# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0000940400-25-005652
**Filing Date:** 2025-10
**Character Count:** 48938
**Document Hash:** e83c64237a454f5761e0e9d21fa5f49d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005652.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005652

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23324
- **FILM NUMBER:** 251430274

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

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

## Series and Classes Contracts Data

### PGIM Ultra Short Municipal Bond ETF (Series ID: S000085146)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000250013 | PGIM Ultra Short Municipal Bond ETF | PUSH            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** PGIM Ultra Short Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000085146

- **c. LEI of Series:** 529900N2SPHIJHBHFD45

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

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

- **b. Date as of which information is reported:** 2025-08-29

**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:** $37617284.22

**Total Liabilities:** $1004505.72

**Net Assets:** $36612778.50

**Delayed Delivery Securities:** $1000000.00

**Cash Not Reported:** $584747.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 343.48162000 | **1-Year:** 2872.61150000 | **5-Year:** 713.03224000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.57872000 | **1-Year:** 60.91386000 | **5-Year:** 0.80291000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250013 | 0.42%                | 0.42%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $24727.10                                  |
| Month 2  | $-19483.77               | $65470.40                                  |
| Month 3  | $751.49                  | $54167.75                                  |

**Designated Index Information**

- **Index Name:** PGIM Ultrashort Municipal Bond ETF - 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        20 | NC      | $6257.32      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PH57<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $282018.84    | 0.77%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHATCOM CNTY WA PUBLIC UTIL DI                   | Whatcom County Public Utility District No 1                                     | CUSIP: 962468FD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124961.08    | 0.34%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                    | New York City Housing Development Corp                                          | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350060.67    | 0.96%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                      | CUSIP: 59447TJ87<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    380000 | PA      | $383998.24    | 1.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                    | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UGQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $285622.62    | 0.78%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FJL9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    260000 | PA      | $264146.88    | 0.72%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    420000 | PA      | $424669.59    | 1.16%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080TT8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    390000 | PA      | $398350.49    | 1.09%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                         | District of Columbia                                                            | CUSIP: 25483VTA2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126968.91    | 0.35%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                   | Massachusetts Development Finance Agency                                        | CUSIP: 57584XEF4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1035715.57   | 2.83%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS                   | Arizona Industrial Development Authority                                        | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020587.84   | 2.79%             | 2058-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                   | Tarrant County Cultural Education Facilities Finance Corp                       | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252564.05    | 0.69%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DIRECTOR OF THE ST OF NEVADA D                   | State of Nevada Department of Business & Industry                               | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496284.83    | 1.36%             | 2026-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A                   | Washington Health Care Facilities Authority                                     | CUSIP: 93978HVB8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    425000 | PA      | $427263.10    | 1.17%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                        | County of Utah UT                                                               | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203593.28    | 0.56%             | 2060-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL                   | South Dakota Health & Educational Facilities Authority                          | CUSIP: 83755VZP2<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351322.03    | 0.96%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                   | Tennessee Energy Acquisition Corp                                               | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    285000 | PA      | $295598.33    | 0.81%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC INDL FACS &                   | Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175025.95    | 0.48%             | 2027-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH                            | King County Housing Authority                                                   | CUSIP: 494759SH7<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206896.86    | 0.57%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                   | Tennessee Energy Acquisition Corp                                               | CUSIP: 880443EE2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203517.78    | 0.56%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PH65<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    290000 | PA      | $303292.76    | 0.83%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF PITTSBURGH PA OF THE C                   | University of Pittsburgh-of the Commonwealth System of Higher Education         | CUSIP: 91335VKW5<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100744.09    | 0.28%             | 2026-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248635.01    | 0.68%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                   | Harris County Cultural Education Facilities Finance Corp                        | CUSIP: 414009MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205548.72    | 0.56%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C                   | Development Authority of Monroe County/The                                      | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $311344.00    | 0.85%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184233.05    | 0.50%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                     | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    430000 | PA      | $433367.64    | 1.18%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS GA MED CTR HOSP AUTH                    | Columbus Medical Center Hospital Authority                                      | CUSIP: 199124BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156090.17    | 0.43%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602154.37    | 1.64%             | 2031-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HSG FIN CORP MF HSG                   | Houston Housing Finance Corp                                                    | CUSIP: 442396EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $799429.93    | 2.18%             | 2028-04-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                   | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136HAJ2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220474.52    | 0.60%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                    | Metropolitan Transportation Authority                                           | CUSIP: 59261AGY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    170000 | PA      | $174732.79    | 0.48%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                           | CUSIP: 187145GD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $606895.41    | 1.66%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                   | Oklahoma Development Finance Authority                                          | CUSIP: 67884XCA3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100999.11    | 0.28%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521833.27    | 1.43%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                    | Pennsylvania Economic Development Financing Authority                           | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502923.74    | 1.37%             | 2037-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| BRAZOS TX HGR EDU AUTH STUDENT                   | Brazos Higher Education Authority Inc                                           | CUSIP: 10623ACT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512726.44    | 1.40%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                      | CUSIP: 59447TMC4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153649.83    | 0.42%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR                   | SCAGO Educational Facilities Corp for Pickens School District                   | CUSIP: 80585TCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750991.23    | 2.