PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.9% | |||||
Municipal Bonds | |||||
Alabama 1.7% | |||||
Alabama Pub. Sch. & Clg. Auth. Rev., Social Bonds, Series A, Rfdg. | 5.000 % | 11/01/28 | 1,265 | $1,642,425 | |
Black Belt Energy Gas Dist. Rev., | |||||
Proj. 4, Series A-1 (Mandatory put date 12/01/25) | 4.000(cc) | 12/01/49 | 3,990 | 4,538,386 | |
Proj. 5, Series A-1 (Mandatory put date 10/01/26) | 4.000(cc) | 10/01/49 | 3,000 | 3,467,790 | |
Rfdg. (Mandatory put date 12/01/31) | 4.000(cc) | 06/01/51 | 2,000 | 2,486,020 | |
Jefferson Cnty. Swr. Rev., | |||||
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.000 | 10/01/44 | 500 | 554,205 | |
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.250 | 10/01/48 | 500 | 555,910 | |
Mobile Indl. Dev. Brd. Rev., Alabama Pwr. Co. Barry, Rmkt. (Mandatory put date 06/26/25) | 1.000(cc) | 06/01/34 | 1,000 | 1,018,780 | |
Selma Indl. Dev. Brd. Rev., Int’l Paper Co. Proj., Series A, Rfdg. (Mandatory put date 06/16/25) | 1.375(cc) | 05/01/34 | 1,600 | 1,639,184 | |
Southeast Energy Auth. Cooperative Dist. Rev., Proj. 1, Series A (Mandatory put date 10/01/28) | 4.000(cc) | 11/01/51 | 1,000 | 1,188,770 | |
17,091,470 | |||||
Alaska 1.2% | |||||
Alaska Indl. Dev. & Export Auth. Rev., | |||||
Tanana Chiefs Conference Proj., Series A | 4.000 | 10/01/49 | 3,000 | 3,364,350 | |
Tanana Chiefs Conference Proj., Series A | 5.000 | 10/01/31 | 1,555 | 1,959,595 | |
Alaska Muni. Bond Bank Auth. Rev., Rfdg. | 5.000 | 12/01/26 | 1,350 | 1,660,298 | |
Valdez Rev., | |||||
Exxon Pipeline Co. Proj., Series B, Rfdg., FRDD (Mandatory put date 06/01/21) | 0.010(cc) | 12/01/33 | 400 | 400,000 | |
Exxon Pipeline Co. Proj., Series C, Rfdg., FRDD (Mandatory put date 06/01/21) | 0.010(cc) | 12/01/33 | 1,400 | 1,400,000 | |
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.020(cc) | 12/01/29 | 3,025 | 3,025,000 | |
11,809,243 | |||||
Arizona 3.2% | |||||
Arizona Hlth. Facs. Auth. Rev., Banner Hlth., Series B, 3 Month LIBOR + 0.810% | 0.945(c) | 01/01/37 | 2,280 | 2,273,554 | |
Arizona Indl. Dev. Auth. Rev., | |||||
Phoenix Children’s Hosp., Series A | 5.000 | 02/01/29 | 650 | 841,158 |
1
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Arizona (cont’d.) | |||||
Arizona Indl. Dev. Auth. Rev., (cont’d.) | |||||
Phoenix Children’s Hosp., Series A | 5.000 % | 02/01/30 | 300 | $395,361 | |
Chandler Indl. Dev. Auth. Rev., Intel Corp., AMT (Mandatory put date 06/03/24) | 5.000(cc) | 06/01/49 | 1,035 | 1,170,844 | |
Maricopa Cnty. Indl. Dev. Auth. Rev., Banner Hlth., Series A | 5.000 | 01/01/41 | 1,000 | 1,229,900 | |
Maricopa Cnty. Spl. HealthCare Dist., Series D, GO(hh) | 5.000 | 07/01/28 | 850 | 1,085,000 | |
Phoenix Civic Impvt. Corp. Rev., | |||||
Jr. Lien, Series B, AMT | 5.000 | 07/01/29 | 2,000 | 2,573,900 | |
Series A, AMT | 5.000 | 07/01/47 | 2,000 | 2,376,940 | |
Sr. Lien, AMT | 5.000 | 07/01/48 | 2,000 | 2,414,080 | |
Sr. Lien, Rfdg., AMT | 5.000 | 07/01/32 | 1,200 | 1,306,140 | |
Pima Cnty. Indl. Dev. Auth. Rev., Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000 | 09/01/29 | 2,000 | 2,125,300 | |
Salt River Proj. Agric. Impvt. & Pwr. Dist. Elec. Sys. Rev., | |||||
Forward Delivery, Series A, Rfdg.(hh) | 5.000 | 01/01/28 | 875 | 1,094,249 | |
Series A, Rfdg. | 4.000 | 01/01/38 | 2,000 | 2,309,520 | |
Salt Verde Finl. Corp. Rev., | |||||
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/32 | 2,800 | 3,699,528 | |
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/37 | 3,505 | 4,889,755 | |
Sr. Gas Rev., Sr. Bonds | 5.250 | 12/01/26 | 2,180 | 2,665,464 | |
32,450,693 | |||||
California 10.5% | |||||
Alameda Corridor Trans. Auth. Rev., 2nd Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/37 | 1,500 | 1,781,580 | |
Anaheim Pub. Fing. Auth. Lease Rev., Sr. Pub. Impvts. Proj., Series A, AGM | 6.000 | 09/01/24 | 4,945 | 5,418,335 | |
Bay Area Toll Auth. Rev., Series F-1 (Pre-refunded date 04/01/27)(ee) | 5.000 | 04/01/56 | 2,000 | 2,505,140 | |
California Cnty. Tob. Secur. Agcy. Rev., Conv. Bonds, Asset Bkd., Series B, Rfdg. | 5.100 | 06/01/28 | 845 | 853,518 | |
California Hlth. Facs. Fing. Auth. Rev., | |||||
Lucile Salter Packard Children’s Hosp. at Stanford, Series A, Rfdg.(hh) | 4.000 | 05/15/51 | 2,500 | 2,857,000 | |
Stanford Healthcare, Series A | 5.000 | 08/15/54 | 1,000 | 1,166,020 | |
Sutter Hlth., Series D, Rfdg. (Pre-refunded date 08/15/21)(ee) | 5.250 | 08/15/31 | 1,000 | 1,010,430 | |
California Muni. Fin. Auth. Rev., | |||||
CHF-Davis I, LLC, West Village Student Hsg. Proj., BAM, TCRs | 5.000 | 05/15/29 | 1,000 | 1,259,470 |
2
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
California Muni. Fin. Auth. Rev., (cont’d.) | |||||
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.030 %(cc) | 12/01/29 | 3,370 | $3,370,000 | |
Sr. Lien-LINXS APM Proj., AMT | 5.000 | 12/31/43 | 2,750 | 3,294,528 | |
Wste. Mgmt., Inc., Rmkt., Series A, AMT (Mandatory put date 12/01/23) | 0.700(cc) | 12/01/44 | 1,000 | 1,009,470 | |
California St., | |||||
GO | 5.000 | 03/01/45 | 3,000 | 3,434,250 | |
GO, Rfdg. | 5.000 | 11/01/28 | 2,500 | 3,247,300 | |
GO, Rfdg. | 5.000 | 12/01/28 | 1,200 | 1,561,428 | |
GO, Rfdg. | 5.000 | 08/01/45 | 500 | 580,560 | |
GO, Rfdg. | 5.000 | 08/01/46 | 1,500 | 1,791,375 | |
Var. Purp., GO | 5.000 | 04/01/42 | 7,000 | 7,267,190 | |
Var. Purp., GO | 5.250 | 04/01/35 | 1,250 | 1,302,250 | |
Var. Purp., GO, Rfdg. | 5.000 | 09/01/41 | 4,250 | 4,301,255 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/41 | 1,250 | 1,269,300 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/47 | 3,000 | 3,547,590 | |
California St. Pub. Wks. Brd. Lease Rev., Forward Delivery, Series A, Rfdg.(hh) | 5.000 | 02/01/28 | 2,360 | 2,910,848 | |
California St. Univ. Rev., Systemwide, Series A, Rfdg. (Pre-refunded date 11/01/21)(ee) | 5.000 | 11/01/37 | 1,250 | 1,275,225 | |
Foothill-De Anza Cmnty. Clg. Dist., Series C, GO (Pre-refunded date 08/01/21)(ee) | 5.000 | 08/01/40 | 1,250 | 1,260,025 | |
Golden St. Tob. Secur. Corp. Rev., | |||||
Series A-1, Rfdg. | 5.000 | 06/01/26 | 1,025 | 1,234,151 | |
Series A-1, Rfdg. | 5.000 | 06/01/28 | 3,255 | 4,004,985 | |
