PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.4% | |||||
Municipal Bonds | |||||
Alabama 0.1% | |||||
Jefferson Cnty. Sewer Rev., | |||||
Sr. Lien, Warrants, Ser. A, AGM, Rfdg. | 5.000 % | 10/01/44 | 500 | $561,590 | |
Sr. Lien, Warrants, Ser. A, AGM, Rfdg. | 5.250 | 10/01/48 | 500 | 562,350 | |
1,123,940 | |||||
Alaska 2.1% | |||||
Alaska Indl. Dev. & Export Auth. Rev., Tanana Chiefs Conference Proj., Ser. A | 4.000 | 10/01/49 | 4,040 | 4,703,893 | |
Valdez Rev., | |||||
Exxon Pipeline Co. Proj., Rfdg., FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 10/01/25 | 7,800 | 7,800,000 | |
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 12/01/29 | 7,460 | 7,460,000 | |
19,963,893 | |||||
Arizona 4.2% | |||||
Arizona Indl. Dev. Auth. Rev., | |||||
Basis Schs. Proj., Ser. A, Rfdg., 144A | 5.375 | 07/01/50 | 1,000 | 1,104,500 | |
Cadence Campus Proj., Ser. A, 144A | 4.000 | 07/15/50 | 1,600 | 1,635,920 | |
Pinecrest Academy-Horizon Inspirada & St. Rose Campus, Ser. A, 144A | 5.750 | 07/15/48 | 1,500 | 1,655,970 | |
Glendale Indl. Dev. Auth. Rev., Royal Oaks Inspirata Pointe Proj., Ser. A | 5.000 | 05/15/56 | 1,500 | 1,687,905 | |
Maricopa Cnty. Indl. Dev. Auth. Rev., | |||||
Horizon Cmnty. Learning Ctr., Rfdg. | 5.000 | 07/01/35 | 2,000 | 2,133,340 | |
Reid Traditional Schs. Projs. | 5.000 | 07/01/47 | 1,000 | 1,116,780 | |
Phoenix City Indl. Dev. Auth. Rev., | |||||
Basis Schs. Projs., Rfdg., 144A | 5.000 | 07/01/45 | 1,000 | 1,077,890 | |
Basis Schs. Projs., Ser. A, Rfdg., 144A | 5.000 | 07/01/46 | 1,000 | 1,076,410 | |
Great Hearts Academies Proj. | 5.000 | 07/01/44 | 2,250 | 2,459,812 | |
Pima Cnty. Indl. Dev. Auth. Rev., Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000 | 09/01/29 | 3,000 | 3,222,810 | |
Salt Verde Fin. Corp. Gas Rev., | |||||
Sr. Bonds | 5.000 | 12/01/32 | 4,890 | 6,604,189 | |
Sr. Bonds | 5.000 | 12/01/37 | 10,120 | 14,708,510 | |
Tempe Indl. Dev. Auth. Rev., | |||||
Friendship Vlg. | 5.000 | 12/01/50 | 1,045 | 1,070,874 | |
Friendship Vlg., Ser. A, Rfdg. | 6.250 | 12/01/42 | 1,000 | 1,014,750 | |
40,569,660 |
1
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California 8.4% | |||||
ABAG Fin. Auth. for Nonprofit Corp. Rev., Episcopal Sr. Cmnty., Rfdg. | 6.125 % | 07/01/41 | 775 | $790,980 | |
California Cnty. Tob. Secur. Agcy. Rev., | |||||
Sr. Ser. A, Rfdg. | 4.000 | 06/01/49 | 1,000 | 1,174,460 | |
Sub., Ser. B-1, Rfdg. | 5.000 | 06/01/49 | 2,000 | 2,506,140 | |
Sub., Ser. B-2, CABS, Rfdg. | 3.507(t) | 06/01/55 | 3,000 | 579,270 | |
California Mun. Fin. Auth. Rev., | |||||
Chevron USA Recovery Zone BDS, Ser. A, FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 11/01/35 | 1,960 | 1,960,000 | |
ExxonMobil Corp. Proj., Rfdg., FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 12/01/29 | 5,080 | 5,080,000 | |
River Chrt. Schs., Ser. A, 144A | 5.500 | 06/01/48 | 750 | 806,183 | |
Ser. A, 144A(hh) | 5.000 | 12/01/54 | 500 | 547,600 | |
Sr. Lien, LINXS APM Proj., Ser. A, AMT | 5.000 | 12/31/43 | 2,000 | 2,400,000 | |
California Poll. Ctrl. Fing. Auth. Rev., Green Bond, Calplant I Proj., AMT, 144A | 8.000 | 07/01/39(d) | 2,750 | 1,771,998 | |
California St. Pub. Wks. Brd. Lease Rev., Judicial Council Proj., Ser. D | 5.000 | 12/01/31 | 1,000 | 1,039,890 | |
California St. Sch. Fin. Auth. Chrt. Sch. Rev., | |||||
Alliance Clg.-Ready Pub. Schs., Ser. A, 144A | 5.000 | 07/01/45 | 750 | 867,308 | |
Kipp LA Proj., Ser. A, 144A | 5.000 | 07/01/45 | 650 | 752,596 | |
Kipp LA Proj., Ser. A, 144A | 5.000 | 07/01/47 | 820 | 986,624 | |
California Statewide Cmntys. Dev. Auth. Rev., | |||||
899 Charleston Proj., Ser. A, Rfdg., 144A | 5.250 | 11/01/44 | 750 | 780,720 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/29 | 1,405 | 1,606,870 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/40 | 1,030 | 1,133,082 | |
Loma Linda Univ. Med. Ctr., Ser. A, 144A | 5.250 | 12/01/43 | 4,475 | 5,351,518 | |
Loma Linda Univ. Med. Ctr., Ser. A, 144A | 5.250 | 12/01/56 | 3,500 | 4,004,525 | |
Loma Linda Univ. Med. Ctr., Ser. A, 144A | 5.500 | 12/01/58 | 1,500 | 1,795,935 | |
Loma Linda Univ. Med. Ctr., Ser. A, Rfdg. | 5.250 | 12/01/44 | 2,500 | 2,787,675 | |
Golden St. Tob. Secur. Corp., Tob. Settlement Rev., | |||||
Asset Bkd., 1st Sub., Ser. B, CABS, Rfdg. | (87.000)(t) | 06/01/47 | 10,100 | 2,248,361 | |
Asset Bkd., Sr., Ser. A-2, CABS, Rfdg. | 5.300(cc) | 06/01/37 | 5,000 | 5,231,600 | |
Ser. A-1, Rfdg. | 5.000 | 06/01/47 | 5,235 | 5,445,238 | |
Ser. A-1, Rfdg. | 5.250 | 06/01/47 | 5,150 | 5,375,364 | |
Ser. A-2, Rfdg. | 5.000 | 06/01/47 | 1,500 | 1,560,240 | |
Inland Valley Dev. Agcy. Tax Alloc., Ser. A, Rfdg. | 5.000 | 09/01/44 | 1,000 | 1,121,040 | |
Irvine Unified Sch. Dist. Spl. Tax, Ser. A | 4.000 | 09/01/44 | 1,000 | 1,101,770 | |
Lincoln Pub. Fing. Auth. Spl. Assmt., Twelve Bridges, Sub., Ser. B, Rfdg. | 6.000 | 09/02/27 | 972 | 1,003,658 |
2
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Ser. A | 5.000 % | 11/15/35 | 3,800 | $5,403,790 | |
Ser. A | 5.500 | 11/15/37 | 685 | 1,040,940 | |
M-S-R Energy Auth. Calif. Rev., | |||||
Ser. A | 6.500 | 11/01/39 | 2,060 | 3,465,002 | |
Ser. A | 7.000 | 11/01/34 | 1,650 | 2,609,574 | |
Port of Oakland Rev., Ser. O, AMT, Rfdg. | 5.125 | 05/01/31 | 1,000 | 1,011,930 | |
Riverside Cnty. Pub. Fing. Auth. Rev., Capital Facs. Proj. | 5.250 | 11/01/45 | 1,000 | 1,196,960 | |
San Buenaventura Rev., | |||||
Cmnty. Mem. Hlth. Sys. | 7.500 | 12/01/41 | 1,000 | 1,051,400 | |
Cmnty. Mem. Hlth. Sys. | 8.000 | 12/01/26 | 500 | 531,840 | |
San Francisco City & Cnty. Arpt. Comm. Rev., | |||||
