# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0000940400-26-002802
**Filing Date:** 2026-1
**Character Count:** 316409
**Document Hash:** 2f73d314266b0aef711b90ceacdd3fd2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002802.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002802

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**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:** 26567068

**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 Floating Rate Income ETF (Series ID: S000075490)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000234636 | PGIM Floating Rate Income ETF | PFRL            |

## Nport-Ex

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited)
as of November 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 93.4%** | **Long-Term Investments 93.4%** | **Long-Term Investments 93.4%** | **Long-Term Investments 93.4%** | **Long-Term Investments 93.4%** | **Long-Term Investments 93.4%** |
| **Asset-Backed Securities 7.9%** | **Asset-Backed Securities 7.9%** | **Asset-Backed Securities 7.9%** | **Asset-Backed Securities 7.9%** | **Asset-Backed Securities 7.9%** | **Asset-Backed Securities 7.9%** |
| **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** |
| Atlas Static Senior Loan Fund Ltd. (Cayman Islands),<br> Series 2022-01A, Class BR, 144A, 3 Month SOFR + 2.650% (Cap N/A, Floor 2.650%) | 6.555 %(c) | &nbsp;&nbsp;07/15/30 |  | 228 | &nbsp;&nbsp; $227489 |
| Avoca Capital CLO Ltd. (Ireland),<br> Series 10A, Class B1RR, 144A, 3 Month EURIBOR + 1.350% (Cap N/A, Floor 1.350%) | 3.376(c) | &nbsp;&nbsp;04/15/35 | &nbsp;&nbsp;EUR | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288472 |
| Bain Capital Credit CLO Ltd. (United Kingdom),<br> Series 2023-03A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.565(c) | &nbsp;&nbsp;10/24/38 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501230 |
| Barrow Hanley CLO Ltd. (Cayman Islands),<br> Series 2023-02A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.584(c) | &nbsp;&nbsp;03/31/38 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501013 |
| Battalion CLO Ltd. (Cayman Islands),<br> Series 2017-11A, Class BR2, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 5.615(c) | &nbsp;&nbsp;04/24/34 |  | 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750823 |
| Carlyle US CLO Ltd. (Cayman Islands),<br> Series 2023-05A, Class B, 144A, 3 Month SOFR + 2.650% (Cap N/A, Floor 2.650%) | 6.508(c) | &nbsp;&nbsp;01/27/36 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500965 |
| CBAM Ltd. (Cayman Islands),<br> Series 2018-05A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.812(c) | &nbsp;&nbsp;10/17/38 |  | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349736 |
| CQS US CLO Ltd. (Cayman Islands),<br> Series 2021-01A, Class BR, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 5.634(c) | &nbsp;&nbsp;01/20/35 |  | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398998 |
| Davis Park CLO Ltd.,<br> Series 2022-01A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.584(c) | &nbsp;&nbsp;07/20/38 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501296 |
| Elevation CLO Ltd. (Cayman Islands),<br> Series 2020-11A, Class BR, 144A, 3 Month SOFR + 2.000% (Cap N/A, Floor 2.000%) | 5.905(c) | &nbsp;&nbsp;10/15/37 |  | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401058 |
| Hayfin US Ltd. (Cayman Islands),<br> Series 2024-15A, Class B, 144A, 3 Month SOFR + 2.200% (Cap N/A, Floor 2.200%) | 6.059(c) | &nbsp;&nbsp;04/28/37 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501573 |
| NGC Ltd. (United Kingdom),<br> Series 2024-01A, Class B, 144A, 3 Month SOFR + 2.100% (Cap N/A, Floor 2.100%) | 5.984(c) | &nbsp;&nbsp;07/20/37 |  | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350306 |
| PPM CLO Ltd. (Cayman Islands), |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2019-02A, Class BR2, 144A, 3 Month SOFR + 2.250% (Cap N/A, Floor 2.250%) | 6.144(c) | &nbsp;&nbsp;04/16/37 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500237 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-04A, Class BR2, 144A, 3 Month SOFR + 1.750% (Cap N/A, Floor 1.750%) | 5.634(c) | &nbsp;&nbsp;03/18/38 |  | 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752503 |
| Sixth Street CLO Ltd. (Cayman Islands),<br> Series 2020-16A, Class BR, 144A, 3 Month SOFR + 2.450% (Cap N/A, Floor 2.450%) | 6.334(c) | &nbsp;&nbsp;01/20/37 |  | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300225 |
| Sound Point CLO Ltd. (Cayman Islands),<br> Series 2020-02A, Class DR, 144A, 3 Month SOFR + 3.612% (Cap N/A, Floor 3.350%) | 7.470(c) | &nbsp;&nbsp;10/25/34 |  | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246380 |
| Tikehau US CLO Ltd. (Bermuda),<br> Series 2023-02A, Class A1, 144A, 3 Month SOFR + 1.950% (Cap N/A, Floor 1.950%) | 5.855(c) | &nbsp;&nbsp;01/15/36 |  | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501092 |
| Trimaran CAVU Ltd. (Cayman Islands),<br> Series 2019-02A, Class BR, 144A, 3 Month SOFR + 1.700% (Cap N/A, Floor 1.700%) | 5.681(c) | &nbsp;&nbsp;03/18/38 |  | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250628 |
| **Total Asset-Backed Securities<br> (cost $7,761,057)** | **Total Asset-Backed Securities<br> (cost $7,761,057)** | **Total Asset-Backed Securities<br> (cost $7,761,057)** | **Total Asset-Backed Securities<br> (cost $7,761,057)** | **Total Asset-Backed Securities<br> (cost $7,761,057)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7824024 |
| **Commercial Mortgage-Backed Securities 1.2%** | **Commercial Mortgage-Backed Securities 1.2%** | **Commercial Mortgage-Backed Securities 1.2%** | **Commercial Mortgage-Backed Securities 1.2%** | **Commercial Mortgage-Backed Securities 1.2%** | **Commercial Mortgage-Backed Securities 1.2%** |
| BX Commercial Mortgage Trust,<br> Series 2021-CIP, Class E, 144A, 1 Month SOFR + 2.934% (Cap N/A, Floor 2.820%) | 6.893(c) | &nbsp;&nbsp;12/15/38 |  | 440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439004 |
| BX Trust,<br> Series 2025-DIME, Class E, 144A, 1 Month SOFR + 3.000% (Cap N/A, Floor 3.000%) | 6.959(c) | &nbsp;&nbsp;02/15/35 |  | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249844 |
| NYC Commercial Mortgage Trust,<br> Series 2025-03BP, Class D, 144A, 1 Month SOFR + 2.441% (Cap N/A, Floor 2.441%) | 6.400(c) | &nbsp;&nbsp;02/15/42 |  | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149245 |
| ROCK Trust,<br> Series 2024-CNTR, Class E, 144A | 8.819 | &nbsp;&nbsp;11/13/41 |  | 370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390570 |
| **Total Commercial Mortgage-Backed Securities<br> (cost $1,217,391)** | **Total Commercial Mortgage-Backed Securities<br> (cost $1,217,391)** | **Total Commercial Mortgage-Backed Securities<br> (cost $1,217,391)** | **Total Commercial Mortgage-Backed Securities<br> (cost $1,217,391)** | **Total Commercial Mortgage-Backed Securities<br> (cost $1,217,391)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1228663 |
| **Corporate Bonds 11.1%** | **Corporate Bonds 11.1%** | **Corporate Bonds 11.1%** | **Corporate Bonds 11.1%** | **Corporate Bonds 11.1%** | **Corporate Bonds 11.1%** |
| **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** | **Aerospace & Defense 0.0%** |
| Bombardier, Inc. (Canada),<br> Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;04/15/27 |  | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Switzerland),<br> Sr. Unsec'd. Notes, 144A | 7.875% | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp; $75562 |
| **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** |
| General Motors Co.,<br> Sr. Unsec'd. Notes | 5.600 | &nbsp;&nbsp;10/15/32 | &nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110133 |
| **Banks 9.5%** | **Banks 9.5%** | **Banks 9.5%** | **Banks 9.5%** | **Banks 9.5%** |
| Bank of America Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.250(ff) | &nbsp;&nbsp;07/26/30(oo) | &nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712153 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.625(ff) | &nbsp;&nbsp;05/01/30(oo) | &nbsp;&nbsp;&nbsp;890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922761 |
| Bank of Nova Scotia (The) (Canada),<br> Jr. Sub. Notes | 7.350(ff) | &nbsp;&nbsp;04/27/85 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619739 |
| Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series EE | 6.750(ff) | &nbsp;&nbsp;02/15/30(oo) | &nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series FF | 6.950(ff) | &nbsp;&nbsp;02/15/30(oo) | &nbsp;&nbsp;&nbsp;855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series GG | 6.875(ff) | &nbsp;&nbsp;08/15/30(oo) | &nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321771 |
| Goldman Sachs Group, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series U | 3.650(ff) | &nbsp;&nbsp;08/10/26(oo) | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1724685 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | 4.125(ff) | &nbsp;&nbsp;11/10/26(oo) | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392924 |
| Royal Bank of Canada (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.350(ff) | &nbsp;&nbsp;11/24/84 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;737812 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.500(ff) | &nbsp;&nbsp;11/24/85 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494644 |
| Sumitomo Mitsui Financial Group, Inc. (Japan),<br> Jr. Sub. Notes | 6.600(ff) | &nbsp;&nbsp;06/05/34(oo) | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102875 |
| Toronto-Dominion Bank (The) (Canada), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 6.350(ff) | &nbsp;&nbsp;10/31/85 | &nbsp;&nbsp;&nbsp;835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes | 7.250(ff) | &nbsp;&nbsp;07/31/84 | &nbsp;&nbsp;&nbsp;720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755100 |
| U.S. Bancorp,<br> Jr. Sub. Notes | 3.700(ff) | &nbsp;&nbsp;01/15/27(oo) | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485298 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9496041 |
| **Diversified Financial Services 0.2%** | **Diversified Financial Services 0.2%** | **Diversified Financial Services 0.2%** | **Diversified Financial Services 0.2%** | **Diversified Financial Services 0.2%** |
| Nomura Holdings, Inc. (Japan),<br> Jr. Sub. Notes | 7.000(ff) | &nbsp;&nbsp;07/15/30(oo) | &nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209647 |
| **Electric 0.5%** | **Electric 0.5%** | **Electric 0.5%** | **Electric 0.5%** | **Electric 0.5%** |
| Calpine Corp.,<br> Sr. Unsec'd. Notes, 144A | 5.000 | &nbsp;&nbsp;02/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75249 |
| Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 8.000(ff) | &nbsp;&nbsp;10/15/26(oo) | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series C, 144A | 8.875(ff) | &nbsp;&nbsp;01/15/29(oo) | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277839 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455267 |
| **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** | **Environmental Control 0.0%** |
| GFL Environmental, Inc.,<br> Gtd. Notes, 144A | 6.750 | &nbsp;&nbsp;01/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52371 |
| **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** | **Housewares 0.0%** |
| SWF Holdings I Corp.,<br> Sr. Unsec'd. Notes, 144A | 6.500 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25784 |
| **Machinery-Diversified 0.0%** | **Machinery-Diversified 0.0%** | **Machinery-Diversified 0.0%** | **Machinery-Diversified 0.0%** | **Machinery-Diversified 0.0%** |
| Chart Industries, Inc.,<br> Sr. Sec'd. Notes, 144A | 7.500 | &nbsp;&nbsp;01/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5219 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| Charter Communications Operating LLC/Charter Communications Operating Capital,<br> Sr. Sec'd. Notes | 4.400% | &nbsp;&nbsp;04/01/33 | &nbsp;&nbsp;75 | &nbsp;&nbsp; $70667 |
| Radiate Holdco LLC/Radiate Finance, Inc.,<br> Sr. Sec'd. Notes, 144A, PIK 9.250% | 9.250 | &nbsp;&nbsp;03/25/30 | &nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10742 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81409 |
| **Oil & Gas 0.1%** | **Oil & Gas 0.1%** | **Oil & Gas 0.1%** | **Oil & Gas 0.1%** | **Oil & Gas 0.1%** |
| Hilcorp Energy I LP/Hilcorp Finance Co.,<br> Sr. Unsec'd. Notes, 144A | 6.250 | &nbsp;&nbsp;04/15/32 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94142 |
| **Oil & Gas Services 0.0%** | **Oil & Gas Services 0.0%** | **Oil & Gas Services 0.0%** | **Oil & Gas Services 0.0%** | **Oil & Gas Services 0.0%** |
| SESI LLC,<br> Sr. Sec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;09/30/30 | &nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44781 |
| **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** |
| Targa Resources Corp.,<br> Gtd. Notes | 4.200 | &nbsp;&nbsp;02/01/33 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71888 |
| Venture Global LNG, Inc.,<br> Jr. Sub. Notes, 144A | 9.000(ff) | &nbsp;&nbsp;09/30/29(oo) | 220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186985 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258873 |
| **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%** |
| Diversified Healthcare Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtd. Notes | 4.375 | &nbsp;&nbsp;03/01/31 | &nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes | 4.750 | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4799 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57700 |
| **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** | **Retail 0.1%** |
| Gap, Inc. (The),<br> Gtd. Notes, 144A | 3.875 | &nbsp;&nbsp;10/01/31 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69793 |
| **Telecommunications 0.0%** | **Telecommunications 0.0%** | **Telecommunications 0.0%** | **Telecommunications 0.0%** | **Telecommunications 0.0%** |
| Digicel Group Holdings Ltd. (Jamaica), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Sec'd. Notes, Series 1B14, 144A(x) | 0.000 | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &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, Series 3B14, 144A^(x) | 0.000 | &nbsp;&nbsp;12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Level 3 Financing, Inc.,<br> Sec'd. Notes, 144A | 4.875 | &nbsp;&nbsp;06/15/29 | &nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23912 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23912 |
| **Total Corporate Bonds<br> (cost $10,886,526)** | **Total Corporate Bonds<br> (cost $10,886,526)** | **Total Corporate Bonds<br> (cost $10,886,526)** | **Total Corporate Bonds<br> (cost $10,886,526)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11065634 |
| **Floating Rate and Other Loans 69.8%** | **Floating Rate and Other Loans 69.8%** | **Floating Rate and Other Loans 69.8%** | **Floating Rate and Other Loans 69.8%** | **Floating Rate and Other Loans 69.8%** |
| **Advertising 0.2%** | **Advertising 0.2%** | **Advertising 0.2%** | **Advertising 0.2%** | **Advertising 0.2%** |
| Summer BC Holdco B Sarl (Luxembourg),<br> Extended Facility B, 3 Month SOFR + 5.260% | 9.262(c) | &nbsp;&nbsp;02/15/29 | 223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212641 |
| **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** |
| Azorra Soar Finance Ltd. (Cayman Islands),<br> New Term B Loan, 3 Month SOFR + 2.750% | 6.788(c) | &nbsp;&nbsp;10/18/29 | 305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306559 |
| Pac Dac LLC,<br> Initial Term Loan, 3 Month SOFR + 3.250% | 7.108(c) | &nbsp;&nbsp;10/28/30 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147937 |
| Propulsion BC Finco Sarl (Spain),<br> Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;12/01/32 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49938 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** |
| Transdigm, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Tranche Term K Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.252 %(c) | &nbsp;&nbsp;03/22/30 | &nbsp;&nbsp;99 | &nbsp;&nbsp; $98853 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche Term M Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.502(c) | &nbsp;&nbsp;08/19/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125234 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728521 |
| **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** |
| Alltech, Inc.,<br> Term B-2 Loan, 1 Month SOFR + 4.364% | &nbsp;&nbsp;8.280(c) | &nbsp;&nbsp;08/13/30 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301688 |
| **Airlines 0.9%** | **Airlines 0.9%** | **Airlines 0.9%** | **Airlines 0.9%** | **Airlines 0.9%** |
| American Airlines, Inc.,<br> Repriced Term Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.134(c) | &nbsp;&nbsp;04/20/28 | 590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589103 |
| Vista Management Holding, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.735(c) | &nbsp;&nbsp;04/01/31 | 287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289253 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878356 |
| **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** | **Auto Manufacturers 0.1%** |
| Allison Transmission, Inc.,<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/30/32 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100304 |
| **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** |
| American Axle & Manufacturing, Inc.,<br> Tranche Term C Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;12/31/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125078 |
| Clarios Global LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;05/06/30 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amendment No. 6 Dollar Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;01/28/32 | 425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424734 |
| First Brands Group LLC,<br> 2021 Second Lien Term Loan | 13.070 | &nbsp;&nbsp;03/30/28(d) | 492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4924 |
| Tenneco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term A Loan, 3 Month SOFR + 4.850% | &nbsp;&nbsp;8.774(c) | &nbsp;&nbsp;11/17/28 | 474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 3 Month SOFR + 5.100% | &nbsp;&nbsp;9.045(c) | &nbsp;&nbsp;11/17/28 | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341906 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1558581 |
| **Beverages 0.2%** | **Beverages 0.2%** | **Beverages 0.2%** | **Beverages 0.2%** | **Beverages 0.2%** |
| Brewco Borrower LLC,<br> Term Loan, 1 Month SOFR + 7.000%^ | 14.322(c) | &nbsp;&nbsp;09/30/30 | &nbsp;&nbsp;36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30755 |
| Pegasus Bidco Bv (Netherlands),<br> 2025-1 Dollar Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;6.602(c) | &nbsp;&nbsp;07/12/29 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149202 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179957 |
| **Building Materials 2.0%** | **Building Materials 2.0%** | **Building Materials 2.0%** | **Building Materials 2.0%** | **Building Materials 2.0%** |
| American Bath/CP Atlas Buyer, Inc.,<br> 2025 Term B Loan, 1 Month SOFR + 5.250% | &nbsp;&nbsp;9.166(c) | &nbsp;&nbsp;07/08/30 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214031 |
| Cornerstone Building Brands, Inc.,<br> Term Loan, 1 Month SOFR + 5.625% | &nbsp;&nbsp;9.584(c) | &nbsp;&nbsp;08/01/28 | 148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118321 |
| Covia Holdings LLC,<br> 2025 Refinancing Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;6.706(c) | &nbsp;&nbsp;02/26/32 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249375 |
| EMRLD Borrower LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term B Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.072(c) | &nbsp;&nbsp;05/31/30 | 359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359192 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Amendment Incremental Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.122(c) | &nbsp;&nbsp;08/04/31 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148462 |
| HP PHRG Borrower LLC,<br> Closing Date Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.002(c) | &nbsp;&nbsp;02/20/32 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195510 |
| Husky Holdings LLC,<br> Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75281 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal 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)** |
| **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** |
| Quikrete Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2029 Term B Loan, 1 Month SOFR + 2.250% | 6.166 %(c) | &nbsp;&nbsp;03/19/29 | 199 | &nbsp;&nbsp; $199634 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Tranche Term B-1 Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;04/14/31 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250438 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche Term B-3 Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;02/10/32 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199663 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009907 |
| **Chemicals 3.7%** | **Chemicals 3.7%** | **Chemicals 3.7%** | **Chemicals 3.7%** | **Chemicals 3.7%** |
| A-AP Buyer, Inc.,<br> Initial Term Loan, 3 Month SOFR + 2.750%^ | 6.752(c) | &nbsp;&nbsp;09/09/31 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248747 |
| Chemours Company (The),<br> Tranche B-4 USD Term Loan, 1 Month SOFR + 3.500% | 7.416(c) | &nbsp;&nbsp;10/15/32 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192750 |
| Element Solutions, Inc.,<br> Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;12/18/30 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75396 |
| Geon Performance Solutions LLC,<br> 2024 Refinancing Term Loan, 3 Month SOFR + 4.512% | 8.513(c) | &nbsp;&nbsp;08/18/28 | 368 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316148 |
| Ineos US Finance LLC (Luxembourg),<br> 2030 Dollar Term Loan, 1 Month SOFR + 3.250% | 7.166(c) | &nbsp;&nbsp;02/18/30 | 186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153661 |
| Ineos US Petrochem LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2030 Tranche B Dollar Term Loan, 1 Month SOFR + 3.850% | 7.766(c) | &nbsp;&nbsp;03/14/30 | &nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57275 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term B Loan, 1 Month SOFR + 4.350% | 8.266(c) | &nbsp;&nbsp;04/02/29 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;151604 |
| Iris Holdings Ltd.,<br> Initial Term Loan, 3 Month SOFR + 4.850% | 8.690(c) | &nbsp;&nbsp;06/28/28 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217343 |
| Nouryon Finance BV (Netherlands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;November 2024 B-1 Dollar Term Loan, 6 Month SOFR + 3.250% | 7.036(c) | &nbsp;&nbsp;04/03/28 | 239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238370 |
| &nbsp;&nbsp;&nbsp;&nbsp;November 2024 B-2 Dollar Term Loan, 3 Month SOFR + 3.250% | 7.162(c) | &nbsp;&nbsp;04/03/28 | &nbsp;&nbsp;98 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97768 |
| Olympus Water US Holding Corp.,<br> 2025 Incremental Term Loan, 3 Month SOFR + 3.250% | 7.104(c) | &nbsp;&nbsp;11/03/32 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222027 |
| Paint Intermediate III LLC,<br> Paint Intermediate/Wesco Group Cov-Lite Term Loan, 3 Month SOFR + 3.000% | 6.870(c) | &nbsp;&nbsp;10/09/31 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248543 |
| Qnity Electronics, Inc.,<br> Term B Loan, 6 Month SOFR + 2.000% | 5.698(c) | &nbsp;&nbsp;11/01/32 | 475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476187 |
| SCIH Salt Holdings, Inc.,<br> First Lien Incremental Term B-1 Loan, 3 Month SOFR + 3.000% | 7.197(c) | &nbsp;&nbsp;01/31/29 | 349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349827 |
| SCIL USA Holdings LLC,<br> Facility B-2, 6 Month SOFR + 4.000%^ | 7.788(c) | &nbsp;&nbsp;10/31/32 | 175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175219 |
| TPC Group, Inc.,<br> Initial Term Loan, 3 Month SOFR + 5.750% | 9.773(c) | &nbsp;&nbsp;12/16/31 | 458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399724 |
| Tronox Finance LLC,<br> 2024 Term B Loan, 1 Month SOFR + 2.500% | 6.473(c) | &nbsp;&nbsp;09/30/31 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91462 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3712051 |
| **Commercial Services 7.1%** | **Commercial Services 7.1%** | **Commercial Services 7.1%** | **Commercial Services 7.1%** | **Commercial Services 7.1%** |
| Adtalem Global Education, Inc.,<br> 2024 Second Repricing Term Loan, 1 Month SOFR + 2.750% | 6.666(c) | &nbsp;&nbsp;08/12/28 | 500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500416 |
| Albion Financing 3 Sarl (United Kingdom),<br> 2025-A Refinancing USD Term Loan, 3 Month SOFR + 3.000% | 6.868(c) | &nbsp;&nbsp;05/21/31 | 148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148257 |
| AlixPartners LLP,<br> 2025 Refinanced Dollar Term Loan, 1 Month SOFR + 2.000% | 5.916(c) | &nbsp;&nbsp;08/12/32 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99900 |
| Allied Universal Holdco LLC,<br> Amendment No. 7 Replacement USD Term Loan, 1 Month SOFR + 3.350% | 7.266(c) | &nbsp;&nbsp;08/20/32 | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401418 |
| Belfor Holdings, Inc.,<br> Tranche Term B-5 Loan, 1 Month SOFR + 2.750% | 6.666(c) | &nbsp;&nbsp;11/01/30 | 264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264679 |
| Belron Finance 2019 LLC,<br> 2031 Dollar Term Loan, 3 Month SOFR + 2.250% | 6.120(c) | &nbsp;&nbsp;10/16/31 | 221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222241 |
| Boost Newco Borrower LLC,<br> Term B-2 Loan, 3 Month SOFR + 2.000% | 6.002(c) | &nbsp;&nbsp;01/31/31 | 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197731 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal 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)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| Catawba Nation Gaming Authority,<br> Initial Term B Loan, 1 Month SOFR + 4.750% | 8.666 %(c) | &nbsp;&nbsp;03/28/32 | 200 | &nbsp;&nbsp; $200750 |
| CoreLogic, Inc.,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.614% | 7.530(c) | &nbsp;&nbsp;06/02/28 | 119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118648 |
| Crisis Prevention Institute, Inc.,<br> 2024 Term Loan, 3 Month SOFR + 4.000% | 8.002(c) | &nbsp;&nbsp;04/09/31 | 372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368466 |
| DS Parent, Inc.,<br> Term B Loan, 3 Month SOFR + 5.500% | 9.502(c) | &nbsp;&nbsp;01/31/31 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90418 |
| EAB Global, Inc.,<br> Term Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;08/16/30 | 122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113165 |
| Grant Thornton Advisors LLC,<br> 2025 Incremental Term Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;06/02/31 | 213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212587 |
| Ingenovis Health, Inc.,<br> First Lien Initial Term Loan, 3 Month SOFR + 4.250%^ | 8.334(c) | &nbsp;&nbsp;03/06/28 | 520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156138 |
| Jupiter Buyer, Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.250% | 8.252(c) | &nbsp;&nbsp;11/01/31 | 178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179307 |
| Kuehg Corp.,<br> Term Loan, 3 Month SOFR + 2.750% | 6.752(c) | &nbsp;&nbsp;06/12/30 | 222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210205 |
| Latham Pool Products, Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.150% | 7.972(c) | &nbsp;&nbsp;02/23/29 | 184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182186 |
| Mavis Tire Express Services Topco Corp.,<br> 2025 First Lien Incremental Term Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;05/04/28 | 447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447767 |
| MPH Acquisition Holdings LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Term Out Loan, 3 Month SOFR + 3.750% | 7.590(c) | &nbsp;&nbsp;12/31/30 | 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 3 Month SOFR + 4.862% | 8.702(c) | &nbsp;&nbsp;12/31/30 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189228 |
| Neon Maple Purchaser, Inc.,<br> First Amend Tranche Term B-1 Loan | 6.416(c) | &nbsp;&nbsp;11/17/31 | 397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396629 |
| NorthAB LLC,<br> 2025 Refinancing Term Loan, 3 Month SOFR + 2.500% | 6.502(c) | &nbsp;&nbsp;11/24/28 | 343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329407 |
| Omnia Partners LLC,<br> Amendment No. 3 Term Loan, 3 Month SOFR + 2.500% | 6.359(c) | &nbsp;&nbsp;07/25/30 | 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198295 |
| PG Polaris Bidco sarl (Ursa Minor) (Luxembourg),<br> Second Amendment Refinancing Term Loan, 1 Month SOFR + 2.250% | 6.091(c) | &nbsp;&nbsp;03/26/31 | 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198375 |