Series A-1, Rfdg. | 5.000 | 06/01/29 | 1,250 | 1,533,062 | |
Series A-1, Rfdg. | 5.000 | 06/01/30 | 1,820 | 2,251,941 | |
Series A-1, Rfdg. | 5.000 | 06/01/33 | 3,050 | 3,717,828 | |
Series A-1, Rfdg. | 5.000 | 06/01/35 | 1,545 | 1,888,376 | |
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Series A | 5.000 | 11/15/35 | 1,140 | 1,587,176 | |
Series A | 5.500 | 11/15/37 | 1,000 | 1,498,720 | |
Los Angeles Calif. Dept. Arpts. Rev., | |||||
Los Angls. Int’l., Series A, AMT | 5.000 | 05/15/29 | 2,000 | 2,177,740 | |
Los Angls. Int’l., Series A, AMT | 5.000 | 05/15/38 | 2,500 | 2,711,100 | |
Sr. Series C, AMT | 5.000 | 05/15/28 | 1,075 | 1,366,626 | |
Sub. Los Angls. Int’l., Series A, AMT | 5.250 | 05/15/48 | 1,000 | 1,228,950 | |
Sub. P3 Proj., Series A, Rfdg., AMT | 5.000 | 05/15/27 | 655 | 808,552 | |
Los Angeles Dept. of Wtr. Rev., Wtr. Sys., Series B | 5.000 | 07/01/34 | 2,500 | 2,744,275 |
3
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
M-S-R Energy Auth. Rev., Series A | 6.500 % | 11/01/39 | 2,000 | $3,290,020 | |
Pittsburg Redev. Agcy., Los Medanos Cmnty. Dev. Proj., Tax Alloc., AMBAC, CABS | 0.974(t) | 08/01/25 | 2,000 | 1,920,580 | |
Port of Oakland Rev., Sr. Lien, Series P, Rfdg., AMT (Pre-refunded date 05/01/22)(ee) | 5.000 | 05/01/33 | 1,750 | 1,820,542 | |
Riverside Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. | 5.250 | 11/01/45 | 1,000 | 1,176,250 | |
San Diego Cmnty. Clg. Dist., Election of 2006, GO (Pre-refunded date 08/01/21)(ee) | 5.000 | 08/01/41 | 1,500 | 1,512,255 | |
San Diego Cnty. Regl. Arpt. Auth. Rev., | |||||
Sr. Series B, AMT | 5.000 | 07/01/38 | 1,000 | 1,089,220 | |
Sr. Series B, AMT | 5.000 | 07/01/43 | 2,000 | 2,173,660 | |
San Diego Cnty. Wtr. Auth. Rev., Green Bond, Series A, Rfdg. | 5.000 | 05/01/28 | 750 | 970,238 | |
San Francisco City & Cnty. Arpt. Commn. Rev., | |||||
2nd Series A, Rfdg., AMT | 5.250 | 05/01/33 | 1,000 | 1,089,710 | |
Series A, Rfdg., AMT | 5.000 | 05/01/31 | 3,000 | 3,997,560 | |
Walnut Energy Ctr. Auth. Rev., Rfdg. | 5.000 | 01/01/34 | 800 | 910,056 | |
106,977,660 | |||||
Colorado 2.9% | |||||
Colorado Hlth. Facs. Auth. Rev., | |||||
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/27 | 1,725 | 2,165,048 | |
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/29 | 2,070 | 2,691,642 | |
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/34 | 2,500 | 3,210,975 | |
Commonspirit Hlth., Series B-2 (Mandatory put date 08/01/26) | 5.000(cc) | 08/01/49 | 2,465 | 2,960,243 | |
Vail Valley Med. Ctr. Proj. | 4.000 | 01/15/45 | 1,500 | 1,637,865 | |
Colorado Springs Co. Util. Sys. Rev., Series C | 5.000 | 11/15/27 | 1,000 | 1,272,260 | |
Denver City & Cnty. Arpt. Sys. Rev., | |||||
Series A, Rfdg., AMT | 5.000 | 11/15/27 | 885 | 1,099,789 | |
Series A, Rfdg., AMT | 5.250 | 11/15/22 | 1,050 | 1,073,688 | |
Sub. Sys., Series A, Rfdg., AMT | 5.000 | 12/01/34 | 2,300 | 2,861,936 | |
Sub. Sys., Series A, Rfdg., AMT | 5.000 | 12/01/35 | 1,000 | 1,240,050 | |
Sub. Sys., Series A, Rfdg., AMT | 5.250 | 12/01/43 | 3,000 | 3,695,820 |
4
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Colorado (cont’d.) | |||||
E-470 Pub. Hwy. Auth., | |||||
Sr. Rev., Series A, Rfdg. | 5.000 % | 09/01/27 | 1,160 | $1,449,675 | |
Sr. Rev., Series A, Rfdg. | 5.000 | 09/01/28 | 1,000 | 1,277,970 | |
Regl. Trans. Dist. Rev., | |||||
Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | 07/15/28 | 400 | 504,708 | |
Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | 07/15/29 | 400 | 511,464 | |
Regl. Trans. Dist. Sales Tax Rev., Green Bond Fastracks Proj., Series B, Rfdg. | 5.000 | 11/01/28 | 1,425 | 1,846,714 | |
29,499,847 | |||||
Connecticut 3.1% | |||||
Connecticut St., | |||||
Forward Delivery Social Bonds, Series D, GO, Rfdg.(hh) | 5.000 | 07/15/28 | 4,500 | 5,710,545 | |
Series 2021-A, GO | 4.000 | 01/15/28 | 1,500 | 1,803,030 | |
Series A, GO | 4.000 | 01/15/33 | 2,000 | 2,426,060 | |
Series A, GO | 5.000 | 01/15/32 | 2,000 | 2,604,400 | |
Series B, GO, Rfdg. | 5.000 | 05/15/25 | 2,050 | 2,413,752 | |
Series C, GO | 5.000 | 06/15/28 | 1,200 | 1,533,156 | |
Connecticut St. Dev. Auth. Rev., Light & Pwr. Co. Proj., Series A, Rfdg. | 4.375 | 09/01/28 | 1,000 | 1,010,280 | |
Connecticut St. Hlth. & Ed. Facs. Auth. Rev., Yale Univ., Series A-2, Rfdg. (Mandatory put date 07/01/26) | 2.000(cc) | 07/01/42 | 1,815 | 1,938,983 | |
Connecticut St. Spl. Tax Rev., | |||||
Series A | 5.000 | 05/01/28 | 2,500 | 3,187,125 | |
Spl. Tax Oblig. Bonds, Series A | 5.000 | 05/01/27 | 1,165 | 1,450,087 | |
Spl. Tax Oblig. Bonds, Series A | 5.000 | 05/01/29 | 4,000 | 5,205,120 | |
Trans. Infrastructure, Series A | 5.000 | 01/01/38 | 2,000 | 2,466,780 | |
31,749,318 | |||||
Delaware 0.1% | |||||
Delaware Trans. Auth. Rev., Rfdg. | 5.000 | 07/01/28 | 1,150 | 1,482,258 | |
District of Columbia 2.0% | |||||
Dist. of Columbia Rev., | |||||
Friendship Pub. Chrt. Sch., Rfdg. | 5.000 | 06/01/36 | 1,385 | 1,577,584 |
5
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
District of Columbia (cont’d.) | |||||
Dist. of Columbia Rev., (cont’d.) | |||||
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 % | 07/01/43 | 850 | $952,799 | |
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | 07/01/48 | 725 | 812,682 | |
KIPP DC Iss., Series A, Rfdg. | 5.000 | 07/01/37 | 1,250 | 1,483,687 | |
Metropolitan Washington D.C. Arpt. Auth. Dulles Toll Road Rev., Dulles Met. Rail, Series A, Rfdg. | 5.000 | 10/01/44 | 2,000 | 2,495,800 | |
Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., | |||||
Forward Delivery, Series A, Rfdg., AMT | 5.000 | 10/01/32 | 1,500 | 2,014,290 | |
Rfdg., AMT | 5.000 | 10/01/26 | 3,335 | 4,081,673 | |
Series A, Rfdg., AMT | 5.000 | 10/01/31 | 2,500 | 2,652,675 | |
Series A, Rfdg., AMT | 5.000 | 10/01/44 | 1,000 | 1,137,640 | |
Series C, Rfdg. | 5.000 | 10/01/27 | 1,000 | 1,015,530 | |
Washington Metropolitan Area Trans. Auth. Rev., Green Bond, Series A(hh) | 5.000 | 07/15/28 | 1,875 | 2,407,725 | |
20,632,085 | |||||
Florida 7.2% | |||||
Broward Cnty. Arpt. Sys. Rev., | |||||
Series A, AMT | 5.000 | 10/01/45 | 3,000 | 3,434,670 | |
Series A, AMT (Pre-refunded date 10/01/23)(ee) | 5.250 | 10/01/43 | 1,500 | 1,666,560 | |