Second Ser. C, AMT, Rfdg. (Pre-refunded 05/01/21)(ee) | 5.000 | 05/01/25 | 5 | 5,059 | |
Second Ser. C, AMT, Unrefunded, Rfdg. | 5.000 | 05/01/25 | 995 | 1,006,671 | |
Santa Margarita Wtr. Dist. Spl. Tax Cmty. Facs., Vlg. of Sendero, Ser. 2013-1 | 5.625 | 09/01/36 | 645 | 707,223 | |
Southern California Tob. Secur. Auth. Rev., San Diego Co. Tob., CABS, Rfdg. | 3.548(t) | 06/01/54 | 3,000 | 564,780 | |
80,405,814 | |||||
Colorado 3.1% | |||||
City & Cnty. of Denver Arpt. Sys. Rev., Sub. Sys., Ser. A, AMT, Rfdg. | 4.000 | 12/01/48 | 2,000 | 2,240,420 | |
Colorado Edl. & Cultural Facs. Auth. Rev., | |||||
Impt., Chrt. Sch. Skyview Academy Proj., Rfdg., 144A | 5.375 | 07/01/44 | 1,350 | 1,410,615 | |
Impt., Chrt. Sch. Univ. LA, Rfdg. | 5.000 | 12/15/45 | 1,000 | 1,116,170 | |
Lighthouse Bldg. Corp., Rfdg. | 5.000 | 11/01/44 | 885 | 972,473 | |
Windsor Chrt. Sch., Rfdg. | 5.000 | 09/01/46 | 1,390 | 1,418,523 | |
Colorado Hlth. Facs. Auth. Rev., | |||||
Commonspirit Hlth., Ser. A, Rfdg. | 4.000 | 08/01/49 | 5,000 | 5,643,100 | |
Covenant Living Cmntys., Ser. A, Rfdg. | 4.000 | 12/01/50 | 2,000 | 2,188,720 | |
Covenant Retirement Cmntys., Rfdg. | 5.000 | 12/01/35 | 1,250 | 1,417,062 | |
Vail Valley Med. Ctr. Proj. | 4.000 | 01/15/45 | 2,500 | 2,720,650 | |
Park Creek Met. Dist. Ltd. Ppty. Tax Alloc. Rev., Sr. Lmt. Prop. TA., Rfdg. | 5.000 | 12/01/45 | 1,500 | 1,728,555 | |
Plaza Co. Met. Dist. 1 Tax Alloc., Rfdg., 144A | 5.000 | 12/01/40 | 1,000 | 1,018,810 |
3
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Colorado (cont’d.) | |||||
Pub. Auth. Energy Nat. Gas Pur. Rev., Nat. Gas Util. Imps. | 6.500 % | 11/15/38 | 4,045 | $6,460,432 | |
Sterling Ranch Cmnty. Auth. Brd. Rev., Ser. A, Rfdg. | 4.250 | 12/01/50 | 1,000 | 1,097,030 | |
29,432,560 | |||||
Connecticut 0.2% | |||||
Harbor Point Infrastructure Impt. Dist. Spl. Assmt., Harbor Point Proj., Rfdg., 144A | 5.000 | 04/01/39 | 2,000 | 2,226,540 | |
Delaware 0.2% | |||||
Delaware St. Econ. Dev. Auth. Rev., Newark Chrt. Sch., Inc., Ser. A, Rfdg. | 5.000 | 09/01/46 | 500 | 561,335 | |
Delaware St. Hlth. Facs. Auth. Rev., Nanticoke Mem. Hosp., Rfdg. (Pre-refunded 07/01/23)(ee) | 5.000 | 07/01/32 | 1,375 | 1,536,232 | |
2,097,567 | |||||
District of Columbia 1.9% | |||||
Dist. of Columbia, Rev., | |||||
Dist. of Columbia Intl., Oblig. Grp. | 5.000 | 07/01/54 | 1,000 | 1,158,650 | |
Friendship Pub. Chrt. Sch. | 5.000 | 06/01/42 | 3,500 | 3,707,550 | |
Gallaudet Univ. | 5.500 | 04/01/34 | 400 | 403,332 | |
Kipp Chrt. Sch., Rfdg. (Pre-refunded 07/01/23)(ee) | 6.000 | 07/01/43 | 850 | 969,875 | |
Kipp Chrt. Sch., Rfdg. (Pre-refunded 07/01/23)(ee) | 6.000 | 07/01/48 | 725 | 827,247 | |
Kipp DC Iss., Ser. A, Rfdg. | 5.000 | 07/01/37 | 1,250 | 1,465,113 | |
Kipp DC Proj. | 4.000 | 07/01/49 | 1,000 | 1,095,990 | |
Rfdg. | 5.000 | 06/01/55 | 1,500 | 1,719,315 | |
Rocketship DC, Oblig. Grp., Ser. A, 144A | 5.000 | 06/01/49 | 2,000 | 2,159,820 | |
Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., | |||||
Dulles Toll Rd., Ser. A, Rfdg. | 5.000 | 10/01/53 | 2,500 | 2,595,200 | |
Dulles Toll Rd., Sub., Ser. B, Rfdg. | 4.000 | 10/01/49 | 2,000 | 2,273,280 | |
18,375,372 | |||||
Florida 9.2% | |||||
Broward Cnty. Port Facs. Rev., Sr. Bond, Ser. B, AMT | 4.000 | 09/01/49 | 2,000 | 2,293,880 | |
Broward Cnty. Sys. Arpt. Rev., | |||||
Ser. A, AMT | 4.000 | 10/01/49 | 1,500 | 1,712,385 | |
Ser. A, AMT, (Pre-refunded 10/01/23)(ee) | 5.250 | 10/01/43 | 1,500 | 1,695,480 |
4
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Capital Tr. Agcy. Rev., | |||||
Air Cargo, Aero Miami FX LLC, Sr. Lien, Ser. A, Rfdg. | 5.350 % | 07/01/29 | 1,660 | $1,665,511 | |
Wonderful Fndtn. Chrt. Sch. Port., Ser. A-1, 144A | 5.000 | 01/01/55 | 3,000 | 3,118,560 | |
Citizens Ppty. Ins. Corp. Rev., Sr. Sec’d., Ser. A-1 | 5.000 | 06/01/22 | 1,000 | 1,061,340 | |
Cityplace CDD Spl. Assmt., Rfdg. | 5.000 | 05/01/26 | 1,000 | 1,140,850 | |
Davie Edl. Facs. Rev., | |||||
Nova Southeastern Univ. Proj., Ser. A, (Pre-refunded 04/01/23)(ee) | 5.625 | 04/01/43 | 500 | 559,460 | |
Nova Southeastern Univ. Proj., Ser. A, (Pre-refunded 04/01/23)(ee) | 6.000 | 04/01/42 | 1,000 | 1,127,030 | |
Florida Dev. Fin. Corp. Rev., | |||||
Bay Area Chrt. Fndtn., Ser. A (Pre-refunded 12/15/21)(ee) | 7.750 | 06/15/42 | 2,000 | 2,133,160 | |
Green Bond Brightline Passenger Rail, Ser. B, Rmkt., AMT, 144A | 7.375 | 01/01/49 | 2,000 | 1,939,400 | |
Mater Academy Proj., Ser. A | 5.000 | 06/15/55 | 1,000 | 1,130,780 | |
Renaissance Chrt. Sch., Rfdg., 144A | 5.000 | 09/15/50 | 2,000 | 2,149,820 | |
River City Science Academy Proj., Ser. A(hh) | 4.000 | 07/01/55 | 500 | 536,970 | |
Virgin Trains USA Pass, Ser. A, AMT, Rfdg. (Mandatory put date 01/01/29), 144A | 6.500(cc) | 01/01/49 | 4,210 | 4,045,936 | |
Florida Higher Edl. Facs. Finl. Auth. Rev., Ringling Clg. Proj. | 5.000 | 03/01/42 | 4,510 | 5,025,358 | |
Greater Orlando Aviation Auth. Rev., | |||||
Priority Sub. Ser. A, AMT | 4.000 | 10/01/52 | 3,350 | 3,709,723 | |
Priority Sub. Ser. A, AMT | 5.000 | 10/01/52 | 2,000 | 2,354,180 | |
Spl. Purp. - JetBlue Airways Corp. Proj., Rfdg. | 5.000 | 11/15/36 | 4,700 | 4,969,827 | |
Hillsborough Cnty. Indl. Dev. Auth. Rev., Tampa Gen. Hosp. Proj., Ser. A | 4.000 | 08/01/50 | 2,500 | 2,882,950 | |
Indigo Cmnty. Dev. Dist., Spl. Assmt.^ | 5.750 | 05/01/36(d) | 820 | 483,800 | |
Jacksonville, Rev., Brooks Rehabitation Proj., Rfdg. | 4.000 | 11/01/45 | 1,000 | 1,159,530 | |
Lakewood Ranch Stewardship Dist. Spl. Assmt., | |||||
Lakewood Centre North Proj. | 4.875 | 05/01/45 | 1,000 | 1,059,290 | |