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R                   | City of Minneapolis MN                                                          | CUSIP: 60374VEW9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106319.75    | 0.29%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204FEH4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    435000 | PA      | $440680.20    | 1.20%             | 2050-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204ER42<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    765000 | PA      | $753951.30    | 2.06%             | 2028-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO ENTERPRISE                   | University of Colorado                                                          | CUSIP: 91417NDA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $429182.43    | 1.17%             | 2051-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080XC0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    275000 | PA      | $285034.94    | 0.78%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532CQ5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    475000 | PA      | $479755.07    | 1.31%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                   | California Infrastructure & Economic Development Bank                           | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985662.76    | 2.69%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103161.16    | 0.28%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WY POLL CONTROL R                   | County of Lincoln WY                                                            | CUSIP: 533485BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 2.73%             | 2044-10-01      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T                   | Lower Colorado River Authority                                                  | CUSIP: 54811BXZ9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152630.81    | 0.42%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALDEZ AK MARINE TERMINAL REVE                   | City of Valdez AK                                                               | CUSIP: 919061EH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.09%             | 2029-12-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 452152D32<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    215000 | PA      | $218745.70    | 0.60%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                           | CUSIP: 64987JD99<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175054.17    | 0.48%             | 2062-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PH40<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    360000 | PA      | $361438.55    | 0.99%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH                            | King County Housing Authority                                                   | CUSIP: 494759SJ3<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156481.27    | 0.43%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOCAL DEV COR                   | Dutchess County Local Development Corp                                          | CUSIP: 267045GK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203557.57    | 0.56%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALG                   | Black Belt Energy Gas District                                                  | CUSIP: 09182RBE0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    335000 | PA      | $337049.43    | 0.92%             | 2049-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FGN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    290000 | PA      | $290893.48    | 0.79%             | 2048-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532JX3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    160000 | PA      | $167242.17    | 0.46%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    175000 | PA      | $178469.54    | 0.49%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111461.90    | 0.30%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                    | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300766.87    | 0.82%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                   | Port of Portland OR Airport Revenue                                             | CUSIP: 735240V91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $427828.28    | 1.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A                   | Washington Health Care Facilities Authority                                     | CUSIP: 93978HUF0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    385000 | PA      | $391372.54    | 1.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A                   | City of Los Angeles Department of Airports                                      | CUSIP: 544445EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $342309.71    | 0.93%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FYY4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    245000 | PA      | $256889.19    | 0.70%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532CS1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203569.32    | 0.56%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PR64<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $749552.93    | 2.05%             | 2055-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD                   | Michigan Strategic Fund                                                         | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496230.77    | 1.36%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204E2L1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 2.73%             | 2034-11-01      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE                       | County of Clark Department of Aviation                                          | CUSIP: 18085PSV7<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519366.04    | 1.42%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                    | Massachusetts Educational Financing Authority                                   | CUSIP: 57563RPD5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177910.43    | 0.49%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                             | State of Ohio                                                                   | CUSIP: 67756CCJ5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176436.72    | 0.48%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX HSG FIN CORP                           | City of Dallas Housing Finance Corp                                             | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100115.49    | 0.27%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU                   | Wisconsin Housing & Economic Development Authority Housing Revenue              | CUSIP: 9769043D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80040.97     | 0.22%             | 2053-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204EBL1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253702.47    | 0.69%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST RURAL WTR FIN AUT                   | Minnesota Rural Water Finance Authority Inc                                     | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276158.75    | 0.75%             | 2026-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM                   | Connecticut State Higher Education Supplement Loan Authority                    | CUSIP: 207743WM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153181.67    | 0.42%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                             | CUSIP: 452227RM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $317645.15    | 0.87%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE                   | Wisconsin Department of Transportation                                          | CUSIP: 977123Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $270988.72    | 0.74%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176554.08    | 0.48%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS                   | Arizona Industrial Development Authority                                        | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256718.27    | 0.70%             | 2058-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                   | California County Tobacco Securitization Agency                                 | CUSIP: 13016NGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $334124.56    | 0.91%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                      | CUSIP: 59447TWZ2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151050.48    | 0.41%             | 2049-11-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTHR                   | Orange County Health Facilities Authority                                       | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256371.73    | 0.70%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    780000 | PA      | $791869.30    | 2.16%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     47278 | NS      | $47277.79     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA ST                                    | State of California                                                             | CUSIP: 13063CXN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $775086.50    | 2.12%             | 2026-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                   | Public Finance Authority                                                        | CUSIP: 74442EHH6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370411.80    | 1.01%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                   | Rhode Island Student Loan Authority                                             | CUSIP: 762323AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76533.03     | 0.21%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080WT4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155473.61    | 0.42%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH                            | King County Housing Authority                                                   | CUSIP: 494759SG9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205097.85    | 0.56%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W                   | Mission Economic Development Corp                                               | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.37%             | 2046-05-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS                   | Knox County Health Educational & Housing Facility Board                         | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100196.33    | 0.27%             | 2027-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 452153BR9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147137.41    | 0.40%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FLA0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125986.62    | 0.34%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                     | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1088361.07   | 2.97%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C                   | Louisa Industrial Development Authority                                         | CUSIP: 546068AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.29%             | 2035-11-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 452153GC7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    330000 | PA      | $343820.21    | 0.94%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TX INDEP SCH DIST                      | Texarkana Independent School District                                           | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $485130.24    | 1.33%             | 2053-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST                         | Dallas Independent School District                                              | CUSIP: 235308Q48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $144710.84    | 0.40%             | 2055-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD HSG OPPORTU                   | Montgomery County Housing Opportunities Commission                              | CUSIP: 6133494U0<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    385000 | PA      | $383922.50    | 1.05%             | 2028-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                   | Tennessee Energy Acquisition Corp                                               | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000900.65   | 2.73%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL INDL DEV AU                   | Miami-Dade County Industrial Development Authority                              | CUSIP: 59333GAK4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150576.21    | 0.41%             | 2027-09-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532AA2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    425000 | PA      | $433880.93    | 1.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer