PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.1% | |||||
Municipal Bonds | |||||
Alabama 0.1% | |||||
Jefferson Cnty. Swr. Rev., | |||||
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.000 % | 10/01/44 | 500 | $554,205 | |
Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.250 | 10/01/48 | 500 | 555,910 | |
1,110,115 | |||||
Alaska 1.3% | |||||
Alaska Indl. Dev. & Export Auth. Rev., Tanana Chiefs Conference Proj., Series A | 4.000 | 10/01/49 | 4,320 | 4,844,664 | |
Valdez Rev., | |||||
Exxon Pipeline Co. Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.020(cc) | 10/01/25 | 5,500 | 5,500,000 | |
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.020(cc) | 12/01/29 | 3,045 | 3,045,000 | |
13,389,664 | |||||
Arizona 4.4% | |||||
Arizona Indl. Dev. Auth. Rev., | |||||
Basis Schs. Proj., Series A, Rfdg., 144A | 5.375 | 07/01/50 | 1,000 | 1,113,670 | |
Cadence Campus Proj., Series A, 144A | 4.000 | 07/15/50 | 1,600 | 1,690,928 | |
Pinecrest Academy-Horizon Inspirada & St. Rose Campus, Series A, 144A | 5.750 | 07/15/48 | 1,500 | 1,691,040 | |
Somerset Academy of LV-Aliante & Skye Canyon Campus Proj., Series A, 144A | 4.000 | 12/15/51 | 700 | 748,930 | |
Glendale Indl. Dev. Auth. Rev., Royal Oaks Inspirata Pointe Proj., Series A | 5.000 | 05/15/56 | 1,500 | 1,670,190 | |
Maricopa Cnty. Indl. Dev. Auth. Rev., | |||||
Honorhealth, Series A | 4.000 | 09/01/51 | 1,250 | 1,462,613 | |
Horizon Cmnty. Learning Ctr., Rfdg. | 5.000 | 07/01/35 | 2,000 | 2,242,100 | |
Reid Traditional Schs. Projs. | 5.000 | 07/01/47 | 1,000 | 1,114,320 | |
Phoenix City Indl. Dev. Auth. Rev., | |||||
Basis Schs. Projs., Rfdg., 144A | 5.000 | 07/01/45 | 1,000 | 1,083,320 | |
Basis Schs. Projs., Series A, Rfdg., 144A | 5.000 | 07/01/46 | 1,000 | 1,082,140 | |
Great Hearts Academies Proj. | 5.000 | 07/01/44 | 2,250 | 2,504,047 | |
Pima Cnty. Indl. Dev. Auth. Rev., Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000 | 09/01/29 | 3,000 | 3,187,950 | |
Salt Verde Finl. Corp. Rev., | |||||
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/32 | 4,890 | 6,460,962 | |
Sr. Gas Rev., Sr. Bonds | 5.000 | 12/01/37 | 12,180 | 16,992,074 |
1
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Arizona (cont’d.) | |||||
Tempe Indl. Dev. Auth. Rev., | |||||
Friendship Vlg. | 5.000 % | 12/01/50 | 1,045 | $1,071,553 | |
Friendship Vlg., Series A, Rfdg. | 6.250 | 12/01/42 | 1,000 | 1,009,050 | |
45,124,887 | |||||
California 7.8% | |||||
ABAG Fin. Auth. for Nonprofit Corp. Rev., Episcopal Sr. Cmnty., Rfdg. | 6.125 | 07/01/41 | 775 | 778,294 | |
California Cnty. Tob. Secur. Agcy. Rev., | |||||
Sr. Series A, Rfdg. | 4.000 | 06/01/49 | 1,000 | 1,158,930 | |
Sub. Series B-1, Rfdg. | 5.000 | 06/01/49 | 2,000 | 2,462,260 | |
Sub. Series B-2, Rfdg., CABS | 3.435(t) | 06/01/55 | 3,000 | 589,830 | |
California Hlth. Facs. Fing. Auth. Rev., Lucile Salter Packard Children’s Hosp. at Stanford, Series A, Rfdg.(hh) | 4.000 | 05/15/51 | 2,500 | 2,857,000 | |
California Muni. Fin. Auth. Rev., | |||||
ExxonMobil Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 12/01/29 | 2,300 | 2,300,000 | |
Series A, 144A | 5.000 | 12/01/54 | 500 | 556,615 | |
Series A, 144A | 5.500 | 06/01/48 | 750 | 831,082 | |
Sr. Lien-LINXS APM Proj., AMT | 5.000 | 12/31/43 | 2,000 | 2,396,020 | |
California Poll. Ctrl. Fing. Auth. Rev., Green Bond, Calplant I Proj., AMT, 144A | 8.000 | 07/01/39(d) | 2,750 | 1,682,881 | |
California Sch. Fin. Auth. Rev., | |||||
Alliance Clg.-Ready Pub. Schs., Series A, 144A | 5.000 | 07/01/45 | 750 | 852,120 | |
Kipp LA Proj., Series A, 144A | 5.000 | 07/01/45 | 650 | 738,732 | |
Kipp LA Proj., Series A, 144A | 5.000 | 07/01/47 | 820 | 967,559 | |
California St. Pub. Wks. Brd. Lease Rev., Judicial Council Proj., Series D | 5.000 | 12/01/31 | 1,000 | 1,023,800 | |
California Statewide Cmntys. Dev. Auth. Rev., | |||||
899 Charleston Proj., Series A, Rfdg., 144A | 5.250 | 11/01/44 | 750 | 797,100 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/29 | 1,405 | 1,675,434 | |
CHF Irvine LLC, Rfdg. | 5.000 | 05/15/40 | 1,030 | 1,191,401 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | 12/01/43 | 4,475 | 5,334,424 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | 12/01/56 | 3,500 | 3,980,620 | |
Loma Linda Univ. Med. Ctr., Series A, 144A | 5.500 | 12/01/58 | 1,500 | 1,788,225 | |
Loma Linda Univ. Med. Ctr., Series A, Rfdg. | 5.250 | 12/01/44 | 2,500 | 2,774,125 | |
Golden St. Tob. Secur. Corp., Tob. Settlement Rev., | |||||
Asset Bkd., 1st Sub. Series B, Rfdg., CABS | (0.218)(t) | 06/01/47 | 10,100 | 2,227,353 | |
Asset Bkd., Sr., Series A-2, Rfdg., CABS | 5.300(cc) | 06/01/37 | 5,000 | 5,207,600 | |
Series A-1, Rfdg. | 5.000 | 06/01/47 | 5,235 | 5,417,649 |
2
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
Golden St. Tob. Secur. Corp., Tob. Settlement Rev., (cont’d.) | |||||
Series A-1, Rfdg. | 5.250 % | 06/01/47 | 5,150 | $5,342,558 | |
Series A-2, Rfdg. | 5.000 | 06/01/47 | 1,500 | 1,552,335 | |
Inland Vlly. Dev. Agcy., Tax Alloc., Series A, Rfdg. | 5.000 | 09/01/44 | 1,000 | 1,114,010 | |
Irvine Unified Sch. Dist., Spl. Tax, Series A | 4.000 | 09/01/44 | 1,000 | 1,090,710 | |
Lincoln Pub. Fing. Auth., Spl. Assmt., Twelve Bridges, Sub. Series B, Rfdg. | 6.000 | 09/02/27 | 936 | 949,272 | |
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., | |||||
Series A | 5.000 | 11/15/35 | 3,800 | 5,290,588 | |
Series A | 5.500 | 11/15/37 | 685 | 1,026,623 | |
M-S-R Energy Auth. Rev., | |||||
Series A | 6.500 | 11/01/39 | 2,060 | 3,388,721 | |
Series A | 7.000 | 11/01/34 | 1,650 | 2,579,660 | |
Northern California Tob. Secur. Auth. Rev., Sr. Sacramento Co. Tob. Sec. Corp., Series B-2, Class 2, Rfdg., CABS | 3.430(t) | 06/01/60 | 3,500 | 846,685 | |
Riverside Cnty. Pub. Fing. Auth. Rev., Cap. Facs. Proj. | 5.250 | 11/01/45 | 1,000 | 1,176,250 | |
Sacramento, | |||||
Spl. Tax | 4.000 | 09/01/46 | 750 | 835,207 | |
Spl. Tax | 4.000 | 09/01/50 | 1,000 | 1,113,720 | |