| Ryan LLC,<br> 2025 Refinancing Term Loan, 1 Month SOFR + 3.500% | 7.416(c) | &nbsp;&nbsp;11/05/32 | 412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410100 |
| Trans Union LLC,<br> Term B-5 Loan, 1 Month SOFR + 1.750% | 5.766(c) | &nbsp;&nbsp;11/16/26 | 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189552 |
| TruGreen LP,<br> Second Refinancing Term Loan (First Lien), 1 Month SOFR + 4.100% | 8.016(c) | &nbsp;&nbsp;11/02/27 | 222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216831 |
| Verde Purchaser LLC,<br> Initial Term Loan, 3 Month SOFR + 4.000% | 8.002(c) | &nbsp;&nbsp;11/30/30 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196759 |
| VT Topco, Inc.,<br> Second Amendment Term Loan, 1 Month SOFR + 3.000% | 6.965(c) | &nbsp;&nbsp;08/09/30 | 448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440860 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7070568 |
| **Computers 2.7%** | **Computers 2.7%** | **Computers 2.7%** | **Computers 2.7%** | **Computers 2.7%** |
| Amentum Holdings, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;09/29/31 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250313 |
| Bingo Holdings I LLC,<br> Term Loan, 3 Month SOFR + 4.750% | 8.752(c) | &nbsp;&nbsp;06/30/32 | 475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466331 |
| Indy US Bidco LLC,<br> 2025 Term Loan, 1 Month SOFR + 2.500% | 5.166(c) | &nbsp;&nbsp;10/31/30 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299630 |
| McAfee Corp.,<br> Refinancing Tranche B-1, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;03/01/29 | 291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267853 |
| NCR Atleos Corp.,<br> Term B Loan, 3 Month SOFR + 3.000% | 7.026(c) | &nbsp;&nbsp;04/16/29 | 121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121189 |
| Ping Identity Corp.,<br> Initial Term Loan, 3 Month SOFR + 2.750% | 6.591(c) | &nbsp;&nbsp;11/13/32 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250938 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Computers (cont'd.)** | **Computers (cont'd.)** | **Computers (cont'd.)** | **Computers (cont'd.)** | **Computers (cont'd.)** | **Computers (cont'd.)** |
| Sandisk Corp.,<br> Term B Loan, 3 Month SOFR + 3.000% | 6.857 %(c) | &nbsp;&nbsp;02/20/32 |  | 158 | &nbsp;&nbsp; $158718 |
| Synechron, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.750%^ | 7.572(c) | &nbsp;&nbsp;10/03/31 |  | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246634 |
| Tempo Acquisition LLC,<br> Term B Loan, 1 Month SOFR + 1.750% | 5.666(c) | &nbsp;&nbsp;08/31/28 |  | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144984 |
| VeriFone Systems, Inc.,<br> 2025-1 Refinancing Term Loan, 3 Month SOFR + 5.512% | 9.352(c) | &nbsp;&nbsp;08/18/28 |  | 466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440678 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2647268 |
| **Consumer Services 0.2%** | **Consumer Services 0.2%** | **Consumer Services 0.2%** | **Consumer Services 0.2%** | **Consumer Services 0.2%** | **Consumer Services 0.2%** |
| University Support Services LLC (Grenada),<br> Initial Term Loan, 1 Month SOFR + 2.750% | 6.666(c) | &nbsp;&nbsp;02/10/29 |  | 242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237066 |
| **Cosmetics/Personal Care 0.5%** | **Cosmetics/Personal Care 0.5%** | **Cosmetics/Personal Care 0.5%** | **Cosmetics/Personal Care 0.5%** | **Cosmetics/Personal Care 0.5%** | **Cosmetics/Personal Care 0.5%** |
| Rainbow UK Bidco Ltd. (Luxembourg),<br> Facility B-3 Loan, SONIA + 4.500% | 8.488(c) | &nbsp;&nbsp;02/23/29 | &nbsp;&nbsp;GBP | 375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494319 |
| **Distribution/Wholesale 1.7%** | **Distribution/Wholesale 1.7%** | **Distribution/Wholesale 1.7%** | **Distribution/Wholesale 1.7%** | **Distribution/Wholesale 1.7%** | **Distribution/Wholesale 1.7%** |
| AIP RD Buyer Corp.,<br> Term B Loan (First Lien), 1 Month SOFR + 4.000% | 7.416(c) | &nbsp;&nbsp;12/23/30 |  | 148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148069 |
| Olympus Water US Holding Corp.,<br> Term B-6 Dollar Loan, 3 Month SOFR + 3.000% | 7.002(c) | &nbsp;&nbsp;06/20/31 |  | 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194962 |
| Pearls Netherlands Bidco BV (Netherlands),<br> Term B Loan (USD), 3 Month SOFR + 3.250% | 7.090(c) | &nbsp;&nbsp;02/26/29 |  | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113881 |
| Protective Industrial Products, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.000% | 7.916(c) | &nbsp;&nbsp;05/21/32 |  | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272422 |
| Quimper AB (Sweden),<br> Term B Loan, 6 Month EURIBOR + 3.750% | 5.859(c) | &nbsp;&nbsp;03/15/30 | &nbsp;&nbsp;EUR | 450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525856 |
| Windsor Holdings III LLC,<br> 2025 Refinancing Term B Loan, 1 Month SOFR + 2.750% | 6.666(c) | &nbsp;&nbsp;08/01/30 |  | 399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398499 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1653689 |
| **Diversified Financial Services 2.5%** | **Diversified Financial Services 2.5%** | **Diversified Financial Services 2.5%** | **Diversified Financial Services 2.5%** | **Diversified Financial Services 2.5%** | **Diversified Financial Services 2.5%** |
| Dechra Finance US,<br> Facility B-1 Loan, 6 Month SOFR + 3.250% | 7.447(c) | &nbsp;&nbsp;01/27/32 |  | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199995 |
| EP Wealth Advisors LLC,<br> Closing Date Term Loan, 3 Month SOFR + 3.000% | 6.894(c) | &nbsp;&nbsp;10/18/32 |  | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74906 |
| Focus Financial Partners LLC,<br> Tranche B Incremental Term Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;09/15/31 |  | 521 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521312 |
| Hudson River Trading LLC,<br> Term B-1 Loan, 1 Month SOFR + 2.750% | 6.709(c) | &nbsp;&nbsp;03/18/30 |  | 587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588269 |
| Jefferies Finance LLC,<br> Initial Term Loan 2024, 1 Month SOFR + 2.750% | 6.709(c) | &nbsp;&nbsp;10/21/31 |  | 347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342602 |
| VFH Parent LLC,<br> Term B-2 Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;06/21/31 |  | 468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469170 |
| Virtus Investment Partners, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;09/27/32 |  | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275172 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2471426 |
| **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** | **Electric 1.0%** |
| Calpine Corp., |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Facility Term Loan, 1 Month SOFR + 1.750% | 5.666(c) | &nbsp;&nbsp;02/15/32 |  | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-10 Loan, 1 Month SOFR + 1.750% | 5.666(c) | &nbsp;&nbsp;01/31/31 |  | 224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223654 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** | **Electric (cont'd.)** |
| Discovery Energy Holding Corp.,<br> Initial Dollar Term Loan, 3 Month SOFR + 3.750% | 7.752 %(c) | &nbsp;&nbsp;05/01/31 | 298 | &nbsp;&nbsp; $299261 |
| Talen Energy Supply LLC,<br> 2025 First Lien Term B Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;10/31/32 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;972828 |
| **Electrical Components & Equipment 0.1%** | **Electrical Components & Equipment 0.1%** | **Electrical Components & Equipment 0.1%** | **Electrical Components & Equipment 0.1%** | **Electrical Components & Equipment 0.1%** |
| Energizer Holdings, Inc.,<br> 2025 Term B Loan, 1 Month SOFR + 2.000% | 5.951(c) | &nbsp;&nbsp;03/19/32 | &nbsp;&nbsp;89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89285 |
| **Electronics 0.8%** | **Electronics 0.8%** | **Electronics 0.8%** | **Electronics 0.8%** | **Electronics 0.8%** |
| Indicor LLC,<br> Tranche D Dollar Term Loan, 3 Month SOFR + 2.750% | 6.752(c) | &nbsp;&nbsp;11/22/29 | 297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298558 |
| Lsf12 Crown US Commercial Bidco LLC,<br> 2025 Refinancing Term Loan, 1 Month SOFR + 3.500% | 7.484(c) | &nbsp;&nbsp;12/02/31 | &nbsp;&nbsp;49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48701 |
| Minimax Viking GmbH - MX Holdings US, Inc.,<br> Senior Facility B (USD) Loan, 1 Month SOFR + 2.000% | 5.916(c) | &nbsp;&nbsp;03/17/32 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300372 |
| Pinnacle Buyer LLC,<br> Term Loan, 3 Month SOFR + 2.500% | 6.485(c) | &nbsp;&nbsp;10/01/32 | 147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147202 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;794833 |
| **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** | **Energy-Alternate Sources 0.1%** |
| WIN Waste Innovations Holdings, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.864% | 6.780(c) | &nbsp;&nbsp;03/24/28 | 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104573 |
| **Engineering & Construction 1.2%** | **Engineering & Construction 1.2%** | **Engineering & Construction 1.2%** | **Engineering & Construction 1.2%** | **Engineering & Construction 1.2%** |
| Azuria Water Solutions, Inc.,<br> 2025 Replacement Term Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;05/17/28 | 444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446205 |
| Brown Group Holding LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term B-2 Facility, 3 Month SOFR + 2.750% | 6.609(c) | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99912 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;07/01/31 | 148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148279 |
| Legence Holdings LLC,<br> Term B Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;12/16/31 | 113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113268 |
| Michael Baker International LLC,<br> Term B Loan First Lien, 3 Month SOFR + 4.000% | 7.840(c) | &nbsp;&nbsp;12/01/28 | 346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346599 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1154263 |
| **Entertainment 3.9%** | **Entertainment 3.9%** | **Entertainment 3.9%** | **Entertainment 3.9%** | **Entertainment 3.9%** |
| Allen Media LLC,<br> Term B Loan, 3 Month SOFR + 5.650% | 9.652(c) | &nbsp;&nbsp;02/10/27 | 182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126044 |
| Allwyn Entertainment Financing (US) LLC,<br> Term B Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/30/32 | 375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361875 |
| Caesars Entertainment, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term B-1 Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;02/06/31 | 425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;02/06/30 | 163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160639 |
| Cinemark USA, Inc.,<br> Term Loan, 3 Month SOFR + 2.250% | 6.187(c) | &nbsp;&nbsp;05/24/30 | 369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369205 |
| Crown Finance US, Inc. (United Kingdom),<br> Term B Loan, 1 Month SOFR + 4.500% | 8.484(c) | &nbsp;&nbsp;12/02/31 | 474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473470 |
| ECL Entertainment LLC,<br> 2025 Refinancing Term B Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;08/30/30 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248750 |
| Flutter Entertainment PLC (Ireland),<br> Third Incremental Term B Loan, 3 Month SOFR + 2.000% | 6.002(c) | &nbsp;&nbsp;06/04/32 | 625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622220 |
| Hershend Entertainment Co LLC,<br> Term B Loan, 1 Month SOFR + 3.250% | 7.166(c) | &nbsp;&nbsp;05/27/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125233 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** | **Entertainment (cont'd.)** |
| Maverick Gaming LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Out Term Loan, 3 Month SOFR + 8.500%^ | 11.456 %(c) | &nbsp;&nbsp;06/05/28(d) | &nbsp;&nbsp;26 | &nbsp;&nbsp; $23420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/05/28(d) | &nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| Motion Finco LLC (United Kingdom),<br> Facility B-3, 3 Month SOFR + 3.500% | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/12/29 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85125 |
| Six Flags Entertainment Corp.,<br> Initial Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;5.916(c) | &nbsp;&nbsp;05/01/31 | 198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193324 |
| Voyager Parent LLC,<br> First Lien Term B Loan, 3 Month SOFR + 4.750% | &nbsp;&nbsp;8.752(c) | &nbsp;&nbsp;07/01/32 | 650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649910 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3859121 |
| **Environmental Control 2.6%** | **Environmental Control 2.6%** | **Environmental Control 2.6%** | **Environmental Control 2.6%** | **Environmental Control 2.6%** |
| Action Environmental Group, Inc. (The),<br> 2025 Term B Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.252(c) | &nbsp;&nbsp;10/24/30 | 468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467633 |
| GFL Environmental, Inc.,<br> Initial Term Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.671(c) | &nbsp;&nbsp;03/03/32 | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350437 |
| JFL-Tiger Acquisition Co., Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.750% | &nbsp;&nbsp;7.701(c) | &nbsp;&nbsp;10/17/30 | 345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345481 |
| Madison Iaq LLC,<br> 2025 Repriced Incremental Term Loan, 3 Month SOFR + 2.750% | &nbsp;&nbsp;6.637(c) | &nbsp;&nbsp;11/08/32 | 472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473678 |
| Mip V Waste Holdings LLC,<br> Tranche Term B-2 Loan, 3 Month SOFR + 2.750%^ | &nbsp;&nbsp;6.590(c) | &nbsp;&nbsp;08/20/32 | 197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197320 |
| Reworld Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term B-1 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.210(c) | &nbsp;&nbsp;11/30/28 | 184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184491 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term C-1 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.210(c) | &nbsp;&nbsp;11/30/28 | &nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14281 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.201(c) | &nbsp;&nbsp;11/30/28 | 201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201358 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term C Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.201(c) | &nbsp;&nbsp;11/30/28 | &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11114 |
| Tidal Waste & Recycling Holdings LLC,<br> Term B Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;7.002(c) | &nbsp;&nbsp;10/24/31 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149437 |
| WIN Waste Innovations Holdings, Inc.,<br> New Term B-2 Loan, 1 Month SOFR + 3.364% | &nbsp;&nbsp;7.280(c) | &nbsp;&nbsp;03/24/28 | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165205 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2560435 |
| **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** | **Food Service 0.3%** |
| Gategroup Finance (Switzerland),<br> Senior Facility B (USD) Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.234(c) | &nbsp;&nbsp;06/10/32 | 314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313479 |
| **Foods 0.8%** | **Foods 0.8%** | **Foods 0.8%** | **Foods 0.8%** | **Foods 0.8%** |
| Froneri International Ltd.,<br> Facility B-4, 6 Month SOFR + 2.000% | &nbsp;&nbsp;6.197(c) | &nbsp;&nbsp;09/30/31 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272815 |
| Nourish Buyer I, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.500%^ | &nbsp;&nbsp;8.459(c) | &nbsp;&nbsp;07/08/32 | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274312 |
| Sycamore Buyer LLC,<br> 2025-2 Refinancing Term B Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;5.950(c) | &nbsp;&nbsp;05/21/32 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225811 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772938 |
| **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** |
| Magnera Corp.,<br> New Term Loan, 3 Month SOFR + 4.250% | &nbsp;&nbsp;8.072(c) | &nbsp;&nbsp;11/04/31 | 280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274607 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Hand/Machine Tools 0.5%** | **Hand/Machine Tools 0.5%** | **Hand/Machine Tools 0.5%** | **Hand/Machine Tools 0.5%** | **Hand/Machine Tools 0.5%** |
| Alliance Laundry Systems,<br> Initial Term B Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.154 %(c) | &nbsp;&nbsp;08/19/31 | 256 | &nbsp;&nbsp; $256043 |
| Madison Safety & Flow LLC,<br> 2025-B Incremental Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;09/26/31 | 248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249291 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505334 |
| **Healthcare 0.4%** | **Healthcare 0.4%** | **Healthcare 0.4%** | **Healthcare 0.4%** | **Healthcare 0.4%** |
| Envision Healthcare Operating, Inc.,<br> 2025 Replacement Term Loan, 1 Month SOFR + 6.500% | 10.416(c) | &nbsp;&nbsp;06/25/30 | 393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394024 |
| **Healthcare & Pharmaceuticals 0.2%** | **Healthcare & Pharmaceuticals 0.2%** | **Healthcare & Pharmaceuticals 0.2%** | **Healthcare & Pharmaceuticals 0.2%** | **Healthcare & Pharmaceuticals 0.2%** |
| Loire Finco Luxembourg Sarl (Luxembourg),<br> Additional Facility USD, 1 Month SOFR + 4.000% | &nbsp;&nbsp;7.916(c) | &nbsp;&nbsp;01/21/30 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248959 |
| **Healthcare-Products 0.8%** | **Healthcare-Products 0.8%** | **Healthcare-Products 0.8%** | **Healthcare-Products 0.8%** | **Healthcare-Products 0.8%** |
| Bausch & Lomb Corp.,<br> Third Amendment Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.166(c) | &nbsp;&nbsp;01/15/31 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150062 |
| Medline Borrower LP, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2028 Refinancing Term Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;5.916(c) | &nbsp;&nbsp;10/23/28 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250328 |
| &nbsp;&nbsp;&nbsp;&nbsp;2030 Refinancing Term Loan, 1 Month SOFR + 2.000% | &nbsp;&nbsp;5.916(c) | &nbsp;&nbsp;10/23/30 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248973 |
| QuidelOrtho Corp./QDEL,<br> Term B Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.002(c) | &nbsp;&nbsp;08/20/32 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149156 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798519 |
| **Healthcare-Services 2.5%** | **Healthcare-Services 2.5%** | **Healthcare-Services 2.5%** | **Healthcare-Services 2.5%** | **Healthcare-Services 2.5%** |
| Accelerated Health Systems LLC,<br> Initial Term B Loan, 3 Month SOFR + 4.350% | &nbsp;&nbsp;8.190(c) | &nbsp;&nbsp;02/15/29 | 247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185801 |
| Charlotte Buyer, Inc.,<br> Second Refinancing Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.207(c) | &nbsp;&nbsp;02/11/28 | 286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285249 |
| Examworks Bidco, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;11/01/28 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249727 |
| LifePoint Health, Inc.,<br> Term B Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.682(c) | &nbsp;&nbsp;05/16/31 | 234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234895 |
| Mamba Purchaser, Inc.,<br> Fifth Amendment Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.826(c) | &nbsp;&nbsp;10/16/31 | 147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147761 |
| Phoenix Guarantor, Inc.,<br> Tranche Term B-5 Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;02/21/31 | 269 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270505 |
| Sound Inpatient Physicians Holdings LLC,<br> Tranche Term B Loan, 3 Month SOFR + 5.262%^ | &nbsp;&nbsp;9.263(c) | &nbsp;&nbsp;06/28/28 | 533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510358 |
| Sound Inpatient Physicians, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche Term A Loan, 3 Month SOFR + 6.762% | 10.763(c) | &nbsp;&nbsp;06/28/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche Term C Loan, 3 Month SOFR + 7.012%^ | 11.013(c) | &nbsp;&nbsp;06/28/29 | &nbsp;&nbsp;&nbsp;&nbsp;6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5226 |
| Upstream Newco, Inc.,<br> August 2021 Incremental Term Loan, 3 Month SOFR + 4.512% | &nbsp;&nbsp;8.352(c) | &nbsp;&nbsp;11/20/26 | 652 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;563483 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2504254 |
| **Holding Companies-Diversified 0.5%** | **Holding Companies-Diversified 0.5%** | **Holding Companies-Diversified 0.5%** | **Holding Companies-Diversified 0.5%** | **Holding Companies-Diversified 0.5%** |
| Clue OpCo LLC,<br> Term B Loan, 3 Month SOFR + 4.500% | &nbsp;&nbsp;8.338(c) | &nbsp;&nbsp;12/19/30 | 508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503302 |
| **Home Furnishings 0.5%** | **Home Furnishings 0.5%** | **Home Furnishings 0.5%** | **Home Furnishings 0.5%** | **Home Furnishings 0.5%** |
| TGP Holdings III LLC,<br> First Lien Closing Date Term Loan, 1 Month SOFR + 3.350% | &nbsp;&nbsp;7.266(c) | &nbsp;&nbsp;06/29/28 | 551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514471 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal 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)** |
| **Housewares 0.4%** | **Housewares 0.4%** | **Housewares 0.4%** | **Housewares 0.4%** | **Housewares 0.4%** |
| Hunter Douglas Holding BV (Netherlands),<br> Tranche Term B-1 Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.127 %(c) | &nbsp;&nbsp;01/17/32 | 248 | &nbsp;&nbsp; $248249 |
| Lifetime Brands, Inc.,<br> Extended Term Loan, 1 Month SOFR + 5.614%^ | &nbsp;&nbsp;9.574(c) | &nbsp;&nbsp;08/26/27 | &nbsp;&nbsp;44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39781 |
| SWF Holdings I Corp.,<br> Tranche Term A-1 Loan, 1 Month SOFR + 4.500% | &nbsp;&nbsp;8.416(c) | &nbsp;&nbsp;12/18/29 | 129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127607 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415637 |
| **Insurance 3.4%** | **Insurance 3.4%** | **Insurance 3.4%** | **Insurance 3.4%** | **Insurance 3.4%** |
| Acrisure LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Repricing Term B-6 Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;6.916(c) | &nbsp;&nbsp;11/06/30 | 520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518729 |
| &nbsp;&nbsp;&nbsp;&nbsp;2025 Term B-7 Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.166(c) | &nbsp;&nbsp;06/20/32 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298876 |
| AmWINS Group, Inc.,<br> Initial Term Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.252(c) | &nbsp;&nbsp;01/30/32 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299920 |
| Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term B-04 Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.280(c) | &nbsp;&nbsp;01/20/29 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186958 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term B-10 Loan, 1 Month SOFR + 4.100% | &nbsp;&nbsp;8.016(c) | &nbsp;&nbsp;08/19/28 | 510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509193 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term B-12 Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.166(c) | &nbsp;&nbsp;09/19/30 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term B-3 Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.280(c) | &nbsp;&nbsp;01/31/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47812 |
| Broadstreet Partners, Inc.,<br> 2024 Term B Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;06/13/31 | 272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272512 |
| Howden Gropu Holdings Ltd. (United Kingdom),<br> 2024-2 Refinancing Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.416(c) | &nbsp;&nbsp;04/18/30 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49893 |
| Sedgwick Claims Management Services, Inc.,<br> 2024 Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;07/31/31 | 648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648576 |
| USI, Inc.,<br> 2024 Term Loan, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.252(c) | &nbsp;&nbsp;09/27/30 | 418 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418706 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3349552 |
| **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** | **Internet 0.7%** |
| Cablevision Lightpath LLC,<br> 2025 Refinancing Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;6.959(c) | &nbsp;&nbsp;11/30/27 | 130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130090 |
| Diamond Sports Net LLC,<br> First Lien Exit Term Loan | 15.000 | &nbsp;&nbsp;01/02/28 | &nbsp;&nbsp;14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8463 |
| MH Sub I LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2023 May New Term Loan, 3 Month SOFR + 4.250% | &nbsp;&nbsp;8.252(c) | &nbsp;&nbsp;05/03/28 | 413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373405 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 December New Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.166(c) | &nbsp;&nbsp;12/31/31 | 202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164248 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;676206 |
| **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** |
| Acuren Delaware Holdco, Inc.,<br> Amendment No. 1 Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;07/30/31 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200286 |
| BCP VI Summit Holdings LP,<br> Initial Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;6.984(c) | &nbsp;&nbsp;01/30/32 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50124 |
| Deep Blue Operating I LLC,<br> Initial Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.734(c) | &nbsp;&nbsp;10/01/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125312 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375722 |
| **Leisure Time 1.5%** | **Leisure Time 1.5%** | **Leisure Time 1.5%** | **Leisure Time 1.5%** | **Leisure Time 1.5%** |
| Alterra Mountain Co.,<br> Term B-8 Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;05/31/30 | 123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122826 |
| Arcis Golf LLC,<br> Amendment No. 3 Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;11/24/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99844 |
| Bombardier Recreational Products, Inc. (Canada),<br> 2023 Replacement Term Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.166(c) | &nbsp;&nbsp;12/13/29 | 166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166197 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal 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)** |
| **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** | **Leisure Time (cont'd.)** |
| Fender Musical Instruments Corp.,<br> Initial Term Loan, 1 Month SOFR + 4.100% | 8.016 %(c) | &nbsp;&nbsp;12/01/28 | 304 | &nbsp;&nbsp; $273254 |
| LC Ahab US Bidco LLC,<br> Initial Term Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;05/01/31 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274473 |
| Life Time, Inc.,<br> 2025 Repriced First Lien Term B Loan, 1 Month SOFR + 2.000% | 6.006(c) | &nbsp;&nbsp;11/05/31 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98773 |
| Recess Holdings, Inc.,<br> Amendment No. 5 Term Loan, 3 Month SOFR + 3.750% | 7.615(c) | &nbsp;&nbsp;02/20/30 | 247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247563 |
| SGH2 LLC,<br> Initial Dollar Term Loan, 3 Month SOFR + 4.500% | 8.508(c) | &nbsp;&nbsp;08/18/32 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200250 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1483180 |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| Fertitta Entertainment LLC,<br> Initial B Term Loan, 1 Month SOFR + 3.250% | 7.166(c) | &nbsp;&nbsp;01/27/29 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198221 |
| **Machinery-Construction & Mining 0.2%** | **Machinery-Construction & Mining 0.2%** | **Machinery-Construction & Mining 0.2%** | **Machinery-Construction & Mining 0.2%** | **Machinery-Construction & Mining 0.2%** |
| WEC US Holdings Ltd.,<br> Initial Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;01/27/31 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250220 |
| **Machinery-Diversified 2.0%** | **Machinery-Diversified 2.0%** | **Machinery-Diversified 2.0%** | **Machinery-Diversified 2.0%** | **Machinery-Diversified 2.0%** |
| Chart Industries, Inc.,<br> 2024 Term B Loan, 3 Month SOFR + 2.500% | 6.476(c) | &nbsp;&nbsp;03/15/30 | 137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137657 |
