2018-BIOD Mortgage Trust                                                    | CUSIP: 23306GAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     319817 | PA      | $301460.57    | 0.03%             | 2035-05-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF PHILIPPINES                                                      | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-12531.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                    | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     605000 | PA      | $526416.83    | 0.05%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $1188.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F0526C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2000000 | PA      | $2022704.34   | 0.19%             | 2052-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                              | ERAC USA Finance LLC                                                             | CUSIP: 26884TAS1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |     100000 | PA      | $77144.66     | 0.01%             | 2046-11-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                            | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |      90000 | PA      | $44271.09     | 0.00%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                          | Altice France Holding SA                                                         | CUSIP: 000000000<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |     300000 | PA      | $209294.06    | 0.02%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust Inc                     | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09259GAC7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |     760284 | PA      | $740326.11    | 0.07%             | 2026-04-23      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-97001.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS SLG_21-OVA                                                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1575.64      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H0406C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3500000 | PA      | $3340722.63   | 0.32%             | 2052-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     345000 | PA      | $321595.09    | 0.03%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/THB FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $208431.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AH0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1250000 | PA      | $537500.00    | 0.05%             | 2028-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS CASINO GUICHARD PERRACHON SA                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-569035.54   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                      | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-5813848.80  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| VTB BANK (VTB CAPITAL SA                          | VTB Bank OJSC Via VTB Capital SA                                                 | CUSIP: 000000000<br>LEI: 529900Z143LRJYE8LK88 | Long             | DBT              | CORP              | LU        |    2240000 | PA      | $107261.73    | 0.01%             | 2022-10-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4989000 | PA      | $3883624.69   | 0.37%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| JEFFERSON MILL CLO LTD                            | Jefferson Mill CLO Ltd                                                           | CUSIP: 47421MAY9<br>LEI: 549300RV1TCF15DHXS87 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $467437.90    | 0.04%             | 2031-10-20      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                  | MGM Resorts International                                                        | CUSIP: 552953CE9<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |      50000 | PA      | $48887.45     | 0.00%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F0226C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   36500000 | PA      | $31221758.00  | 2.97%             | 2052-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEMAK SAB DE CV                                   | Nemak SAB de CV                                                                  | CUSIP: 64045DAC8<br>LEI: 5493000MY3DAIB0BP706 | Long             | DBT              | CORP              | MX        |    1190000 | PA      | $913176.25    | 0.09%             | 2031-06-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | HUF/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-234633.22   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Carlyle Euro CLO                                  | Carlyle Euro CLO 2021-2 DAC                                                      | CUSIP: 000000000<br>LEI: 635400GXUD5SKWFXE966 | Long             | ABS-CBDO         | CORP              | IE        |    9100000 | PA      | $7458492.33   | 0.71%             | 2035-10-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Ares Euro CLO                                     | Ares European CLO VI DAC                                                         | CUSIP: 000000000<br>LEI: 635400IKZCKH2JKELA27 | Long             | ABS-CBDO         | CORP              | IE        |    4450000 | PA      | $4366276.34   | 0.42%             | 2030-04-15      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                    | Bombardier Inc                                                                   | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    7475000 | PA      | $7336338.75   | 0.70%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| SMYRNA READY MIX CONCRET                          | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    2125000 | PA      | $1891134.02   | 0.18%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | INR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-24630.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                 | Eurex 10 Year Euro BUND                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -84 | NC      | $414334.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | PLN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $595489.46    | 0.06%             |  |  |  | No            |                  2 | 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        |    5900000 | PA      | $5418935.24   | 0.52%             | 2038-06-15      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA4                                          | CUSIP: 35565XBD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    4133357 | PA      | $4374910.20   | 0.42%             | 2050-08-25      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    1480000 | PA      | $1066980.09   | 0.10%             | 2031-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: —       |
