# EDGAR Filing Document

**Accession Number:** 0000807394
**File Stem:** 0001752724-23-012632
**Filing Date:** 2023-1
**Character Count:** 271038
**Document Hash:** 3142ef236f4719acda3924ea8031ff32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012632.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012632

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 4
- **CENTRAL INDEX KEY:** 0000807394
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04930
- **FILM NUMBER:** 23552062

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 20030709

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL BACHE MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19910527

## Series and Classes Contracts Data

### PGIM Muni High Income Fund (Series ID: S000004643)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012650 | Class Z      | PHIZX           |
| C000012651 | Class A      | PRHAX           |
| C000012653 | Class C      | PHICX           |
| C000190115 | Class R6     | PHIQX           |

## Nport-Ex

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 99.5%** | **Long-Term Investments 99.5%** | **Long-Term Investments 99.5%** | **Long-Term Investments 99.5%** | **Long-Term Investments 99.5%** |
| **Municipal Bonds 96.9%** | **Municipal Bonds 96.9%** | **Municipal Bonds 96.9%** | **Municipal Bonds 96.9%** | **Municipal Bonds 96.9%** |
| **Alabama 1.8%** | **Alabama 1.8%** | **Alabama 1.8%** | **Alabama 1.8%** | **Alabama 1.8%** |
| Black Belt Energy Gas Dist. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj. No. 8, Series A (Mandatory put date 12/01/29) | 4.000 %(cc) | &nbsp;&nbsp;12/01/52 | 4035 | &nbsp;&nbsp; $3836896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj., Series E (Mandatory put date 06/01/28) | 5.000(cc) | &nbsp;&nbsp;05/01/53 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4174661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. Series B-1 (Mandatory put date 10/01/27) | 4.000(cc) | &nbsp;&nbsp;04/01/53 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2945906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D1, Rfdg. (Mandatory put date 06/01/27) | 4.000(cc) | &nbsp;&nbsp;07/01/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004274 |
| Jefferson Cnty. Swr. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.000 | &nbsp;&nbsp;10/01/44 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.250 | &nbsp;&nbsp;10/01/48 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514674 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12987642 |
| **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** |
| Alaska Indl. Dev. & Export Auth. Rev.,<br> Tanana Chiefs Conference Proj., Series A | 4.000 | &nbsp;&nbsp;10/01/49 | 4320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3796170 |
| North. Tob. Secur. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/50 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1711050 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B-2, Class 2, Rfdg., CABS | 3.400(t) | &nbsp;&nbsp;06/01/66 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108598 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5615818 |
| **Arizona 5.1%** | **Arizona 5.1%** | **Arizona 5.1%** | **Arizona 5.1%** | **Arizona 5.1%** |
| Arizona Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basis Schs. Proj., Series A, Rfdg., 144A | 5.375 | &nbsp;&nbsp;07/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;968192 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cadence Campus Proj., Series A, 144A | 4.000 | &nbsp;&nbsp;07/15/50 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1241495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pinecrest Academy of North. Proj., Series A, 144A | 4.500 | &nbsp;&nbsp;07/15/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1945012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pinecrest Academy-Horizon Inspirada & St. Rose Campus, Series A, 144A | 5.750 | &nbsp;&nbsp;07/15/48 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Somerset Academy of LV-Aliante & Skye Canyon Campus Proj., Series A, 144A | 4.000 | &nbsp;&nbsp;12/15/51 | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550744 |
| Glendale Indl. Dev. Auth. Rev.,<br> Royal Oaks Inspirata Pointe Proj., Series A | 5.000 | &nbsp;&nbsp;05/15/56 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1364008 |
| Maricopa Cnty. Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Metals Co. Proj., AMT, 144A | 4.000 | &nbsp;&nbsp;10/15/47 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2784845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Horizon Cmnty. Learning Ctr., Rfdg. | 5.000 | &nbsp;&nbsp;07/01/35 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1919312 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reid Traditional Schs. Projs. | 5.000 | &nbsp;&nbsp;07/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;964436 |
| Phoenix City Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basis Schs. Projs., Rfdg., 144A | 5.000 | &nbsp;&nbsp;07/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938109 |
| &nbsp;&nbsp;&nbsp;&nbsp;Basis Schs. Projs., Series A, Rfdg., 144A | 5.000 | &nbsp;&nbsp;07/01/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grt. Hearts Academies Proj. | 5.000 | &nbsp;&nbsp;07/01/44 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2214859 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** |
| Pima Cnty. Indl. Dev. Auth. Rev.,<br> Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000% | &nbsp;&nbsp;09/01/29 | &nbsp;&nbsp;3000 | &nbsp;&nbsp; $3000739 |
| Salt Verde Finl. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Gas Rev., Sr. Bonds | 5.000 | &nbsp;&nbsp;12/01/32 | &nbsp;&nbsp;4890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5100140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Gas Rev., Sr. Bonds | 5.000 | &nbsp;&nbsp;12/01/37 | &nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9249248 |
| Tempe Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Vlg. | 5.000 | &nbsp;&nbsp;12/01/50 | &nbsp;&nbsp;1045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;839847 |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Vlg., Series B | 4.000 | &nbsp;&nbsp;12/01/56 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;645938 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36169058 |
| **California 7.0%** | **California 7.0%** | **California 7.0%** | **California 7.0%** | **California 7.0%** |
| California Cmnty. Choice Fing. Auth. Rev.,<br> Green Bond, Series A-1 (Mandatory put date 08/01/28) | 4.000(cc) | &nbsp;&nbsp;05/01/53 | &nbsp;&nbsp;3850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3857332 |
| California Cnty. Tob. Secur. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/49 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B-1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/49 | &nbsp;&nbsp;1695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1704430 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B-2, Rfdg., CABS | 5.350(t) | &nbsp;&nbsp;06/01/55 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536089 |
| California Infrast. & Econ. Dev. Bank Rev.,<br> Sr. Bonds, WFCS Port. Proj., Series A-1, 144A | 5.000 | &nbsp;&nbsp;01/01/56 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503456 |
| California Muni. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 144A | 5.500 | &nbsp;&nbsp;06/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711674 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Tax, Cmnty. Facs. Dist. No. 2021-11 | 5.000 | &nbsp;&nbsp;09/01/57 | &nbsp;&nbsp;2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2042306 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Airlines, Inc. Proj., AMT | 4.000 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4815544 |
| California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev.,<br> Green Bond, Calplant I Proj., AMT, 144A^ | 8.000 | &nbsp;&nbsp;07/01/39(d) | &nbsp;&nbsp;2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660000 |
| California Sch. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alliance Clg.-Ready Pub. Schs., Series A, 144A | 5.000 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752833 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP LA Proj., Series A, 144A | 5.000 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652429 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP LA Proj., Series A, 144A | 5.000 | &nbsp;&nbsp;07/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;823976 |
| California Statewide Cmntys. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;899 Charleston Proj., Series A, Rfdg., 144A | 5.250 | &nbsp;&nbsp;11/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626773 |
| &nbsp;&nbsp;&nbsp;&nbsp;CHF Irvine LLC, Rfdg. | 5.000 | &nbsp;&nbsp;05/15/29 | &nbsp;&nbsp;1405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1450439 |
| &nbsp;&nbsp;&nbsp;&nbsp;CHF Irvine LLC, Rfdg. | 5.000 | &nbsp;&nbsp;05/15/40 | &nbsp;&nbsp;1030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1043367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loma Linda Univ. Med. Ctr., Series A, 144A | 5.250 | &nbsp;&nbsp;12/01/43 | &nbsp;&nbsp;4475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4488804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loma Linda Univ. Med. Ctr., Series A, Rfdg. | 5.250 | &nbsp;&nbsp;12/01/44 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2509345 |
| Freddie Mac Multifamily Variable Rate Certificate Rev.,<br> Sustainability Bonds, Series ML-13, Class X | 0.953 | &nbsp;&nbsp;07/25/36 | 34393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2001067 |
| Golden St. Tob. Secur. Corp., Tob. Settlement Rev.,<br> Sub. Series B-2, Rfdg., CABS | 3.750(t) | &nbsp;&nbsp;06/01/66 | 21150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2261453 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** |
| Inland Vlly. Dev. Agcy.,<br> Tax Alloc., Series A, Rfdg. | 5.000% | &nbsp;&nbsp;09/01/44 | 1000 | &nbsp;&nbsp; $1008396 |
| Irvine Unified Sch. Dist.,<br> Spl. Tax, Series A | 4.000 | &nbsp;&nbsp;09/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843657 |
| Lincoln Pub. Fing. Auth.,<br> Tax Alloc., Twelve Bridges, Sub. Series B, Rfdg. | 6.000 | &nbsp;&nbsp;09/02/27 | &nbsp;&nbsp;&nbsp;728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729806 |
| Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;11/15/35 | 3830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3930031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.500 | &nbsp;&nbsp;11/15/37 | &nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;733956 |
| M-S-R Energy Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 6.500 | &nbsp;&nbsp;11/01/39 | 2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2481583 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 7.000 | &nbsp;&nbsp;11/01/34 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1994953 |
| North. California Tob. Secur. Auth. Rev.,<br> Sr. Sacramento Co. Tob. Sec. Corp., Series B-2, Class 2, Rfdg., CABS | 3.750(t) | &nbsp;&nbsp;06/01/60 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522191 |
| Riverside Cnty. Pub. Fing. Auth. Rev.,<br> Cap. Facs. Proj. (Pre-refunded date 11/01/25)(ee) | 5.250 | &nbsp;&nbsp;11/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078065 |
| Sacramento, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Tax | 4.000 | &nbsp;&nbsp;09/01/46 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621755 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Tax | 4.000 | &nbsp;&nbsp;09/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;802051 |
| San Diego Cnty. Regl. Arpt. Auth. Rev.,<br> Sub. Series B, AMT | 5.000 | &nbsp;&nbsp;07/01/51 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1534299 |
| Santa Margarita Wtr. Dist.,<br> Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 | 5.625 | &nbsp;&nbsp;09/01/36 | &nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;653363 |
| Southern California Tob. Secur. Auth. Rev.,<br> San Diego Co. Tob., Rfdg., CABS | 5.625(t) | &nbsp;&nbsp;06/01/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;526477 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49771021 |
| **Colorado 3.8%** | **Colorado 3.8%** | **Colorado 3.8%** | **Colorado 3.8%** | **Colorado 3.8%** |
| Colorado Edl. & Cultural Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impt. Chrt. Sch., Skyview Academy Proj., Rfdg., 144A | 5.375 | &nbsp;&nbsp;07/01/44 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1295354 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impt. Chrt. Sch., Univ. LA, Rfdg., 144A | 5.000 | &nbsp;&nbsp;12/15/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;11/01/44 | &nbsp;&nbsp;&nbsp;885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851010 |
| Colorado Hlth. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Living Cmntys., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;12/01/50 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1628055 |
| &nbsp;&nbsp;&nbsp;&nbsp;Covenant Retmnt. Cmntys., Rfdg. | 5.000 | &nbsp;&nbsp;12/01/35 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1262818 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impt. Bonds, Chrisitna Living Neighborhoods, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754465 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vail Vlly. Med. Ctr. Proj. | 4.000 | &nbsp;&nbsp;01/15/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1749811 |
| Denver City & Cnty. Arpt. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;11/15/47 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253709 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.500 | &nbsp;&nbsp;11/15/40 | 5250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5714552 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** |
| Denver City & Cnty. Arpt. Sys. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, AMT, Rfdg. | 5.750% | &nbsp;&nbsp;11/15/35 | 2000 | &nbsp;&nbsp; $2273449 |
| Heritage Ridge Met. Dist., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, GO, Rfdg., AGM | 4.000 | &nbsp;&nbsp;12/01/42 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, GO, Rfdg., AGM | 4.000 | &nbsp;&nbsp;12/01/51 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763746 |
| Park Creek Met. Dist. Ltd. Ppty. Tax Alloc. Rev.,<br> Sr. Ltd. Prop. TA., Rfdg. | 5.000 | &nbsp;&nbsp;12/01/45 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1523038 |
| Plaza Co. Met. Dist. No. 1,<br> Tax Alloc., Rfdg., 144A | 5.000 | &nbsp;&nbsp;12/01/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929504 |
| Pub. Auth. Energy Nat. Gas Pur. Rev.,<br> Nat. Gas Util. Imps. | 6.500 | &nbsp;&nbsp;11/15/38 | 4045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4740283 |
| Rampart Range Met. Dist. No. 5 Rev.,<br> Spl. Assmt. | 4.000 | &nbsp;&nbsp;12/01/51 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;346595 |