Series B, Rfdg., AMT | 5.000 | 10/01/27 | 3,000 | 3,721,260 | |
Central Florida Expressway Auth. Rev., | |||||
Sr. Lien, Rfdg. | 4.000 | 07/01/41 | 2,000 | 2,286,220 | |
Sr. Lien, Rfdg., AGM | 5.000 | 07/01/28 | 3,000 | 3,851,880 | |
Citizens Ppty. Ins., Inc. Rev., Sr. Sec’d., Series A-1 | 5.000 | 06/01/22 | 1,000 | 1,047,290 | |
Cityplace CDD., Spl. Assmt., Rfdg. | 5.000 | 05/01/26 | 1,000 | 1,147,250 | |
Davie Edl. Facs. Rev., | |||||
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 5.625 | 04/01/43 | 500 | 549,300 | |
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 6.000 | 04/01/42 | 1,000 | 1,105,450 | |
Florida Dev. Fin. Corp. Rev., Nova Southeastern Univ. Proj., Series A, Rfdg. | 5.000 | 04/01/26 | 555 | 650,271 | |
Florida Higher Edl. Facs. Finl. Auth. Rev., | |||||
Nova Southeastern Univ. Proj., Rfdg. | 5.000 | 04/01/25 | 1,050 | 1,200,434 | |
Nova Southeastern Univ. Proj., Rfdg. | 5.000 | 04/01/28 | 1,250 | 1,461,487 |
6
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Grtr. Orlando Avtn. Auth. Rev., Priority Sub. Series A, AMT | 5.000 % | 10/01/42 | 5,000 | $6,025,100 | |
Hillsborough Cnty. Avtn. Auth. Rev., | |||||
Tampa Int’l. Arpt., Sub. Series A, Rfdg., AMT | 5.000 | 10/01/25 | 1,270 | 1,403,223 | |
Tampa Int’l. Arpt., Series E, AMT | 5.000 | 10/01/48 | 4,500 | 5,506,200 | |
JEA Elec. Sys. Rev., Sub. Series A, Rfdg. | 5.000 | 10/01/28 | 9,000 | 11,401,471 | |
Miami Beach Redev. Agcy., Tax Incr. Rev. City Ctr., Tax Alloc. Rfdg., AGM | 5.000 | 02/01/44 | 1,500 | 1,661,220 | |
Miami Dade Cnty. Wtr. & Swr. Sys. Rev., | |||||
Series B, Rfdg., AGM | 5.250 | 10/01/22 | 5,145 | 5,494,500 | |
Wtr. Util. Imps. | 5.000 | 10/01/30 | 1,530 | 2,060,987 | |
Orange Cnty. Hlth. Facs. Auth. Rev., Orlando Hlth., Inc., Series B, Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,188,370 | |
Orlando Util. Commn. Rev., Series B, (Mandatory put date 10/01/28) | 1.250(cc) | 10/01/46 | 2,475 | 2,538,533 | |
Palm Beach Cnty. Hlth. Facs. Auth. Rev., BRRH Corp. Oblig. Grp., Rfdg. (Pre-refunded date 12/01/24)(ee) | 5.000 | 12/01/31 | 500 | 579,980 | |
Sarasota Cnty. Pub. Hosp. Dist. Rev., | |||||
Sarasota Mem. Hosp. | 4.000 | 07/01/48 | 2,860 | 3,244,355 | |
Sarasota Mem. Hosp. | 5.000 | 07/01/28 | 1,160 | 1,483,060 | |
South Miami Hlth. Facs. Auth., Inc. Rev., Baptist Hlth. South Florida, Rfdg. | 5.000 | 08/15/47 | 1,000 | 1,215,430 | |
Tampa Hlth. Sys. Rev., Baycare Hlth. Sys., Series A, Rfdg. | 5.000 | 11/15/33 | 3,090 | 3,218,977 | |
Village CDD No. 6, | |||||
Spl. Assess., Rfdg. | 4.000 | 05/01/27 | 325 | 376,629 | |
Spl. Assess., Rfdg. | 4.000 | 05/01/28 | 335 | 387,602 | |
Spl. Assess., Rfdg. | 4.000 | 05/01/29 | 345 | 397,333 | |
Village CDD No. 7, Spl. Assess., Rfdg. | 4.000 | 05/01/23 | 1,055 | 1,125,801 | |
Village CDD No. 10, Spl. Assess. | 4.500 | 05/01/23 | 320 | 329,363 | |
Village CDD No. 13, | |||||
Spl. Assess. | 3.375 | 05/01/34 | 495 | 533,422 | |
Spl. Assess., 144A | 2.625 | 05/01/30 | 1,000 | 1,028,430 | |
73,322,058 |
7
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Georgia 1.9% | |||||
Atlanta GA Dept. Avtn. Rev., Series B, Rfdg., AMT | 5.000 % | 07/01/29 | 830 | $1,073,223 | |
Georgia St. Road & Twy. Auth. Rev., Grant Anticipation Rev. Vehicle | 5.000 | 06/01/27 | 2,630 | 3,290,998 | |
Main Street Natural Gas, Inc. Rev., | |||||
Series C (Mandatory put date 09/01/26) | 4.000(cc) | 03/01/50 | 4,370 | 5,041,057 | |
Sub. Series C (Mandatory put date 12/01/23) | 4.000(cc) | 08/01/48 | 3,160 | 3,426,862 | |
Monroe Cnty. Dev. Auth. Rev., GA Pwr. Co. Plant Scherer Proj. 1 | 2.250 | 07/01/25 | 1,000 | 1,048,970 | |
Muni. Elec. Auth. of Georgia Rev., | |||||
Combined Cycle Proj., Series A, Rfdg. | 4.000 | 11/01/24 | 1,050 | 1,175,601 | |
Proj. One, Sub. Bonds, Series A, Rfdg. | 5.000 | 01/01/26 | 1,425 | 1,691,504 | |
Priv. Clgs. & Univs. Auth. Rev., Savannah Clg. of Art & Design Proj. | 5.000 | 04/01/44 | 2,120 | 2,361,977 | |
19,110,192 | |||||
Hawaii 0.9% | |||||
Hawaii St. Arpts. Sys. Rev., | |||||
Series A, AMT | 5.000 | 07/01/45 | 1,000 | 1,155,010 | |
Series A, AMT | 5.000 | 07/01/48 | 3,000 | 3,690,510 | |
Hawaii St. Dept. Budget & Fin. Rev., Pac. Hlth. Oblig., Series A, Rfdg. | 5.500 | 07/01/43 | 2,560 | 2,844,185 | |
Hawaii St. Hwy. Fd. Rev., Hwy. Imps.(hh) | 5.000 | 01/01/41 | 1,000 | 1,311,730 | |
9,001,435 | |||||
Idaho 0.2% | |||||
Idaho Hsg. & Fin. Assoc. Rev., Grant Anticipation Rev. Vehicle, Series A, Rfdg. | 5.000 | 07/15/29 | 1,405 | 1,835,253 | |
Illinois 12.0% | |||||
Chicago Brd. of Ed. Rev., | |||||
Series C, GO, Rfdg. | 5.000 | 12/01/22 | 1,500 | 1,597,320 | |
Spl. Tax | 5.000 | 04/01/46 | 1,000 | 1,128,540 | |
Chicago O’Hare Int’l. Arpt. Rev., | |||||
Gen. Arpt. Sr. Lien, Series B, Rfdg., AMT (Pre-refunded date 01/01/22)(ee) | 5.000 | 01/01/32 | 2,000 | 2,054,000 | |
Series A, Rfdg., AMT | 5.000 | 01/01/33 | 1,310 | 1,501,784 | |
Series B, Rfdg. | 5.000 | 01/01/32 | 1,500 | 1,733,940 | |
Sr. Lien, Series D | 5.250 | 01/01/42 | 2,000 | 2,454,340 |
8
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Chicago Trans. Auth. Rev., | |||||
2nd Lien | 5.000 % | 12/01/46 | 3,000 | $3,582,420 | |
Transit Imps. (Pre-refunded date 12/01/21)(ee) | 5.250 | 12/01/40 | 1,000 | 1,025,310 | |
Chicago Wstewtr. Transmn. Rev., | |||||
2nd Lien | 5.000 | 01/01/39 | 2,000 | 2,218,460 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/29 | 355 | 408,861 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/31 | 450 | 517,711 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/39 | 2,000 | 2,277,260 | |
2nd Lien, Series A | 5.000 | 01/01/47 | 1,000 | 1,196,930 | |
Chicago Wtrwks. Rev., | |||||
2nd Lien, Rfdg. | 5.000 | 11/01/32 | 1,325 | 1,403,109 | |
2nd Lien, Rfdg. | 5.000 | 11/01/36 | 2,390 | 2,875,959 | |
2nd Lien, Series A-1 | 5.000 | 11/01/27 | 510 | 613,938 | |
2nd Lien, Series A-1 | 5.000 | 11/01/30 | 1,495 | 1,795,764 | |
Chicago, IL, | |||||
Proj. Series A, GO | 5.250 | 01/01/35 | 1,950 | 1,956,591 | |
Proj. Series A, GO, Rfdg. | 5.250 | 01/01/29 | 1,185 | 1,312,909 | |
Rmkt., Series 2002B, GO | 5.250 | 01/01/28 | 1,850 | 2,117,899 | |
Rmkt., Series 2002B, GO | 5.500 | 01/01/37 | 600 | 685,914 | |