| GAP INC/THE                                       | Gap Inc/The                                                                      | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     850000 | PA      | $641659.36    | 0.06%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                          | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1004000 | PA      | $1244981.31   | 0.12%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1075000 | PA      | $655750.00    | 0.06%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                            | Brixmor Operating Partnership LP                                                 | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    1590000 | PA      | $1397618.35   | 0.13%             | 2030-07-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                          | AES Panama Generation Holdings SRL                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |    3701000 | PA      | $3096811.75   | 0.29%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                                | Mattamy Group Corp                                                               | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    3575000 | PA      | $2944906.25   | 0.28%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                    | Carlyle Euro CLO 2017-2 DAC                                                      | CUSIP: 000000000<br>LEI: 635400AWOJYIRR64GJ58 | Long             | ABS-CBDO         | CORP              | IE        |    5000000 | PA      | $4894878.86   | 0.47%             | 2030-08-15      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                      | Calpine Corp                                                                     | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     745000 | PA      | $681577.90    | 0.06%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                       | CDS PETROLEOS MEXICANOS                                                          | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DCR              | CORP              | FR        |          1 | NC      | $-3734.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA ASAHAN ALUMINI                          | Indonesia Asahan Aluminium Persero PT                                            | CUSIP: 000000000<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |    1710000 | PA      | $1711923.75   | 0.16%             | 2028-11-15      | Fixed         | 6.53%                 | 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        |     707508 | PA      | $168252.28    | 0.02%             | 2048-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2019-3 Ltd                                                         | CUSIP: 07877GAB5<br>LEI: 254900SCWI9IDKK5LV64 | Long             | ABS-MBS          | CORP              | BM        |     255254 | PA      | $255041.37    | 0.02%             | 2029-07-25      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                          | Enterprise Products Operating LLC                                                | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     200000 | PA      | $179017.90    | 0.02%             | 2077-08-16      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| TH MSR ISSUER TRUST                               | TH MSR issuer Trust                                                              | CUSIP: 87271AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   10600000 | PA      | $9867797.58   | 0.94%             | 2024-06-25      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                    | Barclays Commercial Mortgage Trust 2019-C4                                       | CUSIP: 07335CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   43170000 | PA      | $2596451.02   | 0.25%             | 2052-08-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| LAMB WESTON HLD                                   | Lamb Weston Holdings Inc                                                         | CUSIP: 513272AE4<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |     750000 | PA      | $663933.38    | 0.06%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GS_21-PJ                                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $5566.12      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FORD MOTOR COMPANY                                | Ford Motor Co                                                                    | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    3175000 | PA      | $2355173.31   | 0.22%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                          | Diamond Sports Group LLC                                                         | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |    2338294 | PA      | $372665.66    | 0.04%             | 2026-08-24      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/PEN FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $58426.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1300000 | PA      | $1061570.67   | 0.10%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| ENERGEAN ISRAEL FINANCE                           | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    1000000 | PA      | $966250.00    | 0.09%             | 2024-03-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                           | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    1320000 | PA      | $1207800.00   | 0.11%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS WELLS FARGO & COMPANY                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $51213.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMENT HLDGS                           | AMC Entertainment Holdings Inc                                                   | CUSIP: 00165CAP9<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |     901510 | PA      | $337042.77    | 0.03%             | 2026-06-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-64290.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834JH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     640000 | PA      | $308950.00    | 0.03%             | 2040-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                      | Novelis Corp                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1347265.13   | 0.13%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| CALPINE CORP                                      | Calpine Corp                                                                     | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    2775000 | PA      | $2402119.03   | 0.23%             | 2029-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| BARCLAYS PLC                                      | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $125156.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United AirLines Inc                               | United Airlines Inc                                                              | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    1236832 | PA      | $1220018.99   | 0.12%             | 2028-04-21      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                              | Kraft Heinz Foods Co                                                             | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     595000 | PA      | $558873.44    | 0.05%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | KRW/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $509080.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                          | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     825000 | PA      | $821697.35    | 0.08%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | CZK/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-881060.13   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-227311.77   | -0.02%            |  |  |  | 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        |        568 | NC      | $264374.60    | 0.03%             |  |  |  | No            |                  1 | 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        |    3090000 | PA      | $2904856.78   | 0.28%             | 2036-10-15      | Floating      | 8.43%                 | No            |                  2 | 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      | $188003.75    | 0.02%             | 2036-08-14      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION             | CDS INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |          1 | NC      | $12687.