| Sterling Ranch Cmnty. Auth. Brd. Rev.,<br> Series A, Rfdg. | 4.250 | &nbsp;&nbsp;12/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765578 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27139829 |
| **Connecticut 0.3%** | **Connecticut 0.3%** | **Connecticut 0.3%** | **Connecticut 0.3%** | **Connecticut 0.3%** |
| Harbor Point Infrast. Impt. Dist.,<br> Tax Alloc., Harbor Point Proj., Rfdg., 144A | 5.000 | &nbsp;&nbsp;04/01/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1978452 |
| **Delaware 0.3%** | **Delaware 0.3%** | **Delaware 0.3%** | **Delaware 0.3%** | **Delaware 0.3%** |
| Delaware St. Econ. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Aspira of Delaware Chrt. Sch. Inc. Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/42 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689233 |
| &nbsp;&nbsp;&nbsp;&nbsp;Aspira of Delaware Chrt. Sch. Inc. Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/52 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Newark Chrt. Sch. Inc., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/46 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501221 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2182155 |
| **District of Columbia 2.8%** | **District of Columbia 2.8%** | **District of Columbia 2.8%** | **District of Columbia 2.8%** | **District of Columbia 2.8%** |
| Dist. of Columbia Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dist. of Columbia Intl. Oblig. Grp. | 5.000 | &nbsp;&nbsp;07/01/54 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2053406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Pub. Chrt. Sch. (Pre-refunded date 12/01/22)(ee) | 5.000 | &nbsp;&nbsp;06/01/42 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | &nbsp;&nbsp;07/01/43 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867196 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | &nbsp;&nbsp;07/01/48 | &nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739673 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP DC Iss., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/37 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1281175 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **District of Columbia (cont'd.)** | **District of Columbia (cont'd.)** | **District of Columbia (cont'd.)** | **District of Columbia (cont'd.)** | **District of Columbia (cont'd.)** |
| Dist. of Columbia Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP DC Proj. | 4.000% | &nbsp;&nbsp;07/01/49 | 1000 | &nbsp;&nbsp; $845785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;06/01/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1504029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;06/01/55 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1372499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rocketship DC Oblig. Grp., Series A, 144A | 5.000 | &nbsp;&nbsp;06/01/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1836117 |
| Metropolitan Washington D.C. Arpts. Auth. Avtn. Sys. Rev.,<br> Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/29 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4316705 |
| Metropolitan Washington D.C. Arpts. Auth. Sys. Rev.,<br> Dulles Toll Rd., Sub. Series B, Rfdg. | 4.000 | &nbsp;&nbsp;10/01/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1777650 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20094235 |
| **Florida 9.6%** | **Florida 9.6%** | **Florida 9.6%** | **Florida 9.6%** | **Florida 9.6%** |
| Broward Cnty. Arpt. Sys. Rev.,<br> Series A, AMT (Pre-refunded date 10/01/23)(ee) | 5.250 | &nbsp;&nbsp;10/01/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528966 |
| Broward Cnty. Port Facs. Rev.,<br> Sr. Bonds, Series B, AMT | 4.000 | &nbsp;&nbsp;09/01/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1740468 |
| Capital Tr. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Air Cargo, Aero Miami FX LLC, Sr. Lien, Series A, Rfdg. | 5.350 | &nbsp;&nbsp;07/01/29 | 1360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1361860 |
| &nbsp;&nbsp;&nbsp;&nbsp;Edl. Growth Fund LLC Chrt. Sch. Port. Proj., Series A-1, 144A | 5.000 | &nbsp;&nbsp;07/01/56 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;882989 |
| &nbsp;&nbsp;&nbsp;&nbsp;WFCS Port. Proj., Series A-1, 144A | 5.000 | &nbsp;&nbsp;01/01/56 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wonderful Fndtn. Chrt. Sch. Port., Series A-1, 144A | 5.000 | &nbsp;&nbsp;01/01/55 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2551579 |
| Cityplace CDD.,<br> Spl. Assmt., Rfdg. | 5.000 | &nbsp;&nbsp;05/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046101 |
| Cnty. of Miami-Dade FL Avtn. Rev.,<br> Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006940 |
| Florida Dev. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Central Chrt. Sch., Proj., Rfdg., 144A | 6.000 | &nbsp;&nbsp;08/15/57 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1855079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Glendridge on Palmer Ranch Proj., Rfdg. | 5.000 | &nbsp;&nbsp;06/01/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1660063 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mater Academy Proj., Series A | 5.000 | &nbsp;&nbsp;06/15/55 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Renaissance Chrt. Sch., Rfdg., 144A | 5.000 | &nbsp;&nbsp;09/15/50 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1589332 |
| &nbsp;&nbsp;&nbsp;&nbsp;River City Science Academy Proj., Series A | 4.000 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;&nbsp;565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470441 |
| &nbsp;&nbsp;&nbsp;&nbsp;River City Science Academy Proj., Series A | 4.000 | &nbsp;&nbsp;07/01/55 | 2460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1853013 |
| Florida Higher Edl. Facs. Finl. Auth. Rev.,<br> Ringling Clg. Proj. | 5.000 | &nbsp;&nbsp;03/01/42 | 4795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4822010 |
| Grtr. Orlando Avtn. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Priority Sub. Series A, AMT | 4.000 | &nbsp;&nbsp;10/01/52 | 3350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2845169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Priority Sub. Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/52 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006190 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Purp., JetBlue Airways Corp. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;11/15/36 | 4700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4703277 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** |
| Indigo Cmnty. Dev. Dist.,<br> Spl. Assmt.^ | 5.750% | &nbsp;&nbsp;05/01/36(d) | &nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp; $751222 |
| Jacksonville Rev.,<br> Brooks Rehabitation Proj., Rfdg. | 4.000 | &nbsp;&nbsp;11/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;901591 |
| Lakewood Ranch Stewardship Dist., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Lakewood Centre North Proj. | 4.875 | &nbsp;&nbsp;05/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Lakewood Nat'l. & Polo Run Projs. | 4.625 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Lakewood Nat'l. & Polo Run Projs. | 5.375 | &nbsp;&nbsp;05/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., N E Sector Proj., Phase 1B | 5.450 | &nbsp;&nbsp;05/01/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., N E Sector Proj., Phase 2B, Rfdg., 144A | 4.000 | &nbsp;&nbsp;05/01/50 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Stewardship Dist., Azario Proj. | 4.000 | &nbsp;&nbsp;05/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Vlg. Lakewood Ranch S. Proj. | 4.250 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148394 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Vlg. Lakewood Ranch S. Proj. | 5.125 | &nbsp;&nbsp;05/01/46 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1127806 |
| Midtown Miami Cmnty. Dev. Dist.,<br> Spl. Assmt., Pkg. Garage Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;05/01/37 | 1980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1947733 |
| Orange Cnty. Hlth. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Orlando Hlth. Oblig. Grp. | 4.000 | &nbsp;&nbsp;10/01/52 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1763540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Orlando Hlth. Oblig. Grp., Series A | 4.000 | &nbsp;&nbsp;10/01/49 | 3450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3040984 |
| &nbsp;&nbsp;&nbsp;&nbsp;Presbyterian Retmnt. Cmnty. Oblig. Grp. Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;08/01/47 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4024569 |
| Osceola Cnty. Trans. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. | 4.000 | &nbsp;&nbsp;10/01/54 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1201921 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, Rfdg., CABS | 3.660(t) | &nbsp;&nbsp;10/01/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171718 |
| Palm Beach Cnty. Hlth. Facs. Auth. Rev.,<br> BRRH Corp. Oblig. Grp., Rfdg. (Pre-refunded date 12/01/24)(ee) | 5.000 | &nbsp;&nbsp;12/01/31 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522801 |
| Pompano Beach Rev.,<br> John Knox Vlg. Proj., Entrance Fee, Series B-2 | 1.450 | &nbsp;&nbsp;01/01/27 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1786134 |
| South Miami Hlth. Facs. Auth., Inc. Rev.,<br> Baptist Hlth. South Florida, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/47 | 2105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2135894 |
| St. Johns Cnty. Indl. Dev. Auth. Rev.,<br> Vicar's Landing Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;12/15/46 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1109338 |
| Tallahassee Hlth. Facs. Mem. Rev.,<br> Tallahassee Mem. Hlth., Inc., Series A | 5.000 | &nbsp;&nbsp;12/01/55 | 1430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435726 |
| Vlg. CDD No. 07,<br> Spl. Assmt., Fla., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/36 | 1705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1697302 |
| Vlg. CDD No. 10,<br> Spl. Assmt., Fla. | 6.000 | &nbsp;&nbsp;05/01/44 | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;704363 |
| Vlg. CDD No. 11,<br> Spl. Assmt., Fla. | 4.500 | &nbsp;&nbsp;05/01/45 | 1260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1195655 |
| Vlg. CDD No. 12,<br> Spl. Assmt., Fla., 144A | 4.250 | &nbsp;&nbsp;05/01/43 | 2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2347219 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** |
| Vlg. CDD No. 13, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Fla. | 3.550% | &nbsp;&nbsp;05/01/39 | &nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp; $391338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Fla. | 3.700 | &nbsp;&nbsp;05/01/50 | &nbsp;&nbsp;&nbsp;970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Fla., 144A | 3.500 | &nbsp;&nbsp;05/01/51 | 1185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824068 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68007073 |
| **Georgia 0.9%** | **Georgia 0.9%** | **Georgia 0.9%** | **Georgia 0.9%** | **Georgia 0.9%** |
| Burke Cnty. Dev. Auth. Rev.,<br> Oglethorpe Pwr. Corp.-Vogtle Proj., Series D, Rfdg. | 4.125 | &nbsp;&nbsp;11/01/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796875 |
| Main Street Natural Gas, Inc. Rev.,<br> Series A (Mandatory put date 09/01/27) | 4.000(cc) | &nbsp;&nbsp;07/01/52 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007226 |
| Priv. Clgs. & Univs. Auth. Rev.,<br> Savannah Clg. of Art & Design Proj. (Pre-refunded date 04/01/24)(ee) | 5.000 | &nbsp;&nbsp;04/01/44 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1547538 |
| Rockdale Cnty. Dev. Auth. Rev.,<br> Pratt Paper LLC Proj., Rfdg., AMT, 144A | 4.000 | &nbsp;&nbsp;01/01/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907600 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6259239 |
| **Guam 0.1%** | **Guam 0.1%** | **Guam 0.1%** | **Guam 0.1%** | **Guam 0.1%** |
| Guam Govt. Wtrwks. Auth. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;01/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000736 |
| **Hawaii 0.4%** | **Hawaii 0.4%** | **Hawaii 0.4%** | **Hawaii 0.4%** | **Hawaii 0.4%** |
| Hawaii St. Dept. Budget & Fin. Rev.,<br> Pac. Hlth. Oblig., Series A, Rfdg. | 5.500 | &nbsp;&nbsp;07/01/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2543358 |
| **Illinois 14.3%** | **Illinois 14.3%** | **Illinois 14.3%** | **Illinois 14.3%** | **Illinois 14.3%** |
| Chicago Brd. of Ed., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000 | &nbsp;&nbsp;12/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, 144A | 7.000 | &nbsp;&nbsp;12/01/46 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625884 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 4.000 | &nbsp;&nbsp;12/01/27 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/35 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;493440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 7.000 | &nbsp;&nbsp;12/01/44 | 3390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3590330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 5.250 | &nbsp;&nbsp;12/01/35 | 1015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;12/01/46 | 2470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2345167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series G, GO, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/34 | 2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2139377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series H, GO | 5.000 | &nbsp;&nbsp;12/01/46 | 2390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2244135 |
| Chicago Brd. of Ed. Rev.,<br> Spl. Tax | 6.000 | &nbsp;&nbsp;04/01/46 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571672 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** |
| Chicago O'Hare Int'l. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gen., Sr. Lien, Series B, Rfdg., AGM | 4.000% | &nbsp;&nbsp;01/01/53 | 3005 | &nbsp;&nbsp; $2698780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gen., Sr. Lien, Series C, Rfdg., AMT | 5.375 | &nbsp;&nbsp;01/01/39 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1501968 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg., AMT | 4.375 | &nbsp;&nbsp;01/01/40 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1914243 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A, AMT | 5.500 | &nbsp;&nbsp;01/01/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2098569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trips Oblig. Grp., AMT | 5.000 | &nbsp;&nbsp;07/01/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998224 |
| Chicago Trans. Auth. Rev.,<br> Series A, Rfdg. | 4.000 | &nbsp;&nbsp;12/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886727 |
| Chicago Wstewtr. Transmn. Rev.,<br> 2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/39 | 3355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3393528 |
