PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 98.9% | |||||
Municipal Bonds | |||||
Abag Fin. Auth. For Nonprofit Corp. Rev., | |||||
Episcopal Sr. Cmnty., Rfdg | 6.125 % | 07/01/41 | 475 | $488,899 | |
Sharp Healthcare, Series A, Rfdg. | 5.000 | 08/01/43 | 2,000 | 2,205,220 | |
Alameda Corridor Trans. Auth. Rev., | |||||
Second Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/34 | 2,150 | 2,347,241 | |
Second Sub. Lien, Series B, Rfdg. | 5.000 | 10/01/37 | 1,700 | 1,837,700 | |
Sr. Lien, Series A, Rfdg., AGM | 5.000 | 10/01/28 | 1,000 | 1,100,600 | |
Anaheim Calif. Pub. Fing. Auth. Rev., Series A, Rfdg. | 5.000 | 05/01/39 | 1,000 | 1,083,260 | |
Bay Area Toll Auth. Rev., | |||||
Rfdg. | 5.000 | 04/01/27 | 830 | 1,065,554 | |
Rfdg. | 5.000 | 04/01/28 | 665 | 875,393 | |
Series F-1 | 5.000 | 04/01/56 | 1,000 | 1,171,010 | |
Series F-1, Rfdg. (Pre-refunded date 04/01/24)(ee) | 5.000 | 04/01/54 | 1,000 | 1,179,980 | |
California Cnty. Tob. Secur. Agcy. Rev., | |||||
Conv. Bonds, Asset Bkd., (Converted to Fixed on 12/01/10) | 5.250 | 06/01/21 | 925 | 926,369 | |
Conv. Bonds, Asset Bkd., (Converted to Fixed on 12/01/10) | 5.450 | 06/01/28 | 500 | 500,050 | |
Conv. Bonds, Asset Bkd., Series B, Rfdg. (Converted to Fixed on 12/01/08) | 5.100 | 06/01/28 | 850 | 850,017 | |
California Edl. Facs. Auth. Rev., Pepperdine Univ., Rfdg. | 5.000 | 10/01/49 | 2,000 | 2,339,140 | |
California Hlth. Facs. Fing. Auth. Rev., | |||||
Cedars Sinai Med. Ctr., Rfdg. | 5.000 | 11/15/25 | 725 | 864,584 | |
Cedars Sinai Med. Ctr., Rfdg. | 5.000 | 11/15/33 | 1,000 | 1,162,840 | |
Cedars Sinai Med. Ctr., Series A | 5.000 | 08/15/25 | 250 | 296,327 | |
City of Hope Oblig. Grp. | 4.000 | 11/15/45 | 1,055 | 1,173,424 | |
Kaiser Permanente, Series C (Mandatory put date 11/01/29) | 5.000(cc) | 06/01/41 | 1,075 | 1,391,652 | |
Kaiser Permanente, Sub. Series A-2, Rfdg. | 4.000 | 11/01/44 | 3,045 | 3,351,936 | |
Providence Hlth. Svcs., Series A, Rfdg. | 5.000 | 10/01/27 | 250 | 287,960 | |
Providence St. Joseph, Hlth. Proj., Series C, Rfdg. (Mandatory put date 10/01/25) | 5.000(cc) | 10/01/39 | 265 | 315,649 | |
Stanford Healthcare, Series A | 5.000 | 08/15/54 | 1,000 | 1,138,080 | |
Sutter Hlth., Series A, Rfdg. | 5.000 | 08/15/43 | 1,500 | 1,697,910 | |
Sutter Hlth., Series D, Rfdg. | 5.250 | 08/15/31 | 1,105 | 1,156,880 | |
California Muni. Fin. Auth. Rev., | |||||
Amern. Heritage Ed., Series A, Rfdg. | 4.000 | 06/01/26 | 845 | 866,657 | |
CHF-Davis I, LLC, West Village Student Hsg. Proj. | 5.000 | 05/15/23 | 495 | 532,303 | |
CHF-Davis I, LLC, West Village Student Hsg. Proj., BAM, TCRs | 5.000 | 05/15/29 | 760 | 901,284 | |
Series A, 144A | 5.500 | 06/01/48 | 250 | 256,990 | |
Sr. Lien-LINXS APM Proj., Series A, AMT | 5.000 | 12/31/43 | 2,500 | 2,712,375 |
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PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California Muni. Fin. Auth. Rev., (cont’d.) | |||||
UCR North Dist. Phase 1 Student Hsg. Proj., BAM | 5.000 % | 05/15/27 | 750 | $884,558 | |
Var. Chevron USA, Rec. Zone, Series A, FRDD | 0.040(cc) | 11/01/35 | 3,850 | 3,850,000 | |