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                          | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     675000 | PA      | $531119.59    | 0.05%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-DNA5                                          | CUSIP: 35566ABD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     630000 | PA      | $624490.97    | 0.06%             | 2050-10-25      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac STACR REMIC Trust 2020-HQA4                                          | CUSIP: 35565RBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1080000 | PA      | $1097526.35   | 0.10%             | 2050-09-25      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1350000 | PA      | $1224873.64   | 0.12%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS INTERNATIONAL                       | CDS BOEING CO                                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $11605.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                    | JPMorgan Chase Bank NA - CACLN                                                   | CUSIP: 46591HBC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     700000 | PA      | $675941.84    | 0.06%             | 2028-02-25      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                   | United States Treasury Note/Bond                                                 | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   11620000 | PA      | $8932875.00   | 0.85%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-22060.41    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                             | Southwest Airlines Co                                                            | CUSIP: 844741BK3<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |     695000 | PA      | $701026.40    | 0.07%             | 2027-06-15      | Fixed         | 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        |    6162500 | PA      | $5814461.10   | 0.55%             | 2036-10-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                | Serbia International Bond                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    2110000 | PA      | $1423477.71   | 0.14%             | 2033-03-03      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Cold Storage Trust                                | Cold Storage Trust 2020-ICE5                                                     | CUSIP: 193051AQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1769383 | PA      | $1685025.66   | 0.16%             | 2037-11-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $39744.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                                | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    1900000 | PA      | $1852025.00   | 0.18%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| FREEPORT INDONESIA PT                             | Freeport Indonesia PT                                                            | CUSIP: 69377FAB2<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     820000 | PA      | $752350.00    | 0.07%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834AU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1170000 | PA      | $613153.13    | 0.06%             | 2039-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2450000 | PA      | $2086883.49   | 0.20%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-56.56       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | COP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $81074.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA                              | Kallpa Generacion SA                                                             | CUSIP: 156830AA9<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |    1310000 | PA      | $1192345.63   | 0.11%             | 2027-08-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GSMS_21-ARDN                                                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $436.78       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JAPAN FIN ORG MUNICIPAL                           | Japan Finance Organization for Municipalities                                    | CUSIP: 471068AQ9<br>LEI: 5493007YYYNZ4NMEOD64 | Long             | DBT              | NUSS              | JP        |     200000 | PA      | $189957.96    | 0.02%             | 2024-09-05      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MARKET BIDCO FINCO PLC                            | Market Bidco Finco PLC                                                           | CUSIP: 000000000<br>LEI: 549300UGYX6EBVHRVG53 | Long             | DBT              | CORP              | GB        |    3064000 | PA      | $2805374.71   | 0.27%             | 2027-11-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | US ULTRA TREASURY BOND                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -46 | NC      | $-25581.52    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citibank, National Association                    | USD/CHF FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-38849.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $197572.82    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ARABIAN CENTRES SUKUK                             | Arabian Centres Sukuk Ltd                                                        | CUSIP: 03847PAA3<br>LEI: 5493003T55GS691ILI42 | Long             | DBT              | CORP              | KY        |    1655000 | PA      | $1567905.63   | 0.15%             | 2024-11-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | EUR/HUF FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $24914.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/CNH FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $104058.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                     | CUSIP: 06738EBM6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    2865000 | PA      | $2230244.35   | 0.21%             | 2031-06-24      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Rathlin Residential                               | Rathlin Residential 2021-1 DAC                                                   | CUSIP: 000000000<br>LEI: 635400C7HSB9QLJBUZ78 | Long             | ABS-O            | CORP              | IE        |    4972028 | PA      | $4942635.05   | 0.47%             | 2075-09-27      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                             | Bausch Health Cos Inc                                                            | CUSIP: 071734AD9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    1225000 | PA      | $532875.00    | 0.05%             | 2028-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-60590.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                              | CITGO Petroleum Corp                                                             | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1084465.75   | 0.10%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP                               | Sprint Capital Corp                                                              | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3586914.54   | 0.34%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                          | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp               | CUSIP: 74052HAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1525000 | PA      | $1161444.03   | 0.11%             | 2031-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF TURKEY                                                           | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1982998.32   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred    | FERRELLGAS ESCROW LLC 3/30/31 Equity Preferred                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    3925000 | NS      | $3925000.00   | 0.37%             |  |  |  | No            |                  3 | On Loan: No      |