Rmkt., Series 2003B, GO, Rfdg. | 5.500 | 01/01/30 | 1,000 | 1,150,610 | |
Series A, GO | 5.500 | 01/01/33 | 960 | 1,102,435 | |
Series C, GO, Rfdg. | 5.000 | 01/01/23 | 270 | 276,480 | |
Series C, GO, Rfdg. | 5.000 | 01/01/24 | 340 | 375,367 | |
Series C, GO, Rfdg. | 5.000 | 01/01/26 | 1,000 | 1,168,980 | |
Cook Cnty., Series A, GO, Rfdg. | 5.000 | 11/15/28 | 1,050 | 1,341,028 | |
Illinois Fin. Auth. Rev., | |||||
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/26 | 1,500 | 1,829,115 | |
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/28 | 1,110 | 1,419,923 | |
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/29 | 2,000 | 2,606,500 | |
OSF Healthcare Sys., Series B-2, Rfdg. (Mandatory put date 11/15/26) | 5.000(cc) | 05/15/50 | 1,300 | 1,564,940 | |
Univ. of Chicago, Series A, Rfdg.(hh) | 5.000 | 10/01/28 | 1,500 | 1,904,550 | |
Illinois St., | |||||
GO | 5.000 | 02/01/24 | 1,195 | 1,330,692 | |
GO | 5.000 | 11/01/30 | 500 | 597,875 | |
GO | 5.000 | 04/01/31 | 1,000 | 1,095,100 | |
GO | 5.250 | 02/01/29 | 2,000 | 2,208,360 | |
GO, Rfdg. | 5.000 | 08/01/24 | 2,000 | 2,104,720 | |
GO, Rfdg. | 5.000 | 02/01/25 | 1,315 | 1,511,329 | |
Series A, GO | 5.000 | 04/01/22 | 1,730 | 1,795,965 | |
Series A, GO | 5.000 | 12/01/39 | 2,500 | 2,969,750 |
9
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Illinois St., (cont’d.) | |||||
Series A, GO, Rfdg. | 5.000 % | 10/01/28 | 750 | $932,250 | |
Series C, GO | 5.000 | 11/01/29 | 1,000 | 1,210,350 | |
Series D, GO | 5.000 | 11/01/22 | 1,950 | 2,076,380 | |
Series D, GO | 5.000 | 11/01/23 | 3,730 | 4,133,213 | |
Series D, GO | 5.000 | 11/01/26 | 6,150 | 7,423,788 | |
Series D, GO | 5.000 | 11/01/27 | 2,210 | 2,717,946 | |
Illinois St. Toll Hwy. Auth. Rev., | |||||
Series A | 5.000 | 01/01/38 | 3,125 | 3,344,719 | |
Series C | 5.000 | 01/01/39 | 2,000 | 2,298,520 | |
Sr. Rev. Bonds, Series A, Rfdg. | 5.000 | 01/01/28 | 5,000 | 6,322,000 | |
Sr. Rev., Series C, Rfdg. | 5.000 | 01/01/31 | 3,000 | 3,937,380 | |
Metropolitan Pier & Exposition Auth. Dedicated St. Tax Rev., | |||||
McCormick Place Expansion, Series A, CABS, NATL | 2.398(t) | 12/15/34 | 10,000 | 7,240,900 | |
McCormick Place Expansion, Series A, CABS, NATL | 2.555(t) | 06/15/37 | 7,500 | 4,990,875 | |
Railsplitter Tob. Settlement Auth. Rev., | |||||
Series 2010 (Pre-refunded date 06/01/21)(ee) | 6.000 | 06/01/28 | 1,250 | 1,250,000 | |
Tob. Set. Funded | 5.000 | 06/01/27 | 1,150 | 1,388,291 | |
Tob. Set. Funded | 5.000 | 06/01/28 | 1,055 | 1,272,309 | |
Regl. Trans. Auth. Rev., Series A | 4.000 | 06/01/37 | 3,605 | 4,029,813 | |
Sales Tax Secur. Corp. Rev., | |||||
2nd Lien, Series A, Rfdg. | 5.000 | 01/01/26 | 2,250 | 2,660,175 | |
2nd Lien, Series A, Rfdg. | 5.000 | 01/01/29 | 1,500 | 1,897,920 | |
Springfield Elec. Rev., Sr. Lien, Rfdg., AGM | 4.000 | 03/01/40 | 1,000 | 1,097,230 | |
123,036,737 | |||||
Indiana 1.0% | |||||
Indiana Fin. Auth. Rev., | |||||
IN Univ. Hlth., Series A, Rfdg. | 5.000 | 12/01/25 | 2,130 | 2,552,869 | |
Indianapolis Pwr. & Light. Co. Proj., Series B, Rfdg., AMT (Mandatory put date 04/01/26) | 0.950(cc) | 12/01/38 | 625 | 623,544 | |
Indianapolis Loc. Pub. Impvt. Bank Rev., Courthouse & Jail Proj., Series A, Rfdg. | 4.000 | 02/01/44 | 4,250 | 4,931,530 | |
Whiting, IN Rev., BP Products North America, Rfdg., AMT (Mandatory put date 06/05/26) | 5.000(cc) | 12/01/44 | 2,025 | 2,436,905 | |
10,544,848 |
10
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Iowa 0.9% | |||||
Iowa Tob. Settlement Auth. Rev., Sr. Series A-2, Class 1, Rfdg. | 5.000 % | 06/01/30 | 200 | $262,572 | |
PEFA, Inc. Gas Proj. Rev., Series A-1 (Mandatory put date 09/01/26) | 5.000(cc) | 09/01/49 | 7,815 | 9,384,799 | |
9,647,371 | |||||
Kansas 0.2% | |||||
Wyandotte Cnty.-Kansas City Unified Govt. Util. Sys. Rev., Impvt., Series A | 5.000 | 09/01/45 | 2,170 | 2,532,238 | |
Kentucky 1.8% | |||||
Kentucky Pub. Energy Auth. Rev., | |||||
Gas Sply., Series B (Mandatory put date 01/01/25) | 4.000(cc) | 01/01/49 | 3,210 | 3,571,350 | |
Series A-1 (Mandatory put date 06/01/25) | 4.000(cc) | 12/01/49 | 3,370 | 3,787,071 | |
Series C (Mandatory put date 02/01/28) | 4.000(cc) | 02/01/50 | 5,230 | 6,220,928 | |
Owen Cnty. Wtrwks. Sys. Rev., | |||||
American Wtr. Co., Rfdg. (Mandatory put date 09/01/23) | 0.700(cc) | 06/01/40 | 1,000 | 1,001,040 | |
American Wtr. Co., Series A, Rfdg. (Mandatory put date 10/01/29) | 2.450(cc) | 06/01/39 | 1,500 | 1,618,905 | |
Trimble Cnty. Elec. Pwr. & Lt. Rev., Louisville Gas & Elect. Proj., Rmkt., Series A, Rfdg., AMT (Mandatory put date 09/01/27) | 1.300(cc) | 09/01/44 | 2,250 | 2,249,685 | |
18,448,979 | |||||
Louisiana 0.6% | |||||
Louisiana Pub. Facs. Auth. Rev., | |||||
Franciscan Mis., Rfdg. (Pre-refunded date 07/01/25)(ee) | 5.000 | 07/01/39 | 10 | 11,852 | |
Franciscan Mis., Unrefunded, Rfdg. | 5.000 | 07/01/39 | 1,990 | 2,320,201 | |
Tulane Univ. of Louisiana, Rfdg. | 5.000 | 04/01/29 | 1,000 | 1,286,160 | |
Louisiana St. Hwy. Impt. Rev., Series A (Pre-refunded date 06/15/24)(ee) | 5.000 | 06/15/34 | 1,250 | 1,429,325 | |
St. Charles Parish Gulf Zone Opp. Zone Rev., Valero Energy Corp. (Mandatory put date 06/01/22) | 4.000(cc) | 12/01/40 | 1,500 | 1,551,915 | |
6,599,453 |
11
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Maine 0.3% | |||||
Maine Hlth. & Higher Edl. Facs. Auth. Rev., | |||||
Maine Hlth., Series A | 5.000 % | 07/01/27 | 1,200 | $1,495,272 | |
Maine Hlth., Series A | 5.000 | 07/01/28 | 1,140 | 1,454,138 | |
2,949,410 | |||||
Maryland 0.4% | |||||
Maryland St. Trans. Auth. Rev., Series A, Rfdg. | 5.000 | 07/01/28 | 1,280 | 1,646,861 | |
Washington Suburban Sanitary Commn. Rev., Consol. Pub. Impvt., 2nd Series | 4.000 | 06/01/40 | 2,150 | 2,460,696 | |
4,107,557 | |||||
Massachusetts 0.7% | |||||
Massachusetts Bay Trans. Auth. Rev., Mass. Sales Tax, Series B, Rfdg., NATL | 5.500 | 07/01/27 | 1,325 | 1,700,796 | |
Massachusetts St. Hlth. & Edl. Facs. Auth. Rev., Tufts Univ., Series M, Rfdg. | 5.500 | 02/15/28 | 3,000 | 3,924,810 | |
Massachusetts St. Port Auth. Rev., | |||||
Series A, AMT (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/42 | 1,000 | 1,050,570 | |
