PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.3% | |||||
Municipal Bonds | |||||
Alabama 3.2% | |||||
Alabama Pub. Sch. & Clg. Auth. Rev., Social Bonds, Series A, Rfdg. | 5.000 % | 11/01/28 | 1,265 | $1,470,553 | |
Black Belt Energy Gas Dist. Rev., | |||||
Gas Proj. No. 8, Series A (Mandatory put date 12/01/29) | 4.000(cc) | 12/01/52 | 3,665 | 3,752,067 | |
Proj. No. 4, Series A-1 (Mandatory put date 12/01/25) | 4.000(cc) | 12/01/49 | 4,300 | 4,438,016 | |
Proj. No. 5, Series A-1 (Mandatory put date 10/01/26) | 4.000(cc) | 10/01/49 | 3,000 | 3,092,036 | |
Proj. No. 6, Series B (Mandatory put date 12/01/26) | 4.000(cc) | 10/01/52 | 9,750 | 10,103,854 | |
Rfdg. (Mandatory put date 12/01/31) | 4.000(cc) | 06/01/51 | 2,000 | 2,107,400 | |
Jefferson Cnty. Swr. Rev., | |||||
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.000 | 10/01/44 | 500 | 524,170 | |
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.250 | 10/01/48 | 500 | 525,747 | |
Mobile Indl. Dev. Brd. Rev., Alabama Pwr. Co. Barry, Rmkt. (Mandatory put date 06/26/25) | 1.000(cc) | 06/01/34 | 1,000 | 958,574 | |
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 | 1,527,503 | |
Southeast Energy Auth. Cooperative Dist. Rev., Proj. No. 2, Series B (Mandatory put date 12/01/31) | 4.000(cc) | 12/01/51 | 800 | 818,832 | |
29,318,752 | |||||
Alaska 1.0% | |||||
Alaska Indl. Dev. & Export Auth. Rev., | |||||
Tanana Chiefs Conference Proj., Series A | 4.000 | 10/01/49 | 3,000 | 2,943,232 | |
Tanana Chiefs Conference Proj., Series A | 5.000 | 10/01/31 | 1,555 | 1,748,121 | |
Alaska Muni. Bond Bank Auth. Rev., Rfdg. | 5.000 | 12/01/26 | 1,350 | 1,490,723 | |
Northern Tob. Secur. Corp. Rev., Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/29 | 1,000 | 1,109,107 | |
Valdez Rev., | |||||
Exxon Pipeline Co. Proj., Series C, Rfdg., FRDD (Mandatory put date 06/01/22) | 0.600(cc) | 12/01/33 | 750 | 750,000 | |
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 06/01/22) | 0.580(cc) | 12/01/29 | 1,000 | 1,000,000 | |
9,041,183 |
1
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Arizona 3.3% | |||||
Arizona Hlth. Facs. Auth. Rev., Banner Hlth., Series B, 3 Month LIBOR + 0.810% | 1.458 %(c) | 01/01/37 | 2,280 | $2,142,372 | |
Arizona Indl. Dev. Auth. Rev., | |||||
Phoenix Children’s Hosp. Proj., Series A, Rfdg. | 5.000 | 02/01/28 | 1,000 | 1,116,173 | |
Phoenix Children’s Hosp., Series A | 5.000 | 02/01/29 | 650 | 731,792 | |
Phoenix Children’s Hosp., Series A | 5.000 | 02/01/30 | 300 | 340,190 | |
Chandler Indl. Dev. Auth. Rev., Intel Corp., AMT (Mandatory put date 06/03/24) | 5.000(cc) | 06/01/49 | 1,035 | 1,085,616 | |
Maricopa Cnty. Indl. Dev. Auth. Rev., Banner Hlth., Series A | 5.000 | 01/01/41 | 1,140 | 1,228,683 | |
Maricopa Cnty. Spl. HealthCare Dist., Series D, GO | 5.000 | 07/01/28 | 850 | 962,833 | |
Phoenix Civic Impvt. Corp. Rev., | |||||
Jr. Lien, Series B, AMT | 5.000 | 07/01/29 | 2,000 | 2,219,624 | |
Series A, AMT | 5.000 | 07/01/47 | 2,000 | 2,132,830 | |
Sr. Lien, AMT | 5.000 | 07/01/48 | 2,000 | 2,153,926 | |
Sr. Lien, Rfdg., AMT | 5.000 | 07/01/32 | 1,200 | 1,233,681 | |
Pima Cnty. Indl. Dev. Auth. Rev., Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000 | 09/01/29 | 2,000 | 2,026,419 | |
Salt River Proj. Agric. Impvt. & Pwr. Dist. Elec. Sys. Rev., | |||||
Forward Delivery Salt River Proj., Series A, Rfdg. | 5.000 | 01/01/27 | 1,200 | 1,340,614 | |
Series A, Rfdg. | 4.000 | 01/01/38 | 2,000 | 2,064,367 | |
Salt Verde Finl. Corp. Rev., | |||||
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/32 | 2,800 | 3,108,054 | |
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/37 | 3,505 | 3,953,662 | |
Sr. Gas Rev., Sr. Bonds | 5.250 | 12/01/26 | 2,180 | 2,384,305 | |
30,225,141 | |||||
California 6.9% | |||||
Alameda Corridor Trans. Auth. Rev., 2nd Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/37 | 1,500 | 1,581,183 | |
Anaheim Pub. Fing. Auth. Lease Rev., Sr. Pub. Impvts. Proj., Series A, AGM | 6.000 | 09/01/24 | 3,860 | 4,069,150 | |
Bay Area Toll Auth. Rev., Series F-1 (Pre-refunded date 04/01/27)(ee) | 5.000 | 04/01/56 | 2,000 | 2,266,941 | |
California Hlth. Facs. Fing. Auth. Rev., | |||||
Cedars Sinai Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/51 | 3,000 | 3,369,865 | |
Stanford Healthcare, Series A | 5.000 | 08/15/54 | 1,000 | 1,053,742 | |
California Muni. Fin. Auth. Rev., | |||||
CHF-Davis I, LLC, West Vlg. Student Hsg. Proj., BAM, TCRs | 5.000 | 05/15/29 | 1,000 | 1,121,946 |
2
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (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 06/01/22) | 0.590 %(cc) | 12/01/29 | 435 | $435,000 | |
Sr. Lien-LINXS APM Proj., AMT | 5.000 | 12/31/43 | 2,750 | 2,855,360 | |
Wste. Mgmt., Inc., Rmkt., Series A, AMT (Mandatory put date 12/01/23) | 0.700(cc) | 12/01/44 | 1,000 | 972,086 | |
California St., | |||||
GO | 5.000 | 03/01/45 | 3,000 | 3,183,344 | |
GO, Rfdg. | 5.000 | 08/01/45 | 500 | 532,538 | |
GO, Rfdg. | 5.000 | 08/01/46 | 1,500 | 1,617,821 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/47 | 3,000 | 3,234,056 | |
California St. Pub. Wks. Brd. Lease Rev., Series C, Rfdg.(hh) | 5.000 | 08/01/28 | 875 | 965,834 | |
Golden St. Tob. Secur. Corp. Rev., | |||||
Series A-1, Rfdg. (Pre-refunded date 06/01/27)(ee) | 5.000 | 06/01/28 | 3,255 | 3,708,638 | |
Series A-1, Rfdg. (Pre-refunded date 06/01/27)(ee) | 5.000 | 06/01/29 | 1,400 | 1,592,904 | |
Series A-1, Rfdg. (Pre-refunded date 06/01/28)(ee) | 5.000 | 06/01/33 | 3,050 | 3,536,459 | |
Series A-1, Rfdg. (Pre-refunded date 06/01/28)(ee) | 5.000 | 06/01/35 | 1,545 | 1,793,328 | |