| DXP Enterprises, Inc.,<br> 2024 Incremental Term Loan, 1 Month SOFR + 3.750% | 7.666(c) | &nbsp;&nbsp;10/11/30 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124446 |
| Engineered Machinery Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental USD First Lien Term Loan, 3 Month SOFR + 3.762% | 7.763(c) | &nbsp;&nbsp;05/19/28 | &nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/26/32 | 218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/22/32 | &nbsp;&nbsp;32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32052 |
| Graftech Global Enterprises, Inc.,<br> Initial Term Loan, 3 Month SOFR + 6.000% | 9.858(c) | &nbsp;&nbsp;12/21/29 | 318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322159 |
| Pro Mach,<br> Amendment No. 6 Term Loan, 1 Month SOFR + 2.750% | 6.666(c) | &nbsp;&nbsp;10/16/32 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251094 |
| TK Elevator Midco GmbH (Germany),<br> (USD) Term B Loan, 6 Month SOFR + 3.000% | 7.114(c) | &nbsp;&nbsp;04/30/30 | 568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570714 |
| Victory Buyer LLC,<br> Initial Term Loan, 1 Month SOFR + 3.864% | 7.780(c) | &nbsp;&nbsp;11/19/28 | 272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272711 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972534 |
| **Media 0.9%** | **Media 0.9%** | **Media 0.9%** | **Media 0.9%** | **Media 0.9%** |
| Nexstar Media, Inc.,<br> Term B-5 Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;06/28/32 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149879 |
| Radiate Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Out Term Loan, 1 Month SOFR + 3.500% | 4.515(c) | &nbsp;&nbsp;09/25/29 | 263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192551 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/26/29 | &nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/26/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74156 |
| Sunrise HoldCo III BV,<br> Facility AAA1, 3 Month SOFR + 2.500% | 6.426(c) | &nbsp;&nbsp;02/15/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125000 |
| Virgin Media Bristol LLC,<br> Facility Y, 6 Month SOFR + 3.275% | 7.052(c) | &nbsp;&nbsp;03/31/31 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294112 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860417 |
| **Metal Fabricate/Hardware 0.9%** | **Metal Fabricate/Hardware 0.9%** | **Metal Fabricate/Hardware 0.9%** | **Metal Fabricate/Hardware 0.9%** | **Metal Fabricate/Hardware 0.9%** |
| Crosby US Acquisition Corp.,<br> Amendment No. 4 Replacement Term Loan, 1 Month SOFR + 3.500% | 7.416(c) | &nbsp;&nbsp;08/16/29 | 172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172765 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** | **Metal Fabricate/Hardware (cont'd.)** |
| Doncasters US Finance LLC (United Kingdom),<br> Initial Term Loan, 3 Month SOFR + 6.500%^ | 10.502 %(c) | &nbsp;&nbsp;04/23/30 | 222 | &nbsp;&nbsp; $223658 |
| Grinding Media, Inc.,<br> 2024 Term B Loan, 3 Month SOFR + 3.500%^ | &nbsp;&nbsp;7.335(c) | &nbsp;&nbsp;10/12/28 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249682 |
| Tiger Acquisition LLC,<br> Refinancing Initial Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.451(c) | &nbsp;&nbsp;08/23/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125077 |
| Trulite Glass & Aluminum Solutions LLC,<br> Initial Term Loan, 3 Month SOFR + 6.000%^ | &nbsp;&nbsp;9.976(c) | &nbsp;&nbsp;03/01/30 | 168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165911 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937093 |
| **Mining 0.1%** | **Mining 0.1%** | **Mining 0.1%** | **Mining 0.1%** | **Mining 0.1%** |
| Arsenal Aic Parent LLC,<br> 2025 Term B Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;08/18/30 | 144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143992 |
| **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** |
| AMG Advanced Metallurgical Group NV (Netherlands),<br> 2021 Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.530(c) | &nbsp;&nbsp;11/30/28 | 271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269426 |
| Plastipak Holdings, Inc.,<br> Tranche Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;09/10/32 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249844 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519270 |
| **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** | **Oil & Gas 0.3%** |
| Apro LLC,<br> Initial Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.677(c) | &nbsp;&nbsp;07/09/31 | 322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320141 |
| **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** |
| Closure Systems International Group,<br> Amendment No. 5 Term Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;6.916(c) | &nbsp;&nbsp;03/22/29 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99093 |
| Clydesdale Acquisition Holdings, Inc.,<br> 2025 Incremental Closing Date Term B Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.166(c) | &nbsp;&nbsp;04/01/32 | 490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487066 |
| Owens-Brockway Glass Container, Inc.,<br> Tranche Term B-1 Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;6.838(c) | &nbsp;&nbsp;09/30/32 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150250 |
| Plaze, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.530(c) | &nbsp;&nbsp;08/03/26 | 316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293181 |
| Pregis Topco LLC,<br> Amendment No. 10 Refinancing Term Loan, 1 Month SOFR + 4.000% | &nbsp;&nbsp;7.916(c) | &nbsp;&nbsp;02/01/29 | 134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134337 |
| Ring Container Technologies Group LLC,<br> 2025 Refinancing Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;09/15/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124818 |
| Secure Acquisition, Inc.,<br> Closing Date Term Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.752(c) | &nbsp;&nbsp;12/15/28 | 396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398566 |
| Supplyone, Inc.,<br> Term B Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.416(c) | &nbsp;&nbsp;04/19/31 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99931 |
| Trident TPI Holdings, Inc.,<br> Tranche Term B-7 Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.752(c) | &nbsp;&nbsp;09/15/28 | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265115 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2052357 |
| **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** |
| Amneal Pharmaceuticals LLC,<br> Amendment No. 1 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.416(c) | &nbsp;&nbsp;08/02/32 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328250 |
| Gainwell Acquisition Corp.,<br> Term B Loan, 3 Month SOFR + 4.100% | &nbsp;&nbsp;8.102(c) | &nbsp;&nbsp;10/01/27 | 520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;513956 |
| Sharp Services LLC,<br> Tranche Term E Loan, 3 Month SOFR + 3.000%^ | &nbsp;&nbsp;6.990(c) | &nbsp;&nbsp;09/29/32 | 323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324342 |
| VetStrategy Canada Holdings, Inc. (Canada),<br> Incremental Term B-12 Loan, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.752(c) | &nbsp;&nbsp;12/12/28 | 298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298850 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1465398 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Pipelines 0.8%** | **Pipelines 0.8%** | **Pipelines 0.8%** | **Pipelines 0.8%** | **Pipelines 0.8%** |
| Colossus Acquireco LLC,<br> Term B Loan, 1 Month SOFR + 1.750% | 5.878 %(c) | &nbsp;&nbsp;07/30/32 | &nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp; $224062 |
| CPPIB OVM Member US LLC,<br> Initial Term Loan, 3 Month SOFR + 2.500% | 6.502(c) | &nbsp;&nbsp;08/20/31 | &nbsp;&nbsp;&nbsp;247 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247744 |
| FR BR Holdings LLC,<br> Initial Term Loan, 3 Month SOFR + 4.250%^ | 8.185(c) | &nbsp;&nbsp;10/31/30 | &nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125000 |
| Prairie ECI Acquiror LP,<br> Term B-4 Loan, 1 Month SOFR + 3.750% | 7.666(c) | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74250 |
| Stonepeak Bayou Holdings LP,<br> Initial Term Loan, 3 Month SOFR + 2.750% | 6.735(c) | &nbsp;&nbsp;10/01/32 | &nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115937 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786993 |
| **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** | **Private Equity 0.2%** |
| HarbourVest Partners LP,<br> New Term B Loan, 3 Month SOFR + 2.250%^ | 6.252(c) | &nbsp;&nbsp;04/18/30 | &nbsp;&nbsp;&nbsp;236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236712 |
| **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** |
| Greystar Real Estate Partners LLC,<br> Term B-3 Loan, 3 Month SOFR + 2.500%^ | 6.322(c) | &nbsp;&nbsp;08/21/30 | &nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315022 |
| **Real Estate Investment Trusts (REITs) 2.1%** | **Real Estate Investment Trusts (REITs) 2.1%** | **Real Estate Investment Trusts (REITs) 2.1%** | **Real Estate Investment Trusts (REITs) 2.1%** | **Real Estate Investment Trusts (REITs) 2.1%** |
| Apollo Commercial Real Estate Finance, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.250% | 7.209(c) | &nbsp;&nbsp;06/13/30 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99999 |
| Blackstone Mortgage Trust, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;12/31/32 | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274656 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-4 Loan, 1 Month SOFR + 2.500% | 6.416(c) | &nbsp;&nbsp;05/09/29 | &nbsp;&nbsp;&nbsp;148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-6 Loan, 1 Month SOFR + 3.000% | 6.916(c) | &nbsp;&nbsp;12/10/30 | &nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74457 |
| Brookfield Properties Retail Holding LLC,<br> 2025 Replacement Term Loan, 1 Month SOFR + 3.500% | 7.416(c) | &nbsp;&nbsp;05/28/30 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1165828 |
| Starwood Property Mortgage LLC,<br> Incremental Term B-2 Loan, 1 Month SOFR + 2.250% | 6.166(c) | &nbsp;&nbsp;09/24/32 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351313 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2114900 |
| **Retail 2.4%** | **Retail 2.4%** | **Retail 2.4%** | **Retail 2.4%** | **Retail 2.4%** |
| Burlington Coat Factory Warehouse Corp.,<br> Term B Loan, 1 Month SOFR + 1.750% | 5.666(c) | &nbsp;&nbsp;09/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74577 |
| Dave & Buster's, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Incremental Term B Loan, 3 Month SOFR + 3.250% | 7.125(c) | &nbsp;&nbsp;11/01/31 | &nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108591 |
| &nbsp;&nbsp;&nbsp;&nbsp;2024 Refinancing Term B Loan, 3 Month SOFR + 3.250% | 7.125(c) | &nbsp;&nbsp;06/29/29 | &nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157256 |
| Great Outdoors Group LLC,<br> Term B-3 Loan, 1 Month SOFR + 3.250% | 7.166(c) | &nbsp;&nbsp;01/23/32 | &nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425260 |
| Johnstone Supply LLC,<br> Term B Loan, 1 Month SOFR + 2.500% | 6.451(c) | &nbsp;&nbsp;06/09/31 | &nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198025 |
| LBM Acquisition LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amendment No. 4 Incremental Term Loan, 1 Month SOFR + 5.000% | 8.960(c) | &nbsp;&nbsp;06/06/31 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98875 |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term Loan, 1 Month SOFR + 3.850% | 7.810(c) | &nbsp;&nbsp;06/06/31 | &nbsp;&nbsp;&nbsp;124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116994 |
| Peer Holding III BV (Netherlands), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-4 Loan, 3 Month SOFR + 2.500% | 6.502(c) | &nbsp;&nbsp;10/26/30 | &nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74712 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-5 Loan, 3 Month SOFR + 2.500% | 6.502(c) | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;&nbsp;223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223801 |
| PrimeSource/Park River Holdings,<br> 2025 First Lien Term B Loan, 3 Month SOFR + 4.500% | 8.485(c) | &nbsp;&nbsp;03/15/31 | &nbsp;&nbsp;&nbsp;277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278213 |
| Raising Canes Restaurants LLC,<br> First Amendment New Term Loan, 1 Month SOFR + 2.000% | 5.984(c) | &nbsp;&nbsp;11/03/32 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299775 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** | **Floating Rate and Other Loans (Continued)** |
| **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** |
| Rough Country LLC,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.614% | &nbsp;&nbsp;7.530 %(c) | &nbsp;&nbsp;07/28/28 | 148 | &nbsp;&nbsp; $146298 |
| White Cap Supply Holdings LLC,<br> Tranche Term C Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.215(c) | &nbsp;&nbsp;10/19/29 | 197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197623 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400000 |
| **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** | **Semiconductors 0.1%** |
| Altar Bidco, Inc.,<br> Initial Term Loan, 12 Month SOFR + 3.100% | &nbsp;&nbsp;6.783(c) | &nbsp;&nbsp;02/01/29 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147384 |
| **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** | **Shipbuilding 0.1%** |
| Lsf11 Trinity Bidco, Inc.,<br> 2025 Term B Loan, 1 Month SOFR + 2.500%^ | &nbsp;&nbsp;6.451(c) | &nbsp;&nbsp;06/14/30 | 145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145074 |
| **Software 3.9%** | **Software 3.9%** | **Software 3.9%** | **Software 3.9%** | **Software 3.9%** |
| AthenaHealth Group, Inc.,<br> Initial Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;02/15/29 | 399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397928 |
| BMC Software, Inc.,<br> 2031 Replacement Dollar Term Loan, 3 Month SOFR + 3.000% | &nbsp;&nbsp;6.822(c) | &nbsp;&nbsp;07/30/31 | 296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294993 |
| Camelot US Acquisition LLC,<br> Term B-1 Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;01/31/31 | 163 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160034 |
| Clearwater Analytics LLC,<br> Initial Term Loan, 6 Month SOFR + 2.250% | &nbsp;&nbsp;6.460(c) | &nbsp;&nbsp;04/21/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125000 |
| Cloudera, Inc.,<br> Term Loan, 1 Month SOFR + 3.850% | &nbsp;&nbsp;7.766(c) | &nbsp;&nbsp;10/08/28 | 207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195301 |
| Cotiviti, Inc.,<br> Initial Floating Rate Term Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.734(c) | &nbsp;&nbsp;05/01/31 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216000 |
| Dayforce, Inc.,<br> Term B Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;10/31/32 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224219 |
| Evertec Group LLC (Puerto Rico),<br> Term B Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.166(c) | &nbsp;&nbsp;10/30/30 | 235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235000 |
| Genesys Cloud Services Holdings II LLC,<br> 2025 Dollar Term Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;01/30/32 | 423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416340 |
| HireRight Holdings Corp.,<br> 2025 Replacement Term Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.166(c) | &nbsp;&nbsp;09/27/30 | 197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169730 |
| Inmar, Inc.,<br> 2025 First Lien Term Loan, 3 Month SOFR + 4.500% | &nbsp;&nbsp;8.440(c) | &nbsp;&nbsp;10/30/31 | 403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398231 |
| N-Able International Holdings II LLC,<br> 2025 Term Loan^ | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;12/31/32 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200500 |
| Skillsoft Finance II, Inc.,<br> Initial Term Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.280(c) | &nbsp;&nbsp;07/14/28 | 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81812 |
| Veeam Software/VS Buyer,<br> 2025 Repriced First Lien Term B Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.090(c) | &nbsp;&nbsp;04/14/31 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271495 |
| Weld North Education LLC,<br> 2024 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.416(c) | &nbsp;&nbsp;12/21/29 | 243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230441 |
| Zelis Cost Management Buyer, Inc.,<br> Term B-2 Loan, 1 Month SOFR + 2.750% | &nbsp;&nbsp;6.666(c) | &nbsp;&nbsp;09/28/29 | 306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302396 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3919420 |
| **Storage/Warehousing 0.3%** | **Storage/Warehousing 0.3%** | **Storage/Warehousing 0.3%** | **Storage/Warehousing 0.3%** | **Storage/Warehousing 0.3%** |
| Rockpoint Gas Storage Partners LP (Canada),<br> Amendment No. 2 Refinancing Term Loan, 3 Month SOFR + 2.500% | &nbsp;&nbsp;6.343(c) | &nbsp;&nbsp;09/18/31 | 310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;310502 |
| **Telecommunications 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** | **Telecommunications 2.4%** |
| Aventiv Technologies, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bridge Loan, 3 Month SOFR + 10.262% | 14.265 | &nbsp;&nbsp;03/25/26(d) | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6923 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 3 Month SOFR + 7.762%^ | 15.765(c) | &nbsp;&nbsp;03/25/26(d) | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5187 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal 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.)** |
| Crown Subsea Communications Holding, Inc.,<br> 2025 Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.416 %(c) | &nbsp;&nbsp;01/30/31 | 298 | &nbsp;&nbsp; $299911 |
| Iridium Satellite LLC,<br> Term B-4 Loan, 1 Month SOFR + 2.250% | &nbsp;&nbsp;6.166(c) | &nbsp;&nbsp;09/20/30 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95333 |
| Level 3 Financing, Inc.,<br> Term B-4 Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.166(c) | &nbsp;&nbsp;03/29/32 | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350766 |
| Lumen Technologies, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-1 Loan, 1 Month SOFR + 2.464% | &nbsp;&nbsp;6.380(c) | &nbsp;&nbsp;04/15/29 | 174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172708 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-2 Loan, 1 Month SOFR + 2.464% | &nbsp;&nbsp;6.380(c) | &nbsp;&nbsp;04/15/30 | 746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741658 |
| Patagonia Holdco LLC,<br> Initial Term Loan, 3 Month SOFR + 5.750% | &nbsp;&nbsp;9.620(c) | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56292 |
| Qualitytech LP,<br> Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.506(c) | &nbsp;&nbsp;10/30/31 | 449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446446 |
| Xplore, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 1 Month SOFR + 5.114% | &nbsp;&nbsp;9.030(c) | &nbsp;&nbsp;10/24/29 | &nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27608 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Out Term Loan, 1 Month SOFR + 1.614% | &nbsp;&nbsp;6.000(c) | &nbsp;&nbsp;10/24/31 | 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69499 |
| Zayo Group Holdings, Inc.,<br> Dollar Term Loan, 1 Month SOFR + 3.114% | &nbsp;&nbsp;7.030(c) | &nbsp;&nbsp;03/11/30 | &nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78432 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2350763 |
| **Toys/Games/Hobbies 0.3%** | **Toys/Games/Hobbies 0.3%** | **Toys/Games/Hobbies 0.3%** | **Toys/Games/Hobbies 0.3%** | **Toys/Games/Hobbies 0.3%** |
| Entain PLC (United Kingdom),<br> Facility B-5, 3 Month SOFR + 2.250% | &nbsp;&nbsp;6.252(c) | &nbsp;&nbsp;07/30/32 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297750 |
| Maverick Gaming LLC,<br> Initial Roll-Up DIP Loan, 1 Month SOFR + 12.500%^ | 16.416(c) | &nbsp;&nbsp;06/23/26 | &nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7741 |
| Runitonetime LLC,<br> Term Loan, 1 Month SOFR + 12.500%^ | 16.416(c) | &nbsp;&nbsp;04/16/26 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3798 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309289 |
| **Transportation 0.9%** | **Transportation 0.9%** | **Transportation 0.9%** | **Transportation 0.9%** | **Transportation 0.9%** |
| Beacon Mobility Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Delayed Draw Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.252(c) | &nbsp;&nbsp;08/06/30 | &nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7386 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;7.252(c) | &nbsp;&nbsp;08/06/30 | &nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88391 |
| First Student Bidco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;08/15/30 | 254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253968 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term C Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.416(c) | &nbsp;&nbsp;08/15/30 | &nbsp;&nbsp;46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46475 |
| Kenan Advantage Group, Inc. (The),<br> Term B-4 Loan, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.166(c) | &nbsp;&nbsp;01/25/29 | 122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120967 |
| Pods LLC,<br> Term Loan, 1 Month SOFR + 3.114% | &nbsp;&nbsp;7.030(c) | &nbsp;&nbsp;03/31/28 | 121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118788 |
| Savage Enterprises LLC,<br> Term B Loan, 1 Month SOFR + 2.500% | &nbsp;&nbsp;6.506(c) | &nbsp;&nbsp;08/04/32 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274712 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;910687 |
| **Total Floating Rate and Other Loans<br> (cost $70,511,958)** | **Total Floating Rate and Other Loans<br> (cost $70,511,958)** | **Total Floating Rate and Other Loans<br> (cost $70,511,958)** | **Total Floating Rate and Other Loans<br> (cost $70,511,958)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69588253 |
| **Residential Mortgage-Backed Securities 0.6%** | **Residential Mortgage-Backed Securities 0.6%** | **Residential Mortgage-Backed Securities 0.6%** | **Residential Mortgage-Backed Securities 0.6%** | **Residential Mortgage-Backed Securities 0.6%** |
| PMT Credit Risk Transfer Trust, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-01R, Class A, 144A, 30 Day Average SOFR + 3.500% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.572(c) | &nbsp;&nbsp;05/25/33 | 107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-02R, Class A, 144A, 30 Day Average SOFR + 3.350% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.375(c) | &nbsp;&nbsp;03/29/27 | 237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239488 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2024-03R, Class A, 144A, 30 Day Average SOFR + 3.100% (Cap N/A, Floor 0.000%) | &nbsp;&nbsp;7.125(c) | &nbsp;&nbsp;09/27/28 | 262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264527 |
| **Total Residential Mortgage-Backed Securities<br> (cost $605,889)** | **Total Residential Mortgage-Backed Securities<br> (cost $605,889)** | **Total Residential Mortgage-Backed Securities<br> (cost $605,889)** | **Total Residential Mortgage-Backed Securities<br> (cost $605,889)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612389 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **U.S. Treasury Obligation(k) 0.5%** | **U.S. Treasury Obligation(k) 0.5%** | **U.S. Treasury Obligation(k) 0.5%** | **U.S. Treasury Obligation(k) 0.5%** | **U.S. Treasury Obligation(k) 0.5%** |
| U.S. Treasury Bonds<br> (cost $529,173) | 4.125% | &nbsp;&nbsp;08/15/44 | 525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $492434 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Affiliated Exchange-Traded Fund 1.8%** | **Affiliated Exchange-Traded Fund 1.8%** | **Affiliated Exchange-Traded Fund 1.8%** |
| PGIM Active High Yield Bond ETF<br> (cost $1,777,703)(wa) | 50000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1779250 |
| **Common Stocks 0.0%** | **Common Stocks 0.0%** | **Common Stocks 0.0%** |
| **Food Products 0.0%** | **Food Products 0.0%** | **Food Products 0.0%** |
| TopCo Units Equity\*^ | &nbsp;&nbsp;&nbsp;&nbsp;376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** | **Health Care Providers & Services 0.0%** |
| Sound Physicians Holdings LLC (Class A Stock)\*^(x) | &nbsp;&nbsp;7940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2565 |
| Sound Physicians Holdings LLC (Class A2 Stock)\*^(x) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2920 |
| **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** |
| Diamond Sports Group LLC\*(x) | &nbsp;&nbsp;1996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7651 |
| **IT Services 0.0%** | **IT Services 0.0%** | **IT Services 0.0%** |
| ConvergeOne Holdings, Inc.\* | &nbsp;&nbsp;3151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11816 |
| **Software 0.0%** | **Software 0.0%** | **Software 0.0%** |
| Mitel Networks International Ltd. (Canada)\*^ | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Stonepeak Falcon Holdings, Inc. (Canada) (Class A Stock)\* | &nbsp;&nbsp;5763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11339 |
| Xplore, Inc. (Canada), CVR\*^ | &nbsp;&nbsp;&nbsp;&nbsp;432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11339 |
| **Total Common Stocks<br> (cost $55,046)** | **Total Common Stocks<br> (cost $55,046)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33729 |
| **Preferred Stocks 0.5%** | **Preferred Stocks 0.5%** | **Preferred Stocks 0.5%** |
| **Banks 0.0%** | **Banks 0.0%** | **Banks 0.0%** |
| JPMorgan Chase & Co., 4.200%, Maturing 09/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4708 |
| JPMorgan Chase & Co., 4.625%, Maturing 06/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5646 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10354 |
| **Capital Markets 0.5%** | **Capital Markets 0.5%** | **Capital Markets 0.5%** |
| Eagle Point Credit Co., Inc., 7.750%, Maturing 06/30/30 | &nbsp;&nbsp;4712 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119018 |
| Eagle Point Credit Co., Inc., 8.000%, Maturing 01/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6277 |
| OFS Capital Corp., 7.500%, Maturing 07/31/28 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102040 |
| OFS Credit Co., Inc., 7.875%, Maturing 10/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24328 |
| Oxford Lane Capital Corp., 7.950%, Maturing 02/29/32 | &nbsp;&nbsp;5920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148829 |
| Sound Point Meridian Capital, Inc., 8.000%, Maturing 11/30/29 | &nbsp;&nbsp;3033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75976 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476468 |
| **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** | **Wireless Telecommunication Services 0.0%** |
| Digicel International Finance Ltd. (Jamaica)\*^(x) | &nbsp;&nbsp;&nbsp;&nbsp;602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7416 |
| **Total Preferred Stocks<br> (cost $481,047)** | **Total Preferred Stocks<br> (cost $481,047)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494238 |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Units** | &nbsp;&nbsp;**Value** |
| **Warrants\* 0.0%** | **Warrants\* 0.0%** | **Warrants\* 0.0%** |
| **Entertainment 0.0%** | **Entertainment 0.0%** | **Entertainment 0.0%** |
| Falcon's Beyond Global, Inc., expiring 12/31/79^ | 2501 | &nbsp;&nbsp; $— |
| **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** | **Interactive Media & Services 0.0%** |
| Diamond Sports Group LLC, expiring 06/30/26(x) | 3733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total Warrants<br> (cost $0)** | **Total Warrants<br> (cost $0)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total Long-Term Investments<br> (cost $93,825,790)** | **Total Long-Term Investments<br> (cost $93,825,790)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93118614 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Short-Term Investment 8.4%** | **Short-Term Investment 8.4%** | **Short-Term Investment 8.4%** |
| **Affiliated Mutual Fund** |  |  |
| PGIM Core Government Money Market Fund (7-day effective yield 4.111%)<br> (cost $8,411,830)(wa) | &nbsp;&nbsp;8411830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8411830 |
| **TOTAL INVESTMENTS 101.8%<br> (cost $102,237,620)** | **TOTAL INVESTMENTS 101.8%<br> (cost $102,237,620)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101530444 |
| Liabilities in excess of other assets(z) (1.8)% | Liabilities in excess of other assets(z) (1.8)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1829984) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $99700460 |