Series A, Rfdg., AMT | 5.000 | 07/01/27 | 320 | 397,200 | |
7,073,376 | |||||
Michigan 1.2% | |||||
Michigan Fin. Auth. Rev., | |||||
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/28 | 1,500 | 1,902,645 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/29 | 250 | 322,772 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/30 | 1,000 | 1,315,110 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/32 | 2,250 | 2,953,980 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/33 | 2,750 | 3,591,472 | |
Michigan St. Bldg. Auth. Rev., Facs. Prog., Series I-A, Rfdg. (Pre-refunded date 10/15/21)(ee) | 5.375 | 10/15/41 | 750 | 764,453 | |
Wayne Cnty. Arpt. Auth. Rev., Det. Met. Arpt., Series D, Rfdg., AMT | 5.000 | 12/01/28 | 1,500 | 1,603,215 | |
12,453,647 | |||||
Minnesota 0.2% | |||||
Rochester Rev., Mayo. Clnc. | 4.000 | 11/15/48 | 2,000 | 2,277,660 |
12
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Mississippi 1.0% | |||||
Mississippi Bus. Fin. Corp. Rev., | |||||
Chevron USA, Inc. Proj., Series E, FRDD (Mandatory put date 06/01/21) | 0.010 %(cc) | 12/01/30 | 1,170 | $1,170,000 | |
Chevron USA, Inc., Series F, FRDD (Mandatory put date 06/01/21) | 0.020(cc) | 11/01/35 | 7,565 | 7,565,000 | |
Chevron USA, Inc., Series L, FRDD (Mandatory put date 06/01/21) | 0.010(cc) | 11/01/35 | 1,350 | 1,350,000 | |
Poll. Ctrl., Rfdg. | 3.200 | 09/01/28 | 500 | 527,370 | |
10,612,370 | |||||
Missouri 1.0% | |||||
Missouri St. Hlth. & Edl. Facs. Auth. Rev., | |||||
BJC Hlth. Sys. | 5.000 | 01/01/44 | 3,500 | 3,878,525 | |
Series C, Rfdg. (Mandatory put date 05/01/28) | 5.000(cc) | 05/01/52 | 2,500 | 3,182,000 | |
Univ. of Missouri Rev., Series B, Rfdg. | 5.000 | 11/01/30 | 2,555 | 3,451,166 | |
10,511,691 | |||||
Nebraska 0.6% | |||||
Central Plns. Energy. Proj. Rev., Proj. 4 (Mandatory put date 01/01/24) | 5.000(cc) | 03/01/50 | 4,445 | 4,934,172 | |
Douglas Cnty. Hosp. Auth. No. 2 Rev., Children’s Hosp. Oblig. Grp. (Mandatory put date 11/15/25) | 5.000(cc) | 11/15/53 | 1,270 | 1,500,492 | |
6,434,664 | |||||
New Jersey 8.0% | |||||
Camden Cnty. Impvt. Auth. Rev., Cooper Hlth. Sys. Oblig. Grp. | 5.750 | 02/15/42 | 1,500 | 1,624,530 | |
New Jersey Econ. Dev. Auth. Rev., | |||||
American Wtr. Co., Inc., Series A, Rfdg., AMT (Mandatory put date 12/03/29) | 2.200(cc) | 10/01/39 | 1,250 | 1,326,287 | |
American Wtr. Co., Inc., Series B, Rfdg., AMT (Mandatory put date 06/01/23) | 1.200(cc) | 11/01/34 | 1,000 | 1,014,720 | |
NJ American Wtr. Co., Inc. Proj., Series D, Rfdg., AMT (Mandatory put date 12/01/27) | 1.100(cc) | 11/01/29 | 625 | 621,163 | |
Sch. Facs. Construction | 5.000 | 06/15/29 | 1,500 | 1,905,690 | |
Sch. Facs. Construction, Series NN, Rfdg. | 5.000 | 03/01/27 | 2,950 | 3,185,823 | |
Sch. Facs. Construction, Series PP, Rfdg. | 5.000 | 06/15/26 | 2,100 | 2,381,400 | |
Series BBB, Rfdg. | 5.500 | 06/15/30 | 1,500 | 1,853,550 |
13
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey (cont’d.) | |||||
New Jersey Edl. Facs. Auth. Rev., Montclair St. Univ., Series A, Rfdg. | 5.000 % | 07/01/44 | 2,500 | $2,806,700 | |
New Jersey Healthcare Facs. Fing. Auth. Rev., | |||||
Hackensack Meridian Hlth., Series A, Rfdg. | 5.000 | 07/01/39 | 1,500 | 1,825,110 | |
RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | 07/01/33 | 1,015 | 1,227,186 | |
RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | 07/01/43 | 1,585 | 1,903,791 | |
RWJ Univ. Hosp., Series A | 5.500 | 07/01/43 | 1,000 | 1,099,260 | |
Virtua Hlth., Rfdg. | 5.000 | 07/01/29 | 1,000 | 1,116,240 | |
New Jersey St. Sales Tax Rev., Covid-19 GO Emergency Bonds, Series A, GO | 5.000 | 06/01/29 | 3,370 | 4,364,554 | |
New Jersey Tpke. Auth. Rev., | |||||
Series A | 5.000 | 01/01/28 | 1,505 | 1,711,772 | |
Series A | 5.000 | 01/01/48 | 2,155 | 2,675,476 | |
Series A (Pre-refunded date 07/01/22)(ee) | 5.000 | 01/01/43 | 1,885 | 1,984,622 | |
Series A (Pre-refunded date 07/01/22)(ee) | 5.000 | 01/01/43 | 1,115 | 1,173,682 | |
Series B, Rfdg. | 5.000 | 01/01/27 | 2,125 | 2,614,494 | |
Series D, Rfdg. | 5.000 | 01/01/28 | 2,150 | 2,614,185 | |
Series E, Rfdg. | 5.000 | 01/01/32 | 2,030 | 2,520,346 | |
New Jersey Trans. Tr. Fd. Auth. Rev., | |||||
Series AA, Rfdg.(hh) | 5.000 | 06/15/27 | 1,200 | 1,400,484 | |
Trans. Prog. Notes, Rmkt., Series BB-1 | 5.000 | 06/15/33 | 1,000 | 1,230,400 | |
Trans. Sys. Bond, Rfdg. | 5.000 | 12/15/26 | 500 | 607,960 | |
Trans. Sys., Series A, Rfdg. | 5.000 | 12/15/28 | 3,565 | 4,497,034 | |
Trans. Sys., Series A, Rfdg. | 5.000 | 12/15/36 | 1,250 | 1,531,787 | |
Trans. Sys., Series A, Rfdg. | 5.500 | 12/15/23 | 3,550 | 4,005,287 | |
Trans. Sys., Series B | 5.500 | 06/15/31 | 1,090 | 1,092,006 | |
Trans. Sys., Series D, Rfdg. | 5.000 | 12/15/24 | 2,455 | 2,833,954 | |
Tob. Settlement Fing. Corp. Rev., | |||||
Series A, Rfdg. | 5.000 | 06/01/23 | 1,105 | 1,206,770 | |
Series A, Rfdg. | 5.000 | 06/01/25 | 2,345 | 2,750,802 | |
Series A, Rfdg. | 5.000 | 06/01/27 | 1,570 | 1,948,590 | |
Series A, Rfdg. | 5.000 | 06/01/28 | 2,320 | 2,953,662 | |
Series A, Rfdg. | 5.000 | 06/01/29 | 2,480 | 3,128,917 | |
Series A, Rfdg. | 5.000 | 06/01/37 | 2,000 | 2,452,080 | |
Series A, Rfdg. | 5.250 | 06/01/46 | 5,500 | 6,634,430 | |
81,824,744 | |||||
New Mexico 0.3% | |||||
Farmington Rev., Pub. Svcs. Co. of San Juan, Series C, Rfdg. (Mandatory put date 06/01/24) | 1.150(cc) | 06/01/40 | 3,000 | 3,046,440 |
14
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York 6.0% | |||||
Long Island Pwr. Auth. Rev., Notes | 1.000 % | 09/01/25 | 4,000 | $4,030,480 | |
Metropolitan Trans. Auth. Rev., | |||||
Series D, Rfdg. | 5.000 | 11/15/21 | 690 | 704,925 | |
Series D, Rfdg. | 5.000 | 11/15/21 | 1,395 | 1,425,174 | |
New York City Indl. Dev. Agcy. Rev., Yankee Stadium Proj. Pilot, Series A, Rfdg., AGM | 5.000 | 03/01/28 | 750 | 938,977 | |
New York City Trans. Fin. Auth. Bldg. Aid. Rev., Sub. Series S-1A | 5.250 | 07/15/37 | 3,000 | 3,017,940 | |
New York City Trans. Fin. Auth. Future Tax Sec’d. Rev., | |||||
Future Tax Sec’d., Sub. Series D-1 | 5.000 | 11/01/38 | 3,000 | 3,058,530 | |
Future Tax Sec’d., Sub. Series D-1, Rfdg. | 5.000 | 11/01/28 | 3,390 | 4,396,254 | |