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Series A | 5.000 | 11/15/35 | 1,300 | 1,485,461 | |
Series A | 5.500 | 11/15/37 | 1,000 | 1,208,614 | |
Los Angeles Calif. Dept. Arpts. Rev., | |||||
Los Angls. Int’l., Series A, AMT | 5.000 | 05/15/29 | 2,000 | 2,048,416 | |
Los Angls. Int’l., Series A, AMT | 5.000 | 05/15/38 | 2,500 | 2,550,708 | |
Sr. Series C, AMT | 5.000 | 05/15/28 | 1,075 | 1,196,209 | |
Sub. Los Angls. Int’l., Series A, AMT | 5.250 | 05/15/48 | 1,000 | 1,081,333 | |
Los Angeles Dept. of Wtr. & Pwr. Wtr. Sys. Rev., Series B | 5.000 | 07/01/34 | 2,500 | 2,576,034 | |
M-S-R Energy Auth. Rev., Series A | 6.500 | 11/01/39 | 2,000 | 2,555,579 | |
Pittsburg Redev. Agcy., Los Medanos Cmnty. Dev. Proj., Tax Alloc., AMBAC, CABS | 2.649(t) | 08/01/25 | 2,000 | 1,839,977 | |
Riverside Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. (Pre-refunded date 11/01/25)(ee) | 5.250 | 11/01/45 | 1,000 | 1,108,791 | |
San Diego Cnty. Regl. Arpt. Auth. Rev., | |||||
Sr. Series B, AMT (Pre-refunded 07/01/23)(ee) | 5.000 | 07/01/43 | 2,000 | 2,067,159 | |
Sr. Series B, AMT (Pre-refunded date 07/01/23)(ee) | 5.000 | 07/01/38 | 1,000 | 1,035,011 | |
San Francisco City & Cnty. Arpt. Commn. Rev., | |||||
2nd Series A, Rfdg., AMT | 5.250 | 05/01/33 | 1,000 | 1,025,930 | |
Series A, Rfdg., AMT | 5.000 | 05/01/31 | 3,000 | 3,437,908 |
3
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
Walnut Energy Ctr. Auth. Rev., Rfdg. | 5.000 % | 01/01/34 | 800 | $844,778 | |
63,952,103 | |||||
Colorado 2.7% | |||||
Colorado Hlth. Facs. Auth. Rev., | |||||
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/27 | 1,725 | 1,881,476 | |
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/29 | 2,070 | 2,290,573 | |
Commonspirit Hlth., Series A, Rfdg. | 5.000 | 08/01/34 | 2,500 | 2,707,376 | |
Commonspirit Hlth., Series B-2 (Mandatory put date 08/01/26) | 5.000(cc) | 08/01/49 | 2,465 | 2,632,985 | |
Vail Vlly. Med. Ctr. Proj. | 4.000 | 01/15/45 | 1,500 | 1,487,127 | |
Colorado Springs Co. Util. Sys. Rev., Series C | 5.000 | 11/15/27 | 1,000 | 1,140,516 | |
Denver City & Cnty. Arpt. Sys. Rev., | |||||
Series A, Rfdg., AMT | 5.000 | 11/15/27 | 1,055 | 1,166,763 | |
Sub. Sys., Series A, Rfdg., AMT | 5.000 | 12/01/34 | 2,300 | 2,472,315 | |
Sub. Sys., Series A, Rfdg., AMT | 5.000 | 12/01/35 | 1,000 | 1,070,897 | |
Sub. Sys., Series A, Rfdg., AMT | 5.250 | 12/01/43 | 3,000 | 3,256,385 | |
E-470 Pub. Hwy. Auth. Rev., | |||||
Sr. Rev., Series A, Rfdg. | 5.000 | 09/01/27 | 1,160 | 1,296,096 | |
Sr. Rev., Series A, Rfdg. | 5.000 | 09/01/28 | 1,275 | 1,444,737 | |
Sr. Series B, NATL | 2.715(t) | 09/01/25 | 2,000 | 1,832,017 | |
Regl. Trans. Dist. Rev., | |||||
Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | 07/15/28 | 400 | 431,331 | |
Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | 07/15/29 | 400 | 433,617 | |
25,544,211 | |||||
Connecticut 2.4% | |||||
Connecticut St., | |||||
Forward Delivery Social Bonds, Series D, GO, Rfdg. | 5.000 | 07/15/28 | 4,500 | 5,152,548 | |
Series A, GO | 4.000 | 01/15/33 | 2,000 | 2,117,728 | |
Series A, GO | 5.000 | 01/15/32 | 2,475 | 2,840,155 | |
Series B, GO, Rfdg. | 5.000 | 05/15/25 | 2,050 | 2,210,395 | |
Series C, GO | 5.000 | 06/15/28 | 1,200 | 1,372,641 | |
Connecticut St. Hlth. & Ed. Facs. Auth. Rev., | |||||
Rmkt., Series 2015-A, Rfdg. (Mandatory put date 07/12/24) | 0.375(cc) | 07/01/35 | 1,000 | 953,490 |
4
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Connecticut (cont’d.) | |||||
Connecticut St. Hlth. & Ed. Facs. Auth. Rev., (cont’d.) | |||||
Yale Univ., Series A-2, Rfdg. (Mandatory put date 07/01/26) | 2.000 %(cc) | 07/01/42 | 2,310 | $2,259,142 | |
Connecticut St. Spl. Tax Rev., | |||||
Series A | 5.000 | 05/01/28 | 2,780 | 3,175,662 | |
Trans. Infrast., Series A | 5.000 | 01/01/38 | 2,000 | 2,199,633 | |
22,281,394 | |||||
Delaware 0.1% | |||||
Delaware Trans. Auth. Rev., Rfdg. | 5.000 | 07/01/28 | 1,150 | 1,323,180 | |
District of Columbia 2.1% | |||||
Dist. of Columbia Rev., | |||||
Dist. of Columbia Int’l. Sch. | 5.000 | 07/01/49 | 1,275 | 1,305,062 | |
Friendship Pub. Chrt. Sch., Rfdg. | 5.000 | 06/01/36 | 1,385 | 1,438,988 | |
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | 07/01/43 | 850 | 890,376 | |
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | 07/01/48 | 725 | 759,439 | |
KIPP DC Iss., Series A, Rfdg. | 5.000 | 07/01/37 | 1,250 | 1,308,552 | |
Metropolitan Washington D.C. Arpt. Auth. Dulles Toll Road Rev., Dulles Met. Rail, Series A, Rfdg. | 5.000 | 10/01/44 | 2,000 | 2,177,766 | |
Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., | |||||
Forward Delivery, Series A, Rfdg., AMT | 5.000 | 10/01/32 | 1,500 | 1,686,519 | |
Rfdg., AMT | 5.000 | 10/01/26 | 3,860 | 4,218,463 | |
Series A, Rfdg., AMT | 5.000 | 10/01/31 | 2,500 | 2,521,778 | |
Series A, Rfdg., AMT | 5.000 | 10/01/44 | 1,000 | 1,031,529 | |
Washington Metropolitan Area Trans. Auth. Rev., Green Bond, Series A | 5.000 | 07/15/28 | 1,960 | 2,237,563 | |
19,576,035 | |||||
Florida 7.3% | |||||
Brevard Cnty. Hlth. Facs. Auth. Rev., Hlth. First Oblig. Grp., Series A, Rfdg. | 5.000 | 04/01/47 | 275 | 303,446 | |
Broward Cnty. Arpt. Sys. Rev., | |||||
Series A, AMT | 5.000 | 10/01/45 | 3,000 | 3,120,862 | |
Series A, AMT (Pre-refunded date 10/01/23)(ee) | 5.250 | 10/01/43 | 1,500 | 1,565,448 | |
Series B, Rfdg., AMT | 5.000 | 10/01/27 | 3,000 | 3,308,556 |
5
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Central Florida Expressway Auth. Rev., | |||||
Sr. Lien, Rfdg. | 4.000 % | 07/01/41 | 2,000 | $2,011,469 | |
Sr. Lien, Series D | 5.000 | 07/01/29 | 780 | 893,328 | |
