# EDGAR Filing Document

**Accession Number:** 0001727074
**File Stem:** 0001752724-23-012579
**Filing Date:** 2023-1
**Character Count:** 289107
**Document Hash:** 2793e271acd76707bd851f26ad841386
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012579.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012579

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM ETF TRUST
- **CENTRAL INDEX KEY:** 0001727074
- **IRS NUMBER:** 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:** 23551994

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

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

## 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, 2022

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 98.0%** | **Long-Term Investments 98.0%** | **Long-Term Investments 98.0%** | **Long-Term Investments 98.0%** | **Long-Term Investments 98.0%** |
| **Asset-Backed Securities 6.1%** | **Asset-Backed Securities 6.1%** | **Asset-Backed Securities 6.1%** | **Asset-Backed Securities 6.1%** | **Asset-Backed Securities 6.1%** |
| **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** | **Collateralized Loan Obligations** |
| Bain Capital Credit CLO Ltd. (Cayman Islands),<br> Series 2019-02A, Class AR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 5.179 %(c) | &nbsp;&nbsp;10/17/32 | 400 | &nbsp;&nbsp; $389777 |
| BlueMountain Fuji US CLO Ltd. (Cayman Islands),<br> Series 2017-02A, Class A1AR, 144A, 3 Month LIBOR + 1.000% (Cap N/A, Floor 0.000%) | 5.243(c) | &nbsp;&nbsp;10/20/30 | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394113 |
| Carlyle US CLO Ltd. (Cayman Islands),<br> Series 2021-11A, Class A, 144A, 3 Month LIBOR + 1.095% (Cap N/A, Floor 1.095%) | 5.453(c) | &nbsp;&nbsp;01/25/33 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241861 |
| CBAM Ltd. (Cayman Islands),<br> Series 2018-07A, Class A, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 5.343(c) | &nbsp;&nbsp;07/20/31 | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391556 |
| Logan CLO Ltd. (Cayman Islands),<br> Series 2021-02A, Class B, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 5.943(c) | &nbsp;&nbsp;01/20/35 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237644 |
| MidOcean Credit CLO (Cayman Islands),<br> Series 2017-07A, Class A1R, 144A, 3 Month LIBOR + 1.040% (Cap N/A, Floor 0.000%) | 5.119(c) | &nbsp;&nbsp;07/15/29 | 315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309115 |
| Palmer Square CLO Ltd. (Cayman Islands),<br> Series 2015-01A, Class A2R4, 144A, 3 Month LIBOR + 1.700% (Cap N/A, Floor 1.700%) | 6.375(c) | &nbsp;&nbsp;05/21/34 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238018 |
| Palmer Square Loan Funding Ltd. (Cayman Islands),<br> Series 2022-03A, Class A2, 144A, 3 Month SOFR + 3.000% (Cap N/A, Floor 3.000%) | 7.005(c) | &nbsp;&nbsp;04/15/31 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99982 |
| Symphony CLO Ltd. (Cayman Islands),<br> Series 2016-18A, Class A1RR, 144A, 3 Month LIBOR + 1.100% (Cap N/A, Floor 1.100%) | 5.425(c) | &nbsp;&nbsp;07/23/33 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242267 |
| Wellfleet CLO Ltd. (Cayman Islands),<br> Series 2018-03A, Class A1A, 144A, 3 Month LIBOR + 1.250% (Cap N/A, Floor 1.250%) | 5.493(c) | &nbsp;&nbsp;01/20/32 | 400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390314 |
| **Total Asset-Backed Securities<br> (cost $2,931,620)** | **Total Asset-Backed Securities<br> (cost $2,931,620)** | **Total Asset-Backed Securities<br> (cost $2,931,620)** | **Total Asset-Backed Securities<br> (cost $2,931,620)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2934647 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds 9.9%** | **Corporate Bonds 9.9%** | **Corporate Bonds 9.9%** | **Corporate Bonds 9.9%** | **Corporate Bonds 9.9%** |
| **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** |
| Boeing Co. (The),<br> Sr. Unsec'd. Notes | 5.805% | &nbsp;&nbsp;05/01/50 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp; $94322 |
| Bombardier, Inc. (Canada),<br> Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;04/15/27 | &nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171754 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266076 |
| **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** |
| 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;100917 |
| **Banks 5.8%** | **Banks 5.8%** | **Banks 5.8%** | **Banks 5.8%** | **Banks 5.8%** |
| Bank of America Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series JJ | 5.125(ff) | &nbsp;&nbsp;06/20/24(oo) | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236826 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series MM | 4.300(ff) | &nbsp;&nbsp;01/28/25(oo) | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129731 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series RR | 4.375(ff) | &nbsp;&nbsp;01/27/27(oo) | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298398 |
| Citigroup, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series U | 5.000(ff) | &nbsp;&nbsp;09/12/24(oo) | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | 4.700(ff) | &nbsp;&nbsp;01/30/25(oo) | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336313 |
| Goldman Sachs Group, Inc. (The), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series U | 3.650(ff) | &nbsp;&nbsp;08/10/26(oo) | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, Series V | 4.125(ff) | &nbsp;&nbsp;11/10/26(oo) | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;567168 |
| JPMorgan Chase & Co.,<br> Jr. Sub. Notes, Series HH | 4.600(ff) | &nbsp;&nbsp;02/01/25(oo) | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;930284 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2802030 |
| **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** | **Building Materials 0.1%** |
| Smyrna Ready Mix Concrete LLC,<br> Sr. Sec'd. Notes, 144A | 6.000 | &nbsp;&nbsp;11/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62296 |
| **Commercial Services 0.7%** | **Commercial Services 0.7%** | **Commercial Services 0.7%** | **Commercial Services 0.7%** | **Commercial Services 0.7%** |
| Adtalem Global Education, Inc.,<br> Sr. Sec'd. Notes, 144A | 5.500 | &nbsp;&nbsp;03/01/28 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326969 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Diversified Financial Services 0.3%** | **Diversified Financial Services 0.3%** | **Diversified Financial Services 0.3%** | **Diversified Financial Services 0.3%** | **Diversified Financial Services 0.3%** |
| American Express Co.,<br> Jr. Sub. Notes | 3.550 %(ff) | &nbsp;&nbsp;09/15/26(oo) | 100 | &nbsp;&nbsp; $79338 |
| VistaJet Malta Finance PLC/XO Management Holding, Inc. (Switzerland),<br> Sr. Unsec'd. Notes, 144A | 7.875 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67875 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147213 |
| **Electric 0.8%** | **Electric 0.8%** | **Electric 0.8%** | **Electric 0.8%** | **Electric 0.8%** |
| Calpine Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;02/01/29 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Unsec'd. Notes, 144A | 5.000 | &nbsp;&nbsp;02/01/31 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129584 |
| Vistra Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 7.000(ff) | &nbsp;&nbsp;12/15/26(oo) | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89799 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Sub. Notes, 144A | 8.000(ff) | &nbsp;&nbsp;10/15/26(oo) | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95630 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401576 |
| **Healthcare-Products 0.1%** | **Healthcare-Products 0.1%** | **Healthcare-Products 0.1%** | **Healthcare-Products 0.1%** | **Healthcare-Products 0.1%** |
| Medline Borrower LP,<br> Sr. Sec'd. Notes, 144A | 3.875 | &nbsp;&nbsp;04/01/29 | &nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60171 |
| **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** | **Home Builders 0.1%** |
| Ashton Woods USA LLC/Ashton Woods Finance Co.,<br> Sr. Unsec'd. Notes, 144A | 4.625 | &nbsp;&nbsp;04/01/30 | &nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29267 |
| **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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65530 |
| **Oil & Gas 0.5%** | **Oil & Gas 0.5%** | **Oil & Gas 0.5%** | **Oil & Gas 0.5%** | **Oil & Gas 0.5%** |
| 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;91711 |
| MEG Energy Corp. (Canada),<br> Gtd. Notes, 144A | 7.125 | &nbsp;&nbsp;02/01/27 | &nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81121 |
| Nabors Industries, Inc.,<br> Gtd. Notes, 144A | 7.375 | &nbsp;&nbsp;05/15/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73190 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246022 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** | **Corporate Bonds (Continued)** |
| **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** | **Packaging & Containers 0.1%** |
| Sealed Air Corp.,<br> Gtd. Notes, 144A | 5.000% | &nbsp;&nbsp;04/15/29 | &nbsp;&nbsp;50 | &nbsp;&nbsp; $46492 |
| **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** | **Pipelines 0.3%** |
| Energy Transfer LP,<br> Sr. Unsec'd. Notes | 3.750 | &nbsp;&nbsp;05/15/30 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66506 |
| 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;65752 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132258 |
| **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,<br> 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;41817 |
| **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;56617 |
| **Total Corporate Bonds<br> (cost $4,792,341)** | **Total Corporate Bonds<br> (cost $4,792,341)** | **Total Corporate Bonds<br> (cost $4,792,341)** | **Total Corporate Bonds<br> (cost $4,792,341)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4785251 |
| **Floating Rate and other Loans 82.0%** | **Floating Rate and other Loans 82.0%** | **Floating Rate and other Loans 82.0%** | **Floating Rate and other Loans 82.0%** | **Floating Rate and other Loans 82.0%** |
| **Advertising 0.6%** | **Advertising 0.6%** | **Advertising 0.6%** | **Advertising 0.6%** | **Advertising 0.6%** |
| Clear Channel Outdoor Holdings, Inc.,<br> Term B Loan, 3 Month LIBOR + 3.500% | 7.915(c) | &nbsp;&nbsp;08/21/26 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228008 |
| Terrier Media Buyer, Inc.,<br> 2021 Refinancing Term B Loan, 1 Month LIBOR + 3.500% | 7.571(c) | &nbsp;&nbsp;12/17/26 | &nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78526 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;306534 |
| **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** | **Aerospace & Defense 1.2%** |
| Cobham Ultra U.S. Co-Borrower LLC,<br> Term Loan, 6 Month LIBOR + 3.750% | 7.063(c) | &nbsp;&nbsp;08/06/29 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121172 |
| Dynasty Acquisition Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020 Specified Refinancing Term B-1 Facility, 1 Month LIBOR + 3.500% | 7.571(c) | &nbsp;&nbsp;04/06/26 | &nbsp;&nbsp;97 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93087 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** | **Aerospace & Defense (cont'd.)** |
| Dynasty Acquisition Co., Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020 Specified Refinancing Term B-2 Facility, 1 Month LIBOR + 3.500% | 7.571 %(c) | &nbsp;&nbsp;04/06/26 | &nbsp;&nbsp;52 | &nbsp;&nbsp; $50047 |
| Spirit AeroSystems, Inc.,<br> Term Loan | 0.000(cc) | &nbsp;&nbsp;01/15/27 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221719 |
| TransDigm, Inc.,<br> Tranche F Refinancing Term Loan, 3 Month LIBOR + 2.250% | 5.924(c) | &nbsp;&nbsp;12/09/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97901 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583926 |
| **Agriculture 0.1%** | **Agriculture 0.1%** | **Agriculture 0.1%** | **Agriculture 0.1%** | **Agriculture 0.1%** |
| Alltech, Inc.,<br> Term B Loan, 1 Month LIBOR + 4.000%^ | 8.029(c) | &nbsp;&nbsp;10/13/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46500 |
| **Airlines 2.8%** | **Airlines 2.8%** | **Airlines 2.8%** | **Airlines 2.8%** | **Airlines 2.8%** |
| Air Canada (Canada),<br> Term Loan, 3 Month LIBOR + 3.500% | 8.130(c) | &nbsp;&nbsp;08/11/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147407 |
| American Airlines, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2017 Replacement Class B Term Loan, 1 Month LIBOR + 2.000% | 5.800(c) | &nbsp;&nbsp;12/15/23 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248633 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 3 Month LIBOR + 4.750% | 8.993(c) | &nbsp;&nbsp;04/20/28 | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347375 |
| Delta Air Lines, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 3.750% | 7.993(c) | &nbsp;&nbsp;10/20/27 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126719 |
| Mileage Plus Holdings LLC,<br> Initial Term Loan, 3 Month LIBOR + 5.250% | 8.777(c) | &nbsp;&nbsp;06/21/27 | 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195119 |
| United Airlines, Inc.,<br> Class B Term Loan, 3 Month LIBOR + 3.750% | 8.108(c) | &nbsp;&nbsp;04/21/28 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295486 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1360739 |
| **Apparel 0.6%** | **Apparel 0.6%** | **Apparel 0.6%** | **Apparel 0.6%** | **Apparel 0.6%** |
| Calceus Acquisition, Inc.,<br> Term Loan, 3 Month LIBOR + 5.500% | 9.174(c) | &nbsp;&nbsp;02/12/25 | &nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66745 |
| Fanatics Commerce Intermediate Holdco LLC,<br> Initial Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;11/24/28 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218442 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285187 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** |
| American Trailer World Corp.,<br> First Lien Initial Term Loan, 1 Month SOFR + 3.850% | 7.936 %(c) | &nbsp;&nbsp;03/03/28 | 120 | &nbsp;&nbsp; $103937 |
| **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 B Term Loan, 1 Month LIBOR + 2.250% | 6.270(c) | &nbsp;&nbsp;04/06/24 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298406 |
| Autokiniton U.S. Holdings, Inc.,<br> Closing Date Term B Loan, 1 Month LIBOR + 4.500% | 8.379(c) | &nbsp;&nbsp;04/06/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95513 |
| Dexko Global, Inc.,<br> First Lien Closing Date Dollar Term Loan, 1 Month LIBOR + 3.750% | 7.623(c) | &nbsp;&nbsp;10/04/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134139 |
| First Brands Group LLC,<br> First Lien 2021 Term Loan, 6 Month SOFR + 5.000% | 8.368(c) | &nbsp;&nbsp;03/30/27 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95882 |
| Holley, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 3.750% | 8.339(c) | &nbsp;&nbsp;11/17/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43300 |
| Truck Hero, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 3.750% | 8.134(c) | &nbsp;&nbsp;01/31/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83887 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751127 |
| **Beverages 0.7%** | **Beverages 0.7%** | **Beverages 0.7%** | **Beverages 0.7%** | **Beverages 0.7%** |
| Arctic Glacier USA, Inc.,<br> Specified Refinancing Term Loan, 3 Month LIBOR + 3.500% | 7.174(c) | &nbsp;&nbsp;03/20/24 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90167 |
| City Brewing Co. LLC,<br> First Lien Closing Date Term Loan, 1 Month LIBOR + 3.500% | 6.800(c) | &nbsp;&nbsp;04/05/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122204 |
| Pegasus Bidco BV (Netherlands),<br> Facility Term loan B2, 3 Month SOFR + 4.250% | 8.515(c) | &nbsp;&nbsp;07/12/29 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145125 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357496 |
| **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** | **Building Materials 1.5%** |
| Cornerstone Building Brands, Inc.,<br> Term Loan, 1 Month SOFR + 5.625% | 9.419(c) | &nbsp;&nbsp;08/01/28 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301167 |
| CP Atlas Buyer, Inc.,<br> Term B Loan, 1 Month LIBOR + 3.500% | 7.571(c) | &nbsp;&nbsp;11/23/27 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131213 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** | **Building Materials (cont'd.)** |
| Hunter Douglas, Inc. (Netherlands),<br> Tranche B-1 Term Loan, 3 Month SOFR + 3.500% | 7.859 %(c) | &nbsp;&nbsp;02/26/29 | 225 | &nbsp;&nbsp; $195572 |
| Smyrna Ready Mix Concrete LLC,<br> Initial Term Loan, 1 Month SOFR + 4.250%^ | 8.436(c) | &nbsp;&nbsp;04/02/29 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97755 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;725707 |
| **Chemicals 2.6%** | **Chemicals 2.6%** | **Chemicals 2.6%** | **Chemicals 2.6%** | **Chemicals 2.6%** |
| Albaugh LLC,<br> Initial Term Loan, 3 Month SOFR + 3.500%^ | 7.594(c) | &nbsp;&nbsp;04/06/29 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122509 |
| Ascend Performance Materials Operations LLC,<br> 2021 Refinancing Term Loan, 6 Month SOFR + 4.850% | 8.831(c) | &nbsp;&nbsp;08/27/26 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191014 |
| DuBois Chemicals Group, Inc.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 4.500% | 8.571(c) | &nbsp;&nbsp;09/30/26 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191393 |
| Geon Performance Solutions LLC,<br> Initial Term Loan, 3 Month LIBOR + 4.500% | 8.174(c) | &nbsp;&nbsp;08/18/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72136 |
| Ineos Finance PLC (Luxembourg),<br> 2027-II Dollar Term Loan | 0.000(cc) | &nbsp;&nbsp;11/08/27 | &nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34501 |
| Ineos U.S. Petrochem LLC,<br> 2026 Tranche B Dollar Term Loan, 1 Month LIBOR + 2.750%^ | 6.821(c) | &nbsp;&nbsp;01/29/26 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48505 |
| Iris Holdings Ltd.,<br> Initial Term Loan, 3 Month SOFR + 4.750% | 8.944(c) | &nbsp;&nbsp;06/28/28 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113938 |
| LSF11 A5 HoldCo., LLC,<br> Term Loans, 1 Month SOFR + 3.614% | 7.701(c) | &nbsp;&nbsp;10/15/28 | 114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110539 |
| Olympus Water US Holding Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 Incremental Term Loan, 3 Month SOFR + 4.600% | 8.153(c) | &nbsp;&nbsp;11/09/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95096 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Dollar Term Loan, 3 Month LIBOR + 3.750% | 7.438(c) | &nbsp;&nbsp;11/09/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95229 |
| Oxea Corp.,<br> Tranche B-2 Term Loan, 3 Month LIBOR + 3.250% | 7.000(c) | &nbsp;&nbsp;10/14/24 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46610 |
| Starfruit Finco BV (Netherlands),<br> Initial Dollar Term Loan, 3 Month LIBOR + 2.750% | 7.165(c) | &nbsp;&nbsp;10/01/25 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48323 |
| Tronox Finance LLC,<br> First Lien 2022 Incremental Term Loan, 3 Month SOFR + 3.250%^ | 6.803(c) | &nbsp;&nbsp;04/04/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73319 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1243112 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Commercial Services 6.0%** | **Commercial Services 6.0%** | **Commercial Services 6.0%** | **Commercial Services 6.0%** | **Commercial Services 6.0%** |
| AG Group Holdings, Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.000% | 8.247 %(c) | &nbsp;&nbsp;12/29/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp; $71640 |
| Amentum Government Services Holdings LLC,<br> Tranche 3 Term Loan, 6 Month SOFR + 4.000% | 7.382(c) | &nbsp;&nbsp;02/15/29 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221036 |
| ArchKey Holdings, Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 5.250% | 9.665(c) | &nbsp;&nbsp;06/29/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140527 |
| Avis Budget Car Rental LLC,<br> New Tranche B Term Loan, 1 Month LIBOR + 1.750% | 5.830(c) | &nbsp;&nbsp;08/06/27 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188437 |
| CoreLogic Inc,<br> First Lien Initial Term Loan, 1 Month LIBOR + 3.500% | 7.625(c) | &nbsp;&nbsp;06/02/28 | 324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265667 |
| EAB Global, Inc.,<br> Term Loan, 1 Month LIBOR + 3.500% | 7.571(c) | &nbsp;&nbsp;08/16/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191967 |
| Fly Funding II Sarl (Luxembourg),<br> Term Loan B, 3 Month LIBOR + 1.750% | 6.310(c) | &nbsp;&nbsp;08/11/25 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207208 |
| Inmar, Inc.,<br> Initial Term Loan (First Lien), 1 Month LIBOR + 4.000% | 8.071(c) | &nbsp;&nbsp;05/01/24 | &nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54090 |
| Kingpin Intermediate Holdings LLC,<br> 2018 Refinancing Term Loan, 1 Month LIBOR + 3.500% | 7.580(c) | &nbsp;&nbsp;07/03/24 | 224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219491 |
| Latham Pool Products, Inc.,<br> Initial Term Loan, 3 Month SOFR + 3.750% | 8.220(c) | &nbsp;&nbsp;02/23/29 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45024 |
| Mavis Tire Express Services TopCo LP,<br> First Lien Initial Term Loan, 1 Month SOFR + 4.000% | 8.125(c) | &nbsp;&nbsp;05/04/28 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191708 |
| MPH Acquisition Holdings LLC,<br> Initial Term Loan, 3 Month LIBOR + 4.250% | 8.985(c) | &nbsp;&nbsp;09/01/28 | 224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192165 |
| NAB Holdings LLC,<br> First Lien Term Loan, 3 Month SOFR + 3.150% | 6.703(c) | &nbsp;&nbsp;11/23/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145257 |
| RLG Holdings LLC,<br> First Lien Closing Date Initial Term Loan, 1 Month LIBOR + 4.000% | 8.071(c) | &nbsp;&nbsp;07/07/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70147 |
| Spectrum Group Buyer, Inc.,<br> Term Loan B, 6 Month SOFR + 6.500% | 9.440(c) | &nbsp;&nbsp;05/19/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142312 |
| University Support Services LLC (Canada),<br> Initial Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;02/10/29 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290656 |
| VT Topco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien 2021 Delayed Draw Term Loan, 1 Month LIBOR + 3.750% | 3.750(c) | &nbsp;&nbsp;08/01/25 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2504 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien 2021 Term Loan, 1 Month LIBOR + 3.750% | 7.821(c) | &nbsp;&nbsp;08/01/25 | &nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67961 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** | **Commercial Services (cont'd.)** |
| WMB Holdings, Inc.,<br> Tranche B USD Term Loan, 1 Month SOFR + 3.350% | 7.436 %(c) | &nbsp;&nbsp;11/02/29 | 171 | &nbsp;&nbsp; $168221 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2876018 |
| **Computers 2.9%** | **Computers 2.9%** | **Computers 2.9%** | **Computers 2.9%** | **Computers 2.9%** |
| ConvergeOne Holdings Corp.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 5.000% | 9.071(c) | &nbsp;&nbsp;01/04/26 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157450 |
| Everi Payments, Inc.,<br> Term B Loan, 1 Month LIBOR + 2.500% | 6.571(c) | &nbsp;&nbsp;08/03/28 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123496 |
| McAfee Corp.,<br> Tranche B-1 Term Loan, 1 Month SOFR + 3.750% | 7.636(c) | &nbsp;&nbsp;03/01/29 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236450 |
| Peraton Corp.,<br> First Lien Term B Loan, 1 Month LIBOR + 3.750% | 7.821(c) | &nbsp;&nbsp;02/01/28 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291622 |
| Procera Networks, Inc. (Canada),<br> Initial Term Loan (First Lien), 3 Month LIBOR + 4.500% | 8.174(c) | &nbsp;&nbsp;10/31/25 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118619 |
| Redstone Holdco LP,<br> First Lien Initial Term Loan, 3 Month LIBOR + 4.750% | 9.108(c) | &nbsp;&nbsp;04/27/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67267 |
| SonicWall U.S. Holdings, Inc.,<br> First Lien Term Loan, 3 Month LIBOR + 3.750% | 8.449(c) | &nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96511 |
| VeriFone Systems, Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 4.000% | 8.359(c) | &nbsp;&nbsp;08/20/25 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179300 |
| Vision Solutions, Inc.,<br> Third Amendment Term Loan (First Lien), 3 Month LIBOR + 4.000% | 8.358(c) | &nbsp;&nbsp;04/24/28 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102762 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373477 |
| **Cosmetics/Personal Care 0.3%** | **Cosmetics/Personal Care 0.3%** | **Cosmetics/Personal Care 0.3%** | **Cosmetics/Personal Care 0.3%** | **Cosmetics/Personal Care 0.3%** |
| Conair Holdings LLC,<br> First Lien Initial Term Loan, 3 Month LIBOR + 3.750% | 7.424(c) | &nbsp;&nbsp;05/17/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124778 |
| **Diversified Financial Services 3.2%** | **Diversified Financial Services 3.2%** | **Diversified Financial Services 3.2%** | **Diversified Financial Services 3.2%** | **Diversified Financial Services 3.2%** |
| Castlelake Aviation One DAC,<br> Initial Term Loan, 3 Month LIBOR + 2.750% | 6.043(c) | &nbsp;&nbsp;10/22/26 | 134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131731 |
| Cowen, Inc.,<br> Initial Term Loan, 6 Month LIBOR + 3.250% | 7.433(c) | &nbsp;&nbsp;03/24/28 | 347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344469 |
| Focus Financial Partners LLC,<br> Tranche B-5 Term Loan | &nbsp;&nbsp;—(p) | &nbsp;&nbsp;06/30/28 | 210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206194 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** | **Diversified Financial Services (cont'd.)** |
| Hightower Holding LLC,<br> Initial Term Loan, 3 Month LIBOR + 4.000% | 8.278 %(c) | &nbsp;&nbsp;04/21/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp; $69586 |
| Hudson River Trading LLC,<br> Term Loan, 1 Month SOFR + 3.114% | 7.201(c) | &nbsp;&nbsp;03/20/28 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254410 |
| LHS Borrower LLC,<br> Initial Term Loan, 1 Month SOFR + 4.850% | 8.936(c) | &nbsp;&nbsp;02/16/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60224 |
| Paysafe Holdings U.S. Corp.,<br> Facility B1, 1 Month LIBOR + 2.750% | 6.821(c) | &nbsp;&nbsp;06/28/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69865 |
| Setanta Aircraft Leasing DAC (Ireland),<br> Term Loan, 3 Month LIBOR + 2.000% | 5.674(c) | &nbsp;&nbsp;11/05/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98804 |
| VFH Parent LLC,<br> Initial Term Loan, 1 Month SOFR + 3.000% | 7.011(c) | &nbsp;&nbsp;01/13/29 | 295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285904 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1521187 |
| **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** | **Electric 0.6%** |
| Lightstone HoldCo LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term Loan B, 1 Month SOFR + 5.750% | 9.836(c) | &nbsp;&nbsp;02/01/27 | 139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126931 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extended Term Loan C, 1 Month SOFR + 5.750% | 9.836(c) | &nbsp;&nbsp;02/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7204 |
| Pike Corp.,<br> 2028-B Term Loan, 1 Month SOFR + 3.500%^ | 7.586(c) | &nbsp;&nbsp;01/21/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49312 |
| Vistra Operations Co. LLC,<br> 2018 Incremental Term Loan, 1 Month LIBOR + 1.750% | 5.738(c) | &nbsp;&nbsp;12/31/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98544 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281991 |
| **Electronics 1.0%** | **Electronics 1.0%** | **Electronics 1.0%** | **Electronics 1.0%** | **Electronics 1.0%** |
| II-VI, Inc.,<br> Term Loan B, 1 Month LIBOR + 2.750% | 6.586(c) | &nbsp;&nbsp;07/02/29 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296400 |
| Ingram Micro, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 3.500% | 7.174(c) | &nbsp;&nbsp;06/30/28 | 175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172085 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;468485 |
| **Energy-Alternate Sources 0.3%** | **Energy-Alternate Sources 0.3%** | **Energy-Alternate Sources 0.3%** | **Energy-Alternate Sources 0.3%** | **Energy-Alternate Sources 0.3%** |
| WIN Waste Innovations Holdings, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 2.750% | 6.424(c) | &nbsp;&nbsp;03/24/28 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121106 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** |
| Brand Industrial Services, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 4.250% | &nbsp;&nbsp;8.034 %(c) | &nbsp;&nbsp;06/21/24 | &nbsp;&nbsp;50 | &nbsp;&nbsp; $43489 |
| Brown Group Holding LLC,<br> Incremental Term B-2 Facility, 3 Month SOFR + 3.750% | &nbsp;&nbsp;7.840(c) | &nbsp;&nbsp;07/02/29 | &nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24817 |
| Osmose Utilities Services, Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 3.250% | &nbsp;&nbsp;7.266(c) | &nbsp;&nbsp;06/23/28 | &nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84212 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152518 |
| **Entertainment 3.5%** | **Entertainment 3.5%** | **Entertainment 3.5%** | **Entertainment 3.5%** | **Entertainment 3.5%** |
| Allen Media LLC,<br> Term B Loan, 3 Month SOFR + 5.650% | &nbsp;&nbsp;9.203(c) | &nbsp;&nbsp;02/10/27 | 164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134062 |
| AP Gaming I LLC,<br> Term B Loan, 2 Month SOFR + 4.000% | &nbsp;&nbsp;8.061(c) | &nbsp;&nbsp;02/15/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72386 |
| CBAC Borrower LLC,<br> Term B Loan, 1 Month LIBOR + 4.000% | &nbsp;&nbsp;8.071(c) | &nbsp;&nbsp;07/08/24 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96934 |
| Entain Holdings Gibraltar Ltd.,<br> Facility B2, 2 Month SOFR + 3.500% | &nbsp;&nbsp;7.506(c) | &nbsp;&nbsp;10/31/29 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98825 |
| Flutter Entertainment PLC (Ireland),<br> Third Amendment 2028-B Term Loan, 3 Month SOFR + 3.250% | &nbsp;&nbsp;6.781(c) | &nbsp;&nbsp;07/22/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99161 |
| Golden Entertainment, Inc.,<br> Term B Facility Loan (First Lien), 1 Month LIBOR + 3.000% | &nbsp;&nbsp;7.050(c) | &nbsp;&nbsp;10/21/24 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123750 |
| J&J Ventures Gaming LLC,<br> Initial Term Loan, 3 Month LIBOR + 4.000%^ | &nbsp;&nbsp;7.674(c) | &nbsp;&nbsp;04/26/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143457 |
| Maverick Gaming LLC,<br> Term Loan B, 3 Month LIBOR + 7.500% | 12.235(c) | &nbsp;&nbsp;09/03/26 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65420 |
| Raptor Acquisition Corp.,<br> Term B Loan, 3 Month LIBOR + 4.000% | &nbsp;&nbsp;7.602(c) | &nbsp;&nbsp;11/01/26 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317098 |
| Scientific Games Holdings LP,<br> Initial Dollor Term Loan, 3 Month SOFR + 3.500% | &nbsp;&nbsp;7.097(c) | &nbsp;&nbsp;04/04/29 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286875 |
| Scientific Games International, Inc.,<br> Initial Term B Loan, 1 Month SOFR + 3.000% | &nbsp;&nbsp;6.896(c) | &nbsp;&nbsp;04/13/29 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244610 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1682578 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Environmental Control 1.9%** | **Environmental Control 1.9%** | **Environmental Control 1.9%** | **Environmental Control 1.9%** | **Environmental Control 1.9%** |
| EWT Holdings III Corp.,<br> Term Loan, 1 Month LIBOR + 2.250% | 6.375 %(c) | &nbsp;&nbsp;04/01/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp; $73596 |
| Filtration Group Corp.,<br> Initial Dollar Term Loan, 1 Month LIBOR + 3.000% | 7.071(c) | &nbsp;&nbsp;03/31/25 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147042 |
| GFL Environmental, Inc. (Canada),<br> 2020 Term Loan, 3 Month LIBOR + 3.000% | 7.415(c) | &nbsp;&nbsp;05/30/25 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248870 |
| Harsco Corp.,<br> Term Loan, 1 Month LIBOR + 2.250% | 6.375(c) | &nbsp;&nbsp;03/10/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92117 |
| Madison IAQ LLC,<br> Initial Term Loan, 3 Month LIBOR + 3.250% | 6.815(c) | &nbsp;&nbsp;06/21/28 | 304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288501 |
| Packers Holdings LLC,<br> Initial Term Loan, 1 Month LIBOR + 3.250% | 7.129(c) | &nbsp;&nbsp;03/09/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64926 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;915052 |
| **Foods 0.6%** | **Foods 0.6%** | **Foods 0.6%** | **Foods 0.6%** | **Foods 0.6%** |
| BCPE North Star U.S. Holdco, Inc.,<br> First Lien Initial Term Loan, 2 Month LIBOR + 4.000% | 8.730(c) | &nbsp;&nbsp;06/09/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68930 |
| Chefs Warehouse,<br> Term Loan, 1 Month SOFR + 4.750%^ | 9.173(c) | &nbsp;&nbsp;08/23/29 | &nbsp;&nbsp;54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53190 |
| CHG PPC Parent LLC,<br> 2021-1 US Term Loan, 1 Month LIBOR + 3.000%^ | 7.125(c) | &nbsp;&nbsp;12/08/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47760 |
| H-Food Holdings LLC,<br> Initial Term Loan, 1 Month LIBOR + 3.688% | 7.759(c) | &nbsp;&nbsp;05/23/25 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64408 |
| Shearer's Foods LLC,<br> Refinancing Term Loan (First Lien), 1 Month LIBOR + 3.500% | 7.571(c) | &nbsp;&nbsp;09/23/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70729 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305017 |
| **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** | **Forest Products & Paper 0.2%** |
| Domtar Corp.,<br> Initial Term Loan, 1 Month LIBOR + 0.500% | 6.879(c) | &nbsp;&nbsp;11/30/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97333 |
| **Hand/Machine Tools 0.2%** | **Hand/Machine Tools 0.2%** | **Hand/Machine Tools 0.2%** | **Hand/Machine Tools 0.2%** | **Hand/Machine Tools 0.2%** |
| Alliance Laundry Systems LLC,<br> Initial Term B Loan, 3 Month LIBOR + 3.500% | 7.409(c) | &nbsp;&nbsp;10/08/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72735 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Healthcare-Products 1.0%** | **Healthcare-Products 1.0%** | **Healthcare-Products 1.0%** | **Healthcare-Products 1.0%** | **Healthcare-Products 1.0%** |
| Bausch & Lomb Corporation,<br> Initial Term Loan, 1 Month SOFR + 3.350% | 7.149 %(c) | &nbsp;&nbsp;05/10/27 | 210 | &nbsp;&nbsp; $199095 |
| ICU Medical, Inc.,<br> Tranche B Term Loan, 1 Month SOFR + 2.250% | 6.405(c) | &nbsp;&nbsp;01/08/29 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192000 |
| Mozart Borrower LP,<br> Initial Dollar Term Loan, 1 Month LIBOR + 3.250% | 7.229(c) | &nbsp;&nbsp;10/21/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94860 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485955 |
| **Healthcare-Services 3.8%** | **Healthcare-Services 3.8%** | **Healthcare-Services 3.8%** | **Healthcare-Services 3.8%** | **Healthcare-Services 3.8%** |
| Accelerated Health Systems LLC,<br> Initial Term B Loan, 3 Month SOFR + 4.400% | 7.953(c) | &nbsp;&nbsp;02/15/29 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167414 |
| Charlotte Buyer,<br> Initial Term B Loan, 1 Month SOFR + 5.250% | 9.046(c) | &nbsp;&nbsp;02/11/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142000 |
| DaVita, Inc.,<br> Term Loan, 3 Month LIBOR + 1.750% | 5.821(c) | &nbsp;&nbsp;08/12/26 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144972 |
| eResearch Technology, Inc.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 4.500% | 8.571(c) | &nbsp;&nbsp;02/04/27 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136232 |
| Global Medical Response, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2017-2 New Term Loan, 1 Month LIBOR + 4.250% | 8.321(c) | &nbsp;&nbsp;03/14/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79027 |
| &nbsp;&nbsp;&nbsp;&nbsp;2020 Term Loan, 1 Month LIBOR + 4.250% | 8.092(c) | &nbsp;&nbsp;10/02/25 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78650 |
| LifePoint Health, Inc.,<br> First Lien Term B Loan, 3 Month LIBOR + 3.750% | 8.165(c) | &nbsp;&nbsp;11/16/25 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231531 |
| Mamba Purchaser, Inc.,<br> Term Loan, 1 Month LIBOR + 3.500% | 7.516(c) | &nbsp;&nbsp;10/16/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47511 |
| Phoenix Guarantor, Inc.,<br> Tranche B-1 Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;03/05/26 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118108 |
| Radnet Management, Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 3.000% | 7.735(c) | &nbsp;&nbsp;04/23/28 | 290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281524 |
| Sound Inpatient Physicians Holdings LLC,<br> First Lien Initial Term Loan, 1 Month LIBOR + 3.000% | 7.071(c) | &nbsp;&nbsp;06/27/25 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201172 |
| Surgery Center Holdings, Inc.,<br> 2021 New Term Loan, 1 Month LIBOR + 3.750% | 7.630(c) | &nbsp;&nbsp;08/31/26 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97469 |
| U.S. Anesthesia Partners, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 4.250% | 8.018(c) | &nbsp;&nbsp;10/02/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47460 |
| WP CityMD Bidco LLC,<br> Second Amendment Refinancing Term Loan, 3 Month LIBOR + 3.250% | 6.924(c) | &nbsp;&nbsp;12/22/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74190 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1847260 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Holding Companies-Diversified 0.2%** | **Holding Companies-Diversified 0.2%** | **Holding Companies-Diversified 0.2%** | **Holding Companies-Diversified 0.2%** | **Holding Companies-Diversified 0.2%** |
| Belfor Holdings, Inc.,<br> First Lien Tranche B-2 Term Loan, 1 Month SOFR + 4.250%^ | 8.573 %(c) | &nbsp;&nbsp;04/06/26 | 100 | &nbsp;&nbsp; $99247 |
| **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** | **Home Furnishings 0.4%** |
| Osmosis Buyer Ltd., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 Incremental Delayed Draw Term B Loan | 0.000(cc) | &nbsp;&nbsp;07/31/28 | &nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21955 |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 Incremental Term B Loan | 0.000(cc) | &nbsp;&nbsp;07/31/28 | 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96600 |
| Snap One Holdings Corp.,<br> Initial Term Loan, 3 Month LIBOR + 4.500% | 8.884(c) | &nbsp;&nbsp;12/08/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68079 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186634 |
| **Household Products/Wares 0.4%** | **Household Products/Wares 0.4%** | **Household Products/Wares 0.4%** | **Household Products/Wares 0.4%** | **Household Products/Wares 0.4%** |
| Kronos Acquisition Holdings, Inc. (Canada),<br> Tranche B-1 Term Loan, 3 Month LIBOR + 3.750% | 8.485(c) | &nbsp;&nbsp;12/22/26 | 210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199294 |
| **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** | **Housewares 0.3%** |
| Lifetime Brands, Inc.,<br> Tranche B Term Loan, 1 Month LIBOR + 3.500%^ | 7.571(c) | &nbsp;&nbsp;02/28/25 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70500 |
| SWF Holdings I Corp.,<br> Initial Term Loan, 3 Month LIBOR + 4.000% | 7.602(c) | &nbsp;&nbsp;10/06/28 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97359 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167859 |
| **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** |
| Acrisure LLC,<br> 2021-1 Additional Term Loan, 1 Month LIBOR + 3.750% | 7.821(c) | &nbsp;&nbsp;02/15/27 | 349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328527 |
| AmWINS Group, Inc.,<br> Term Loan, 1 Month LIBOR + 2.250% | 6.321(c) | &nbsp;&nbsp;02/19/28 | &nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87608 |
| Asurion LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-09 Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;07/31/27 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172043 |
| &nbsp;&nbsp;&nbsp;&nbsp;New B-10 Term Loan, 3 Month SOFR + 4.100% | 7.653(c) | &nbsp;&nbsp;08/21/28 | 116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101210 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Term Loan B3, 1 Month LIBOR + 5.250% | 9.321(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;38375 |
| BroadStreet Partners, Inc.,<br> Tranche B-2 Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;01/27/27 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143918 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871681 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Internet 1.2%** | **Internet 1.2%** | **Internet 1.2%** | **Internet 1.2%** | **Internet 1.2%** |
| CMI Marketing, Inc.,<br> Term Loan B, 1 Month LIBOR + 4.250% | 8.634 %(c) | &nbsp;&nbsp;03/23/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp; $90417 |
| Go Daddy Operating Company, LLC,<br> Tranche B-5 Term Loan, 1 Month SOFR + 3.250% | 7.336(c) | &nbsp;&nbsp;11/09/29 | &nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39825 |
| MH Sub I LLC,<br> 2020 June New Term Loan, 1 Month LIBOR + 3.750% | 7.821(c) | &nbsp;&nbsp;09/13/24 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194323 |
| NortonLifeLock, Inc.,<br> Tranche B Term Loan, 1 Month SOFR + 2.100% | 6.423(c) | &nbsp;&nbsp;09/12/29 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245209 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;569774 |
| **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** | **Investment Companies 0.2%** |
| EIG Management Co. LLC,<br> Initial Term Loan, 1 Month LIBOR + 3.750%^ | 7.821(c) | &nbsp;&nbsp;02/24/25 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120618 |
| **Leisure Time 0.8%** | **Leisure Time 0.8%** | **Leisure Time 0.8%** | **Leisure Time 0.8%** | **Leisure Time 0.8%** |
| Fender Musical Instruments Corp.,<br> Initial Term Loan, 1 Month SOFR + 4.000% | 7.896(c) | &nbsp;&nbsp;12/01/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60557 |
| MajorDrive Holdings IV LLC,<br> Initial Term Loan, 3 Month LIBOR + 4.000% | 7.125(c) | &nbsp;&nbsp;06/01/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140996 |
| Recess Holdings, Inc.,<br> Initial Term Loan (First Lien), 3 Month LIBOR + 3.750% | 8.165(c) | &nbsp;&nbsp;09/30/24 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194483 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396036 |
| **Lodging 0.7%** | **Lodging 0.7%** | **Lodging 0.7%** | **Lodging 0.7%** | **Lodging 0.7%** |
| Caesars Resort Collection LLC,<br> Term B Loan, 1 Month LIBOR + 2.750% | 6.821(c) | &nbsp;&nbsp;12/23/24 | &nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59989 |
| Fertitta Entertainment LLC,<br> Initial B Term Loan, 1 Month SOFR + 4.000% | 8.086(c) | &nbsp;&nbsp;01/26/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71247 |
| Four Seasons Hotels Ltd. (Canada),<br> Term Loan | 7.124(cc) | &nbsp;&nbsp;11/30/29 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49896 |
| Spectacle Gary Holdings LLC,<br> Term Loan B, 1 Month LIBOR + 4.250% | 8.321(c) | &nbsp;&nbsp;12/11/28 | 173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166105 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347237 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **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%** |
| Vertiv Group Corp.,<br> Term B Loan, 1 Month LIBOR + 2.750% | 6.555 %(c) | &nbsp;&nbsp;03/02/27 | &nbsp;&nbsp;99 | &nbsp;&nbsp; $96935 |
| **Machinery-Diversified 2.2%** | **Machinery-Diversified 2.2%** | **Machinery-Diversified 2.2%** | **Machinery-Diversified 2.2%** | **Machinery-Diversified 2.2%** |
| ASP Blade Holdings, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 4.000% | 7.674(c) | &nbsp;&nbsp;10/13/28 | 135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110294 |
| Clark Equipment Co. (South Korea),<br> Tranche B Term Loan, 3 Month SOFR + 2.600% | 6.153(c) | &nbsp;&nbsp;04/20/29 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244888 |
| Columbus McKinnon Corp.,<br> Initial Term Loan, 3 Month LIBOR + 2.750% | 6.438(c) | &nbsp;&nbsp;05/15/28 | &nbsp;&nbsp;72 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70755 |
| CPM Holdings, Inc.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 3.500% | 7.268(c) | &nbsp;&nbsp;11/17/25 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73269 |
| DXP Enterprises, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 4.750% | 5.750(c) | &nbsp;&nbsp;12/23/27 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47406 |
| Gardner Denver, Inc.,<br> New Tranche B-1 Dollar Term Loan, 1 Month SOFR + 1.850% | 5.936(c) | &nbsp;&nbsp;03/01/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73700 |
| Hyster-Yale Group, Inc.,<br> Term loan B Facility, 1 Month LIBOR + 3.500%^ | 7.571(c) | &nbsp;&nbsp;05/26/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90500 |
| Pro Mach Group, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 4.000% | 8.071(c) | &nbsp;&nbsp;08/31/28 | &nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59915 |
| Project Castle, Inc.,<br> Intial Term Loan, 3 Month SOFR + 5.500%^ | 9.053(c) | &nbsp;&nbsp;06/01/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61125 |
| Titan Acquisition Ltd. (Canada),<br> Initial Term Loan, 6 Month LIBOR + 3.000% | 5.877(c) | &nbsp;&nbsp;03/28/25 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117292 |
| Vertical Midco Gmbh (Germany),<br> Term Loan B, 6 Month LIBOR + 3.500% | 6.871(c) | &nbsp;&nbsp;07/30/27 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95241 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044385 |
| **Media 4.0%** | **Media 4.0%** | **Media 4.0%** | **Media 4.0%** | **Media 4.0%** |
| Charter Communications Operating LLC,<br> Term Loan B2, 1 Month LIBOR + 1.750% | 5.830(c) | &nbsp;&nbsp;02/01/27 | 323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314961 |
| CSC Holdings LLC,<br> September 2019 Term Loan, 1 Month LIBOR + 2.500% | 6.373(c) | &nbsp;&nbsp;04/15/27 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116679 |
| Diamond Sports Group LLC,<br> Second Lien Term loan, 1 Month SOFR + 3.350% | 7.144(c) | &nbsp;&nbsp;08/24/26 | 398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63430 |
| Entercom Media Corp.,<br> Term Loan B-2, 1 Month LIBOR + 2.500% | 6.544(c) | &nbsp;&nbsp;11/18/24 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55232 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** | **Media (cont'd.)** |
| iHeartCommunications, Inc.,<br> New Term Loan, 1 Month LIBOR + 3.000% | 7.071 %(c) | &nbsp;&nbsp;05/01/26 | 280 | &nbsp;&nbsp; $261917 |
| Radiate Holdco LLC,<br> Amendment No. 6 Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;09/25/26 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261129 |
| Sinclair Television Group, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan B-3, 1 Month LIBOR + 3.000% | 7.080(c) | &nbsp;&nbsp;04/01/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term Loan B-4, 1 Month SOFR + 3.850% | 7.936(c) | &nbsp;&nbsp;04/21/29 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142547 |
| Univision Communications, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022 Incremental First-Lien Term Loan, 3 Month SOFR + 4.250% | 7.790(c) | &nbsp;&nbsp;06/24/29 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial First Lien Term Loan, 1 Month LIBOR + 3.250% | 7.321(c) | &nbsp;&nbsp;01/31/29 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290983 |
| WideOpenWest Finance LLC,<br> Term B Loan, 3 Month SOFR + 3.000% | 6.489(c) | &nbsp;&nbsp;12/20/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194470 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1937782 |
| **Metal Fabricate/Hardware 1.4%** | **Metal Fabricate/Hardware 1.4%** | **Metal Fabricate/Hardware 1.4%** | **Metal Fabricate/Hardware 1.4%** | **Metal Fabricate/Hardware 1.4%** |
| AZZ, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.350% | 8.673(c) | &nbsp;&nbsp;05/11/29 | 366 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;364416 |
| Crosby U.S. Acquisition Corp.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 4.750% | 8.707(c) | &nbsp;&nbsp;06/26/26 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93368 |
| Grinding Media, Inc.,<br> First Lien Initial Term Loan, 1 Month LIBOR + 4.000%^ | 7.516(c) | &nbsp;&nbsp;10/12/28 | &nbsp;&nbsp;87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79660 |
| WireCo WorldGroup, Inc.,<br> Initial Term Loan, 3 Month LIBOR + 4.250% | 8.938(c) | &nbsp;&nbsp;11/13/28 | 147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142956 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;680400 |
| **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** | **Miscellaneous Manufacturing 0.5%** |
| Gates Global LLC,<br> Initial B-4 Dollar Term Loan | 0.000(cc) | &nbsp;&nbsp;11/16/29 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245375 |
| **Oil & Gas 1.3%** | **Oil & Gas 1.3%** | **Oil & Gas 1.3%** | **Oil & Gas 1.3%** | **Oil & Gas 1.3%** |
| Apro LLC,<br> Replacement Term Loan, 3 Month LIBOR + 3.750% | 6.895(c) | &nbsp;&nbsp;11/14/26 | 175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168728 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** | **Oil & Gas (cont'd.)** |
| Citgo Petroleum Corp.,<br> 2019 Incremental Term B Loan, 1 Month LIBOR + 6.250% | 10.321 %(c) | &nbsp;&nbsp;03/28/24 | 144 | &nbsp;&nbsp; $144308 |
| Delek U.S. Holdings, Inc.,<br> Term Loan, 1 Month LIBOR + 2.250% | &nbsp;&nbsp;6.004(c) | &nbsp;&nbsp;03/31/25 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296486 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;609522 |
| **Packaging & Containers 3.0%** | **Packaging & Containers 3.0%** | **Packaging & Containers 3.0%** | **Packaging & Containers 3.0%** | **Packaging & Containers 3.0%** |
| Berry Global, Inc.,<br> Term Z Loan, 1 Month LIBOR + 1.750% | &nbsp;&nbsp;5.629(c) | &nbsp;&nbsp;07/01/26 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73768 |
| BWay Holding Co.,<br> Initial Term Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.018(c) | &nbsp;&nbsp;04/03/24 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96342 |
| Charter Next Generation, Inc.,<br> Refinancing 2021 Term Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;12/01/27 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121270 |
| Clydesdale Acquisition Holdings, Inc.,<br> Term B Loan, 1 Month SOFR + 4.275% | &nbsp;&nbsp;8.361(c) | &nbsp;&nbsp;04/13/29 | 140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134302 |
| Graham Packaging Co., Inc.,<br> New Term Loan, 1 Month LIBOR + 3.000% | &nbsp;&nbsp;7.071(c) | &nbsp;&nbsp;08/04/27 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97143 |
| LABL, Inc.,<br> Initial Dollar Term Loan, 1 Month LIBOR + 5.000% | &nbsp;&nbsp;9.071(c) | &nbsp;&nbsp;10/30/28 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142242 |
| Pactiv Evergreen Group Holdings, Inc.,<br> Tranche B-3 U.S. Term Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;09/25/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98104 |
| Pregis Topco LLC,<br> First Lien Initial Term Loan, 1 Month SOFR + 4.000% | &nbsp;&nbsp;8.201(c) | &nbsp;&nbsp;07/31/26 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47677 |
| Pregis TopCo LLC,<br> Facility Incremental Amendment No. 3, 1 Month LIBOR + 4.000% | &nbsp;&nbsp;8.071(c) | &nbsp;&nbsp;07/31/26 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71937 |
| Pretium PKG Holdings, Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 4.000% | &nbsp;&nbsp;7.496(c) | &nbsp;&nbsp;10/02/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166947 |
| Proampac PG Borrower LLC,<br> Term Loan, 6 Month LIBOR + 3.750% | &nbsp;&nbsp;7.959(c) | &nbsp;&nbsp;11/03/25 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95945 |
| Reynolds Group Holdings, Inc.,<br> Tranche B-2 US Term Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;02/05/26 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97976 |
| Trident TPI Holdings, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Tranche B-3 Delayed Draw Term Loan, 3 Month LIBOR + 4.000% | &nbsp;&nbsp;7.674(c) | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16340 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** | **Packaging & Containers (cont'd.)** |
| Trident TPI Holdings, Inc., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Tranche B-3 Initial Term Loan, 3 Month LIBOR + 4.000% | 7.674 %(c) | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;87 | &nbsp;&nbsp; $83373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tranche B-1 Term Loan, 3 Month LIBOR + 3.250% | 6.924(c) | &nbsp;&nbsp;10/17/24 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98498 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1441864 |
| **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** |
| Amneal Pharmaceuticals LLC,<br> Initial Term Loan, 1 Month LIBOR + 3.500% | 8.250(c) | &nbsp;&nbsp;05/04/25 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226623 |
| Bausch Health Cos., Inc.,<br> Second Amendment Term Loan, 1 Month SOFR + 5.350% | 9.146(c) | &nbsp;&nbsp;02/01/27 | 123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91220 |
| Gainwell Acquisition Corp.,<br> Term B Loan, 3 Month LIBOR + 4.000% | 7.674(c) | &nbsp;&nbsp;10/01/27 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243321 |
| Milk Specialties Co.,<br> 2021 Refinancing Term Loan, 3 Month LIBOR + 4.000% | 7.674(c) | &nbsp;&nbsp;08/15/25 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122738 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683902 |
| **Pipelines 1.1%** | **Pipelines 1.1%** | **Pipelines 1.1%** | **Pipelines 1.1%** | **Pipelines 1.1%** |
| AL GCX Holdings LLC,<br> Initial Term Loans, 3 Month SOFR + 3.900% | 7.565(c) | &nbsp;&nbsp;05/17/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74064 |
| BCP Renaissance Parent LLC,<br> Term Loan B-3, 3 Month SOFR + 3.500% | 7.053(c) | &nbsp;&nbsp;11/02/26 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147304 |
| Prairie ECI Acquiror, LP,<br> Initial Term Loan, 1 Month LIBOR + 4.750% | 8.821(c) | &nbsp;&nbsp;03/11/26 | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290063 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511431 |
| **Real Estate 1.1%** | **Real Estate 1.1%** | **Real Estate 1.1%** | **Real Estate 1.1%** | **Real Estate 1.1%** |
| Brookfield Property REIT, Inc.,<br> Initial Term B Loan, 1 Month SOFR + 2.500% | 6.686(c) | &nbsp;&nbsp;08/27/25 | 346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341336 |
| Cushman & Wakefield PLC,<br> Replacement Term Loan, 1 Month LIBOR + 2.750% | 6.821(c) | &nbsp;&nbsp;08/21/25 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194834 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536170 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Real Estate Investment Trusts (REITs) 1.5%** | **Real Estate Investment Trusts (REITs) 1.5%** | **Real Estate Investment Trusts (REITs) 1.5%** | **Real Estate Investment Trusts (REITs) 1.5%** | **Real Estate Investment Trusts (REITs) 1.5%** |
| Blackstone Mortgage Trust, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Term Loan B, 1 Month LIBOR + 2.750% | 6.821 %(c) | &nbsp;&nbsp;04/23/26 | 100 | &nbsp;&nbsp; $97378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Term B-4 Loan, 1 Month SOFR + 3.500%^ | 7.586(c) | &nbsp;&nbsp;05/09/29 | 280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272512 |
| StarWood Property Mortgage LLC,<br> Initial Term Loan, 1 Month LIBOR + 2.500% | 6.571(c) | &nbsp;&nbsp;07/26/26 | 350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343875 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713765 |
| **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** |
| Dave & Buster's, Inc.,<br> Term B Loan, 1 Month SOFR + 5.000% | 9.188(c) | &nbsp;&nbsp;06/29/29 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197632 |
| EG America LLC (United Kingdom), |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional Facility Loan, 3 Month LIBOR + 4.000% | 7.674(c) | &nbsp;&nbsp;02/07/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90692 |
| &nbsp;&nbsp;&nbsp;&nbsp;Project Becker Additional Facility, 3 Month LIBOR + 4.250% | 7.924(c) | &nbsp;&nbsp;03/31/26 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91250 |
| Empire Today LLC,<br> Closing Date Term Loan, 1 Month LIBOR + 5.000% | 8.879(c) | &nbsp;&nbsp;04/03/28 | 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92827 |
| Fogo de Chao, Inc.,<br> 2018 Refinancing Term Loan, 1 Month LIBOR + 4.250% | 8.321(c) | &nbsp;&nbsp;04/07/25 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116979 |
| Foundation Building Materials, Inc.,<br> Initial Term Loan (First Lien), 3 Month LIBOR + 3.250% | 7.665(c) | &nbsp;&nbsp;01/31/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94383 |
| Great Outdoors Group LLC,<br> Term B-2 Loan, 1 Month LIBOR + 3.750% | 7.821(c) | &nbsp;&nbsp;03/06/28 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239077 |
| LBM Acquisition LLC,<br> First Lien Initial Term Loan, 6 Month LIBOR + 3.750% | 7.121(c) | &nbsp;&nbsp;12/17/27 | 274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235335 |
| Park River Holdings, Inc.,<br> Intial Term Loan, 3 Month LIBOR + 3.250% | 6.993(c) | &nbsp;&nbsp;12/28/27 | 174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150276 |
| Petco Health & Wellness Co., Inc.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 3.250% | 6.924(c) | &nbsp;&nbsp;03/03/28 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290011 |
| Pilot Travel Centers LLC,<br> Initital Tranche B Term Loan, 1 Month SOFR + 2.100% | 6.186(c) | &nbsp;&nbsp;08/04/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48857 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** | **Retail (cont'd.)** |
| SRS Distribution, Inc.,<br> 2021 Refinancing Term Loan, 1 Month LIBOR + 3.500% | &nbsp;&nbsp;7.571 %(c) | &nbsp;&nbsp;06/02/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp; $95314 |
| White Cap Buyer LLC,<br> Initial Closing Date Term Loan, 1 Month SOFR + 3.750% | &nbsp;&nbsp;7.836(c) | &nbsp;&nbsp;10/19/27 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95657 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1838290 |
| **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** | **Semiconductors 0.3%** |
| Altar Bidco, Inc.,<br> Initial Term Loan, 12 Month SOFR + 3.100% | &nbsp;&nbsp;5.500(c) | &nbsp;&nbsp;02/01/29 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94040 |
| Natel Engineering Co., Inc.,<br> Initial Term Loan, 6 Month LIBOR + 6.250% | 10.420(c) | &nbsp;&nbsp;04/30/26 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45870 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139910 |
| **Software 6.8%** | **Software 6.8%** | **Software 6.8%** | **Software 6.8%** | **Software 6.8%** |
| AppLovin Corp.,<br> Cov-Lite Tlb, 3 Month LIBOR + 3.000% | &nbsp;&nbsp;6.674(c) | &nbsp;&nbsp;10/25/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139931 |
| athenahealth, Inc.,<br> Initial Term Loan, 1 Month SOFR + 3.500% | &nbsp;&nbsp;7.411(c) | &nbsp;&nbsp;02/15/29 | 171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155478 |
| Boxer Parent Co., Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 Replacement Dollar Term Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;10/02/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Second Lien Incremental Term Loan, 1 Month LIBOR + 5.500% | &nbsp;&nbsp;9.571(c) | &nbsp;&nbsp;02/27/26 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114340 |
| Bracket Intermediate Holding Corp.,<br> First Lien Initial Term Loan, 3 Month LIBOR + 4.250% | &nbsp;&nbsp;7.991(c) | &nbsp;&nbsp;09/05/25 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95751 |
| CDK Global, Inc.,<br> Initial Term Loan, 3 Month SOFR + 4.500% | &nbsp;&nbsp;8.112(c) | &nbsp;&nbsp;07/06/29 | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271459 |
| Cloudera, Inc.,<br> Term Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;10/08/28 | 290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273597 |
| ConnectWise LLC,<br> Initial Term Loan, 3 Month LIBOR + 3.500% | &nbsp;&nbsp;7.174(c) | &nbsp;&nbsp;09/29/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47660 |
| Cornerstone OnDemand, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;10/16/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177554 |
| CT Technologies Intermediate Holdings, Inc.,<br> Term Loan 2021 Reprice, 1 Month LIBOR + 4.250% | &nbsp;&nbsp;8.321(c) | &nbsp;&nbsp;12/16/25 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68931 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** | **Software (cont'd.)** |
| Dun & Bradstreet Corp.,<br> 2022 Incremental Term B-2 Loans, 1 Month SOFR + 3.250% | &nbsp;&nbsp;7.305 %(c) | &nbsp;&nbsp;01/18/29 | 249 | &nbsp;&nbsp; $245217 |
| EagleView Technology Corp.,<br> First Lien Term Loan, 3 Month LIBOR + 3.500% | &nbsp;&nbsp;7.174(c) | &nbsp;&nbsp;08/14/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88593 |
| Finastra USA, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dollar Term Loan (Second Lien), 3 Month LIBOR + 7.250% | 10.621(c) | &nbsp;&nbsp;06/13/25 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76625 |
| &nbsp;&nbsp;&nbsp;&nbsp;First Lien Dollar Term Loan, 6 Month LIBOR + 3.500% | &nbsp;&nbsp;6.871(c) | &nbsp;&nbsp;06/13/24 | 448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404106 |
| Greeneden U.S. Holdings II LLC,<br> B-4 Dollar Term Loan, 1 Month LIBOR + 4.000% | &nbsp;&nbsp;8.071(c) | &nbsp;&nbsp;12/01/27 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72312 |
| HS Purchaser LLC,<br> First Lien 7th Amendment Refinancing Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;8.194(c) | &nbsp;&nbsp;11/19/26 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67081 |
| MH Sub I LLC,<br> Amendment No. 2 Initial Term Loan (First Lien), 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;09/13/24 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72668 |
| Open Text Corp. (Canada),<br> Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;—(p) | &nbsp;&nbsp;11/30/29 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72750 |
| Polaris Newco LLC,<br> First Lien Dollar Term Loan, 3 Month LIBOR + 4.000% | &nbsp;&nbsp;7.674(c) | &nbsp;&nbsp;06/02/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181685 |
| Rackspace Technology Global, Inc.,<br> Term B Loan, 3 Month LIBOR + 2.750% | &nbsp;&nbsp;7.380(c) | &nbsp;&nbsp;02/15/28 | &nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53513 |
| Red Planet Borrower LLC,<br> First Lien Initial Term Loan, 1 Month LIBOR + 3.750% | &nbsp;&nbsp;7.821(c) | &nbsp;&nbsp;10/02/28 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59130 |
| Renaissance Holding Corp.,<br> First Lien Second Incremental Term Loan, 1 Month SOFR + 4.500% | &nbsp;&nbsp;8.717(c) | &nbsp;&nbsp;04/01/27 | 117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111893 |
| Skillsoft Finance II, Inc.,<br> Initial Term Loan, 1 Month SOFR + 5.364% | &nbsp;&nbsp;9.158(c) | &nbsp;&nbsp;07/14/28 | 189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156120 |
| SolarWinds Holdings, Inc.,<br> 2022 Refinancing Term Loan, 1 Month SOFR + 4.000% | &nbsp;&nbsp;7.811(c) | &nbsp;&nbsp;02/05/27 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49125 |
| Sovos Compliance LLC,<br> First Lien Initial Term Loan, 1 Month LIBOR + 4.500% | &nbsp;&nbsp;8.571(c) | &nbsp;&nbsp;08/11/28 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97094 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3247710 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Telecommunications 8.4%** | **Telecommunications 8.4%** | **Telecommunications 8.4%** | **Telecommunications 8.4%** | **Telecommunications 8.4%** |
| CCI Buyer, Inc.,<br> First Lien Initial Term Loan, 3 Month SOFR + 4.000% | &nbsp;&nbsp;7.553 %(c) | &nbsp;&nbsp;12/17/27 | 249 | &nbsp;&nbsp; $240458 |
| Cincinnati Bell, Inc.,<br> Term B-2 Loan, 1 Month SOFR + 3.350% | &nbsp;&nbsp;7.436(c) | &nbsp;&nbsp;11/22/28 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293571 |
| CommScope, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;04/06/26 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71519 |
| Connect Finco Sarl (United Kingdom),<br> Amendment No. 1 Refinancing Term Loan, 1 Month LIBOR + 3.500% | &nbsp;&nbsp;7.580(c) | &nbsp;&nbsp;12/11/26 | 179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176808 |
| Consolidated Communications, Inc.,<br> Term B-1 Loan, 1 Month LIBOR + 3.500% | &nbsp;&nbsp;7.625(c) | &nbsp;&nbsp;10/02/27 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87401 |
| Crown Subsea Communications Holding, Inc.,<br> Initial Term Loan, 1 Month LIBOR + 4.750% | &nbsp;&nbsp;8.518(c) | &nbsp;&nbsp;04/27/27 | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243125 |
| Digicel International Finance Ltd. (Saint Lucia),<br> First Lien Initial Term B Loan, 1 Month LIBOR + 3.250% | &nbsp;&nbsp;7.321(c) | &nbsp;&nbsp;05/27/24 | 279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236200 |
| Global Tel Link Corp.,<br> First Lien Term Loan, 3 Month LIBOR + 4.250% | &nbsp;&nbsp;8.477(c) | &nbsp;&nbsp;11/29/25 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85705 |
| Gogo Intermediate Holdings LLC,<br> Initial Term Loan, 3 Month LIBOR + 3.750% | &nbsp;&nbsp;8.165(c) | &nbsp;&nbsp;04/30/28 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147663 |
| Intelsat Jackson Holdings SA (Luxembourg),<br> Term B Loan, 6 Month SOFR + 4.500% | &nbsp;&nbsp;7.445(c) | &nbsp;&nbsp;02/01/29 | 297 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286113 |
| Iridium Satellite LLC,<br> Term B-2 Loan, 1 Month LIBOR + 2.500% | &nbsp;&nbsp;6.571(c) | &nbsp;&nbsp;11/04/26 | &nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95330 |
| Maxar Technologies, Inc.,<br> Term Loan, 1 Month SOFR + 4.250% | &nbsp;&nbsp;8.673(c) | &nbsp;&nbsp;06/14/29 | 249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239946 |
| MLN US Holdco LLC, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 6 Month SOFR + 6.440% | 10.894(c) | &nbsp;&nbsp;10/18/27 | &nbsp;&nbsp;22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 6 Month SOFR + 6.700% | 11.254(c) | &nbsp;&nbsp;10/18/27 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term Loan, 6 Month SOFR + 9.250%^ | 13.704(c) | &nbsp;&nbsp;10/18/27 | &nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600 |
| ORBCOMM, Inc.,<br> Closing Date Term Loan, 1 Month LIBOR + 4.250% | &nbsp;&nbsp;8.985(c) | &nbsp;&nbsp;09/01/28 | 199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172316 |
| Patagonia Holdco LLC,<br> Initial Term Loan, 3 Month SOFR + 5.750% | &nbsp;&nbsp;9.960(c) | &nbsp;&nbsp;08/01/29 | 240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190800 |
| Securus Technologies Holdings, Inc.,<br> Initial Term Loan (First Lien), 3 Month LIBOR + 4.500% | &nbsp;&nbsp;8.174(c) | &nbsp;&nbsp;11/01/24 | &nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83561 |
| Viasat, Inc.,<br> Initial Term Loan, 1 Month SOFR + 4.614% | &nbsp;&nbsp;8.701(c) | &nbsp;&nbsp;03/02/29 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314555 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** | **Floating Rate and other Loans (Continued)** |
| **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** | **Telecommunications (cont'd.)** |
| West Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental B1 Term Loan, 3 Month LIBOR + 3.500% | 7.195 %(c) | &nbsp;&nbsp;10/10/24 | &nbsp;&nbsp;30 | &nbsp;&nbsp; $27024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Initial Term B Loan, 3 Month LIBOR + 4.000% | 8.415(c) | &nbsp;&nbsp;10/10/24 | 325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297310 |
| Xplornet Communications, Inc. (Canada),<br> First Lien Refinancing Term Loan, 1 Month LIBOR + 4.000% | 8.071(c) | &nbsp;&nbsp;10/02/28 | 299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242780 |
| Zacapa Sarl (Luxembourg),<br> Initial Term Loan 2022, 3 Month SOFR + 4.250% | 7.803(c) | &nbsp;&nbsp;03/22/29 | 324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311238 |
| Zayo Group Holdings, Inc.,<br> Term Loan, 1 Month LIBOR + 3.000% | 7.071(c) | &nbsp;&nbsp;03/09/27 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112711 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4019890 |
| **Textiles 0.3%** | **Textiles 0.3%** | **Textiles 0.3%** | **Textiles 0.3%** | **Textiles 0.3%** |
| ASP Unifrax Holdings, Inc.,<br> USD Term Loan (First Lien), 1 Month LIBOR + 3.750% | 7.424(c) | &nbsp;&nbsp;12/12/25 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135888 |
| **Transportation 1.0%** | **Transportation 1.0%** | **Transportation 1.0%** | **Transportation 1.0%** | **Transportation 1.0%** |
| Daseke Cos., Inc.,<br> Term Loan, 1 Month LIBOR + 4.000% | 8.020(c) | &nbsp;&nbsp;03/09/28 | &nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60124 |
| First Student Bidco, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term Loan B, 3 Month SOFR + 4.100% | 7.653(c) | &nbsp;&nbsp;07/21/28 | 164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156034 |
| &nbsp;&nbsp;&nbsp;&nbsp;Incremental Term Loan C, 3 Month SOFR + 4.100% | 7.653(c) | &nbsp;&nbsp;07/21/28 | &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10836 |
| LaserShip, Inc.,<br> First Lien Initial Term Loan, 6 Month LIBOR + 4.500% | 7.377(c) | &nbsp;&nbsp;05/07/28 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38605 |
| PODS LLC,<br> Term Loan, 1 Month LIBOR + 3.000% | 7.071(c) | &nbsp;&nbsp;03/31/28 | &nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71065 |
| Savage Enterprises LLC,<br> Term Loan B, 1 Month LIBOR + 3.250% | 7.300(c) | &nbsp;&nbsp;09/15/28 | &nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72251 |
| XPO Logistics, Inc.,<br> Refinancing Term Loan, 1 Month LIBOR + 1.750% | 5.597(c) | &nbsp;&nbsp;02/24/25 | &nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49639 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;458554 |
| **Total Floating Rate and other Loans<br> (cost $40,179,375)** | **Total Floating Rate and other Loans<br> (cost $40,179,375)** | **Total Floating Rate and other Loans<br> (cost $40,179,375)** | **Total Floating Rate and other Loans<br> (cost $40,179,375)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39389908 |
| **Total Long-Term Investments<br> (cost $47,903,336)** | **Total Long-Term Investments<br> (cost $47,903,336)** | **Total Long-Term Investments<br> (cost $47,903,336)** | **Total Long-Term Investments<br> (cost $47,903,336)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47109806 |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Short-Term Investment 10.3%** | **Short-Term Investment 10.3%** | **Short-Term Investment 10.3%** |
| **Unaffiliated Fund** |  |  |
| Dreyfus Government Cash Management (Institutional Shares)<br> (cost $4,950,321) | 4950321 | &nbsp;&nbsp; $4950321 |
| **TOTAL INVESTMENTS 108.3%<br> (cost $52,853,657)** | **TOTAL INVESTMENTS 108.3%<br> (cost $52,853,657)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52060127 |
| Liabilities in excess of other assets(z) (8.3)% | Liabilities in excess of other assets(z) (8.3)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3998419) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$48061708 |

---

------

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

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| CLO—Collateralized Loan Obligation |
| LIBOR—London Interbank Offered Rate |
| LP—Limited Partnership |
| REITs—Real Estate Investment Trust |
| SOFR—Secured Overnight Financing Rate |
| SONIA—Sterling Overnight Index Average |

---

---

| | |
|:---|:---|
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $1,479,069 and 3.1% of net assets. |
| (c) | Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2022. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (ff) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
| (oo) | Perpetual security. Maturity date represents next call date. |
| (p) | Represents a security with a delayed settlement and therefore the interest rate is not available until settlement which is after the period end. |
| (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, 2022 :

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Principal<br> Amount<br> (000)#** | **Current<br> Value** | **Unrealized<br> Appreciation** | **Unrealized<br> Depreciation** |
| athenaHealth Group Inc, Initial Delayed Draw Loan, SONIA + 3.500%, 3.500%(c), Maturity Date 02/15/29 (cost $27,900) | 29 | $26418 | $— | $(1481) |
| VT Topco Inc, First Lien 2021 Delayed Draw Loan, 1 Month LIBOR + 3.750%, 5.786%(c), Maturity Date 08/01/25 (cost $2,053) | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;2035 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) |
|  |  | $28453 | $— | $(1500) |

---

------

### PGIM Floating Rate Income ETF

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 8 | 5 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp; $868563 | $(4260) |
| 9 | 10 Year U.S. Treasury Notes | Mar. 2023 | &nbsp;&nbsp;&nbsp;1021500 | &nbsp;&nbsp;&nbsp;&nbsp;(6965) |
|  |  |  |  | $(11225) |

---

*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:** 1-800-225-1852

**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:** 2023-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $69127149.20

**Total Liabilities:** $21067165.92

**Net Assets:** $48059983.28

**Cash Not Reported:** $847780.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 707.69020000 | **5-Year:** 1690.75515000 | **10-Year:** 781.73300000 | **30-Year:** 21.48662000

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

- **3-Month:** 7.79553000 | **1-Year:** 4531.97028000 | **5-Year:** 5070.70353000 | **10-Year:** 58.90428000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234636 | -2.32%               | 0.82%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2036.06                 | $-1055658.51                               |
| Month 2  | $-17699.91               | $93038.84                                  |
| Month 3  | $-4172.06                | $419651.74                                 |

**Designated Index Information**

- **Index Name:** CS LEV LOAN TOTAL RETURN

- **Index Identifier:** CSLLLTOT Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Packers Holdings LLC                        | PACKERS HOLDINGS 03/09/28                                                       | CUSIP: 69519UAF9<br>LEI: 549300X0L6OJNRPME518 | Long             | LON              | CORP              | US        |     74627 | PA      | $64925.82     | 0.14%             | 2028-03-09      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                    | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62296.18     | 0.13%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TK Elevator US Newco Inc                    | TK ELEVATOR MIDC 07/30/27                                                       | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |     21878 | PA      | $20941.71     | 0.04%             | 2027-07-31      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp      | MAVIS TIRE EXPRE 05/04/28                                                       | CUSIP: 57777YAB2<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    199622 | PA      | $191708.54    | 0.40%             | 2028-05-04      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTER'S INC                         | Dave & Buster's Inc                                                             | CUSIP: 23833EAV6<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    124377 | PA      | $123288.27    | 0.26%             | 2029-06-29      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Domtar Corp                                 | DOMTAR 10/01/28                                                                 | CUSIP: 25755FAK6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | LON              | CORP              | US        |     19417 | PA      | $18898.94     | 0.04%             | 2028-11-30      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| Cowen Inc                                   | COWEN INC 03/24/28                                                              | CUSIP: 22362KAB7<br>LEI: 5493008QI0EFC5WBED75 | Long             | LON              | CORP              | US        |    346635 | PA      | $344468.96    | 0.72%             | 2028-03-24      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDIN 04/21/28                   | HIGHTOWER HOLDIN 04/21/28                                                       | CUSIP: 43117LAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74623 | PA      | $69586.06     | 0.14%             | 2028-04-21      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| eResearchTechnology Inc                     | ERESEARCH TECHNO 02/04/27                                                       | CUSIP: 29481PAH4<br>LEI: 2549003SUFVGC903CK03 | Long             | LON              | CORP              | US        |    149364 | PA      | $136231.95    | 0.28%             | 2027-02-04      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS, 09/30/24                   | RECESS HOLDINGS, 09/30/24                                                       | CUSIP: 72811HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    139738 | PA      | $136418.78    | 0.28%             | 2024-09-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Patagonia Holdco LLC                        | PATAGONIA H 08/01/29                                                            | CUSIP: 70289FAD3<br>LEI: 254900OLXUIWWEAJZ984 | Long             | LON              | CORP              | US        |    150000 | PA      | $119250.00    | 0.25%             | 2029-08-01      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                         | LBM ACQUISITION 12/17/27                                                        | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    224496 | PA      | $192645.46    | 0.40%             | 2027-12-18      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC    | AMENTUM GOVERNME 02/15/29                                                       | CUSIP: 57776DAE3<br>LEI: 5493008CT6B5L54YSE94 | Long             | LON              | CORP              | US        |    118987 | PA      | $117053.66    | 0.24%             | 2029-02-15      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                               | APPLOVIN CORP 10/25/28                                                          | CUSIP: 03835EAF1<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | LON              | CORP              | US        |    149499 | PA      | $139930.83    | 0.29%             | 2028-10-25      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                    | GREAT OUTDOORS G 03/06/28                                                       | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    249120 | PA      | $239077.14    | 0.50%             | 2028-03-05      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES 03/31/29                   | SCIENTIFIC GAMES 03/31/29                                                       | CUSIP: 80875CAB3<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    300000 | PA      | $286875.00    | 0.60%             | 2029-04-04      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC               | SMYRNA READY MIX 03/24/29                                                       | CUSIP: 000000000<br>LEI: 549300S7RFWHQFOIOY93 | Long             | LON              | CORP              | US        |     99750 | PA      | $97755.00     | 0.20%             | 2029-04-01      | Floating      | 8.38%                 | No            |                  3 | On Loan: No      |
| Sinclair Television Group Inc               | SINCLAIR TELEVIS 04/01/28                                                       | CUSIP: 82925BAF2<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |    199495 | PA      | $187307.01    | 0.39%             | 2028-04-01      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| J&J Ventures Gaming LLC                     | J&J VENTURES GAM 04/26/28                                                       | CUSIP: 46604BAB4<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |    149434 | PA      | $143456.83    | 0.30%             | 2028-04-26      | Floating      | 8.05%                 | No            |                  3 | On Loan: No      |
| Golden Entertainment Inc                    | GOLDEN ENTERTAIN 10/21/24                                                       | CUSIP: 38101JAC0<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | LON              | CORP              | US        |    125000 | PA      | $123750.00    | 0.26%             | 2024-10-20      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| University Support Services LLC             | UNIVERSITY SUPPO 02/10/29                                                       | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      8559 | PA      | $8302.07      | 0.02%             | 2029-02-10      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Connect Finco SARL                          | CONNECT FINCO SA 12/11/26                                                       | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |    104464 | PA      | $103027.90    | 0.21%             | 2026-12-12      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | PACTIV EVERGREEN 09/17/28                                                       | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |      9872 | PA      | $9734.28      | 0.02%             | 2028-09-24      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| ASP Blade Holdings Inc                      | ASP BLADE HOLDIN 10/13/28                                                       | CUSIP: 00217HAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    134504 | PA      | $110293.59    | 0.23%             | 2028-10-15      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| HRNI HOLDINGS LLC                           | HRNI Holdings LLC                                                               | CUSIP: 000000000<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |    100000 | PA      | $96000.00     | 0.20%             | 2028-12-10      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| ORBCOMM Inc                                 | ORBCOMM 06/17/28                                                                | CUSIP: 68558RAB9<br>LEI: 529900PSC8WVCY267I23 | Long             | LON              | CORP              | US        |     98741 | PA      | $85287.69     | 0.18%             | 2028-09-01      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco LLC                          | RADIATE HOLDCO L 09/25/26                                                       | CUSIP: 75025KAH1<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |    299373 | PA      | $261128.48    | 0.54%             | 2026-09-25      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 060505FP4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236824.38    | 0.49%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     52402 | PA      | $47991.10     | 0.10%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Clark Equipment Co                          | DOOSAN (CLARKE E 04/01/29                                                       | CUSIP: 18143EAK5<br>LEI: 549300X1FKNY520VPF71 | Long             | LON              | CORP              | US        |    249250 | PA      | $244888.13    | 0.51%             | 2029-04-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Recess Holdings Inc                         | RECESS HOLDINGS, 09/30/24                                                       | CUSIP: 72811HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4908 | PA      | $4791.84      | 0.01%             | 2024-09-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC    | AMENTUM 02/15/29                                                                | CUSIP: 57776DAE3<br>LEI: 5493008CT6B5L54YSE94 | Long             | LON              | CORP              | US        |    105700 | PA      | $103982.67    | 0.22%             | 2029-02-15      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group Inc               | SINCLAIR TV GRP 04/21/29                                                        | CUSIP: 82925BAG0<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |    150000 | PA      | $142546.80    | 0.30%             | 2029-04-21      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                    | IHEARTCOMMUNICAT 05/01/26                                                       | CUSIP: 45174UAF5<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |    280000 | PA      | $261916.76    | 0.54%             | 2026-05-01      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| CMG Media Corp                              | TERRIER MEDIA BU 12/17/26                                                       | CUSIP: 88145LAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84570 | PA      | $78526.44     | 0.16%             | 2026-12-17      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Natel Engineering Co Inc                    | NATEL ENGINEERIN 04/30/26                                                       | CUSIP: 63229BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49718 | PA      | $45740.21     | 0.10%             | 2026-04-30      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| CMI Marketing Inc                           | CMI MARKETING IN 03/23/28                                                       | CUSIP: 12576LAG7<br>LEI: 2549008V69JBBIX9J563 | Long             | LON              | CORP              | US        |     99496 | PA      | $90417.19     | 0.19%             | 2028-03-23      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| WEST CORP                                   | Intrado Corp                                                                    | CUSIP: 68162RAD3<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     29521 | PA      | $27023.82     | 0.06%             | 2024-10-10      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| EAB Global Inc                              | EAB GLOBAL INC 08/16/28                                                         | CUSIP: 26835CAC3<br>LEI: 254900WJRUVZKYEF1M36 | Long             | LON              | CORP              | US        |    198870 | PA      | $191483.65    | 0.40%             | 2028-08-16      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Belfor Holdings Inc                         | BELFOR HOLDINGS 04/06/26                                                        | CUSIP: 07768YAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99746 | PA      | $99246.82     | 0.21%             | 2026-04-04      | Floating      | 8.38%                 | No            |                  3 | On Loan: No      |
| Trident TPI Holdings Inc                    | TEKNI-PLEX (TRID 07/29/28                                                       | CUSIP: 00216EAF6<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |      7786 | PA      | $7452.26      | 0.02%             | 2028-09-17      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL                          | Connect Finco SARL                                                              | CUSIP: 000000000<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |     74808 | PA      | $73779.57     | 0.15%             | 2026-12-12      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| EG America LLC                              | EG AMERICA LLC 03/31/26                                                         | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     66134 | PA      | $60346.87     | 0.13%             | 2026-03-12      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| American Seafoods Group LLC                 | AMERICAN SEAFOOD 08/21/23                                                       | CUSIP: 02944LAS7<br>LEI: TKLQFSH757GJCQN9KP38 | Long             | LON              | CORP              | US        |       498 | PA      | $496.69       | 0.00%             | 2023-08-21      | Floating      | 6.77%                 | No            |                  3 | On Loan: No      |
| Lightstone Holdco LLC                       | LIGHTSTONE HOLDC 02/01/27                                                       | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |     45290 | PA      | $41289.78     | 0.09%             | 2027-01-30      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD RETAI 08/27/25                   | BROOKFIELD RETAI 08/27/25                                                       | CUSIP: 11283HAB3<br>LEI: 5493006ZQ6LH85EKNL31 | Long             | LON              | CORP              | US        |    284859 | PA      | $280744.09    | 0.58%             | 2025-08-24      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BI 07/21/28                   | FIRST STUDENT BI 07/21/28                                                       | CUSIP: 33718FAE0<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |    163636 | PA      | $156034.14    | 0.32%             | 2028-07-21      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                     | Zayo Group Holdings Inc                                                         | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    150000 | PA      | $112710.90    | 0.23%             | 2027-03-09      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     90262 | PA      | $82664.66     | 0.17%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                    | VISTRA OPERATION 12/31/25                                                       | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |     79688 | PA      | $78974.46     | 0.16%             | 2025-12-31      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                      | AthenaHealth Group Inc                                                          | CUSIP: 04686RAC7<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     14493 | PA      | $13209.11     | 0.03%             | 2029-02-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                  | DYNASTY ACQUISIT 04/06/26                                                       | CUSIP: 26812CAE6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     97177 | PA      | $93087.41     | 0.19%             | 2026-04-08      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Snap One Holdings Corp                      | SNAP ONE HOLDING 12/08/28                                                       | CUSIP: 000000000<br>LEI: 254900UH1TKVPR8FDW43 | Long             | LON              | CORP              | US        |     74812 | PA      | $68078.95     | 0.14%             | 2028-12-08      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| CINCINNATI BELL INC                         | Cincinnati Bell Inc                                                             | CUSIP: 17187MAS9<br>LEI: 549300JYVZOCUJOHL272 | Long             | LON              | CORP              | US        |    200000 | PA      | $196041.60    | 0.41%             | 2028-11-23      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| VeriFone Systems Inc                        | VERIFONE SYSTEMS 08/20/25                                                       | CUSIP: 92346NAB5<br>LEI: 254900LTTVM8MM9RKV75 | Long             | LON              | CORP              | US        |    199222 | PA      | $179299.91    | 0.37%             | 2025-08-20      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| M6 ETX Holdings II Midco LLC                | M6 MIDS 08/10/29                                                                | CUSIP: 55285DAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $124062.50    | 0.26%             | 2029-09-19      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| MPH ACQUISITION 09/01/28                    | MPH ACQUISITION 09/01/28                                                        | CUSIP: 55328HAK7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | LON              | CORP              | US        |    224372 | PA      | $192165.07    | 0.40%             | 2028-09-01      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                    | Olympus Water US Holding Corp                                                   | CUSIP: 68163YAD7<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |     98750 | PA      | $95096.25     | 0.20%             | 2028-11-09      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| Cushman & Wakefield US Borrower LLC         | CUSHMAN & WAKEFI 08/21/25                                                       | CUSIP: 23340DAP7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $194833.40    | 0.41%             | 2025-08-21      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Sunset Debt Merger Sub Inc                  | SUNSET DEBT MERG 10/06/28                                                       | CUSIP: 78489HAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124687 | PA      | $97359.51     | 0.20%             | 2028-10-06      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Sandvine Corp                               | SANDVINE CORPORA 10/31/25                                                       | CUSIP: 74274XAC5<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    125027 | PA      | $118619.36    | 0.25%             | 2025-11-02      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| Pretium PKG Holdings Inc                    | PRETIUM PKG HOLD 10/02/28                                                       | CUSIP: 74142KAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49304 | PA      | $41414.95     | 0.09%             | 2028-10-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| University Support Services LLC             | UNIVERSITY SUPPO 02/10/29                                                       | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     34322 | PA      | $33291.94     | 0.07%             | 2029-02-10      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                 | ASURION LLC 07/31/27                                                            | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    198990 | PA      | $172043.28    | 0.36%             | 2027-07-31      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| MLN US HOLDCO LL 11/30/25                   | MLN US HOLDCO LL 11/30/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49658 | PA      | $39974.36     | 0.08%             | 2025-11-30      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| MLN US HOLDCO LL 10/18/27                   | MLN US HOLDCO LL 10/18/27                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4000 | PA      | $2600.00      | 0.01%             | 2027-10-18      | Floating      | 12.50%                | No            |                  3 | On Loan: No      |
| Charlotte Buyer Inc                         | CHARLOTTE BUYER 02/03/28                                                        | CUSIP: 12568YAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $142000.05    | 0.30%             | 2028-02-11      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                  | AMNEAL PHARMACEU 05/04/25                                                       | CUSIP: 03167DAH7<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    125966 | PA      | $114606.36    | 0.24%             | 2025-05-04      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US Holdco 2 Inc             | BCPE NORTH STAR 06/09/28                                                        | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |      6076 | PA      | $5610.09      | 0.01%             | 2028-06-10      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Dexko Global Inc                            | DEXKO GLOBAL 10/04/28                                                           | CUSIP: 000000000<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |     52500 | PA      | $47184.38     | 0.10%             | 2028-10-04      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Radnet Management Inc                       | RADNET MANAGEMEN 04/23/28                                                       | CUSIP: 75049EAM6<br>LEI: 549300T3TJ6A0P5TXM13 | Long             | LON              | CORP              | US        |     89547 | PA      | $87065.44     | 0.18%             | 2028-04-23      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc           | AMERICAN AXLE & 04/06/24                                                        | CUSIP: 02406MAP2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    300000 | PA      | $298406.40    | 0.62%             | 2024-04-06      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| PERATON CORP 02/01/28                       | PERATON CORP 02/01/28                                                           | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    299099 | PA      | $291621.44    | 0.61%             | 2028-02-01      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| AZZ Inc                                     | AZZ INCORPO 05/31/29                                                            | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |    244115 | PA      | $242996.61    | 0.51%             | 2029-05-13      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| VIASAT INC 03/31/29                         | VIASAT INC 03/31/29                                                             | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    324562 | PA      | $314555.26    | 0.65%             | 2029-03-04      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| Digicel International Finance Ltd           | DIGICEL INTERNAT 05/27/24                                                       | CUSIP: 000000000<br>LEI: 5493007V023VOEW4FK27 | Long             | LON              | CORP              | LC        |    279320 | PA      | $236199.59    | 0.49%             | 2024-05-27      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                            | BERRY PLASTICS 3 07/01/26                                                       | CUSIP: 08579JBG6<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | LON              | CORP              | US        |     74810 | PA      | $73767.62     | 0.15%             | 2026-07-01      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Standard Aero Ltd                           | STANDARD AERO LT 04/06/26                                                       | CUSIP: 26812CAF3<br>LEI: 549300WM2IKMXZ5LGL49 | Long             | LON              | CORP              | CA        |     52246 | PA      | $50047.02     | 0.10%             | 2026-04-08      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Sonicwall US Holdings Inc                   | SONICWALL US HOL 05/16/25                                                       | CUSIP: 83547MAB3<br>LEI: 549300KJE1MHNCWBX302 | Long             | LON              | CORP              | US        |     58889 | PA      | $57130.66     | 0.12%             | 2025-05-16      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                       | BAUSCH HEALTH CO 02/28/27                                                       | CUSIP: 000000000<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | LON              | CORP              | CA        |    123438 | PA      | $91220.31     | 0.19%             | 2027-02-01      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| Zacapa SARL                                 | UFINET (ZACAPA) 02/10/29                                                        | CUSIP: 000000000<br>LEI: 213800VIVQIJLORBU468 | Long             | LON              | CORP              | LU        |    324375 | PA      | $311237.81    | 0.65%             | 2029-03-22      | Floating      | 8.27%                 | No            |                  2 | On Loan: No      |
| Vacanceselect Holding SAS                   | HRNI HOLDINGS, L 12/11/28                                                       | CUSIP: 000000000<br>LEI: 9695009LFIJD0QNGH287 | Long             | LON              | CORP              | FR        |    100000 | PA      | $96000.00     | 0.20%             | 2025-11-30      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                    | PROAMPAC 11/03/25                                                               | CUSIP: 74274NAG8<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |     73706 | PA      | $70895.74     | 0.15%             | 2025-11-03      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Natel Engineering Co Inc                    | NATEL ENGINEERIN 04/30/26                                                       | CUSIP: 63229BAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       141 | PA      | $130.08       | 0.00%             | 2026-04-30      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| Pretium PKG Holdings Inc                    | PRETIUM PKG HOLD 10/02/28                                                       | CUSIP: 74142KAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50570 | PA      | $42478.99     | 0.09%             | 2028-10-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| EWT Holdings III Corp                       | EWT HLDGS III CO 04/01/28                                                       | CUSIP: 000000000<br>LEI: 5493007CXSSB57GCEB24 | Long             | LON              | CORP              | US        |     74622 | PA      | $73596.11     | 0.15%             | 2028-04-01      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co Inc                         | BANFF GUARANTOR 02/27/26                                                        | CUSIP: 000000000<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    125000 | PA      | $114340.25    | 0.24%             | 2026-03-23      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp                                                                    | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129583.88    | 0.27%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                    | PROAMPAC 11/03/25                                                               | CUSIP: 74274NAG8<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |     24317 | PA      | $23389.63     | 0.05%             | 2025-11-03      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | REYNOLDS GROUP 02/16/26                                                         | CUSIP: 76173FAW7<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |     62560 | PA      | $61605.83     | 0.13%             | 2026-02-05      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| CT Technologies Intermediate Holdings Inc   | CT TECHNOLOGIES 12/16/25                                                        | CUSIP: 12650JAR7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74621 | PA      | $68931.35     | 0.14%             | 2025-12-16      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | PACTIV EVERGREEN 09/17/28                                                       | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |     16171 | PA      | $15944.58     | 0.03%             | 2028-09-24      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| Shearer's Foods LLC                         | SHEARERS FOODS L 09/23/27                                                       | CUSIP: 82087UAL1<br>LEI: 549300AQWIJSYS2CIH04 | Long             | LON              | CORP              | US        |     74620 | PA      | $70729.34     | 0.15%             | 2027-09-23      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| Crosby US Acquisition Corp                  | CROSBY US ACQUIS 06/26/26                                                       | CUSIP: 22739PAH9<br>LEI: 549300V5HSWHDNVOWE35 | Long             | LON              | CORP              | US        |     99486 | PA      | $93367.48     | 0.19%             | 2026-06-27      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| ConnectWise LLC                             | CONNECTWISE LLC 09/29/28                                                        | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49749 | PA      | $47659.91     | 0.10%             | 2028-09-30      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| PODS LLC 03/31/28                           | PODS LLC 03/31/28                                                               | CUSIP: 73044EAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74623 | PA      | $71065.16     | 0.15%             | 2028-03-31      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                            | FINASTRA USA INC 06/13/25                                                       | CUSIP: 02034DAF4<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    100000 | PA      | $76625.00     | 0.16%             | 2025-06-13      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| Vision Solutions Inc                        | VISION SOLUTIONS 04/30/28                                                       | CUSIP: 70477BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124685 | PA      | $102761.38    | 0.21%             | 2028-05-28      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Audacy Capital Corp                         | CBS RADIO INC 11/18/24                                                          | CUSIP: 12506KAE9<br>LEI: 549300S5JUSXRHNCHD80 | Long             | LON              | CORP              | US        |     75000 | PA      | $55232.18     | 0.11%             | 2024-11-17      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| AG Group Holdings Inc                       | AG GROUP HOLDING 12/29/28                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     64286 | PA      | $61714.28     | 0.13%             | 2028-12-29      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| Kronos Acquisition Holdings Inc             | KRONOS ACQUISITI 12/22/26                                                       | CUSIP: 49387TAW6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     22280 | PA      | $21118.31     | 0.04%             | 2026-12-22      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings Inc                    | TEKNI-PLEX (TRID 07/29/28                                                       | CUSIP: 00216EAE9<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |     87111 | PA      | $83372.62     | 0.17%             | 2028-09-17      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| FOUR SEASONS HOTELS LTD                     | Four Seasons Hotels Ltd                                                         | CUSIP: 35100DAS5<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |     50000 | PA      | $49895.85     | 0.10%             | 2029-11-30      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Lifetime Brands Inc                         | LIFETIME BRANDS, 02/28/25                                                       | CUSIP: 53223UAF0<br>LEI: 549300GS38DC0OHLYK32 | Long             | LON              | CORP              | US        |     44501 | PA      | $41831.04     | 0.09%             | 2025-02-28      | Floating      | 8.28%                 | No            |                  3 | On Loan: No      |
| II-VI Inc                                   | II-VI (COHERENT) 12/08/28                                                       | CUSIP: 45173JAQ7<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    300000 | PA      | $296400.00    | 0.62%             | 2029-07-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                  | DaVita Inc                                                                      | CUSIP: 23918VAY0<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | LON              | CORP              | US        |    150000 | PA      | $144971.55    | 0.30%             | 2026-08-12      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                | MH SUB I LLC 09/13/24                                                           | CUSIP: 45567YAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199745 | PA      | $194323.22    | 0.40%             | 2024-09-15      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDI 12/28/27                   | PARK RIVER HOLDI 12/28/27                                                       | CUSIP: 70082HAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    174305 | PA      | $150275.52    | 0.31%             | 2027-12-28      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| OSMOSE UTILITIES SERVICE                    | Osmose Utilities Services Inc                                                   | CUSIP: 68835HAH3<br>LEI: 549300FSLVHLFZ3S0D82 | Long             | LON              | CORP              | US        |     89548 | PA      | $84212.22     | 0.18%             | 2028-06-22      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                         | LBM Acquisition LLC                                                             | CUSIP: 50179JAB4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |     49748 | PA      | $42689.92     | 0.09%             | 2027-12-18      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| APRO LLC                                    | Apro LLC                                                                        | CUSIP: 03834XAM5<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |    100000 | PA      | $96625.00     | 0.20%             | 2026-11-14      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                    | Kronos Acquisition Holdings Inc                                                 | CUSIP: 49387TAW6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    135717 | PA      | $128637.87    | 0.27%             | 2026-12-22      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | PACTIV EVERGREEN 09/17/28                                                       | CUSIP: 76173FAY3<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |     73454 | PA      | $72425.66     | 0.15%             | 2028-09-24      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR RENTAL LLC                  | Avis Budget Car Rental LLC                                                      | CUSIP: 05377JAS1<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    200000 | PA      | $196166.60    | 0.41%             | 2029-03-16      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                         | American Express Co                                                             | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    100000 | PA      | $79338.38     | 0.17%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $298397.84    | 0.62%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Truck Hero Inc                              | TRUCK HERO INC 01/31/28                                                         | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |     99495 | PA      | $83886.67     | 0.17%             | 2028-02-24      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     41482 | PA      | $37990.91     | 0.08%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd              | Palmer Square Loan Funding 2022-3 Ltd                                           | CUSIP: 69690CAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $99982.20     | 0.21%             | 2031-04-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | PACTIV EVERGREEN 02/05/26                                                       | CUSIP: 76173FAW7<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |     13844 | PA      | $13632.48     | 0.03%             | 2026-02-05      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                   | GAINWELL ACQUISI 10/01/27                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249241 | PA      | $243321.05    | 0.51%             | 2027-10-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Rackspace Technology Global Inc             | RACKSPACE HOSTIN 02/15/28                                                       | CUSIP: 75009XAB6<br>LEI: 549300QTYCKLMFSE8I97 | Long             | LON              | CORP              | US        |     79851 | PA      | $53512.59     | 0.11%             | 2028-02-09      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Alltech Inc                                 | ALLTECH 10/07/28                                                                | CUSIP: 02003DAX2<br>LEI: 549300HV8FN6KMLFMN67 | Long             | LON              | CORP              | US        |      5000 | PA      | $4650.00      | 0.01%             | 2028-10-15      | Floating      | 7.90%                 | No            |                  3 | On Loan: No      |
| Blackstone Mortgage Trust Inc               | BLACKSTONE MORTG 05/31/29                                                       | CUSIP: 09259GAF0<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |    279500 | PA      | $272512.50    | 0.57%             | 2029-05-09      | Floating      | 7.63%                 | No            |                  3 | On Loan: No      |
| Fanatics Commerce Intermediate Holdco LLC   | FANATICS COMMERC 11/24/28                                                       | CUSIP: 30709UAB0<br>LEI: 254900YDIRBC66RGAG10 | Long             | LON              | CORP              | US        |    224812 | PA      | $218442.43    | 0.45%             | 2028-11-23      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US Holdco 2 Inc             | BCPE NORTH STAR 06/09/28                                                        | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |     36497 | PA      | $33698.82     | 0.07%             | 2028-06-10      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Global Medical Response Inc                 | GLOBAL MEDICAL R 03/14/25                                                       | CUSIP: 00169QAD1<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |     99483 | PA      | $79026.68     | 0.16%             | 2025-03-14      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| LHS Borrower LLC                            | LHS BORROWER LLC 02/16/29                                                       | CUSIP: 000000000<br>LEI: 2549000R2CJY3YBDDU14 | Long             | LON              | CORP              | US        |     74812 | PA      | $60224.06     | 0.13%             | 2029-02-18      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc                       | GFL ENVIRONMENTA 05/30/25                                                       | CUSIP: 000000000<br>LEI: 549300FYK4MBXWIVZU26 | Long             | LON              | CORP              | CA        |    249494 | PA      | $248869.95    | 0.52%             | 2025-05-31      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Nouryon USA LLC                             | AKZONOBEL (STARF 10/01/25                                                       | CUSIP: 000000000<br>LEI: 549300K7VB5G6LULFT41 | Long             | LON              | CORP              | US        |     10270 | PA      | $9992.24      | 0.02%             | 2025-10-01      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| ASP LS Acquisition Corp                     | ASP LS ACQUISITI 05/07/28                                                       | CUSIP: 51809EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49749 | PA      | $38605.02     | 0.08%             | 2028-05-07      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Fender Musical Instruments Corp             | FENDER MUSICAL I 11/16/28                                                       | CUSIP: 000000000<br>LEI: 549300G8G1R16J8L5Q60 | Long             | LON              | CORP              | US        |     74647 | PA      | $60557.20     | 0.13%             | 2028-12-01      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Milk Specialties Co                         | MILK SPECIALTIES 08/15/25                                                       | CUSIP: 00214VAE3<br>LEI: 5493000QDYDYJEI8F305 | Long             | LON              | CORP              | US        |    124370 | PA      | $122737.92    | 0.26%             | 2025-08-31      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| WEST CORP                                   | Intrado Corp                                                                    | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     74634 | PA      | $68352.05     | 0.14%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     70000 | PA      | $60171.20     | 0.13%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CP Atlas Buyer Inc                          | AMERICAN BATH 12/27/27                                                          | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |     74815 | PA      | $65525.56     | 0.14%             | 2027-11-23      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Maverick Gaming LLC                         | MAVERICK GAMING 09/03/26                                                        | CUSIP: 57770JAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74623 | PA      | $65419.63     | 0.14%             | 2026-09-07      | Floating      | 11.64%                | No            |                  2 | On Loan: No      |
| Project Castle Inc                          | PROJECT CASTLE I 06/08/29                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     75000 | PA      | $61125.00     | 0.13%             | 2029-11-01      | Floating      | 9.63%                 | No            |                  3 | On Loan: No      |
| Alliance Laundry Systems LLC                | ALLIANCE LAUNDRY 09/30/27                                                       | CUSIP: 01862LAW8<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |       823 | PA      | $801.93       | 0.00%             | 2027-10-08      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                       | AMERICAN AIRLINE 12/14/23                                                       | CUSIP: 02376CBA2<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    250000 | PA      | $248632.75    | 0.52%             | 2023-12-14      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| HOLLEY INC                                  | Holley Inc                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49771 | PA      | $43300.41     | 0.09%             | 2028-11-18      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Delek US Holdings Inc                       | DELEK 03/31/25                                                                  | CUSIP: 24664GAD3<br>LEI: 5493003O53JMENV1N385 | Long             | LON              | CORP              | US        |     75591 | PA      | $74834.91     | 0.16%             | 2025-03-30      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                | UNIVISION COMMUN 01/31/29                                                       | CUSIP: 914908BB3<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    299500 | PA      | $290982.82    | 0.61%             | 2029-01-31      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Columbus McKinnon Corp/NY                   | COLUMBUS MCKINNO 04/07/28                                                       | CUSIP: 19933MAP8<br>LEI: 549300W3HQB0HO1F3G69 | Long             | LON              | CORP              | US        |     72015 | PA      | $70755.01     | 0.15%             | 2028-05-14      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                            | FINASTRA USA INC 06/13/24                                                       | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |    321467 | PA      | $290197.31    | 0.60%             | 2024-06-13      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi              | CARLYLE US CLO 2021-11 LTD                                                      | CUSIP: 143122AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $241861.25    | 0.50%             | 2033-01-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US H 11/09/28                   | OLYMPUS WTR US H 11/09/28                                                       | CUSIP: 68163YAB1<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |     99749 | PA      | $95228.93     | 0.20%             | 2028-11-09      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corp                       | FILTRATION GROUP 03/31/25                                                       | CUSIP: 31732FAM8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    149187 | PA      | $147042.69    | 0.31%             | 2025-03-29      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Global Tel*Link Corp                        | GLOBAL TEL LINK 11/29/25                                                        | CUSIP: 37959JAB7<br>LEI: 549300YI0BNF11FDQE44 | Long             | LON              | CORP              | US        |     99483 | PA      | $85704.74     | 0.18%             | 2025-11-29      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc               | BRAND ENERGY & I 06/21/24                                                       | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |      9815 | PA      | $8604.89      | 0.02%             | 2024-06-21      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| EagleView Technology Corp                   | EAGLEVIEW TECHNO 08/14/25                                                       | CUSIP: 27004GAJ2<br>LEI: 549300HLIL8HO4PPLG50 | Long             | LON              | CORP              | US        |     99483 | PA      | $88593.37     | 0.18%             | 2025-08-14      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| LIGHTSTONE HOLDCO LLC                       | Lightstone Holdco LLC                                                           | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |     93939 | PA      | $85640.90     | 0.18%             | 2027-01-30      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| Geon Performance Solutions LLC              | GEON PERFORMANCE 08/18/28                                                       | CUSIP: 37254YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74623 | PA      | $72135.71     | 0.15%             | 2028-08-18      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| Gogo Intermediate Holdings LLC              | GOGO INTERMEDIAT 04/30/28                                                       | CUSIP: 38046JAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149370 | PA      | $147662.81    | 0.31%             | 2028-04-30      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Ascend Performance Materials Operations LLC | ASCEND PERFORMAN 08/27/26                                                       | CUSIP: 04350TAC8<br>LEI: 549300NIMFUIRMMAGQ29 | Long             | LON              | CORP              | US        |    199492 | PA      | $191013.96    | 0.40%             | 2026-08-27      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| EAB Global Inc                              | EAB GLOBAL 06/28/28                                                             | CUSIP: 26835CAC3<br>LEI: 254900WJRUVZKYEF1M36 | Long             | LON              | CORP              | US        |       502 | PA      | $483.55       | 0.00%             | 2028-08-16      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Pilot Travel Centers LLC                    | PILOT TRAVEL 07/29/28                                                           | CUSIP: 72165NBH1<br>LEI: 549300115UILLXNE1Z49 | Long             | LON              | CORP              | US        |     49623 | PA      | $48856.49     | 0.10%             | 2028-08-06      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| WP CityMD Bidco LLC                         | SUMMIT HEALTH (W 08/13/28                                                       | CUSIP: 92940KAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74625 | PA      | $74189.71     | 0.15%             | 2028-12-23      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Cobham Ultra US Co-Borrower LLC             | COBHAM ULTRA US 03/31/29                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $121171.88    | 0.25%             | 2029-08-04      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| IRIDIUM SATELLIT 11/04/26                   | IRIDIUM SATELLIT 11/04/26                                                       | CUSIP: 46269KAL8<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |     96398 | PA      | $95330.43     | 0.20%             | 2026-11-04      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management                         | Cbam 2018-7 Ltd                                                                 | CUSIP: 12482JAA8<br>LEI: 2549002XHTMWO4GGPF51 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $391556.00    | 0.81%             | 2031-07-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| WireCo WorldGroup Inc                       | WIRECO WORLDGROU 10/27/28                                                       | CUSIP: 000000000<br>LEI: 5493008NQ1Q5T2GZOJ37 | Long             | LON              | CORP              | US        |    146810 | PA      | $142955.96    | 0.30%             | 2028-11-12      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILD 01/31/28                   | FOUNDATION BUILD 01/31/28                                                       | CUSIP: 35039KAB2<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |     99244 | PA      | $94144.26     | 0.20%             | 2028-01-29      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                           | Wellfleet CLO 2018-3 Ltd                                                        | CUSIP: 94951DAA1<br>LEI: 254900LA1TLPGMVIGC76 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $390313.60    | 0.81%             | 2032-01-20      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| EG America LLC                              | EG AMERICA LLC 03/31/26                                                         | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     33866 | PA      | $30903.13     | 0.06%             | 2026-03-12      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO 01/29/26                      | INEOS QUATTRO 01/29/26                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49748 | PA      | $48504.42     | 0.10%             | 2026-01-29      | Floating      | 6.89%                 | No            |                  3 | On Loan: No      |
| Proampac PG Borrower LLC                    | PROAMPAC 11/03/25                                                               | CUSIP: 74274NAG8<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |       252 | PA      | $242.29       | 0.00%             | 2025-11-03      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| AG Group Holdings Inc                       | ADDISON GROUP 12/29/28                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10339 | PA      | $9925.72      | 0.02%             | 2028-12-29      | Floating      | 8.37%                 | No            |                  3 | On Loan: No      |
| BOMBARDIER INC                              | Bombardier Inc                                                                  | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    175000 | PA      | $171753.75    | 0.36%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AmWINS Group Inc                            | AMWINS GROUP INC 02/19/28                                                       | CUSIP: 03234TAW8<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |     89545 | PA      | $87608.16     | 0.18%             | 2028-02-19      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| CBAC BORROWER LLC                           | CBAC Borrower LLC                                                               | CUSIP: 14983GAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24933 | PA      | $24299.03     | 0.05%             | 2024-07-07      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL LLC                            | Gates Global LLC                                                                | CUSIP: 36740UAX0<br>LEI: 549300XI79MQJV13DW27 | Long             | LON              | CORP              | US        |    250000 | PA      | $245375.00    | 0.51%             | 2029-11-16      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Recess Holdings Inc                         | RECESS HOLDINGS, 09/30/24                                                       | CUSIP: 72811HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     34934 | PA      | $34104.70     | 0.07%             | 2024-09-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                | VT Topco Inc                                                                    | CUSIP: 39355YAK0<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |      2095 | PA      | $2034.51      | 0.00%             | 2025-08-03      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                        | Cornerstone Building Brands Inc                                                 | CUSIP: 21925FAB0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    250000 | PA      | $231666.75    | 0.48%             | 2028-08-01      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd                             | SKYMILES IP LTD 09/16/27                                                        | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    125000 | PA      | $126718.75    | 0.26%             | 2027-10-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Gardner Denver Inc                          | INGERSOLL-RAND C 03/01/27                                                       | CUSIP: 365556AT6<br>LEI: 549300MJL50HVCB7RP74 | Long             | LON              | CORP              | US        |     74617 | PA      | $73700.14     | 0.15%             | 2027-02-28      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC 06/21/28                    | MADISON IAQ LLC 06/21/28                                                        | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    304442 | PA      | $288500.73    | 0.60%             | 2028-06-21      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL 06/21/24                   | BRAND INDUSTRIAL 06/21/24                                                       | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     27799 | PA      | $24370.70     | 0.05%             | 2024-06-21      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Proampac PG Borrower LLC                    | PROAMPAC 11/03/25                                                               | CUSIP: 74274NAG8<br>LEI: 549300ZI6LTXYFEY1578 | Long             | LON              | CORP              | US        |      1474 | PA      | $1417.56      | 0.00%             | 2025-11-03      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Lightstone Holdco LLC                       | LIGHTSTONE HOLDC 02/01/27                                                       | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |      2563 | PA      | $2336.18      | 0.00%             | 2027-01-30      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| OXEA CORP 10/12/24                          | OXEA CORP 10/12/24                                                              | CUSIP: 000000000<br>LEI: 529900MSP24R2FE9U796 | Long             | LON              | CORP              | US        |     49718 | PA      | $46610.18     | 0.10%             | 2024-10-12      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| Xplornet Communications Inc                 | XPLORNET COMMUNI 10/02/28                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    299497 | PA      | $242780.14    | 0.51%             | 2028-10-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                | CLOUDERA INC 10/08/28                                                           | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    289712 | PA      | $273596.56    | 0.57%             | 2028-10-08      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| ArchKey Holdings Inc                        | GATEWAY MERGER S 06/29/28                                                       | CUSIP: 03957NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    131155 | PA      | $123285.83    | 0.26%             | 2028-06-30      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE 04/03/26                          | COMMSCOPE 04/03/26                                                              | CUSIP: 20337EAQ4<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | LON              | CORP              | US        |     74615 | PA      | $71518.84     | 0.15%             | 2026-04-04      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Lifetime Brands Inc                         | LIFETIME BRANDS, 02/28/25                                                       | CUSIP: 53223UAF0<br>LEI: 549300GS38DC0OHLYK32 | Long             | LON              | CORP              | US        |      7625 | PA      | $7167.24      | 0.01%             | 2025-02-28      | Floating      | 8.28%                 | No            |                  3 | On Loan: No      |
| Sound Inpatient Physicians Holdings LLC     | SOUND INPATIENT 06/15/25                                                        | CUSIP: 46322EAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $201172.00    | 0.42%             | 2025-06-28      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                        | FLUTTER FIN BV TL 9/28                                                          | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    100000 | PA      | $99160.70     | 0.21%             | 2028-07-04      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| HRNI Holdings LLC                           | HRNI HOLDINGS LL 12/11/28                                                       | CUSIP: 000000000<br>LEI: 549300V1ELIRK8JURN28 | Long             | LON              | CORP              | US        |     73026 | PA      | $70105.27     | 0.15%             | 2028-12-10      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                  | AMNEAL PHARMACEU 05/04/25                                                       | CUSIP: 03167DAH7<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    123120 | PA      | $112016.79    | 0.23%             | 2025-05-04      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| MAXAR TECHNOLOGI 06/08/29                   | MAXAR TECHNOLOGI 06/08/29                                                       | CUSIP: 000000000<br>LEI: 549300OEN2G821MIJ922 | Long             | LON              | CORP              | US        |    249375 | PA      | $239945.63    | 0.50%             | 2029-06-14      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| BroadStreet Partners Inc                    | BROADSTREET PART 01/27/27                                                       | CUSIP: 11132VAR0<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    149622 | PA      | $143917.82    | 0.30%             | 2027-01-27      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $66506.33     | 0.14%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ASURION 01/31/28                            | ASURION 01/31/28                                                                | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     50000 | PA      | $38375.00     | 0.08%             | 2028-02-03      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| PRO MACH GROUP INC                          | Pro Mach Group Inc                                                              | CUSIP: 74273JAE3<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |     61442 | PA      | $59915.09     | 0.12%             | 2028-08-31      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $77855.66     | 0.16%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Cincinnati Bell Inc                         | CINCINNATI BELL 11/17/28                                                        | CUSIP: 17187MAS9<br>LEI: 549300JYVZOCUJOHL272 | Long             | LON              | CORP              | US        |     99499 | PA      | $97529.46     | 0.20%             | 2028-11-23      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Albaugh LLC                                 | ALBAUGH 03/31/29                                                                | CUSIP: 000000000<br>LEI: 5493008ZHS8IORT6HC90 | Long             | LON              | CORP              | US        |       312 | PA      | $307.81       | 0.00%             | 2029-04-06      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| Redstone Holdco 2 LP                        | REDSTONE HOLDCO 04/27/28                                                        | CUSIP: 75774EAG0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99497 | PA      | $67267.36     | 0.14%             | 2028-04-27      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                             | MEG Energy Corp                                                                 | CUSIP: 552704AE8<br>LEI: 5493002WXPTG5ZC1T326 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $81120.80     | 0.17%             | 2027-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| American Seafoods Group LLC                 | AMERICAN SEAFOOD 08/21/23                                                       | CUSIP: 02944LAS7<br>LEI: TKLQFSH757GJCQN9KP38 | Long             | LON              | CORP              | US        |     42267 | PA      | $42161.40     | 0.09%             | 2023-08-21      | Floating      | 6.77%                 | No            |                  3 | On Loan: No      |
| FIRST BRANDS GRO 03/30/27                   | FIRST BRANDS GRO 03/30/27                                                       | CUSIP: 31935HAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99747 | PA      | $95882.27     | 0.20%             | 2027-03-30      | Floating      | 9.13%                 | No            |                  2 | On Loan: No      |
| Castlelake Aviation One DAC                 | CASTLELAKE AVIAT 10/22/26                                                       | CUSIP: 14855NAB2<br>LEI: 2138003EQK2PETKID103 | Long             | LON              | CORP              | IE        |    134322 | PA      | $131731.07    | 0.27%             | 2026-10-22      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Pregis TopCo LLC                            | PREGIS TOPCO LLC 07/31/26                                                       | CUSIP: 74045BAE7<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |     75000 | PA      | $71937.53     | 0.15%             | 2026-08-01      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                | Calpine Corp                                                                    | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86562.85     | 0.18%             | 2029-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Iris Holding Inc                            | IRIS HLDG INC 06/15/28                                                          | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |     62500 | PA      | $56968.75     | 0.12%             | 2028-06-28      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| Scientific Games International Inc          | SCIENTIFIC GAMES 04/07/29                                                       | CUSIP: 000000000<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    249375 | PA      | $244610.19    | 0.51%             | 2029-04-14      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Chill Merger Sub Inc                        | ARCTIC GLACIER U 03/20/24                                                       | CUSIP: 03970JAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $90166.70     | 0.19%             | 2024-03-20      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| Autokiniton US Holdings Inc                 | AUTOKINITON US H 04/06/28                                                       | CUSIP: 05278HAB2<br>LEI: 254900EHNKMJ1OSEZL85 | Long             | LON              | CORP              | US        |     99622 | PA      | $95512.45     | 0.20%             | 2028-04-06      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Apro LLC                                    | APRO LLC 11/14/26                                                               | CUSIP: 03834XAM5<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |     74621 | PA      | $72102.75     | 0.15%             | 2026-11-14      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Prairie ECI Acquiror LP                     | PRAIRIE ECI ACQU 03/11/26                                                       | CUSIP: 73955HAB0<br>LEI: 549300EXIECHUG4F3335 | Long             | LON              | CORP              | US        |    300000 | PA      | $290062.50    | 0.60%             | 2026-03-11      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc                                | VT TOPCO, INC 08/01/25                                                          | CUSIP: 39355YAK0<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |      2578 | PA      | $2504.02      | 0.01%             | 2025-08-03      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Pike Corp                                   | PIKE CORP 01/21/28                                                              | CUSIP: 72108PAT1<br>LEI: 549300P4EKEP6HK0NC58 | Long             | LON              | CORP              | US        |     50000 | PA      | $49312.50     | 0.10%             | 2028-01-21      | Floating      | 7.36%                 | No            |                  3 | On Loan: No      |
| Pretium PKG Holdings Inc                    | PRETIUM PKG HOLD 10/02/28                                                       | CUSIP: 74142KAF6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98872 | PA      | $83052.90     | 0.17%             | 2028-10-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Kingpin Intermediate Holdings LLC           | KINGPIN INTERMED 07/03/24                                                       | CUSIP: 49579GAF9<br>LEI: 549300HRZOJTMNZCST05 | Long             | LON              | CORP              | US        |    224352 | PA      | $219490.63    | 0.46%             | 2024-07-03      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                            | FINASTRA USA INC 06/13/24                                                       | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     66080 | PA      | $59651.89     | 0.12%             | 2024-06-13      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| RADNET MANAGEMENT INC                       | Radnet Management Inc                                                           | CUSIP: 75049EAM6<br>LEI: 549300T3TJ6A0P5TXM13 | Long             | LON              | CORP              | US        |    200000 | PA      | $194458.40    | 0.40%             | 2028-04-23      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| PATAGONIA HOLDCO LLC                        | Patagonia Holdco LLC                                                            | CUSIP: 70289FAD3<br>LEI: 254900OLXUIWWEAJZ984 | Long             | LON              | CORP              | US        |     90000 | PA      | $71550.00     | 0.15%             | 2029-08-01      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| SAVAGE ENTERPRIS 09/15/28                   | SAVAGE ENTERPRIS 09/15/28                                                       | CUSIP: 80465JAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73012 | PA      | $72251.05     | 0.15%             | 2028-09-17      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| ALBAUGH LLC                                 | Albaugh LLC                                                                     | CUSIP: 000000000<br>LEI: 5493008ZHS8IORT6HC90 | Long             | LON              | CORP              | US        |     24939 | PA      | $24564.68     | 0.05%             | 2029-04-06      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| Dexko Global Inc                            | DEXKO GLOBAL 10/04/28                                                           | CUSIP: 000000000<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |     96750 | PA      | $86954.06     | 0.18%             | 2028-10-04      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                       | Nabors Industries Inc                                                           | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73190.30     | 0.15%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC                | ALLIANCE LAUNDRY 09/30/27                                                       | CUSIP: 01862LAW8<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |     73793 | PA      | $71933.23     | 0.15%             | 2027-10-08      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| ALBAUGH 03/31/29                            | ALBAUGH 03/31/29                                                                | CUSIP: 000000000<br>LEI: 5493008ZHS8IORT6HC90 | Long             | LON              | CORP              | US        |     99124 | PA      | $97636.88     | 0.20%             | 2029-04-06      | Floating      | 7.88%                 | No            |                  3 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 5 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $-4259.54     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Aventiv Technologies LLC                    | AVENTIV TECHNOLO 11/01/24                                                       | CUSIP: 78410QAB8<br>LEI: 549300EBCNNXVCJ2FW66 | Long             | LON              | CORP              | US        |     99478 | PA      | $83561.35     | 0.17%             | 2024-11-01      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| CoreLogic Inc                               | CORELOGIC INC 06/02/28                                                          | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |    324181 | PA      | $265666.62    | 0.55%             | 2028-06-02      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| RLG Holdings LLC                            | RESOURCE LABEL 07/07/28                                                         | CUSIP: 74970AAB4<br>LEI: 254900Y6CDN3X5BPSO77 | Long             | LON              | CORP              | US        |     74624 | PA      | $70146.62     | 0.15%             | 2028-07-08      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| Nouryon USA LLC                             | NOURYON USA LLC 10/01/25                                                        | CUSIP: 000000000<br>LEI: 549300K7VB5G6LULFT41 | Long             | LON              | CORP              | US        |     39395 | PA      | $38331.14     | 0.08%             | 2025-10-01      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Tronox Finance LLC                          | TRONOX FINANCE L 04/30/29                                                       | CUSIP: 89705DAK8<br>LEI: 549300LMZ1DX1PWSP524 | Long             | LON              | CORP              | US        |     74625 | PA      | $73319.06     | 0.15%             | 2029-04-04      | Floating      | 7.38%                 | No            |                  3 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                | Focus Financial Partners LLC                                                    | CUSIP: 000000000<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    210000 | PA      | $206193.75    | 0.43%             | 2028-06-30      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| RED PLANET BORRO 10/02/28                   | RED PLANET BORRO 10/02/28                                                       | CUSIP: 57165KAB2<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |     74561 | PA      | $44310.70     | 0.09%             | 2028-09-30      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Grinding Media Inc                          | MOLYCOP (GRINDIN 09/22/28                                                       | CUSIP: 39854KAB6<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |     30192 | PA      | $27625.74     | 0.06%             | 2028-10-12      | Floating      | 7.87%                 | No            |                  3 | On Loan: No      |
| Graham Packaging Co Inc                     | GRAHAM PACKAGING 08/04/27                                                       | CUSIP: 38469EAD5<br>LEI: 549300YS0ZFT826HIK72 | Long             | LON              | CORP              | US        |     99494 | PA      | $97142.65     | 0.20%             | 2027-08-04      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                       | CITADEL SECURITI 02/02/28                                                       | CUSIP: 17288YAE2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     75000 | PA      | $74062.50     | 0.15%             | 2028-02-02      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC               | CAESARS RESORT C 12/23/24                                                       | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |     60442 | PA      | $59989.16     | 0.12%             | 2024-12-22      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPE 02/01/27                   | CHARTER COMM OPE 02/01/27                                                       | CUSIP: 16117LBX6<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    323333 | PA      | $314961.27    | 0.66%             | 2027-02-01      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                 | ASURION, LLC 08/17/28                                                           | CUSIP: 04649VBB5<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    116000 | PA      | $101210.00    | 0.21%             | 2028-08-19      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| CITGO Petroleum Corp                        | CITGO PETROLEUM 03/28/24                                                        | CUSIP: 17302UAM4<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | LON              | CORP              | US        |    144368 | PA      | $144308.06    | 0.30%             | 2024-03-28      | Floating      | 10.32%                | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                   | MILEAGE PLUS HOL 06/21/27                                                       | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    190000 | PA      | $195119.36    | 0.41%             | 2027-06-20      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                       | PHOENIX GUARANTO 03/05/26                                                       | CUSIP: 71913BAE2<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    124679 | PA      | $118107.88    | 0.25%             | 2026-03-05      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| ICU MEDICAL INC                             | ICU Medical Inc                                                                 | CUSIP: 000000000<br>LEI: 5493003NRW7LS2QZRH60 | Long             | LON              | CORP              | US        |    200000 | PA      | $192000.00    | 0.40%             | 2029-01-06      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| NortonLifeLock Inc                          | NORTONLIFELOCK 01/28/29                                                         | CUSIP: 66877AAD0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | LON              | CORP              | US        |    250000 | PA      | $245208.25    | 0.51%             | 2029-09-12      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     16352 | PA      | $14975.47     | 0.03%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                    | Trident TPI Holdings Inc                                                        | CUSIP: 00216EAF6<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |      4643 | PA      | $4443.68      | 0.01%             | 2028-09-17      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                      | ATHENAHEALTH GRO 02/15/29                                                       | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    170587 | PA      | $155477.90    | 0.32%             | 2029-02-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| American Seafoods Group LLC                 | AMERICAN SEAFOOD 08/21/23                                                       | CUSIP: 02944LAS7<br>LEI: TKLQFSH757GJCQN9KP38 | Long             | LON              | CORP              | US        |     32235 | PA      | $32154.40     | 0.07%             | 2023-08-21      | Floating      | 6.77%                 | No            |                  3 | On Loan: No      |
| WMB HOLDINGS INC                            | WMB Holdings Inc                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $122968.75    | 0.26%             | 2029-11-03      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit              | Bain Capital Credit CLO 2019-2                                                  | CUSIP: 05682LAJ6<br>LEI: 549300WZ8E2KQS66KT95 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $389777.20    | 0.81%             | 2032-10-17      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Bausch + Lomb Corp                          | BAUSCH & LOMB CO 08/31/27                                                       | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |     59850 | PA      | $56782.69     | 0.12%             | 2027-05-10      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT                      | VistaJet Malta Finance PLC / XO Management Holding Inc                          | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     75000 | PA      | $67875.00     | 0.14%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967MG3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225454.34    | 0.47%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Co LLC                   | GO 10/21/29                                                                     | CUSIP: 38017BAT3<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |     40000 | PA      | $39825.00     | 0.08%             | 2029-10-21      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| EVERI HOLDINGS INC                          | Everi Holdings Inc                                                              | CUSIP: 30034UAC4<br>LEI: 5299006DK5S7BG10K532 | Long             | LON              | CORP              | US        |    125000 | PA      | $123496.13    | 0.26%             | 2028-08-03      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| SIGNATURE AVIATI 06/09/29                   | SIGNATURE AVIATI 06/09/29                                                       | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |     17955 | PA      | $17823.10     | 0.04%             | 2029-07-01      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| McAfee Corp                                 | CONDOR MERGER SU 03/01/29                                                       | CUSIP: 57906HAD9<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |    249625 | PA      | $236450.29    | 0.49%             | 2029-03-01      | Floating      | 8.13%                 | No            |                  2 | 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      | $91710.89     | 0.19%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHG PPC Parent LLC                          | CHG PPC (C.H. GU 11/17/28                                                       | CUSIP: 12546FAF9<br>LEI: 54930019XJQNJAGXQ664 | Long             | LON              | CORP              | US        |     49750 | PA      | $47760.00     | 0.10%             | 2028-12-08      | Floating      | 7.14%                 | No            |                  3 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc          | CLEAR CHANNEL OU 08/21/26                                                       | CUSIP: 18452RAD7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $228007.75    | 0.47%             | 2026-08-21      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| ACCELERATED HEAL 02/15/29                   | ACCELERATED HEAL 02/15/29                                                       | CUSIP: 04747LAM5<br>LEI: 549300FAKU4HJQC25564 | Long             | LON              | CORP              | US        |    199500 | PA      | $167413.82    | 0.35%             | 2029-02-15      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATIONS                 | Consolidated Communications Inc                                                 | CUSIP: 20903EBB0<br>LEI: 549300WW675Y48HDVX34 | Long             | LON              | CORP              | US        |    100214 | PA      | $87401.12     | 0.18%             | 2027-10-02      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                            | Symphony CLO XVIII Ltd                                                          | CUSIP: 87154GAU9<br>LEI: 549300JQYSBIW1AM8R32 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $242267.00    | 0.50%             | 2033-07-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     24921 | PA      | $22823.25     | 0.05%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US Holdco 2 Inc             | BCPE NORTH STAR 06/09/28                                                        | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |     32081 | PA      | $29621.26     | 0.06%             | 2028-06-10      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| SOLARWINDS HOLDINGS INC                     | SolarWinds Holdings Inc                                                         | CUSIP: 000000000<br>LEI: 549300GUYI8M0E3S0X29 | Long             | LON              | CORP              | US        |     50000 | PA      | $49125.00     | 0.10%             | 2027-02-17      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                  | MAJORDRIVE HOLDI 06/01/28                                                       | CUSIP: 56085UAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149747 | PA      | $140996.53    | 0.29%             | 2028-06-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| DAVE & BUSTERS I 06/22/29                   | DAVE & BUSTERS I 06/22/29                                                       | CUSIP: 23833EAV6<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |     75000 | PA      | $74343.75     | 0.15%             | 2029-06-29      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                      | AI Aqua Merger Sub Inc                                                          | CUSIP: 00132UAL8<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |    101852 | PA      | $96600.16     | 0.20%             | 2028-07-30      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Lifetime Brands Inc                         | LIFETIME BRANDS, 02/28/25                                                       | CUSIP: 53223UAF0<br>LEI: 549300GS38DC0OHLYK32 | Long             | LON              | CORP              | US        |     22874 | PA      | $21501.72     | 0.04%             | 2025-02-28      | Floating      | 8.28%                 | No            |                  3 | On Loan: No      |
| US ANESTHESIA PA 10/01/28                   | US ANESTHESIA PA 10/01/28                                                       | CUSIP: 90350HAL3<br>LEI: 549300J001GMNRO7SQ51 | Long             | LON              | CORP              | US        |     49749 | PA      | $47460.30     | 0.10%             | 2028-10-01      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| AZZ Inc                                     | AZZ INCORPO 05/31/29                                                            | CUSIP: 00247NAG7<br>LEI: 549300HD1X2NFLWPYC83 | Long             | LON              | CORP              | US        |       308 | PA      | $306.28       | 0.00%             | 2029-05-13      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Central Parent Inc                          | CDK G 06/09/29                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    275000 | PA      | $271459.38    | 0.56%             | 2029-07-06      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| Paysafe Holdings US Corp                    | PAYSAFE HOLDINGS 06/28/28                                                       | CUSIP: 70451NAB2<br>LEI: 549300N8UN7DUDH51357 | Long             | LON              | CORP              | US        |     74622 | PA      | $69865.00     | 0.15%             | 2028-06-24      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Iris Holding Inc                            | IRIS HLDG INC 06/15/28                                                          | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |     62500 | PA      | $56968.75     | 0.12%             | 2028-06-28      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| DXP ENTERPRISES INC                         | DXP Enterprises Inc/TX                                                          | CUSIP: 23338DAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $47406.25     | 0.10%             | 2027-12-23      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| SONICWALL US HOL 05/16/25                   | SONICWALL US HOL 05/16/25                                                       | CUSIP: 83547MAB3<br>LEI: 549300KJE1MHNCWBX302 | Long             | LON              | CORP              | US        |     40593 | PA      | $39380.58     | 0.08%             | 2025-05-16      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc         | CLYDESDALE ACQUI 04/13/29                                                       | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    139650 | PA      | $134302.10    | 0.28%             | 2029-04-13      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                | UNIV 06/09/29                                                                   | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |     49875 | PA      | $49126.88     | 0.10%             | 2029-06-24      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| DUBOIS CHEMICALS 09/30/26                   | DUBOIS CHEMICALS 09/30/26                                                       | CUSIP: 23308UAG9<br>LEI: 549300MEVHE2MC7B1Q38 | Long             | LON              | CORP              | US        |    199368 | PA      | $191393.02    | 0.40%             | 2026-09-30      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Global Medical Response Inc                 | GLOBAL MED RESPO 10/02/25                                                       | CUSIP: 00169QAF6<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |     99746 | PA      | $78649.87     | 0.16%             | 2025-10-02      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                               | TRANSDIGM INC 12/09/25                                                          | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     99488 | PA      | $97900.46     | 0.20%             | 2025-12-09      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Grinding Media Inc                          | MOLYCOP (GRINDIN 09/22/28                                                       | CUSIP: 39854KAB6<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |     19060 | PA      | $17439.99     | 0.04%             | 2028-10-12      | Floating      | 7.87%                 | No            |                  3 | On Loan: No      |
| LATHAM POOL PROD 03/31/29                   | LATHAM POOL PROD 03/31/29                                                       | CUSIP: 51822LAE2<br>LEI: 5493003BF0K8YNW6X153 | Long             | LON              | CORP              | US        |     49750 | PA      | $45023.75     | 0.09%             | 2029-02-23      | Floating      | 7.81%                 | No            |                  2 | On Loan: No      |
| Calceus Acquisition Inc                     | CALCEUS ACQUISIT 02/12/25                                                       | CUSIP: 12868TAF9<br>LEI: 549300DNELMHPGI73N31 | Long             | LON              | CORP              | US        |     72945 | PA      | $66744.86     | 0.14%             | 2025-02-12      | Floating      | 9.37%                 | No            |                  2 | On Loan: No      |
| DELEK US HOLDINGS INC                       | Delek US Holdings Inc                                                           | CUSIP: 24664GAD3<br>LEI: 5493003O53JMENV1N385 | Long             | LON              | CORP              | US        |    151970 | PA      | $150449.90    | 0.31%             | 2025-03-30      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Entain Holdings Gibraltar Ltd               | E 10/18/29                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | GI        |    100000 | PA      | $98825.00     | 0.21%             | 2029-10-31      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management          | Dreyfus Government Cash Management                                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   4842389 | NS      | $4842389.07   | 10.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Harsco Corp                                 | HARSCO 03/05/28                                                                 | CUSIP: 41587CAR9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | LON              | CORP              | US        |     99496 | PA      | $92116.88     | 0.19%             | 2028-03-10      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| AP Gaming I LLC                             | AP GAMING I LLC 02/09/29                                                        | CUSIP: 00185NAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74625 | PA      | $72386.25     | 0.15%             | 2029-02-15      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Co Inc                         | BOXER PARENT CO 10/02/25                                                        | CUSIP: 05988HAE7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |     99275 | PA      | $95097.10     | 0.20%             | 2025-10-02      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp                           | VERTIV GROUP COR 03/02/27                                                       | CUSIP: 92537EAC2<br>LEI: 549300ZT8RQ5VK10E643 | Long             | LON              | CORP              | US        |     99494 | PA      | $96935.30     | 0.20%             | 2027-03-02      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Diamond Sports Group LLC                    | DIAMOND SPORTS G 08/24/26                                                       | CUSIP: 25277BAG3<br>LEI: 5493002K6DHWNZH8YA34 | Long             | LON              | CORP              | US        |    397995 | PA      | $63430.45     | 0.13%             | 2026-08-24      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco BV                            | REFRESCO (PEG 05/04/29                                                          | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    150000 | PA      | $145125.00    | 0.30%             | 2029-07-12      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| EIG Management Co LLC                       | EIG MANAGEMENT C 02/24/25                                                       | CUSIP: 26858HAB6<br>LEI: 5493007EDFEL0IR8BD89 | Long             | LON              | CORP              | US        |    124349 | PA      | $120618.49    | 0.25%             | 2025-02-24      | Floating      | 8.45%                 | No            |                  3 | On Loan: No      |
| Mamba Purchaser Inc                         | MAMBA PURCHASER 10/16/28                                                        | CUSIP: 56150KAB1<br>LEI: 549300EAB6F7TKRLOT57 | Long             | LON              | CORP              | US        |     49750 | PA      | $47511.25     | 0.10%             | 2028-10-14      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc                                | VT TOPCO, INC 08/01/25                                                          | CUSIP: 39355YAJ3<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |     69973 | PA      | $67960.92     | 0.14%             | 2025-08-03      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Recess Holdings Inc                         | RECESS HOLDINGS, 09/30/24                                                       | CUSIP: 72811HAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19634 | PA      | $19167.33     | 0.04%             | 2024-09-29      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| RENAISSANCE HOLDINGS COR                    | Renaissance Holdings Corp                                                       | CUSIP: 75972JAG9<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |    116708 | PA      | $111893.32    | 0.23%             | 2027-04-01      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyalty IP Ltd                   | AADVANTAGE LOYAL 04/20/28                                                       | CUSIP: 02376CBJ3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    350000 | PA      | $347375.00    | 0.72%             | 2028-04-20      | Floating      | 8.79%                 | No            |                  2 | On Loan: No      |
| LSF11 A5 HOLDCO 10/15/28                    | LSF11 A5 HOLDCO 10/15/28                                                        | CUSIP: 50216YAB6<br>LEI: 254900FPK7P5WNA66Y10 | Long             | LON              | CORP              | US        |    114425 | PA      | $110539.36    | 0.23%             | 2028-10-13      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 10 Year US Treasury Note                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -9 | NC      | $-6964.97     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Next Generation Inc                 | CHARTER NEXT GEN 12/01/27                                                       | CUSIP: 16125TAJ1<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |    124493 | PA      | $121269.84    | 0.25%             | 2027-12-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| GRINDING MEDIA I 10/12/28                   | GRINDING MEDIA I 10/12/28                                                       | CUSIP: 39854KAB6<br>LEI: 254900IYFJ03EGFQ8C34 | Long             | LON              | CORP              | US        |     37808 | PA      | $34594.44     | 0.07%             | 2028-10-12      | Floating      | 7.87%                 | No            |                  3 | On Loan: No      |
| ArchKey Holdings Inc                        | GATEWAY MERGER S 06/29/28                                                       | CUSIP: 03957NAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18342 | PA      | $17241.21     | 0.04%             | 2028-06-30      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc               | BRAND ENERGY & I 06/21/24                                                       | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |     11861 | PA      | $10398.17     | 0.02%             | 2024-06-21      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                   | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94322.33     | 0.20%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BCP Renaissance Parent LLC                  | BCP RENAISSANCE 10/31/26                                                        | CUSIP: 05549PAC5<br>LEI: 549300GVXMQFQZDSJR97 | Long             | LON              | CORP              | US        |    149610 | PA      | $147303.85    | 0.31%             | 2026-10-31      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| Kronos Acquisition Holdings Inc             | KRONOS ACQUISITI 12/22/26                                                       | CUSIP: 49387TAW6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52264 | PA      | $49537.76     | 0.10%             | 2026-12-22      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| GENESYS TELECOM 12/01/27                    | GENESYS TELECOM 12/01/27                                                        | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |     50758 | PA      | $49188.04     | 0.10%             | 2027-12-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                             | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46492.20     | 0.10%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BPR Nimbus LLC                              | GGP/BROOKFIELD RT 8/27/25                                                       | CUSIP: 11283HAB3<br>LEI: 5493006ZQ6LH85EKNL31 | Long             | LON              | CORP              | US        |     61480 | PA      | $60592.29     | 0.13%             | 2025-08-24      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc                          | HUNTER DOUGLAS ( 02/09/29                                                       | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |     60345 | PA      | $52525.00     | 0.11%             | 2029-02-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                              | Open Text Corp                                                                  | CUSIP: 000000000<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |     75000 | PA      | $72750.00     | 0.15%             | 2029-11-16      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| AERCAP (SETANTA) 11/02/28                   | AERCAP (SETANTA) 11/02/28                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    100000 | PA      | $98803.60     | 0.21%             | 2028-11-05      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T                    | Diversified Healthcare Trust                                                    | CUSIP: 25525PAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $41816.63     | 0.09%             | 2031-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand Inc                    | CORNERSTONE ONDE 10/16/28                                                       | CUSIP: 86803YAB9<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |    199499 | PA      | $177553.89    | 0.37%             | 2028-10-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| DOMTAR 10/01/28                             | DOMTAR 10/01/28                                                                 | CUSIP: 25755FAK6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | LON              | CORP              | US        |     80583 | PA      | $78434.36     | 0.16%             | 2028-11-30      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| Starwood Property Mortgage LLC              | STARWOOD 07/10/26                                                               | CUSIP: 85570DAD4<br>LEI: 5493008SB15CNJRIOK13 | Long             | LON              | CORP              | US        |    350000 | PA      | $343875.00    | 0.72%             | 2026-07-26      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                        | BlueMountain Fuji US Clo II Ltd                                                 | CUSIP: 09629EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $394113.20    | 0.82%             | 2030-10-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2015-1 Ltd                                                    | CUSIP: 69689ABL3<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $238018.25    | 0.50%             | 2034-05-21      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Titan Acquisition Ltd/Canada                | HUSKY IMS 3/18 C 03/15/25                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    125000 | PA      | $117291.63    | 0.24%             | 2025-03-28      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| LIGHTSTONE HOLDCO LLC                       | Lightstone Holdco LLC                                                           | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |      5340 | PA      | $4868.06      | 0.01%             | 2027-01-30      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION 06/02/28                   | SRS DISTRIBUTION 06/02/28                                                       | CUSIP: 78466YAN8<br>LEI: 549300ZQ3XP75BCYM468 | Long             | LON              | CORP              | US        |     99496 | PA      | $95314.29     | 0.20%             | 2028-06-04      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials Inc           | FOUNDATION BUILD 01/29/28                                                       | CUSIP: 35039KAB2<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |       252 | PA      | $238.95       | 0.00%             | 2028-01-29      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| ConvergeOne Holdings Inc                    | CONVERGEONE HOLD 01/04/26                                                       | CUSIP: 21249DAB4<br>LEI: 254900PRFQRQIU08WI18 | Long             | LON              | CORP              | US        |    274356 | PA      | $157449.71    | 0.33%             | 2026-01-04      | Floating      | 8.74%                 | No            |                  2 | On Loan: No      |
| CBAC Borrower LLC                           | CBAC BORROWER LL 07/08/24                                                       | CUSIP: 14983GAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74798 | PA      | $72897.11     | 0.15%             | 2024-07-07      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corp/The                   | DUN & BRADSTREET 01/31/29                                                       | CUSIP: 26483NAS9<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |    249373 | PA      | $245217.12    | 0.51%             | 2029-01-18      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| ASP Unifrax Holdings Inc                    | ASP UNIFRAX HOLD 12/12/25                                                       | CUSIP: 00216UAC7<br>LEI: 549300RRU6BWJLD0YT71 | Long             | LON              | CORP              | US        |    149225 | PA      | $135887.83    | 0.28%             | 2025-12-12      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| Ingram Micro Inc                            | INGRAM MICRO INC 06/30/28                                                       | CUSIP: 45258FAB6<br>LEI: 549300KJMEWPKRQZHX63 | Long             | LON              | CORP              | US        |    174558 | PA      | $172085.12    | 0.36%             | 2028-07-02      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| HS Purchaser LLC                            | HS PURCHASER LLC 11/30/26                                                       | CUSIP: 42351EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74617 | PA      | $67080.99     | 0.14%             | 2026-11-30      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                             | ALTAR BIDCO INC 02/01/29                                                        | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     55417 | PA      | $52244.07     | 0.11%             | 2029-02-01      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                            | NAB HOLDINGS LLC 11/18/28                                                       | CUSIP: 62871NAM7<br>LEI: 549300G4QOYNTNBXSH82 | Long             | LON              | CORP              | US        |    149749 | PA      | $145256.90    | 0.30%             | 2028-11-23      | Floating      | 7.12%                 | No            |                  2 | 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      | $65529.76     | 0.14%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fly Funding II Sarl                         | FLY FUNDING II S 08/11/25                                                       | CUSIP: 000000000<br>LEI: 54930033GL3A930IIN33 | Long             | LON              | CORP              | LU        |    250276 | PA      | $207207.57    | 0.43%             | 2025-08-09      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                 | Vistra Corp                                                                     | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95630.50     | 0.20%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTA 01/31/29                   | FERTITTA ENTERTA 01/31/29                                                       | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |     74687 | PA      | $71246.43     | 0.15%             | 2029-01-27      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Dairyland USA Corp                          | CHEFS WAREHOUSE 08/17/29                                                        | CUSIP: 16308TAE1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     54000 | PA      | $53190.00     | 0.11%             | 2029-08-23      | Floating      | 8.81%                 | No            |                  3 | On Loan: No      |
| Hudson River Trading LLC                    | HUDSON RIVER TRA 03/20/28                                                       | CUSIP: 44413EAF5<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |    273989 | PA      | $254410.23    | 0.53%             | 2028-03-18      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                         | Medline Borrower LP                                                             | CUSIP: 58503UAC7<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    100000 | PA      | $94859.40     | 0.20%             | 2028-10-21      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| University Support Services LLC             | UNIVERSITY SUPPO 02/10/29                                                       | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256765 | PA      | $249062.17    | 0.52%             | 2029-02-10      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| AL GCX Holdings LLC                         | ARCLIGHT (AL GCX 04/22/29                                                       | CUSIP: 00162DAB1<br>LEI: 2549009G4C2J89LNWS21 | Long             | LON              | CORP              | US        |     74812 | PA      | $74064.38     | 0.15%             | 2029-05-18      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Spectrum Group Buyer Inc                    | SPECTRUM GROUP B 05/19/28                                                       | CUSIP: 84762UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $142312.50    | 0.30%             | 2028-05-19      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| Acrisure LLC                                | ACRISURE 02/15/27                                                               | CUSIP: 00488PAN5<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    349496 | PA      | $328526.45    | 0.68%             | 2027-02-15      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings Inc                    | TRIDENT TPI HOLD 10/17/24                                                       | CUSIP: 00216EAB5<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |     99478 | PA      | $98498.54     | 0.20%             | 2024-10-05      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                | MH SUB I LLC 09/13/24                                                           | CUSIP: 45567YAJ4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74607 | PA      | $72667.53     | 0.15%             | 2024-09-15      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                    | Adtalem Global Education Inc                                                    | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    350000 | PA      | $326969.27    | 0.68%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pregis TopCo LLC                            | PREGIS TOPCO COR 07/24/26                                                       | CUSIP: 74045BAC1<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |     49744 | PA      | $47676.78     | 0.10%             | 2026-08-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 48128BAG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $930284.31    | 1.94%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Logan CLO II Ltd                            | Logan CLO II Ltd                                                                | CUSIP: 540544AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $237643.50    | 0.49%             | 2035-01-20      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| White Cap Buyer LLC                         | WHITE CAP SUPPLY 10/19/27                                                       | CUSIP: 96350TAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99499 | PA      | $95656.99     | 0.20%             | 2027-10-19      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| American Trailer World Corp                 | AMERICAN TRAILER 03/03/28                                                       | CUSIP: 03028BAB3<br>LEI: 254900WNYWX3HF6TKT69 | Long             | LON              | CORP              | US        |    120209 | PA      | $104100.66    | 0.22%             | 2028-03-03      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| Petco Health & Wellness Co Inc              | PETCO HEALTH AND 03/03/28                                                       | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    299495 | PA      | $290010.83    | 0.60%             | 2028-03-04      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings Inc                 | SURGERY CENTER H 08/31/26                                                       | CUSIP: 86880NAX1<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |     99495 | PA      | $97469.53     | 0.20%             | 2026-08-31      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967MK4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $336312.85    | 0.70%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Inmar Inc                                   | INMAR INC 05/01/24                                                              | CUSIP: 45763FAN8<br>LEI: 549300N1ML5MXXFIDZ25 | Long             | LON              | CORP              | US        |     59685 | PA      | $54089.57     | 0.11%             | 2024-05-01      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| H-Food Holdings LLC                         | H-FOOD HOLDINGS 05/23/25                                                        | CUSIP: 40422KAB7<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |     74610 | PA      | $64407.41     | 0.13%             | 2025-05-31      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| CPM Holdings Inc                            | CPM HOLDINGS INC 11/17/25                                                       | CUSIP: 12654NAC7<br>LEI: 549300FBUISJCXV8IB65 | Long             | LON              | CORP              | US        |     74612 | PA      | $73269.26     | 0.15%             | 2025-11-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                            | CSC HOLDINGS LLC 04/15/27                                                       | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |    124679 | PA      | $116679.18    | 0.24%             | 2027-04-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| GREAT CANADIAN G 11/01/26                   | GREAT CANADIAN G 11/01/26                                                       | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |    324812 | PA      | $317098.20    | 0.66%             | 2026-11-01      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| GAP INC/THE                                 | Gap Inc/The                                                                     | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |     75000 | PA      | $56617.00     | 0.12%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HYSTER-YALE GROUP INC                       | Hyster-Yale Group Inc                                                           | CUSIP: 44932EAD2<br>LEI: 549300YQQLNL8QCBYH04 | Long             | LON              | CORP              | US        |    100000 | PA      | $90500.00     | 0.19%             | 2028-05-28      | Floating      | 7.57%                 | No            |                  3 | On Loan: No      |
| AMERICAN TRAILER WORLD                      | American Trailer World Corp                                                     | CUSIP: 03028BAB3<br>LEI: 254900WNYWX3HF6TKT69 | Long             | LON              | CORP              | US        |     47240 | PA      | $40909.50     | 0.09%             | 2028-03-03      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| MLN US HOLDCO LLC                           | MLN US HOLDCO LLC                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21989 | PA      | $21182.36     | 0.04%             | 2027-10-18      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                         | Midocean Credit Clo VII                                                         | CUSIP: 59801WAM8<br>LEI: 5493004MLF21SFT7F415 | Long             | ABS-CBDO         | CORP              | KY        |    314662 | PA      | $309115.32    | 0.64%             | 2029-07-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| CONNECTWISE LLC                             | ConnectWise LLC                                                                 | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49750 | PA      | $47660.20     | 0.10%             | 2028-09-30      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services Inc               | BRAND ENERGY & I 06/21/24                                                       | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |       131 | PA      | $114.75       | 0.00%             | 2024-06-21      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $567168.92    | 1.18%             | N/A             | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALLEN MEDIA LLC 02/10/27                    | ALLEN MEDIA LLC 02/10/27                                                        | CUSIP: 01771JAG8<br>LEI: 549300ERNJNM4RN5JP79 | Long             | LON              | CORP              | US        |    164158 | PA      | $134062.45    | 0.28%             | 2027-02-10      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| PERSTORP HOLDING AB                         | Perstorp Holding AB                                                             | CUSIP: 000000000<br>LEI: 549300ES84TRW7EWGU35 | Long             | LON              | CORP              | SE        |     99742 | PA      | $98827.27     | 0.21%             | 2026-02-26      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC      | GENESYS TELECOM 12/01/27                                                        | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |     23862 | PA      | $23123.60     | 0.05%             | 2027-12-01      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                    | VISTRA OPERATION 12/31/25                                                       | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |     19746 | PA      | $19569.15     | 0.04%             | 2025-12-31      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| NEENAH INC                                  | Neenah Inc                                                                      | CUSIP: 64007GAC7<br>LEI: 8SR38IKUT3O1F1I6VH65 | Long             | LON              | CORP              | US        |    199496 | PA      | $197501.26    | 0.41%             | 2028-04-06      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust Inc               | BLACKSTONE MORTG 04/23/26                                                       | CUSIP: 09259GAE3<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | LON              | CORP              | US        |     99747 | PA      | $97377.84     | 0.20%             | 2026-04-23      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                             | BROOKS AUTOMATIO 02/01/29                                                       | CUSIP: 02090CAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     44333 | PA      | $41795.25     | 0.09%             | 2029-02-01      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                        | LIFEPOINT HEALTH 11/17/25                                                       | CUSIP: 75915TAD4<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    250000 | PA      | $231531.25    | 0.48%             | 2025-11-16      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                          | Bausch + Lomb Corp                                                              | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    150000 | PA      | $142312.50    | 0.30%             | 2027-05-10      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Bracket Intermediate Holding Corp           | BRACKET INTERMED 09/05/25                                                       | CUSIP: 10378RAF0<br>LEI: 54930011OZELK2VOFB56 | Long             | LON              | CORP              | US        |     99740 | PA      | $95750.65     | 0.20%             | 2025-09-05      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| TK Elevator US Newco Inc                    | TK ELEVATOR MIDC 07/30/27                                                       | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |     77622 | PA      | $74299.10     | 0.15%             | 2027-07-31      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc             | CORNERSTONE BLDG 08/01/28                                                       | CUSIP: 21925FAB0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |     75000 | PA      | $69500.03     | 0.14%             | 2028-08-01      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| Skillsoft Finance II Inc                    | SKILLSOFT (US) C 07/14/28                                                       | CUSIP: 83066YAB8<br>LEI: 549300LDUD35NU8F0G43 | Long             | LON              | CORP              | US        |    189380 | PA      | $156120.35    | 0.32%             | 2028-07-16      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| EG America LLC                              | EG AMERICA LLC 02/07/25                                                         | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     87768 | PA      | $80015.06     | 0.17%             | 2025-02-05      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                          | CP Atlas Buyer Inc                                                              | CUSIP: 12658HAG7<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | LON              | CORP              | US        |     75000 | PA      | $65687.48     | 0.14%             | 2027-11-23      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| United Airlines Inc                         | UNITED AIRLINES 04/21/28                                                        | CUSIP: 90932RAJ3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |    299558 | PA      | $295485.73    | 0.61%             | 2028-04-21      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                        | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $65751.62     | 0.14%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Air Canada                                  | AIR CANADA 07/27/28                                                             | CUSIP: 000000000<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |    149625 | PA      | $147407.41    | 0.31%             | 2028-08-11      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA                | INTELSAT JACKSON 02/01/29                                                       | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | LON              | CORP              | LU        |    296746 | PA      | $286112.78    | 0.60%             | 2029-02-01      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Inc                          | HUNTER DOUGLAS I 02/09/29                                                       | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    164343 | PA      | $143046.82    | 0.30%             | 2029-02-25      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Intrado Corp                                | INTRADO CORP 10/10/24                                                           | CUSIP: 68162RAC5<br>LEI: 5493005Z5DB0O5S30R71 | Long             | LON              | CORP              | US        |     24582 | PA      | $22512.87     | 0.05%             | 2024-10-10      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                  | AVIS BUDGET CAR 08/06/27                                                        | CUSIP: 05377JAR3<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | LON              | CORP              | US        |    198977 | PA      | $188437.37    | 0.39%             | 2027-08-06      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Polaris Newco LLC                           | POLARIS NEWCO LL 06/02/28                                                       | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    199497 | PA      | $181685.15    | 0.38%             | 2028-06-04      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Finastra USA Inc                            | FINASTRA USA INC 06/13/24                                                       | CUSIP: 02034DAC1<br>LEI: 549300ZB2RO6QC7YTK71 | Long             | LON              | CORP              | US        |     60103 | PA      | $54256.56     | 0.11%             | 2024-06-13      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| FIRST STUDENT BI 07/21/28                   | FIRST STUDENT BI 07/21/28                                                       | CUSIP: 33718FAF7<br>LEI: 2549006DRO2F06AA1391 | Long             | LON              | CORP              | US        |     11364 | PA      | $10835.71     | 0.02%             | 2028-07-21      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC                      | Spirit AeroSystems Inc                                                          | CUSIP: 84857HAY6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | LON              | CORP              | US        |    225000 | PA      | $221718.83    | 0.46%             | 2027-11-23      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| ORBCOMM Inc                                 | ORBCOMM 06/17/28                                                                | CUSIP: 68558RAB9<br>LEI: 529900PSC8WVCY267I23 | Long             | LON              | CORP              | US        |    100756 | PA      | $87028.26     | 0.18%             | 2028-09-01      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 060505FQ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    150000 | PA      | $129731.26    | 0.27%             | N/A             | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| RED PLANET BORROWER LLC                     | Red Planet Borrower LLC                                                         | CUSIP: 57165KAB2<br>LEI: 254900LGTHBRY5NA0C90 | Long             | LON              | CORP              | US        |     24936 | PA      | $14819.26     | 0.03%             | 2028-09-30      | Floating      | 7.89%                 | No            |                  2 | On Loan: No      |
| WideOpenWest Finance LLC                    | WIDEOPENWEST 12/08/28                                                           | CUSIP: 96758DBD4<br>LEI: 54930045JY28O5B5WE54 | Long             | LON              | CORP              | US        |    198998 | PA      | $194470.31    | 0.40%             | 2028-12-20      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Sovos Compliance LLC                        | SOVOS COMPLIANCE 08/11/28                                                       | CUSIP: 84611YAB6<br>LEI: 549300M9XYG5WP2QHH07 | Long             | LON              | CORP              | US        |     99536 | PA      | $97094.12     | 0.20%             | 2028-08-12      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| CONAIR HOLDINGS 05/17/28                    | CONAIR HOLDINGS 05/17/28                                                        | CUSIP: 20600RAB8<br>LEI: 549300804G00T34FLV17 | Long             | LON              | CORP              | US        |    149434 | PA      | $124777.53    | 0.26%             | 2028-05-17      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| CCI Buyer Inc                               | CCI BUYER INC 12/17/27                                                          | CUSIP: 12510EAC1<br>LEI: 254900TMV7DAFRQALU04 | Long             | LON              | CORP              | US        |    249115 | PA      | $240458.45    | 0.50%             | 2027-12-17      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| WMB Holdings Inc                            | CORPORATION SERV 08/08/29                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     46000 | PA      | $45252.50     | 0.09%             | 2029-11-03      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| EG America LLC                              | EG AMERICA LLC 02/07/25                                                         | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     11712 | PA      | $10677.10     | 0.02%             | 2025-02-05      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings Inc                    | TEKNI-PLEX (TRID 07/29/28                                                       | CUSIP: 00216EAF6<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |      4643 | PA      | $4443.67      | 0.01%             | 2028-09-17      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                        | INEOS US Finance LLC                                                            | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |     35000 | PA      | $34501.25     | 0.07%             | 2027-11-08      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC                              | VFH PARENT LLC 01/31/29                                                         | CUSIP: 000000000<br>LEI: 549300FRO9M476YHHY64 | Long             | LON              | CORP              | US        |    295000 | PA      | $285904.27    | 0.59%             | 2029-01-13      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| LABL INC                                    | LABL Inc                                                                        | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    150000 | PA      | $142242.15    | 0.30%             | 2028-10-29      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Holdings Inc         | REYNOLDS GROUP 02/16/26                                                         | CUSIP: 76173FAW7<br>LEI: 5493002QNV81KCX40V06 | Long             | LON              | CORP              | US        |     23090 | PA      | $22738.09     | 0.05%             | 2026-02-05      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| Crown Subsea Communications Holding Inc     | CROWN SUBSEA COM 04/27/27                                                       | CUSIP: 22860EAE2<br>LEI: 5493003AYLUE132FIO27 | Long             | LON              | CORP              | US        |    250000 | PA      | $243125.00    | 0.51%             | 2027-04-27      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                 | Vistra Corp                                                                     | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89798.57     | 0.19%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fogo De Chao Inc                            | FOGO DE CHAO INC 04/07/25                                                       | CUSIP: 74166RAD7<br>LEI: 549300MOPGNZTXUHVM05 | Long             | LON              | CORP              | US        |    125000 | PA      | $116979.13    | 0.24%             | 2025-04-05      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| XPO LOGISTICS IN 02/24/25                   | XPO LOGISTICS IN 02/24/25                                                       | CUSIP: 98379EAE6<br>LEI: 54930096DB9LCLPN7H13 | Long             | LON              | CORP              | US        |     50000 | PA      | $49638.90     | 0.10%             | 2025-02-23      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                      | ATHENAHEALTH 02/15/29                                                           | CUSIP: 04686RAC7<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     14493 | PA      | $13209.11     | 0.03%             | 2029-02-15      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Empire Today LLC                            | EMPIRE TODAY LLC 04/03/28                                                       | CUSIP: 29210RAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    124496 | PA      | $92827.26     | 0.19%             | 2028-04-01      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| City Brewing Co LLC                         | CITY BREWING 03/31/28                                                           | CUSIP: 17776EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199246 | PA      | $122203.90    | 0.25%             | 2028-04-05      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| AI AQUA MERGER SUB INC                      | AI Aqua Merger Sub Inc                                                          | CUSIP: 00132UAM6<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |     23148 | PA      | $21954.59     | 0.05%             | 2028-07-30      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                           | General Motors Co                                                               | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    105000 | PA      | $100916.87    | 0.21%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Win Waste Innovations Holdings Inc          | WIN WASTE (GRANI 03/31/28                                                       | CUSIP: 38723BAJ0<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |    124370 | PA      | $121105.56    | 0.25%             | 2028-03-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Alltech Inc                                 | ALLTECH INC 10/13/28                                                            | CUSIP: 02003DAX2<br>LEI: 549300HV8FN6KMLFMN67 | Long             | LON              | CORP              | US        |     45000 | PA      | $41850.00     | 0.09%             | 2028-10-15      | Floating      | 7.90%                 | No            |                  3 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                    | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38000 | PA      | $29267.10     | 0.06%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co       | BWAY CORP 04/03/24                                                              | CUSIP: 05604XAP1<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |     99475 | PA      | $96341.60     | 0.20%             | 2024-04-03      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| Daseke Cos Inc                              | DASEKE INC 03/09/28                                                             | CUSIP: 23752RAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     62184 | PA      | $60124.48     | 0.13%             | 2028-03-09      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** PGIM ETF Trust

**Signature:** Christian J. Kelly

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

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