San Buenaventura Rev., | |||||
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) | 7.500 | 12/01/41 | 1,000 | 1,036,650 | |
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) | 8.000 | 12/01/26 | 500 | 519,570 | |
Santa Margarita Wtr. Dist., Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 | 5.625 | 09/01/36 | 645 | 706,617 | |
Southern California Tob. Secur. Auth. Rev., San Diego Co. Tob., Rfdg., CABS | 3.475(t) | 06/01/54 | 3,000 | 574,980 | |
78,733,210 | |||||
Colorado 3.0% | |||||
City & Cnty. of Denver Arpt. Sys. Rev., Sub. Sys., Series A, Rfdg., AMT | 4.000 | 12/01/48 | 2,000 | 2,225,260 | |
Colorado Edl. & Cultural Facs. Auth. Rev., | |||||
Aspen View Academy Proj. | 4.000 | 05/01/61 | 550 | 604,725 | |
Impt. Chrt. Sch. Skyview Academy Proj., Rfdg., 144A | 5.375 | 07/01/44 | 1,350 | 1,434,726 | |
Impt. Chrt. Sch. Univ. LA, Rfdg. | 5.000 | 12/15/45 | 1,000 | 1,111,150 |
3
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Colorado (cont’d.) | |||||
Colorado Edl. & Cultural Facs. Auth. Rev., (cont’d.) | |||||
Rfdg. | 5.000 % | 11/01/44 | 885 | $965,783 | |
Windsor Chrt. Sch., Rfdg. | 5.000 | 09/01/46 | 1,390 | 1,402,274 | |
Colorado Hlth. Facs. Auth. Rev., | |||||
Commonspirit Hlth., Series A, Rfdg. | 4.000 | 08/01/49 | 5,000 | 5,662,650 | |
Covenant Living Cmntys., Series A, Rfdg. | 4.000 | 12/01/50 | 2,000 | 2,278,100 | |
Covenant Retirement Cmntys., Rfdg. | 5.000 | 12/01/35 | 1,250 | 1,451,787 | |
Vail Valley Med. Ctr. Proj. | 4.000 | 01/15/45 | 2,500 | 2,729,775 | |
Park Creek Met. Dist. Ltd. Ppty. Tax Alloc. Rev., Sr. Lmt. Prop. TA., Rfdg. | 5.000 | 12/01/45 | 1,500 | 1,724,805 | |
Plaza Co. Met. Dist. 1, Tax Alloc., Rfdg., 144A | 5.000 | 12/01/40 | 1,000 | 1,034,480 | |
Pub. Auth. Energy Nat. Gas Pur. Rev., Nat. Gas Util. Imps. | 6.500 | 11/15/38 | 4,045 | 6,292,766 | |
Sterling Ranch Cmnty. Auth. Brd. Rev., Series A, Rfdg. | 4.250 | 12/01/50 | 1,000 | 1,095,830 | |
30,014,111 | |||||
Connecticut 0.2% | |||||
Harbor Point Infrastructure Impt. Dist., Tax Alloc., Harbor Point Proj., Rfdg., 144A | 5.000 | 04/01/39 | 2,000 | 2,279,300 | |
Delaware 0.2% | |||||
Delaware St. Econ. Dev. Auth. Rev., Newark Chrt. Sch., Inc., Series A, Rfdg. | 5.000 | 09/01/46 | 500 | 558,710 | |
Delaware St. Hlth. Facs. Auth. Rev., Nanticoke Mem. Hosp., Rfdg. (Pre-refunded date 07/01/23)(ee) | 5.000 | 07/01/32 | 1,375 | 1,513,834 | |
2,072,544 | |||||
District of Columbia 1.8% | |||||
Dist. of Columbia Rev., | |||||
Dist. of Columbia Intl. Oblig. Grp. | 5.000 | 07/01/54 | 1,000 | 1,165,770 | |
Friendship Pub. Chrt. Sch. (Pre-refunded date 12/01/22)(ee) | 5.000 | 06/01/42 | 3,500 | 3,753,435 | |
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | 07/01/43 | 850 | 952,799 | |
KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | 07/01/48 | 725 | 812,682 | |
KIPP DC Iss., Series A, Rfdg. | 5.000 | 07/01/37 | 1,250 | 1,483,687 |
4
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
District of Columbia (cont’d.) | |||||
Dist. of Columbia Rev., (cont’d.) | |||||
Kipp DC Proj. | 4.000 % | 07/01/49 | 1,000 | $1,113,050 | |
Rfdg. | 5.000 | 06/01/55 | 1,500 | 1,738,725 | |
Rocketship DC Oblig. Grp., Series A, 144A | 5.000 | 06/01/49 | 2,000 | 2,210,560 | |
Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., | |||||
Dulles Toll Rd., Series A, Rfdg. | 5.000 | 10/01/53 | 2,500 | 2,583,825 | |
Dulles Toll Rd., Sub. Series B, Rfdg. | 4.000 | 10/01/49 | 2,000 | 2,282,780 | |
18,097,313 | |||||
Florida 9.7% | |||||
Broward Cnty. Arpt. Sys. Rev., | |||||
Series A, AMT | 4.000 | 10/01/49 | 3,000 | 3,426,240 | |
Series A, AMT (Pre-refunded date 10/01/23)(ee) | 5.250 | 10/01/43 | 1,500 | 1,666,560 | |
Broward Cnty. Port Facs. Rev., Sr. Bond, Series B, AMT | 4.000 | 09/01/49 | 2,000 | 2,274,560 | |
Capital Tr. Agcy. Rev., | |||||
Air Cargo, Aero Miami FX LLC, Sr. Lien, Series A, Rfdg. | 5.350 | 07/01/29 | 1,660 | 1,665,959 | |
Edl. Growth Fund LLC Chrt. Sch. Port Proj., Series A-1, 144A | 5.000 | 07/01/56 | 1,000 | 1,171,860 | |
Wonderful Fndtn. Chrt. Sch. Port., Series A-1, 144A | 5.000 | 01/01/55 | 3,000 | 3,308,070 | |
Citizens Ppty. Ins., Inc. Rev., Sr. Sec’d., Series A-1 | 5.000 | 06/01/22 | 1,000 | 1,047,290 | |
Cityplace CDD., Spl. Assmt., Rfdg. | 5.000 | 05/01/26 | 1,000 | 1,147,250 | |
Davie Edl. Facs. Rev., | |||||
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 5.625 | 04/01/43 | 500 | 549,300 | |
Nova Southeastern Univ. Proj., Series A (Pre-refunded date 04/01/23)(ee) | 6.000 | 04/01/42 | 1,000 | 1,105,450 | |
Florida Dev. Fin. Corp. Rev., | |||||
Bay Area Chrt. Fndtn., Series A (Pre-refunded date 12/15/21)(ee) | 7.750 | 06/15/42 | 2,000 | 2,081,440 | |
Glendridge On Palmer Ranch Proj., Rfdg.(hh) | 5.000 | 06/01/51 | 2,000 | 2,286,260 | |
Green Bond, Brightline Passenger Rail, Rmkt., Series B, AMT, 144A | 7.375 | 01/01/49 | 2,000 | 2,180,200 | |
Mater Academy Proj., Series A | 5.000 | 06/15/55 | 1,000 | 1,116,480 | |
Renaissance Chrt. Sch., Rfdg., 144A | 5.000 | 09/15/50 | 2,000 | 2,190,300 | |
River City Science Academy Proj., Series A | 4.000 | 07/01/45 | 565 | 604,844 | |
River City Science Academy Proj., Series A | 4.000 | 07/01/55 | 2,460 | 2,633,701 | |
Virgin Trains USA Pass, Series A, Rfdg., AMT (Mandatory put date 01/01/29), 144A | 6.500(cc) | 01/01/49 | 4,210 | 4,271,340 | |
Wst. Pro USA, Inc., Proj., AMT(hh) | 3.000 | 06/01/32 | 2,500 | 2,623,900 |
5
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Florida Higher Edl. Facs. Finl. Auth. Rev., Ringling Clg. Proj. | 5.000 % | 03/01/42 | 4,650 | $5,227,065 | |
Greater Orlando Aviation Auth. Rev., | |||||
Priority Sub. Series A, AMT | 4.000 | 10/01/52 | 3,350 | 3,718,667 | |
Priority Sub. Series A, AMT | 5.000 | 10/01/52 | 2,000 | 2,379,120 | |
Spl. Purp., JetBlue Airways Corp. Proj., Rfdg. | 5.000 | 11/15/36 | 4,700 | 5,009,542 | |
Hillsborough Cnty. Indl. Dev. Auth. Rev., Tampa Gen. Hosp. Proj., Series A | 4.000 | 08/01/50 | 2,500 | 2,904,350 | |
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 | 1,142,520 | |
Lakewood Ranch Stewardship Dist., | |||||
Spl. Assmt., Lakewood Centre North Proj. | 4.875 | 05/01/45 | 1,000 | 1,058,580 | |
Spl. Assmt., Lakewood Nat’l. & Polo Run Projs. | 4.625 | 05/01/27 | 500 | 543,605 | |
Spl. Assmt., Lakewood Nat’l. & Polo Run Projs. | 5.375 | 05/01/47 | 1,000 | 1,109,800 | |
Spl. Assmt., N E Sector Proj., Phase 1B | 5.450 | 05/01/48 | 1,000 | 1,145,820 | |
Spl. Assmt., N E Sector Proj., Phase 2B, Rfdg., 144A | 4.000 | 05/01/50 | 750 | 785,512 | |
Spl. Assmt., Stewardship Dist., Azario Proj. | 4.000 | 05/01/50 | 1,000 | 1,047,350 | |
Spl. Assmt., Vlg. Lakewood Ranch S. Proj. | 4.250 | 05/01/26 | 250 | 262,213 | |
Spl. Assmt., Vlg. Lakewood Ranch S. Proj. | 5.125 | 05/01/46 | 1,300 | 1,392,989 | |
Midtown Miami Cmnty. Dev. Dist., Spl. Assmt., Pkg. Garage Proj., Series A, Rfdg. | 5.000 | 05/01/37 | 1,980 | 2,048,647 | |
North Sumter Cnty. Util. Dependent Dist. Rev., Solid Wste. | 5.000 | 10/01/42 | 2,000 | 2,114,760 | |
Orange Cnty. Hlth. Facs. Auth. Rev., Orlando Hlth. Oblig. Grp., Series A | 4.000 | 10/01/49 | 3,450 | 3,951,250 | |
Osceola Cnty. Trans. Rev., | |||||
Series A-1, Rfdg. | 4.000 | 10/01/54 | 1,500 | 1,698,945 | |
Series A-2, Rfdg., CABS | 2.737(t) | 10/01/54 | 1,000 | 321,960 | |
Palm Beach Cnty. Hlth. Facs. Auth. Rev., | |||||
BRRH Corp. Oblig. Grp., Rfdg. (Pre-refunded date 12/01/24)(ee) | 5.000 | 12/01/31 | 500 | 579,980 | |
Sinai Residences Boca Raton Proj., Series A, Rfdg. | 7.500 | 06/01/49 | 1,000 | 1,072,240 | |
Sarasota Cnty. Pub. Hosp. Dist. Rev., Sarasota Mem. Hosp. | 4.000 | 07/01/48 | 5,000 | 5,671,950 | |
South Miami Hlth. Facs. Auth., Inc. Rev., Baptist Hlth. South Florida, Rfdg. | 5.000 | 08/15/47 | 1,000 | 1,215,430 | |
Tallahassee Hlth. Facs. Mem. Rev., Tallahassee Mem. Hlth., Inc., Series A | 5.000 | 12/01/55 | 1,430 | 1,641,154 | |
Village CDD No. 7, Spl. Assmt., Fla., Rfdg. | 4.000 | 05/01/36 | 1,790 | 1,957,759 |
6
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida (cont’d.) | |||||
Village CDD No. 9, Spl. Assmt., Fla., Rfdg. | 5.500 % | 05/01/42 | 1,915 | $1,952,419 | |
Village CDD No.10, | |||||
Spl. Assmt., Fla. | 5.125 | 05/01/43 | 970 | 1,006,753 | |
Spl. Assmt., Fla. | 6.000 | 05/01/44 | 700 | 747,425 | |
Village CDD No.11, Spl. Assmt., Fla. | 4.500 | 05/01/45 | 1,310 | 1,368,452 | |
Village CDD No.12, Spl. Assmt., Fla., 144A | 4.250 | 05/01/43 | 2,765 | 3,030,136 | |
Village CDD No.13, | |||||
Spl. Assmt., Fla. | 3.550 | 05/01/39 | 495 | 531,264 | |
Spl. Assmt., Fla. | 3.700 | 05/01/50 | 995 | 1,059,585 | |
Spl. Assmt., Fla., 144A | 3.500 | 05/01/51 | 1,210 | 1,260,881 | |
98,792,927 | |||||
Georgia 0.6% | |||||
Burke Cnty. Dev. Auth. Rev., Oglethorpe Pwr. Corp.-Vogtle Proj., Series D, Rfdg. | 4.125 | 11/01/45 | 2,000 | 2,203,340 | |
George L Smith II Congress Ctr. Auth. Rev., | |||||
Convention Ctr. Hotel, 1st Tier, Series A | 4.000 | 01/01/54 | 500 | 582,800 | |
Convention Ctr. Hotel, 2nd Tier, Series B, 144A | 5.000 | 01/01/54 | 500 | 589,305 | |
Priv. Clgs. & Univs. Auth. Rev., Savannah Clg. of Art & Design Proj. | 5.000 | 04/01/44 | 1,500 | 1,671,210 | |
Rockdale Cnty. Dev. Auth. Rev., Pratt Paper LLC Proj., Rfdg., AMT, 144A | 4.000 | 01/01/38 | 1,000 | 1,109,170 | |
6,155,825 | |||||
Guam 0.1% | |||||
Guam Govt. Wtrwks. Auth. Rev., Series A | 5.000 | 01/01/50 | 1,000 | 1,218,030 | |
Hawaii 0.3% | |||||
Hawaii St. Dept. Budget & Fin. Rev., Pac. Hlth. Oblig., Series A, Rfdg. | 5.500 | 07/01/43 | 2,500 | 2,777,525 | |
Illinois 14.0% | |||||
Chicago Brd. of Edu., | |||||
Series A, GO | 5.000 | 12/01/41 | 1,000 | 1,231,440 | |
Series A, GO | 5.500 | 12/01/39 | 635 | 648,837 | |
Series A, GO, 144A | 7.000 | 12/01/46 | 1,500 | 1,935,030 |
7
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Chicago Brd. of Edu., (cont’d.) | |||||
Series A, GO, Rfdg. | 4.000 % | 12/01/27 | 500 | $581,510 | |
Series A, GO, Rfdg. | 5.000 | 12/01/35 | 500 | 606,585 | |
Series A, GO, Rfdg. | 7.000 | 12/01/44 | 3,390 | 4,101,358 | |
Series C, GO | 5.250 | 12/01/35 | 1,015 | 1,132,486 | |
Series D, GO | 5.000 | 12/01/46 | 2,470 | 2,914,353 | |
Series G, GO, Rfdg. | 5.000 | 12/01/34 | 2,155 | 2,562,963 | |
Series H, GO | 5.000 | 12/01/46 | 2,390 | 2,771,659 | |
Chicago Brd. of Edu. Rev., Spl. Tax | 6.000 | 04/01/46 | 1,500 | 1,788,795 | |
Chicago O’Hare Int’l. Arpt. Rev., | |||||
Gen., Sr. Lien, Series B, Rfdg., AGM | 4.000 | 01/01/53 | 3,005 | 3,418,909 | |
Gen., Sr. Lien, Series C, Rfdg., AMT | 5.375 | 01/01/39 | 1,500 | 1,609,005 | |
Series C, Rfdg., AMT | 4.375 | 01/01/40 | 2,000 | 2,223,720 | |
Trips Oblig. Grp., AMT | 5.000 | 07/01/48 | 1,000 | 1,177,790 | |
Chicago Trans. Auth. Rev., | |||||
2nd Lien | 5.000 | 12/01/46 | 5,000 | 5,970,700 | |
Series A, Rfdg. | 4.000 | 12/01/50 | 1,000 | 1,142,200 | |
Chicago Wstewtr. Transmn. Rev., 2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | 01/01/39 | 3,355 | 3,820,104 | |
Chicago, IL, | |||||
Rmkt., Series 2003 B, GO, Rfdg. | 5.000 | 01/01/23 | 750 | 798,630 | |
Rmkt., Series 2005 D, GO, Rfdg. | 5.500 | 01/01/37 | 6,520 | 7,449,361 | |
Rmkt., Series 2007 E, GO, Rfdg. | 5.500 | 01/01/35 | 3,000 | 3,435,930 | |
Series A, GO | 5.500 | 01/01/39 | 1,865 | 2,081,694 | |
Series A, GO, Rfdg. | 5.000 | 01/01/27 | 1,525 | 1,818,639 | |
Series A, GO, Rfdg. | 5.000 | 01/01/31 | 1,500 | 1,842,915 | |
Series A, GO, Rfdg. | 5.000 | 01/01/34 | 3,650 | 4,007,371 | |
Series A, GO, Rfdg. | 5.500 | 01/01/49 | 3,000 | 3,564,300 | |
Series A, GO, Rfdg. | 6.000 | 01/01/38 | 2,500 | 3,032,500 | |
Series C, GO, Rfdg. | 5.000 | 01/01/26 | 1,000 | 1,168,980 | |
Series C, GO, Rfdg. | 5.000 | 01/01/38 | 2,500 | 2,819,475 | |
Illinois Edl. Facs. Auth. Rev., Field Museum of Natural History, Rmkt. | 4.450 | 11/01/36 | 1,075 | 1,257,298 | |
Illinois Fin. Auth. Rev., | |||||
Impt. Chicago Intl., Rfdg. | 5.000 | 12/01/47 | 1,000 | 1,130,230 | |
Navistar Intl. Corp. Proj., Rfdg. (Mandatory put date 08/01/30), 144A | 4.750(cc) | 10/15/40 | 1,500 | 1,591,005 | |
Northshore Univ. Hlth. Sys., Series A, Rfdg. | 4.000 | 08/15/41 | 1,000 | 1,200,180 | |
Plymouth Place, Inc., Rfdg. | 5.000 | 05/15/51 | 1,735 | 1,971,290 | |
Presence Hlth. Netw., Series C, Rfdg. (Pre-refunded date 02/15/27)(ee) | 4.000 | 02/15/41 | 10 | 11,873 |
8
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
Illinois Fin. Auth. Rev., (cont’d.) | |||||
Presence Hlth. Netw., Series C, Rfdg. (Pre-refunded date 02/15/27)(ee) | 4.000 % | 02/15/41 | 265 | $314,648 | |
Presence Hlth. Netw., Series C, Unrefunded, Rfdg. | 4.000 | 02/15/41 | 5,725 | 6,401,638 | |
The Carle Fndtn., Series A, Rfdg. | 3.000 | 08/15/48 | 3,580 | 3,788,786 | |
The Carle Fndtn., Series A, Rfdg. | 4.000 | 08/15/48 | 1,400 | 1,659,770 | |
Illinois St., | |||||
GO | 4.000 | 06/01/36 | 3,000 | 3,302,970 | |
GO | 5.000 | 04/01/31 | 2,000 | 2,190,200 | |
GO | 5.000 | 01/01/32 | 1,335 | 1,562,404 | |
GO | 5.000 | 05/01/33 | 950 | 1,038,939 | |
GO | 5.000 | 03/01/36 | 1,800 | 1,853,496 | |
GO | 5.000 | 05/01/36 | 2,000 | 2,174,720 | |
GO | 5.000 | 02/01/39 | 2,215 | 2,404,648 | |
GO | 5.000 | 05/01/39 | 2,000 | 2,185,360 | |
GO | 5.250 | 07/01/31 | 1,000 | 1,080,850 | |
GO | 5.500 | 05/01/30 | 1,500 | 1,965,045 | |
GO | 5.500 | 05/01/39 | 2,500 | 3,211,750 | |
GO, Rfdg. | 5.000 | 08/01/25 | 1,000 | 1,052,000 | |
Rebuild Illinois Prog., Series B, GO | 4.000 | 11/01/35 | 2,000 | 2,305,200 | |
Series A, GO | 5.000 | 01/01/33 | 2,000 | 2,047,200 | |
Series A, GO | 5.000 | 01/01/34 | 1,600 | 1,637,568 | |
Series A, GO | 5.000 | 12/01/39 | 2,500 | 2,969,750 | |
Series A, GO, Rfdg. | 5.000 | 10/01/28 | 1,250 | 1,553,750 | |
Series C, GO | 5.000 | 11/01/29 | 2,800 | 3,388,980 | |
Series D, GO | 5.000 | 11/01/26 | 1,500 | 1,810,680 | |
Series D, GO | 5.000 | 11/01/27 | 950 | 1,168,348 | |
Regl. Trans. Auth. Rev., | |||||
Series A | 4.000 | 06/01/38 | 4,015 | 4,478,130 | |
Series A | 4.000 | 06/01/39 | 3,015 | 3,354,971 | |
Sales Tax Securitization Corp. Rev., 2nd Lien, Series A, Rfdg. | 4.000 | 01/01/38 | 1,000 | 1,175,390 | |
Springfield Elec. Rev., Sr. Lien, Rfdg., AGM | 4.000 | 03/01/40 | 1,500 | 1,645,845 | |
142,542,151 | |||||
Indiana 0.4% | |||||
Valparaiso Rev., | |||||
Pratt Paper LLC Proj., AMT | 5.875 | 01/01/24 | 600 | 631,752 | |
Pratt Paper LLC Proj., AMT | 7.000 | 01/01/44 | 1,500 | 1,668,525 |
9
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Indiana (cont’d.) | |||||
Vigo Cnty. Hosp. Auth. Rev., Union Hosp., Inc., Rfdg. (Pre-refunded date 09/01/21)(ee) | 7.750 % | 09/01/31 | 1,500 | $1,528,080 | |
3,828,357 | |||||
Iowa 0.4% | |||||
Iowa St. Fin. Auth. Rev., | |||||
Lifespace Cmntys., Inc. | 2.875 | 05/15/49 | 750 | 751,635 | |
Midwstrn. Disaster Area, Iowa Fertilizer Co. Proj., Rfdg. | 3.125 | 12/01/22 | 335 | 342,266 | |
Iowa Tob. Settlement Auth. Rev., | |||||
Sr. Series A-2, Class 1, Rfdg. | 4.000 | 06/01/49 | 1,000 | 1,154,990 | |
Sr. Series B-1, Class 2, Rfdg. | 4.000 | 06/01/49 | 1,000 | 1,153,400 | |
Sr. Series B-2, Class 2, Rfdg., CABS | 3.770(t) | 06/01/65 | 1,000 | 176,070 | |
3,578,361 | |||||
Kansas 0.1% | |||||
Wyandotte Cnty.-Kansas City Unified Govt. Rev., Legends Apts. Garage & West Lawn Proj. | 4.500 | 06/01/40 | 900 | 914,868 | |
Kentucky 0.4% | |||||
Kentucky Econ. Dev. Fin. Auth. Hosp. Facs. Rev., Baptist Healthcare Sys., Series B | 5.000 | 08/15/46 | 3,500 | 4,227,650 | |
Louisiana 0.6% | |||||
Jefferson Parish Econ. Dev. & Port Dist. Rev., Kenner Discovery Hlth. Sciences Academy Proj., Series A, 144A | 5.625 | 06/15/48 | 2,000 | 2,216,020 | |
Louisiana Pub. Facs. Auth. Rev., Ochsner Clinic Fndtn. Proj., Rfdg. | 5.000 | 05/15/47 | 1,000 | 1,144,600 | |
New Orleans Sewerage Serv. Rev., Rfdg. (Pre-refunded date 06/01/24)(ee) | 5.000 | 06/01/44 | 1,000 | 1,141,520 | |
Parish of St. James Rev., Nustar Logistics LP Proj., Rmkt., Series 2010, 144A | 6.350 | 07/01/40 | 1,000 | 1,284,880 | |
5,787,020 |
10
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Maine 0.2% | |||||
Maine Hlth. & Higher Edl. Facs. Auth. Rev., Maine Gen. Med. Ctr. (Pre-refunded date 07/01/21)(ee) | 7.500 % | 07/01/32 | 2,000 | $2,011,880 | |
Maryland 0.4% | |||||
Frederick Cnty., Spl. Oblig. Tax, Sub. Series C | 4.000 | 07/01/50 | 1,000 | 1,122,300 | |
Howard Cnty., Tax Alloc., Annapolis Junction Twn. Ctr. Proj. | 6.100 | 02/15/44 | 1,420 | 1,427,285 | |
Maryland Econ. Dev. Corp. Poll. Ctrl. Rev., Transn. Facs. Proj., Series A, Rfdg. | 5.000 | 06/01/35 | 1,000 | 1,197,870 | |
3,747,455 | |||||
Michigan 0.8% | |||||
Michigan Fin. Auth. Rev., | |||||
Great Lakes Wtr. Auth., Sr. Lien, Series C-1, Rfdg. (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/44 | 1,000 | 1,051,960 | |
Sr. Series A, Class 1, Rfdg. | 4.000 | 06/01/49 | 2,000 | 2,320,700 | |
Sr. Series B-1, Class 2, Rfdg. | 5.000 | 06/01/49 | 500 | 603,160 | |
Sr. Series B-2, Class 2, Rfdg., CABS | 3.754(t) | 06/01/65 | 2,000 | 258,200 | |
Michigan St. Bldg. Auth. Rev., Facs. Prog., Series I-A, Rfdg. (Pre-refunded date 10/15/21)(ee) | 5.375 | 10/15/41 | 750 | 764,453 | |
Summit Academy Rev., Rfdg. | 6.250 | 11/01/25 | 1,185 | 1,188,247 | |
Wayne Cnty. Arpt. Auth. Rev., Det. Met. Arpt., Series D, Rfdg., AMT | 5.000 | 12/01/28 | 1,500 | 1,603,215 | |
7,789,935 | |||||
Minnesota 0.8% | |||||
Hugo Rev., Chrt. Sch. Lease, Noble Academy Proj., Series A | 5.000 | 07/01/44 | 1,250 | 1,308,900 | |
Rochester Rev., Mayo. Clnc. | 4.000 | 11/15/48 | 3,000 | 3,416,490 | |
St. Cloud Rev., Centracare Hlth., Series A, Rfdg. | 4.000 | 05/01/37 | 1,250 | 1,408,938 |
11
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Minnesota (cont’d.) | |||||
St. Paul Hsg. & Redev. Auth. Hosp. Rev., Hlth. East Care Sys. Proj., Rfdg. (Pre-refunded date 11/15/25)(ee) | 5.000 % | 11/15/44 | 1,000 | $1,199,050 | |
St. Paul Port Auth. Sol. Wste. Disp. Rev., Gerdau St. Paul Steel Mill Proj., Series 7, 144A | 4.500 | 10/01/37 | 1,000 | 1,034,780 | |
8,368,158 | |||||
Missouri 2.1% | |||||
Kansas City Indl. Dev. Auth. Rev. , Kansas City Intl. Arpt., Series A, AMT | 4.000 | 03/01/45 | 2,500 | 2,874,800 | |
Lees Summit, Tax Alloc., Impt. Summit Fair Proj., Rfdg., 144A | 4.875 | 11/01/37 | 2,000 | 2,002,180 | |
Missouri St. Hlth. & Edl. Facs. Auth. Rev., | |||||
BJC Hlth. Sys., Series A | 4.000 | 01/01/45 | 2,010 | 2,186,357 | |
Lutheran Sr. Svcs., Rfdg. | 4.000 | 02/01/42 | 1,115 | 1,227,615 | |
Lutheran Sr. Svcs., Rfdg. | 4.000 | 02/01/48 | 2,000 | 2,180,600 | |
Lutheran Sr. Svcs., Rfdg. | 5.000 | 02/01/44 | 4,000 | 4,353,200 | |
Poplar Bluff Regl. Trans. Dev. Dist. Rev., Transn. Sales Tax | 4.750 | 12/01/42 | 2,100 | 2,165,982 | |
St. Louis Cnty. Indl. Dev. Auth. Rev., | |||||
Friendship Vlg. St. Louis Oblig. Grp., Series A | 5.250 | 09/01/53 | 2,000 | 2,231,500 | |
Friendship Vlg. Sunset Hills, Series A | 5.875 | 09/01/43 | 1,000 | 1,070,840 | |
St. Andrews Res. Srs. Oblig., Series A, Rfdg. | 5.125 | 12/01/45 | 1,000 | 1,063,860 | |
21,356,934 | |||||
Nevada 0.3% | |||||
Clark Cnty. Impt. Dist., Spl. Assmt., Dist. No. 142, Mountains Edge Loc. Impvt., Rfdg. | 4.000 | 08/01/23 | 980 | 1,020,445 | |
Sparks Rev., Sales Tax, Sr. Series A, Rfdg., 144A | 2.750 | 06/15/28 | 1,000 | 1,037,980 | |
Tahoe-Douglas Visitors Auth. Rev., Stateline | 5.000 | 07/01/45 | 1,000 | 1,158,520 | |
3,216,945 |
12
PGIM Muni High Income Fund
Schedule of Investments as of May 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, Series B, Rfdg., AMT (Mandatory put date 07/02/40), 144A | 3.750 %(cc) | 07/01/45 | 1,000 | $1,043,420 | |
Springpoint Sr. Living, Rfdg. | 4.000 | 01/01/51 | 1,000 | 1,094,480 | |
2,137,900 | |||||
New Jersey 8.3% | |||||
Essex Cnty. Impt. Auth. Rev., CHF Newark LLC NJIT Student Hsg. Proj., Series A, BAM | 4.000 | 08/01/56 | 1,000 | 1,180,650 | |
New Jersey Econ. Dev. Auth. Rev., | |||||
Continental Airlines, Inc., Proj., Spec. Facs. | 5.250 | 09/15/29 | 5,000 | 5,290,700 | |
Continental Airlines, Inc., United Airlines, Inc. Proj. | 5.125 | 09/15/23 | 3,860 | 4,102,987 | |
Continental Airlines, Inc., United Airlines, Inc., Proj., Series A, AMT | 5.625 | 11/15/30 | 2,275 | 2,561,832 | |
Goethals Bridge, AMT | 5.375 | 01/01/43 | 1,390 | 1,537,396 | |
N. Star Academy Chrt. Sch. Newark | 5.000 | 07/15/47 | 1,000 | 1,128,740 | |
NJ Transit Trans. Proj. | 4.000 | 11/01/44 | 1,000 | 1,123,660 | |
NJ Transit Trans. Proj. | 5.000 | 11/01/44 | 2,000 | 2,441,060 | |
Port Newark Container, Rfdg., AMT | 5.000 | 10/01/47 | 2,500 | 2,883,200 | |
Sch. Facs. Construction | 4.000 | 06/15/49 | 3,000 | 3,370,260 | |
Series AAA | 5.000 | 06/15/41 | 2,020 | 2,366,470 | |
Series BBB, Rfdg. | 5.500 | 06/15/30 | 1,500 | 1,853,550 | |
Series DDD | 5.000 | 06/15/42 | 1,000 | 1,183,040 | |
Series WW, Rfdg. (Pre-refunded date 06/15/25)(ee) | 5.250 | 06/15/40 | 65 | 77,645 | |
Series WW, Unrefunded | 5.250 | 06/15/40 | 1,185 | 1,358,685 | |
St. Gov’t. Bldgs. Proj., Series C | 5.000 | 06/15/47 | 2,000 | 2,368,540 | |
St. House Proj., Rmkt., Series B | 5.000 | 06/15/43 | 1,000 | 1,210,300 | |
Team Academy Chrt. Sch. Proj. | 6.000 | 10/01/43 | 1,700 | 1,869,065 | |
Umm Energy Partners, Series A, AMT | 5.000 | 06/15/37 | 1,500 | 1,563,870 | |
Umm Energy Partners, Series A, AMT | 5.125 | 06/15/43 | 1,100 | 1,146,310 | |
United Airlines, Inc. Proj., Rmkt. | 5.500 | 06/01/33 | 2,000 | 2,184,620 | |
New Jersey Healthcare Facs. Fing. Auth. Rev., RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | 07/01/43 | 1,500 | 1,801,695 | |
New Jersey Tpke. Auth. Rev., | |||||
Series A | 4.000 | 01/01/48 | 1,000 | 1,143,710 | |
Series D, Rfdg. | 5.000 | 01/01/28 | 2,150 | 2,614,185 | |
New Jersey Trans. Tr. Fd. Auth. Rev., | |||||
Series A, Rfdg.(hh) | 4.000 | 06/15/42 | 1,000 | 1,115,250 | |
Series AA | 4.000 | 06/15/50 | 5,000 | 5,711,450 | |
Trans. Sys., Rfdg. | 4.000 | 12/15/39 | 500 | 576,025 | |
Trans. Sys., Rfdg. | 5.000 | 12/15/39 | 555 | 688,078 |
13
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New Jersey (cont’d.) | |||||
New Jersey Trans. Tr. Fd. Auth. Rev., (cont’d.) | |||||
Trans. Sys., Series A, Rfdg. | 5.000 % | 12/15/36 | 1,250 | $1,531,788 | |
Trans. Sys., Series AA | 5.000 | 06/15/45 | 1,200 | 1,358,220 | |
Trans. Sys., Series AA | 5.000 | 06/15/46 | 1,940 | 2,333,354 | |
Trans. Sys., Series AA | 5.250 | 06/15/41 | 1,000 | 1,159,880 | |
Trans. Sys., Series AA | 5.250 | 06/15/43 | 4,595 | 5,735,663 | |
South Jersey Trans. Auth. Rev., | |||||
Series A | 5.000 | 11/01/45 | 500 | 624,190 | |
Series A, Rfdg. | 5.000 | 11/01/39 | 750 | 831,450 | |
Tob. Settlement Fing. Corp. Rev., | |||||
Series A, Rfdg. | 5.250 | 06/01/46 | 5,350 | 6,453,491 | |
Sub. Series B, Rfdg. | 5.000 | 06/01/46 | 7,000 | 8,215,060 | |
84,696,069 | |||||
New York 7.3% | |||||
Brookhaven Loc. Dev. Corp. Rev., Jefferson’s Ferry Proj., Series A | 4.000 | 11/01/45 | 500 | 536,420 | |
Build NYC Resource Corp. Rev., | |||||
Friends of Hellenic Classical Chrt. Sch., Inc., Series A, 144A | 5.000 | 12/01/51 | 500 | 567,175 | |
Pratt Paper, Inc. Proj., Rfdg., AMT, 144A | 5.000 | 01/01/35 | 1,000 | 1,115,160 | |
Erie Cnty. Tob. Asset Secur. Corp. Cap. Apprec. Rev., | |||||
Asset Bkd., 1st Sub. Series B, Rfdg., CABS | 5.865(t) | 06/01/47 | 5,000 | 1,112,050 | |
Asset Bkd., 2nd Sub. Series C, Rfdg., CABS, 144A | 6.692(t) | 06/01/50 | 4,000 | 592,920 | |
Glen Cove Loc. Econ. Asst. Corp. Rev., Garvies Pt. Impt. Proj., Series A | 5.000 | 01/01/56 | 1,105 | 1,192,836 | |
Hempstead Town Loc. Dev. Corp. Rev., Hofstra Univ. Proj., Series A, Rfdg. | 3.000 | 07/01/51 | 1,000 | 1,082,640 | |
Metropolitan Trans. Auth. Rev., | |||||
Bid Grp. 1, Green Bond, Series A-1 | 4.000 | 11/15/44 | 1,500 | 1,739,385 | |
Climate Bond Certified, Green Bond, Series E, Rfdg. | 4.000 | 11/15/45 | 1,595 | 1,832,240 | |
Green Bond, Series C-1, Rfdg. | 5.000 | 11/15/50 | 3,725 | 4,581,601 | |
Green Bond, Series C-1, Rfdg. | 5.250 | 11/15/55 | 3,000 | 3,746,670 | |
Green Bond, Series D1 | 5.000 | 11/15/43 | 2,000 | 2,509,060 | |
Series A-2 | 4.000 | 11/15/42 | 2,000 | 2,338,980 | |
Series A-2 | 4.000 | 11/15/43 | 2,000 | 2,326,980 | |
New York City Indl. Dev. Agcy. Rev., Yankee Stadium Proj. Pilot, Rfdg. | 4.000 | 03/01/45 | 1,000 | 1,138,190 | |
New York Liberty Dev. Corp. Rev., | |||||
4 World Trade Center Proj., Rfdg. | 5.750 | 11/15/51 | 1,750 | 1,787,888 | |
Class 1-3 World Trade Ctr., Rfdg., 144A | 5.000 | 11/15/44 | 5,000 | 5,526,000 |
14
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York (cont’d.) | |||||
New York St. Dorm. Auth. Rev., St. Johns Univ., Series A, Rfdg. | 4.000 % | 07/01/48 | 2,625 | $3,130,181 | |
New York St. Envir. Facs. Corp. Rev., Draw Down Casella Wste. Sys., Inc., Proj., Series R-1, AMT, (Mandatory put date 09/02/25) | 2.750(cc) | 09/01/50 | 550 | 561,347 | |
New York Trans. Dev. Corp. Rev., | |||||
Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 4.000 | 01/01/36 | 1,475 | 1,665,113 | |
Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 4.375 | 10/01/45 | 2,000 | 2,351,420 | |
Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | 01/01/26 | 2,000 | 2,352,720 | |
Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | 01/01/31 | 1,000 | 1,214,550 | |
Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | 10/01/40 | 2,500 | 3,117,800 | |
John F. Kennedy Int’l. Arpt. Proj., Rfdg., AMT | 5.250 | 08/01/31 | 1,000 | 1,189,720 | |
John F. Kennedy Int’l. Arpt. Proj., Rfdg., AMT | 5.375 | 08/01/36 | 1,000 | 1,251,010 | |
Laguardia Arpt., Term. B Redev., Series A, AMT | 5.000 | 07/01/46 | 2,995 | 3,352,483 | |
Laguardia Arpt., Term. B Redev., Series A, AMT | 5.250 | 01/01/50 | 9,480 | 10,670,024 | |
NY St. Thruway Srvc. Areas Proj., AMT | 4.000 | 04/30/53 | 750 | 853,913 | |
Port Auth. of NY & NJ Rev., Series 223, Rfdg., AMT | 4.000 | 07/15/61 | 1,625 | 1,881,685 | |
TSASC, Inc. Rev., Series A, Rfdg. | 5.000 | 06/01/41 | 4,875 | 5,677,035 | |
Yonkers Econ. Dev. Corp. Rev., Chrt. Sch. Edu. Excellence Proj., Series A | 5.000 | 10/15/49 | 1,000 | 1,131,250 | |
74,126,446 | |||||
North Carolina 0.6% | |||||
North Carolina Med. Care Commn. Rev., | |||||
Lutheran Svcs. for the Aging, Series A(hh) | 4.000 | 03/01/51 | 1,500 | 1,605,810 | |
Pennybyrn at Maryfield Proj., Rfdg. | 5.000 | 10/01/35 | 1,000 | 1,064,360 | |
Pennybyrn at Maryfield Proj., Series A | 5.000 | 10/01/50 | 750 | 825,525 | |
The Presbyterian Homes Oblig. Grp., Series A | 5.000 | 10/01/50 | 1,000 | 1,193,230 | |
North Carolina Tpke. Auth. Rev., Series A, Rfdg. | 5.000 | 07/01/51 | 1,250 | 1,448,312 | |
6,137,237 |
15
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Ohio 4.8% | |||||
Akron Bath Copley Joint Township Hosp. Dist. Rev., Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 3.000 % | 11/15/40 | 3,000 | $3,137,460 | |
Buckeye Tob. Settlement Fing. Auth. Rev., Sr. Series B-2, Class 2, Rfdg. | 5.000 | 06/01/55 | 19,950 | 23,091,527 | |
Cuyahoga Cnty. Hosp. Rev., | |||||
Metro Hlth. Sys., Rfdg. | 5.000 | 02/15/52 | 575 | 657,673 | |
Metro Hlth. Sys., Rfdg. | 5.250 | 02/15/47 | 2,000 | 2,346,640 | |
Metro Hlth. Sys., Rfdg. | 5.500 | 02/15/57 | 6,540 | 7,757,814 | |
Franklin Cnty. Hosp. Facs. Rev., | |||||
Nationwide Children’s Hosp. Proj. | 4.000 | 11/01/45 | 2,000 | 2,175,940 | |
Ohio Hlth. Corp., Series A | 4.000 | 05/15/47 | 2,500 | 2,865,925 | |
Lucas Cnty. Hosp. Rev., Promedica Healthcare, Series A, Rfdg. (Pre-refunded date 11/15/21)(ee) | 6.500 | 11/15/37 | 875 | 900,287 | |
Middleburg Heights Hosp. Rev. Facs., | |||||
Southwest Gen. Hlth. Ctr., Series A, Rfdg. | 4.000 | 08/01/41 | 2,005 | 2,325,760 | |
Southwest Gen., Rfdg. | 5.250 | 08/01/41 | 1,200 | 1,209,936 | |
Ohio Air Qlty. Dev. Auth. Rev., Pratt Paper OH LLC Proj., AMT, 144A | 4.500 | 01/15/48 | 1,000 | 1,133,540 | |
Ohio St. Pvt. Act. Rev., Portsmouth Bypass Proj., AMT | 5.000 | 06/30/53 | 1,000 | 1,126,370 | |
48,728,872 | |||||
Oklahoma 1.9% | |||||
Oklahoma Dev. Fin. Auth. Rev., | |||||
OU Medicine Proj., Series B | 5.000 | 08/15/38 | 250 | 305,345 | |
OU Medicine Proj., Series B | 5.250 | 08/15/48 | 1,730 | 2,107,434 | |
OU Medicine Proj., Series B | 5.500 | 08/15/52 | 7,530 | 9,257,533 | |
OU Medicine Proj., Series B | 5.500 | 08/15/57 | 4,950 | 6,063,354 | |
St. Johns Hlth. Sys., Rfdg. (Pre-refunded date 02/15/22)(ee) | 5.000 | 02/15/42 | 300 | 310,245 | |
Tulsa Cnty. Indl. Auth. Rev., Montereau, Inc. Proj., Rfdg. | 5.250 | 11/15/45 | 1,000 | 1,101,040 | |
19,144,951 |
16
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Oregon 0.2% | |||||
Multnomah Cnty. Hosp. Facs. Auth. Rev., Mirabella at South Waterfront, Series A., Rfdg. | 5.400 % | 10/01/44 | 1,000 | $1,065,940 | |
Salem Hosp. Facs. Auth. Rev., Capital Manor, Inc., Rfdg. | 6.000 | 05/15/42 | 1,000 | 1,038,040 | |
2,103,980 | |||||
Pennsylvania 4.2% | |||||
Bucks Cnty. Indl. Dev. Auth. Rev., Grand View Hosp. Proj. | 4.000 | 07/01/51 | 750 | 832,155 | |
Central Bradford Progress Auth. Rev., Guthrie Healthcare Sys., Rfdg. (Pre-refunded date 12/01/21)(ee) | 5.375 | 12/01/41 | 2,700 | 2,769,984 | |
Chester Cnty. Indl. Dev. Auth. Rev., Renaissance Academy Chrt. Sch., Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,056,880 | |
Geisinger Auth. Rev., Series A-1 | 5.125 | 06/01/41 | 1,450 | 1,450,000 | |
Moon Indl. Dev. Auth. Rev., Baptist Homes Society Oblig., Rfdg. | 6.000 | 07/01/45 | 2,000 | 2,154,620 | |
Pennsylvania Comnwlth., Series A, Rfdg., COP | 4.000 | 07/01/46 | 1,500 | 1,684,275 | |
Pennsylvania Econ. Dev. Fing. Auth. Rev., American Airlines Grp., Series B, Gty. Agmt. | 8.000 | 05/01/29 | 450 | 452,016 | |
Pennsylvania Higher Edl. Facs. Auth. Rev., Univ. of Pennsylvania Hlth. Sys., Series B, Rfdg.(hh) | 4.000 | 08/15/42 | 700 | 798,042 | |
Pennsylvania Tpke. Commn. Rev., | |||||
Series A-1 | 5.000 | 12/01/46 | 3,950 | 4,684,345 | |
Sub. Series A | 4.000 | 12/01/50 | 1,000 | 1,159,170 | |
Sub. Series A | 5.500 | 12/01/42 | 1,500 | 1,823,265 | |
Sub. Series A | 5.500 | 12/01/46 | 1,740 | 2,157,443 | |
Sub. Series A-1 | 5.000 | 12/01/46 | 2,000 | 2,314,660 | |
Sub. Series B-1 | 5.250 | 06/01/47 | 2,000 | 2,420,640 | |
Philadelphia Auth. for Indl. Dev. Rev., | |||||
1st Philadelphia Preparatory Chrt., Series A, Rfdg. | 7.250 | 06/15/43 | 2,000 | 2,267,700 | |
Gtr. Philadelphia Hlth. Action, Rfdg. | 6.625 | 06/01/50 | 2,795 | 2,990,678 | |
Mariana Bracetti Academy (Pre-refunded date 12/15/21)(ee) | 7.625 | 12/15/41 | 2,000 | 2,080,120 | |
New Fndtn. Chrt. Sch. Proj., (Pre-refunded date 12/15/22)(ee) | 6.625 | 12/15/41 | 1,000 | 1,098,740 | |
String Theory Chrt. Sch. Proj., Rfdg., 144A | 5.000 | 06/15/50 | 1,000 | 1,142,960 |
17
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania (cont’d.) | |||||
Philadelphia Hosp. & Higher Ed. Facs. Auth. Rev., Temple Univ. Hlth. Sys., Series A | 5.625 % | 07/01/42 | 6,750 | $7,078,928 | |
42,416,621 | |||||
Puerto Rico 6.8% | |||||
Puerto Rico Comnwlth., Public Impt., Series A, GO, Rfdg. | 5.500 | 07/01/39(d) | 5,000 | 4,243,750 | |
Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev., | |||||
Sr. Lien, Series A | 4.000 | 07/01/22 | 2,535 | 2,602,228 | |
Sr. Lien, Series A | 4.250 | 07/01/25 | 1,285 | 1,336,965 | |
Sr. Lien, Series A | 5.000 | 07/01/33 | 2,780 | 2,886,279 | |
Sr. Lien, Series A | 5.125 | 07/01/37 | 155 | 161,058 | |
Sr. Lien, Series A | 5.250 | 07/01/42 | 1,250 | 1,297,388 | |
Sr. Lien, Series A | 5.750 | 07/01/37 | 1,375 | 1,437,948 | |
Sr. Lien, Series A | 6.000 | 07/01/47 | 1,170 | 1,226,745 | |
Sr. Lien, Series A, Rfdg., 144A | 5.000 | 07/01/35 | 5,000 | 5,964,900 | |
Sr. Lien, Series A, Rfdg., 144A | 5.000 | 07/01/47 | 5,000 | 5,876,500 | |
Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., | |||||
Restructured, Series A-1 | 4.750 | 07/01/53 | 5,720 | 6,412,234 | |
Restructured, Series A-1 | 5.000 | 07/01/58 | 12,364 | 14,065,657 | |
Restructured, Series A-2 | 4.329 | 07/01/40 | 10,500 | 11,647,125 | |
Restructured, Series A-1, CABS | 3.467(t) | 07/01/46 | 18,766 | 6,086,189 | |
Restructured, Series A-1, CABS | 3.496(t) | 07/01/51 | 16,834 | 3,952,118 | |
69,197,084 | |||||
Rhode Island 0.5% | |||||
Tob. Settlement Fing. Corp. Rev., Series A, Rfdg. | 5.000 | 06/01/40 | 4,350 | 4,845,770 | |
South Carolina 0.8% | |||||
Berkeley Cnty., Spl. Assmt., Nexton Impt. Dist. | 4.375 | 11/01/49 | 1,000 | 1,101,880 | |
South Carolina Prt. Auth. Rev., | |||||
AMT | 4.000 | 07/01/45 | 1,500 | 1,643,250 | |
AMT | 4.000 | 07/01/55 | 2,000 | 2,250,040 | |
South Carolina St. Pub. Svc. Auth. Rev., Series E, Rfdg. | 5.250 | 12/01/55 | 2,500 | 2,922,550 | |
7,917,720 |
18
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
South Dakota 0.2% | |||||
South Dakota Hlth. & Edl. Facs. Auth. Rev., Monument Hlth., Series A, Rfdg. | 4.000 % | 09/01/50 | 1,500 | $1,745,460 | |
Tennessee 0.5% | |||||
Knox Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev., East Tennessee Children’s Hosp., Rfdg. | 4.000 | 11/15/48 | 2,170 | 2,475,015 | |
Metropolitan Govt. Nashville & Davidson Cnty. Hlth. & Edl. Facs. Brd. Rev., Impt. Blakeford at Green Hills, Rfdg. (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/37 | 850 | 894,489 | |
Shelby Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev., Germantown Village, Rfdg. (Pre-refunded date 12/01/22)(ee) | 5.250 | 12/01/42 | 1,100 | 1,183,754 | |
Tennessee Energy Acq. Corp. Gas Rev., Series C | 5.000 | 02/01/22 | 1,000 | 1,028,840 | |
5,582,098 | |||||
Texas 8.0% | |||||
Arlington Higher Ed. Fin. Corp. Rev., | |||||
Series A, Rfdg.(hh) | 4.000 | 08/15/46 | 1,360 | 1,426,572 | |
Wayside Schs., Series A | 4.625 | 08/15/46 | 1,050 | 1,056,857 | |
Bexar Cnty. Hlth. Facs. Dev. Corp. Rev., Army Retmnt. Residence Fndt., Rfdg. | 5.000 | 07/15/41 | 1,250 | 1,390,287 | |
Central Texas Regl. Mobility Auth. Rev., | |||||
Sr. Lien, Series A | 5.000 | 01/01/45 | 1,000 | 1,152,270 | |
Sub. Rfdg. | 4.000 | 01/01/41 | 1,100 | 1,210,066 | |
Clifton Higher Ed. Fin. Corp. Rev., | |||||
Idea Pub. Sch. | 5.000 | 08/15/42 | 1,000 | 1,042,410 | |
Idea Pub. Sch. | 6.000 | 08/15/43 | 1,100 | 1,218,052 | |
Decatur Hosp. Auth. Rev., Wise Regl. Hlth. Sys., Series A, Rfdg. | 5.250 | 09/01/44 | 1,370 | 1,526,084 | |
Grand Parkway Trans. Corp. Rev., 1st Tier Toll Rev., Series A | 5.125 | 10/01/43 | 2,000 | 2,167,240 | |
Gulf Coast Wste. Disp. Auth. Rev., | |||||
Exxon Proj., Rfdg., FRDD (Mandatory put date 06/01/21) | 0.020(cc) | 10/01/24 | 600 | 600,000 | |
ExxonMobil Proj., FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 06/01/30 | 600 | 600,000 | |
ExxonMobil Proj., FRDD (Mandatory put date 06/01/21) | 0.040(cc) | 09/01/25 | 2,550 | 2,550,000 |
19
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
Gulf Coast Wste. Disp. Auth. Rev., (cont’d.) | |||||
ExxonMobil Proj., FRDD (Mandatory put date 06/01/21) | 0.040 %(cc) | 12/01/25 | 15,530 | $15,530,000 | |
ExxonMobil Proj., Series A, FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 06/01/30 | 3,810 | 3,810,000 | |
ExxonMobil Proj., Series B, FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 06/01/25 | 200 | 200,000 | |
Houston Arpt. Sys. Rev., | |||||
Series B-1, AMT | 5.000 | 07/15/35 | 2,000 | 2,210,860 | |
Spl. Facs. Cont. Airlines, Inc., Series A, Rfdg., AMT | 6.625 | 07/15/38 | 1,500 | 1,509,690 | |
Sub. Lien, Series A, Rfdg., AMT (Pre-refunded date 07/01/21)(ee) | 5.000 | 07/01/25 | 250 | 250,940 | |
Sub. Lien, Series A, Rfdg., AMT (Pre-refunded date 07/01/22)(ee) | 5.000 | 07/01/32 | 1,000 | 1,050,070 | |
United Airlines, Inc., Rfdg., AMT | 5.000 | 07/15/27 | 500 | 585,580 | |
Houston Higher Ed. Fin. Corp. Rev., Cosmos Fndtn., Inc., Series A | 5.000 | 02/15/42 | 1,250 | 1,281,588 | |
Kerryville Hlth. Facs. Dev. Corp. Rev., Peterson Regl. Med. Ctr. Proj., Rfdg. | 5.000 | 08/15/35 | 3,000 | 3,513,900 | |
Lower Neches Vlly. Auth. Indl. Dev. Corp. Rev., ExxonMobil Proj., Series B, Rfdg., FRDD (Mandatory put date 06/01/21) | 0.030(cc) | 11/01/29 | 6,260 | 6,260,000 | |
Matagorda Cnty. Nav. Dist. No. 1, Poll. Ctrl. Rev., | |||||
AEP Texas Central Co. Proj., Series B-1, Rfdg. | 4.000 | 06/01/30 | 1,000 | 1,065,680 | |
AEP Texas Central Co. Proj., Series B-2, Rfdg. | 4.000 | 06/01/30 | 1,800 | 1,918,314 | |
Mission Econ. Dev. Corp. Rev., Natgosoline Proj., Sr. Lien, Rfdg., AMT, 144A | 4.625 | 10/01/31 | 2,000 | 2,117,880 | |
New Hope Cultural Ed. Facs. Fin. Corp. Rev., | |||||
Jubilee Academic Ctr., Series A, Rfdg., 144A | 4.000 | 08/15/26 | 1,375 | 1,380,582 | |
Jubilee Academic Ctr., Series A, Rfdg., 144A | 5.000 | 08/15/46 | 2,000 | 2,007,220 | |
MRC Crestview, Rfdg. | 5.000 | 11/15/46 | 1,150 | 1,205,511 | |
North Texas Twy. Auth. Rev., | |||||
2nd Tier, Rfdg. | 5.000 | 01/01/48 | 1,250 | 1,529,212 | |
2nd Tier, Series A, Rfdg. | 4.000 | 01/01/38 | 2,000 | 2,220,820 | |
2nd Tier, Series B, Rfdg. | 3.000 | 01/01/51 | 2,000 | 2,124,220 | |
Port Beaumont Navigation Dist. Rev., Jefferson Gulf Coast, Rfdg., AMT, 144A | 4.000 | 01/01/50 | 2,000 | 2,067,580 | |
Pottsboro Higher Ed. Fin. Corp. Rev., Series A | 5.000 | 08/15/46 | 1,000 | 1,087,730 | |
Tarrant Cnty. Cultural Ed. Facs. Fin. Corp. Rev., | |||||
Barton Creek Sr. Living Ctr., Rfdg. | 5.000 | 11/15/40 | 1,100 | 1,219,097 | |
Trinity Terrace Proj., Series A-1, Rfdg. | 5.000 | 10/01/44 | 1,000 | 1,087,190 |
20
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
Texas Muni. Gas Acq. & Sply. Corp. Rev., Sr. Lien, Series A | 5.250 % | 12/15/26 | 4,100 | $5,043,533 | |
Texas Priv. Activ. Surf. Trans. Corp. Rev., | |||||
LBJ Infrastructure Grp. LLC, Series A, Rfdg. | 4.000 | 06/30/40 | 500 | 589,610 | |
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 6.750 | 06/30/43 | 500 | 561,450 | |
Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 7.000 | 12/31/38 | 1,500 | 1,696,995 | |
81,065,090 | |||||
Utah 0.2% | |||||
Salt Lake City Corp. Arpt. Rev., Series A, AMT | 5.000 | 07/01/47 | 1,100 | 1,287,198 | |
Utah Cnty. Hosp. Rev., IHC Hlth. Svcs., Inc., Series A | 4.000 | 05/15/43 | 510 | 606,405 | |
1,893,603 | |||||
Virginia 1.5% | |||||
City of Chesapeake Expressway Toll Road Rev., Transn. Sys., Sr. Series B, Rfdg., CABS (Convert to Fixed on 07/15/23) | 0.000(cc) | 07/15/40 | 1,000 | 1,096,120 | |
Norfolk Econ. Dev. Auth. Rev., Sentara Healthcare, Series B, Rfdg. | 4.000 | 11/01/48 | 2,000 | 2,286,960 | |
Virginia Small Bus. Fing. Auth. Rev., | |||||
National Sr. Campuses, Inc., Rfdg. | 4.000 | 01/01/51 | 1,750 | 1,929,113 | |
Sr. Lien, Elizabeth River Crossings OpCo LLC Proj. | 5.250 | 01/01/32 | 2,055 | 2,157,873 | |
Sr. Lien, Elizabeth River Crossings OpCo LLC Proj. | 5.500 | 01/01/42 | 3,000 | 3,147,570 | |
Sr. Lien, Express Lanes LLC Proj. | 5.000 | 01/01/40 | 4,780 | 4,898,400 | |
15,516,036 | |||||
Washington 1.4% | |||||
Port of Seattle Indl. Dev. Corp. Rev., Spl. Facs., Delta Airlines, Rfdg., AMT | 5.000 | 04/01/30 | 1,000 | 1,066,360 | |
Skagit Cnty. Pub. Hosp. Dist. No. 1 Rev., Rfdg. & Impvt., Series A | 5.000 | 12/01/37 | 3,000 | 3,306,690 | |
Tob. Settlement Auth. Wash. Rev., Rfdg. | 5.250 | 06/01/32 | 1,160 | 1,162,807 | |
Washington Healthcare Facs. Auth. Rev., | |||||
Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | 07/01/38 | 1,100 | 1,233,892 | |
Overlake Hosp. Med. Ctr., Series A | 4.000 | 07/01/42 | 2,500 | 2,804,800 |
21
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Washington (cont’d.) | |||||
Washington St. Hsg. Fin. Commn. Rev., | |||||
Rockwood Retmnt. Cmnty. Proj., Series A, Rfdg., 144A | 7.375 % | 01/01/44 | 2,000 | $2,231,800 | |
Social Certificate, Series A-1 | 3.500 | 12/20/35 | 2,000 | 2,327,960 | |
14,134,309 | |||||
West Virginia 0.2% | |||||
West Virginia Hosp. Fin. Auth. Rev., Cabell Huntington Hosp. Oblig. Grp., Series A, Rfdg. | 4.125 | 01/01/47 | 1,500 | 1,686,015 | |
Wisconsin 1.5% | |||||
Pub. Fin. Auth. Rev., | |||||
Bancroft Neurohealth Proj., Series A, 144A | 5.125 | 06/01/48 | 1,000 | 1,095,590 | |
Corvian Cmnty. Sch., Series A, 144A | 5.000 | 06/15/49 | 1,000 | 1,067,760 | |
Corvian Cmnty. Sch., Series A, 144A | 5.125 | 06/15/47 | 2,000 | 2,094,720 | |
Mountain Island Chrt. Sch., Series L, Rfdg. | 5.000 | 07/01/47 | 1,000 | 1,079,790 | |
Sr. MD Proton Treatment Ctr., Series A-1, 144A | 6.250 | 01/01/38 | 1,750 | 1,561,507 | |
Sr. MD Proton Treatment Ctr., Series A-1, 144A | 6.375 | 01/01/48 | 3,000 | 2,534,460 | |
Sr. Oblig. Grp., Series B, Rfdg., AMT | 5.000 | 07/01/42 | 1,500 | 1,560,240 | |
Sr. Oblig. Grp., Series B, Rfdg., AMT | 5.250 | 07/01/28 | 1,000 | 1,049,950 | |
Wonderful Fndtn. Chrt. Sch. Port., Series A-1, 144A | 5.000 | 01/01/55 | 1,600 | 1,768,432 | |
Wisconsin Hlth. & Edl. Facs. Auth. Rev., Ascension Hlth. Alliance, Rmkt., Series B-1, Rfdg. | 4.000 | 11/15/43 | 1,500 | 1,732,755 | |
15,545,204 | |||||
Total Long-Term Investments (cost $916,731,660) | 1,005,755,630 | ||||
Short-Term Investment 0.9% | |||||
Municipal Bond | |||||
Texas | |||||
Texas St. Rev., TRANS (cost $8,935,916) | 4.000 | 08/26/21 | 8,855 | 8,935,315 | |
TOTAL INVESTMENTS 100.0% (cost $925,667,576) | 1,014,690,945 | ||||
Other assets in excess of liabilities(z) 0.0% | 170,290 | ||||
Net Assets 100.0% | $1,014,861,235 |
22
PGIM Muni High Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
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 | |
BAM—Build America Mutual | |
CABS—Capital Appreciation Bonds | |
CDD—Community Development District | |
COP—Certificates of Participation | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
TRANS—Tax and Revenue Anticipation Notes |
# | 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 0.0% of net assets. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of May 31, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(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 May 31, 2021. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
Futures contracts outstanding at May 31, 2021: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Position: | ||||||||
30 | 20 Year U.S. Treasury Bonds | Sep. 2021 | $4,695,938 | $(15,854) |
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