Citizens Ppty. Ins., Inc. Rev., Sr. Sec’d., Series A-1 | 5.000 | 06/01/22 | 1,000 | 1,000,000 | |
Cityplace CDD., Spl. Assmt., Rfdg. | 5.000 | 05/01/26 | 1,000 | 1,063,790 | |
Davie Edl. Facs. Rev., | |||||
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 5.625 | 04/01/43 | 500 | 517,058 | |
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 6.000 | 04/01/42 | 1,000 | 1,037,026 | |
Florida Dev. Fin. Corp. Rev., | |||||
Mater Academy Proj., Series A | 5.000 | 06/15/56 | 500 | 515,916 | |
Nova Southeastern Univ. Proj., Series A, Rfdg. | 5.000 | 04/01/26 | 555 | 606,929 | |
Florida Higher Edl. Facs. Finl. Auth. Rev., | |||||
Nova Southeastern Univ. Proj., Rfdg. | 5.000 | 04/01/25 | 1,250 | 1,342,299 | |
Nova Southeastern Univ. Proj., Rfdg. | 5.000 | 04/01/28 | 1,420 | 1,550,285 | |
Grtr. Orlando Avtn. Auth. Rev., | |||||
Priority Sub. Series A, AMT | 5.000 | 10/01/42 | 5,000 | 5,287,640 | |
Series A, AMT | 5.000 | 10/01/54 | 1,500 | 1,609,728 | |
Hillsborough Cnty. Avtn. Auth. Rev., | |||||
Tampa Int’l. Arpt., Sub. Series A, Rfdg., AMT (Pre-refunded date 10/01/23)(ee) | 5.000 | 10/01/25 | 1,270 | 1,321,446 | |
Tampa Int’l. Arpt., Series E, AMT | 5.000 | 10/01/48 | 4,500 | 4,845,042 | |
JEA Elec. Sys. Rev., Sub. Series A, Rfdg. | 5.000 | 10/01/28 | 7,000 | 7,933,063 | |
Lee Cnty. Arpt. Rev., Series A, Rfdg., AMT | 5.000 | 10/01/28 | 3,000 | 3,318,231 | |
Miami Beach Redev. Agcy., Tax Incr. Rev. City Ctr., Tax Alloc. Rfdg., AGM | 5.000 | 02/01/44 | 1,500 | 1,554,236 | |
Miami Dade Cnty. Wtr. & Swr. Sys. Rev., | |||||
Series B, Rfdg., AGM | 5.250 | 10/01/22 | 5,145 | 5,214,607 | |
Sub. Series | 5.000 | 10/01/27 | 2,215 | 2,499,767 | |
Orange Cnty. Hlth. Facs. Auth. Rev., | |||||
Orlando Hlth. Oblig. Grp., Series B, Rfdg. | 5.000 | 10/01/26 | 2,100 | 2,310,662 | |
Orlando Hlth., Inc., Series B, Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,070,318 | |
Orlando Util. Commn. Rev., Series B (Mandatory put date 10/01/28) | 1.250(cc) | 10/01/46 | 3,475 | 3,129,843 | |
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 | 536,966 |
6
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Sarasota Cnty. Pub. Hosp. Dist. Rev., | |||||
Sarasota Mem. Hosp. | 4.000 % | 07/01/48 | 2,860 | $2,874,443 | |
Sarasota Mem. Hosp. | 5.000 | 07/01/28 | 1,160 | 1,334,365 | |
South Miami Hlth. Facs. Auth., Inc. Rev., Baptist Hlth. South Florida, Rfdg. | 5.000 | 08/15/47 | 1,075 | 1,145,208 | |
Village CDD No. 6, | |||||
Spl. Assmt., Rfdg. | 4.000 | 05/01/27 | 305 | 322,658 | |
Spl. Assmt., Rfdg. | 4.000 | 05/01/28 | 320 | 337,546 | |
Spl. Assmt., Rfdg. | 4.000 | 05/01/29 | 335 | 350,627 | |
Village CDD No. 7, Spl. Assmt., Rfdg. | 4.000 | 05/01/23 | 1,010 | 1,029,543 | |
Village CDD No. 13, | |||||
Spl. Assmt. | 3.375 | 05/01/34 | 485 | 454,273 | |
Spl. Assmt., 144A | 2.625 | 05/01/30 | 995 | 909,111 | |
68,225,735 | |||||
Georgia 2.7% | |||||
Atlanta GA Dept. Avtn. Rev., | |||||
Series B, Rfdg., AMT | 5.000 | 07/01/28 | 3,000 | 3,339,473 | |
Series B, Rfdg., AMT | 5.000 | 07/01/29 | 830 | 931,183 | |
Series B, Rfdg., AMT | 5.000 | 07/01/30 | 1,500 | 1,696,995 | |
Georgia Ports Auth. Rev., Arpt. & Marina Imps. | 5.000 | 07/01/29 | 1,250 | 1,450,892 | |
Main Street Natural Gas, Inc. Rev., | |||||
Series B (Mandatory put date 12/01/24) | 4.000(cc) | 08/01/49 | 1,290 | 1,342,594 | |
Series C (Mandatory put date 09/01/26) | 4.000(cc) | 03/01/50 | 5,000 | 5,082,323 | |
Series C (Mandatory put date 12/01/28) | 4.000(cc) | 05/01/52 | 1,000 | 1,023,900 | |
Sub. Series C (Mandatory put date 12/01/23) | 4.000(cc) | 08/01/48 | 3,240 | 3,310,524 | |
Monroe Cnty. Dev. Auth. Rev., GA Pwr. Co. Plant Scherer Proj. No. 1 | 2.250 | 07/01/25 | 1,000 | 967,104 | |
Muni. Elec. Auth. of Georgia Rev., | |||||
Combined Cycle Proj., Series A, Rfdg. | 4.000 | 11/01/24 | 2,050 | 2,120,862 | |
Proj. One, Sub. Bonds, Series A, Rfdg. | 5.000 | 01/01/26 | 1,425 | 1,534,607 | |
Priv. Clgs. & Univs. Auth. Rev., Savannah Clg. of Art & Design Proj. (Pre-refunded date 04/01/24)(ee) | 5.000 | 04/01/44 | 2,120 | 2,239,267 | |
25,039,724 |
7
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Hawaii 1.2% | |||||
Hawaii St. Arpts. Sys. Rev., | |||||
Series A, AMT | 5.000 % | 07/01/45 | 1,000 | $1,036,012 | |
Series A, AMT | 5.000 | 07/01/48 | 3,000 | 3,193,033 | |
Series A, AMT | 5.000 | 07/01/51 | 3,750 | 4,125,954 | |
Hawaii St. Dept. Budget & Fin. Rev., Pac. Hlth. Oblig., Series A, Rfdg. | 5.500 | 07/01/43 | 2,560 | 2,656,099 | |
11,011,098 | |||||
Illinois 12.3% | |||||
Chicago Brd. of Ed., Series C, GO, Rfdg. | 5.000 | 12/01/22 | 1,500 | 1,519,102 | |
Chicago Brd. of Ed. Rev., Spl. Tax | 5.000 | 04/01/46 | 1,000 | 1,060,652 | |
Chicago O’Hare Int’l. Arpt. Rev., | |||||
Series A, Rfdg., AMT | 5.000 | 01/01/33 | 1,310 | 1,365,323 | |
Series B, Rfdg. | 5.000 | 01/01/32 | 1,500 | 1,589,635 | |
Sr. Lien, Series D | 5.250 | 01/01/42 | 2,000 | 2,143,133 | |
Chicago Trans. Auth. Rev., 2nd Lien | 5.000 | 12/01/46 | 3,000 | 3,197,353 | |
Chicago Wstewtr. Transmn. Rev., | |||||
2nd Lien | 5.000 | 01/01/39 | 2,550 | 2,604,188 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/29 | 355 | 375,361 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/31 | 2,450 | 2,581,862 | |
2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/39 | 2,000 | 2,081,861 | |
2nd Lien, Series A | 5.000 | 01/01/47 | 1,000 | 1,057,199 | |
Chicago Wtrwks. Rev., | |||||
2nd Lien, Rfdg. | 5.000 | 11/01/32 | 1,325 | 1,335,799 | |
2nd Lien, Rfdg. | 5.000 | 11/01/36 | 2,390 | 2,578,959 | |
2nd Lien, Series A-1 | 5.000 | 11/01/27 | 510 | 555,053 | |
2nd Lien, Series A-1 | 5.000 | 11/01/30 | 1,495 | 1,598,030 | |
Chicago, IL, | |||||