Lakewood Nat’l. & Polo Run Projs. | 4.625 | 05/01/27 | 500 | 544,730 | |
Lakewood Nat’l. & Polo Run Projs. | 5.375 | 05/01/47 | 1,000 | 1,110,990 | |
N E Sector Proj., Phase 1B | 5.450 | 05/01/48 | 1,000 | 1,145,990 | |
N E Sector Proj., Phase 2B, Rfdg., 144A | 4.000 | 05/01/50 | 750 | 782,932 | |
Stewardship Dist., Azario Proj. | 4.000 | 05/01/50 | 1,000 | 1,043,910 | |
Vlg. Lakewood Ranch S. Proj. | 4.250 | 05/01/26 | 250 | 261,042 |
5
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Lakewood Ranch Stewardship Dist. Spl. Assmt., (cont’d.) | |||||
Vlg. Lakewood Ranch S. Proj. | 5.125 % | 05/01/46 | 1,300 | $1,380,522 | |
Midtown Miami Cmnty. Dev. Dist. Spl. Assmt., Pkg. Garage Proj., Ser. A, Rfdg. | 5.000 | 05/01/37 | 1,980 | 2,053,894 | |
North Sumter Cnty. Util. Dependent Dist. Rev., Solid Wste. | 5.000 | 10/01/42 | 2,000 | 2,150,680 | |
Orange Cnty. Hlth. Facs. Auth. Rev., Orlando Hlth. Oblig. Grp., Ser. A | 4.000 | 10/01/49 | 3,450 | 3,947,352 | |
Osceola Cnty. Transn. Rev., | |||||
Ser. A-1, Rfdg. | 4.000 | 10/01/54 | 1,500 | 1,690,080 | |
Ser. A-2, CABS, Rfdg. | 2.907(t) | 10/01/54 | 1,000 | 314,420 | |
Palm Beach Cnty. Hlth. Facs. Auth. Rev., | |||||
BRRH Corp. Oblig. Grp., Rfdg. (Pre-refunded 12/01/24)(ee) | 5.000 | 12/01/31 | 500 | 591,715 | |
Sinai Residences Boca Raton Proj., Ser. A, Rfdg. | 7.500 | 06/01/49 | 1,000 | 1,080,670 | |
Sarasota Cnty. Pub. Hosp. Dist. Rev., Sarasota Mem. Hosp. | 4.000 | 07/01/48 | 5,000 | 5,726,900 | |
South Miami Hlth. Facs. Auth. Rev., Baptist Hlth. South Florida, Rfdg. | 5.000 | 08/15/47 | 1,000 | 1,221,840 | |
Tallahassee Hlth. Facs. Mem. Rev., Ser. A | 5.000 | 12/01/55 | 1,430 | 1,627,454 | |
Village CDD No. 7, Fla. Spl. Assmt., Rfdg. | 4.000 | 05/01/36 | 1,830 | 1,915,497 | |
Village CDD No. 9, | |||||
Fla. Spl. Assmt. | 7.000 | 05/01/41 | 690 | 696,293 | |
Fla. Spl. Assmt., Rfdg. | 5.500 | 05/01/42 | 1,960 | 2,013,234 | |
Village CDD No.10, | |||||
Fla. Spl. Assmt. | 5.125 | 05/01/43 | 1,060 | 1,106,068 | |
Fla. Spl. Assmt. | 6.000 | 05/01/44 | 800 | 860,576 | |
Village CDD No.11, Fla. Spl. Assmt. | 4.500 | 05/01/45 | 1,340 | 1,399,898 | |
Village CDD No.12, Fla. Spl. Assmt., 144A | 4.250 | 05/01/43 | 2,810 | 3,105,893 | |
Village CDD No.13, | |||||
Fla. Spl. Assmt. | 3.550 | 05/01/39 | 500 | 534,200 | |
Fla. Spl. Assmt. | 3.700 | 05/01/50 | 1,000 | 1,055,440 | |
Fla. Spl. Assmt., 144A | 3.500 | 05/01/51 | 1,210 | 1,249,906 | |
88,567,346 |
6
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Georgia 0.7% | |||||
Burke Cnty. Dev. Auth. Rev., Oglethorpe Pwr. Corp.-Vogtle Proj., Ser. D, Rfdg. | 4.125 % | 11/01/45 | 2,000 | $2,226,420 | |
Clayton Cnty. Dev. Auth. Spl. Facs. Rev., Delta Air Lines, Ser. A, Rfdg. | 8.750 | 06/01/29 | 1,867 | 1,876,856 | |
Priv. Clgs. & Univs. Auth. Rev., Savannah Clg. Art & Design Proj. | 5.000 | 04/01/44 | 1,500 | 1,666,755 | |
Rockdale Cnty. Dev. Auth. Rev., Pratt Paper LLC Proj., AMT, Rfdg., 144A | 4.000 | 01/01/38 | 1,000 | 1,079,580 | |
6,849,611 | |||||
Guam 0.1% | |||||
Guam Govt. Wtrwks. Auth. Rev., Ser. A | 5.000 | 01/01/50 | 1,000 | 1,209,300 | |
Hawaii 0.3% | |||||
Hawaii St. Dept. Budget & Fin. Rev., Spl. Purp., Hawaii Pacific Hlth. Oblig., Ser. A, Rfdg. | 5.500 | 07/01/43 | 2,500 | 2,821,375 | |
Illinois 14.1% | |||||
Chicago Brd. of Edu., | |||||
GO, Ser. A(hh) | 5.000 | 12/01/41 | 1,000 | 1,245,740 | |
GO, Ser. A | 5.500 | 12/01/39 | 635 | 653,898 | |
GO, Ser. A, 144A | 7.000 | 12/01/46 | 1,500 | 1,951,110 | |
GO, Ser. A, Rfdg. | 4.000 | 12/01/27 | 500 | 588,080 | |
GO, Ser. A, Rfdg. | 5.000 | 12/01/35 | 500 | 606,635 | |
GO, Ser. A, Rfdg. | 7.000 | 12/01/44 | 3,390 | 4,133,664 | |
GO, Ser. C | 5.250 | 12/01/35 | 1,015 | 1,135,288 | |
GO, Ser. D | 5.000 | 12/01/46 | 2,470 | 2,933,940 | |
GO, Ser. G, Rfdg. | 5.000 | 12/01/34 | 2,155 | 2,574,794 | |
GO, Ser. H | 5.000 | 12/01/46 | 2,390 | 2,786,047 | |
Chicago Brd. of Edu., Rev., Spl. Tax | 6.000 | 04/01/46 | 1,500 | 1,793,310 | |
Chicago O’Hare Int’l. Arpt. Rev., | |||||
Gen., Sr. Lien, Ser. B, AGM, Rfdg. | 4.000 | 01/01/53 | 3,005 | 3,468,521 | |
Gen., Sr. Lien, Ser. C, AMT, Rfdg. | 5.375 | 01/01/39 | 1,500 | 1,630,875 | |
Ser. C, AMT, Rfdg. | 4.375 | 01/01/40 | 2,000 | 2,226,260 | |
Trips Oblig. Grp., AMT | 5.000 | 07/01/48 | 1,000 | 1,156,040 | |
Chicago Transit Auth. Rev., | |||||
Second Lien | 5.000 | 12/01/46 | 5,000 | 5,829,500 | |
Ser. A, Rfdg. | 4.000 | 12/01/50 | 1,000 | 1,145,760 | |
7
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Chicago Wstwtr. Transmn. Rev., Second Lien, Ser. C, Rmkt., Rfdg. | 5.000 % | 01/01/39 | 3,355 | $3,846,575 | |
Chicago, IL, | |||||
GO, Ser. 2003 B, Rmkt., Rfdg. | 5.000 | 01/01/23 | 750 | 800,273 | |
GO, Ser. 2005 D, Rmkt., Rfdg. | 5.500 | 01/01/37 | 6,520 | 7,389,116 | |
GO, Ser. 2007 E, Rmkt., Rfdg. | 5.500 | 01/01/35 | 3,000 | 3,408,480 | |
GO, Ser. A | 5.500 | 01/01/39 | 1,865 | 2,090,516 | |
GO, Ser. A, Rfdg. | 5.000 | 01/01/27 | 1,525 | 1,789,237 | |
GO, Ser. A, Rfdg. | 5.000 | 01/01/31 | 1,500 | 1,846,635 | |
GO, Ser. A, Rfdg. | 5.000 | 01/01/34 | 3,650 | 3,976,711 | |
GO, Ser. A, Rfdg. | 5.500 | 01/01/49 | 3,000 | 3,573,060 | |
GO, Ser. A, Rfdg. | 6.000 | 01/01/38 | 2,500 | 3,019,200 | |
GO, Ser. C, Rfdg. | 5.000 | 01/01/26 | 1,000 | 1,147,650 | |
GO, Ser. C, Rfdg. | 5.000 | 01/01/38 | 2,500 | 2,820,100 | |
Illinois Edl. Facs. Auth. Rev., Field Museum of Natural History, Rmkt. | 4.450 | 11/01/36 | 1,075 | 1,238,636 | |
Illinois Fin. Auth. Rev., | |||||
Impt., Chicago Intl., Rfdg. | 5.000 | 12/01/47 | 1,000 | 1,127,370 | |
Navistar Intl. Corp. Proj., Rfdg. (Mandatory put date 08/01/30), 144A | 4.750(cc) | 10/15/40 | 1,500 | 1,617,255 | |
Northshore Univ. Hlth. Sys., Ser. A, Rfdg. | 4.000 | 08/15/41 | 1,000 | 1,210,670 | |
Presence Hlth. Netw., Ser. C, Rfdg. (Pre-refunded 02/15/27)(ee) | 4.000 | 02/15/41 | 10 | 12,159 | |
Presence Hlth. Netw., Ser. C, Rfdg. (Pre-refunded 02/15/27)(ee) | 4.000 | 02/15/41 | 265 | 322,219 | |
Presence Hlth. Netw., Ser. C, Unrefunded, Rfdg. | 4.000 | 02/15/41 | 5,725 | 6,462,666 | |
Illinois St., | |||||
GO | 4.000 | 06/01/36 | 3,000 | 3,254,790 | |
GO | 5.000 | 04/01/31 | 2,000 | 2,231,780 | |
GO | 5.000 | 01/01/32 | 1,335 | 1,538,721 | |
GO | 5.000 | 05/01/33 | 950 | 1,060,836 | |
GO | 5.000 | 03/01/36 | 1,800 | 1,876,680 | |
GO | 5.000 | 05/01/36 | 2,000 | 2,227,840 | |
GO | 5.000 | 02/01/39 | 2,215 | 2,443,123 | |
GO | 5.000 | 05/01/39 | 2,000 | 2,207,380 | |
GO | 5.250 | 07/01/31 | 1,000 | 1,097,830 | |
GO | 5.500 | 05/01/30 | 1,500 | 1,933,845 | |
GO | 5.500 | 05/01/39 | 2,500 | 3,160,500 | |
GO, Rebuild Illinois Prog., Ser. B | 4.000 | 11/01/35 | 2,000 | 2,258,260 | |
GO, Rfdg. | 5.000 | 08/01/25 | 1,000 | 1,065,560 | |
GO, Ser. A | 5.000 | 01/01/33 | 2,000 | 2,075,860 | |
GO, Ser. A | 5.000 | 01/01/34 | 1,600 | 1,659,824 |
8
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Illinois St., (cont’d.) | |||||
GO, Ser. A | 5.000 % | 12/01/39 | 2,500 | $2,921,825 | |
GO, Ser. A, Rfdg. | 5.000 | 10/01/28 | 1,250 | 1,545,963 | |
GO, Ser. C | 5.000 | 11/01/29 | 2,800 | 3,310,188 | |
GO, Ser. D | 5.000 | 11/01/26 | 1,500 | 1,769,025 | |
GO, Ser. D | 5.000 | 11/01/27 | 950 | 1,137,634 | |
Regl. Transn. Auth. Rev., | |||||
Ser. A | 4.000 | 06/01/38 | 4,015 | 4,517,317 | |
Ser. A | 4.000 | 06/01/39 | 3,015 | 3,382,679 | |
Sales Tax Securitization Corp. Rev., Second Lien, Ser. A, Rfdg. | 4.000 | 01/01/38 | 1,000 | 1,163,130 | |
Springfield Elec. Rev., Sr. Lien, Rfdg., AGM | 4.000 | 03/01/40 | 1,500 | 1,652,610 | |
135,051,190 | |||||
Indiana 0.4% | |||||
Valparaiso Rev., | |||||
Pratt Paper LLC Proj., AMT | 5.875 | 01/01/24 | 600 | 633,222 | |
Pratt Paper LLC Proj., AMT | 7.000 | 01/01/44 | 1,500 | 1,638,030 | |
Vigo Cnty. Hosp. Auth. Rev., Union Hosp., Inc., Rfdg. (Pre-refunded 09/01/21)(ee) | 7.750 | 09/01/31 | 1,500 | 1,566,630 | |
3,837,882 | |||||
Iowa 0.1% | |||||
Iowa St. Fin. Auth. Rev., | |||||
Lifespace Cmntys., Inc. | 2.875 | 05/15/49 | 750 | 751,417 | |
Midwstrn. Disaster Area, Iowa Fertilizer Co. Proj., Rfdg. | 3.125 | 12/01/22 | 335 | 345,439 | |
1,096,856 | |||||
Kansas 0.1% | |||||
Wyandotte Cnty.-Kansas City Unified Govt. Rev., Legends Apts. Garage & West Lawn Proj. | 4.500 | 06/01/40 | 900 | 922,158 | |
Kentucky 0.4% | |||||
Kentucky Econ. Dev. Fin. Auth. Hosp. Facs. Rev., Baptist Healthcare Sys., Ser. B | 5.000 | 08/15/46 | 3,500 | 4,220,790 |
9
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Louisiana 0.6% | |||||
Jefferson Parish Econ. Dev. & Port Dist. Rev., Kenner Discovery Hlth. Sciences Academy Proj., Ser. A, 144A | 5.625 % | 06/15/48 | 2,000 | $2,198,860 | |
Louisiana Pub. Facs. Auth. Rev., Ochsner Clinic Fndtn. Proj., Rfdg. | 5.000 | 05/15/47 | 1,000 | 1,157,180 | |
New Orleans Sewerage Serv. Rev., Rfdg. | 5.000 | 06/01/44 | 1,000 | 1,125,320 | |
Parish of St. James, Rev., Nustar Logistics LP Proj., Ser. 2010, Rmkt., 144A | 6.350 | 07/01/40 | 1,000 | 1,256,490 | |
5,737,850 | |||||
Maine 0.2% | |||||
Maine St. Hlth. & Higher Edl. Facs. Auth. Rev., Maine Gen. Med. Ctr. (Pre-refunded 07/01/21)(ee) | 7.500 | 07/01/32 | 2,000 | 2,065,620 | |
Maryland 0.4% | |||||
Frederick Cnty. Spl. Oblig. Tax, Sub. Ser. C | 4.000 | 07/01/50 | 1,000 | 1,103,230 | |
Howard Cnty. Tax Alloc., Annapolis Junction Twn. Ctr. Proj. | 6.100 | 02/15/44 | 1,420 | 1,425,495 | |
Maryland Econ. Dev. Corp., Poll. Ctrl. Rev., Transn. Facs. Proj., Ser. A, Rfdg. | 5.000 | 06/01/35 | 1,000 | 1,144,070 | |
3,672,795 | |||||
Michigan 0.8% | |||||
Michigan Fin. Auth. Rev., | |||||
Great Lakes Wtr. Auth., Sr. Lien, Ser. C-1, (Pre-refunded 07/01/22)(ee) | 5.000 | 07/01/44 | 1,000 | 1,068,890 | |
Sr. Ser. A, Class 1, Rfdg. | 4.000 | 06/01/49 | 2,000 | 2,314,160 | |
Sr. Ser. B-1, Class 2, Rfdg. | 5.000 | 06/01/49 | 500 | 616,445 | |
Sr. Ser. B-2, Class 2, CABS, Rfdg. | 3.648(t) | 06/01/65 | 2,000 | 257,620 | |
Michigan St. Bldg. Auth. Rev., Facs. Prog., Ser. I-A, Rfdg. (Pre-refunded 10/15/21)(ee) | 5.375 | 10/15/41 | 750 | 777,743 | |
Summit Academy Rev., Rfdg. | 6.250 | 11/01/25 | 1,185 | 1,187,737 | |
Wayne Cnty. Arpt. Auth. Rev., Detroit Met. Arpt., Ser. D, AMT, Rfdg. | 5.000 | 12/01/28 | 1,500 | 1,621,785 | |
7,844,380 |
10
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Minnesota 0.9% | |||||
Hugo Rev., Chrt. Sch. Lease, Noble Academy Proj., Ser. A | 5.000 % | 07/01/44 | 1,250 | $1,279,938 | |
Rochester Rev., Mayo Clinic | 4.000 | 11/15/48 | 3,000 | 3,468,240 | |
St. Cloud Rev., Centracare Hlth., Ser. A, Rfdg. | 4.000 | 05/01/37 | 1,250 | 1,393,475 | |
St. Paul Hsg. & Redev. Auth. Hosp. Rev., Hlth. East Care Sys. Proj., Rfdg. (Pre-refunded 11/15/25)(ee) | 5.000 | 11/15/44 | 1,000 | 1,222,450 | |
St. Paul Port Auth. Sol. Wste. Disp. Rev., Gerdau St. Paul Steel Mill Proj., Ser. 7, 144A | 4.500 | 10/01/37 | 1,000 | 1,024,940 | |
8,389,043 | |||||
Missouri 2.3% | |||||
Kansas City Indl. Dev. Auth. Rev. , Kansas City Intl. Arpt., Ser. A, AMT | 4.000 | 03/01/45 | 2,500 | 2,835,800 | |
Lees Summit, Tax Alloc., Impt., Summit Fair Proj., Rfdg., 144A | 4.875 | 11/01/37 | 2,000 | 1,891,400 | |
Missouri St. Hlth. & Edl. Facs. Auth. Rev., | |||||
BJC Hlth. Sys., Ser. A | 4.000 | 01/01/45 | 2,010 | 2,222,035 | |
Lutheran Sr. Svcs. | 6.000 | 02/01/41 | 1,000 | 1,003,770 | |
Lutheran Sr. Svcs., Rfdg. | 4.000 | 02/01/42 | 1,115 | 1,192,437 | |
Lutheran Sr. Svcs., Rfdg. | 4.000 | 02/01/48 | 2,000 | 2,124,040 | |
Lutheran Sr. Svcs., Rfdg. | 5.000 | 02/01/44 | 4,000 | 4,258,720 | |
Poplar Bluff Regl. Transn. Dev. Dist. Rev., Transn. Sales Tax | 4.750 | 12/01/42 | 2,100 | 2,168,439 | |
St. Louis Cnty. Indl. Dev. Auth. Rev., | |||||
Friendship Vlg. St. Louis Oblig. Grp., Ser. A | 5.250 | 09/01/53 | 2,000 | 2,232,160 | |
Friendship Vlg. Sunset Hills, Ser. A | 5.875 | 09/01/43 | 1,000 | 1,079,350 | |
St. Andrews Res. Srs. Oblig., Ser. A, Rfdg. | 5.125 | 12/01/45 | 1,000 | 1,020,320 | |
22,028,471 | |||||
Nevada 0.3% | |||||
Clark Cnty. Impt. Dist. Spl. Assmt., Dist. No. 142, Mountains Edge Loc. Impvt., Rfdg. | 4.000 | 08/01/23 | 1,065 | 1,117,387 | |
Sparks Rev., Sales Tax, Sr. Ser. A, Rfdg., 144A | 2.750 | 06/15/28 | 1,000 | 989,990 | |
Tahoe-Douglas Visitors Auth. Rev., | 5.000 | 07/01/45 | 1,000 | 1,158,570 | |
3,265,947 |
11
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Hampshire 0.2% | |||||
New Hampshire Bus. Fin. Auth. Rev., | |||||
Green Bond, Ser. B, AMT, Rfdg. (Mandatory put date 07/02/40), 144A | 3.750 %(cc) | 07/01/45 | 1,000 | $1,035,410 | |
Springpoint Sr. Living, Rfdg.(hh) | 4.000 | 01/01/51 | 1,000 | 1,097,220 | |
2,132,630 | |||||
New Jersey 8.6% | |||||
New Jersey Econ. Dev. Auth. Rev., | |||||
Continental Airlines, Inc., Proj., Spec. Facs. | 5.250 | 09/15/29 | 5,000 | 5,306,400 | |
Continental Airlines, Inc., United Airlines, Inc. Proj. | 5.125 | 09/15/23 | 3,860 | 4,084,536 | |
Continental Airlines, Inc., United Airlines, Inc. Proj., Ser. A, AMT | 5.625 | 11/15/30 | 2,275 | 2,536,693 | |
Goethals Bridge, AMT | 5.375 | 01/01/43 | 1,390 | 1,519,062 | |
N. Star Academy Chrt. Sch. Newark | 5.000 | 07/15/47 | 1,000 | 1,126,680 | |
NJ Transit Trans. Proj. | 4.000 | 11/01/44 | 1,000 | 1,130,430 | |
NJ Transit Trans. Proj. | 5.000 | 11/01/44 | 2,000 | 2,457,280 | |
Port Newark Container, AMT, Rfdg. | 5.000 | 10/01/47 | 2,500 | 2,887,775 | |
Sch. Facs. Construction | 4.000 | 06/15/49 | 3,000 | 3,393,570 | |
Ser. AAA | 5.000 | 06/15/41 | 2,020 | 2,380,732 | |
Ser. BBB, Rfdg. | 5.500 | 06/15/30 | 1,500 | 1,870,590 | |
Ser. DDD | 5.000 | 06/15/42 | 1,000 | 1,184,880 | |
Ser. WW, (Pre-refunded 06/15/25)(ee) | 5.250 | 06/15/40 | 65 | 79,071 | |
Ser. WW, Unrefunded | 5.250 | 06/15/40 | 1,185 | 1,367,158 | |
St. Gov’t. Bldgs. Proj., Ser. C | 5.000 | 06/15/47 | 2,000 | 2,357,320 | |
St. House Proj., Ser. B, Rmkt. | 5.000 | 06/15/43 | 1,000 | 1,210,750 | |
Team Academy Chrt. Sch. Proj. | 6.000 | 10/01/43 | 1,700 | 1,885,895 | |
Umm Energy Partners, Ser. A, AMT | 5.000 | 06/15/37 | 1,500 | 1,572,060 | |
Umm Energy Partners, Ser. A, AMT | 5.125 | 06/15/43 | 1,100 | 1,152,107 | |
United Airlines, Inc. Proj., Rmkt. | 5.500 | 06/01/33 | 2,000 | 2,162,460 | |
New Jersey Healthcare Facs. Fing. Auth. Rev., RWJ Barnabas Healthcare Sys. Oblig., Ser. A, Rfdg. | 5.000 | 07/01/43 | 1,500 | 1,806,735 | |
New Jersey St. Transn. Tr. Fd. Sys. Auth. Rev., | |||||
Ser. AA | 4.000 | 06/15/50 | 5,000 | 5,728,600 | |
Trans. Sys., Rfdg. | 4.000 | 12/15/39 | 500 | 576,530 | |
Trans. Sys., Rfdg. | 5.000 | 12/15/39 | 500 | 622,465 | |
Trans. Sys., Ser. A, Rfdg. | 5.000 | 12/15/36 | 1,250 | 1,540,225 | |
Trans. Sys., Ser. AA | 5.000 | 06/15/45 | 1,200 | 1,364,472 | |
Trans. Sys., Ser. AA | 5.000 | 06/15/46 | 1,940 | 2,334,402 | |
Trans. Sys., Ser. AA | 5.250 | 06/15/41 | 1,000 | 1,156,710 | |
Trans. Sys., Ser. AA | 5.250 | 06/15/43 | 4,595 | 5,699,959 | |
New Jersey Tpk. Auth. Rev., | |||||
Ser. A | 4.000 | 01/01/48 | 1,000 | 1,153,380 |
12
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey (cont’d.) | |||||
New Jersey Tpk. Auth. Rev., (cont’d.) | |||||
Ser. D, Rfdg.(hh) | 5.000 % | 01/01/28 | 2,150 | $2,658,497 | |
South Jersey Transn. Auth. LLC, Rev., | |||||
Ser. A | 5.000 | 11/01/45 | 500 | 637,880 | |
Ser. A, Rfdg. | 5.000 | 11/01/39 | 750 | 846,090 | |
Tob. Settlement Fing. Corp. Rev., | |||||
Ser. A, Rfdg. | 5.250 | 06/01/46 | 5,350 | 6,549,845 | |
Sub. Ser. B, Rfdg. | 5.000 | 06/01/46 | 7,000 | 8,332,730 | |
82,673,969 | |||||
New York 6.4% | |||||
Brookhaven Loc. Dev. Corp. Rev., Jefferson’s Ferry Proj., Ser. A | 4.000 | 11/01/45 | 500 | 518,925 | |
Build NYC Resource Corp. Rev., | |||||
Friends of Hellenic Classical Chrt. Sch., Inc., Ser. A, 144A(hh) | 5.000 | 12/01/51 | 500 | 552,015 | |
Pratt Paper, Inc. Proj., AMT, Rfdg., 144A | 5.000 | 01/01/35 | 1,000 | 1,102,270 | |
Erie Cnty. Tob. Asset Secur. Corp. Cap. Apprec. Rev., | |||||
Asset Bkd., 1st Sub., Ser. B, CABS, Rfdg. | 6.706(t) | 06/01/47 | 5,000 | 879,950 | |
Asset Bkd., 2nd Sub., Ser. C, CABS, Rfdg., 144A | 7.125(t) | 06/01/50 | 4,000 | 512,920 | |
Glen Cove Loc. Econ. Asst. Corp. Rev., | |||||
Garvies Pt. Impt. Proj., Ser. A | 5.000 | 01/01/56 | 2,105 | 2,280,767 | |
Garvies Pt. Impt. Proj., Ser. C, CABS (Convert to Fixed on 01/01/24) | 0.000(cc) | 01/01/55 | 1,000 | 1,039,450 | |
Metropolitan Transn. Auth. Rev., | |||||
Green Bond, Ser. C-1, Rfdg. | 5.000 | 11/15/50 | 3,000 | 3,687,870 | |
Green Bond, Ser. C-1, Rfdg. | 5.250 | 11/15/55 | 3,000 | 3,746,760 | |
Green Bond, Ser. D1 | 5.000 | 11/15/43 | 2,000 | 2,500,820 | |
New York City Indl. Dev. Agcy. Rev., Yankee Stadium Proj. Pilot, Rfdg. | 4.000 | 03/01/45 | 1,000 | 1,162,550 | |
New York Liberty Dev. Corp. Rev., | |||||
4 World Trade Center Proj., Rfdg. | 5.750 | 11/15/51 | 1,750 | 1,820,753 | |
Class 1-3 World Trade Ctr., Rfdg., 144A | 5.000 | 11/15/44 | 5,000 | 5,426,000 | |
New York State Envir. Facs. Corp. Rev., Draw Down Casella Wste. Sys. Inc. Proj., Ser. R-1, AMT, (Mandatory put date 09/02/25) | 2.750(cc) | 09/01/50 | 550 | 569,091 | |
New York Trans. Dev. Corp. Rev., | |||||
Delta Air Lines, Inc.-Laguardia Arpt. Terms. C&D Redev., AMT | 4.000 | 01/01/36 | 1,475 | 1,629,167 | |
Delta Air Lines, Inc.-Laguardia Arpt. Terms. C&D Redev., AMT | 4.375 | 10/01/45 | 2,000 | 2,330,300 |
13
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York (cont’d.) | |||||
New York Trans. Dev. Corp. Rev., (cont’d.) | |||||
Delta Air Lines, Inc.-Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 % | 01/01/26 | 2,000 | $2,361,500 | |
Delta Air Lines, Inc.-Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | 01/01/31 | 1,000 | 1,201,310 | |
Delta Air Lines, Inc.-Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | 10/01/40 | 2,500 | 3,085,150 | |
John F. Kennedy Int’l. Arpt. Proj., AMT, Rfdg. | 5.250 | 08/01/31 | 1,000 | 1,159,250 | |
John F. Kennedy Int’l. Arpt. Proj., AMT, Rfdg. | 5.375 | 08/01/36 | 1,000 | 1,163,050 | |
Laguardia Arpt., Term. B Redev., Ser. A, AMT | 5.000 | 07/01/46 | 2,995 | 3,360,719 | |
Laguardia Arpt., Term. B Redev., Ser. A, AMT | 5.250 | 01/01/50 | 9,480 | 10,762,833 | |
Port Auth. of NY & NJ Rev., Ser. 223, Rfdg., AMT(hh) | 4.000 | 07/15/61 | 1,500 | 1,729,755 | |
TSASC, Inc., Rev., Ser. A, Rfdg. | 5.000 | 06/01/41 | 4,875 | 5,715,158 | |
Yonkers Econ. Dev. Corp. Rev., Chrt. Sch. Edu. Excellence Proj., Ser. A | 5.000 | 10/15/49 | 1,000 | 1,109,360 | |
61,407,693 | |||||
North Carolina 0.5% | |||||
North Carolina Med. Care Commn. Rev., | |||||
Pennybyrn at Maryfield Proj., Rfdg. | 5.000 | 10/01/35 | 1,000 | 1,066,890 | |
Pennybyrn at Maryfield Proj., Ser. A | 5.000 | 10/01/50 | 750 | 826,012 | |
The Presbyterian Homes Oblig. Grp., Ser. A | 5.000 | 10/01/50 | 1,000 | 1,187,490 | |
North Carolina Tpk. Auth. Rev., Ser. A, Rfdg. | 5.000 | 07/01/51 | 1,250 | 1,419,525 | |
4,499,917 | |||||
Ohio 4.2% | |||||
Akron Bath Copley Joint Township Hosp. Dist. Rev., Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 3.000 | 11/15/40 | 3,000 | 3,087,240 | |
Buckeye Tob. Settlement Fing. Auth. Rev., Sr. Ser. B-2, Class 2, Rfdg. | 5.000 | 06/01/55 | 12,850 | 14,978,346 | |
Cuyahoga Cnty. Hosp. Rev., | |||||
Metro Hlth. Sys., Rfdg. | 5.000 | 02/15/52 | 575 | 649,192 | |
Metro Hlth. Sys., Rfdg. | 5.250 | 02/15/47 | 2,000 | 2,298,180 | |
Metro Hlth. Sys., Rfdg. | 5.500 | 02/15/57 | 6,540 | 7,572,077 | |
Franklin Cnty. Hosp. Facs. Rev., | |||||
Hlth. Corp., Ser. A | 4.000 | 05/15/47 | 2,500 | 2,894,525 | |
Nationwide Children’s Hosp. Proj., Ser. A | 4.000 | 11/01/45 | 2,000 | 2,204,000 | |
14
PGIM Muni High Income Fund
Schedule of Investments as of January 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, Ser. A, Rfdg. (Pre-refunded 11/15/21)(ee) | 6.500 % | 11/15/37 | 875 | $919,161 | |
Middleburg Heights Hosp. Rev., | |||||
Facs. Southwest Gen. Hlth. Ctr., Ser. 2011, Rfdg. | 5.250 | 08/01/41 | 1,200 | 1,230,852 | |
Southwest Gen. Hlth. Ctr., Ser. A, Rfdg.(hh) | 4.000 | 08/01/41 | 2,005 | 2,327,545 | |
Ohio Air Qlty. Dev. Auth. Rev., Pratt Paper OH LLC Proj., AMT, 144A | 4.500 | 01/15/48 | 1,000 | 1,107,910 | |
Ohio St. Pvt. Act. Rev., Portsmouth Bypass Proj., AMT | 5.000 | 06/30/53 | 1,000 | 1,117,680 | |
40,386,708 | |||||
Oklahoma 1.9% | |||||
Oklahoma St. Dev. Fin. Auth. Rev., | |||||
OU Medicine Proj., Ser. B | 5.250 | 08/15/48 | 1,455 | 1,713,655 | |
OU Medicine Proj., Ser. B | 5.500 | 08/15/52 | 7,530 | 8,973,727 | |
OU Medicine Proj., Ser. B | 5.500 | 08/15/57 | 4,950 | 5,890,253 | |
St. Johns Hlth. Sys., Rfdg. (Pre-refunded 02/15/22)(ee) | 5.000 | 02/15/42 | 300 | 315,225 | |
Tulsa Cnty. Indl. Auth. Rev., Montereau, Inc. Proj., Rfdg. | 5.250 | 11/15/45 | 1,000 | 1,061,000 | |
17,953,860 | |||||
Oregon 0.2% | |||||
Multnomah Cnty. Hosp. Facs. Auth. Rev., Mirabella at South Waterfront, Ser. A., Rfdg. | 5.400 | 10/01/44 | 1,000 | 1,068,290 | |
Salem Hosp. Facs. Auth. Rev., Capital Manor, Inc., Rfdg. | 6.000 | 05/15/42 | 1,000 | 1,039,330 | |
2,107,620 | |||||
Pennsylvania 4.8% | |||||
Central Bradford Progress Auth. Rev., Guthrie Healthcare Sys., Rfdg. (Pre-refunded 12/01/21)(ee) | 5.375 | 12/01/41 | 2,700 | 2,817,585 | |
Chester Cnty. Indl. Dev. Auth. Rev., Renaissance Academy Chrt. Sch., Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,065,580 | |
Geisinger Auth. Hlth. Sys. Rev., Ser. A-1 | 5.125 | 06/01/41 | 1,450 | 1,473,156 | |
Moon Indl. Dev. Auth. Rev., Baptist Homes Society Oblig., Rfdg. | 6.000 | 07/01/45 | 2,000 | 2,133,760 |
15
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania (cont’d.) | |||||
Pennsylvania Comnwlth., Ser. A, COP, Rfdg. | 4.000 % | 07/01/46 | 1,500 | $1,684,275 | |
Pennsylvania Econ. Dev. Fing. Auth. Rev., | |||||
American Airlines Grp., Ser. B, Gty. Agmt. | 8.000 | 05/01/29 | 490 | 483,326 | |
Waste Mgmt., Inc. Proj., Rmkt., AMT, (Mandatory put date 05/03/21) | 0.180(cc) | 08/01/45 | 5,000 | 4,999,750 | |
Pennsylvania Tpk. Commn. Rev., | |||||
Ser. A-1 | 5.000 | 12/01/46 | 3,950 | 4,758,091 | |
Sub., Ser. A | 4.000 | 12/01/50 | 1,000 | 1,170,150 | |
Sub., Ser. A | 5.500 | 12/01/42 | 1,500 | 1,869,120 | |
Sub., Ser. A | 5.500 | 12/01/46 | 1,740 | 2,207,347 | |
Sub., Ser. A-1 | 5.000 | 12/01/46 | 2,000 | 2,354,740 | |
Sub., Ser. B-1 | 5.250 | 06/01/47 | 2,000 | 2,492,280 | |
Philadelphia Auth. for Indl. Dev. Rev., | |||||
First Philadelphia Preparatory Chrt., Ser. A, Rfdg. | 7.250 | 06/15/43 | 2,000 | 2,269,320 | |
Gtr. Philadelphia Hlth Action, Rfdg. | 6.625 | 06/01/50 | 2,795 | 2,997,554 | |
Mariana Bracetti Academy (Pre-refunded 12/15/21)(ee) | 7.625 | 12/15/41 | 2,000 | 2,131,300 | |
New Fndtn. Chrt. Sch. Proj., (Pre-refunded 12/15/22)(ee) | 6.625 | 12/15/41 | 1,000 | 1,122,000 | |
String Theory Chrt. Sch. Proj., Rfdg., 144A | 5.000 | 06/15/50 | 1,000 | 1,127,230 | |
Philadelphia Hosp. & Higher Ed. Facs. Auth. Rev., Temple Univ. Hlth. Sys., Ser. A | 5.625 | 07/01/42 | 6,750 | 7,013,318 | |
46,169,882 | |||||
Puerto Rico 6.8% | |||||
Puerto Rico Comnwlth. Aqueduct & Swr. Auth. Rev., | |||||
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 4.000 | 07/01/22 | 2,535 | 2,621,469 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 4.250 | 07/01/25 | 1,285 | 1,362,730 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 5.000 | 07/01/33 | 2,780 | 2,929,925 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 5.125 | 07/01/37 | 155 | 163,995 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 5.250 | 07/01/42 | 1,250 | 1,321,775 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 5.750 | 07/01/37 | 1,375 | 1,465,021 | |
Aqueduct & Swr. Auth., Sr. Lien, Ser. A | 6.000 | 07/01/47 | 1,170 | 1,249,490 | |
Sr. Lien, Ser. A, Rfdg., 144A | 5.000 | 07/01/35 | 5,000 | 6,161,000 | |
Sr. Lien, Ser. A, Rfdg., 144A | 5.000 | 07/01/47 | 5,000 | 5,973,600 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., | |||||
Restructured Ser. A-1 | 4.750 | 07/01/53 | 5,671 | 6,346,926 | |
Restructured Ser. A-1 | 5.000 | 07/01/58 | 12,364 | 14,041,301 | |
Restructured Ser. A-1, CABS | 3.655(t) | 07/01/46 | 18,766 | 5,934,748 |
16
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Puerto Rico (cont’d.) | |||||
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., (cont’d.) | |||||
Restructured Ser. A-1, CABS | 3.785 %(t) | 07/01/51 | 16,834 | $3,824,853 | |
Ser. A-2 | 4.329 | 07/01/40 | 10,500 | 11,606,385 | |
65,003,218 | |||||
Rhode Island 0.5% | |||||
Tob. Settlement Fing. Corp. Rev., Ser. A, Rfdg. | 5.000 | 06/01/40 | 4,350 | 5,011,026 | |
South Carolina 0.8% | |||||
Berkeley Cnty. Spl. Assmt., Nexton Impt. Dist. | 4.375 | 11/01/49 | 1,000 | 1,098,430 | |
South Carolina Prt. Auth. Rev., | |||||
AMT | 4.000 | 07/01/45 | 1,500 | 1,628,550 | |
AMT | 4.000 | 07/01/55 | 2,000 | 2,276,720 | |
South Carolina St. Pub. Svc. Auth. Rev., Ser. E, Rfdg. | 5.250 | 12/01/55 | 2,500 | 3,001,975 | |
8,005,675 | |||||
South Dakota 0.2% | |||||
South Dakota Hlth. & Edl. Facs. Auth. Rev., Monument Hlth., Ser. A, Rfdg. | 4.000 | 09/01/50 | 1,500 | 1,736,295 | |
Tennessee 0.6% | |||||
Knox Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev., East Tennessee Children’s Hosp., Rfdg. | 4.000 | 11/15/48 | 2,000 | 2,286,080 | |
Metropolitan Govt. Nashville & Davidson Cnty. Hlth. & Edl. Facs. Brd. Rev., Impt. Blakeford at Green Hills, Rfdg. (Pre-refunded 07/01/22)(ee) | 5.000 | 07/01/37 | 850 | 908,879 | |
Shelby Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev., Germantown Village, Rfdg. (Pre-refunded 12/01/22)(ee) | 5.250 | 12/01/42 | 1,100 | 1,202,333 | |
Tennessee Energy Acquisition Corp. Gas Rev., Ser. C | 5.000 | 02/01/22 | 1,000 | 1,045,310 | |
5,442,602 |
17
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas 7.6% | |||||
Arlington Higher Ed. Fin. Corp. Rev., Wayside Schs., Ser. A | 4.625 % | 08/15/46 | 1,050 | $1,054,190 | |
Bexar Cnty. Hlth. Facs. Dev. Corp. Rev., Army Retmnt. Residence Fndt., Rfdg. | 5.000 | 07/15/41 | 1,250 | 1,329,850 | |
Central Tex. Regl. Mobility Auth. Rev., | |||||
Sr. Lien, Ser. A | 5.000 | 01/01/45 | 1,000 | 1,148,110 | |
Sub., Rfdg. | 4.000 | 01/01/41 | 1,100 | 1,193,148 | |
Clifton Higher Ed. Fin. Corp. Rev., | |||||
Idea Pub. Sch. | 5.000 | 08/15/42 | 1,000 | 1,056,760 | |
Idea Pub. Sch. | 6.000 | 08/15/43 | 1,000 | 1,113,300 | |
Decatur Hosp. Auth. Rev., Wise Regl. Hlth. Sys., Ser. A, Rfdg. | 5.250 | 09/01/44 | 1,370 | 1,513,795 | |
Grand Parkway Transn. Corp. Rev., First Tier Toll, Ser. A | 5.125 | 10/01/43 | 2,000 | 2,217,160 | |
Gulf Coast Wste. Disp. Auth. Rev., | |||||
Exxon Proj., Rfdg., FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 10/01/24 | 600 | 600,000 | |
ExxonMobil Corp. Proj., FRDD (Mandatory put date 02/01/21) | 0.030(cc) | 09/01/25 | 1,150 | 1,150,000 | |
ExxonMobil Corp. Proj., FRDD (Mandatory put date 02/01/21) | 0.030(cc) | 12/01/25 | 15,530 | 15,530,000 | |
ExxonMobil Corp. Proj., FRDD (Mandatory put date 02/01/21) | 0.030(cc) | 06/01/30 | 700 | 700,000 | |
ExxonMobil Corp. Proj., Ser. A, FRDD (Mandatory put date 02/01/21) | 0.030(cc) | 06/01/30 | 3,810 | 3,810,000 | |
Houston Arpt. Sys. Rev., | |||||
Ser. B-1, AMT | 5.000 | 07/15/35 | 2,000 | 2,155,900 | |
Spl. Facs. Cont. Airlines, Inc., Ser. A, AMT, Rfdg. | 6.625 | 07/15/38 | 1,500 | 1,533,735 | |
Sub. Lien, Ser. A, AMT, Rfdg. (Pre-refunded 07/01/21)(ee) | 5.000 | 07/01/25 | 250 | 254,833 | |
Sub. Lien, Ser. A, AMT, Rfdg. (Pre-refunded 07/01/22)(ee) | 5.000 | 07/01/32 | 1,000 | 1,065,460 | |
United Airlines, Inc., AMT, Rfdg. | 5.000 | 07/15/27 | 500 | 583,790 | |
Houston Higher Ed. Fin. Corp., Higher Ed. Rev., Cosmos Fndtn., Inc., Ser. A | 5.000 | 02/15/42 | 1,250 | 1,293,050 | |
Kerryville Hlth. Facs. Dev. Corp. Rev., Peterson Regl. Med. Ctr. Proj., Rfdg. | 5.000 | 08/15/35 | 3,000 | 3,537,420 | |
Lower Neches Valley Auth. Indl. Dev. Corp. Rev., | |||||
ExxonMobil Corp. Proj., Ser. B, Rfdg., FRDD (Mandatory put date 02/01/21) | 0.030(cc) | 11/01/29 | 2,360 | 2,360,000 | |
ExxonMobil Proj., FRDD (Mandatory put date 02/01/21) | 0.010(cc) | 11/01/38 | 680 | 680,000 |
18
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
Matagorda Cnty. Nav. Dist. No. 1, Poll. Ctrl. Rev., | |||||
AEP Tex. Central Co. Proj., Ser. B-1, Rfdg. | 4.000 % | 06/01/30 | 1,000 | $1,069,800 | |
AEP Tex. Central Co. Proj., Ser. B-2, Rfdg. | 4.000 | 06/01/30 | 1,800 | 1,928,142 | |
Mission Econ. Dev. Corp. Rev., Natgosoline Proj., Sr. Lien, AMT, Rfdg., 144A | 4.625 | 10/01/31 | 2,000 | 2,138,100 | |
New Hope Cultural Ed. Facs. Fin. Corp. Rev., | |||||
Jubilee Academic Ctr., Ser. A, Rfdg., 144A | 4.000 | 08/15/26 | 1,375 | 1,382,714 | |
Jubilee Academic Ctr., Ser. A, Rfdg., 144A | 5.000 | 08/15/46 | 2,000 | 2,011,920 | |
MRC Crestview, Rfdg. | 5.000 | 11/15/46 | 1,150 | 1,207,511 | |
North Tex. Twy. Auth. Rev., | |||||
Rfdg. | 5.000 | 01/01/48 | 1,250 | 1,535,062 | |
Second Tier, Ser. A, Rfdg. | 4.000 | 01/01/38 | 2,000 | 2,222,940 | |
Port Beaumont Navigation Dist. Rev., Jefferson Gulf Coast, AMT, Rfdg., 144A | 4.000 | 01/01/50 | 2,000 | 2,071,980 | |
Pottsboro Higher Ed. Fin. Corp. Rev., Ser. A | 5.000 | 08/15/46 | 1,000 | 1,056,180 | |
Tarrant Cnty. Cultural Ed. Facs. Fin. Corp. Rev., | |||||
Barton Creek Sr. Living Ctr., Rfdg. | 5.000 | 11/15/40 | 1,100 | 1,199,913 | |
Trinity Terrace Proj., Ser. A-1, Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,061,740 | |
Texas Mun. Gas Acq. & Sply. Corp., Gas Sply. Rev., Corp. I, Sr. Lien, Ser. A | 5.250 | 12/15/26 | 4,100 | 5,093,635 | |
Texas Priv. Activity Surface Transn. Corp. Rev., | |||||
LBJ Infrastructure Grp. LLC, Ser. A, Rfdg. | 4.000 | 06/30/40 | 500 | 580,870 | |
Sr. Lien, NTE Mobility Partners, AMT, Ser. 3A & 3B | 6.750 | 06/30/43 | 500 | 574,880 | |
Sr. Lien, NTE Mobility Partners, AMT, Ser. 3A & 3B | 7.000 | 12/31/38 | 1,500 | 1,738,320 | |
72,754,208 | |||||
Utah 0.2% | |||||
Salt Lake City Corp. Arpt. Rev., Ser. A, AMT | 5.000 | 07/01/47 | 1,100 | 1,304,347 | |
Utah Cnty. Hosp. Rev., IHC Hlth. Svcs. Inc., Ser. A | 4.000 | 05/15/43 | 510 | 612,648 | |
1,916,995 | |||||
Virginia 1.8% | |||||
City of Chesapeake Expressway Toll Road Rev., Transn. Sys., Sr. Ser. B, CABS, Rfdg. (Convert to Fixed on 07/15/23) | 0.000(cc) | 07/15/40 | 1,000 | 1,071,230 | |
Mosaic District Cmnty. Dev. Auth. Spl. Assmt., Ser. A | 6.875 | 03/01/36 | 1,250 | 1,256,775 |
19
PGIM Muni High Income Fund
Schedule of Investments as of January 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, Ser. B, Rfdg. | 4.000 % | 11/01/48 | 2,000 | $2,328,180 | |
Virginia Small Bus. Fing. Auth. Rev., | |||||
National Sr. Campuses, Inc., Rfdg. | 4.000 | 01/01/51 | 1,750 | 1,934,240 | |
Sr. Lien, Elizabeth River Crossings OpCo LLC Proj. | 5.250 | 01/01/32 | 2,055 | 2,192,295 | |
Sr. Lien, Elizabeth River Crossings OpCo LLC Proj. | 5.500 | 01/01/42 | 3,000 | 3,204,630 | |
Sr. Lien, Express Lanes LLC Proj. | 5.000 | 01/01/40 | 4,780 | 4,978,752 | |
16,966,102 | |||||
Washington 1.2% | |||||
Port of Seattle Indl. Dev. Corp. Rev., Spl. Facs., Delta Airlines, AMT, Rfdg. | 5.000 | 04/01/30 | 1,000 | 1,029,510 | |
Skagit Cnty. Pub. Hosp. Dist. No. 1 Rev., Skagit Valley Hosp., Ser. A, Rfdg. | 5.000 | 12/01/37 | 3,000 | 3,250,110 | |
Tob. Settlement Auth. Wash. Rev., Rfdg. | 5.250 | 06/01/32 | 1,160 | 1,179,917 | |
Washington St. Healthcare Facs. Auth. Rev., | |||||
Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | 07/01/38 | 1,100 | 1,263,163 | |
Overlake Hosp. Med. Ctr., Ser. A | 4.000 | 07/01/42 | 2,500 | 2,841,575 | |
Washington St. Hsg. Fin. Comm. Rev., Rockwood Retmnt. Cmnty. Proj., Ser. A, Rfdg., 144A | 7.375 | 01/01/44 | 2,000 | 2,172,060 | |
11,736,335 | |||||
West Virginia 0.2% | |||||
West Virginia Hosp. Fin. Auth. Rev., Cabell Huntington Hosp. Oblig. Grp., Ser. A, Rfdg. | 4.125 | 01/01/47 | 1,500 | 1,697,325 | |
Wisconsin 1.6% | |||||
Pub. Fin. Auth. Rev., | |||||
Bancroft Neurohealth Proj., Ser. A, 144A | 5.125 | 06/01/48 | 1,000 | 1,072,090 | |
Corvian Cmnty. Sch., Ser. A, 144A | 5.000 | 06/15/49 | 1,000 | 1,025,040 | |
Corvian Cmnty. Sch., Ser. A, 144A | 5.125 | 06/15/47 | 2,000 | 2,042,060 | |
Mountain Island Chrt. Sch., Ser. L, Rfdg. | 5.000 | 07/01/47 | 1,000 | 1,087,700 | |
Senior-MD Proton Treatment Ctr., Ser. A-1, 144A | 6.250 | 01/01/38 | 1,750 | 1,555,435 | |
Senior-MD Proton Treatment Ctr., Ser. A-1, 144A | 6.375 | 01/01/48 | 3,000 | 2,523,030 | |
Sr. Oblig. Grp., Ser. B, AMT, Rfdg. | 5.000 | 07/01/42 | 1,500 | 1,567,335 | |
Sr. Oblig. Grp., Ser. B, AMT, Rfdg. | 5.250 | 07/01/28 | 1,000 | 1,063,910 | |
Wonderful Fndtn. Chrt. Sch. Port., Ser. A-1, 144A | 5.000 | 01/01/55 | 1,600 | 1,659,888 |
20
PGIM Muni High Income Fund
Schedule of Investments as of January 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Wisconsin (cont’d.) | |||||
Wisconsin St. Hlth. & Edl. Facs. Auth. Rev., Ascension Hlth. Alliance Sr. Credit Grp., Ser. B-1, Rmkt., Rfdg. | 4.000 % | 11/15/43 | 1,500 | $1,738,965 | |
15,335,453 | |||||
TOTAL INVESTMENTS 99.4% (cost $867,029,242) | 954,713,473 | ||||
Other assets in excess of liabilities 0.6% | 5,745,291 | ||||
Net Assets 100.0% | $960,458,764 |
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. | |
AMT—Alternative Minimum Tax | |
CABS—Capital Appreciation Bonds | |
CDD—Community Development District | |
COP—Certificates of Participation | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
LP—Limited Partnership |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $483,800 and 0.1% of net assets. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of January 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. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(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 January 31, 2021. |
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).
21