| BARCLAYS PLC                                      | USD/CLP FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $214056.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 06051GJA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     750000 | PA      | $615320.19    | 0.06%             | 2051-03-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS ARAB REPUBLIC OF EGYPT                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $496491.63    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F030611<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   10000000 | PA      | $8855358.00   | 0.84%             | 2053-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                              | CUSIP: 83368RBL5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    3000000 | PA      | $2793118.50   | 0.27%             | 2033-06-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | KRW/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $296037.82    | 0.03%             |  |  |  | No            |                  2 | 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        |   11200000 | PA      | $10165204.00  | 0.97%             | 2031-05-15      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| JSM GLOBAL SARL                                   | JSM Global Sarl                                                                  | CUSIP: 46592BAA0<br>LEI: 222100JFIJNVE1XMFY68 | Long             | DBT              | CORP              | LU        |    1725000 | PA      | $1086750.00   | 0.10%             | 2030-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                       | BNP Paribas SA                                                                   | CUSIP: 09659W2K9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    2020000 | PA      | $1668420.82   | 0.16%             | 2031-01-13      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                  | CVC Cordatus Loan Fund III DAC                                                   | CUSIP: 000000000<br>LEI: 213800XV458LVR3TU384 | Long             | ABS-CBDO         | CORP              | IE        |     500000 | PA      | $490596.33    | 0.05%             | 2032-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/KRW FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $14615.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $94057.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-197.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                           | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-90798.99    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | IDR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-7694.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AKER BP ASA                                       | Aker BP ASA                                                                      | CUSIP: 00973RAF0<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |     150000 | PA      | $132795.63    | 0.01%             | 2030-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS HALLIBURTON COMPANY                                                          | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $32355.97     | 0.00%             |  |  |  | No            |                  2 | 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        |       1157 | NC      | $560854.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS AT&T INC                                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $8567.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                  | Beazer Homes USA Inc                                                             | CUSIP: 07556QBT1<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    3233000 | PA      | $2855275.00   | 0.27%             | 2029-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS & CO. LLC                           | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |          1 | NC      | $886564.28    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H032613<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    8000000 | PA      | $7430000.00   | 0.71%             | 2053-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                              | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAM8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     855000 | PA      | $807506.15    | 0.08%             | 2045-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | MXN/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-94835.14    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                            | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     496000 | PA      | $475388.51    | 0.05%             | 2026-08-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                 | Eurex 5 Year Euro BOBL                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -225 | NC      | $666172.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TPC GROUP INC                                     | TPC Group Inc                                                                    | CUSIP: 89236YAB0<br>LEI: 549300K276KVW5JD1583 | Long             | DBT              | CORP              | US        |    2125000 | PA      | $1264345.44   | 0.12%             | 2024-08-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| JAPAN FIN ORG MUNICIPAL                           | Japan Finance Organization for Municipalities                                    | CUSIP: 471068AP1<br>LEI: 5493007YYYNZ4NMEOD64 | Long             | DBT              | NUSS              | JP        |     200000 | PA      | $195534.66    | 0.02%             | 2024-03-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                                 | At Home Group Inc                                                                | CUSIP: 04650YAA8<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |     550000 | PA      | $403627.06    | 0.04%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| CEMEX SAB DE CV                                   | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     583000 | PA      | $523067.60    | 0.05%             | 2030-09-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-4528929.00  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| BEAZER HOMES USA                                  | Beazer Homes USA Inc                                                             | CUSIP: 07556QBM6<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |     500000 | PA      | $481394.47    | 0.05%             | 2025-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                   | Cemex SAB de CV                                                                  | CUSIP: 151290BW2<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     560000 | PA      | $567140.00    | 0.05%             | 2027-06-05      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                               | Petroleos Mexicanos                                                              | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     241000 | PA      | $200331.25    | 0.02%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                                | Howard Hughes Corp/The                                                           | CUSIP: 44267DAE7<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $3352747.36   | 0.32%             | 2029-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                          | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 054644AA7<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |    2595000 | PA      | $2022478.13   | 0.19%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                          | Warnermedia Holdings Inc                                                         | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     810000 | PA      | $627327.46    | 0.06%             | 2052-03-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: —       |