Series A, GO, Rfdg. | 5.000 | 01/01/33 | 4,000 | 4,299,515 | |
Series B-Exchange, GO, Rfdg. | 4.000 | 01/01/28 | 1,855 | 1,884,686 | |
Series C, GO, Rfdg. | 5.000 | 01/01/24 | 340 | 349,288 | |
Series C, GO, Rfdg. | 5.000 | 01/01/26 | 1,000 | 1,049,090 | |
Cook Cnty., Series A, GO, Rfdg. | 5.000 | 11/15/28 | 1,050 | 1,193,802 | |
Illinois Fin. Auth. Rev., | |||||
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/26 | 1,500 | 1,649,093 | |
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/28 | 1,110 | 1,253,027 | |
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | 08/15/29 | 2,000 | 2,277,082 |
8
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Illinois Fin. Auth. Rev., (cont’d.) | |||||
OSF Healthcare Sys., Series B-2, Rfdg. (Mandatory put date 11/15/26) | 5.000 %(cc) | 05/15/50 | 1,300 | $1,419,310 | |
Univ. of Chicago, Series A, Rfdg. | 5.000 | 10/01/25 | 1,505 | 1,640,758 | |
Univ. of Chicago, Series A, Rfdg. | 5.000 | 10/01/28 | 1,955 | 2,240,666 | |
Illinois St., | |||||
GO | 5.000 | 02/01/24 | 1,195 | 1,241,812 | |
GO | 5.000 | 11/01/30 | 500 | 531,756 | |
GO | 5.000 | 04/01/31 | 1,000 | 1,036,117 | |
GO | 5.250 | 02/01/29 | 2,000 | 2,079,471 | |
GO, Rfdg. | 5.000 | 08/01/24 | 2,000 | 2,010,259 | |
GO, Rfdg. | 5.000 | 02/01/25 | 1,315 | 1,387,826 | |
Series A, GO | 5.000 | 12/01/39 | 2,500 | 2,614,122 | |
Series A, GO, Rfdg. | 5.000 | 10/01/28 | 750 | 822,292 | |
Series C, GO | 5.000 | 11/01/29 | 1,000 | 1,071,340 | |
Series D, GO | 5.000 | 11/01/22 | 1,950 | 1,974,008 | |
Series D, GO | 5.000 | 11/01/23 | 3,730 | 3,865,381 | |
Series D, GO | 5.000 | 11/01/26 | 6,150 | 6,607,770 | |
Series D, GO | 5.000 | 11/01/27 | 2,210 | 2,419,083 | |
Illinois St. Sales Tax Rev., Jr. Oblig. Build Illiois Bonds, Series C, Rfdg. | 5.000 | 06/15/28 | 1,650 | 1,825,246 | |
Illinois St. Toll Hwy. Auth. Rev., | |||||
Series A | 5.000 | 01/01/38 | 3,125 | 3,166,296 | |
Series C | 5.000 | 01/01/39 | 2,000 | 2,103,701 | |
Sr. Rev. Bonds, Series A, Rfdg. | 5.000 | 01/01/28 | 5,000 | 5,654,670 | |
Sr. Rev., Series C, Rfdg. | 5.000 | 01/01/31 | 3,455 | 3,997,627 | |
Metropolitan Pier & Exposition Auth. Dedicated St. Tax Rev., | |||||
McCormick Place Expansion, Series A, CABS, NATL | 4.176(t) | 12/15/34 | 10,000 | 5,955,072 | |
McCormick Place Expansion, Series A, CABS, NATL | 4.259(t) | 06/15/37 | 7,500 | 3,978,805 | |
Metropolitan Wtr. Reclamation Dist. of Grtr. Chicago, Green Bond, Series A, GO | 4.000 | 12/01/51 | 1,000 | 1,012,484 | |
Railsplitter Tob. Settlement Auth. Rev., | |||||
Tob. Set. Funded | 5.000 | 06/01/24 | 910 | 952,037 | |
Tob. Set. Funded | 5.000 | 06/01/27 | 2,850 | 3,072,122 | |
Tob. Set. Funded | 5.000 | 06/01/28 | 1,100 | 1,184,791 | |
Regl. Trans. Auth. Rev., Series A | 4.000 | 06/01/37 | 3,605 | 3,640,640 | |
Sales Tax Secur. Corp. Rev., | |||||
2nd Lien, Series A, Rfdg. | 5.000 | 01/01/26 | 2,250 | 2,429,214 | |
2nd Lien, Series A, Rfdg. | 5.000 | 01/01/29 | 1,500 | 1,685,579 |
9
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Springfield Elec. Rev., Sr. Lien, Rfdg., AGM | 4.000 % | 03/01/40 | 1,000 | $1,012,416 | |
114,231,764 | |||||
Indiana 1.0% | |||||
Indiana Fin. Auth. Rev., | |||||
IN Univ. Hlth., Series A, Rfdg. | 5.000 | 12/01/25 | 2,280 | 2,469,733 | |
Indianapolis Pwr. & Light. Co. Proj., Series B, Rfdg., AMT (Mandatory put date 04/01/26) | 0.950(cc) | 12/01/38 | 625 | 572,620 | |
Indianapolis Loc. Pub. Impvt. Bank Rev., Courthouse & Jail Proj., Series A, Rfdg. | 4.000 | 02/01/44 | 4,250 | 4,323,846 | |
Whiting, IN Rev., BP Products North America, Rfdg., AMT (Mandatory put date 06/05/26) | 5.000(cc) | 12/01/44 | 2,025 | 2,166,316 | |
9,532,515 | |||||
Iowa 0.9% | |||||
PEFA, Inc. Gas Proj. Rev., Series A-1 (Mandatory put date 09/01/26) | 5.000(cc) | 09/01/49 | 7,815 | 8,280,030 | |
Kansas 0.2% | |||||
Wyandotte Cnty.-Kansas City Unified Govt. Util. Sys. Rev., Impvt., Series A | 5.000 | 09/01/45 | 2,170 | 2,267,690 | |
Kentucky 2.4% | |||||
Kentucky Pub. Energy Auth. Rev., | |||||
Gas Sply., Series B (Mandatory put date 01/01/25) | 4.000(cc) | 01/01/49 | 3,465 | 3,560,008 | |
Series A-1 (Mandatory put date 06/01/25) | 4.000(cc) | 12/01/49 | 3,370 | 3,502,975 | |
Series C (Mandatory put date 02/01/28) | 4.000(cc) | 02/01/50 | 10,530 | 10,867,140 | |
Owen Cnty. Wtrwks. Sys. Rev., | |||||
American Wtr. Co., Rfdg. (Mandatory put date 09/01/23) | 0.700(cc) | 06/01/40 | 1,000 | 984,009 | |
American Wtr. Co., Series A, Rfdg. (Mandatory put date 10/01/29) | 2.450(cc) | 06/01/39 | 1,500 | 1,367,664 | |
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 | 1,953,099 | |
22,234,895 |
10
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Louisiana 0.7% | |||||
Louisiana Pub. Facs. Auth. Rev., | |||||
Franciscan Mis., Rfdg. (Pre-refunded date 07/01/25)(ee) | 5.000 % | 07/01/39 | 10 | $10,880 | |
Franciscan Mis., Unrefunded, Rfdg. | 5.000 | 07/01/39 | 1,990 | 2,082,129 | |
Tulane Univ. of Louisiana, Rfdg. | 5.000 | 04/01/29 | 1,000 | 1,134,966 | |
Louisiana St. Hwy. Impt. Rev., Series A (Pre-refunded date 06/15/24)(ee) | 5.000 | 06/15/34 | 1,250 | 1,326,313 | |
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 | 1,500,000 | |
6,054,288 | |||||
Maine 0.3% | |||||
Maine Hlth. & Higher Edl. Facs. Auth. Rev., | |||||
Maine Hlth., Series A | 5.000 | 07/01/27 | 1,200 | 1,329,148 | |
Maine Hlth., Series A | 5.000 | 07/01/28 | 1,140 | 1,276,755 | |
2,605,903 | |||||
Maryland 0.5% | |||||
Maryland St. Dept. of Trans. Rev., Series 2022B, Rfdg.(hh) | 5.000 | 12/01/28 | 1,000 | 1,116,835 | |
Maryland St. Trans. Auth. Rev., Series A, Rfdg. | 5.000 | 07/01/28 | 1,280 | 1,476,154 | |