| Chicago, IL, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2003-B, GO, Rfdg. (Escrowed to Maturity Date 01/01/23)(ee) | 5.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751448 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/27 | 1525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1559063 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1530069 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/33 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5033398 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.500 | &nbsp;&nbsp;01/01/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3038295 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 6.000 | &nbsp;&nbsp;01/01/38 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Exchange, GO, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/37 | 1461 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1247936 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/38 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2456652 |
| Illinois Edl. Facs. Auth. Rev.,<br> Field Museum of Natural History, Rmkt. | 4.450 | &nbsp;&nbsp;11/01/36 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1084299 |
| Illinois Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impt. Chicago Intl., Rfdg. | 5.000 | &nbsp;&nbsp;12/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northshore Univ. Hlth. Sys., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;08/15/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939362 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plymouth Place, Inc., Rfdg. | 5.000 | &nbsp;&nbsp;05/15/51 | 1835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1534828 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plymouth Place, Inc., Temps 40, Series B-3 | 4.750 | &nbsp;&nbsp;11/15/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005101 |
| &nbsp;&nbsp;&nbsp;&nbsp;Presence Hlth. Netw., Series C, Rfdg. (Pre-refunded date 02/15/27)(ee) | 4.000 | &nbsp;&nbsp;02/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10511 |
| &nbsp;&nbsp;&nbsp;&nbsp;Presence Hlth. Netw., Series C, Rfdg. (Pre-refunded date 02/15/27)(ee) | 4.000 | &nbsp;&nbsp;02/15/41 | &nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Presence Hlth. Netw., Series C, Unrefunded, Rfdg. | 4.000 | &nbsp;&nbsp;02/15/41 | 5725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5564618 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Carle Fndtn., Series A, Rfdg. | 3.000 | &nbsp;&nbsp;08/15/48 | 3580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2583849 |
| Illinois St., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 4.000 | &nbsp;&nbsp;06/01/36 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2804778 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;04/01/31 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2026764 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;01/01/32 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1418904 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;05/01/33 | &nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960969 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;05/01/36 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013484 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;02/01/39 | 2215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2223471 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;05/01/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2008951 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** |
| Illinois St., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.250% | &nbsp;&nbsp;07/01/31 | 1000 | &nbsp;&nbsp; $1008265 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.500 | &nbsp;&nbsp;05/01/30 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1610104 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.500 | &nbsp;&nbsp;05/01/39 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2655651 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rebuild Illinois Prog., Series B, GO | 4.000 | &nbsp;&nbsp;11/01/35 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880395 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000 | &nbsp;&nbsp;12/01/39 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2533325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1308482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 5.000 | &nbsp;&nbsp;11/01/29 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2911951 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/26 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988201 |
| Regl. Trans. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 4.000 | &nbsp;&nbsp;06/01/38 | 4015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3992259 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 4.000 | &nbsp;&nbsp;06/01/39 | 3015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2996407 |
| Springfield Elec. Rev.,<br> Sr. Lien, Rfdg., AGM | 4.000 | &nbsp;&nbsp;03/01/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1384299 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101440096 |
| **Indiana 0.3%** | **Indiana 0.3%** | **Indiana 0.3%** | **Indiana 0.3%** | **Indiana 0.3%** |
| Valparaiso Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pratt Paper LLC Proj., AMT | 5.875 | &nbsp;&nbsp;01/01/24 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pratt Paper LLC Proj., AMT | 7.000 | &nbsp;&nbsp;01/01/44 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1529427 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1932690 |
| **Iowa 0.3%** | **Iowa 0.3%** | **Iowa 0.3%** | **Iowa 0.3%** | **Iowa 0.3%** |
| Iowa Tob. Settlement Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858141 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B-1, Class 2, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/49 | &nbsp;&nbsp;&nbsp;945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942633 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800774 |
| **Kansas 0.1%** | **Kansas 0.1%** | **Kansas 0.1%** | **Kansas 0.1%** | **Kansas 0.1%** |
| Wyandotte Cnty.-Kansas City Unified Govt. Rev.,<br> Legends Apts. Garage & West Lawn Proj. | 4.500 | &nbsp;&nbsp;06/01/40 | &nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736056 |
| **Kentucky 1.1%** | **Kentucky 1.1%** | **Kentucky 1.1%** | **Kentucky 1.1%** | **Kentucky 1.1%** |
| Henderson Rev.,<br> Pratt Paper LLC Proj., Series A, AMT, 144A | 4.700 | &nbsp;&nbsp;01/01/52 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445760 |
| Kentucky Pub. Energy Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Sply. Series C-1 (Mandatory put date 06/01/25) | 4.000(cc) | &nbsp;&nbsp;12/01/49 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497036 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** |
| Kentucky Pub. Energy Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1 (Mandatory put date 08/01/30) | 4.000 %(cc) | &nbsp;&nbsp;08/01/52 | 6700 | &nbsp;&nbsp; $6520516 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C (Mandatory put date 02/01/28) | 4.000(cc) | &nbsp;&nbsp;02/01/50 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491148 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7954460 |
| **Louisiana 0.6%** | **Louisiana 0.6%** | **Louisiana 0.6%** | **Louisiana 0.6%** | **Louisiana 0.6%** |
| Jefferson Parish Econ. Dev. & Port Dist. Rev.,<br> Kenner Discovery Hlth. Sciences Academy Proj., Series A, 144A | 5.625 | &nbsp;&nbsp;06/15/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1894862 |
| Louisiana Pub. Facs. Auth. Rev.,<br> Ochsner Clnc. Fndtn. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;05/15/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1008109 |
| Parish of St. James Rev.,<br> Nustar Logistics LP Proj., Rmkt., Series 2010, 144A | 6.350 | &nbsp;&nbsp;07/01/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073246 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3976217 |
| **Maryland 0.5%** | **Maryland 0.5%** | **Maryland 0.5%** | **Maryland 0.5%** | **Maryland 0.5%** |
| Frederick Cnty.,<br> Spl. Oblig. Tax, Sub. Series C, 144A | 4.000 | &nbsp;&nbsp;07/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840176 |
| Howard Cnty.,<br> Tax Alloc., Annapolis Junction Twn. Ctr. Proj. | 6.100 | &nbsp;&nbsp;02/15/44 | 1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1432207 |
| Maryland Econ. Dev. Corp. Poll. Ctrl. Rev.,<br> Transn. Facs. Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039069 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3311452 |
| **Michigan 0.6%** | **Michigan 0.6%** | **Michigan 0.6%** | **Michigan 0.6%** | **Michigan 0.6%** |
| Michigan Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/49 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1667753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B-1, Class 2, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/49 | &nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B-2, Class 2, Rfdg., CABS | 4.970(t) | &nbsp;&nbsp;06/01/65 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176032 |
| Summit Academy Rev.,<br> Rfdg.^ | 6.250 | &nbsp;&nbsp;11/01/25 | &nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369950 |
| Wayne Cnty. Arpt. Auth. Rev.,<br> Det. Met. Arpt., Series D, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1502019 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4318718 |
| **Minnesota 0.4%** | **Minnesota 0.4%** | **Minnesota 0.4%** | **Minnesota 0.4%** | **Minnesota 0.4%** |
| Hugo Rev.,<br> Chrt. Sch., Noble Academy Proj., Series A | 5.000 | &nbsp;&nbsp;07/01/44 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1141636 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Minnesota (cont'd.)** | **Minnesota (cont'd.)** | **Minnesota (cont'd.)** | **Minnesota (cont'd.)** | **Minnesota (cont'd.)** |
| St. Paul Hsg. & Redev. Auth. Hosp. Rev.,<br> Hlth. East Care Sys. Proj., Rfdg. (Pre-refunded date 11/15/25)(ee) | 5.000% | &nbsp;&nbsp;11/15/44 | 1000 | &nbsp;&nbsp; $1061863 |
| St. Paul Port Auth. Sol. Wste. Disp. Rev.,<br> Gerdau St. Paul Steel Mill Proj., Series 7, 144A | 4.500 | &nbsp;&nbsp;10/01/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943009 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3146508 |
| **Mississippi 0.6%** | **Mississippi 0.6%** | **Mississippi 0.6%** | **Mississippi 0.6%** | **Mississippi 0.6%** |
| Mississippi Bus. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sys. Energy Resources, Inc. Proj., Rfdg. | 2.375 | &nbsp;&nbsp;06/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1198204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Waste Proj. USA Inc., Rmkt., AMT (Mandatory put date 08/02/27), 144A | 5.000(cc) | &nbsp;&nbsp;02/01/36 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2893378 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4091582 |
| **Missouri 2.4%** | **Missouri 2.4%** | **Missouri 2.4%** | **Missouri 2.4%** | **Missouri 2.4%** |
| Lees Summit,<br> Tax Alloc., Impt. Summit Fair Proj., Rfdg., 144A | 4.875 | &nbsp;&nbsp;11/01/37 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1766895 |
| Missouri St. Hlth. & Edl. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BJC Hlth. Sys., Series A | 4.000 | &nbsp;&nbsp;01/01/45 | 2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1853708 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lutheran Sr. Svcs., Rfdg. | 4.000 | &nbsp;&nbsp;02/01/42 | 1115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911835 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lutheran Sr. Svcs., Rfdg. | 4.000 | &nbsp;&nbsp;02/01/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1539781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lutheran Sr. Svcs., Rfdg. | 5.000 | &nbsp;&nbsp;02/01/35 | 1770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1754491 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lutheran Sr. Svcs., Rfdg. | 5.000 | &nbsp;&nbsp;02/01/44 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3743620 |
| Poplar Bluff Regl. Trans. Dev. Dist. Rev.,<br> Transn. Sales Tax | 4.750 | &nbsp;&nbsp;12/01/42 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1990520 |
| St. Louis Cnty. Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Vlg. St. Louis Oblig. Grp., Series A | 5.250 | &nbsp;&nbsp;09/01/53 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1772969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Vlg. Sunset Hills, Series A | 5.875 | &nbsp;&nbsp;09/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001909 |
| &nbsp;&nbsp;&nbsp;&nbsp;St. Andrews Res. Srs. Oblig., Series A, Rfdg. | 5.125 | &nbsp;&nbsp;12/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;937737 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17273465 |
| **Nevada 0.3%** | **Nevada 0.3%** | **Nevada 0.3%** | **Nevada 0.3%** | **Nevada 0.3%** |
| Sparks Rev.,<br> Sales Tax, Sr. Series A, Rfdg., 144A | 2.750 | &nbsp;&nbsp;06/15/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889865 |
| Tahoe-Douglas Visitors Auth. Rev.,<br> Stateline | 5.000 | &nbsp;&nbsp;07/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987289 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1877154 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New Hampshire 0.3%** | **New Hampshire 0.3%** | **New Hampshire 0.3%** | **New Hampshire 0.3%** | **New Hampshire 0.3%** |
| New Hampshire Bus. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bond, Series B, Rfdg., AMT (Mandatory put date 07/02/40), 144A | 3.750 %(cc) | &nbsp;&nbsp;07/01/45 | 1000 | &nbsp;&nbsp; $780093 |
| &nbsp;&nbsp;&nbsp;&nbsp;Springpoint Sr. Living, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1647425 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2427518 |
| **New Jersey 6.0%** | **New Jersey 6.0%** | **New Jersey 6.0%** | **New Jersey 6.0%** | **New Jersey 6.0%** |
| New Jersey Econ. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Continental Airlines, Inc. Proj., Spec. Facs. | 5.250 | &nbsp;&nbsp;09/15/29 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4992239 |
| &nbsp;&nbsp;&nbsp;&nbsp;Continental Airlines, Inc., United Airlines, Inc. Proj. | 5.125 | &nbsp;&nbsp;09/15/23 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1365401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Continental Airlines, Inc., United Airlines, Inc. Proj., Series A, AMT | 5.625 | &nbsp;&nbsp;11/15/30 | 2275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2284593 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goethals Bridge, AMT | 5.375 | &nbsp;&nbsp;01/01/43 | 1390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1392586 |
| &nbsp;&nbsp;&nbsp;&nbsp;N. Star Academy Chrt. Sch., Newark | 5.000 | &nbsp;&nbsp;07/15/47 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1021920 |
| &nbsp;&nbsp;&nbsp;&nbsp;NJ Transit Trans. Proj. | 4.000 | &nbsp;&nbsp;11/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;906562 |
| &nbsp;&nbsp;&nbsp;&nbsp;NJ Transit Trans. Proj. | 5.000 | &nbsp;&nbsp;11/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2048461 |
| &nbsp;&nbsp;&nbsp;&nbsp;Port Newark Container, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/47 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2449049 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AAA | 5.000 | &nbsp;&nbsp;06/15/41 | 2020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2058477 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series DDD | 5.000 | &nbsp;&nbsp;06/15/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023939 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series WW, Rfdg. (Pre-refunded date 06/15/25)(ee) | 5.250 | &nbsp;&nbsp;06/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series WW, Unrefunded | 5.250 | &nbsp;&nbsp;06/15/40 | 1185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1208859 |
| &nbsp;&nbsp;&nbsp;&nbsp;St. House Proj., Rmkt., Series B | 5.000 | &nbsp;&nbsp;06/15/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Team Academy Chrt. Sch. Proj. | 6.000 | &nbsp;&nbsp;10/01/43 | 1700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1722783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Umm Energy Partners, Series A, AMT | 5.000 | &nbsp;&nbsp;06/15/37 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1499943 |
| &nbsp;&nbsp;&nbsp;&nbsp;Umm Energy Partners, Series A, AMT | 5.125 | &nbsp;&nbsp;06/15/43 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1085785 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Airlines, Inc. Proj., Rmkt. | 5.500 | &nbsp;&nbsp;06/01/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017064 |
| New Jersey Healthcare Facs. Fing. Auth. Rev.,<br> RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1538350 |
| New Jersey Tpke. Auth. Rev.,<br> Series D, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2294429 |
| New Jersey Trans. Tr. Fd. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Rfdg. | 4.000 | &nbsp;&nbsp;12/15/39 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470579 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Rfdg. | 5.000 | &nbsp;&nbsp;12/15/39 | &nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;575020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/36 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series AA | 5.000 | &nbsp;&nbsp;06/15/45 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1211330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series AA | 5.250 | &nbsp;&nbsp;06/15/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016595 |
| South Jersey Trans. Auth. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/39 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757167 |
| Tob. Settlement Fing. Corp. Rev.,<br> Sub. Series B, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/46 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5004090 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42342480 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New York 5.1%** | **New York 5.1%** | **New York 5.1%** | **New York 5.1%** | **New York 5.1%** |
| Build NYC Resource Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Friends of Hellenic Classical Chrt. Sch. Inc., Series A, 144A | 5.000% | &nbsp;&nbsp;12/01/51 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp; $415471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pratt Paper, Inc. Proj., Rfdg., AMT, 144A | 5.000 | &nbsp;&nbsp;01/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Richmond Prep. Chrt. Sch. Proj., Social Impact Proj., Series A, 144A | 5.000 | &nbsp;&nbsp;06/01/51 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1373527 |
| Erie Cnty. Tob. Asset Secur. Corp. Cap. Apprec. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Bkd., 1st Sub. Series B, Rfdg., CABS | 5.872(t) | &nbsp;&nbsp;06/01/47 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189039 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Bkd., 2nd Sub. Series C, Rfdg., CABS, 144A | 6.371(t) | &nbsp;&nbsp;06/01/50 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;406813 |
| Metropolitan Trans. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bond, Series C-1, Rfdg. | 5.250 | &nbsp;&nbsp;11/15/55 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2969555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bond, Series D1 | 5.000 | &nbsp;&nbsp;11/15/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974696 |
| New York City Indl. Dev. Agcy. Rev.,<br> Yankee Stadium Proj. Pilot, Rfdg. | 4.000 | &nbsp;&nbsp;03/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919244 |
| New York Liberty Dev. Corp. Rev.,<br> Green Bonds, 4 World Trade Ctr. Proj., Series A, Rfdg. | 3.000 | &nbsp;&nbsp;11/15/51 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700708 |
| New York St. Envir. Facs. Corp. Rev.,<br> Draw Down Casella Wste. Sys., Inc. Proj., Series R-1, AMT (Mandatory put date 09/02/25) | 2.750(cc) | &nbsp;&nbsp;09/01/50 | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521600 |
| New York Trans. Dev. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 4.000 | &nbsp;&nbsp;01/01/36 | 3475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3221779 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | &nbsp;&nbsp;01/01/26 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2038939 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | &nbsp;&nbsp;01/01/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines, Inc., Laguardia Arpt. Terms. C&D Redev., AMT | 5.000 | &nbsp;&nbsp;10/01/40 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2522843 |
| &nbsp;&nbsp;&nbsp;&nbsp;John F. Kennedy Int'l. Arpt. Proj., Rfdg., AMT | 5.250 | &nbsp;&nbsp;08/01/31 | &nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885165 |
| &nbsp;&nbsp;&nbsp;&nbsp;John F. Kennedy Int'l. Arpt. Proj., Rfdg., AMT | 5.375 | &nbsp;&nbsp;08/01/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Laguardia Arpt., Term. B Redev., Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/46 | 2995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2917227 |
| &nbsp;&nbsp;&nbsp;&nbsp;Laguardia Arpt., Term. B Redev., Series A, AMT | 5.250 | &nbsp;&nbsp;01/01/50 | 4480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4484126 |
| Suffolk Tob. Asset Secur. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B-2, Rfdg., CABS | 3.700(t) | &nbsp;&nbsp;06/01/66 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Settlement Asset Bkd. Sub. Bonds, Series B-1, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/50 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473125 |
| TSASC, Inc. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/41 | 4875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4965481 |
| Yonkers Econ. Dev. Corp. Rev.,<br> Chrt. Sch. Ed. Excellence Proj., Series A | 5.000 | &nbsp;&nbsp;10/15/49 | 1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1107384 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36250255 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **North Carolina 0.3%** | **North Carolina 0.3%** | **North Carolina 0.3%** | **North Carolina 0.3%** | **North Carolina 0.3%** |
| North Carolina Med. Care Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pennybyrn at Maryfield Proj., Rfdg. | 5.000% | &nbsp;&nbsp;10/01/35 | &nbsp;&nbsp;1000 | &nbsp;&nbsp; $981498 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Presbyterian Homes Oblig. Grp., Series A | 5.000 | &nbsp;&nbsp;10/01/50 | &nbsp;&nbsp;1155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1130172 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2111670 |
| **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** |
| Akron Bath Copley Joint Township Hosp. Dist. Rev.,<br> Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 3.000 | &nbsp;&nbsp;11/15/40 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2213414 |
| Buckeye Tob. Settlement Fing. Auth. Rev.,<br> Sr. Series B-2, Class 2, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/55 | 10120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9250803 |
| Cuyahoga Cnty. Hosp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Metro Hlth. Sys., Rfdg. | 5.000 | &nbsp;&nbsp;02/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;575 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559060 |
| &nbsp;&nbsp;&nbsp;&nbsp;Metro Hlth. Sys., Rfdg. | 5.250 | &nbsp;&nbsp;02/15/47 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009690 |
| Franklin Cnty. Hosp. Facs. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nationwide Children's Hosp. Proj. | 4.000 | &nbsp;&nbsp;11/01/45 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1761615 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ohio Hlth. Corp., Series A | 4.000 | &nbsp;&nbsp;05/15/47 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2332389 |
| Ohio Air Qlty. Dev. Auth. Rev.,<br> Pratt Paper OH LLC Proj., AMT, 144A | 4.500 | &nbsp;&nbsp;01/15/48 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;891276 |
| Ohio St. Pvt. Act. Rev.,<br> Portsmouth Bypass Proj., AMT | 5.000 | &nbsp;&nbsp;06/30/53 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;991182 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20009429 |
| **Oklahoma 1.5%** | **Oklahoma 1.5%** | **Oklahoma 1.5%** | **Oklahoma 1.5%** | **Oklahoma 1.5%** |
| Oklahoma Dev. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;OU Medicine Proj., Series B | 5.000 | &nbsp;&nbsp;08/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222661 |
| &nbsp;&nbsp;&nbsp;&nbsp;OU Medicine Proj., Series B | 5.250 | &nbsp;&nbsp;08/15/43 | &nbsp;&nbsp;5960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5260036 |
| &nbsp;&nbsp;&nbsp;&nbsp;OU Medicine Proj., Series B | 5.250 | &nbsp;&nbsp;08/15/48 | &nbsp;&nbsp;1730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1476838 |
| &nbsp;&nbsp;&nbsp;&nbsp;OU Medicine Proj., Series B | 5.500 | &nbsp;&nbsp;08/15/57 | &nbsp;&nbsp;2950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2564507 |
| Tulsa Cnty. Indl. Auth. Rev.,<br> Montereau, Inc. Proj., Rfdg. | 5.250 | &nbsp;&nbsp;11/15/45 | &nbsp;&nbsp;1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034569 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10558611 |
| **Oregon 0.1%** | **Oregon 0.1%** | **Oregon 0.1%** | **Oregon 0.1%** | **Oregon 0.1%** |
| Multnomah Cnty. Hosp. Facs. Auth. Rev.,<br> Mirabella at South Waterfront, Series A., Rfdg. | 5.400 | &nbsp;&nbsp;10/01/44 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997581 |
| **Pennsylvania 2.0%** | **Pennsylvania 2.0%** | **Pennsylvania 2.0%** | **Pennsylvania 2.0%** | **Pennsylvania 2.0%** |
| Chester Cnty. Indl. Dev. Auth. Rev.,<br> Renaissance Academy Chrt. Sch., Rfdg. | 5.000 | &nbsp;&nbsp;10/01/44 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989252 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** |
| Lancaster Indl. Dev. Auth. Rev.,<br> Landis Homes Retmnt. Cmnty. Proj., Rfdg. | 4.000% | &nbsp;&nbsp;07/01/56 | &nbsp;&nbsp;1000 | &nbsp;&nbsp; $748621 |
| Pennsylvania Comnwlth.,<br> Series A, Rfdg., COP | 4.000 | &nbsp;&nbsp;07/01/46 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1402656 |
| Pennsylvania Higher Edl. Facs. Auth. Rev.,<br> Univ. of Pennsylvania Hlth. Sys., Series B, Rfdg. | 4.000 | &nbsp;&nbsp;08/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679470 |
| Pennsylvania Tpke. Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series A | 5.500 | &nbsp;&nbsp;12/01/42 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series A | 5.500 | &nbsp;&nbsp;12/01/46 | &nbsp;&nbsp;1740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811786 |
| Philadelphia Auth. for Indl. Dev. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Philadelphia Preparatory Chrt., Series A, Rfdg. | 7.250 | &nbsp;&nbsp;06/15/43 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2084517 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gtr. Philadelphia Hlth. Action, Rfdg. | 6.625 | &nbsp;&nbsp;06/01/50 | &nbsp;&nbsp;2795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2827458 |
| &nbsp;&nbsp;&nbsp;&nbsp;New Fndtn. Chrt. Sch., Proj., (Pre-refunded date 12/15/22)(ee) | 6.625 | &nbsp;&nbsp;12/15/41 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001464 |
| &nbsp;&nbsp;&nbsp;&nbsp;String Theory Chrt. Sch. Proj., Rfdg., 144A | 5.000 | &nbsp;&nbsp;06/15/50 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;895368 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14012368 |
| **Puerto Rico 8.1%** | **Puerto Rico 8.1%** | **Puerto Rico 8.1%** | **Puerto Rico 8.1%** | **Puerto Rico 8.1%** |
| Commonwealth of Puerto Rico,<br> Sub. Series CW NT Claims, CW GTY. | 0.000(cc) | &nbsp;&nbsp;11/01/43 | 16027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7318792 |
| Puerto Rico Comnwlth., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A, GO, CABS | 3.809(t) | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;&nbsp;&nbsp;808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A, GO, CABS | 5.054(t) | &nbsp;&nbsp;07/01/33 | &nbsp;&nbsp;1428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 4.000 | &nbsp;&nbsp;07/01/33 | &nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 4.000 | &nbsp;&nbsp;07/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851527 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 4.000 | &nbsp;&nbsp;07/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713207 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 4.000 | &nbsp;&nbsp;07/01/41 | &nbsp;&nbsp;1164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;932573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 4.000 | &nbsp;&nbsp;07/01/46 | &nbsp;&nbsp;1210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929463 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 5.250 | &nbsp;&nbsp;07/01/23 | &nbsp;&nbsp;&nbsp;&nbsp;619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 5.375 | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1251901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 5.625 | &nbsp;&nbsp;07/01/27 | &nbsp;&nbsp;1224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1254046 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 5.625 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;1204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1232199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A1, GO | 5.750 | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;5771 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5910366 |
| Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev.,<br> Sr. Lien, Series A, Rfdg., 144A | 5.000 | &nbsp;&nbsp;07/01/35 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4914949 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue,<br> Restructured, Series A-1 | 5.000 | &nbsp;&nbsp;07/01/58 | 12615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11875041 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Puerto Rico (cont'd.)** | **Puerto Rico (cont'd.)** | **Puerto Rico (cont'd.)** | **Puerto Rico (cont'd.)** | **Puerto Rico (cont'd.)** |
| Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A-2 | 4.329% | &nbsp;&nbsp;07/01/40 | 10729 | &nbsp;&nbsp; $9681519 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A-1, CABS | 5.793(t) | &nbsp;&nbsp;07/01/46 | 31166 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7850359 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57829331 |
| **Rhode Island 0.6%** | **Rhode Island 0.6%** | **Rhode Island 0.6%** | **Rhode Island 0.6%** | **Rhode Island 0.6%** |
| Tob. Settlement Fing. Corp. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/40 | &nbsp;&nbsp;4350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4373105 |
| **South Carolina 0.9%** | **South Carolina 0.9%** | **South Carolina 0.9%** | **South Carolina 0.9%** | **South Carolina 0.9%** |
| Berkeley Cnty.,<br> Spl. Assmt., Nexton Impt. Dist. | 4.375 | &nbsp;&nbsp;11/01/49 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773894 |
| South Carolina Jobs-Econ. Dev. Auth. Rev.,<br> Green Chrt. Sch. Proj., Series A, Rfdg., 144A | 4.000 | &nbsp;&nbsp;06/01/56 | &nbsp;&nbsp;3150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2173918 |
| South Carolina Ports Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AMT | 4.000 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1369631 |
| &nbsp;&nbsp;&nbsp;&nbsp;AMT | 4.000 | &nbsp;&nbsp;07/01/55 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751243 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6068686 |
| **Tennessee 2.6%** | **Tennessee 2.6%** | **Tennessee 2.6%** | **Tennessee 2.6%** | **Tennessee 2.6%** |
| Knox Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev.,<br> East Tennessee Children's Hosp., Rfdg. | 4.000 | &nbsp;&nbsp;11/15/48 | &nbsp;&nbsp;2170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1951786 |
| Shelby Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev.,<br> Germantown Vlg., Rfdg. (Pre-refunded date 12/01/22)(ee) | 5.250 | &nbsp;&nbsp;12/01/42 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100000 |
| Tennessee Energy Acq. Corp. Gas Rev.,<br> Nat. Gas Utility Imps. (Mandatory put date 11/01/25) | 4.000(cc) | &nbsp;&nbsp;11/01/49 | 15500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15388785 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18440571 |
| **Texas 5.8%** | **Texas 5.8%** | **Texas 5.8%** | **Texas 5.8%** | **Texas 5.8%** |
| Arlington Higher Ed. Fin. Corp. Rev.,<br> Series A, Rfdg. | 4.000 | &nbsp;&nbsp;08/15/46 | &nbsp;&nbsp;2220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1781328 |
| Central Texas Regl. Mobility Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A (Pre-refunded date 07/01/25)(ee) | 5.000 | &nbsp;&nbsp;01/01/45 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub., Rfdg. | 4.000 | &nbsp;&nbsp;01/01/41 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1023646 |
| Clifton Higher Ed. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch. | 5.000 | &nbsp;&nbsp;08/15/42 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000362 |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch. | 6.000 | &nbsp;&nbsp;08/15/43 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1119079 |
| Grand Parkway Trans. Corp. Rev.,<br> 1st Tier Toll Rev., Series A | 5.125 | &nbsp;&nbsp;10/01/43 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013131 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** |
| Houston Arpt. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, AMT | 5.000% | &nbsp;&nbsp;07/15/35 | 2000 | &nbsp;&nbsp; $2007236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Facs. Continental Airlines, Inc., Series A, Rfdg., AMT | 6.625 | &nbsp;&nbsp;07/15/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500973 |
| Kerryville Hlth. Facs. Dev. Corp. Rev.,<br> Peterson Regl. Med. Ctr. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;08/15/35 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3061147 |
| Matagorda Cnty. Nav. Dist. No. 1, Poll. Ctrl. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;AEP Texas Central Co. Proj., Series B-1, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982239 |
| &nbsp;&nbsp;&nbsp;&nbsp;AEP Texas Central Co. Proj., Series B-2, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/30 | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1768030 |
| Mission Econ. Dev. Corp. Rev.,<br> Natgosoline Proj., Sr. Lien, Rfdg., AMT, 144A | 4.625 | &nbsp;&nbsp;10/01/31 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1945033 |
| New Hope Cultural Ed. Facs. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jubilee Academic Ctr., Rfdg., 144A | 4.000 | &nbsp;&nbsp;08/15/56 | 4455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3320341 |
| &nbsp;&nbsp;&nbsp;&nbsp;MRC Crestview, Rfdg. (Pre-refunded date 11/15/24)(ee) | 5.000 | &nbsp;&nbsp;11/15/46 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Westminster Proj., Rfdg. | 4.000 | &nbsp;&nbsp;11/01/55 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1351972 |
| North Texas Twy. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/48 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280859 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/38 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1969667 |
| Pottsboro Higher Ed. Fin. Corp. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;08/15/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;933935 |
| Tarrant Cnty. Cultural Ed. Facs. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Barton Creek Sr. Living Ctr., Rfdg. | 5.000 | &nbsp;&nbsp;11/15/40 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trinity Terrace Proj., Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966688 |
| Texas Muni. Gas Acq. & Sply. Corp. Rev.,<br> Sr. Lien, Series A | 5.250 | &nbsp;&nbsp;12/15/26 | 4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4276608 |
| Texas Priv. Activ. Surf. Trans. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LBJ Infrast. Grp. LLC, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;06/30/40 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 6.750 | &nbsp;&nbsp;06/30/43 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 7.000 | &nbsp;&nbsp;12/31/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535774 |
| White Settlement Independent Sch. Dist.,<br> GO | 5.000 | &nbsp;&nbsp;08/15/55 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2697030 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40964249 |
| **Utah 0.2%** | **Utah 0.2%** | **Utah 0.2%** | **Utah 0.2%** | **Utah 0.2%** |
| Salt Lake City Arpt. Rev.,<br> Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/47 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1112882 |
| **Vermont 0.2%** | **Vermont 0.2%** | **Vermont 0.2%** | **Vermont 0.2%** | **Vermont 0.2%** |
| Vermont Econ. Dev. Auth. Rev.,<br> Wake Robin Corp. Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/45 | 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528019 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Virginia 0.7%** | **Virginia 0.7%** | **Virginia 0.7%** | **Virginia 0.7%** | **Virginia 0.7%** |
| City of Chesapeake Expressway Toll Road Rev.,<br> Transn. Sys., Sr. Series B, Rfdg., CABS (Convert to Fixed on 07/15/23) | 0.000 %(cc) | &nbsp;&nbsp;07/15/40 | 1000 | &nbsp;&nbsp; $983714 |
| James City Cnty. Econ. Dev. Auth. Rsdl. Care Fac. Rev.,<br> Williamsburg Landings, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;12/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;736658 |
| Virginia Small Bus. Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;National Sr. Campuses, Inc., Rfdg. | 4.000 | &nbsp;&nbsp;01/01/51 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1471216 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Elizabeth River Crossings OpCo LLC Proj., Rfdg., AMT | 4.000 | &nbsp;&nbsp;01/01/40 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1152198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, I-495 Hot Lanes Proj., Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/31/57 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998128 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5341914 |
| **Washington 1.7%** | **Washington 1.7%** | **Washington 1.7%** | **Washington 1.7%** | **Washington 1.7%** |
| Port of Seattle Indl. Dev. Corp. Rev.,<br> Spl. Facs., Delta Airlines, Rfdg., AMT | 5.000 | &nbsp;&nbsp;04/01/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999903 |
| Port of Seattle Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermediate Lien Priv. Activ., Series C, Rfdg., AMT | 5.000 | &nbsp;&nbsp;08/01/46 | 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3156804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermediate Lien, Series B, Rfdg., AMT | 5.500 | &nbsp;&nbsp;08/01/47 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1382762 |
| Washington Econ. Dev. Fin. Auth. Rev.,<br> Mura Cascade ELP LLC Proj. Rfdg., AMT (Mandatory put date 12/08/23), 144A | 3.900(cc) | &nbsp;&nbsp;12/01/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1986444 |
| Washington Healthcare Facs. Auth. Rev.,<br> Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | &nbsp;&nbsp;07/01/38 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111009 |
| Washington St. Hsg. Fin. Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rockwood Retmnt. Cmnty. Proj., Series A, Rfdg., 144A | 7.375 | &nbsp;&nbsp;01/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Social Certificate, Series A-1 | 3.500 | &nbsp;&nbsp;12/20/35 | 1957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1794125 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12440829 |
| **West Virginia 0.2%** | **West Virginia 0.2%** | **West Virginia 0.2%** | **West Virginia 0.2%** | **West Virginia 0.2%** |
| West Virginia Hosp. Fin. Auth. Rev.,<br> Cabell Huntington Hosp. Oblig. Grp., Series A, Rfdg. | 4.125 | &nbsp;&nbsp;01/01/47 | 1660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422221 |
| **Wisconsin 3.4%** | **Wisconsin 3.4%** | **Wisconsin 3.4%** | **Wisconsin 3.4%** | **Wisconsin 3.4%** |
| Pub. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bancroft Neurohealth Proj., Series A, 144A | 5.125 | &nbsp;&nbsp;06/01/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958671 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bayhealth Med. Ctr. Proj., Series A | 3.000 | &nbsp;&nbsp;07/01/50 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1056660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corvian Cmnty. Sch., Series A, 144A | 5.000 | &nbsp;&nbsp;06/15/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883973 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corvian Cmnty. Sch., Series A, 144A | 5.125 | &nbsp;&nbsp;06/15/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817020 |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bond, Fargo Moorhead Metropolitan Area Flood Mgmnt., AMT | 4.000 | &nbsp;&nbsp;03/31/56 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332543 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Wisconsin (cont'd.)** | **Wisconsin (cont'd.)** | **Wisconsin (cont'd.)** | **Wisconsin (cont'd.)** | **Wisconsin (cont'd.)** |
| Pub. Fin. Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mt. Island Chrt. Sch., Series L, Rfdg. | 5.000% | &nbsp;&nbsp;07/01/47 | 1000 | &nbsp;&nbsp; $937705 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bond, WFCS Port. Proj., Series A-1, 144A | 5.000 | &nbsp;&nbsp;01/01/56 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. MD Proton Treatment Ctr., Series A-1, 144A | 6.250 | &nbsp;&nbsp;01/01/38 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073573 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. MD Proton Treatment Ctr., Series A-1, 144A | 6.375 | &nbsp;&nbsp;01/01/48 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Oblig. Grp., Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1468768 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Oblig. Grp., Series B, Rfdg., AMT | 5.250 | &nbsp;&nbsp;07/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sustainability Bonds, Univ. of Hawaii Fndtn. Proj., Series B, 144A | 5.250 | &nbsp;&nbsp;07/01/61 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1469454 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainability Bonds, Univ. of Hawaii Fndtn. Proj., Series A-1, 144A | 4.000 | &nbsp;&nbsp;07/01/61 | 2600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1779928 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Methodist Retmnt. Homes, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;10/01/51 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1182411 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wonderful Fndtn. Chrt. Sch. Port., Series A-1, 144A | 5.000 | &nbsp;&nbsp;01/01/55 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184915 |
| Wisconsin Hlth. & Edl. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ascension Hlth. Alliance, Rmkt., Series B-1, Rfdg. | 4.000 | &nbsp;&nbsp;11/15/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1383948 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hope Christian Schs. | 4.000 | &nbsp;&nbsp;12/01/51 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698003 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hope Christian Schs. | 4.000 | &nbsp;&nbsp;12/01/56 | 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2112088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Oakwood Lutheran Sr. Ministries, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/57 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1396619 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24001514 |
| **Total Municipal Bonds<br> (cost $748,735,215)** | **Total Municipal Bonds<br> (cost $748,735,215)** | **Total Municipal Bonds<br> (cost $748,735,215)** | **Total Municipal Bonds<br> (cost $748,735,215)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687841021 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |  |
| **Exchange-Traded Funds 2.6%** | **Exchange-Traded Funds 2.6%** | **Exchange-Traded Funds 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares National Muni Bond ETF | 111286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11820799 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VanEck High Yield Muni ETF | 132491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6864359 |  |
| **Total Exchange-Traded Funds<br> (cost $18,291,042)** | **Total Exchange-Traded Funds<br> (cost $18,291,042)** | **Total Exchange-Traded Funds<br> (cost $18,291,042)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18685158 |
| **Total Long-Term Investments<br> (cost $767,026,257)** | **Total Long-Term Investments<br> (cost $767,026,257)** | **Total Long-Term Investments<br> (cost $767,026,257)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;706526179 |

---

------

#### PGIM Muni High Income Fund

#### Schedule of Investments as of November 30, 2022 (unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Short-Term Investment 0.1%** | **Short-Term Investment 0.1%** | **Short-Term Investment 0.1%** |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Ultra Short Bond Fund<br> (cost $780,304)(wh) | &nbsp;&nbsp;780304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $780304 |
| **TOTAL INVESTMENTS 99.6%<br> (cost $767,806,561)** | **TOTAL INVESTMENTS 99.6%<br> (cost $767,806,561)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707306483 |
| Other assets in excess of liabilities(z) 0.4% | Other assets in excess of liabilities(z) 0.4% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2920336 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;$710226819 |

---

------

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 |
| ETF—Exchange-Traded Fund |
| GO—General Obligation |
| Rfdg—Refunding |

---

---

| | |
|:---|:---|
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $1,781,172 and 0.3% of net assets. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
| (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. |
| (t) | Represents zero coupon. Rate quoted represents effective yield at November 30, 2022. |
| (wh) | PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund. |
| (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 November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** |
| 220 | 20 Year U.S. Treasury Bonds | Mar. 2023 | $27940000 | $(304232) |

---

*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).*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Prudential Investment Portfolios 4

- **b. Investment Company Act file number:** 811-04930

- **c. CIK number of Registrant:** 0000807394

- **d. LEI of Registrant:** 549300W5ICYQ5O9FF145

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-800-225-1852

**Item A.2. Information about the Series.**

- **a. Name of Series:** PGIM Muni High Income Fund

- **b. EDGAR series identifier (if any):** S000004643

- **c. LEI of Series:** XF4M2KJIB02007UI7B73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $725721479.37

**Total Liabilities:** $16453169.72

**Net Assets:** $709268309.65

**Delayed Delivery Securities:** $7213450.00

**Cash Not Reported:** $1013000.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 370.18593000 | **1-Year:** 12542.71019000 | **5-Year:** 81788.37412000 | **10-Year:** 379280.35512000 | **30-Year:** 72375.89643000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 56.57762000 | **1-Year:** 2931.78446000 | **5-Year:** 12776.74086000 | **10-Year:** 53370.91087000 | **30-Year:** 6710.31314000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012651 | -5.32%               | -2.09%               | 5.57%                |
| Class ID C000190115 | -5.30%               | -1.95%               | 5.48%                |
| Class ID C000012650 | -5.31%               | -1.96%               | 5.48%                |
| Class ID C000012653 | -5.39%               | -2.15%               | 5.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3124886.65             | $-42877169.39                              |
| Month 2  | $-5238343.44             | $-12913580.84                              |
| Month 3  | $-2644576.84             | $39581843.79                               |

**Designated Index Information**

- **Index Name:** PGIM Muni High Income Fund - ExDerivatives

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VLG FL CDD #13 SPL ASSMNT REVE              | Village Community Development District No 13                        | CUSIP: 92708HAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $391337.96    | 0.06%             | 2039-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152VM0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2223471.36   | 0.31%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577XBF2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906562.12    | 0.13%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY INDL DEV AUTH EX              | Maricopa County Industrial Development Authority                    | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2784845.04   | 0.39%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1211330.47   | 0.17%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                         | CUSIP: 928104NC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1471215.92   | 0.21%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARGARITA CA WTR DIST SP              | Santa Margarita Water District                                      | CUSIP: 802242EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $653363.07    | 0.09%             | 2036-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU              | Alaska Industrial Development & Export Authority                    | CUSIP: 011903GL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4320000 | PA      | $3796170.32   | 0.54%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT US Long Bond                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -220 | NC      | $-304232.30   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN              | County of Broward FL Airport System Revenue                         | CUSIP: 114894TN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528966.14   | 0.22%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                   | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15388785.33  | 2.17%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E              | Ohio Air Quality Development Authority                              | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891275.79    | 0.13%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1308481.69   | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                     | Freddie Mac Multifamily ML Certificates                             | CUSIP: 3137H9JP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  34393000 | PA      | $2001067.28   | 0.28%             | 2036-07-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| HUGO MN CHTR SCH LEASE REVENUE              | City of Hugo MN                                                     | CUSIP: 444584AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1141636.38   | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204E6H6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5564617.73   | 0.78%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D              | Metropolitan Washington Airports Authority Dulles Toll Road Revenue | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1777650.00   | 0.25%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue              | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10729000 | PA      | $9681518.72   | 1.37%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                         | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007225.64   | 0.28%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL              | Colorado Educational & Cultural Facilities Authority                | CUSIP: 19645RYX3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    885000 | PA      | $851009.75    | 0.12%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDTOWN MIAMI FL CDD SPL ASSMN              | Midtown Miami Community Development District                        | CUSIP: 59807PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1947732.69   | 0.27%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE SETTLEMENT TX INDEP SCHD              | White Settlement Independent School District                        | CUSIP: 9645592K3<br>LEI: 549300B8PVL52E9C8O15 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2697029.50   | 0.38%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE              | Tempe Industrial Development Authority                              | CUSIP: 87972MBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $839846.83    | 0.12%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1610104.29   | 0.23%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                          | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $176032.22    | 0.02%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204FST3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005100.94   | 0.14%             | 2027-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST ECON DEV FIN AUT              | Washington Economic Development Finance Authority                   | CUSIP: 93975YAN1<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1986444.54   | 0.28%             | 2042-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| iShares National Muni Bond ETF              | iShares National Muni Bond ETF                                      | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |    111286 | NS      | $11820798.92  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR              | New York State Environmental Facilities Corp                        | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    550000 | PA      | $521599.80    | 0.07%             | 2050-09-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505RM0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1625884.10   | 0.23%             | 2046-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS              | Oklahoma Development Finance Authority                              | CUSIP: 67884XCG0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   5960000 | PA      | $5260035.55   | 0.74%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUFFOLK NY TOBACCO ASSET SECUR              | Suffolk Tobacco Asset Securitization Corp                           | CUSIP: 864809CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473124.66    | 0.07%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri  | CUSIP: 60637AHZ8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1853708.21   | 0.26%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &               | Shelby County Health Educational & Housing Facilities Board         | CUSIP: 82169JAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.16%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE               | Metropolitan Transportation Authority                               | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2969554.59   | 0.42%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                 | CUSIP: 97712JDT7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2112087.63   | 0.30%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                                | TSASC Inc/NY                                                        | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4965480.88   | 0.70%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577XAF3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1208858.67   | 0.17%             | 2040-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    808097 | PA      | $744791.67    | 0.11%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL                      | Regional Transportation Authority                                   | CUSIP: 7599112G4<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2996406.98   | 0.42%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                    | CUSIP: 56681NAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964435.73    | 0.14%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU              | James City County Economic Development Authority                    | CUSIP: 47029WED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $736658.48    | 0.10%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE                 | City of Springfield IL Electric Revenue                             | CUSIP: 850578TU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1384298.75   | 0.20%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                 | CUSIP: 97712JEE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1396618.50   | 0.20%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S              | Salt Verde Financial Corp                                           | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4890000 | PA      | $5100140.32   | 0.72%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                    | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491148.00    | 0.07%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                   | CUSIP: 7178188A9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001464.39   | 0.14%             | 2041-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA              | Long Beach Bond Finance Authority                                   | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   3830000 | PA      | $3930031.10   | 0.55%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp           | CUSIP: 87638RFP7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1090770.20   | 0.15%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE              | City of Valparaiso IN                                               | CUSIP: 92028RAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403263.09    | 0.06%             | 2024-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI              | Glendale Industrial Development Authority                           | CUSIP: 378287BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1364007.57   | 0.19%             | 2056-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505VB9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493440.44    | 0.07%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                     | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3857331.82   | 0.54%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VTC8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281174.66   | 0.18%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PJU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1073573.17   | 0.15%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577BN26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1021919.91   | 0.14%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE              | City of Valparaiso IN                                               | CUSIP: 92028RAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529426.54   | 0.22%             | 2044-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                       | CUSIP: 66285WNN2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969667.06   | 0.28%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                 | CUSIP: 13059TBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752832.59    | 0.11%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980914.08    | 0.14%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VVQ4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2053406.33   | 0.29%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    950000 | PA      | $988201.13    | 0.14%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                            | CUSIP: 74439YDX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $1779928.05   | 0.25%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204FHU2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1534827.58   | 0.22%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                              | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981498.34    | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148393.81    | 0.02%             | 2026-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS              | Oklahoma Development Finance Authority                              | CUSIP: 67884XCH8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1476838.36   | 0.21%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA PUBLIC FING               | Riverside County Public Financing Authority                         | CUSIP: 76912KCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078065.03   | 0.15%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152YJ4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013483.88   | 0.28%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3038295.36   | 0.43%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577BL69<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023938.60   | 0.14%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri  | CUSIP: 60635H3C1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $911834.74    | 0.13%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN              | M-S-R Energy Authority                                              | CUSIP: 55374SAB6<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1994953.13   | 0.28%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                      | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4174661.24   | 0.59%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                         | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | CORP              | US        |   1956840 | PA      | $1794124.80   | 0.25%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505QP4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1017099.51   | 0.14%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                    | CUSIP: 34061UFY9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963564.91    | 0.14%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1392585.68   | 0.20%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015457.69   | 0.14%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PGIM Core Ultra Short Bond Fund             | PGIM Core Ultra Short Bond Fund                                     | CUSIP: 000000000<br>LEI: 1VRLPVAWKZCB406TIT84 | Long             | STIV             | RF                | US        |   4020723 | NS      | $4020723.37   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                            | CUSIP: 74439YEA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1469454.50   | 0.21%             | 2061-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV              | Build NYC Resource Corp                                             | CUSIP: 12008ESB3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1373526.99   | 0.19%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE              | Village Community Development District No 13                        | CUSIP: 92708HAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $712966.21    | 0.10%             | 2050-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                   | CUSIP: 249182TD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2273448.94   | 0.32%             | 2035-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                | Capital Trust Agency Inc                                            | CUSIP: 14052WBB2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1361860.10   | 0.19%             | 2029-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN              | Mission Economic Development Corp                                   | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945032.50   | 0.27%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552828.68   | 0.22%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A              | Greater Orlando Aviation Authority                                  | CUSIP: 392274X50<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006190.18   | 0.28%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE              | County of Osceola FL Transportation Revenue                         | CUSIP: 688031FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $171718.41    | 0.02%             | 2054-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA UNIF SCH DIST SPL TA              | Irvine Unified School District                                      | CUSIP: 463612NS6<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $843657.30    | 0.12%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU              | County of Berkeley SC                                               | CUSIP: 084220AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $773894.27    | 0.11%             | 2049-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                   | CUSIP: 71780CBA7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895368.50    | 0.13%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp             | CUSIP: 882667BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $545945.48    | 0.08%             | 2040-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE CO MET DIST #5                | Rampart Range Metropolitan District No 5                            | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $346594.85    | 0.05%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5770875 | PA      | $5910366.28   | 0.83%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L              | New York Liberty Development Corp                                   | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $700708.08    | 0.10%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD               | Sterling Ranch Community Authority Board                            | CUSIP: 85950NAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765578.16    | 0.11%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S              | Salt Verde Financial Corp                                           | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9249247.53   | 1.30%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                            | CUSIP: 74442EEY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883972.70    | 0.12%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577XBE5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048460.84   | 0.29%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                 | CUSIP: 64542UFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1351972.34   | 0.19%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA INDL DEV CORP               | Port of Seattle Industrial Development Corp                         | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999902.57    | 0.14%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                | Capital Trust Agency Inc                                            | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2551579.50   | 0.36%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI              | New Hampshire Business Finance Authority                            | CUSIP: 63608SAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1647424.62   | 0.23%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                       | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2294429.35   | 0.32%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A              | St Johns County Industrial Development Authority                    | CUSIP: 79041LAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1109337.84   | 0.16%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                 | CUSIP: 97712DJ64<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1383948.09   | 0.20%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577BTL8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2058477.42   | 0.29%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA              | Pennsylvania Higher Educational Facilities Authority                | CUSIP: 70917TCY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $679469.92    | 0.10%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1210119 | PA      | $929462.93    | 0.13%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4484126.53   | 0.63%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITYPLACE FL CDD SPL ASSMNT RE              | Cityplace Community Development District                            | CUSIP: 17877SAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046101.23   | 0.15%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                   | CUSIP: 605279MK1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1198203.58   | 0.17%             | 2044-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2522842.60   | 0.36%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri  | CUSIP: 60635HS26<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3743620.60   | 0.53%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE              | County of Miami-Dade FL Aviation Revenue                            | CUSIP: 59333P4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006939.70   | 0.14%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1235505 | PA      | $1251901.23   | 0.18%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI              | Florida Higher Educational Facilities Financial Authority           | CUSIP: 34073TKA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4795000 | PA      | $4822009.90   | 0.68%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY SOL              | Build NYC Resource Corp                                             | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025110.32   | 0.14%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911619.03    | 0.13%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE              | Delaware State Economic Development Authority                       | CUSIP: 246387RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501220.51    | 0.07%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIGO FL CDD CAPITAL IMPT REV              | Indigo Community Development District                               | CUSIP: 45567RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $751221.68    | 0.11%             | 2036-05-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                     | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $536089.14    | 0.08%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A              | Greater Orlando Aviation Authority                                  | CUSIP: 392274X92<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2845168.80   | 0.40%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POPLAR BLUFF MO REGL TRANSPRTN              | Poplar Bluff Regional Transportation Development District           | CUSIP: 733060AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1990520.01   | 0.28%             | 2042-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH               | Chester County Industrial Development Authority                     | CUSIP: 165588CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989251.63    | 0.14%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue         | CUSIP: 592647LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4316704.40   | 0.61%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank               | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    600000 | PA      | $503456.09    | 0.07%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES               | Chicago Transit Authority Sales Tax Receipts Fund                   | CUSIP: 16772PCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886727.29    | 0.13%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A              | Greater Orlando Aviation Authority                                  | CUSIP: 392274F84<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4703277.45   | 0.66%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                         | CUSIP: 928104QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998127.67    | 0.14%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1224314 | PA      | $1254046.15   | 0.18%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                      | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3836896.43   | 0.54%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1204452 | PA      | $1232199.55   | 0.17%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $772721.41    | 0.11%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON PARISH LA ECON DEV &              | Jefferson Parish Economic Development & Port District               | CUSIP: 474548AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1894861.76   | 0.27%             | 2048-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VPE8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    850000 | PA      | $867195.91    | 0.12%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                           | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500973.10   | 0.21%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                   | CUSIP: 71781PBL3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2827458.56   | 0.40%             | 2050-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN              | M-S-R Energy Authority                                              | CUSIP: 55374SAC4<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2481583.33   | 0.35%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUFFOLK NY TOBACCO ASSET SECUR              | Suffolk Tobacco Asset Securitization Corp                           | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $108613.96    | 0.02%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                       | CUSIP: 66285WXZ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1280858.99   | 0.18%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                 | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $652429.32    | 0.09%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT ACADEMY MI PUBLIC SCH A              | Summit Academy/MI                                                   | CUSIP: 86589HAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $369950.00    | 0.05%             | 2025-11-01      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue              | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12615000 | PA      | $11875041.06  | 1.67%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 4521525Q0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1880395.50   | 0.27%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN              | Public Authority for Colorado Energy                                | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   4045000 | PA      | $4740282.83   | 0.67%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                  | CUSIP: 735389W38<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1382762.03   | 0.19%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC               | Public Finance Authority                                            | CUSIP: 74444VBV1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1182410.90   | 0.17%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                      | CUSIP: 6461364H1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304119.11   | 0.18%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA TOLL ROAD REVENU              | City of Chesapeake VA Chesapeake Expressway Toll Road Revenue       | CUSIP: 16532RAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983714.14    | 0.14%             | 2040-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN               | New Hope Cultural Education Facilities Finance Corp                 | CUSIP: 64542UCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1223865.51   | 0.17%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION               | Texas Municipal Gas Acquisition and Supply Corp I                   | CUSIP: 88256CAT6<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4276608.24   | 0.60%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB              | Iowa Tobacco Settlement Authority                                   | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $858141.02    | 0.12%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                            | CUSIP: 04052BAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968192.52    | 0.14%             | 2050-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI ARPT FACS R              | Public Finance Authority                                            | CUSIP: 74443CAB9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000945.82   | 0.14%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                      | CUSIP: 6461366M8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    555000 | PA      | $575020.26    | 0.08%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2655651.10   | 0.37%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &               | Puerto Rico Commonwealth Aqueduct & Sewer Authority                 | CUSIP: 745160SH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4914948.65   | 0.69%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1              | City of Sparks NV                                                   | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889865.11    | 0.13%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE               | County of Cuyahoga OH                                               | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    575000 | PA      | $559060.06    | 0.08%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE               | County of Cuyahoga OH                                               | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009690.24   | 0.28%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                | CUSIP: 19648FSV7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $754465.41    | 0.11%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL HLTH CARE FACS              | City of Jacksonville FL                                             | CUSIP: 469400EL5<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901590.96    | 0.13%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                  | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3156803.84   | 0.45%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1               | Matagorda County Navigation District No 1                           | CUSIP: 576528DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982239.07    | 0.14%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                              | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4815543.75   | 0.68%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH               | Orange County Health Facilities Authority                           | CUSIP: 68450LGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1763539.58   | 0.25%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POMPANO BEACH FL REVENUE                    | City of Pompano Beach FL                                            | CUSIP: 732203BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1786134.18   | 0.25%             | 2027-01-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                              | CUSIP: 13048DCF3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $711674.14    | 0.10%             | 2048-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $589799.99    | 0.08%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505TG1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2139376.77   | 0.30%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERITAGE RIDGE MET DIST CO                  | Heritage Ridge Metropolitan District                                | CUSIP: 42727TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $336242.97    | 0.05%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                  | CUSIP: 167727WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3393528.01   | 0.48%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                    | CUSIP: 34061UGS1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $1853013.13   | 0.26%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE              | Village Community Development District No 13                        | CUSIP: 92708HAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $824068.17    | 0.12%             | 2051-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 6459182H5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1722783.32   | 0.24%             | 2043-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                | CUSIP: 167593NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501968.39   | 0.21%             | 2039-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR              | Florida Development Finance Corp                                    | CUSIP: 34061WAY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1660062.86   | 0.23%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A              | Washington Health Care Facilities Authority                         | CUSIP: 93978HKJ3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111009.06   | 0.16%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998223.72    | 0.14%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                    | CUSIP: 791524CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1772968.76   | 0.25%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARBOR POINT CT INFRASTRUCTURE              | Harbor Point Infrastructure Improvement District                    | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1978451.84   | 0.28%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                         | CUSIP: 928104NY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1152198.13   | 0.16%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                           | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2449049.00   | 0.35%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                            | CUSIP: 04052BMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $550744.30    | 0.08%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL                      | Regional Transportation Authority                                   | CUSIP: 7599112F6<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   4015000 | PA      | $3992259.40   | 0.56%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp             | CUSIP: 882667AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535774.24   | 0.22%             | 2038-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                | CUSIP: 19648AW27<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1262818.53   | 0.18%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                   | CUSIP: 249182QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5714551.61   | 0.81%             | 2040-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VLG CDD #10 FL SPL ASSMNT REVE              | Village Community Development District No 10                        | CUSIP: 92707CAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704363.46    | 0.10%             | 2044-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA SPL TAX                       | City of Sacramento CA                                               | CUSIP: 786071RC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $802050.78    | 0.11%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                    | CUSIP: 709224VC0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1811785.61   | 0.26%             | 2046-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                            | CUSIP: 04052BRH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945012.52   | 0.27%             | 2029-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH CHRT SCHR              | Illinois Finance Authority                                          | CUSIP: 452022BR6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970572.89    | 0.14%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                    | CUSIP: 74440DDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6520516.11   | 0.92%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T              | Grand Parkway Transportation Corp                                   | CUSIP: 38611TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013130.80   | 0.28%             | 2043-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #7 SPL ASSMNT REVEN              | Village Community Development District No 7                         | CUSIP: 92707VAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1697302.06   | 0.24%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN              | New Jersey Economic Development Authority                           | CUSIP: 64577QAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1085784.73   | 0.15%             | 2043-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2911951.28   | 0.41%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO              | Northern Tobacco Securitization Corp                                | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1711049.50   | 0.24%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152YL9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008950.80   | 0.28%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                     | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869120.71    | 0.12%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEVA              | California Statewide Communities Development Authority              | CUSIP: 13078RGB0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1450439.01   | 0.20%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VXQ2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504029.24   | 0.21%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                      | CUSIP: 6461366L0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $470578.73    | 0.07%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                    | CUSIP: 34061UGR3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    565000 | PA      | $470440.87    | 0.07%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505XS0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963615.42    | 0.14%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE              | County of Osceola FL Transportation Revenue                         | CUSIP: 688031ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1201920.78   | 0.17%             | 2054-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                   | CUSIP: 60527MBA6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2893378.38   | 0.41%             | 2036-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST COPS                        | Commonwealth of Pennsylvania                                        | CUSIP: 709144PB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1402656.09   | 0.20%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152WY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026763.92   | 0.29%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    855822 | PA      | $713207.03    | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA SPL TAX                       | City of Sacramento CA                                               | CUSIP: 786071RB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $621754.76    | 0.09%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                          | CUSIP: 59447TL92<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    605000 | PA      | $602963.98    | 0.09%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R              | Industrial Development Authority of the City of Phoenix/The         | CUSIP: 71885FDK0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2214859.03   | 0.31%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH               | Orange County Health Facilities Authority                           | CUSIP: 68450LGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4024569.30   | 0.57%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO              | Akron Bath Copley Joint Township Hospital District                  | CUSIP: 009730PW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2213414.37   | 0.31%             | 2040-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038939.36   | 0.29%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CA PUBLIC FING AUTH                 | Lincoln Public Financing Authority                                  | CUSIP: 533020EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    728000 | PA      | $729805.45    | 0.10%             | 2027-09-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2345166.55   | 0.33%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    997156 | PA      | $851526.81    | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE              | Tempe Industrial Development Authority                              | CUSIP: 87972MBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $645938.49    | 0.09%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH NT              | Tobacco Securitization Authority of Northern California             | CUSIP: 888794CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $522190.83    | 0.07%             | 2060-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486WY1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020677.57   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5033397.65   | 0.71%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                           | CUSIP: 155498DV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059969.41   | 0.15%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PCQ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958670.96    | 0.14%             | 2048-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R              | Industrial Development Authority of the City of Phoenix/The         | CUSIP: 71885FDP9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938109.28    | 0.13%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL              | Colorado Educational & Cultural Facilities Authority                | CUSIP: 19645RB42<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951619.03    | 0.13%             | 2045-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                           | CUSIP: 64578CBU4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017064.06   | 0.28%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| S MIAMI FL HLTH FACS AUTH                   | City Of South Miami Health Facilities Authority Inc                 | CUSIP: 838810EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2135894.54   | 0.30%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHR              | Louisiana Public Facilities Authority                               | CUSIP: 5463983E6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008108.52   | 0.14%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI ARPT FACS R              | Public Finance Authority                                            | CUSIP: 74443CAC7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1468767.59   | 0.21%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P              | South Carolina Ports Authority                                      | CUSIP: 837123HN1<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1751242.98   | 0.25%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN              | New Jersey Economic Development Authority                           | CUSIP: 64577QAF8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499943.02   | 0.21%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                      | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2945906.07   | 0.42%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL              | Colorado Educational & Cultural Facilities Authority                | CUSIP: 19645RWZ0<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1295353.59   | 0.18%             | 2044-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  16027379 | PA      | $7318791.76   | 1.03%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999706.95    | 0.14%             | 2048-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| INLAND VLY CA DEV AGY SUCCESSO              | Inland Valley Development Agency                                    | CUSIP: 45750TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008395.84   | 0.14%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                           | CUSIP: 64578CAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1365401.05   | 0.19%             | 2023-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                    | CUSIP: 791524BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001908.95   | 0.14%             | 2043-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VUW2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1836117.10   | 0.26%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1               | Matagorda County Navigation District No 1                           | CUSIP: 576528DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1768030.33   | 0.25%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                           | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4992239.00   | 0.70%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority              | CUSIP: 13080SDC5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $626773.34    | 0.09%             | 2044-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152YC9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    950000 | PA      | $960969.22    | 0.14%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEVA              | California Statewide Communities Development Authority              | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1043366.93   | 0.15%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204E6G8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    265000 | PA      | $278539.68    | 0.04%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp           | CUSIP: 87638TEV1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966687.70    | 0.14%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE CNTY NY TOBACCO ASSET SEC              | Erie Tobacco Asset Securitization Corp                              | CUSIP: 295095BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $406812.96    | 0.06%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU              | Wayne County Airport Authority                                      | CUSIP: 944514PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502019.42   | 0.21%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE              | Chicago Board of Education                                          | CUSIP: 167510AA4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571671.61   | 0.22%             | 2046-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH CHRT              | Delaware State Economic Development Authority                       | CUSIP: 246372BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $689233.03    | 0.10%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA                   | Private Colleges & Universities Authority                           | CUSIP: 74265LD47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547537.73   | 0.22%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS              | Guam Government Waterworks Authority                                | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000736.47   | 0.14%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ST ECON DEV AUTH MTGER              | Vermont Economic Development Authority                              | CUSIP: 92415TCB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1528018.95   | 0.22%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3590330.49   | 0.51%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                            | CUSIP: 74442EBX7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1817020.12   | 0.26%             | 2047-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                    | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $660000.00    | 0.09%             | 2039-07-01      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                              | CUSIP: 13051AEK0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2042306.29   | 0.29%             | 2057-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE               | Metropolitan Transportation Authority                               | CUSIP: 59261AH26<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1974695.74   | 0.28%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1109348 | PA      | $967352.10    | 0.14%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R              | Industrial Development Authority of the City of Phoenix/The         | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933351.75    | 0.13%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VPF5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    725000 | PA      | $739673.13    | 0.10%             | 2048-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VLG CDD #11 FL SPL ASSMNT REVE              | Village Community Development District No 11                        | CUSIP: 92708EAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1195655.04   | 0.17%             | 2045-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                          | CUSIP: 59447TL76<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1667752.54   | 0.24%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri  | CUSIP: 60635H3D9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1539780.74   | 0.22%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE              | County of Broward FL Port Facilities Revenue                        | CUSIP: 11506KFK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1740468.14   | 0.25%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TAHOE-DOUGLAS VISITORS AUTH NV              | Tahoe-Douglas Visitors Authority                                    | CUSIP: 873816AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987288.67    | 0.14%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                    | CUSIP: 56681NAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919311.82   | 0.27%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YONKERS NY ECON DEV CORP EDUCT              | Yonkers Economic Development Corp                                   | CUSIP: 98608MAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1107384.38   | 0.16%             | 2049-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                           | CUSIP: 121342PM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1796875.00   | 0.25%             | 2045-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue              | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  31166000 | PA      | $7850358.86   | 1.11%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH              | West Virginia Hospital Finance Authority                            | CUSIP: 956622S54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1422220.50   | 0.20%             | 2047-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH                  | Industrial Development Authority of the County of Pima/The          | CUSIP: 721901JW7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000738.60   | 0.42%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                            | CUSIP: 74442ECB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937704.70    | 0.13%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486K40<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1461000 | PA      | $1247936.35   | 0.18%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS              | Knox County Health Educational & Housing Facility Board             | CUSIP: 499527DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $1951785.97   | 0.28%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT AUTH IA TOB              | Iowa Tobacco Settlement Authority                                   | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $942632.60    | 0.13%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204FBF1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939362.03    | 0.13%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                           | CUSIP: 795576FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112881.56   | 0.16%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                | CUSIP: 19648FRW6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1628055.58   | 0.23%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO              | Northern Tobacco Securitization Corp                                | CUSIP: 66585VCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $108597.80    | 0.02%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP ECON              | Maryland Economic Development Corp                                  | CUSIP: 57420NCC3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039068.91   | 0.15%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A              | Palm Beach County Health Facilities Authority                       | CUSIP: 69651AAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522800.60    | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                  | CUSIP: 83704MBV7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $2173918.16   | 0.31%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    619471 | PA      | $621439.83    | 0.09%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                   | CUSIP: 249182QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1253708.88   | 0.18%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR              | Tulsa County Industrial Authority                                   | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1034569.10   | 0.15%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $2917226.71   | 0.41%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                            | CUSIP: 04052BLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1241494.99   | 0.18%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED              | Clifton Higher Education Finance Corp                               | CUSIP: 187145CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1119079.30   | 0.16%             | 2043-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                | CUSIP: 167593X98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098569.04   | 0.30%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH                 | New Jersey Economic Development Authority                           | CUSIP: 64578EMG9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023906.33   | 0.14%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                 | City of Houston TX Airport System Revenue                           | CUSIP: 4423487S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007235.88   | 0.28%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST PRIVATE ACTIVITY REVEN              | State of Ohio                                                       | CUSIP: 67759YAQ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991181.79    | 0.14%             | 2053-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R              | Tobacco Settlement Financing Corp/RI                                | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4373105.07   | 0.62%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS              | Oklahoma Development Finance Authority                              | CUSIP: 67884XCF2<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    250000 | PA      | $222660.68    | 0.03%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                         | CUSIP: 79739GNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534299.09   | 0.22%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                    | CUSIP: 34061ULK2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1855078.74   | 0.26%             | 2057-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROCKDALE CNTY GA DEV AUTH                   | Development Authority of Rockdale County                            | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907600.17    | 0.13%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PJV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1840411.14   | 0.26%             | 2048-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE               | County of Jefferson AL Sewer Revenue                                | CUSIP: 472682QL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514673.54    | 0.07%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                | Capital Trust Agency Inc                                            | CUSIP: 14052WDT1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $423877.79    | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POTTSBORO TX HGR EDU FIN CORP               | Pottsboro Higher Education Finance Corp                             | CUSIP: 738222AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933935.01    | 0.13%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                      | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004274.37   | 0.14%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV              | Build NYC Resource Corp                                             | CUSIP: 12008ERA6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $415471.23    | 0.06%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA              | South Jersey Transportation Authority                               | CUSIP: 838536HF0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757166.52    | 0.11%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152SZ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008265.08   | 0.14%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P              | South Carolina Ports Authority                                      | CUSIP: 837123GL6<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1369630.85   | 0.19%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486XF1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2456652.08   | 0.35%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                | CUSIP: 167593SD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1914243.46   | 0.27%             | 2040-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP              | New Jersey Economic Development Authority                           | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2284592.97   | 0.32%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486UX5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751447.62    | 0.11%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                           | CUSIP: 64577XAC0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69233.56     | 0.01%             | 2040-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505WK8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484352.72    | 0.07%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority               | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538349.50   | 0.22%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486F87<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1559063.06   | 0.22%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri  | CUSIP: 60635HR92<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1754490.89   | 0.25%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp             | CUSIP: 882667AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508620.42    | 0.07%             | 2043-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204FJS5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3580000 | PA      | $2583849.00   | 0.36%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152U25<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533325.38   | 0.36%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS              | Oklahoma Development Finance Authority                              | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2564507.48   | 0.36%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HERITAGE RIDGE MET DIST CO                  | Heritage Ridge Metropolitan District                                | CUSIP: 42727TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $763745.74    | 0.11%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                             | CUSIP: 041806L73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $1781327.96   | 0.25%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1332543.31   | 0.19%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                               | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073246.23   | 0.15%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PVC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1056660.47   | 0.15%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH CHRT              | Delaware State Economic Development Authority                       | CUSIP: 246372BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $991701.31    | 0.14%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA              | Long Beach Bond Finance Authority                                   | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    685000 | PA      | $733955.51    | 0.10%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV              | County of Franklin OH                                               | CUSIP: 353187EF0<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2332388.68   | 0.33%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499110.07    | 0.07%             | 2027-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                          | CUSIP: 167505TK2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2244134.74   | 0.32%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VKT0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.49%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH ST              | Tobacco Securitization Authority of Southern California             | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $526476.69    | 0.07%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE               | County of Jefferson AL Sewer Revenue                                | CUSIP: 472682QK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511230.85    | 0.07%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN PORT AUTH SOL WS              | St Paul Port Authority                                              | CUSIP: 79307RAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943009.41    | 0.13%             | 2037-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL HLTH FACS REVEN              | City of Tallahassee FL                                              | CUSIP: 874485DL6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1435725.69   | 0.20%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152A92<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1418904.14   | 0.20%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014350.89   | 0.14%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority              | CUSIP: 13080SVL5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4475000 | PA      | $4488804.44   | 0.63%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1163593 | PA      | $932573.20    | 0.13%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ERIE CNTY NY TOBACCO ASSET SEC              | Erie Tobacco Asset Securitization Corp                              | CUSIP: 295095BC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1189038.85   | 0.17%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                         | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1427625 | PA      | $779804.81    | 0.11%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PLAZA CO MET DIST #1 REVENUE                | Plaza Metropolitan District No 1                                    | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929504.32    | 0.13%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOWARD CNTY MD SPL OBLIG                    | County of Howard MD                                                 | CUSIP: 442599AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1432207.03   | 0.20%             | 2044-02-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN              | New Hope Cultural Education Facilities Finance Corp                 | CUSIP: 64542QCK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4455000 | PA      | $3320341.04   | 0.47%             | 2056-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                           | CUSIP: 155498FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1023645.71   | 0.14%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1184915.17   | 0.17%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH               | Orange County Health Facilities Authority                           | CUSIP: 68450LFS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3040983.70   | 0.43%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANSAS CITY KS               | Wyandotte County-Kansas City Unified Government                     | CUSIP: 982707AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $736055.89    | 0.10%             | 2040-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                            | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $423877.79    | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH                  | Lancaster Industrial Development Authority                          | CUSIP: 51434NAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $748620.76    | 0.11%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VWD2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $845785.06    | 0.12%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2584275.43   | 0.36%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD SPL OBLG                  | County of Frederick MD                                              | CUSIP: 35571LCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $840175.63    | 0.12%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                | CUSIP: 25483VXS8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372498.97   | 0.19%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VanEck High Yield Muni ETF                  | VanEck High Yield Muni ETF                                          | CUSIP: 92189H409<br>LEI: 549300UT41BWOPGYSE94 | Long             | EC               | RF                | US        |    132491 | NS      | $6864358.71   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority              | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2509345.05   | 0.35%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                            | CUSIP: 04052BHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508781.96   | 0.21%             | 2048-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                   | CUSIP: 71781XAT0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084516.76   | 0.29%             | 2043-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                      | CUSIP: 646136Y39<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016595.31   | 0.14%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY               | New York City Industrial Development Agency                         | CUSIP: 64971PKL8<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919244.23    | 0.13%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                            | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21150000 | PA      | $2261452.96   | 0.32%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                   | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004090.50   | 0.71%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERRVILLE TX HLTH FACS DEV COR              | Kerrville Health Facilities Development Corp                        | CUSIP: 492436AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3061147.38   | 0.43%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                 | CUSIP: 97712JDS9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $698003.01    | 0.10%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH              | Housing & Redevelopment Authority of The City of St Paul Minnesota  | CUSIP: 792888KR9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061862.49   | 0.15%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK CO MET DIST REVENUE              | Park Creek Metropolitan District                                    | CUSIP: 700387DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523037.87   | 0.21%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                  | CUSIP: 167486G52<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530068.90   | 0.22%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                     | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1704430.40   | 0.24%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                              | CUSIP: 65821DXS5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1130172.15   | 0.16%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                | New Hampshire Business Finance Authority                            | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780093.15    | 0.11%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                    | CUSIP: 34061UFC7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1589331.82   | 0.22%             | 2050-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                | CUSIP: 19648A4N2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1749811.24   | 0.25%             | 2045-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT               | Buckeye Tobacco Settlement Financing Authority                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10120000 | PA      | $9250803.52   | 1.30%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST EDUCTNL FACS AUTH               | Illinois Educational Facilities Authority                           | CUSIP: 45201QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1084298.80   | 0.15%             | 2036-11-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                    | CUSIP: 709224VB2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571775.98   | 0.22%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                   | CUSIP: 452152E56<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2804777.52   | 0.40%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                | CUSIP: 167593M74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $2698779.89   | 0.38%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MULTNOMAH CNTY OR HOSP FACS AU              | Hospital Facilities Authority of Multnomah County Oregon            | CUSIP: 62551PCG0<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997581.48    | 0.14%             | 2044-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT MO SPL OBLG TAX IN              | City of Lees Summit MO                                              | CUSIP: 524309AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1766895.30   | 0.25%             | 2037-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #12 SPL ASSMNT REVE              | Village Community Development District No 12                        | CUSIP: 92708FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2347219.44   | 0.33%             | 2043-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District                                 | CUSIP: 51265KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1127805.72   | 0.16%             | 2046-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                          | CUSIP: 45204EU55<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10510.93     | 0.00%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                    | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497036.40    | 0.07%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3221779.04   | 0.45%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV              | County of Franklin OH                                               | CUSIP: 353187BS5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1761615.00   | 0.25%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN              | City of Henderson KY                                                | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $445759.62    | 0.06%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN              | State of Hawaii Department of Budget & Finance                      | CUSIP: 419800JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2543358.23   | 0.36%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL REVENUE                | Capital Trust Agency Inc                                            | CUSIP: 14052WDN4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882988.82    | 0.12%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED              | Clifton Higher Education Finance Corp                               | CUSIP: 187145BJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000361.94   | 0.14%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI              | Washington State Housing Finance Commission                         | CUSIP: 939783RY4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009782.10   | 0.28%             | 2044-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                 | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $823975.51    | 0.12%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                    | CUSIP: 791524BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937737.20    | 0.13%             | 2045-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                            | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $885165.46    | 0.12%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Prudential Investment Portfolios 4

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Treasurer and Principal Financial and Accounting Officer