New York City Wtr. & Swr. Sys. Rev., | |||||
Sub. Series CC-2 | 5.000 | 06/15/28 | 2,330 | 2,894,536 | |
Wtr. & Swr. 2nd Gen. Resolution, Series DD, Rfdg. | 5.000 | 06/15/29 | 2,500 | 3,302,450 | |
New York Liberty Dev. Corp. Rev., 4 World Trade Center Proj., Rfdg. | 5.750 | 11/15/51 | 1,750 | 1,787,887 | |
New York St. Dorm. Auth. Rev., | |||||
Mem. Sloan Kettering, Series 1, Rfdg. | 5.000 | 07/01/42 | 1,000 | 1,220,660 | |
Mount Sinai Sch. of Medicine, Series A, Rfdg. | 5.000 | 07/01/21 | 1,685 | 1,691,235 | |
Rochester Inst. Tech., Series A, Rfdg., AMBAC | 5.250 | 07/01/21 | 2,000 | 2,008,280 | |
Series A, Rfdg. | 5.000 | 03/15/29 | 3,025 | 3,933,710 | |
St. Johns Univ., Series A, Rfdg. | 4.000 | 07/01/48 | 2,625 | 3,130,181 | |
New York St. Environ. Facs. Corp. Rev., Clean Wtr. & Drinking Revolving Fds. Pooled Fing., Series B, ETM(ee) | 5.500 | 10/15/23 | 3,750 | 4,202,550 | |
New York Trans. Dev. Corp. Rev., | |||||
JFK Int’l. Arpt. Proj. Terminal 4, Series A, Rfdg., AMT | 5.000 | 12/01/25 | 800 | 948,552 | |
Laguardia Arpt., Term. B Redev., Series A, AMT | 5.000 | 07/01/46 | 1,000 | 1,119,360 | |
New York, NY, | |||||
Fiscal 2008, Rmkt., Series J-10, GO | 5.000 | 08/01/26 | 1,000 | 1,220,640 | |
Fiscal 2015, Rmkt., Sub-Series F-4, GO, (Mandatory put date 12/01/25) | 5.000(cc) | 06/01/44 | 2,000 | 2,346,500 | |
Port Auth. of NY & NJ Rev., | |||||
Series 223, Rfdg., AMT | 5.000 | 07/15/28 | 1,500 | 1,914,495 | |
Series 226, Rfdg., AMT(hh) | 5.000 | 10/15/27 | 975 | 1,218,438 | |
Triborough Bridge & Tunnel Auth. Rev., | |||||
Series A-1, Rfdg. | 4.000 | 05/15/46 | 2,500 | 2,995,050 | |
Series A-2, Rfdg. (Mandatory put date 05/15/28) | 2.000(cc) | 05/15/45 | 2,000 | 2,156,140 | |
15
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York (cont’d.) | |||||
TSASC, Inc. Rev., Series A, Rfdg. | 5.000 % | 06/01/41 | 2,000 | $2,329,040 | |
Util. Debt Secur. Auth. Rev., Series TE, Rfdg. | 5.000 | 12/15/41 | 2,585 | 2,876,123 | |
60,868,107 | |||||
North Carolina 0.8% | |||||
Charlotte Mecklenburg Hosp. Auth. Rev., Atrium Hlth. Oblig. Grp., Series C (Mandatory put date 12/01/28) | 5.000(cc) | 01/15/50 | 1,000 | 1,287,410 | |
Charlotte NC Arpt. Spl. Facs. Rev., Series B, Rfdg., AMT | 4.000 | 07/01/51 | 1,200 | 1,428,096 | |
North Carolina Eastern Muni. Pwr. Agcy., Pwr. Sys. Rev., Series A, Rfdg. (Pre-refunded date 01/01/22)(ee) | 6.000 | 01/01/26 | 650 | 672,315 | |
North Carolina Med. Care Commn. Rev., Caromont Hlth., Series B, (Mandatory put date 02/01/26) | 5.000(cc) | 02/01/51 | 990 | 1,190,267 | |
North Carolina Tpke. Auth. Rev., BANS | 5.000 | 02/01/24 | 3,000 | 3,365,010 | |
7,943,098 | |||||
Ohio 4.4% | |||||
Akron Bath Copley Joint Township Hosp. Dist. Rev., Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 5.000 | 11/15/28 | 460 | 579,706 | |
Allen Cnty. Hosp. Facs. Rev., Bon Secours Mercy Hlth., Rfdg. | 5.000 | 12/01/30 | 1,100 | 1,449,580 | |
Buckeye Tob. Settlement Fing. Auth. Rev., | |||||
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/28 | 3,485 | 4,406,504 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/29 | 405 | 521,401 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/31 | 3,930 | 5,123,541 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/33 | 3,135 | 4,042,959 | |
Franklin Cnty. Hosp. Facs. Rev., | |||||
Hosp. Facs. | 4.125 | 05/15/45 | 2,000 | 2,225,820 | |
Nationwide Children’s Hosp. Proj. | 4.000 | 11/01/45 | 2,000 | 2,175,940 | |
Nationwide Children’s Hosp. Proj., Rfdg. | 4.000 | 11/01/47 | 2,400 | 2,659,632 | |
Ohio Hlth. Corp., Series A | 4.000 | 05/15/47 | 4,815 | 5,519,771 | |
Ohio Hlth. Corp., Series A (Pre-refunded date 11/15/21)(ee) | 5.000 | 11/15/41 | 2,000 | 2,044,240 | |
Lancaster Port Auth. Rev., Series A, Rfdg. (Mandatory put date 02/01/25) | 5.000(cc) | 08/01/49 | 1,120 | 1,290,509 |
16
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Ohio (cont’d.) | |||||
Lucas Cnty. Hosp. Rev., Promedica Healthcare, Series A, Rfdg. (Pre-refunded date 11/15/21)(ee) | 6.500 % | 11/15/37 | 875 | $900,287 | |
Middleburg Heights Hosp. Rev. Facs., Southwest Gen., Rfdg. | 5.250 | 08/01/41 | 800 | 806,624 | |
Ohio Air Quality Dev. Auth. Rev., | |||||
American Elec. Pwr. Co. Proj., Series A (Mandatory put date 10/01/29) | 2.400(cc) | 12/01/38 | 500 | 522,025 | |
American Elec. Pwr. Co. Proj., Series C, Rfdg., AMT (Mandatory put date 10/01/24) | 2.100(cc) | 12/01/27 | 1,500 | 1,566,045 | |
Ohio St. Higher Edl. Facs. Commn. Rev., Cleveland Clnc. Hlth. Sys. Oblig. Series A-1, Rfdg. (Pre-refunded date 01/01/23)(ee) | 5.000 | 01/01/42 | 2,000 | 2,153,080 | |
Ohio St. Rev., | |||||
Cleveland Clnc. Hlth. Sys. Series A, Rfdg. | 4.000 | 01/01/36 | 2,500 | 2,933,250 | |
Cleveland Clnc. Hlth. Sys. Series A, Rfdg. | 5.000 | 01/01/28 | 2,370 | 3,020,162 | |
Grant Anticipation Rev. Vehicle, Series 1-A(hh) | 5.000 | 12/15/28 | 800 | 1,037,904 | |
44,978,980 | |||||
Oklahoma 1.5% | |||||
Oklahoma Dev. Fin. Auth. Rev., | |||||
Gilcrease Expressway West, AMT | 1.625 | 07/06/23 | 1,500 | 1,512,105 | |
St. Johns Hlth. Sys., Rfdg. (Pre-refunded date 02/15/22)(ee) | 5.000 | 02/15/42 | 1,500 | 1,551,225 | |
Oklahoma Tpke. Auth. Rev., | |||||
2nd Sr. Series A, Rfdg. | 5.000 | 01/01/28 | 2,265 | 2,881,307 | |
2nd Sr. Series A, Rfdg. | 5.000 | 01/01/29 | 1,000 | 1,301,500 | |
Series A | 4.000 | 01/01/48 | 2,000 | 2,247,520 | |
Series A | 5.000 | 01/01/42 | 3,000 | 3,561,930 | |
Stillwater Util. Auth. Rev., Series A | 5.000 | 10/01/39 | 1,865 | 2,117,931 | |
15,173,518 | |||||
Pennsylvania 5.4% | |||||
Bucks Cnty. Indl. Dev. Auth. Rev., Grand View Hosp. Proj. | 5.000 | 07/01/25 | 350 | 399,049 | |
Central Bradford Progress Auth. Rev., Guthrie Healthcare Sys., Rfdg. (Pre-refunded date 12/01/21)(ee) | 5.375 | 12/01/41 | 2,700 | 2,769,984 | |
Comnwlth. Fing. Auth. Rev., | |||||
Tob. Mstr. Settlement Payment Bonds | 5.000 | 06/01/25 | 2,125 | 2,479,514 |
17
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania (cont’d.) | |||||
Comnwlth. Fing. Auth. Rev., (cont’d.) | |||||
Tob. Mstr. Settlement Payment Bonds | 5.000 % | 06/01/28 | 1,280 | $1,610,099 | |
Tob. Mstr. Settlement Payment Bonds | 5.000 | 06/01/34 | 1,095 | 1,346,160 | |