Washington Suburban Sanitary Commn. Rev., Consol. Pub. Impvt., 2nd Series | 4.000 | 06/01/40 | 2,150 | 2,204,674 | |
4,797,663 | |||||
Massachusetts 0.7% | |||||
Massachusetts Bay Trans. Auth. Rev., Mass. Sales Tax, Series B, Rfdg., NATL | 5.500 | 07/01/27 | 1,325 | 1,528,888 | |
Massachusetts St. Hlth. & Edl. Facs. Auth. Rev., Tufts Univ., Series M, Rfdg. | 5.500 | 02/15/28 | 3,000 | 3,485,438 | |
Massachusetts St. Port Auth. Rev., | |||||
Series A, AMT (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/42 | 1,000 | 1,002,833 | |
Series A, Rfdg., AMT | 5.000 | 07/01/27 | 320 | 352,592 | |
6,369,751 | |||||
Michigan 1.2% | |||||
Michigan Fin. Auth. Rev., | |||||
Beaumont-Spectrum Consolidation, Series A, Rfdg. | 5.000 | 04/15/29 | 1,000 | 1,134,705 |
11
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Michigan (cont’d.) | |||||
Michigan Fin. Auth. Rev., (cont’d.) | |||||
Sr. Series A, Class 1, Rfdg. | 5.000 % | 06/01/28 | 1,500 | $1,649,761 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/30 | 1,000 | 1,122,557 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/32 | 2,250 | 2,497,799 | |
Sr. Series A, Class 1, Rfdg. | 5.000 | 06/01/33 | 2,750 | 3,034,425 | |
Wayne Cnty. Arpt. Auth. Rev., Det. Met. Arpt., Series D, Rfdg., AMT | 5.000 | 12/01/28 | 1,500 | 1,518,778 | |
10,958,025 | |||||
Minnesota 0.2% | |||||
Minnesota Muni. Gas Agcy. Rev., Series A (Mandatory put date 12/01/27) | 4.000(cc) | 12/01/52 | 2,000 | 2,099,710 | |
Mississippi 0.1% | |||||
Mississippi Bus. Fin. Corp. Rev., | |||||
Chevron USA, Inc., Series C, FRDD (Mandatory put date 06/01/22) | 0.600(cc) | 11/01/35 | 130 | 130,000 | |
Chevron USA, Inc., Series F, FRDD (Mandatory put date 06/01/22) | 0.580(cc) | 11/01/35 | 420 | 420,000 | |
Chevron USA, Inc., Series I, FRDD (Mandatory put date 06/01/22) | 0.600(cc) | 11/01/35 | 300 | 300,000 | |
Poll. Ctrl., Rfdg. | 3.200 | 09/01/28 | 500 | 494,528 | |
1,344,528 | |||||
Missouri 0.9% | |||||
Missouri St. Hlth. & Edl. Facs. Auth. Rev., | |||||
BJC Hlth. Sys. | 5.000 | 01/01/44 | 3,500 | 3,574,651 | |
Series C, Rfdg. (Mandatory put date 05/01/28) | 5.000(cc) | 05/01/52 | 4,000 | 4,514,540 | |
8,089,191 | |||||
Nebraska 0.6% | |||||
Central Plns. Energy. Proj. Rev., Proj. No. 4 (Mandatory put date 01/01/24) | 5.000(cc) | 03/01/50 | 4,445 | 4,605,788 | |
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 | 1,370,748 | |
5,976,536 |
12
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey 7.9% | |||||
Camden Cnty. Impvt. Auth. Rev., Cooper Hlth. Sys. Oblig. Grp. | 5.750 % | 02/15/42 | 1,500 | $1,530,256 | |
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 | 1,157,959 | |
American Wtr. Co., Inc., Series B, Rfdg., AMT (Mandatory put date 06/01/23) | 1.200(cc) | 11/01/34 | 1,000 | 989,344 | |
Facs. Construction, Series NN, Rfdg. (Pre-refunded 03/01/23)(ee) | 5.000 | 03/01/27 | 1,100 | 1,129,201 | |
NJ American Wtr. Co., Inc. Proj., Series D, Rfdg., AMT (Mandatory put date 12/01/27) | 1.100(cc) | 11/01/29 | 625 | 561,999 | |
Sch. Facs. Construction | 5.000 | 06/15/29 | 1,500 | 1,652,408 | |
Sch. Facs. Construction, Series PP, Rfdg. | 5.000 | 06/15/26 | 2,100 | 2,203,458 | |
Series BBB, Rfdg. (Pre-refunded date 12/15/26)(ee) | 5.500 | 06/15/30 | 1,500 | 1,720,988 | |
Unrefunded Sch. Facs. Construction, Series NN, Rfdg. | 5.000 | 03/01/27 | 150 | 152,814 | |
New Jersey Edl. Facs. Auth. Rev., Montclair St. Univ., Series A, Rfdg. | 5.000 | 07/01/44 | 2,500 | 2,578,749 | |
New Jersey Healthcare Facs. Fing. Auth. Rev., | |||||
Hackensack Meridian Hlth., Series A, Rfdg. | 5.000 | 07/01/39 | 1,500 | 1,632,798 | |
RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | 07/01/33 | 1,015 | 1,090,871 | |
RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | 07/01/43 | 1,585 | 1,678,016 | |
RWJ Univ. Hosp., Series A | 5.500 | 07/01/43 | 1,000 | 1,027,214 | |
New Jersey Higher Ed. Student Assistance Auth. Rev., | |||||
Sr. Series A, Rfdg. | 5.000 | 12/01/25 | 550 | 590,492 | |
Sr. Series A, Rfdg. | 5.000 | 12/01/26 | 700 | 761,808 | |
New Jersey St. Sales Tax, Covid-19 GO Emergency Bonds, Series A, GO | 5.000 | 06/01/29 | 4,865 | 5,565,440 | |
New Jersey Tpke. Auth. Rev., | |||||
Series A | 5.000 | 01/01/28 | 1,505 | 1,590,670 | |
Series A | 5.000 | 01/01/48 | 2,155 | 2,384,030 | |
Series A, Rfdg. (Pre-refunded date 07/01/22)(ee) | 5.000 | 01/01/43 | 1,115 | 1,118,567 | |
Series B, Rfdg. | 5.000 | 01/01/27 | 2,215 | 2,467,910 | |
Series D, Rfdg. | 5.000 | 01/01/28 | 2,150 | 2,378,109 | |
Series E, Rfdg. | 5.000 | 01/01/32 | 2,030 | 2,277,640 | |
New Jersey Trans. Tr. Fd. Auth. Rev., | |||||
Series AA, Rfdg. | 5.000 | 06/15/27 | 1,200 | 1,308,418 | |
Trans. Prog. Notes, Rmkt., Series BB-1 | 5.000 | 06/15/33 | 1,300 | 1,397,058 | |
Trans. Sys. Bond, Rfdg. | 5.000 | 12/15/26 | 500 | 542,332 | |
Trans. Sys., Series A, Rfdg. | 5.000 | 12/15/28 | 3,600 | 3,957,553 | |
Trans. Sys., Series A, Rfdg. | 5.000 | 12/15/36 | 1,250 | 1,337,329 | |
Trans. Sys., Series A, Rfdg. | 5.500 | 12/15/23 | 3,590 | 3,766,968 | |
Trans. Sys., Series D, Rfdg. | 5.000 | 12/15/24 | 2,555 | 2,708,534 |
13
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey (cont’d.) | |||||
Tob. Settlement Fing. Corp. Rev., | |||||
Series A, Rfdg. | 5.000 % | 06/01/23 | 1,305 | $1,342,550 | |
Series A, Rfdg. | 5.000 | 06/01/25 | 2,345 | 2,488,844 | |
Series A, Rfdg. | 5.000 | 06/01/27 | 2,325 | 2,527,525 | |
Series A, Rfdg. | 5.000 | 06/01/28 | 2,670 | 2,935,866 | |
Series A, Rfdg. | 5.000 | 06/01/29 | 3,030 | 3,327,291 | |
Series A, Rfdg. | 5.000 | 06/01/37 | 2,000 | 2,100,657 | |
Series A, Rfdg. | 5.250 | 06/01/46 | 5,500 | 5,911,134 | |
73,892,800 | |||||
New Mexico 0.5% | |||||
Farmington Rev., | |||||
4 Corners Proj., Rmkt., Rfdg. | 1.800 | 04/01/29 | 1,500 | 1,337,301 | |
Pub. Svcs. Co. of San Juan, Series C, Rfdg. (Mandatory put date 06/01/24) | 1.150(cc) | 06/01/40 | 3,000 | 2,900,730 | |
4,238,031 | |||||
New York 4.3% | |||||
Long Island Pwr. Auth. Rev., | |||||
Notes | 1.000 | 09/01/25 | 4,100 | 3,855,203 | |
Series B, Rfdg. (Mandatory put date 09/01/26) | 1.500(cc) | 09/01/51 | 3,000 | 2,896,990 | |
New York, | |||||
Fiscal 2008, Rmkt., Series J-10, GO | 5.000 | 08/01/26 | 1,000 | 1,115,785 | |
Fiscal 2015, Rmkt., Sub-Series F-4, GO (Mandatory put date 12/01/25) | 5.000(cc) | 06/01/44 | 2,000 | 2,173,343 | |
New York City Trans. Fin. Auth. Future Tax Sec’d. Rev., Series A-1, Rfdg. | 5.000 | 11/01/27 | 2,000 | 2,273,059 | |
New York City Wtr. & Swr. Sys. Rev., Sub. Series CC-2 | 5.000 | 06/15/28 | 2,330 | 2,601,026 | |
New York Liberty Dev. Corp. Rev., Series 1WTC, Rfdg. | 4.000 | 02/15/43 | 2,500 | 2,547,961 | |
New York St. Dorm. Auth. Rev., | |||||
Mem. Sloan Kettering, Series 1, Rfdg. | 5.000 | 07/01/42 | 1,000 | 1,079,631 | |
Series A, Rfdg. | 5.000 | 03/15/29 | 3,025 | 3,504,034 | |
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 | 3,932,333 | |
New York Trans. Dev. Corp. Rev., | |||||
JFK Int’l. Arpt. Proj. Terminal 4, Series A, Rfdg., AMT | 5.000 | 12/01/25 | 800 | 841,287 | |
Laguardia Arpt., Term. B Redev., Series A, AMT | 5.000 | 07/01/46 | 1,000 | 1,035,342 |
14
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York (cont’d.) | |||||
Port Auth. of NY & NJ Rev., | |||||
Series 223, Rfdg., AMT | 5.000 % | 07/15/28 | 1,500 | $1,682,503 | |
Series 226, Rfdg., AMT | 5.000 | 10/15/27 | 975 | 1,085,221 | |
Triborough Bridge & Tunnel Auth. Rev., | |||||
Series A-1, Rfdg. | 5.000 | 05/15/51 | 2,500 | 2,819,032 | |
Series A-2, Rfdg. (Mandatory put date 05/15/28) | 2.000(cc) | 05/15/45 | 2,000 | 1,954,514 | |
TSASC, Inc. Rev., Series A, Rfdg. | 5.000 | 06/01/41 | 2,000 | 2,104,498 | |
Util. Debt Secur. Auth. Rev., Series TE, Rfdg. | 5.000 | 12/15/41 | 2,585 | 2,666,235 | |
40,167,997 | |||||
North Carolina 0.6% | |||||
Charlotte Mecklenburg Hosp. Auth. Rev., Atrium Hlth. Oblig. Grp., Series C (Mandatory put date 12/01/28) | 5.000(cc) | 01/15/50 | 1,100 | 1,246,609 | |
North Carolina St. Rev., Grant Anticipation Rev. | 5.000 | 03/01/28 | 1,000 | 1,132,955 | |
North Carolina Tpke. Auth. Rev., BANS | 5.000 | 02/01/24 | 3,000 | 3,126,719 | |
5,506,283 | |||||
North Dakota 0.1% | |||||
Cass Cnty. Joint Wtr. Resource Dist., Series A, GO | 0.480 | 05/01/24 | 1,000 | 959,104 | |
Ohio 5.5% | |||||
Akron Bath Copley Joint Township Hosp. Dist. Rev., Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 5.000 | 11/15/28 | 460 | 508,863 | |
Allen Cnty. Hosp. Facs. Rev., Bon Secours Mercy Hlth., Rfdg. | 5.000 | 12/01/30 | 1,100 | 1,255,009 | |
Buckeye Tob. Settlement Fing. Auth. Rev., | |||||
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/28 | 3,485 | 3,818,928 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/30 | 1,125 | 1,250,452 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/31 | 3,930 | 4,364,745 | |
Sr. Series A-2, Class 1, Rfdg. | 5.000 | 06/01/33 | 3,480 | 3,816,773 | |
Franklin Cnty. Hosp. Facs. Rev., | |||||
Hosp. Facs. | 4.125 | 05/15/45 | 2,000 | 2,011,304 | |
Nationwide Children’s Hosp. Proj. | 4.000 | 11/01/45 | 2,000 | 2,004,064 | |
Nationwide Children’s Hosp. Proj., Rfdg. | 4.000 | 11/01/47 | 2,400 | 2,402,275 |
15
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Ohio (cont’d.) | |||||
Franklin Cnty. Hosp. Facs. Rev., (cont’d.) | |||||
Nationwide Children’s Hosp., Series B, Rfdg., FRDD (Mandatory put date 06/01/22) | 0.620 %(cc) | 11/01/42 | 4,370 | $4,370,000 | |
Ohio Hlth. Corp., Series A | 4.000 | 05/15/47 | 4,815 | 4,833,045 | |
Lancaster Port Auth. Rev., Series A, Rfdg. (Mandatory put date 02/01/25) | 5.000(cc) | 08/01/49 | 1,345 | 1,425,385 | |
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 | 468,008 | |
American Elec. Pwr. Co. Proj., Series C, Rfdg., AMT (Mandatory put date 10/01/24) | 2.100(cc) | 12/01/27 | 1,500 | 1,459,349 | |
Ohio Vlly. Elec. Corp. Proj., Rmkt., Series B (Mandatory put date 11/01/24) | 1.375(cc) | 02/01/26 | 750 | 710,209 | |
Ohio St., Common Sch. Series C, GO, Rfdg. | 5.000 | 03/15/27 | 1,000 | 1,125,955 | |
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 | 2,044,110 | |
Ohio St. Rev., | |||||
Cleveland Clnc. Hlth. Sys., Series A, Rfdg. | 5.000 | 01/01/28 | 2,890 | 3,261,795 | |
Grant Anticipation Rev. Vehicle, Series 1-A | 5.000 | 12/15/28 | 800 | 927,929 | |
Ohio Turnpike & Infrast. Commn. Rev., Jr. Lien Infrast. Proj., Series A, Rfdg.(hh) | 5.000 | 02/15/29 | 1,000 | 1,108,254 | |
Ohio Wtr. Dev. Auth. Rev., Rfdg. | 5.000 | 06/01/46 | 6,640 | 7,672,862 | |
50,839,314 | |||||
Oklahoma 1.0% | |||||
Oklahoma Dev. Fin. Auth. Rev., Gilcrease Expressway West, AMT | 1.625 | 07/06/23 | 1,500 | 1,476,847 | |
Oklahoma Tpke. Auth. Rev., | |||||
2nd Sr. Series A, Rfdg. | 5.000 | 01/01/28 | 2,340 | 2,654,113 | |
Series A | 5.000 | 01/01/42 | 3,000 | 3,205,521 | |
Stillwater Util. Auth. Rev., Series A | 5.000 | 10/01/39 | 1,865 | 1,971,048 | |
9,307,529 | |||||
Oregon 0.2% | |||||
Oregon Hlth. & Science Univ. Rev., Series B-1, Rfdg. (Mandatory put date 02/01/30) | 5.000(cc) | 07/01/46 | 2,000 | 2,260,979 |
16
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania 5.6% | |||||
Allegheny Cnty. Arpt. Auth. Rev., Series A, AMT | 5.000 % | 01/01/27 | 2,000 | $2,173,927 | |
Bucks Cnty. Indl. Dev. Auth. Rev., Grand View Hosp. Proj. | 5.000 | 07/01/25 | 350 | 363,148 | |
Comnwlth. Fing. Auth. Rev., | |||||
Tob. Mstr. Settlement Payment Bonds | 5.000 | 06/01/25 | 2,280 | 2,439,089 | |