Var. Exxonmobil Proj., Rfdg., FRDD | 0.060(cc) | 12/01/29 | 2,575 | 2,575,000 | |
California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev., | |||||
Amern. Wtr. Cap. Corp. Proj., 144A | 5.250 | 08/01/40 | 1,250 | 1,257,712 | |
Green Bond-Calplant I Proj., AMT, 144A | 7.000 | 07/01/22 | 250 | 139,787 | |
Green Bond-Calplant I Proj., AMT, 144A | 8.000 | 07/01/39 | 500 | 274,960 | |
California Sch. Fin. Auth. Chrt. Sch. Rev., | |||||
Alliance CLG-Ready Pub. Schs., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,038,930 | |
Alliance CLG-Ready Pub. Schs., Series A, Rfdg., 144A | 4.000 | 07/01/26 | 300 | 320,655 | |
Granada Hills Charter Oblig. Grp., 144A | 5.000 | 07/01/54 | 1,000 | 1,025,290 | |
Green Dot Pub. Sch. Proj., Series A, 144A | 5.000 | 08/01/45 | 610 | 632,381 | |
Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/45 | 1,000 | 1,038,450 | |
Kipp. LA. Proj., Series A, 144A | 5.000 | 07/01/47 | 1,130 | 1,185,472 | |
Kipp. Socal Pub. Schs., Series A, 144A | 5.000 | 07/01/49 | 1,000 | 1,059,820 | |
California St., | |||||
GO | 5.000 | 03/01/45 | 2,000 | 2,312,500 | |
GO | 5.250 | 11/01/40 | 750 | 763,882 | |
GO, Rfdg. | 3.250 | 04/01/45 | 1,000 | 1,084,460 | |
GO, Rfdg. | 5.000 | 08/01/45 | 1,500 | 1,750,410 | |
GO, Rfdg. | 5.000 | 08/01/46 | 1,500 | 1,788,900 | |
Unrefunded Balance, GO | 5.500 | 04/01/30 | 5 | 5,019 | |
Var. Purp., GO | 3.000 | 03/01/28 | 2,000 | 2,296,180 | |
Var. Purp., GO | 4.000 | 04/01/49 | 2,000 | 2,292,860 | |
Var. Purp., GO | 5.250 | 04/01/35 | 1,250 | 1,353,000 | |
Var. Purp., GO | 6.000 | 03/01/33 | 925 | 928,830 | |
Var. Purp., GO, Rfdg. | 5.000 | 09/01/41 | 5,000 | 5,255,100 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/41 | 1,250 | 1,318,888 | |
Var. Purp., GO, Rfdg. | 5.000 | 10/01/47 | 2,000 | 2,367,500 | |
California St. Pub. Wks. Brd. Lease Rev., Judicial Council Projs., Series D | 5.000 | 12/01/31 | 1,000 | 1,062,010 | |
California St. Univ. Rev., Series A, Systemwide, Rfdg. (Pre-refunded date 11/01/21)(ee) | 5.000 | 11/01/37 | 1,250 | 1,335,062 | |
California Statewide Cmntys. Dev. Auth. Rev., | |||||
899 Charleston Proj., Series A, Rfdg., 144A | 5.250 | 11/01/44 | 250 | 252,680 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/27 | 685 | 754,452 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/28 | 2,000 | 2,198,300 | |
Green Marin General Hosp. Proj., Series A | 4.000 | 08/01/45 | 1,250 | 1,295,487 | |
John Muir Hlth., Series A, Rfdg. | 4.000 | 08/15/46 | 1,000 | 1,100,570 | |
John Muir Hlth., Series A, Rfdg. | 4.000 | 08/15/51 | 2,155 | 2,364,143 | |
John Muir Hlth., Series A, Rfdg. | 5.000 | 12/01/53 | 950 | 1,140,256 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | 12/01/56 | 1,000 | 1,020,730 | |
Loma Linda Univ. Med. Ctr., Series A, Rfdg. | 5.250 | 12/01/44 | 1,585 | 1,623,832 |
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PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California Statewide Cmntys. Dev. Auth. Rev., (cont’d.) | |||||
Methodist Hosp. of Southern CA Proj. | 5.000 % | 01/01/33 | 240 | $279,341 | |
Methodist Hosp. of Southern CA Proj. | 5.000 | 01/01/48 | 1,975 | 2,198,215 | |
California Statewide Cmntys. Dev. Auth. Spl. Tax, Cmnty. Facs. Dist. #97-1, CABS | 3.665(s) | 09/01/22 | 745 | 686,398 | |
Chula Vista Calif. Indl. Dev. Rev., San Diego Gas, Series D, Rmkt., Rfdg. | 5.875 | 01/01/34 | 1,000 | 1,003,300 | |
Chula Vista Muni. Fing. Auth., Spl. Tax, Rfdg. | 5.000 | 09/01/21 | 500 | 527,765 | |
City of La Verne CA, Brethren Hillcrest Homes, COP, Rfdg. | 5.000 | 05/15/36 | 1,250 | 1,293,637 | |
Fontana Spl. Tax, Cmnty. Facs. Dist. #22 Sierra Hills, Rfdg. | 5.000 | 09/01/34 | 500 | 542,400 | |
Golden St. Tob. Secur. Corp. Rev., | |||||
Series A-1, Rfdg. | 5.000 | 06/01/24 | 835 | 949,646 | |
Series A-1, Rfdg. | 5.000 | 06/01/25 | 320 | 372,099 | |
Series A-1, Rfdg. | 5.000 | 06/01/26 | 605 | 715,449 | |
Series A-1, Rfdg. | 5.000 | 06/01/27 | 740 | 886,964 | |
Series A-1, Rfdg. | 5.000 | 06/01/28 | 1,510 | 1,794,408 | |
Series A-1, Rfdg. | 5.000 | 06/01/29 | 1,830 | 2,158,558 | |
Series A-1, Rfdg. | 5.000 | 06/01/33 | 1,405 | 1,628,325 | |
Inland Vlly. Dev. Agcy., Tax Alloc., Series A, Rfdg. | 5.000 | 09/01/44 | 500 | 555,380 | |
Irvine Unif. Sch. Dist., Spl. Tax, Series A | 4.000 | 09/01/28 | 750 | 881,340 | |
Jurupa Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. | 5.000 | 09/01/42 | 1,250 | 1,329,613 | |
La Mesa-Spring Vly. Sch. Dist., GO, Election of 2002, Series B, CABS, Rfdg., NATL | 0.744(s) | 08/01/23 | 2,000 | 1,953,420 | |
Lincoln Pub. Fing. Auth. Spl. Assmt., Twelve Bridges Sub. Dist., Series B, Rfdg. | 6.000 | 09/02/27 | 972 | 1,004,620 | |
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Series A | 5.000 | 11/15/35 | 2,655 | 3,481,449 | |
Series A | 5.500 | 11/15/30 | 1,375 | 1,799,449 | |
Series A | 5.500 | 11/15/32 | 440 | 591,734 | |
Long Beach Harbor Rev., NTS, Series C | 4.000 | 07/15/21 | 500 | 516,740 | |
Los Angeles Calif. Dept. Arpts. Rev., | |||||
Series A, AMT | 5.000 | 05/15/38 | 2,500 | 2,737,550 | |
Series A, AMT | 5.250 | 05/15/48 | 1,000 | 1,177,400 | |
Series A, AMT, Rfdg. | 5.000 | 05/15/43 | 1,000 | 1,179,360 | |
Series B, Rfdg., AMT | 5.000 | 05/15/31 | 905 | 1,113,268 | |
Sub., Series C, Rfdg. | 5.000 | 05/15/24 | 390 | 446,394 | |
Los Angeles Cnty. Regional Fing. Auth. Rev., Montecedro, Inc. Proj., Series A | 5.000 | 11/15/44 | 1,250 | 1,354,525 |
3
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Los Angeles Dept. of Wtr. Rev., | |||||
Green Bond, Sub., Wtr. Sys., Series A | 4.000 % | 06/01/42 | 1,500 | $1,698,000 | |
Wtr. Sys., Series B | 5.000 | 07/01/34 | 2,500 | 2,828,525 | |
Metro. Wtr. Dist. of Southern Calif. Rev., Unrefunded Balance, Series A | 5.750 | 07/01/21 | 1,085 | 1,099,984 | |
Middle Fork Proj. Fin. Auth., Rfdg. | 5.000 | 04/01/36 | 1,000 | 1,108,240 | |
M-S-R Energy Auth. Rev., Series A | 6.500 | 11/01/39 | 1,000 | 1,489,080 | |
Northern Calif. Energy Auth., Series A (Mandatory put date 07/01/24) | 4.000(cc) | 07/01/49 | 2,000 | 2,183,580 | |
Northern Calif. Transmission Agy. Rev., Calif.- Oregon Proj., Series A, Rfdg. | 5.000 | 05/01/39 | 750 | 880,042 | |
Orange Cnty. Cmnty. Facs. Dist. Spl. Tax, | |||||
No. 2015-1 Esencia Vlg., Series A | 5.250 | 08/15/45 | 2,150 | 2,372,181 | |
No. 2017-1 Esencia Vlg., Series A | 5.000 | 08/15/47 | 1,500 | 1,686,705 | |
Orange Cnty. Trans. Auth. Rev., Express Lane Sr. Lien 91, Rfdg. | 5.000 | 08/15/29 | 1,000 | 1,136,800 | |
Palomar Pomerado Healthcare Dist., COP (Pre-refunded date 11/01/20)(ee) | 6.000 | 11/01/41 | 1,200 | 1,229,160 | |
Pittsburg Redev. Agy. Tax Alloc. Rev., Sub., Series A, Rfdg., AGM | 5.000 | 09/01/29 | 1,750 | 2,118,935 | |
Pittsburg Success Agy. Redev. Agy. Tax Alloc., Los Medanos Cmnty. Dev. Proj., AMBAC, CABS | 1.349(s) | 08/01/26 | 1,375 | 1,265,509 | |
Port of Oakland Rev., | |||||
Series O, Rfdg., AMT | 5.000 | 05/01/29 | 1,000 | 1,024,440 | |
Series O, Rfdg., AMT | 5.125 | 05/01/30 | 1,000 | 1,024,760 | |
Sr. Lien, Series P, Rfdg., AMT | 5.000 | 05/01/33 | 1,750 | 1,867,740 | |
Poway Unif. Sch. Dist. Pub. Fing. Auth., Spl. Tax, Series A, Rfdg. | 5.000 | 09/01/35 | 1,000 | 1,109,220 | |
Puerto Rico Comnwlth. Aqu. & Sew. Auth. Rev., | |||||
Sr. Lien, Series A | 5.750 | 07/01/37 | 390 | 390,000 | |
Sr. Lien, Series A | 6.000 | 07/01/47 | 325 | 324,997 | |
Puerto Rico Sales Tax Fing. Corp. Rev., | |||||
Series A-1, CABS | 3.074(s) | 07/01/24 | 538 | 474,909 | |
Series A-1, CABS | 3.277(s) | 07/01/27 | 2,000 | 1,588,420 | |
Rancho Cucamonga Redev. Agy. Successor Agy. Tax Alloc., Rancho Redev. Proj. Area, Rfdg., AGM | 5.000 | 09/01/32 | 450 | 531,643 | |
Redding Elec. Sys. Rev., RIBS, | |||||
NATL, ETM(ee) | 9.915(e) | 07/01/22 | 745 | 828,522 | |
NATL, ETM, Linked SAVRS(ee) | 6.368 | 07/01/22 | 25 | 26,402 | |
Riverside Cnty. Infrast. Fing. Auth. Rev., Series A, Rfdg. | 4.000 | 11/01/37 | 1,250 | 1,377,563 |
4
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Riverside Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. | 5.250 % | 11/01/45 | 1,000 | $1,159,960 | |
Riverside Cnty. Trans. Commission Rev., Sr. Lien, Series A | 5.750 | 06/01/44 | 500 | 539,355 | |
Roseville Spl. Tax, | |||||
WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. | 5.000 | 09/01/28 | 300 | 348,879 | |
WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. | 5.000 | 09/01/37 | 500 | 565,405 | |
Sacramento Area Flood Control Agy. Spl. Assmt., Series A, Rfdg. | 5.000 | 10/01/41 | 1,000 | 1,198,210 | |
Sacramento Cnty. Arpts. Sys. Rev., Series C, Rfdg., AMT | 5.000 | 07/01/39 | 1,000 | 1,136,400 | |
Sacramento Cnty. Santn. Dist. Fing. Auth. Rev., Var.-Regl., Series B, Rfdg., NATL, 3 Month LIBOR + 0.530% | 1.589(c) | 12/01/35 | 1,000 | 990,438 | |
Sacramento Cnty. Santn. Dist. Fing. Auth. Spl. Tax, Cmnty. Facs. Dist. #2004-1, Mcclellan Park, Rfdg. | 5.000 | 09/01/40 | 1,085 | 1,208,386 | |
San Buenaventura Rev., | |||||
Cmnty. Mem. Hlth. Sys. | 7.500 | 12/01/41 | 500 | 506,485 | |
Cmnty. Mem. Hlth. Sys. | 8.000 | 12/01/26 | 500 | 520,160 | |
San Diego Cmnty. College Dist., Election of 2006, GO (Pre-refunded date 08/01/21)(ee) | 5.000 | 08/01/41 | 1,500 | 1,584,900 | |
San Diego Cnty. Regl. Arpt. Auth. Rev., | |||||
Sr. Series B, AMT | 5.000 | 07/01/29 | 1,925 | 2,103,621 | |
Sr. Series B, AMT | 5.000 | 07/01/30 | 650 | 709,274 | |
Sr. Series B, AMT | 5.000 | 07/01/43 | 2,000 | 2,129,400 | |
Sub., Series B, AMT, Rfdg. | 5.000 | 07/01/28 | 1,000 | 1,224,970 | |
San Diego Pub. Facs. Fing. Auth. Rev., | |||||
Cap. Impt. Projs., Series A | 5.000 | 10/15/44 | 1,000 | 1,136,700 | |
Series A, Rfdg. | 5.000 | 08/01/28 | 1,000 | 1,331,150 | |
San Francisco City & Cnty. Arpts. Comm. Rev., | |||||
Second Series A, Rfdg. | 5.000 | 05/01/27 | 400 | 479,240 | |
Second Series A, Rfdg., AMT | 5.000 | 05/01/31 | 1,050 | 1,117,116 | |
Second Series A, Rfdg., AMT | 5.250 | 05/01/33 | 545 | 596,137 | |
Second Series C, Unrefunded, AMT | 5.000 | 05/01/25 | 1,555 | 1,607,901 | |
Second Series F, Rfdg., AMT | 5.000 | 05/01/28 | 1,000 | 1,032,810 | |
Spl. Facs. Lease, Rfdg., AMT | 5.000 | 01/01/23 | 650 | 715,624 | |
San Leandro Cmnty. Facs., Spl. Tax Dist. No. 1 | 6.500 | 09/01/25 | 2,160 | 2,168,057 | |
Santa Margarita Wtr. Dist. Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 | 5.625 | 09/01/36 | 315 | 348,377 | |
Santa Maria Joint Union H.S. Dist., Election of 2004, CABS, GO, NATL | 1.557(s) | 08/01/29 | 1,250 | 1,084,200 |
5
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Santa Monica Cmnty. College Dist. Election of 2002, Series A, GO, NATL | 1.159 %(s) | 08/01/28 | 1,055 | $959,955 | |
Southern Calif. Pub. Pwr. Auth. Rev., Proj. 1, Series A | 5.000 | 11/01/33 | 685 | 879,595 | |
Southern Calif. Tob. Secur. Auth. Rev., San Diego Co., Asset security, Rfdg. | 5.000 | 06/01/25 | 700 | 802,144 | |
Stockton Pub. Fing. Auth. Rev., Delta Wtr. Sply. Proj., Series A, Rmkt. (Pre-refunded date 10/01/23)(ee) | 6.250 | 10/01/40 | 700 | 839,622 | |
Walnut Energy Ctr. Auth. Rev., Rfdg. | 5.000 | 01/01/34 | 1,000 | 1,169,780 | |
TOTAL INVESTMENTS 98.9% (cost $178,486,340) | 188,043,705 | ||||
Other assets in excess of liabilities(z) 1.1% | 2,150,643 | ||||
Net Assets 100.0% | $190,194,348 |
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 | |
CABS—Capital Appreciation Bonds | |
COP—Certificates of Participation | |
ETM—Escrowed to Maturity | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
LIBOR—London Interbank Offered Rate | |
NATL—National Public Finance Guaranty Corp. | |
Rfdg—Refunding | |
RIBS—Residual Interest Bonds | |
SAVRS—Select Auction Variable Rate Securities | |
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, 2020. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of May 31, 2020. 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. |
(e) | Inverse floating rate bond. The coupon is inversely indexed to a floating rate. The rate shown is the rate at May 31, 2020. |
(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. |
(s) | Represents zero coupon. Rate quoted represents effective yield at May 31, 2020. |
6
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2020 (unaudited) (continued)
(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, 2020: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Position: | ||||||||
22 | 20 Year U.S. Treasury Bonds | Sep. 2020 | $3,924,250 | $(11,431) |
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).
7