| GLP CAPITAL LP / FIN II                           | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     745000 | PA      | $710345.39    | 0.07%             | 2024-09-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| LA FINAC ATALIAN SA                               | La Financiere Atalian SASU                                                       | CUSIP: 000000000<br>LEI: 969500ICOLJMB33J0L87 | Long             | DBT              | CORP              | FR        |    3307000 | PA      | $2930098.82   | 0.28%             | 2024-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIGICEL LTD                                       | Digicel Ltd                                                                      | CUSIP: 25380QAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    1375000 | PA      | $522500.00    | 0.05%             | 2023-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TECK RESOURCES LIMITED                            | Teck Resources Ltd                                                               | CUSIP: 878742AS4<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |     722000 | PA      | $682740.38    | 0.06%             | 2040-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $361101.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | USD/TWD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $49044.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/CNH FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $74490.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/PHP FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-61342.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/SGD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-234889.94   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMANIA                                           | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     742000 | PA      | $582616.72    | 0.06%             | 2035-10-29      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                          | Scientific Games International Inc                                               | CUSIP: 80874YBG4<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1185970.67   | 0.11%             | 2025-07-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-1647.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87850000 | OU      | $-51203.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STRIPS                                            | United States Treasury Strip Coupon                                              | CUSIP: 912834NP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2230000 | PA      | $911599.60    | 0.09%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                                   | Cemex SAB de CV                                                                  | CUSIP: 151290BV4<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     595000 | PA      | $547325.63    | 0.05%             | 2029-11-19      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137F2LL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    7329343 | PA      | $200706.00    | 0.02%             | 2027-06-25      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                               | Griffon Corp                                                                     | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |     665000 | PA      | $618523.95    | 0.06%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS PETROLEOS MEXICANOS SA                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-169.76      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | ILS/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-107835.55   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FEL ENERGY VI SARL                                | FEL Energy VI Sarl                                                               | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |    2350012 | PA      | $1915259.37   | 0.18%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                      | Eagle RE 2019-1 Ltd                                                              | CUSIP: 269822AB8<br>LEI: 254900L82OLW9QTLJ788 | Long             | ABS-MBS          | CORP              | US        |      90235 | PA      | $86967.55     | 0.01%             | 2029-04-25      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                  | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    4000000 | PA      | $2724499.40   | 0.26%             | 2030-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/IDR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-137827.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | INR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $20746.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                   | AdaptHealth LLC                                                                  | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     700000 | PA      | $588776.13    | 0.06%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -84875000 | OU      | $-523565.17   | -0.05%            |  |  |  | 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        |    5000000 | PA      | $4851879.50   | 0.46%             | 2036-05-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS GOVERNMENT OF MALAYSIA                                                       | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-40716.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | ZAR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $94485.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | USD/CZK FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-158821.77   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 AA PTT                          | United Airlines 2019-2 Class AA Pass Through Trust                               | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     406881 | PA      | $318381.11    | 0.03%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  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      | $550201.98    | 0.05%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                            | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1775000 | PA      | $1698760.15   | 0.16%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2150000 | PA      | $1944343.02   | 0.19%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| REPUBLICA ORIENT URUGUAY                          | Uruguay Government International Bond                                            | CUSIP: 760942BD3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     100000 | PA      | $96750.00     | 0.01%             | 2055-04-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS EMIRATE OF ABU DHABI                                                         | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-52542.12    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                                | CUSIP: 3136B3AL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1500000 | PA      | $1316956.95   | 0.13%             | 2048-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU                           | AI Candelaria Spain SA                                                           | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    2720000 | PA      | $1978800.00   | 0.19%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bilbao CLO                                        | Bilbao CLO IV DAC                                                                | CUSIP: 000000000<br>LEI: 549300PSOBYVOTLZRS47 | Long             | ABS-CBDO         | CORP              | IE        |    5900000 | PA      | $5514288.63   | 0.52%             | 2036-04-15      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                               | Freddie Mac Stacr Remic Trust 2020-HQA2                                          | CUSIP: 35565LAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     118286 | PA      | $117731.58    | 0.01%             | 2050-03-25      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    2820000 | PA      | $2330566.30   | 0.22%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                     | TopBuild Corp                                                                    | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    1050000 | PA      | $845010.78    | 0.08%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                          | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |     225000 | PA      | $186774.01    | 0.02%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES                             | Healthpeak Properties Inc                                                        | CUSIP: 42250PAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |     505000 | PA      | $427449.46    | 0.04%             | 2031-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     500000 | PA      | $428733.73    | 0.04%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                                     | Radnor RE 2021-2 Ltd                                                             | CUSIP: 75049GAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    3700000 | PA      | $3480940.02   | 0.33%             | 2031-11-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                  | Connecticut Avenue Securities Trust 2019-R03                                     | CUSIP: 20753MAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     384236 | PA      | $382794.93    | 0.04%             | 2031-09-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS FREMF_19-KF71                                                                | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $980.72       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SoFi RR Funding II Trust                          | Sofi RR Funding II Trust 2019-1                                                  | CUSIP: 83405EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      84325 | PA      | $82147.98     | 0.01%             | 2024-11-29      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AL9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    4600000 | PA      | $4533300.00   | 0.43%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS GS_21-PJ2                                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $5773.94      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CA MAGNUM HOLDINGS                                | CA Magnum Holdings                                                               | CUSIP: 12674CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | CORP              | MU        |     535000 | PA      | $470800.00    | 0.04%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC            | CDS REPUBLIC OF ARGENTINA                                                        | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1457266.46   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG                             | Intelsat Jackson Holdings SA                                                     | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |      75000 | PA      | $0.08         | 0.00%             | 2025-07-15      | Fixed         | 9.75%                 | No            |                  3 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F0306C7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   18000000 | PA      | $15929097.48  | 1.52%             | 2052-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                | CLP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-214295.28   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re Ltd                                                                | CUSIP: 07876MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    2280000 | PA      | $2168317.39   | 0.21%             | 2031-03-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| GCC Home Equity Trust                             | Greystone Commercial Capital Trust Series 2021-3                                 | CUSIP: 39810EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5500000 | PA      | $5414610.30   | 0.52%             | 2023-08-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                             | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1410781.77   | 0.13%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL                          | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    2217435 | PA      | $1396984.05   | 0.13%             | 2025-12-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: —       |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   90010000 | OU      | $48019.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Peraton Corp                                      | Peraton Corp                                                                     | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    1789158 | PA      | $1744429.10   | 0.17%             | 2028-02-01      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | Credit Suisse Mortgage Capital Certificates 2019-ICE4                            | CUSIP: 12653VAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2100000 | PA      | $2011561.44   | 0.19%             | 2036-05-15      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | PHP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $30502.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                               | Intesa Sanpaolo SpA                                                              | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |     700000 | PA      | $510013.00    | 0.05%             | 2032-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UBS Securities LLC                                | USD/COP FORWARD                                                                  | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | N/A              | DFE              | CORP              | US        |          1 | NC      | $13288.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                            | BP Capital Markets PLC                                                           | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    3080000 | PA      | $2931707.24   | 0.28%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                           | Sasol Financing USA LLC                                                          | CUSIP: 80386WAA3<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    1450000 | PA      | $1435572.50   | 0.14%             | 2024-03-27      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   72000000 | OU      | $33286.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                               | Oportun Funding XIV LLC                                                          | CUSIP: 68377BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     400000 | PA      | $364163.24    | 0.03%             | 2028-03-08      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                              | DH Europe Finance II Sarl                                                        | CUSIP: 000000000<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |     775000 | PA      | $592920.00    | 0.06%             | 2039-09-18      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H0426C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    6000000 | PA      | $5876484.36   | 0.56%             | 2052-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                            | Pacific Gas and Electric Co                                                      | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    1750000 | PA      | $1602980.56   | 0.15%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                          | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2D8<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    1915000 | PA      | $1655038.75   | 0.16%             | 2031-09-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $85393.