Delaware Vlly. Regl. Fin. Auth. Rev., Series A, AMBAC | 5.500 | 08/01/28 | 2,000 | 2,614,300 | |
Geisinger Auth. Rev., | |||||
Geisinger Hlth. Sys. Oblig. Grp., Rfdg. (Mandatory put date 02/15/27) | 5.000(cc) | 04/01/43 | 1,000 | 1,221,750 | |
Series A-1 | 5.125 | 06/01/41 | 2,000 | 2,000,000 | |
Gen. Auth. of Southcentral Pennsylvania Rev., Wellspan Hlth. Oblig. Grp., Series A, Rfdg. (Pre-refunded date 06/01/24)(ee) | 5.000 | 06/01/44 | 3,000 | 3,421,950 | |
Luzerne Cnty. Indl. Dev. Auth. Rev., Pennsylvania American, Rfdg., AMT (Mandatory put date 12/03/29) | 2.450(cc) | 12/01/39 | 1,250 | 1,363,500 | |
Pennsylvania Econ. Dev. Fing. Auth. Rev., Wste. Mgmt., Inc. Proj., Series A, AMT (Mandatory put date 08/02/21) | 0.700(cc) | 08/01/37 | 1,000 | 1,000,740 | |
Pennsylvania Higher Edl. Facs. Auth. Rev., | |||||
Trustees Univ. of Pennsylvania, Series A | 4.000 | 08/15/41 | 3,200 | 3,654,176 | |
Univ. of Pennsylvania Hlth. Sys. | 5.000 | 08/15/28 | 1,735 | 2,233,656 | |
Univ. of Pennsylvania Hlth. Sys. | 5.000 | 08/15/49 | 2,000 | 2,495,800 | |
Pennsylvania Tpke. Commn. Rev., | |||||
Series A | 5.000 | 12/01/38 | 1,000 | 1,151,970 | |
Series A-1, Rfdg. | 5.000 | 12/01/40 | 1,500 | 1,753,425 | |
Series A-2, Rfdg. | 5.000 | 12/01/26 | 790 | 978,960 | |
Series A-2, Rfdg. | 5.000 | 12/01/28 | 815 | 1,035,881 | |
Series B | 5.000 | 12/01/45 | 7,000 | 8,245,020 | |
Sub. Series A-1 | 5.000 | 12/01/25 | 1,100 | 1,308,813 | |
Sub. Series B, Rfdg. | 5.000 | 06/01/29 | 1,860 | 2,238,845 | |
Sub. Series B-1 | 5.250 | 06/01/47 | 2,000 | 2,420,640 | |
Philadelphia Auth. for Indl. Dev. Rev., Children’s Hosp., Rfdg. | 4.000 | 07/01/37 | 1,075 | 1,240,754 | |
Philadelphia Gas Wks. Co. Rev., | |||||
16th Series A, AGM | 5.000 | 08/01/28 | 625 | 791,369 | |
16th Series A, AGM | 5.000 | 08/01/29 | 1,000 | 1,288,650 | |
Philadelphia, Wtr. & Wstewtr. Rev., Series A | 5.000 | 11/01/27 | 1,180 | 1,483,508 | |
Univ. of Pittsburgh Comnwlth. Sys. of Higher Ed. Rev., Rfdg. | 4.000 | 04/15/26 | 2,250 | 2,607,728 | |
55,156,241 |
18
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Puerto Rico 0.9% | |||||
Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev., | |||||
Sr. Lien, Series A | 5.750 % | 07/01/37 | 1,260 | $1,317,683 | |
Sr. Lien, Series A | 6.000 | 07/01/47 | 1,050 | 1,100,925 | |
Puerto Rico Sales Tax Fing. Corp. Rev., | |||||
Series A-1, CABS | 1.766(t) | 07/01/24 | 1,559 | 1,476,654 | |
Series A-1, CABS | 1.827(t) | 07/01/27 | 6,342 | 5,677,358 | |
9,572,620 | |||||
Rhode Island 0.8% | |||||
Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev., Clg. & Univ. Rev. | 5.250 | 08/15/43 | 3,815 | 4,751,506 | |
Tob. Settlement Fing. Corp. Rev., | |||||
Series A, Rfdg. | 5.000 | 06/01/22 | 325 | 340,314 | |
Series A, Rfdg. | 5.000 | 06/01/24 | 395 | 448,475 | |
Series A, Rfdg. | 5.000 | 06/01/40 | 2,350 | 2,617,830 | |
8,158,125 | |||||
South Carolina 1.4% | |||||
South Carolina Prt. Auth. Rev., AMT | 4.000 | 07/01/45 | 1,000 | 1,095,500 | |
South Carolina Pub. Svc. Auth. Rev., | |||||
Santee Cooper, Series A, Rfdg. | 5.125 | 12/01/43 | 2,000 | 2,213,480 | |
Santee Cooper, Series A, Rfdg. (Pre-refunded date 12/01/23)(ee) | 5.750 | 12/01/43 | 3,000 | 3,412,980 | |
Series A, Rfdg. | 5.000 | 12/01/29 | 1,300 | 1,521,273 | |
Series A, Rfdg. | 5.000 | 12/01/31 | 4,595 | 6,125,411 | |
14,368,644 | |||||
South Dakota 0.1% | |||||
Edl. Enhancement Fdg. Corp. Rev., Series B, Rfdg. | 5.000 | 06/01/27 | 1,000 | 1,091,320 | |
Tennessee 0.9% | |||||
Memphis Shelby Cnty. Arpt. Auth. Rev., Series A, AMT | 5.000 | 07/01/25 | 775 | 908,021 | |
Tennergy Corp. Rev., Series A (Mandatory put date 09/01/28) | 4.000(cc) | 12/01/51 | 3,500 | 4,164,790 |
19
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Tennessee (cont’d.) | |||||
Tennessee Energy Acq. Corp. Gas Rev., | |||||
Series A | 5.250 % | 09/01/26 | 2,605 | $3,108,677 | |
Series C | 5.000 | 02/01/22 | 1,050 | 1,080,282 | |
9,261,770 | |||||
Texas 7.1% | |||||
Central Texas Regl. Mobility Auth. Rev., | |||||
BANS, Sub. Series F | 5.000 | 01/01/25 | 1,250 | 1,419,238 | |
Series C | 5.000 | 01/01/27 | 800 | 946,624 | |
Sr. Lien, Series A | 5.000 | 01/01/40 | 1,395 | 1,613,959 | |
Sr. Lien, Series A | 5.000 | 01/01/45 | 1,000 | 1,152,270 | |
Clifton Higher Ed. Fin. Corp. Rev., | |||||
Idea Pub. Sch. | 6.000 | 08/15/43 | 1,000 | 1,107,320 | |
Idea Pub. Sch., Rfdg., PSFG | 5.000 | 08/15/39 | 1,000 | 1,131,540 | |
Dallas-Fort Worth Int’l. Arpt. Rev., | |||||
Rfdg. | 5.000 | 11/01/27 | 1,280 | 1,613,888 | |
Series A, Rfdg. | 5.000 | 11/01/25 | 1,250 | 1,493,900 | |
Series A, Rfdg. | 5.000 | 11/01/26 | 875 | 1,076,224 | |
Grand Parkway Trans. Corp. Rev., 1st Tier Toll Rev., Series A | 5.125 | 10/01/43 | 2,000 | 2,167,240 | |
Gulf Coast Wste. Disp. Auth. Rev., | |||||
ExxonMobil Proj., FRDD (Mandatory put date 06/01/21) | 0.040(cc) | 09/01/25 | 14,350 | 14,350,000 | |
ExxonMobil Proj., FRDD (Mandatory put date 06/01/21) | 0.040(cc) | 12/01/25 | 5,470 | 5,470,000 | |
ExxonMobil Proj., Series A, FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 06/01/30 | 210 | 210,000 | |
Harris Cnty. Cultrl. Ed. Facs. Fin. Corp. Rev., | |||||
Mem. Hermann Hlth. Sys., Series C-3, Rfdg. (Mandatory put date 12/01/26) | 5.000(cc) | 06/01/32 | 2,310 | 2,836,056 | |
Texas Children’s Hosp., Series B, Rfdg. (Mandatory put date 10/01/24) | 5.000(cc) | 10/01/41 | 1,160 | 1,337,735 | |
Harris Cnty. Metro. Trans. Auth. Tax Rev., Series A, Rfdg. (Pre-refunded date 11/01/21)(ee) | 5.000 | 11/01/36 | 3,000 | 3,060,120 | |
Harris Cnty. Toll Road Auth. Rev., | |||||
1st Lien, Rfdg. | 5.000 | 08/15/28 | 1,250 | 1,612,688 | |
Sr. Lien, Series A, Rfdg. | 5.000 | 08/15/43 | 3,000 | 3,709,800 | |
Houston Arpt. Sys. Rev., | |||||
Sub. Lien, Series A, Rfdg., AMT (Pre-refunded date 07/01/21)(ee) | 5.000 | 07/01/25 | 1,045 | 1,048,929 | |
Sub. Lien, Series A, Rfdg., AMT (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/32 | 5,640 | 5,922,395 |
20
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
Houston Arpt. Sys. Rev., (cont’d.) | |||||
Sub. Lien, Series B, Rfdg. (Pre-refunded date 07/01/22)(ee) | 5.000 % | 07/01/32 | 2,000 | $2,104,180 | |
Lower Colorado River Auth. Rev., LCRA Transmn. Svcs. Corp. Proj., Rfdg. | 5.000 | 05/15/27 | 1,750 | 2,174,603 | |
Lower Neches Vlly. Auth. Indl. Dev. Corp. Rev., ExxonMobil Proj., Series B, Rfdg., FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 11/01/29 | 2,935 | 2,935,000 | |
Matagorda Cnty. Navigation Dist. No. 1 Rev., Cent. Pwr. & Lt., Rmkt., Rfdg., AMT (Mandatory put date 09/01/23) | 0.900(cc) | 05/01/30 | 1,250 | 1,253,400 | |
North Texas Twy. Auth. Rev., | |||||
1st Tier, Series A, Rfdg. | 5.000 | 01/01/28 | 650 | 776,958 | |
2nd Tier, Rfdg. | 5.000 | 01/01/48 | 1,250 | 1,529,212 | |
2nd Tier, Series B, Rfdg. | 5.000 | 01/01/27 | 970 | 1,197,902 | |
2nd Tier, Series B, Rfdg. | 5.000 | 01/01/28 | 1,255 | 1,588,692 | |
Series A, Rfdg. | 5.000 | 01/01/26 | 505 | 565,125 | |
Series B, Rfdg. | 5.000 | 01/01/45 | 2,000 | 2,289,660 | |
Spl. Projs., Series A (Pre-refunded date 09/01/21)(ee) | 5.500 | 09/01/41 | 1,000 | 1,013,080 | |
Texas Priv. Activ. Surf. Trans. Corp. Rev., | |||||
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 6.750 | 06/30/43 | 500 | 561,450 | |
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 7.000 | 12/31/38 | 1,500 | 1,696,995 | |
72,966,183 | |||||
Utah 2.1% | |||||
Cnty. of Utah Rev., | |||||
IHC Hlth. Serv., Inc., Series A, Rfdg. | 4.000 | 05/15/41 | 5,000 | 5,819,050 | |
IHC Hlth. Serv., Inc., Series B (Mandatory put date 08/01/26) | 5.000(cc) | 05/15/60 | 6,560 | 8,005,759 | |
Salt Lake City Corp. Arpt. Rev., | |||||
Series A, AMT | 5.000 | 07/01/23 | 2,000 | 2,186,480 | |
Series A, AMT | 5.000 | 07/01/28 | 2,070 | 2,599,754 | |
Series A, AMT | 5.250 | 07/01/48 | 2,000 | 2,410,360 | |
21,021,403 | |||||
Virginia 0.9% | |||||
Fairfax Cnty. Indl. Dev. Auth. Rev., | |||||
Healthcare, Inova Hlth. Sys. | 5.000 | 05/15/40 | 2,175 | 2,268,612 | |
Healthcare, Inova Hlth. Sys., Series A, Rfdg. | 4.000 | 05/15/48 | 3,000 | 3,423,270 | |
21
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Virginia (cont’d.) | |||||
Norfolk Econ. Dev. Auth. Rev., Sentara Healthcare, Series B, Rfdg. | 4.000 % | 11/01/48 | 2,000 | $2,286,960 | |
Wise Cnty. Indl. Dev. Auth. Rev., VA Elec. & Pwr. Co., Rmkt., Series A (Mandatory put date 05/31/24) | 1.200(cc) | 11/01/40 | 750 | 766,680 | |
8,745,522 | |||||
Washington 1.9% | |||||
Port of Seattle Rev., | |||||
Intermediate Lien, Series C, Rfdg., AMT | 5.000 | 02/01/24 | 2,500 | 2,506,050 | |
Series A, AMT | 5.000 | 05/01/43 | 1,500 | 1,768,365 | |
Series B, Rfdg., AMT | 5.000 | 09/01/26 | 1,115 | 1,127,499 | |
Skagit Cnty. Pub. Hosp. Dist. No. 1 Rev., Rfdg. & Impvt., Series A | 5.000 | 12/01/37 | 1,000 | 1,102,230 | |
Univ. of Washington Rev., | |||||
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/31 | 1,250 | 1,665,212 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/32 | 1,250 | 1,654,238 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/34 | 1,000 | 1,315,690 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/35 | 1,750 | 2,297,523 | |
Washington Healthcare Facs. Auth. Rev., | |||||
Multicare Hlth. Sys., Series B, Rfdg. | 5.000 | 08/15/26 | 620 | 734,210 | |
Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | 07/01/38 | 2,690 | 3,017,427 | |
Seattle Children’s Hosp., Series A (Pre-refunded date 10/01/22)(ee) | 5.000 | 10/01/42 | 2,300 | 2,445,889 | |
19,634,333 | |||||
West Virginia 0.4% | |||||
Harrison Cnty. Commn. Rev., Monongahela Pwr. Co. Proj., Series A, Rfdg., AMT (Mandatory put date 10/15/21) | 3.000(cc) | 10/15/37 | 500 | 503,960 | |
West Virginia Econ. Dev. Auth. Rev., Wheeling Pwr. Co. Mitchell Proj., Rmkt., Series A, Rfdg., AMT (Mandatory put date 04/01/22) | 3.000(cc) | 06/01/37 | 500 | 509,975 | |
West Virginia Hosp. Fin. Auth. Rev., Cabell Huntington Hosp. Oblig., Series B, Rfdg. | 5.000 | 01/01/43 | 1,000 | 1,214,220 | |
West Virginia Prkwys. Auth. Rev., Sr. Tpke. Toll | 4.000 | 06/01/47 | 1,970 | 2,237,231 | |
4,465,386 |
22
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Wisconsin 0.2% | |||||
Wisconsin Hlth. & Edl. Facs. Auth. Rev., Ascension Hlth. Alliance, Rmkt., Series B-1, Rfdg. | 4.000 % | 11/15/43 | 1,500 | $1,732,755 | |
Total Long-Term Investments (cost $958,803,193) | 1,022,200,702 | ||||
Short-Term Investments 1.0% | |||||
Municipal Bonds | |||||
Pennsylvania 0.0% | |||||
Westmoreland Cnty. Indl. Dev. Auth. Rev., Excela Hlth. Proj., Series A, Rfdg. | 4.000 | 07/01/21 | 250 | 250,720 | |
Texas 1.0% | |||||
Texas St. Rev., TRANS | 4.000 | 08/26/21 | 10,200 | 10,292,514 | |
Total Short-Term Investments (cost $10,543,382) | 10,543,234 | ||||
TOTAL INVESTMENTS 100.9% (cost $969,346,575) | 1,032,743,936 | ||||
Liabilities in excess of other assets(z) (0.9)% | (9,422,327) | ||||
Net Assets 100.0% | $1,023,321,609 |
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. | |
AGM—Assured Guaranty Municipal Corp. | |
AMBAC—American Municipal Bond Assurance Corp. | |
AMT—Alternative Minimum Tax | |
BAM—Build America Mutual | |
BANS—Bond Anticipation Notes | |
CABS—Capital Appreciation Bonds | |
CDD—Community Development District | |
ETM—Escrowed to Maturity | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
LIBOR—London Interbank Offered Rate | |
NATL—National Public Finance Guarantee Corp. | |
PSFG—Permanent School Fund Guarantee |
23
PGIM National Muni Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
TCRs—Transferrable Custodial Receipts | |
TRANS—Tax and Revenue Anticipation Notes |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at May 31, 2021. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of May 31, 2021. 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. |
(ee) | All or partial escrowed to maturity and pre-refunded issues are secured by escrowed cash, a guaranteed investment contract and /or U.S. guaranteed obligations. |
(hh) | When-issued security. |
(t) | Represents zero coupon. Rate quoted represents effective yield at May 31, 2021. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at May 31, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Position: | ||||||||
85 | 20 Year U.S. Treasury Bonds | Sep. 2021 | $13,305,156 | $(43,219) |
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).
24