Tob. Mstr. Settlement Payment Bonds | 5.000 | 06/01/28 | 1,280 | 1,436,491 | |
Tob. Mstr. Settlement Payment Bonds | 5.000 | 06/01/34 | 1,095 | 1,192,833 | |
Delaware Vlly. Regl. Fin. Auth. Rev., Series A, AMBAC | 5.500 | 08/01/28 | 2,200 | 2,518,352 | |
Geisinger Auth. Rev., Geisinger Hlth. Sys. Oblig. Grp., Rfdg. (Mandatory put date 02/15/27) | 5.000(cc) | 04/01/43 | 1,100 | 1,196,301 | |
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 | 3,184,756 | |
Lehigh Cnty. Gen. Purp. Auth. Rev., Lehigh Vlly. Academy Regl. Chrt. Sch. | 4.000 | 06/01/57 | 1,445 | 1,251,151 | |
Luzerne Cnty. Indl. Dev. Auth. Rev., Pennsylvania American, Rfdg., AMT (Mandatory put date 12/03/29) | 2.450(cc) | 12/01/39 | 1,250 | 1,176,898 | |
Pennsylvania Econ. Dev. Fing. Auth. Rev., Wste. Mgmt., Inc. Proj., Series B, Rfdg., AMT (Mandatory put date 11/02/26) | 1.100(cc) | 06/01/31 | 1,250 | 1,159,177 | |
Pennsylvania Higher Edl. Facs. Auth. Rev., | |||||
Trustees Univ. of Pennsylvania, Series A | 4.000 | 08/15/41 | 3,200 | 3,270,853 | |
Univ. of Pennsylvania Hlth. Sys. | 5.000 | 08/15/49 | 2,000 | 2,168,154 | |
Pennsylvania Tpke. Commn. Rev., | |||||
Series A | 5.000 | 12/01/38 | 1,000 | 1,045,849 | |
Series A-1, Rfdg. | 5.000 | 12/01/40 | 1,500 | 1,567,565 | |
Series A-2, Rfdg. | 5.000 | 12/01/26 | 895 | 1,000,044 | |
Series A-2, Rfdg. | 5.000 | 12/01/28 | 870 | 986,299 | |
Series B | 5.000 | 12/01/45 | 7,000 | 7,335,676 | |
Sub. Series A-1 | 5.000 | 12/01/25 | 1,425 | 1,540,853 | |
Sub. Series B, Rfdg. | 5.000 | 06/01/29 | 1,860 | 2,020,656 | |
Sub. Series B-1 | 5.250 | 06/01/47 | 2,000 | 2,143,662 | |
Philadelphia Arpt. Rev., | |||||
Priv. Activ., Rfdg., AMT | 5.000 | 07/01/27 | 1,125 | 1,230,002 | |
Priv. Activ., Rfdg., AMT | 5.000 | 07/01/51 | 2,380 | 2,578,400 | |
Philadelphia Auth. for Indl. Dev. Rev., Children’s Hosp. Proj., Rfdg. | 4.000 | 07/01/37 | 1,075 | 1,100,188 |
17
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania (cont’d.) | |||||
Philadelphia Gas Wks. Co. Rev., | |||||
16th Series A, AGM | 5.000 % | 08/01/28 | 625 | $702,921 | |
16th Series A, AGM | 5.000 | 08/01/29 | 1,000 | 1,133,464 | |
Philadelphia, Wtr. & Wstewtr. Rev., Series A | 5.000 | 11/01/27 | 1,180 | 1,315,964 | |
Univ. of Pittsburgh Comnwlth. Sys. of Higher Ed. Rev., Rfdg. | 4.000 | 04/15/26 | 2,250 | 2,386,935 | |
51,619,608 | |||||
Puerto Rico 3.3% | |||||
Puerto Rico Comnwlth., Restructured, Series A, GO, CABS | 4.015(t) | 07/01/24 | 17,954 | 16,524,668 | |
Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev., | |||||
Sr. Lien, Series A | 5.750 | 07/01/37 | 1,260 | 1,263,593 | |
Sr. Lien, Series A | 6.000 | 07/01/47 | 1,050 | 1,053,071 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., | |||||
Restructured, Series A-1 | 4.500 | 07/01/34 | 848 | 857,816 | |
Restructured, Series A-1 | 5.000 | 07/01/58 | 4,413 | 4,486,785 | |
Series A-1, CABS | 3.740(t) | 07/01/24 | 1,466 | 1,356,944 | |
Series A-1, CABS | 3.996(t) | 07/01/27 | 6,342 | 5,186,044 | |
30,728,921 | |||||
Rhode Island 1.1% | |||||
Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev., Clg. & Univ. Rev. | 5.250 | 08/15/43 | 3,965 | 4,352,911 | |
Tob. Settlement Fing. Corp. Rev., | |||||
Series A, Rfdg. | 5.000 | 06/01/22 | 325 | 325,000 | |
Series A, Rfdg. | 5.000 | 06/01/24 | 680 | 716,728 | |
Series A, Rfdg. | 5.000 | 06/01/40 | 4,350 | 4,519,590 | |
9,914,229 | |||||
South Carolina 1.2% | |||||
South Carolina Ports Auth. Rev., AMT | 4.000 | 07/01/45 | 1,000 | 967,715 | |
South Carolina Pub. Svc. Auth. Rev., | |||||
Santee Cooper, Series A, Rfdg. (Pre-refunded date 12/01/23)(ee) | 5.750 | 12/01/43 | 3,000 | 3,175,867 |
18
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
South Carolina (cont’d.) | |||||
South Carolina Pub. Svc. Auth. Rev., (cont’d.) | |||||
Series A, Rfdg. | 5.000 % | 12/01/29 | 1,300 | $1,391,629 | |
Series A, Rfdg. | 5.000 | 12/01/31 | 4,595 | 5,223,383 | |
10,758,594 | |||||
South Dakota 0.1% | |||||
Edl. Enhancement Fdg. Corp. Rev., Series B, Rfdg. (Pre-refunded 06/01/23)(ee) | 5.000 | 06/01/27 | 1,000 | 1,032,558 | |
Tennessee 0.4% | |||||
Memphis Shelby Cnty. Arpt. Auth. Rev., Series A, AMT | 5.000 | 07/01/25 | 830 | 886,524 | |
Tennessee Energy Acq. Corp. Gas Rev., Series A | 5.250 | 09/01/26 | 2,605 | 2,800,639 | |
3,687,163 | |||||
Texas 6.5% | |||||
Central Texas Regl. Mobility Auth. Rev., | |||||
BANS, Sub. Series F | 5.000 | 01/01/25 | 1,250 | 1,313,203 | |
Series C | 5.000 | 01/01/27 | 800 | 862,011 | |
Sr. Lien, Series A (Pre-refunded 07/01/25)(ee) | 5.000 | 01/01/40 | 1,395 | 1,519,113 | |
Sr. Lien, Series A (Pre-refunded date 07/01/25)(ee) | 5.000 | 01/01/45 | 1,000 | 1,088,427 | |
Sr. Lien, Series D, Rfdg. | 5.000 | 01/01/29 | 1,000 | 1,111,254 | |
Clifton Higher Ed. Fin. Corp. Rev., | |||||
Idea Pub. Sch. | 6.000 | 08/15/43 | 1,000 | 1,041,636 | |
Idea Pub. Sch., Rfdg., PSFG | 5.000 | 08/15/39 | 1,000 | 1,046,505 | |
Dallas Hotel Occupancy Tax Rev., Rfdg. | 4.000 | 08/15/28 | 1,010 | 1,070,765 | |
Dallas-Fort Worth Int’l. Arpt. Rev., | |||||
Rfdg. | 5.000 | 11/01/27 | 1,455 | 1,624,023 | |
Series A, Rfdg. | 5.000 | 11/01/25 | 1,250 | 1,355,212 | |
Series A, Rfdg. | 5.000 | 11/01/26 | 1,375 | 1,514,542 | |
Series B, Rfdg. | 5.000 | 11/01/26 | 1,475 | 1,624,695 | |
Grand Parkway Trans. Corp. Rev., 1st Tier Toll Rev., Series A | 5.125 | 10/01/43 | 2,000 | 2,036,110 | |
Gulf Coast Wste. Disp. Auth. Rev., | |||||
ExxonMobil Proj., FRDD (Mandatory put date 06/01/22) | 0.610(cc) | 09/01/25 | 3,220 | 3,220,000 | |
ExxonMobil Proj., FRDD (Mandatory put date 06/01/22) | 0.610(cc) | 12/01/25 | 4,685 | 4,685,000 |
19
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
Harris Cnty. Cultrl. Ed. Facs. Fin. Corp. Rev., | |||||
Med. Facs. Mtg., Baylor Clg. of Medicine, Series A, Rfdg. (Mandatory put date 07/01/24) | 1.210 %(cc) | 11/15/46 | 2,000 | $2,021,205 | |
Mem. Hermann Hlth. Sys., Series C-3, Rfdg. (Mandatory put date 12/01/26) | 5.000(cc) | 06/01/32 | 2,380 | 2,613,714 | |
Texas Children’s Hosp., Series B, Rfdg. (Mandatory put date 10/01/24) | 5.000(cc) | 10/01/41 | 1,160 | 1,238,200 | |
Harris Cnty. Toll Road Auth. Rev., Sr. Lien, Series A, Rfdg. | 5.000 | 08/15/43 | 3,000 | 3,278,121 | |
Houston Arpt. Sys. Rev., | |||||
Sub. Lien, Series A, Rfdg., AMT (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/32 | 5,640 | 5,657,512 | |
Sub. Lien, Series B, Rfdg. (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/32 | 2,000 | 2,006,527 | |
Lower Colorado River Auth. Rev., | |||||
LCRA Transmn. Svcs. Corp. Proj., Rfdg. | 5.000 | 05/15/27 | 2,000 | 2,226,013 | |
Series B, Rfdg., AGM | 5.000 | 05/15/28 | 1,130 | 1,285,340 | |
Lower Neches Vlly. Auth. Indl. Dev. Corp. Rev., | |||||
ExxonMobil Proj., FRDD (Mandatory put date 06/01/22) | 0.590(cc) | 11/01/38 | 1,050 | 1,050,000 | |
ExxonMobil Proj., Series A, Rfdg., FRDD (Mandatory put date 06/01/22) | 0.600(cc) | 11/01/29 | 2,250 | 2,250,000 | |
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 | 1,217,252 | |
North Texas Twy. Auth. Rev., | |||||
1st Tier, Series A, Rfdg. | 5.000 | 01/01/28 | 785 | 855,100 | |
2nd Tier, Rfdg. | 5.000 | 01/01/48 | 1,250 | 1,353,300 | |
2nd Tier, Series B, Rfdg. | 5.000 | 01/01/27 | 1,565 | 1,734,283 | |
2nd Tier, Series B, Rfdg. | 5.000 | 01/01/28 | 1,445 | 1,624,468 | |
Series A, Rfdg. | 5.000 | 01/01/26 | 505 | 526,873 | |
Series B, Rfdg. | 5.000 | 01/01/45 | 2,000 | 2,080,976 | |
Texas Priv. Activ. Surf. Trans. Corp. Rev., | |||||
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 6.750 | 06/30/43 | 500 | 519,477 | |
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 7.000 | 12/31/38 | 1,500 | 1,572,640 | |
60,223,497 | |||||
Utah 1.7% | |||||
Cnty. of Utah Rev., IHC Hlth. Serv., Inc., Series B (Mandatory put date 08/01/26) | 5.000(cc) | 05/15/60 | 6,800 | 7,434,317 |
20
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Utah (cont’d.) | |||||
Salt Lake City Corp. Arpt. Rev., | |||||
Series A, AMT | 5.000 % | 07/01/23 | 2,000 | $2,060,659 | |
Series A, AMT | 5.000 | 07/01/28 | 2,070 | 2,292,740 | |
Series A, AMT | 5.000 | 07/01/51 | 2,000 | 2,186,485 | |
Series A, AMT | 5.250 | 07/01/48 | 2,000 | 2,161,977 | |
16,136,178 | |||||
Virginia 1.1% | |||||
Fairfax Cnty. Indl. Dev. Auth. Rev., Healthcare, Inova Hlth. Sys., Series A, Rfdg. | 4.000 | 05/15/48 | 3,000 | 2,979,564 | |
Hampton Roads Trans. Accountability Commn. Rev., BANS, Sr. Lien, Series A | 5.000 | 07/01/26 | 3,910 | 4,352,417 | |
Virginia Small Bus. Fing. Auth. Rev., Sr. Lien Elizabeth River Crossing Opco, LLC Proj. Rfdg.(hh) | 4.000 | 01/01/30 | 1,750 | 1,829,668 | |
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 | 731,884 | |
9,893,533 | |||||
Washington 2.7% | |||||
King Cnty., Series A, GO | 5.000 | 01/01/28 | 1,000 | 1,136,379 | |
Port of Seattle Rev., | |||||
Intermediate Lein Priv. Activ., Series C, Rfdg., AMT | 5.000 | 08/01/28 | 1,500 | 1,678,016 | |
Intermediate Lien Priv. Activ., Series C, Rfdg., AMT | 5.000 | 08/01/46 | 8,145 | 8,770,780 | |
Series A, AMT | 5.000 | 05/01/43 | 1,500 | 1,561,365 | |
Univ. of Washington Rev., | |||||
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/31 | 1,250 | 1,460,463 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/32 | 1,410 | 1,636,022 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/34 | 1,000 | 1,153,076 | |
Forward Delivery, Series C, Rfdg. | 5.000 | 04/01/35 | 2,000 | 2,299,316 | |
Washington Healthcare Facs. Auth. Rev., | |||||
Multicare Hlth. Sys., Series B, Rfdg. | 5.000 | 08/15/26 | 670 | 722,962 | |
Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | 07/01/38 | 2,690 | 2,784,123 | |
Seattle Children’s Hosp., Series A (Pre-refunded date 10/01/22)(ee) | 5.000 | 10/01/42 | 2,300 | 2,330,450 | |
25,532,952 |
21
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
West Virginia 0.3% | |||||
West Virginia Hosp. Fin. Auth. Rev., Cabell Huntington Hosp. Oblig., Series B, Rfdg. | 5.000 % | 01/01/43 | 1,000 | $1,048,079 | |
West Virginia Prkwys. Auth. Rev., Sr. Tpke. Toll | 4.000 | 06/01/47 | 1,970 | 1,996,520 | |
3,044,599 | |||||
Wisconsin 0.3% | |||||
Pub. Fin. Auth. Rev., Providence St. Joseph Hlth., Series C, Rfdg. (Mandatory put date 10/01/30) | 4.000(cc) | 10/01/41 | 1,500 | 1,593,416 | |
Wisconsin Hlth. & Edl. Facs. Auth. Rev., Ascension Hlth. Alliance, Rmkt., Series B-1, Rfdg. | 4.000 | 11/15/43 | 1,500 | 1,486,484 | |
3,079,900 | |||||
TOTAL INVESTMENTS 99.3% (cost $946,903,112) | 923,204,814 | ||||
Other assets in excess of liabilities(z) 0.7% | 6,688,253 | ||||
Net Assets 100.0% | $929,893,067 |
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 | |
Rfdg—Refunding | |
TCRs—Transferrable Custodial Receipts |
# | 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, 2022. |
22
PGIM National Muni Fund
Schedule of Investments as of May 31, 2022 (unaudited) (continued)
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of May 31, 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. |
(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, 2022. |
(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, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Position: | ||||||||
265 | 20 Year U.S. Treasury Bonds | Sep. 2022 | $36,950,938 | $104,652 |
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).
23