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                                    | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    8950000 | PA      | $7646166.60   | 0.73%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                    | Tullow Oil PLC                                                                   | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     960000 | PA      | $825600.00    | 0.08%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   12169297 | PA      | $5557024.99   | 0.53%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                    | EUR/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-3206.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                         | Fannie Mae or Freddie Mac                                                        | CUSIP: 01F032617<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   85000000 | PA      | $77834766.05  | 7.41%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                                   | CUSIP: 629377CS9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     750000 | PA      | $610413.16    | 0.06%             | 2032-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | CDS UNITED MEXICAN STATES                                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCR              | CORP              | US        |          1 | NC      | $-28.28       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.HY.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |   17570000 | OU      | $207650.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | EUR/PLN FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $79474.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                           | International Game Technology PLC                                                | CUSIP: 460599AC7<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    1150000 | PA      | $1152918.13   | 0.11%             | 2025-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fidelity Grand Harbour CLO                        | Fidelity Grand Harbour CLO 2021-1 DAC                                            | CUSIP: 000000000<br>LEI: 635400KPYNGCFZ6MDR25 | Long             | ABS-CBDO         | CORP              | IE        |    9000000 | PA      | $8662754.31   | 0.82%             | 2034-10-15      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                    | Transocean Inc                                                                   | CUSIP: 893830BK4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     700000 | PA      | $607250.00    | 0.06%             | 2025-11-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FQKQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  149739993 | PA      | $5375980.21   | 0.51%             | 2029-11-25      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP                             | Stifel Financial Corp                                                            | CUSIP: 860630AG7<br>LEI: 549300E5F07FE5GHJX84 | Long             | DBT              | CORP              | US        |    6525000 | PA      | $5725090.46   | 0.54%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THIRD PKSTAN INTL SUKUK                           | Third Pakistan International Sukuk Co Ltd/The                                    | CUSIP: 000000000<br>LEI: 529900OMZDJ2H3CXKF72 | Long             | DBT              | NUSS              | PK        |    2360000 | PA      | $2330972.00   | 0.22%             | 2022-12-05      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SERBIA                                | Serbia International Bond                                                        | CUSIP: 000000000<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     943000 | PA      | $734001.78    | 0.07%             | 2029-06-26      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.       | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        295 | NC      | $263859.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2020-2 Ltd                                                         | CUSIP: 078782AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |      56698 | PA      | $56741.03     | 0.01%             | 2030-08-26      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $108067.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | SGD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $209636.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-229266.13   | -0.02%            |  |  |  | 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        |    1000000 | PA      | $898404.50    | 0.09%             | 2027-03-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                           | Standard Industries Inc/NJ                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    1850000 | PA      | $1516610.72   | 0.14%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                          | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |     978000 | PA      | $913645.56    | 0.09%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                            | Chesapeake Energy Corp                                                           | CUSIP: 165167DF1<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     475000 | PA      | $461178.70    | 0.04%             | 2026-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                          | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3000000 | PA      | $3003389.19   | 0.29%             | 2025-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| T-MOBILE USA INC                                  | T-Mobile USA Inc                                                                 | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    1850000 | PA      | $1606708.61   | 0.15%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $38299.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PREEM HOLDING AB                                  | Preem Holdings AB                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |    2500000 | PA      | $2754988.50   | 0.26%             | 2027-06-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                       | Hertz Vehicle Financing III LP                                                   | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     800000 | PA      | $668696.00    | 0.06%             | 2027-12-27      | Fixed         | 2.12%                 | 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        |    3144637 | PA      | $3100018.84   | 0.30%             | 2060-11-25      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                              | Bank of America Corp                                                             | CUSIP: 060505FP4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    5800000 | PA      | $5494325.56   | 0.52%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                             | Tenet Healthcare Corp                                                            | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1077508.20   | 0.10%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | EUR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-2760.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                    | Morgan Stanley                                                                   | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    3780000 | PA      | $3488338.49   | 0.33%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| CODERE FINANCE 2 LUXEMBO                          | Codere Finance 2 Luxembourg SA                                                   | CUSIP: 000000000<br>LEI: 2221005CUH65GSJUKB29 | Long             | DBT              | CORP              | LU        |     153458 | PA      | $140916.07    | 0.01%             | 2026-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                            | Chesapeake Energy Corp                                                           | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     425000 | PA      | $407954.75    | 0.04%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                             | eG Global Finance PLC                                                            | CUSIP: 000000000<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    1000000 | PA      | $907054.60    | 0.09%             | 2025-02-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOHL CAPITAL LTD                                  | Gohl Capital Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900TF7OK6KSDZA888 | Long             | DBT              | CORP              | IM        |    1870000 | PA      | $1654950.00   | 0.16%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                            | Mexico City Airport Trust                                                        | CUSIP: 59284MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    1000000 | PA      | $735000.00    | 0.07%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Corporation                                  | Intrado Corp                                                                     | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     857707 | PA      | $785516.24    | 0.07%             | 2024-10-10      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | USD/CZK FORWARD                                                                  | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-165219.71   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | INR/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-55552.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                               | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     500000 | PA      | $429794.26    | 0.04%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LIX Ltd                                                     | CUSIP: 55822EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    4500000 | PA      | $4250470.95   | 0.40%             | 2034-01-18      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    3105000 | PA      | $2828921.60   | 0.27%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                         | IRS GBP                                                                          | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |          1 | NC      | $856947.04    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                     | Valvoline Inc                                                                    | CUSIP: 92047WAD3<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |     430000 | PA      | $418297.55    | 0.04%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -72000000 | OU      | $-3663.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/INR FORWARD                                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-89587.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | CDS UBSBB_13-C6                                                                  | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1545.63      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | THB/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-1196446.96  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/ZAR FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $50634.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage A                    | Ginnie Mae                                                                       | CUSIP: 21H0326C9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1000000 | PA      | $928281.25    | 0.09%             | 2052-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| St Pauls CLO                                      | St Paul's CLO IV DAC                                                             | CUSIP: 000000000<br>LEI: 549300IMSL8GGSOV5A04 | Long             | ABS-CBDO         | CORP              | IE        |    9200000 | PA      | $8345835.73   | 0.79%             | 2030-04-25      | Fixed         | 1.87%                 | No            |                  2 | 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        |    9825000 | PA      | $8026010.08   | 0.76%             | 2031-07-05      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | USD/MXN FORWARD                                                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DFE              | CORP              | US        |          1 | NC      | $-8383.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                        | TWD/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |          1 | NC      | $152815.78    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                          | Diversified Healthcare Trust                                                     | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1231872.73   | 0.12%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| EMBRAER NETHERLANDS FINA                          | Embraer Netherlands Finance BV                                                   | CUSIP: 29082HAC6<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |     540000 | PA      | $535038.75    | 0.05%             | 2028-01-17      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| JEFFERIES FIN GROUP INC                           | Jefferies Financial Group Inc                                                    | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |     350000 | PA      | $311867.52    | 0.03%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                          | CLP/USD FORWARD                                                                  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |          1 | NC      | $85961.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, National Association             | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              | CORP              | US        |          1 | NC      | $16601.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                  | Bellemeade Re 2020-4 Ltd                                                         | CUSIP: 07876UAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    3079862 | PA      | $3073739.79   | 0.29%             | 2030-06-25      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                    | SWOP CDS CDX.NA.IG.39.V1                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | N/A              | DCR              | CORP              | US        |  -87220000 | OU      | $-46299.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                       | SWOP IRS CDS GS_21-PJ-A                                                          | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DIR              | CORP              | GB        |  -23300000 | OU      | $-429.28      | -0.00%            |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Prudential Investment Portfolios 3

**Signature:** Christian J. Kelly

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

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