---

------

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

EUR—Euro <br> GBP—British Pound <br> USD—US Dollar

---

| |
|:---|
| 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. |
| BARC—Barclays Bank PLC |
| BNP—BNP Paribas S.A. |
| CDX—Credit Derivative Index |
| CLO—Collateralized Loan Obligation |
| CVR—Contingent Value Rights |
| DIP—Debtor-In-Possession |
| ETF—Exchange-Traded Fund |
| EURIBOR—Euro Interbank Offered Rate |
| iBoxx—Bond Market Indices |
| JPM—JPMorgan Chase Bank N.A. |
| LP—Limited Partnership |
| MSI—Morgan Stanley & Co. International PLC |
| N/A—Not Applicable |
| OTC—Over-the-counter |
| PIK—Payment-in-Kind |
| Q—Quarterly payment frequency for swaps |
| REITs—Real Estate Investment Trust |
| SOFR—Secured Overnight Financing Rate |
| SONIA—Sterling Overnight Index Average |
| T—Swap payment upon termination |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| # | Principal or notional amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $3,920,876 and 3.9% of net assets. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2025. |
| (d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
| (ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
| (k) | Represents security, or a portion thereof, segregated as collateral for centrally cleared/exchange-traded derivatives. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
| (wa) | Represents investments in Funds affiliated with the Manager. |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

(x) The following represents restricted securities that are acquired in unregistered, private sales from the issuing company or from an affiliate of the issuer and is considered
restricted as to disposition under federal securities law.

