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        <name>AvalonBay Communities, Inc.</name>
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        <name>Amgen Inc.</name>
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        <name>Invitation Homes Operating Partnership Lp</name>
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        <name>Totalenergies Capital USA LLC</name>
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        <name>Enbridge Inc.</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>Boeing Co.</name>
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        <name>Volkswagen Group of America Finance LLC</name>
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        <name>Bank of America Corp.</name>
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        <name>Magna International Inc</name>
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        <name>Meta Platforms Inc</name>
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        <name>AbbVie Inc.</name>
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        <name>Health Care Service Corp A Mutual Legal Reserve Co.</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>Yara International ASA</name>
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        <name>Simon Property Group LP</name>
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        <name>Humana Inc.</name>
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        <name>MPLX LP</name>
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        <name>Host Hotels &amp; Resorts, L.P.</name>
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        <name>B.A.T. Capital Corporation</name>
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        <name>Williams Companies Inc. (The)</name>
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        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
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        <name>Santos Finance Ltd.</name>
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        <name>MSCI Inc.</name>
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        <name>Alphabet Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Toyota Motor Credit Corp.</name>
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        <name>Gallagher Aj &amp;Co</name>
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        <name>Textron Inc.</name>
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        <name>Verisk Analytics, Inc.</name>
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        <name>Ontario Teachers Cadillac Fairview Properties Trust</name>
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        <name>VICI Properties LP</name>
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        <name>PacifiCorp.</name>
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        <name>Unum Group</name>
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        <name>Gildan Activewear Inc.</name>
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        <name>McDonald's Corp.</name>
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        <name>Arizona Public Service Company</name>
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        <name>W. P. Carey Inc</name>
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        <name>CREDIT AGRICOLE SA</name>
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        <name>Smithfield Foods Inc</name>
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        <name>TEXAS NAT GAS SECURITIZATION FIN CORP</name>
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        <issuerCat>MUN</issuerCat>
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        <name>Entergy Louisiana LLC</name>
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        <name>Commonwealth Edison Company</name>
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        <title>EXC 4.9 02/01/33</title>
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        <name>ConocoPhillips Co.</name>
        <lei>6VJJ5GQWIRDQ06DUXG89</lei>
        <title>COP 6.8 03/15/32</title>
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        <name>GLP CAPITAL LP</name>
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        <name>Broadcom Inc</name>
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        <title>AVGO 4.6 01/15/33</title>
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        <name>CDW LLC / CDW Finance Corp</name>
        <lei>N/A</lei>
        <title>CDW 3.276 12/01/28</title>
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        <name>BEIGNET INV LLC</name>
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        <name>Aker BP ASA</name>
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        <title>AKERBP 6 06/13/33 144A</title>
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        <name>Ontario Teachers Cadillac Fairview Properties Trust</name>
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        <title>CFPTCN 2.5 10/15/31 144A</title>
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        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>RCICN 5.3 02/15/34</title>
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        <name>Brixmor Operating Partnership LP</name>
        <lei>549300CJHBL7JBUA6503</lei>
        <title>BRX 5.5 02/15/34</title>
        <cusip>11120VAM5</cusip>
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        <name>Western Midstream Operating LP</name>
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        <name>Citigroup Inc.</name>
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        <name>Synopsys Inc</name>
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        <name>Oracle Corp.</name>
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        <name>The Cigna Group</name>
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        <name>COPT Defense Properties LP</name>
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        <name>The Bank of New York Mellon Corp.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>CVS Health Corp</name>
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        <name>Public Service Company of Colorado</name>
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        <name>AutoNation, Inc.</name>
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        <name>UBS Group AG</name>
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        <name>Ares Strategic Income Fund</name>
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        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
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        <name>Jefferies Financial Group Inc</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>JEF 5.5 02/15/36</title>
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        <name>Bunge Ltd Finance Corp.</name>
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        <name>Aptargroup Inc.</name>
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        <name>Smithfield Foods Inc</name>
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        <name>Kinross Gold Corp.</name>
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        <name>Realty Income Corporation</name>
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        <name>NSTAR Electric Company</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Oneok Inc.</name>
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        <name>Citigroup Inc.</name>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>Quanta Services, Inc.</name>
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        <name>Verizon Communications Inc.</name>
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        <name>General Motors Financial Company Inc</name>
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        <name>Societe Generale S.A.</name>
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        <name>Comcast Corporation</name>
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        <name>Philip Morris International Inc.</name>
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        <name>Gildan Activewear Inc.</name>
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        <name>Amgen Inc.</name>
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        <name>United States Treasury Notes</name>
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        <name>Regency Centers, L.P.</name>
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        <name>EOG Resources Inc.</name>
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        <name>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</name>
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        <name>Fiserv Inc.</name>
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        <name>Harley-Davidson Financial Services Inc.</name>
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        <name>Sun Communities Operating Limited Partnership</name>
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        <name>B.A.T. Capital Corporation</name>
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        <name>EMD Finance LLC</name>
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        <name>Barclays PLC</name>
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        <name>UnitedHealth Group Inc.</name>
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        <name>HSBC Holdings PLC</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>AbbVie Inc.</name>
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        <name>BHP Billiton Finance (USA) Ltd.</name>
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        <name>Goldman Sachs Private Credit Corp.</name>
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        <name>Florida Power &amp; Light Co.</name>
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        <name>Lineage OP LP</name>
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        <name>AT&amp;T Inc</name>
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        <name>Vici Properties Inc</name>
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        <name>Jacobs Solutions Inc.</name>
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        <title>J 5.375 03/03/36</title>
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        <name>Citadel Finance LLC</name>
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        <name>Cenovus Energy Inc</name>
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        <name>Southern California Edison Company</name>
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        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TD 4.928 10/15/35</title>
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        <name>Ventas Realty Limited Partnership</name>
        <lei>32SXKSJ72K64GM3HOU64</lei>
        <title>VTR 5.625 07/01/34</title>
        <cusip>92277GAX5</cusip>
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          <isin value="US92277GAX51"/>
        </identifiers>
        <balance>946000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>995555.52000000</valUSD>
        <pctVal>0.183062952088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 3.85 07/15/36</title>
        <cusip>68389XBH7</cusip>
        <identifiers>
          <isin value="US68389XBH70"/>
        </identifiers>
        <balance>932000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>794917.03000000</valUSD>
        <pctVal>0.146169505621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elevance Health Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
        <title>ELV 5.95 12/15/34</title>
        <cusip>94973VAH0</cusip>
        <identifiers>
          <isin value="US94973VAH06"/>
        </identifiers>
        <balance>1238000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1336361.63000000</valUSD>
        <pctVal>0.245730449112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern California Gas Co.</name>
        <lei>XY0N0J73VHV5F4CUJV89</lei>
        <title>SRE 5.05 09/01/34</title>
        <cusip>842434DB5</cusip>
        <identifiers>
          <isin value="US842434DB54"/>
        </identifiers>
        <balance>6040000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6208403.82000000</valUSD>
        <pctVal>1.141602560798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>OKE 5.05 11/01/34</title>
        <cusip>682680CE1</cusip>
        <identifiers>
          <isin value="US682680CE12"/>
        </identifiers>
        <balance>1571000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1576597.32000000</valUSD>
        <pctVal>0.289905036792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyatt Hotels Corporation</name>
        <lei>T27JQIMTYSH41TCD5186</lei>
        <title>H 5.4 12/15/35</title>
        <cusip>448579AW2</cusip>
        <identifiers>
          <isin value="US448579AW20"/>
        </identifiers>
        <balance>844000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>861250.62000000</valUSD>
        <pctVal>0.158366939681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.40000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boeing Co.</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>BA 3.25 02/01/35</title>
        <cusip>097023CP8</cusip>
        <identifiers>
          <isin value="US097023CP81"/>
        </identifiers>
        <balance>2308000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2055419.73000000</valUSD>
        <pctVal>0.377950999212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORCL 6.25 11/09/32</title>
        <cusip>68389XCJ2</cusip>
        <identifiers>
          <isin value="US68389XCJ28"/>
        </identifiers>
        <balance>1467000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1549372.91000000</valUSD>
        <pctVal>0.284899006728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Foundry JV Holdco LLC.</name>
        <lei>21380048QROAMGM6EP30</lei>
        <title>FABSJV 5.5 01/25/31</title>
        <cusip>350930AF0</cusip>
        <identifiers>
          <isin value="US350930AF07"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443486.95000000</valUSD>
        <pctVal>0.081548470827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aptiv PLC / Aptiv Global Financing DAC</name>
        <lei>N/A</lei>
        <title>APTV 5.15 09/13/34</title>
        <cusip>03837AAB6</cusip>
        <identifiers>
          <isin value="US03837AAB61"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>512889.80000000</valUSD>
        <pctVal>0.094310281042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-09-13</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF V6.377 06/08/34</title>
        <cusip>14040HDA0</cusip>
        <identifiers>
          <isin value="US14040HDA05"/>
        </identifiers>
        <balance>5929000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6429159.35000000</valUSD>
        <pctVal>1.182195132684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTERPOINT ENERGY RESOURCES CORP</name>
        <lei>2JADVB0458J06WCD4N56</lei>
        <title>CNP 4.85 04/01/36 AR</title>
        <cusip>15189XBL1</cusip>
        <identifiers>
          <isin value="US15189XBL10"/>
        </identifiers>
        <balance>1580000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1585658.78000000</valUSD>
        <pctVal>0.291571259905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V5.502 01/24/36</title>
        <cusip>46647PEW2</cusip>
        <identifiers>
          <isin value="US46647PEW23"/>
        </identifiers>
        <balance>10217000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10740384.79000000</valUSD>
        <pctVal>1.974944145985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50200000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SRE V4.125 04/01/52</title>
        <cusip>816851BM0</cusip>
        <identifiers>
          <isin value="US816851BM02"/>
        </identifiers>
        <balance>1771000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1748874.82000000</valUSD>
        <pctVal>0.321583458633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CF Industries, Inc.</name>
        <lei>5FVKT86LAD2F40NPC183</lei>
        <title>CF 5.15 03/15/34</title>
        <cusip>12527GAF0</cusip>
        <identifiers>
          <isin value="US12527GAF00"/>
        </identifiers>
        <balance>1528000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1554359.72000000</valUSD>
        <pctVal>0.285815982368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.15000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Motorola Solutions Inc</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>MSI 5.55 08/15/35</title>
        <cusip>620076CC1</cusip>
        <identifiers>
          <isin value="US620076CC16"/>
        </identifiers>
        <balance>1696000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1784993.22000000</valUSD>
        <pctVal>0.328224917392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.55000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>News Corporation</name>
        <lei>549300ITS31QK8VRBQ14</lei>
        <title>NWSA 5.125 02/15/32 144A</title>
        <cusip>65249BAB5</cusip>
        <identifiers>
          <isin value="US65249BAB53"/>
        </identifiers>
        <balance>1520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1510867.18000000</valUSD>
        <pctVal>0.277818565241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>PGIM ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