(x) Restricted Securities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer** | **Acquisition<br> Date** | **Original<br> Cost** | **Market<br> Value** | **Percentage<br> of<br> Net Assets** |
| Diamond Sports Group LLC\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/02/25 | $5227 | $7651 | 0.0% |
| Diamond Sports Group LLC, expiring 06/30/26\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01/02/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 0.0 |
| Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, Series 1B14, 144A, 0.000%, 12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/14/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 0.0 |
| Digicel Group Holdings Ltd. (Jamaica), Sr. Sec'd. Notes, Series 3B14, 144A, 0.000%, 12/31/30^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11/14/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 0.0 |
| Digicel International Finance Ltd. (Jamaica)\*^ | 01/26/24-01/29/24 | &nbsp;&nbsp;&nbsp;2130 | &nbsp;&nbsp;&nbsp;&nbsp;7416 | 0.0 |
| Sound Physicians Holdings LLC(Class A Stock)\*^ | 05/31/24-06/28/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 | &nbsp;&nbsp;&nbsp;&nbsp;2565 | 0.0 |
| Sound Physicians Holdings LLC(Class A2 Stock)\*^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05/31/24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355 | 0.0 |
| &nbsp;&nbsp;&nbsp;**Total** |  | $7365 | $17987 | 0.0% |

---

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

#### Unfunded loan commitments outstanding at November 30, 2025 :

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br> Amount<br> (000)#** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| Aegion Corp., 2025 Incremental Delayed Draw Term Loan Commitment, 1.000%, Maturity Date 05/17/28 (cost $25,974) | &nbsp;&nbsp;&nbsp; 26 | $26104 | &nbsp;&nbsp; $130 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| Beacon Mobility Corp, Delayed Draw Term Loan, —%(p), Maturity Date 08/06/30 (cost $4,665) | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4722 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Clydesdale Acquisition Holdings, Inc., Delayed Draw Term Loan, 3.250%, Maturity Date 04/01/32 (cost $8,318) | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42) |
| Graftech Global Enterprises, Inc., Delayed Draw Term Loan, 3.750%, Maturity Date 12/21/29 (cost $181,818) | 182 | &nbsp;&nbsp;&nbsp;184546 | &nbsp;&nbsp;&nbsp;2728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Jupiter Buyer, Inc., Initial Delayed Draw Term Loan, 4.250%, Maturity Date 11/01/31 (cost $20,590) | &nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp;20810 | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Pinnacle Buyer, LLC, Delayed Draw Term Loan, 1.000%, Maturity Date 09/30/32 (cost $28,226) | &nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp;28308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| SWF Holdings I Corp., Delayed Draw Term Loan, 2.250%, Maturity Date 12/19/29 (cost $171,428) | 171 | &nbsp;&nbsp;&nbsp;170143 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(1285) |
|  |  | $442909 | $3217 | $(1327) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 6 | 2 Year U.S. Treasury Notes | Mar. 2026 | $1253156 | &nbsp;&nbsp;&nbsp; $158 |
| 64 | 5 Year U.S. Treasury Notes | Mar. 2026 | &nbsp;&nbsp;&nbsp;7025000 | &nbsp;&nbsp;&nbsp;(3133) |
| 16 | 10 Year U.S. Treasury Notes | Mar. 2026 | &nbsp;&nbsp;&nbsp;1813500 | &nbsp;&nbsp;&nbsp;&nbsp;(272) |
| 3 | 20 Year U.S. Treasury Bonds | Mar. 2026 | &nbsp;&nbsp;&nbsp;&nbsp;352313 | &nbsp;&nbsp;&nbsp;(3067) |
|  |  |  |  | $(6314) |

---

#### Forward foreign currency exchange contracts outstanding at November 30, 2025 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Purchase<br> Contracts** | **Counterparty** | **Notional<br> Amount<br> (000)** | **Notional<br> Amount<br> (000)** | **Value at<br> Settlement<br> Date** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** | **OTC Forward Foreign Currency Exchange Contracts:** |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 12/02/25 | JPM | GBP | 378 | &nbsp;&nbsp; $494369 | &nbsp;&nbsp; $500110 | $5741 | $— |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 12/02/25 | BNP | EUR | 207 | &nbsp;&nbsp;&nbsp;&nbsp;239215 | &nbsp;&nbsp;&nbsp;&nbsp;240581 | &nbsp;&nbsp;&nbsp;&nbsp;1366 | &nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 12/02/25 | MSI | EUR | 645 | &nbsp;&nbsp;&nbsp;&nbsp;743612 | &nbsp;&nbsp;&nbsp;&nbsp;748971 | &nbsp;&nbsp;&nbsp;&nbsp;5359 | &nbsp;&nbsp;&nbsp;— |
|  |  |  |  | $1477196 | $1489662 | &nbsp;&nbsp;&nbsp;12466 | &nbsp;&nbsp;&nbsp;— |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

#### Forward foreign currency exchange contracts outstanding at November 30, 2025 (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:** |
| British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, | British Pound, |
| &nbsp;&nbsp;Expiring 12/02/25 | JPM | GBP | 378 | &nbsp;&nbsp; $504224 | &nbsp;&nbsp; $500110 | $4114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;Expiring 01/09/26 | JPM | GBP | 378 | &nbsp;&nbsp;&nbsp;&nbsp;494370 | &nbsp;&nbsp;&nbsp;&nbsp;500111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(5741) |
| Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, | Euro, |
| &nbsp;&nbsp;Expiring 12/02/25 | MSI | EUR | 853 | &nbsp;&nbsp;&nbsp;&nbsp;994375 | &nbsp;&nbsp;&nbsp;&nbsp;989552 | &nbsp;&nbsp;&nbsp;&nbsp;4823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;Expiring 01/09/26 | MSI | EUR | 645 | &nbsp;&nbsp;&nbsp;&nbsp;745254 | &nbsp;&nbsp;&nbsp;&nbsp;750547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(5293) |
|  |  |  |  | $2738223 | $2740320 | &nbsp;&nbsp;&nbsp;&nbsp;8937 | &nbsp;&nbsp;&nbsp;(11034) |
|  |  |  |  |  |  | $21403 | $(11034) |

---

#### Credit default swap agreements outstanding at November 30, 2025 :

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference<br> Entity/<br> Obligation** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;&nbsp;**Notional<br> Amount<br> (000)#(3)** | &nbsp;&nbsp;&nbsp;**Implied Credit<br> Spread at<br> November 30,<br> 2025(4)** | &nbsp;&nbsp;&nbsp;**Value at<br> Trade Date** | &nbsp;&nbsp;&nbsp;**Value at<br> November 30,<br> 2025** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)** |
| **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** | **Centrally Cleared Credit Default Swap Agreements on credit indices - Sell Protection(2):** |
| CDX.NA.HY.45.V1 | &nbsp;&nbsp;12/20/30 | &nbsp;&nbsp;5.000%(Q) | &nbsp;&nbsp;&nbsp;&nbsp;2545 | &nbsp;&nbsp;3.227% | &nbsp;&nbsp; $184075 | &nbsp;&nbsp; $214242 | &nbsp;&nbsp; $30167 |
| CDX.NA.IG.45.V1 | &nbsp;&nbsp;12/20/30 | &nbsp;&nbsp;1.000%(Q) | &nbsp;&nbsp;21525 | &nbsp;&nbsp;0.512% | &nbsp;&nbsp;&nbsp;&nbsp;474789 | &nbsp;&nbsp;&nbsp;&nbsp;526028 | &nbsp;&nbsp;&nbsp;&nbsp;51239 |
|  |  |  |  |  | &nbsp;&nbsp;$658864 | &nbsp;&nbsp;$740270 | &nbsp;&nbsp;$81406 |

---

The Fund entered into credit default swaps ("CDS") to provide a measure of protection against defaults or to take an active long or short position with respect to the likelihood of a particular issuer's default or the reference entity's credit soundness. CDS contracts generally trade based on a spread which represents the cost a protection buyer has to pay the protection seller. The protection buyer is said to be short the credit as the value of the contract rises the more the credit deteriorates. The value of the CDS contract increases for the protection buyer if the spread increases.

(1) If the Fund is a buyer of protection, it pays the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller
of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the
form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2) If the Fund is a seller of protection, it receives the fixed rate. When a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of
protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of
cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(3) Notional amount represents the maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined
under the terms of that particular swap agreement.

(4) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements where the Fund is the seller of protection as of the
reporting date serve as an indicator of the current status of the payment/ performance risk and represent the likelihood of risk of default for the credit derivative. The implied credit spread of a particular
referenced entity reflects the cost of buying/selling protection and may include up-front payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced
entity's credit soundness and a greater likelihood of risk of default or other credit event occurring as defined under the terms of the agreement.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** | **Total return swap agreements outstanding at November 30, 2025:** |
| **Reference Entity** | &nbsp;&nbsp;&nbsp;**Financing<br> Rate** | &nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Long (Short)<br> Notional<br> Amount<br> (000)#(1)** | &nbsp;&nbsp;&nbsp;**Fair<br> Value** | &nbsp;&nbsp;&nbsp;**Upfront<br> Premiums<br> Paid<br> (Received)** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)(2)** |
| **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** | **OTC Total Return Swap Agreements:** |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;BNP | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;500 | &nbsp;&nbsp; $(1986) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1986) |

---

------

### PGIM Floating Rate Income ETF

### Schedule of Investments (unaudited) (continued)
as of November 30, 2025

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** | **Total return swap agreements outstanding at November 30, 2025 (continued):** |
| **Reference Entity** | &nbsp;&nbsp;&nbsp;**Financing<br> Rate** | &nbsp;&nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;&nbsp;**Termination<br> Date** | &nbsp;&nbsp;&nbsp;**Long (Short)<br> Notional<br> Amount<br> (000)#(1)** | &nbsp;&nbsp;&nbsp;**Fair<br> Value** | &nbsp;&nbsp;&nbsp;**Upfront<br> Premiums<br> Paid<br> (Received)** | &nbsp;&nbsp;&nbsp;**Unrealized<br> Appreciation<br> (Depreciation)(2)** |
| **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** | **OTC Total Return Swap Agreements (cont'd.):** |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;500 | &nbsp;&nbsp; $(2646) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2646) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;(3639) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(3639) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4388 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4388 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;BNP | &nbsp;&nbsp;12/22/25 | &nbsp;&nbsp;5140 | &nbsp;&nbsp;&nbsp;&nbsp;(2245) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2245) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683 |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;(2250) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2250) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;MSI | &nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;(3045) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(3045) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;BARC | &nbsp;&nbsp;03/20/26 | &nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(742) | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(742) |
| iBoxx US Dollar Liquid Leveraged Loan Index(T) | &nbsp;&nbsp;1 Day SOFR(Q)/ 4.120% | &nbsp;&nbsp;BNP | &nbsp;&nbsp;06/22/26 | &nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 |
|  |  |  |  |  | &nbsp;&nbsp;$(11435) | &nbsp;&nbsp;$— | &nbsp;&nbsp;$(11435) |

---

(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:** 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 Floating Rate Income ETF

- **b. EDGAR series identifier (if any):** S000075490

- **c. LEI of Series:** 549300CYXIT4H0WK8H76

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-28

**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:** $106247269.07

**Total Liabilities:** $6542330.77

**Net Assets:** $99704938.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 16.46632000 | **1-Year:** 1149.63000000 | **5-Year:** 7705.56123000 | **10-Year:** 1279.06437000 | **30-Year:** 4.86971000

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

- **3-Month:** 67.84633000 | **1-Year:** 7392.60885000 | **5-Year:** 4093.31289000 | **10-Year:** 74.38476000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234636 | 0.17%                | 0.21%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-178615.98              | $-260906.41                                |
| Month 2  | $-118426.64              | $-274772.46                                |
| Month 3  | $23069.30                | $-167965.51                                |

**Designated Index Information**

- **Index Name:** PGIM Floating Rate Income ETF_Ex Derivatives BM

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC.                  | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $526027.66    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association        | GBP/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5740.77      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FR BR HOLDINGS LLC                               | FR BR HOLDINGS LLC                                                              | CUSIP: 30260XAD1<br>LEI: 549300FJFG2CK1VX3Y85 | Long             | LON              | CORP              | US        |    125000 | PA      | $125000.00    | 0.13%             | 2030-10-07      | Floating      | 8.20%                 | No            |                  3 | On Loan: No      |
| QUIDELORTHO CORP                                 | QUIDELORTHO CORP                                                                | CUSIP: 000000000<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |    150000 | PA      | $149156.25    | 0.15%             | 2032-08-23      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| DS PARENT INC                                    | DS PARENT INC                                                                   | CUSIP: 23344YAG7<br>LEI: 254900EH8GRZUGRWRH57 | Long             | LON              | CORP              | US        |     98750 | PA      | $90417.97     | 0.09%             | 2031-01-31      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| OFS CREDIT COMPANY INC                           | OFS Credit Co Inc                                                               | CUSIP: 67111Q503<br>LEI: 549300A7A6U0QNX5FB55 | Long             | EP               | CORP              | US        |       970 | NS      | $24327.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CALPINE CORP                                     | CALPINE CORP                                                                    | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    223810 | PA      | $223654.20    | 0.22%             | 2031-01-31      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                              | SWF Holdings I Corp                                                             | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |     75000 | PA      | $25783.52     | 0.03%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ROCKPOINT GAS STORAGE PA                         | ROCKPOINT GAS STORAGE PARTNERS LP                                               | CUSIP: 000000000<br>LEI: 549300ZXM0KTRM0NMI59 | Long             | LON              | CORP              | CA        |    309534 | PA      | $310501.66    | 0.31%             | 2031-09-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ARCHKEY HOLDINGS INC                             | ARCHKEY HOLDINGS INC                                                            | CUSIP: 48205CAD7<br>LEI: 254900FACU3AJQKAQ270 | Long             | LON              | CORP              | US        |     20690 | PA      | $20810.34     | 0.02%             | 2031-11-03      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT L                         | FERTITTA ENTERTAINMENT L                                                        | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    198524 | PA      | $198220.82    | 0.20%             | 2029-01-29      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                         | SGH2 LLC                                                                        | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200250.00    | 0.20%             | 2032-08-18      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 5YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -64 | NC      | $-3132.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HERSCHEND ENTERTAINMENT                          | HERSCHEND ENTERTAINMENT CO LLC                                                  | CUSIP: 42778EAG6<br>LEI: 54930087KQ7RPDXK0716 | Long             | LON              | CORP              | US        |    124688 | PA      | $125233.01    | 0.13%             | 2032-05-27      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| CLOUDERA INC                                     | Cloudera Inc                                                                    | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    207148 | PA      | $195301.17    | 0.20%             | 2028-10-10      | Floating      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                            | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    705000 | PA      | $712153.16    | 0.71%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PHRG INTERMEDIATE LLC                            | PHRG INTERMEDIATE LLC                                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199500 | PA      | $195510.00    | 0.20%             | 2032-02-20      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| BELFOR HOLDINGS INC                              | BELFOR HOLDINGS INC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    264348 | PA      | $264678.89    | 0.27%             | 2030-11-04      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ARCIS GOLF LLC                                   | ARCIS GOLF LLC                                                                  | CUSIP: 03958MAF4<br>LEI: 254900ZMGXNNIX4SXQ48 | Long             | LON              | CORP              | US        |     99533 | PA      | $99843.66     | 0.10%             | 2028-11-24      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| RELADYNE INC                                     | RelaDyne Inc                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    147762 | PA      | $148069.32    | 0.15%             | 2028-12-26      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                           | LUMEN TECHNOLOGIES INC                                                          | CUSIP: 55024EAG0<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    746323 | PA      | $741658.08    | 0.74%             | 2030-04-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ECL ENTERTAINMENT LLC                            | ECL ENTERTAINMENT LLC                                                           | CUSIP: 000000000<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |    250000 | PA      | $248750.00    | 0.25%             | 2030-08-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Hayfin US XV, Ltd.                               | Hayfin US XV Ltd                                                                | CUSIP: 420916AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501573.30    | 0.50%             | 2037-04-28      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4823.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Static Senior Loan Fund                    | Atlas Static Senior Loan Fund I Ltd                                             | CUSIP: 04942PAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    227552 | PA      | $227489.21    | 0.23%             | 2030-07-15      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| CONVERGEONE HLDGS INC - Equity                   | CONVERGEONE HLDGS INC - Equity                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3151 | NS      | $11816.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                              | Nomura Holdings Inc                                                             | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |    205000 | PA      | $209647.35    | 0.21%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BCP VI SUMMIT HOLDINGS L                         | BCP VI SUMMIT HOLDINGS L                                                        | CUSIP: 05614GAC5<br>LEI: 254900LK60A9DK5W5N81 | Long             | LON              | CORP              | US        |     49875 | PA      | $50124.38     | 0.05%             | 2032-01-30      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                           | BLACKSTONE MTG TR INC                                                           | CUSIP: 09259GAK9<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |    275000 | PA      | $274656.25    | 0.28%             | 2032-11-19      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                   | PMT Credit Risk Transfer Trust 2024-3R                                          | CUSIP: 69392AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    261529 | PA      | $264527.66    | 0.27%             | 2028-09-27      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| ACTION ENVIRONMENTAL GRO                         | ACTION ENVIRONMENTAL GRO                                                        | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |    468218 | PA      | $467633.19    | 0.47%             | 2030-10-24      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY MORTGA                         | STARWOOD PROPERTY MORTGAGE LLC                                                  | CUSIP: 85570DAP7<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |    350000 | PA      | $351312.50    | 0.35%             | 2032-09-24      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                             | Royal Bank of Canada                                                            | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $737812.50    | 0.74%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    315000 | PA      | $321770.66    | 0.32%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                  | CDS CDX.NA.HY.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $214241.42    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                         | BOOST NEWCO BORROWER LLC                                                        | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |    197632 | PA      | $197730.70    | 0.20%             | 2031-01-31      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                               | RADIATE HOLDCO LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74156.25     | 0.07%             | 2029-06-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                      | Asurion LLC                                                                     | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     50000 | PA      | $47812.50     | 0.05%             | 2028-02-03      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                                   | CQS US CLO 2021-1 Ltd                                                           | CUSIP: 12659UAN2<br>LEI: 549300GF7PVRIKZNMY06 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $398997.48    | 0.40%             | 2035-01-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                               | RADIATE HOLDCO LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24718.75     | 0.02%             | 2029-06-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                      | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    200000 | PA      | $186958.40    | 0.19%             | 2029-01-22      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| CROWN SUBSEA COMMUNICATI                         | CROWN SUBSEA COMMUNICATI                                                        | CUSIP: 22860EAK8<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |    298122 | PA      | $299910.90    | 0.30%             | 2031-01-30      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                              | WHITE CAP BUYER LLC                                                             | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    197130 | PA      | $197622.83    | 0.20%             | 2029-10-29      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIANS INC- Class A          | SOUND INPATIENT PHYSICIANS INC- Class A                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7940 | NS      | $2564.51      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Bausch + Lomb Corp                               | Bausch & Lomb TE 12/18/30                                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    149625 | PA      | $150061.46    | 0.15%             | 2031-01-15      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                            | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-742.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PAINT INTERMEDIATE III                           | PAINT INTERMEDIATE III                                                          | CUSIP: 69575EAL3<br>LEI: 549300C2JJM7BNZTR054 | Long             | LON              | CORP              | US        |    248750 | PA      | $248542.79    | 0.25%             | 2031-10-09      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | QUIKRETE HOLDINGS INC                                                           | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    199494 | PA      | $199634.31    | 0.20%             | 2029-03-19      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| PEER HOLDING III BV                              | PEER HOLDING III BV                                                             | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    223312 | PA      | $223801.11    | 0.22%             | 2031-07-01      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| DECHRA FINANCE US                                | DECHRA FINANCE US                                                               | CUSIP: 24343EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199000 | PA      | $199995.00    | 0.20%             | 2032-01-27      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| SOLENIS HOLDINGS LTD                             | SOLENIS HOLDINGS LTD                                                            | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    198120 | PA      | $194961.95    | 0.20%             | 2031-06-23      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                         | ENGINEERED MACHINERY HOLDINGS INC                                               | CUSIP: 26658NAP4<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |     44536 | PA      | $44684.32     | 0.04%             | 2028-05-22      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                                 | Iris Holding Inc                                                                | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |    225226 | PA      | $217343.20    | 0.22%             | 2028-06-28      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| CATAWBA NATION GAMING AU                         | CATAWBA NATION GAMING AUTHORITY                                                 | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200750.00    | 0.20%             | 2032-03-29      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                     | VT TOPCO INC                                                                    | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |    447688 | PA      | $440860.50    | 0.44%             | 2030-08-09      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| PLAZE INC                                        | Plaze Inc                                                                       | CUSIP: 72819QAM4<br>LEI: 54930069WJQSNERFIV02 | Long             | LON              | CORP              | US        |    316383 | PA      | $293181.58    | 0.29%             | 2026-08-03      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |         1 | NC      | $46.93        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCIL IV LLC                                      | SCIL IV LLC                                                                     | CUSIP: 000000000<br>LEI: 984500E0P46NA78BDF93 | Long             | LON              | CORP              | US        |    175000 | PA      | $175218.75    | 0.18%             | 2032-10-29      | Floating      | 7.92%                 | No            |                  3 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                         | WINDSOR HOLDINGS III LLC                                                        | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |    398998 | PA      | $398498.75    | 0.40%             | 2030-08-01      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ALIXPARTNERS LLP                                 | ALIXPARTNERS LLP                                                                | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |    100000 | PA      | $99900.00     | 0.10%             | 2032-08-12      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                   | Bombardier Inc                                                                  | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $5000.00      | 0.01%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VOYAGERPARENTLLC                                 | VOYAGERPARENTLLC                                                                | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    650000 | PA      | $649909.65    | 0.65%             | 2032-07-01      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS NET LLC                           | DIAMOND SPORTS NET LLC                                                          | CUSIP: 25277EAB8<br>LEI: 549300MPO5H6LGX4RJ82 | Long             | LON              | CORP              | US        |     14264 | PA      | $8463.02      | 0.01%             | 2028-01-03      | Fixed         | 10.32%                | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                               | CP ATLAS BUYER INC                                                              | CUSIP: 12658HAL6<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |    225000 | PA      | $214031.25    | 0.21%             | 2030-07-08      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                         | OLYMPUS WATER US HOLDING CORP                                                   | CUSIP: 68163YAK1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    225000 | PA      | $222026.85    | 0.22%             | 2032-11-03      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                | Battalion CLO XI Ltd                                                            | CUSIP: 07132LAW9<br>LEI: 549300O0R7FIDPTPCK50 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750823.05    | 0.75%             | 2034-04-24      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| WAYNE-SANDERSON FARMS LLC                        | WAYNE-SANDERSON FARMS LLC                                                       | CUSIP: 000000000<br>LEI: 984500F8BCED93F81162 | Long             | LON              | CORP              | US        |    224688 | PA      | $225810.94    | 0.23%             | 2032-05-21      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC           | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-3045.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BELRON FINANCE 2019 LLC                          | BELRON FINANCE 2019 LLC                                                         | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    221135 | PA      | $222241.16    | 0.22%             | 2031-10-16      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| SUPPLYONE INC                                    | SUPPLYONE INC                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $99931.00     | 0.10%             | 2031-04-21      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE LOYALTY IP                            | AADVANTAGE LOYALTY IP LTD                                                       | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    589629 | PA      | $589102.66    | 0.59%             | 2028-04-20      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Corp                                                                     | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102179.17    | 0.10%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PEER HOLDING III BV                              | PEER HOLDING III BV                                                             | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |     74433 | PA      | $74712.36     | 0.07%             | 2030-10-28      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                           | ATHENAHEALTH GROUP INC                                                          | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    398997 | PA      | $397928.58    | 0.40%             | 2029-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Clue Opco LLC                                    | CLUE OPCO LLC                                                                   | CUSIP: 18948EAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    508111 | PA      | $503302.35    | 0.50%             | 2030-12-19      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| BINGO HOLDINGS I LLC                             | BINGO HOLDINGS I LLC                                                            | CUSIP: 09081AAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    475000 | PA      | $466331.25    | 0.47%             | 2032-06-30      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Corp                                                                     | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $277838.88    | 0.28%             | N/A             | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                   | OWENS-BROCKWAY                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $150250.05    | 0.15%             | 2032-09-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |         1 | NC      | $-1985.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                              | Bank of Nova Scotia/The                                                         | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $619739.04    | 0.62%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| DIGICEL INTL FIN LTD                             | DIGICEL INTL FIN LTD                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       602 | NS      | $7416.28      | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MCAFEE CORP                                      | MCAFEE CORP                                                                     | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    290684 | PA      | $267853.02    | 0.27%             | 2029-03-01      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| DAYFORCE INC                                     | DAYFORCE INC                                                                    | CUSIP: 23923YAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    225000 | PA      | $224218.80    | 0.22%             | 2032-10-07      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| RAISING CANE'S RESTAURAN                         | RAISING CANE'S RESTAURAN                                                        | CUSIP: 75101XAQ0<br>LEI: 254900V6ADXFWHYOED66 | Long             | LON              | CORP              | US        |    300000 | PA      | $299775.00    | 0.30%             | 2032-11-03      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                             | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAP2<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    201358 | PA      | $201358.49    | 0.20%             | 2028-11-30      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC                                 | CINEMARK USA INC                                                                | CUSIP: 172442AV7<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |    368859 | PA      | $369204.75    | 0.37%             | 2030-05-24      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI                         | APOLLO COMMERCIAL REAL ESTATE FINANCE INC                                       | CUSIP: 03768DAE7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |     99750 | PA      | $99999.38     | 0.10%             | 2030-06-13      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| SOUND POINT MERIDIAN CAP                         | Sound Point Meridian Capital Inc                                                | CUSIP: 83617A207<br>LEI: 2138003DILFQKEPAD871 | Long             | EP               | CORP              | US        |      3033 | NS      | $75976.35     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TENNECO INC                                      | TENNECO INC                                                                     | CUSIP: 88037HAN4<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    473633 | PA      | $461876.87    | 0.46%             | 2028-11-17      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC           | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-3638.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY RET HLD                          | BROOKFIELD PROPERTIES RETAIL HOLDING LLC                                        | CUSIP: 11283HAG2<br>LEI: 549300K1JD1LDRNBET48 | Long             | LON              | CORP              | US        |   1159667 | PA      | $1165827.56   | 1.17%             | 2030-05-28      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                           | SCIH SALT HOLDINGS INC                                                          | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    349499 | PA      | $349826.57    | 0.35%             | 2029-01-31      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| CORELOGIC INC                                    | CoreLogic Inc                                                                   | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    118908 | PA      | $118647.85    | 0.12%             | 2028-06-02      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| AMAZON HOLDCO INC                                | AMAZON HOLDCO INC                                                               | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    250000 | PA      | $250312.50    | 0.25%             | 2031-09-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| PEGASUS BIDCO BV                                 | PEGASUS BIDCO BV                                                                | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    149249 | PA      | $149202.49    | 0.15%             | 2029-07-12      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| LEGENCE HOLDINGS LLC                             | LEGENCE HOLDINGS LLC                                                            | CUSIP: 000000000<br>LEI: 2549003DYOLJRQR9G070 | Long             | LON              | CORP              | US        |    112704 | PA      | $113267.63    | 0.11%             | 2031-12-16      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCE LLC                            | JEFFERIES FINANCE LLC                                                           | CUSIP: 000000000<br>LEI: 549300SKVB18YSSIDT75 | Long             | LON              | CORP              | US        |    346500 | PA      | $342601.88    | 0.34%             | 2031-10-21      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                     | MH SUB I LLC                                                                    | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    413363 | PA      | $373404.65    | 0.37%             | 2028-05-03      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                             | CROWN FINANCE US INC                                                            | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |    474062 | PA      | $473469.92    | 0.47%             | 2031-12-02      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| SANDISK CORP                                     | SANDISK CORP                                                                    | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    158125 | PA      | $158717.97    | 0.16%             | 2032-02-23      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $682.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PATAGONIA HOLDCO LLC                             | Patagonia Holdco LLC                                                            | CUSIP: 70289FAD3<br>LEI: 254900OLXUIWWEAJZ984 | Long             | LON              | CORP              | US        |     76936 | PA      | $56291.89     | 0.06%             | 2029-08-01      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                             | Cornerstone Building Brands Inc                                                 | CUSIP: 21925FAB0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    147747 | PA      | $118320.64    | 0.12%             | 2028-08-01      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                          | PARK RIVER HOLDINGS INC                                                         | CUSIP: 70082HAE6<br>LEI: 254900PGY077KWCROT75 | Long             | LON              | CORP              | US        |    277433 | PA      | $278213.08    | 0.28%             | 2031-03-17      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                              | DAVE & BUSTER'S INC                                                             | CUSIP: 23833EAY0<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    123750 | PA      | $108590.63    | 0.11%             | 2031-10-31      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| TopCo Units Equity                               | TopCo Units Equity                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       376 | NS      | $0.04         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ASURION LLC                                      | Asurion LLC                                                                     | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    510469 | PA      | $509192.55    | 0.51%             | 2028-08-21      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                              | Sound Point CLO XXVII Ltd                                                       | CUSIP: 83611VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $246380.10    | 0.25%             | 2034-10-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                    | TRANSDIGM INC                                                                   | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     98750 | PA      | $98852.90     | 0.10%             | 2030-03-22      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                               | PINNACLE BUYER LLC                                                              | CUSIP: 72349UAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     28226 | PA      | $28308.14     | 0.03%             | 2032-10-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| JFL-TIGER ACQUISITION CO                         | JFL-TIGER ACQUISITION CO                                                        | CUSIP: 000000000<br>LEI: 254900KPFL42CYD2VY03 | Long             | LON              | CORP              | US        |    345481 | PA      | $345481.18    | 0.35%             | 2030-10-17      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association        | GBP/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5741.44     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-2250.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTERRA MOUNTAIN COMPANY                         | ALTERRA MOUNTAIN COMPANY                                                        | CUSIP: 46124CAS6<br>LEI: 549300C5O4FSVNUEI843 | Long             | LON              | CORP              | US        |    123134 | PA      | $122825.75    | 0.12%             | 2030-05-31      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1724685.34   | 1.73%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CABLEVISION LIGHTPATH                            | CABLEVISION LIGHTPATH LLC                                                       | CUSIP: 12687HAD9<br>LEI: 5493002ZVBLRLGES1R71 | Long             | LON              | CORP              | US        |    129928 | PA      | $130090.26    | 0.13%             | 2027-11-30      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CMS INC                                 | SEDGWICK CLAIMS MANAGEMENT SERVICES INC                                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    647997 | PA      | $648576.14    | 0.65%             | 2031-07-31      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE BUYER INC                              | CHARLOTTE BUYER INC                                                             | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    286403 | PA      | $285249.06    | 0.29%             | 2028-02-11      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                             | Chart Industries Inc                                                            | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5218.54      | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                             | LIFEPOINT HEALTH INC                                                            | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    234426 | PA      | $234895.35    | 0.24%             | 2031-05-19      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| RYAN LLC                                         | RYAN LLC                                                                        | CUSIP: 000000000<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |    411644 | PA      | $410099.90    | 0.41%             | 2032-11-08      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                             | BEACON MOBILITY CORP                                                            | CUSIP: 000000000<br>LEI: 254900EBTYFG24UQEM31 | Long             | LON              | CORP              | US        |     12048 | PA      | $12108.43     | 0.01%             | 2030-08-06      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| AVENTIV TECHNOLOGIES LLC                         | AVENTIV TECHNOLOGIES LLC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6593 | PA      | $6923.02      | 0.01%             | 2025-12-31      | Floating      | 14.59%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |         1 | NC      | $-2244.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MICHAEL BAKER INTL                               | MICHAEL BAKER INTL                                                              | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    346382 | PA      | $346598.98    | 0.35%             | 2028-12-01      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| JOHNSTONE SUPPLY LLC                             | JOHNSTONE SUPPLY LLC                                                            | CUSIP: 47947BAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197500 | PA      | $198024.56    | 0.20%             | 2031-06-09      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| TEI HOLDINGS INC                                 | TEI HOLDINGS INC                                                                | CUSIP: 22663GAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    372188 | PA      | $368465.63    | 0.37%             | 2031-04-09      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| PPM Clo, Ltd.                                    | PPM CLO 4 Ltd                                                                   | CUSIP: 69356AAY8<br>LEI: 5493006KUFG82AH4TB78 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752503.05    | 0.75%             | 2038-03-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| FALCON'S BEYOND GLOBAL INC-A                     | Falcon's Beyond Global Inc                                                      | CUSIP: 306121112<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2501 | NS      | $0.25         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HARBOURVEST PARTNERS LP                          | HARBOURVEST PARTNERS LP                                                         | CUSIP: 41165QAM9<br>LEI: 54930029KR62LTFQ8M21 | Long             | LON              | CORP              | US        |    235534 | PA      | $236711.67    | 0.24%             | 2030-04-22      | Floating      | 6.10%                 | No            |                  3 | On Loan: No      |
| ROYAL BANK OF CANADA                             | Royal Bank of Canada                                                            | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $494644.05    | 0.50%             | 2085-11-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC                                  | Allen Media LLC                                                                 | CUSIP: 01771JAG8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |    182013 | PA      | $126044.10    | 0.13%             | 2027-02-10      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP                             | BEACON MOBILITY CORP                                                            | CUSIP: 000000000<br>LEI: 254900EBTYFG24UQEM31 | Long             | LON              | CORP              | US        |     87952 | PA      | $88391.57     | 0.09%             | 2030-08-06      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                 | AMWINS GROUP INC                                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    299246 | PA      | $299919.53    | 0.30%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. INTERNATIONAL PLC           | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $4387.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFETIME BRANDS INC                              | LIFETIME BRANDS INC                                                             | CUSIP: 53223UAJ2<br>LEI: 549300GS38DC0OHLYK32 | Long             | LON              | CORP              | US        |     44201 | PA      | $39780.88     | 0.04%             | 2027-08-26      | Floating      | 9.57%                 | No            |                  3 | On Loan: No      |
| MADISON SAFETY & FLOW                            | MADISON SAFETY & FLOW                                                           | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    248360 | PA      | $249291.44    | 0.25%             | 2031-09-26      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                         | ENGINEERED MACHINERY HOL                                                        | CUSIP: 000000000<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    218068 | PA      | $219158.46    | 0.22%             | 2032-11-22      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| LC AHAB US BIDCO LLC                             | LC AHAB US BIDCO LLC                                                            | CUSIP: 50180PAB7<br>LEI: 254900949U9K2Q5C5A85 | Long             | LON              | CORP              | US        |    273618 | PA      | $274473.16    | 0.28%             | 2031-05-01      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                           | INEOS US PETROCHEM LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198500 | PA      | $151604.38    | 0.15%             | 2029-03-29      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                             | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |       285 | NS      | $5645.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GAINWELL ACQUISITION COR                         | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    519541 | PA      | $513956.13    | 0.52%             | 2027-10-01      | Floating      | 8.09%                 | Yes           |                  2 | On Loan: No      |
| LOIRE FINCO LUXEMBOURG                           | LOIRE FINCO LUXEMBOURG                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    248752 | PA      | $248958.77    | 0.25%             | 2030-01-28      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| NGC Ltd                                          | NGC 2024-I Ltd                                                                  | CUSIP: 652927AJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    350000 | PA      | $350305.76    | 0.35%             | 2037-07-20      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| GREAT OUTDOORS GROUP LLC                         | GREAT OUTDOORS GROUP LLC                                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    424995 | PA      | $425260.19    | 0.43%             | 2032-01-23      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | TRS IBXXLLTR INDEX                                                              | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-2645.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                            | CAESARS ENTERTAIN INC                                                           | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    162590 | PA      | $160639.38    | 0.16%             | 2030-02-06      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                             | TGP Holdings III LLC                                                            | CUSIP: 87251RAK9<br>LEI: 549300LURVM6CQ1MNO41 | Long             | LON              | CORP              | US        |    550513 | PA      | $514471.49    | 0.52%             | 2028-06-29      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| MX HOLDINGS US INC                               | MX HOLDINGS US INC                                                              | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |    299250 | PA      | $300372.19    | 0.30%             | 2032-03-17      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                     | CALPINE CORP                                                                    | CUSIP: 13134MBX0<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |    125000 | PA      | $124913.25    | 0.13%             | 2032-02-27      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Avoca CLO                                        | Avoca Capital CLO X Ltd                                                         | CUSIP: 000000000<br>LEI: 635400SFFWCTHJHBZK84 | Long             | ABS-CBDO         | CORP              | IE        |    250000 | PA      | $288471.68    | 0.29%             | 2035-04-15      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| GLOVES BUYER INC                                 | GLOVES BUYER INC                                                                | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |    275000 | PA      | $272421.88    | 0.27%             | 2032-05-24      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| DISCOVERY ENERGY HOLDING                         | DISCOVERY ENERGY HOLDING                                                        | CUSIP: 25472PAB6<br>LEI: 254900T31FAYMRQSAA12 | Long             | LON              | CORP              | US        |    298142 | PA      | $299260.46    | 0.30%             | 2031-05-02      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS                         | ALLIANCE LAUNDRY SYSTEMS                                                        | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |    255723 | PA      | $256042.54    | 0.26%             | 2031-08-19      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| TPC GROUP INC                                    | TPC GROUP INC                                                                   | CUSIP: 87266EAG0<br>LEI: 549300K276KVW5JD1583 | Long             | LON              | CORP              | US        |    457700 | PA      | $399724.51    | 0.40%             | 2031-11-24      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| WEC US HOLDINGS INC                              | WEC US HOLDINGS INC                                                             | CUSIP: 000000000<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    250000 | PA      | $250121.50    | 0.25%             | 2031-01-27      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| PODS LLC                                         | PODS LLC                                                                        | CUSIP: 73044EAB0<br>LEI: 984500EC4ZCD5U1SDF04 | Long             | LON              | CORP              | US        |    121341 | PA      | $118788.17    | 0.12%             | 2028-03-31      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| DEEP BLUE OPERATING I LL                         | DEEP BLUE OPERATING I LLC                                                       | CUSIP: 24369TAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $125312.50    | 0.13%             | 2032-10-01      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                             | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAQ0<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     11114 | PA      | $11113.99     | 0.01%             | 2028-11-30      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                           | Digicel Group Holdings Ltd                                                      | CUSIP: 25381HAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      4924 | PA      | $0.00         | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| DXP ENTERPRISES INC                              | DXP ENTERPRISES INC/TX                                                          | CUSIP: 23338DAR7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    123750 | PA      | $124446.09    | 0.12%             | 2030-10-07      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                         | TRIDENT TPI HOLDINGS INC                                                        | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |    274686 | PA      | $265114.77    | 0.27%             | 2028-09-18      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                | EMRLD BORROWER LP                                                               | CUSIP: 26872NAC3<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    359242 | PA      | $359192.03    | 0.36%             | 2030-05-31      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| LATHAM POOL PRODUCTS INC                         | Latham Pool Products Inc                                                        | CUSIP: 51822LAE2<br>LEI: 5493003BF0K8YNW6X153 | Long             | LON              | CORP              | US        |    183563 | PA      | $182186.20    | 0.18%             | 2029-02-23      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER RECREATIONAL                          | BOMBARDIER RECREATIONAL                                                         | CUSIP: 09776MAS3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    165817 | PA      | $166197.51    | 0.17%             | 2029-12-13      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                          | VistaJet Malta Finance PLC / Vista Management Holding Inc                       | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     75000 | PA      | $75562.50     | 0.08%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PINNACLE BUYER LLC                               | PINNACLE BUYER LLC                                                              | CUSIP: 72349UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    146774 | PA      | $147202.33    | 0.15%             | 2032-10-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                         | Diversified Healthcare Trust                                                    | CUSIP: 81721MAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4798.60      | 0.00%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM GROUP INC                              | TRANSDIGM GROUP INC                                                             | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    125000 | PA      | $125234.38    | 0.13%             | 2032-08-19      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| TIDAL WASTE & RECYCLING                          | TIDAL WASTE & RECYCLING HOLDINGS LLC                                            | CUSIP: 88636PAK7<br>LEI: 254900IQT82RE5KFAZ50 | Long             | LON              | CORP              | US        |    149250 | PA      | $149436.56    | 0.15%             | 2031-10-24      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                     | ACRISURE LLC                                                                    | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    299250 | PA      | $298875.94    | 0.30%             | 2032-06-21      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                          | ZAYO GROUP HOLDINGS INC                                                         | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |     83216 | PA      | $78401.48     | 0.08%             | 2030-03-11      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| VERIFONE SYSTEMS INC                             | VERIFONE SYSTEMS INC                                                            | CUSIP: 92346NAH2<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |    466326 | PA      | $440677.97    | 0.44%             | 2028-08-21      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| SWF HOLDINGS I CORP                              | SWF HOLDINGS I CORP                                                             | CUSIP: 78489HAH1<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |    171429 | PA      | $170142.86    | 0.17%             | 2029-12-19      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                            | CAESARS ENTERTAIN INC                                                           | CUSIP: 12768EAH9<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    424684 | PA      | $419905.85    | 0.42%             | 2031-02-06      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| ROPER INDUSTRIAL PRODUCT                         | ROPER INDUSTRIAL PRODUCT                                                        | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |    297134 | PA      | $298557.58    | 0.30%             | 2029-11-23      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| IRIDIUM SATELLITE LLC                            | IRIDIUM SATELLITE LLC                                                           | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |    100000 | PA      | $95333.30     | 0.10%             | 2030-09-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| AGGREKO HOLDINGS INC                             | AGGREKO HOLDINGS INC                                                            | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    147704 | PA      | $148257.42    | 0.15%             | 2031-05-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| A-AP BUYER INC                                   | A-AP BUYER INC                                                                  | CUSIP: 00036FAB0<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |    248747 | PA      | $248746.86    | 0.25%             | 2031-09-09      | Floating      | 6.72%                 | No            |                  3 | On Loan: No      |
| ALTAR BIDCO INC                                  | Altar Bidco Inc                                                                 | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149486 | PA      | $147383.79    | 0.15%             | 2029-02-01      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                      | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     75000 | PA      | $69793.48     | 0.07%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GREYSTAR REAL ESTATE PAR                         | GREYSTAR REAL ESTATE PARTNER                                                    | CUSIP: 39806LAJ6<br>LEI: 254900HGC806SXAS4M46 | Long             | LON              | CORP              | US        |    315022 | PA      | $315021.99    | 0.32%             | 2030-08-21      | Floating      | 6.42%                 | No            |                  3 | On Loan: No      |
| BX Trust                                         | BX Trust 2025-DIME                                                              | CUSIP: 05613UAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $249843.85    | 0.25%             | 2035-02-15      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| SAVAGE ENTERPRISES LLC                           | SAVAGE ENTERPRISES LLC                                                          | CUSIP: 80465JAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    274312 | PA      | $274712.45    | 0.28%             | 2032-08-05      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE OPERATING INC                | ENVISION HEALTHCARE OPERATING INC                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    392797 | PA      | $394024.10    | 0.40%             | 2030-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY SUPPORT SERVICES                      | UNIVERSITY SUPPORT SERVICES                                                     | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    242368 | PA      | $237066.06    | 0.24%             | 2029-02-12      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| EAB GLOBAL INC                                   | EAB GLOBAL INC                                                                  | CUSIP: 26835CAC3<br>LEI: 254900WJRUVZKYEF1M36 | Long             | LON              | CORP              | US        |    121805 | PA      | $113164.79    | 0.11%             | 2030-08-16      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| OFS CAPITAL CORP                                 | OFS Capital Corp                                                                | CUSIP: 67103B803<br>LEI: 549300XTK3HSWPDBJD13 | Long             | EP               | CORP              | US        |      4000 | NS      | $102040.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TEMPO ACQUISITION LLC                            | TEMPO ACQUISITION LLC                                                           | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |    150000 | PA      | $144984.30    | 0.15%             | 2028-08-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                       | US Bancorp                                                                      | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485298.33    | 0.49%             | N/A             | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                | CLARIOS GLOBAL LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    425000 | PA      | $424734.38    | 0.43%             | 2032-01-28      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ARCHKEY HOLDINGS INC                             | ARCHKEY HOLDINGS INC                                                            | CUSIP: 48205CAC9<br>LEI: 254900FACU3AJQKAQ270 | Long             | LON              | CORP              | US        |    178415 | PA      | $179306.97    | 0.18%             | 2031-11-03      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                   | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    510000 | PA      | $514087.65    | 0.52%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                          | CPPIB OVM MEMBER US LLC                                                         | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    247249 | PA      | $247743.60    | 0.25%             | 2031-08-20      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                              | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    124370 | PA      | $116994.38    | 0.12%             | 2031-06-06      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- CS                       | DIAMOND SPORTS GRP LLC- CS                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1996 | NS      | $7650.67      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                              | PRAIRIE ACQUIROR LP                                                             | CUSIP: 73955HAF1<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |     73880 | PA      | $74249.58     | 0.07%             | 2029-08-01      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                         | ENGINEERED MACHINERY HOL                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31932 | PA      | $32051.62     | 0.03%             | 2032-11-22      | None          | 3.25%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO LLC                               | RADIATE HOLDCO LLC                                                              | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    262868 | PA      | $192550.63    | 0.19%             | 2029-09-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| UPSTREAM NEWCO INC                               | Upstream Newco Inc                                                              | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |    652179 | PA      | $563482.46    | 0.57%             | 2026-11-20      | Floating      | 8.49%                 | No            |                  2 | On Loan: No      |
| VISTA MANAGEMENT HOLDING                         | VISTA MANAGEMENT HOLDING INC                                                    | CUSIP: 92842EAB4<br>LEI: 5299005VABKD28UWHI65 | Long             | LON              | CORP              | US        |    287100 | PA      | $289253.25    | 0.29%             | 2031-04-01      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| KENAN ADVANTAGE GROUP                            | KENAN ADVANTAGE GROUP                                                           | CUSIP: 48853UBQ2<br>LEI: 549300GVUXCXDWYPIY65 | Long             | LON              | CORP              | US        |    122498 | PA      | $120967.08    | 0.12%             | 2029-01-25      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                         | BROADSTREET PARTNERS INC                                                        | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    271765 | PA      | $272512.46    | 0.27%             | 2031-06-16      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                        | CBAM 2018-5 Ltd                                                                 | CUSIP: 12516LAG0<br>LEI: 25490038OT2B8HTRW786 | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $349734.49    | 0.35%             | 2038-10-17      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| NEON MAPLE US DEBT MERGE                         | NEON MAPLE US DEBT MERGE                                                        | CUSIP: 69425BAD9<br>LEI: 254900L3D6CI0XH2P605 | Long             | LON              | CORP              | US        |    396629 | PA      | $396629.24    | 0.40%             | 2031-11-17      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                     | ACRISURE LLC                                                                    | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    519704 | PA      | $518729.31    | 0.52%             | 2030-11-06      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                         | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MDK3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $102875.00    | 0.10%             | N/A             | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| EP WEALTH ADVISORS INC                           | EP WEALTH ADVISORS INC                                                          | CUSIP: 29416NAB2<br>LEI: 254900EMIFA00FZWU856 | Long             | LON              | CORP              | US        |     75000 | PA      | $74906.25     | 0.08%             | 2032-10-18      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                                | EMRLD BORROWER LP                                                               | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    148503 | PA      | $148461.53    | 0.15%             | 2031-08-04      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                         | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                                          | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    446762 | PA      | $447767.08    | 0.45%             | 2028-05-04      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                       | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5763 | NS      | $11339.42     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tikehau US CLO Ltd                               | Tikehau US CLO V Ltd                                                            | CUSIP: 88675YAA2<br>LEI: 254900B2V9LYKTKKHF52 | Long             | ABS-CBDO         | CORP              | BM        |    500000 | PA      | $501091.95    | 0.50%             | 2036-01-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                            | QUIKRETE HOLDINGS INC                                                           | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    250000 | PA      | $250437.50    | 0.25%             | 2031-04-14      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                      | TENNECO INC                                                                     | CUSIP: 88037HAP9<br>LEI: 549300U0EXXFAQFAD785 | Long             | LON              | CORP              | US        |    350000 | PA      | $341906.25    | 0.34%             | 2028-11-17      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Ping Identity Holding Corp                       | PING IDENTITY H 10/29/32                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $250937.50    | 0.25%             | 2032-11-15      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                             | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |       258 | NS      | $4708.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NYC Commercial Mortgage Trust                    | NYC Commercial Mortgage Trust 2025-3BP                                          | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $149245.14    | 0.15%             | 2042-02-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| SECURUS TECHNOLOGIES HLDS                        | AVENTIV TECHNOLOGIES LLC                                                        | CUSIP: 05358AAQ7<br>LEI: 549300EBCNNXVCJ2FW66 | Long             | LON              | CORP              | US        |      5187 | PA      | $5186.93      | 0.01%             | 2026-03-25      | Floating      | 11.60%                | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392923.56    | 0.39%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Brewco Borrower LLC                              | Brewco Borrower LLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36182 | PA      | $30754.59     | 0.03%             | 2030-09-30      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| TITAN ACQUISITION LTD                            | TITAN ACQUISITION LTD                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     75000 | PA      | $75354.00     | 0.08%             | 2029-02-15      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2021-CIP                                           | CUSIP: 12434FAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    439823 | PA      | $439003.63    | 0.44%             | 2038-12-15      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5358.60      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TIGER ACQUISITION LLC                            | TIGER ACQUISITION LLC                                                           | CUSIP: 88675UAE2<br>LEI: 25490011XE2GWJKY5N51 | Long             | LON              | CORP              | US        |    124688 | PA      | $125077.15    | 0.13%             | 2032-08-23      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| RAINBOW UK BIDCO LTD                             | Rainbow UK Bidco Ltd                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    375000 | PA      | $494319.05    | 0.50%             | 2029-02-01      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| USI INC/NY                                       | USI INC/NY                                                                      | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    418357 | PA      | $418705.63    | 0.42%             | 2030-09-27      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                            | QUIKRETE HOLDING 01/30/32                                                       | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    199499 | PA      | $199663.34    | 0.20%             | 2032-02-10      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                           | ARSENAL AIC PARENT LLC                                                          | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    143902 | PA      | $143992.41    | 0.14%             | 2030-08-19      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSH                      | SUNRISE FINANCING PARTNERSH                                                     | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |    125000 | PA      | $125000.00    | 0.13%             | 2032-02-17      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| MITEL NETWORKS INTL LT                           | MITEL NETWORKS INTL LT                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       265 | NS      | $2.65         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                         | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $94142.33     | 0.09%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| COTIVITI INC                                     | COTIVITI INC                                                                    | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    225000 | PA      | $216000.00    | 0.22%             | 2031-05-01      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                         | AMNEAL PHARMACEUTICALS LLC                                                      | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    325000 | PA      | $328250.00    | 0.33%             | 2032-08-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| VS BUYER LLC                                     | VS BUYER LLC                                                                    | CUSIP: 91834WAG5<br>LEI: 254900G5QLDMHSCYJK25 | Long             | LON              | CORP              | US        |    274064 | PA      | $271494.71    | 0.27%             | 2031-04-14      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                                | NEXSTAR MEDIA INC                                                               | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    149625 | PA      | $149878.76    | 0.15%             | 2032-06-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| SECURE ACQUISITION INC                           | SECURE ACQUISITION INC                                                          | CUSIP: 000000000<br>LEI: 549300YQX175FJL0XO54 | Long             | LON              | CORP              | US        |    396255 | PA      | $398566.58    | 0.40%             | 2028-12-26      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                         | ADTALEM GLOBAL EDUCATION                                                        | CUSIP: 00737RAH3<br>LEI: 549300Z467EZLMODV621 | Long             | LON              | CORP              | US        |    500000 | PA      | $500416.50    | 0.50%             | 2028-08-14      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| INGENOVIS HEALTH INC                             | Ingenovis Health Inc                                                            | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    520462 | PA      | $156138.49    | 0.16%             | 2028-03-06      | Floating      | 8.30%                 | No            |                  3 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                         | FOCUS FINANCIAL PARTNERS LLC                                                    | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    521312 | PA      | $521230.55    | 0.52%             | 2031-09-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| LSF11 TRINITY BIDCO INC                          | LSF11 TRINITY BIDCO INC                                                         | CUSIP: 50221BAG8<br>LEI: 2549000M6VOEWVW5JU51 | Long             | LON              | CORP              | US        |    144532 | PA      | $145074.46    | 0.15%             | 2030-06-17      | Floating      | 6.46%                 | No            |                  3 | On Loan: No      |
| GRINDING MEDIA INC                               | GRINDING MEDIA INC                                                              | CUSIP: 39854KAC4<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |    249370 | PA      | $249681.98    | 0.25%             | 2028-10-12      | Floating      | 7.32%                 | No            |                  3 | On Loan: No      |
| PGIM Active High Yield Bond ETF - Old IO fund    | PGIM Active High Yield Bond ETF - Old IO fund                                   | CUSIP: 69344A206<br>LEI: 549300F10UK98WW68156 | Long             | EC               | RF                | US        |     50000 | NS      | $1779250.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNIA PARTNERS LLC                               | OMNIA PARTNERS LLC                                                              | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    197505 | PA      | $198294.98    | 0.20%             | 2030-07-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                   | NCR ATLEOS CORP                                                                 | CUSIP: 63001PAG6<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |    121000 | PA      | $121189.00    | 0.12%             | 2032-09-20      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                              | DAVE & BUSTER'S INC                                                             | CUSIP: 23833EAX2<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    174154 | PA      | $157255.83    | 0.16%             | 2029-06-29      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| PG POLARIS BIDCO SARL                            | PG POLARIS BIDCO SARL                                                           | CUSIP: 000000000<br>LEI: 254900XMCCB3IEZ2A005 | Long             | LON              | CORP              | LU        |    198004 | PA      | $198374.98    | 0.20%             | 2031-03-26      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| PRO MACH GROUP INC                               | PRO MACH GROUP INC                                                              | CUSIP: 74273JAL7<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |    250000 | PA      | $251094.00    | 0.25%             | 2032-10-18      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| SUMMER BC HOLDCO B SARL                          | SUMMER BC HOLDCO B SARL                                                         | CUSIP: 000000000<br>LEI: 984500NRF59D5DB9B654 | Long             | LON              | CORP              | LU        |    223245 | PA      | $212640.52    | 0.21%             | 2029-02-21      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                            | GFL Environmental Inc                                                           | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $52371.00     | 0.05%             | 2031-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | Toronto-Dominion Bank/The                                                       | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    835000 | PA      | $840037.14    | 0.84%             | 2085-10-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS                          | GRANT THORNTON ADVISORS                                                         | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    213053 | PA      | $212586.83    | 0.21%             | 2031-05-30      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| TRUGREEN LP                                      | TruGreen LP                                                                     | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    221538 | PA      | $216830.73    | 0.22%             | 2027-11-02      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Barrow Hanley CLO LTD                            | Barrow Hanley CLO II Ltd                                                        | CUSIP: 06875RAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501012.60    | 0.50%             | 2038-03-31      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                      | CHEMOURS CO                                                                     | CUSIP: 16384YAM9<br>LEI: 549300M1BOLNXL8DOV14 | Long             | LON              | CORP              | US        |    200000 | PA      | $192750.00    | 0.19%             | 2032-10-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                         | CLEARWATER ANALYTICS LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    125000 | PA      | $125000.00    | 0.13%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| VFH PARENT LLC                                   | VFH PARENT LLC                                                                  | CUSIP: 91820UAV2<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    468292 | PA      | $469170.31    | 0.47%             | 2031-06-20      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                           | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAF9<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |      8333 | PA      | $8276.05      | 0.01%             | 2032-03-29      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA BRISTOL LLC                         | Virgin Media Bristol LLC                                                        | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |    300000 | PA      | $294112.50    | 0.29%             | 2031-03-31      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | Level 3 Financing Inc                                                           | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23911.59     | 0.02%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLOSURE SYSTEMS INTERNAT                         | CLOSURE SYSTEMS INTERNAT                                                        | CUSIP: 13763HAF9<br>LEI: 549300E17L7BO8C0M603 | Long             | LON              | CORP              | US        |     98876 | PA      | $99092.58     | 0.10%             | 2029-03-22      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ALLTECH INC                                      | ALLTECH INC                                                                     | CUSIP: 02003DBB9<br>LEI: 549300HV8FN6KMLFMN67 | Long             | LON              | CORP              | US        |    300000 | PA      | $301687.50    | 0.30%             | 2030-08-13      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| NorthAB LLC                                      | NORTHAB LLC                                                                     | CUSIP: 66345FAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    342537 | PA      | $329406.66    | 0.33%             | 2028-11-24      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIA                         | SOUND INPATIENT PHYSICIA                                                        | CUSIP: 83607JAF8<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |      5839 | PA      | $5226.02      | 0.01%             | 2029-06-28      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| OXFORD LANE CAPITAL CORP                         | Oxford Lane Capital Corp                                                        | CUSIP: 691543854<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |      5920 | NS      | $148828.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTION FINCO SARL                                | MOTION FINCO SARL                                                               | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |    100000 | PA      | $85125.00     | 0.09%             | 2029-11-30      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| MAVERICK GAMING LLC                              | MAVERICK GAMING LLC                                                             | CUSIP: 57770JAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26022 | PA      | $23420.03     | 0.02%             | 2028-06-05      | Floating      | 11.46%                | No            |                  3 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LT                         | HOWDEN GROUP HOLDINGS LTD                                                       | CUSIP: 000000000<br>LEI: 875500V3HPKZIQP10J32 | Long             | LON              | CORP              | GB        |     49745 | PA      | $49892.59     | 0.05%             | 2030-04-18      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| RING CONTAINER TECHNOLOG                         | RING CONTAINER TECHNOLOGIES GROUP LLC                                           | CUSIP: 76680YAJ1<br>LEI: 254900MFUG4RPN6Y4A98 | Long             | LON              | CORP              | US        |    125000 | PA      | $124817.75    | 0.13%             | 2032-09-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| EVERTEC LLC                                      | EVERTEC LLC                                                                     | CUSIP: 000000000<br>LEI: 54930056CPTQSUNQYB82 | Long             | LON              | CORP              | US        |    235000 | PA      | $235000.00    | 0.24%             | 2030-10-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                          | ALLIED UNIVERSAL HOLDCO                                                         | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    400000 | PA      | $401418.00    | 0.40%             | 2032-08-20      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| WIN WASTE INNOVATIONS HO                         | Win Waste Innovations Holdings Inc                                              | CUSIP: 38723BAJ0<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |    104475 | PA      | $104573.00    | 0.10%             | 2028-03-27      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                       | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |     29712 | PA      | $27533.17     | 0.03%             | 2029-10-24      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| CAMELOT US ACQUISITION LLC                       | CAMELOT US ACQUISITION LLC                                                      | CUSIP: 000000000<br>LEI: 549300U6VBJHQP2SFL81 | Long             | LON              | CORP              | US        |    162730 | PA      | $160034.50    | 0.16%             | 2031-01-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BURLINGTON COAT FACTORY                          | BURLINGTON COAT FACTORY WAREHOUSE CORP                                          | CUSIP: 121575AL8<br>LEI: 549300SIFDMGE3Y2SW49 | Long             | LON              | CORP              | US        |     74623 | PA      | $74576.48     | 0.07%             | 2031-09-19      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL SERVIC                         | GFL ENVIRONMENTAL SERVIC                                                        | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    350000 | PA      | $350437.50    | 0.35%             | 2032-03-03      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                            | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    890000 | PA      | $922760.52    | 0.93%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                         | MPH ACQUISITION HOLDINGS LLC                                                    | CUSIP: 55328HAP6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    190411 | PA      | $190252.68    | 0.19%             | 2030-12-31      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                           | BLACKSTONE MORTGAGE TR                                                          | CUSIP: 09259GAJ2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |    148092 | PA      | $148647.10    | 0.15%             | 2029-05-09      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                          | FIRST STUDENT BIDCO INC                                                         | CUSIP: 33718FAP5<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     46402 | PA      | $46474.58     | 0.05%             | 2030-08-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                             | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAN7<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |     14269 | PA      | $14281.04     | 0.01%             | 2028-11-30      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| ACCELERATED HEALTH SYSTE                         | Accelerated Health Systems LLC                                                  | CUSIP: 04747LAM5<br>LEI: 549300FAKU4HJQC25564 | Long             | LON              | CORP              | US        |    247117 | PA      | $185800.78    | 0.19%             | 2029-02-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| GEON PERFORMANCE SOLUTIO                         | GEON PERFORMANCE SOLUTIO                                                        | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    367613 | PA      | $316147.58    | 0.32%             | 2028-08-18      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| AAL DELAWARE HOLDCO INC                          | AAL DELAWARE HOLDCO INC                                                         | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199124 | PA      | $200285.54    | 0.20%             | 2031-07-30      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                          | BROWN GROUP HOLD 07/01/31                                                       | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     99497 | PA      | $99912.09     | 0.10%             | 2031-07-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| APRO LLC                                         | APRO LLC                                                                        | CUSIP: 03834XAP8<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |    321750 | PA      | $320141.25    | 0.32%             | 2031-07-09      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                | CLARIOS GLOBAL LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    200000 | PA      | $200062.40    | 0.20%             | 2030-05-06      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                             | INEOS US FINANCE LLC                                                            | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    185693 | PA      | $153661.07    | 0.15%             | 2030-02-19      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Entain Holdings Gibraltar Ltd                    | Entain 08/01/2032                                                               | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |    300000 | PA      | $297750.00    | 0.30%             | 2032-07-30      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                     | MH SUB I LLC                                                                    | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    201996 | PA      | $164247.88    | 0.16%             | 2031-12-31      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                   | Carlyle US CLO 2023-5 Ltd                                                       | CUSIP: 14318QAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500965.40    | 0.50%             | 2036-01-27      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| PPM CLO 2 Ltd.                                   | PPM CLO 2 Ltd                                                                   | CUSIP: 69377PAW4<br>LEI: 549300JBW1DIZLGMSY83 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500236.90    | 0.50%             | 2037-04-16      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| SHARP SERVICES LLC                               | SHARP SERVICES LLC                                                              | CUSIP: 81989LAG3<br>LEI: 549300ZXMVUWBVXDAR03 | Long             | LON              | CORP              | US        |    323131 | PA      | $324342.36    | 0.33%             | 2032-09-29      | Floating      | 6.99%                 | No            |                  3 | On Loan: No      |
| PHOENIX GUARANTOR INC                            | PHOENIX GUARANTOR INC                                                           | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    269461 | PA      | $270505.26    | 0.27%             | 2031-02-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION HOLDINGS                         | MPH ACQUISITION HOLDINGS LLC                                                    | CUSIP: 55328HAQ4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    199187 | PA      | $189227.68    | 0.19%             | 2030-12-31      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| STONEPEAK BAYOU HOLDINGS                         | STONEPEAK BAYOU HOLDINGS LP                                                     | CUSIP: 86185AAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $115937.50    | 0.12%             | 2032-09-24      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                               | NOURYON FINANCE BV                                                              | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    239368 | PA      | $238370.30    | 0.24%             | 2028-04-03      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIANS INC- Class A2         | SOUND INPATIENT PHYSICIANS INC- Class A2                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       355 | NS      | $355.43       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MADISON IAQ LLC                                  | MADISON IAQ LLC                                                                 | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    471790 | PA      | $473677.65    | 0.48%             | 2032-05-06      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP                             | REWORLD HOLDING CORP                                                            | CUSIP: 22282GAM9<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | LON              | CORP              | US        |    184338 | PA      | $184491.41    | 0.19%             | 2028-11-30      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Xplornet - Contingent Value Rights               | Xplornet - Contingent Value Rights                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       432 | NS      | $0.04         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $70666.64     | 0.07%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EAGLE POINT CREDIT CO                            | Eagle Point Credit Co Inc                                                       | CUSIP: 269809877<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | CORP              | US        |       249 | NS      | $6276.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SWF HOLDINGS I CORP                              | SWF HOLDINGS I CORP                                                             | CUSIP: 78489HAG3<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | LON              | CORP              | US        |    128571 | PA      | $127607.14    | 0.13%             | 2029-12-19      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| ZELIS PAYMENTS BUYER INC                         | ZELIS PAYMENTS BUYER INC                                                        | CUSIP: 98932TAG8<br>LEI: 549300U8NGLZN5R1Y309 | Long             | LON              | CORP              | US        |    305947 | PA      | $302395.85    | 0.30%             | 2029-09-28      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                       | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $390570.22    | 0.39%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| DONCASTERS FINANCE US LLC                        | DONCASTERS US FINANCE LLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    221625 | PA      | $223657.30    | 0.22%             | 2030-04-23      | Floating      | 10.45%                | No            |                  3 | On Loan: No      |
| INMAR INC                                        | INMAR INC                                                                       | CUSIP: 45763FAV0<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |    402762 | PA      | $398231.31    | 0.40%             | 2031-10-30      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| AZORRA SOAR TLB FINANCE                          | AZORRA SOAR TLB FINANCE LTD                                                     | CUSIP: 000000000<br>LEI: 254900W0D3E1W7DRS089 | Long             | LON              | CORP              | KY        |    305034 | PA      | $306559.13    | 0.31%             | 2029-10-18      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                           | BLACKSTONE MORTGAGE TR                                                          | CUSIP: 09259GAH6<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |     74395 | PA      | $74457.31     | 0.07%             | 2030-12-10      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                   | Bain Capital Credit CLO 2023-3 Ltd                                              | CUSIP: 05682CAQ0<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501230.40    | 0.50%             | 2038-10-24      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| PLASTIPAK PACKAGING INC                          | PLASTIPAK PACKAGING INC                                                         | CUSIP: 000000000<br>LEI: 549300Y39ISK7CP7EO21 | Long             | LON              | CORP              | US        |    250000 | PA      | $249843.75    | 0.25%             | 2032-09-24      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| EAGLE POINT CREDIT CO                            | Eagle Point Credit Co Inc                                                       | CUSIP: 269809414<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | CORP              | US        |      4712 | NS      | $119018.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GENESYS CLOUD SERVICES                           | GENESYS CLOUD SERVICES                                                          | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    423432 | PA      | $416339.68    | 0.42%             | 2032-01-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                | General Motors Co                                                               | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    105000 | PA      | $110133.15    | 0.11%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NOURYON FINANCE BV                               | NOURYON FINANCE BV                                                              | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |     98259 | PA      | $97768.07     | 0.10%             | 2028-04-03      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| TRULITE GLASS ALUMINUM S                         | TRULITE GLASS & ALUMINUM SOLUTIONS LLC                                          | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    168438 | PA      | $165910.94    | 0.17%             | 2030-03-01      | Floating      | 9.99%                 | No            |                  3 | On Loan: No      |
| WELD NORTH EDUCATION LLC                         | WELD NORTH EDUCATION LLC                                                        | CUSIP: 94935RAF0<br>LEI: 254900W855WLN58WNJ32 | Long             | LON              | CORP              | US        |    242569 | PA      | $230440.84    | 0.23%             | 2029-12-21      | Floating      | 7.49%                 | No            |                  2 | On Loan: No      |
| PREGIS TOPCO LLC                                 | PREGIS TOPCO LLC                                                                | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |    133740 | PA      | $134337.20    | 0.13%             | 2029-02-01      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| EXAMWORKS BIDCO INC                              | EXAMWORKS BIDCO INC                                                             | CUSIP: 28542CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    248750 | PA      | $249727.34    | 0.25%             | 2028-11-01      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Davis Park CLO                                   | Davis Park CLO Ltd                                                              | CUSIP: 239086AQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501295.50    | 0.50%             | 2038-07-20      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc                             | Chart Indus 03/18/30                                                            | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |    137314 | PA      | $137656.79    | 0.14%             | 2030-03-18      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV                             | FLUTTER FINANCING BV                                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    624562 | PA      | $622220.39    | 0.62%             | 2032-06-04      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, Ltd.                       | Sixth Street CLO XVI Ltd                                                        | CUSIP: 83012DAU7<br>LEI: 549300YD05LZSDNMVF16 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300225.48    | 0.30%             | 2037-01-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BIDCO INC                          | FIRST STUDENT BIDCO INC                                                         | CUSIP: 33718FAN0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    253598 | PA      | $253967.65    | 0.25%             | 2030-08-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| SKILLSOFT FINANCE II INC                         | Skillsoft Finance II Inc                                                        | CUSIP: 83066YAB8<br>LEI: 549300LDUD35NU8F0G43 | Long             | LON              | CORP              | US        |    102586 | PA      | $81811.95     | 0.08%             | 2028-07-14      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| KUEHG CORP                                       | KUEHG CORP                                                                      | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    222380 | PA      | $210204.92    | 0.21%             | 2030-06-12      | Floating      | 6.62%                 | 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        |   8388785 | NS      | $8388785.17   | 8.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDLINE BORROWER LP                              | MEDLINE BORROWER LP                                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    250000 | PA      | $250328.00    | 0.25%             | 2028-10-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                         | Radiate Holdco LLC / Radiate Finance Inc                                        | CUSIP: 75026JAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20890 | PA      | $10742.25     | 0.01%             | 2030-03-25      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PAC AVIATION INTERNATION                         | PAC AVIATION INTERNATION                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $147937.50    | 0.15%             | 2030-10-28      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIA                         | SOUND INPATIENT PHYSICIANS INC                                                  | CUSIP: 83607JAD3<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |     49516 | PA      | $51249.19     | 0.05%             | 2028-06-28      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| SYNECHRON INC                                    | SYNECHRON INC                                                                   | CUSIP: 87168HAE7<br>LEI: 549300MUU3E8J6UT8E60 | Long             | LON              | CORP              | US        |    249125 | PA      | $246633.75    | 0.25%             | 2031-10-03      | Floating      | 7.71%                 | No            |                  3 | On Loan: No      |
| XPLORE INC                                       | XPLORE INC                                                                      | CUSIP: 000000000<br>LEI: 254900V3NB5MGOZS4O08 | Long             | LON              | CORP              | CA        |    101089 | PA      | $69498.71     | 0.07%             | 2031-10-24      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                     | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1365.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                   | PMT Credit Risk Transfer Trust 2024-1R                                          | CUSIP: 73015AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107192 | PA      | $108374.02    | 0.11%             | 2033-05-25      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | Toronto-Dominion Bank/The                                                       | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    720000 | PA      | $755100.00    | 0.76%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                         | ALLWYN ENTERTAINMENT FIN                                                        | CUSIP: 02008EAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    375000 | PA      | $361875.00    | 0.36%             | 2032-11-10      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                           | FIRST BRANDS GROUP LLC                                                          | CUSIP: 31935HAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    492345 | PA      | $4923.45      | 0.00%             | 2028-03-30      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd                                | Elevation CLO 2020-11 Ltd                                                       | CUSIP: 28621YAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $401057.72    | 0.40%             | 2037-10-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                     | Calpine Corp                                                                    | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75249.27     | 0.08%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                               | HUNTER DOUGLAS INC                                                              | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    248125 | PA      | $248249.06    | 0.25%             | 2032-01-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Veritiv Operating Co                             | VERITIV OPERATING CO                                                            | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    198746 | PA      | $196758.78    | 0.20%             | 2030-11-29      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| ELEMENT SOLUTIONS INC                            | ELEMENT SOLUTIONS INC                                                           | CUSIP: 000000000<br>LEI: 549300FLGN6P5CU20J91 | Long             | LON              | CORP              | US        |     75000 | PA      | $75396.00     | 0.08%             | 2030-12-18      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| MAVERICK GAMING LLC                              | MAVERICK GAMING LLC                                                             | CUSIP: 57770JAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     61630 | PA      | $0.06         | 0.00%             | 2028-06-05      | Floating      | 11.46%                | No            |                  3 | On Loan: No      |
| Runitonetime LLC                                 | Runitonetime LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4248 | PA      | $3797.45      | 0.00%             | 2026-04-16      | Floating      | 1.00%                 | No            |                  3 | On Loan: No      |
| AZURIA WATER SOLUTN INC                          | AZURIA WATER SOLUTIONS INC                                                      | CUSIP: 000000000<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |     25974 | PA      | $26103.90     | 0.03%             | 2028-05-17      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| SOUND INPATIENT PHYSICIA                         | SOUND INPATIENT PHYSICIANS INC                                                  | CUSIP: 83607JAE1<br>LEI: 54930047QBMPL027P218 | Long             | LON              | CORP              | US        |    533011 | PA      | $510357.72    | 0.51%             | 2028-06-28      | Floating      | 7.58%                 | No            |                  3 | On Loan: No      |
| TRONOX FINANCE LLC                               | TRONOX FINANCE LLC                                                              | CUSIP: 89705DAP7<br>LEI: 549300LMZ1DX1PWSP524 | Long             | LON              | CORP              | US        |    124438 | PA      | $91461.56     | 0.09%             | 2031-09-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                      | ASURION LLC                                                                     | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     99748 | PA      | $98376.57     | 0.10%             | 2030-09-19      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                         | ALLISON TRANSMISSION INC                                                        | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |    100000 | PA      | $100303.60    | 0.10%             | 2032-11-08      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $186985.29    | 0.19%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                | CUSIP: 64072UAM4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    275000 | PA      | $273968.75    | 0.27%             | 2028-01-18      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| INDY US HOLDCO LLC                               | INDY US HOLDCO LLC                                                              | CUSIP: 45674PAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300005 | PA      | $299630.38    | 0.30%             | 2030-10-31      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                              | Maverick Gaming LLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8519 | PA      | $7672.62      | 0.01%             | 2026-06-23      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| VETSTRATEGY CANADA HOLD                          | VETSTRATEGY CANADA HOLDINGS INC                                                 | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |    297733 | PA      | $298849.49    | 0.30%             | 2028-12-06      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                              | RECESS HOLDINGS INC                                                             | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    246761 | PA      | $247562.60    | 0.25%             | 2030-02-20      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| NOURISH BUYER I INC                              | NOURISH BUYER I INC                                                             | CUSIP: 66979CAH4<br>LEI: 254900WHHUSAU0TJQB23 | Long             | LON              | CORP              | US        |    275000 | PA      | $274312.50    | 0.28%             | 2032-12-13      | Floating      | 8.46%                 | No            |                  3 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 10YR NOTE (CBT)                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -16 | NC      | $-272.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| VICTORY BUYER LLC                                | Victory Buyer LLC                                                               | CUSIP: 92643PAB0<br>LEI: 549300G9TEUHGC81N056 | Long             | LON              | CORP              | US        |    272370 | PA      | $272710.78    | 0.27%             | 2028-11-20      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| QUIMPER AB                                       | QUIMPER AB                                                                      | CUSIP: 000000000<br>LEI: 549300EI2YNCQDXVO313 | Long             | LON              | CORP              | SE        |    450000 | PA      | $525855.94    | 0.53%             | 2030-03-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Trimaran Advisors CAVU 2019-2                    | Trimaran CAVU 2019-2 Ltd                                                        | CUSIP: 89624JAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250628.45    | 0.25%             | 2038-03-18      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| AMG NV                                           | AMG Advanced Metallurgical Group NV                                             | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | LON              | CORP              | NL        |    270780 | PA      | $269426.18    | 0.27%             | 2028-11-30      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| BMC SOFTWARE INC                                 | BMC SOFTWARE INC                                                                | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    296263 | PA      | $294993.18    | 0.30%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                           | INEOS US Petrochem LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73312 | PA      | $57275.39     | 0.06%             | 2030-03-01      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| PMT CREDIT RISK TRANSFER TRUST                   | PMT Credit Risk Transfer Trust 2024-2R                                          | CUSIP: 69391NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    237168 | PA      | $239487.75    | 0.24%             | 2027-03-29      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                          | AMERICAN AXLE & MFG INC                                                         | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    125000 | PA      | $125078.13    | 0.13%             | 2032-09-20      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| N-ABLE INTERNATIONAL HO                          | N-ABLE INTERNATIONAL HO                                                         | CUSIP: 000000000<br>LEI: 254900A8E99QCJOGAZ34 | Long             | LON              | CORP              | US        |    200000 | PA      | $200500.00    | 0.20%             | 2032-11-22      | Floating      | 6.60%                 | No            |                  3 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                         | Diversified Healthcare Trust                                                    | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $52901.01     | 0.05%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                         | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-5292.62     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                              | MEDLINE BORROWER LP                                                             | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    248748 | PA      | $248973.05    | 0.25%             | 2030-10-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71887.95     | 0.07%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MIP V WASTE LLC                                  | MIP V WASTE LLC                                                                 | CUSIP: 000000000<br>LEI: 254900RELOGHR3ZGIQ56 | Long             | LON              | CORP              | US        |    196582 | PA      | $197319.65    | 0.20%             | 2032-08-20      | Floating      | 6.71%                 | No            |                  3 | On Loan: No      |
| QUALITYTECH LP                                   | QUALITYTECH LP                                                                  | CUSIP: 74758JAB3<br>LEI: 549300GWD2FYVWRWCZ90 | Long             | LON              | CORP              | US        |    448500 | PA      | $446445.87    | 0.45%             | 2031-11-04      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                           | ENERGIZER HOLDINGS INC                                                          | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |     89285 | PA      | $89284.89     | 0.09%             | 2032-03-19      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| TREASURE HOLDCO INC                              | TREASURE HOLDCO INC                                                             | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |    280211 | PA      | $274606.50    | 0.28%             | 2031-11-04      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| DIAMOND SPORTS GRP LLC- WARRANTS                 | DIAMOND SPORTS GRP LLC- WARRANTS                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3733 | NS      | $0.04         | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SESI LLC                                         | SESI LLC                                                                        | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44780.78     | 0.04%             | 2030-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MAMBA PURCHASER INC                              | MAMBA PURCHASER INC                                                             | CUSIP: 56150KAH8<br>LEI: 549300EAB6F7TKRLOT57 | Long             | LON              | CORP              | US        |    147270 | PA      | $147761.08    | 0.15%             | 2031-10-16      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| VIRTUS INVESTMENT PARTNERS                       | VIRTUS INVESTMENT PARTNERS INC                                                  | CUSIP: 92827RAR9<br>LEI: 549300HWF93HB8BDM648 | Long             | LON              | CORP              | US        |    275000 | PA      | $275171.88    | 0.28%             | 2032-09-27      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association        | USD/GBP FORWARD                                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $4113.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                            | LEVEL 3 FINANCING INC                                                           | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |    350000 | PA      | $350765.80    | 0.35%             | 2032-03-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                          | TALEN ENERGY SUPPLY LLC                                                         | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    325000 | PA      | $325000.00    | 0.33%             | 2032-10-12      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                         | GRAFTECH GLOBAL ENTERPRI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    318182 | PA      | $322159.08    | 0.32%             | 2029-12-21      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| ROUGH COUNTRY LLC                                | Rough Country LLC                                                               | CUSIP: 74934KAC5<br>LEI: 549300ULXHJ9CR0QDU59 | Long             | LON              | CORP              | US        |    148025 | PA      | $146298.26    | 0.15%             | 2028-07-31      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                    | LIFE TIME INC                                                                   | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |     98625 | PA      | $98772.94     | 0.10%             | 2031-11-05      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                   | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    855000 | PA      | $872153.71    | 0.87%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORP                     | SIX FLAGS ENTERTAINME                                                           | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |    198244 | PA      | $193323.74    | 0.19%             | 2031-05-01      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| CROSBY US ACQUISITION CORP                       | CROSBY US ACQUISITION CORP                                                      | CUSIP: 22739PAP1<br>LEI: 549300V5HSWHDNVOWE35 | Long             | LON              | CORP              | US        |    171948 | PA      | $172765.21    | 0.17%             | 2029-08-16      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                              | LBM ACQUISITION LLC                                                             | CUSIP: 50179JAK4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    100000 | PA      | $98875.00     | 0.10%             | 2031-06-06      | Floating      | 8.96%                 | No            |                  2 | On Loan: No      |
| FENDER MUSICAL INSTRUMENTS                       | Fender Musical Instruments Corp                                                 | CUSIP: 000000000<br>LEI: 549300G8G1R16J8L5Q60 | Long             | LON              | CORP              | US        |    303616 | PA      | $273254.16    | 0.27%             | 2028-12-01      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US LONG BOND(CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -3 | NC      | $-3066.84     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BROWN GROUP HOLDING LLC                          | BROWN GROUP HOLDING LLC                                                         | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    147694 | PA      | $148278.95    | 0.15%             | 2031-07-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| HUDSON RIVER TRADING LLC                         | HUDSON RIVER TRADING LLC                                                        | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |    586924 | PA      | $588268.81    | 0.59%             | 2030-03-18      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| HIRERIGHT HOLDINGS CORP                          | HIRERIGHT HOLDINGS CORP                                                         | CUSIP: 37190DAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    196574 | PA      | $169729.64    | 0.17%             | 2030-09-30      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                           | LUMEN TECHNOLOGIES INC                                                          | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |    173795 | PA      | $172708.68    | 0.17%             | 2029-04-16      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PROPULSION BC FINCO SARL                         | PROPULSION BC FINCO SARL                                                        | CUSIP: 000000000<br>LEI: 254900S4YQSQVLEZ8D35 | Long             | LON              | CORP              | ES        |     50000 | PA      | $49937.50     | 0.05%             | 2032-11-22      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                         | GRAFTECH GLOBAL ENTERPRI                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    181818 | PA      | $184545.46    | 0.19%             | 2029-12-21      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| LSF12 CROWN US COMMERCIA                         | LSF12 CROWN US COMMERCIAL BIDCO LLC                                             | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |     48701 | PA      | $48701.29     | 0.05%             | 2031-12-02      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                         | TK ELEVATOR US NEWCO INC                                                        | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    567609 | PA      | $570713.64    | 0.57%             | 2030-04-30      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| AEGION CORP                                      | AEGION CORP                                                                     | CUSIP: 00771PAM3<br>LEI: 549300AG3DVJURRIT691 | Long             | LON              | CORP              | US        |    443986 | PA      | $446205.46    | 0.45%             | 2028-05-17      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                                  | Trans Union LLC                                                                 | CUSIP: 89334GAX2<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    189742 | PA      | $189552.30    | 0.19%             | 2026-11-16      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 2YR NOTE (CBT)                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -6 | NC      | $157.94       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLYDESDALE ACQUISITION                           | CLYDESDALE ACQUISITION HOLDINGS INC                                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    490438 | PA      | $487065.74    | 0.49%             | 2032-03-29      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | United States Treasury Note/Bond                                                | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    525000 | PA      | $492433.59    | 0.49%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FRONERI US INC                                   | FRONERI US INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    274185 | PA      | $272814.54    | 0.27%             | 2031-09-30      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| WIN WASTE INNOVATIONS HO                         | WIN WASTE INNOVATIONS HO                                                        | CUSIP: 000000000<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |    164588 | PA      | $165204.70    | 0.17%             | 2028-03-27      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| GATEGROUP US FINANCE INC                         | GATEGROUP US FINANCE INC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    313675 | PA      | $313478.95    | 0.31%             | 2032-06-10      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                           | COLOSSUS ACQUIRECO LLC                                                          | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    225000 | PA      | $224062.43    | 0.22%             | 2032-07-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOLDINGS                           | Digicel Group Holdings Ltd                                                      | CUSIP: 25381HAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      4981 | PA      | $0.50         | 0.00%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COVIA HOLDINGS LLC                               | COVIA HOLDINGS LLC                                                              | CUSIP: 22305CAF6<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |    250000 | PA      | $249375.00    | 0.25%             | 2032-02-26      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| PEARLS NETHERLANDS BIDCO                         | PEARLS NETHERLANDS BIDCO BV                                                     | CUSIP: 000000000<br>LEI: 2549005MTFX0VLL0UQ17 | Long             | LON              | CORP              | US        |    124688 | PA      | $113880.83    | 0.11%             | 2029-03-01      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                            | QNITY ELECTRONICS INC                                                           | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |    475000 | PA      | $476187.50    | 0.48%             | 2032-11-01      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer