# EDGAR Filing Document

**Accession Number:** 0001051562
**File Stem:** 0000940400-25-010801
**Filing Date:** 2025-11
**Character Count:** 102878
**Document Hash:** e433b847e7930c9f88bd7d756ed5a6be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010801.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-010801

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 12
- **CENTRAL INDEX KEY:** 0001051562

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08565
- **FILM NUMBER:** 251527132

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20070111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20050616

## Series and Classes Contracts Data

### PGIM Short Duration Muni Fund (Series ID: S000045516)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000141708 | Class A      | PDSAX           |
| C000141709 | Class C      | PDSCX           |
| C000141710 | Class Z      | PDSZX           |
| C000187453 | Class R6     | PDSQX           |

## 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 12

- **b. Investment Company Act file number:** 811-08565

- **c. CIK number of Registrant:** 0001051562

- **d. LEI of Registrant:** 549300TIDSYQDWW4LP02

- **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 Short Duration Muni Fund

- **b. EDGAR series identifier (if any):** S000045516

- **c. LEI of Series:** 549300XMU0KPHGN5LJ34

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $251879625.84

**Total Liabilities:** $5562073.77

**Net Assets:** $246317552.07

**Delayed Delivery Securities:** $2942230.00

**Cash Not Reported:** $380000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 898.20803000 | **1-Year:** 12737.92257000 | **5-Year:** 48125.12657000 | **10-Year:** 20605.77788000 | **30-Year:** 431.88138000

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

- **3-Month:** 37.48223000 | **1-Year:** 611.86632000 | **5-Year:** 3305.20042000 | **10-Year:** 629.16302000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141710 | 0.57%                | 0.67%                | 0.96%                |
| Class ID C000141708 | 0.55%                | 0.55%                | 0.94%                |
| Class ID C000141709 | 0.56%                | 0.46%                | 0.85%                |
| Class ID C000187453 | 0.57%                | 0.68%                | 0.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $64942.55                | $629980.37                                 |
| Month 2  | $2803.69                 | $989068.28                                 |
| Month 3  | $103750.27               | $1562547.02                                |

**Designated Index Information**

- **Index Name:** PGIM Short Duration Muni Fund_Ex Derivatives BM

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALASKA ST                                        | State of Alaska                                                                 | CUSIP: 0117706K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1168045.20   | 0.47%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO                   | Mississippi Business Finance Corp                                               | CUSIP: 60528ACK8<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3620000.00   | 1.47%             | 2035-11-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 4521525E7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1627876.90   | 0.66%             | 2025-11-01      | 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        |    500000 | PA      | $508058.36    | 0.21%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                             | CUSIP: 452227KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008301.24   | 0.41%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                    | Triborough Bridge & Tunnel Authority                                            | CUSIP: 896032AK5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1169288.86   | 0.47%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                   | Harris County Cultural Education Facilities Finance Corp                        | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214137.94    | 0.09%             | 2054-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC INDL FACS &                   | Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500104.14   | 0.61%             | 2027-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| DELAWARE VLY PA REGL FIN AUTH                    | Delaware Valley Regional Finance Authority                                      | CUSIP: 246579ER3<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |    445000 | PA      | $479182.15    | 0.19%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64971W4U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022604.83   | 0.42%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL HLTH FACS REVEN                   | City of Tallahassee FL                                                          | CUSIP: 874485DC6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |    550000 | PA      | $551620.22    | 0.22%             | 2025-12-01      | Fixed         | 5.00%                 | 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        |   1440000 | PA      | $1456960.58   | 0.59%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                    | Massachusetts Educational Financing Authority                                   | CUSIP: 57563RTY5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042372.59   | 0.42%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA                   | Long Beach Bond Finance Authority                                               | CUSIP: 54241ABC6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    700000 | PA      | $699962.83    | 0.28%             | 2027-11-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| SANGER CA UNIF SCH DIST COPS                     | Sanger Unified School District                                                  | CUSIP: 800860EQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60000.76     | 0.02%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                         | CUSIP: 73358XQJ4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2334094.54   | 0.95%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                           | CUSIP: 187145NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246828.24    | 0.10%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                     | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3000197.30   | 1.22%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204FJ89<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    475000 | PA      | $505087.01    | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority                                    | CUSIP: 64972JPD4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131414.79   | 0.46%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                | CUSIP: 709224J91<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1368344.12   | 0.56%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                   | Tarrant County Cultural Education Facilities Finance Corp                       | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112852.94   | 0.45%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                   | Indianapolis Local Public Improvement Bond Bank                                 | CUSIP: 45528VBD0<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1656139.89   | 0.67%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT                   | Miami-Dade County Housing Finance Authority                                     | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009028.85   | 0.41%             | 2044-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                   | California Community Choice Financing Authority                                 | CUSIP: 13013JAR7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953483.96    | 0.39%             | 2052-02-01      | Variable      | 3.34%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN                   | County of Broward FL Airport System Revenue                                     | CUSIP: 114894VX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500637.13    | 0.20%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FYT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 1.46%             | 2064-05-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                   | Indiana Finance Authority                                                       | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    860000 | PA      | $904334.89    | 0.37%             | 2062-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PLANO TX INDEP SCH DIST                          | Plano Independent School District                                               | CUSIP: 727199H53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139587.10   | 0.46%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                               | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925773.47    | 0.38%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MYRTLE CREEK FL IMPT DIST SPL                    | Myrtle Creek Improvement District                                               | CUSIP: 628583AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $367316.81    | 0.15%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST                         | Conroe Independent School District                                              | CUSIP: 2084185D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113431.40   | 0.45%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE                   | City of Whiting IN                                                              | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303890.99    | 0.12%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority                                    | CUSIP: 64972JQQ4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    500000 | PA      | $573021.32    | 0.23%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080ZA2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034052.73   | 0.42%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR                   | Southern California Public Power Authority                                      | CUSIP: 842469CT3<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    250000 | PA      | $280438.16    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521027.57    | 0.21%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO                   | Mississippi Business Finance Corp                                               | CUSIP: 605277AL6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500218.54    | 0.20%             | 2028-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                    | Los Angeles Department of Water & Power                                         | CUSIP: 5444954Z4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177670.82    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2211010.13   | 0.90%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                        | North Texas Tollway Authority                                                   | CUSIP: 66285WWY8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    415000 | PA      | $417420.24    | 0.17%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA VA REDEV & HSG AUTH                   | Alexandria Redevelopment & Housing Authority                                    | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750289.19   | 0.71%             | 2054-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                    | Los Angeles Department of Water & Power                                         | CUSIP: 5444957D0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259268.28    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                        | County of Utah UT                                                               | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2833472.39   | 1.15%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                   | City of Salt Lake City UT Airport Revenue                                       | CUSIP: 795576ML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208501.28   | 0.90%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080ZF1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1605721.55   | 0.65%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST TURNPIKE AUTH ECON                   | Kentucky Turnpike Authority                                                     | CUSIP: 491552W27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $611376.39    | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                   | West Virginia Economic Development Authority                                    | CUSIP: 95648VBH1<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1492071.76   | 0.61%             | 2038-12-01      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    940000 | PA      | $1026200.64   | 0.42%             | 2059-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                    | Pennsylvania Economic Development Financing Authority                           | CUSIP: 708692BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1215474.99   | 0.49%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                    | Sales Tax Securitization Corp                                                   | CUSIP: 79467BHA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656530.88    | 0.27%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L                   | Central Florida Expressway Authority                                            | CUSIP: 153476CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1670582.11   | 0.68%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                   | Greater Orlando Aviation Authority                                              | CUSIP: 392274W51<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1196112.03   | 0.49%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                    | New York City Housing Development Corp                                          | CUSIP: 64966TGQ1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1447325.13   | 0.59%             | 2046-11-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080XV8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    285000 | PA      | $299123.73    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117515.34   | 0.45%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                   | City of Salt Lake City UT Airport Revenue                                       | CUSIP: 795576FM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $386789.27    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                    | County of Jefferson AL Sewer Revenue                                            | CUSIP: 472682ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125035.32   | 0.46%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO                   | Development Authority of Burke County/The                                       | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $572063.19    | 0.23%             | 2032-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                      | CUSIP: 59447TK69<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534912.76    | 0.22%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                   | Tennessee Energy Acquisition Corp                                               | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4902019.49   | 1.99%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                     | Ohio Air Quality Development Authority                                          | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036638.49   | 0.83%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC                   | Regional Transportation District                                                | CUSIP: 759151BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $638513.01    | 0.26%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE                   | City of Houston TX Combined Utility System Revenue                              | CUSIP: 4424355X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001194.69   | 0.41%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE                   | City of San Antonio TX Electric & Gas Systems Revenue                           | CUSIP: 79625GLG6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137562.10   | 0.46%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A                   | City of Los Angeles Department of Airports                                      | CUSIP: 5444452L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1435981.28   | 0.58%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #7 SPL ASSMNT REVEN                   | Village Community Development District No 7                                     | CUSIP: 92707VAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $245143.16    | 0.10%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                   | Metropolitan Washington Airports Authority Aviation Revenue                     | CUSIP: 592647MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1763964.19   | 0.72%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY POLL CONTROL R                   | County of Trimble KY                                                            | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $711301.23    | 0.29%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3635523 | NS      | $3635522.95   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MICHIGAN ST                                      | State of Michigan                                                               | CUSIP: 594612BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55097.19     | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP                   | Metropolitan Nashville Airport Authority/The                                    | CUSIP: 592190QP0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549341.32    | 0.22%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                   | Tarrant County Cultural Education Facilities Finance Corp                       | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    620000 | PA      | $625179.36    | 0.25%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204EY93<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    725000 | PA      | $753690.97    | 0.31%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                    | Metropolitan Transportation Authority                                           | CUSIP: 59261ASZ1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1790993.17   | 0.73%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                    | Hillsborough County Aviation Authority                                          | CUSIP: 432308M92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1327606.57   | 0.54%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R                   | State of Connecticut Special Tax Revenue                                        | CUSIP: 207758YM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1237638.64   | 0.50%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHS                   | Louisiana Public Facilities Authority                                           | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001219.18   | 0.41%             | 2043-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                   | Health & Educational Facilities Authority of the State of Missouri              | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    335000 | PA      | $336826.26    | 0.14%             | 2051-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX HOTEL OCCUPANCY TAX                    | City of Dallas TX Hotel Occupancy Tax Revenue                                   | CUSIP: 235286AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1033141.46   | 0.42%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                             | CUSIP: 452227SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1964472.46   | 0.80%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204FJ71<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    265000 | PA      | $279090.11    | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                   | West Virginia Economic Development Authority                                    | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002685.01   | 0.41%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000170.97   | 0.41%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SALES                    | Idaho Housing & Finance Association                                             | CUSIP: 45130ABN4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1219907.50   | 0.50%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH                        | Arizona Health Facilities Authority                                             | CUSIP: 040507HN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2460971.25   | 1.00%             | 2037-01-01      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                   | Central Plains Energy Project                                                   | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1297699.04   | 0.53%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO                   | Mississippi Business Finance Corp                                               | CUSIP: 60528ABZ6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4440000.00   | 1.80%             | 2035-11-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                             | State of Ohio                                                                   | CUSIP: 67756CFW3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249354.19    | 0.10%             | 2052-01-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT                   | New Jersey Economic Development Authority                                       | CUSIP: 645780FS1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $597617.57    | 0.24%             | 2025-12-01      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A                   | Washington Health Care Facilities Authority                                     | CUSIP: 93978HUH6<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    375000 | PA      | $389581.40    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    636776 | PA      | $636314.59    | 0.26%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                    | Baldwin County Industrial Development Authority                                 | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522081.83   | 0.62%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FZB3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082758.71   | 0.44%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                        | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200473.82    | 0.08%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1416000 | PA      | $1247813.92   | 0.51%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS                   | Florida Development Finance Corp                                                | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003966.98   | 0.41%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1764720.98   | 0.72%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $700893.70    | 0.28%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA                        | Municipal Electric Authority of Georgia                                         | CUSIP: 6262074P6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    585000 | PA      | $588457.95    | 0.24%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWALK CT HSG AUTH MF HSG REV                   | Norwalk Housing Authority                                                       | CUSIP: 668865AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996612.17    | 0.40%             | 2058-09-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                         | CUSIP: 73358XNJ7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1275627.75   | 0.52%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                    | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302006.86    | 0.12%             | 2027-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY                   | Patriots Energy Group Financing Agency                                          | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    880000 | PA      | $956890.63    | 0.39%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN                   | Indiana Finance Authority                                                       | CUSIP: 45471APH9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1309574.75   | 0.53%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                  | CUSIP: 64613CER5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110487.75   | 0.45%             | 2039-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDU FACS FIN                   | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542QBZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $662995.80    | 0.27%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC                    | City of Atlanta GA Airport Passenger Facility Charge                            | CUSIP: 04780TEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1406297.68   | 0.57%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152420.96   | 0.87%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020399.48   | 0.41%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ED                   | California Municipal Finance Authority                                          | CUSIP: 13049AAE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65442.87     | 0.03%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                    | Los Angeles Department of Water & Power                                         | CUSIP: 544495R30<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    760000 | PA      | $764221.31    | 0.31%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                   | Wisconsin Health & Educational Facilities Authority                             | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    700000 | PA      | $703553.35    | 0.29%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                   | South Carolina Public Service Authority                                         | CUSIP: 837151A74<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    619000 | PA      | $653291.71    | 0.27%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                     | Ohio Air Quality Development Authority                                          | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486749.27    | 0.20%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $240436.53    | 0.10%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                   | Empire State Development Corp                                                   | CUSIP: 650035U55<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1699882.59   | 0.69%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                        | Oklahoma Turnpike Authority                                                     | CUSIP: 679111F33<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132562.10   | 0.46%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532PZ1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1416734.95   | 0.58%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1607931.75   | 0.65%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL                    | Indiana Finance Authority                                                       | CUSIP: 455059AK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $920887.53    | 0.37%             | 2029-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                           | CUSIP: 187145WB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119909.59   | 0.45%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                    | Buckeye Tobacco Settlement Financing Authority                                  | CUSIP: 118217CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $417435.29    | 0.17%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMNTY DEV ADMIN MD MF DEV REVE                   | Maryland Community Development Administration                                   | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020816.50   | 0.41%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                            | CUSIP: 19648FKC7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    390000 | PA      | $397367.96    | 0.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                | CUSIP: 709224QF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1223031.19   | 0.50%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT                   | Miami-Dade County Housing Finance Authority                                     | CUSIP: 593344CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511590.58   | 0.61%             | 2029-09-01      | Variable      | 2.95%                 | 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        |   2000000 | PA      | $2091625.21   | 0.85%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                   | Indiana Finance Authority                                                       | CUSIP: 45470YGF2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1136308.90   | 0.46%             | 2059-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKESIDE PLACE PUB FACS CORP T                   | Lakeside Place PFC                                                              | CUSIP: 512179AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000555.65   | 0.41%             | 2026-11-01      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C                   | Louisa Industrial Development Authority                                         | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007141.19   | 0.41%             | 2035-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080ZB0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523593.56    | 0.21%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                   | Maricopa County Industrial Development Authority                                | CUSIP: 56681NAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340026.38    | 0.14%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                    | Pennsylvania Economic Development Financing Authority                           | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254896.26   | 0.51%             | 2037-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH AFFORDABL                   | New Hampshire Business Finance Authority                                        | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005352.78   | 0.41%             | 2040-10-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP MF REVENUE                      | Utah Housing Corp                                                               | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994586.56    | 0.40%             | 2045-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS                   | Arizona Industrial Development Authority                                        | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535242.77   | 0.62%             | 2058-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                   | California Community Choice Financing Authority                                 | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061100.62   | 0.43%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                   | Virginia Small Business Financing Authority                                     | CUSIP: 928104NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774224.28    | 0.31%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700200.33    | 0.28%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR                   | City & County Honolulu HI Wastewater System Revenue                             | CUSIP: 4387014T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1749806.90   | 0.71%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                    | Triborough Bridge & Tunnel Authority                                            | CUSIP: 89602HAD9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992596.97    | 0.40%             | 2045-05-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -37 | NC      | $-35889.26    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                    | Lakewood Ranch Stewardship District                                             | CUSIP: 51265KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100155.49    | 0.04%             | 2026-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                   | Central Plains Energy Project                                                   | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058479.54   | 0.43%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                           | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1089870.75   | 0.44%             | 2055-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    895000 | PA      | $973874.67    | 0.40%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                     | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2437212.18   | 0.99%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                        | CUSIP: 74442PR64<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048998.87   | 0.83%             | 2055-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                    | New York City Housing Development Corp                                          | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | ABS-MBS          | MUN               | US        |   2000000 | PA      | $2066715.70   | 0.84%             | 2043-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE                   | New Jersey Economic Development Authority                                       | CUSIP: 64577XFB7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    400000 | PA      | $442407.44    | 0.18%             | 2039-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                    | Parish of St James LA                                                           | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997601.93    | 0.41%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| UNIV OF COLORADO CO ENTERPRISE                   | University of Colorado                                                          | CUSIP: 91417NDA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $769469.77    | 0.31%             | 2051-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE                        | City of Charlotte NC Airport Revenue                                            | CUSIP: 161036VV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1226619.50   | 0.50%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                   | South Carolina Jobs-Economic Development Authority                              | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    800000 | PA      | $811895.08    | 0.33%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                   | Chandler Industrial Development Authority                                       | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267882.06   | 0.51%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTHR                   | Orange County Health Facilities Authority                                       | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $700052.58    | 0.28%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH                    | Chester County Industrial Development Authority                                 | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1083157.20   | 0.44%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                               | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930375.82    | 0.38%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                   | Long Island Power Authority                                                     | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1967277.83   | 0.80%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                   | Massachusetts Development Finance Agency                                        | CUSIP: 57585BAM0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067382.58   | 0.43%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #6 SPL ASSMNT REVEN                   | Village Community Development District No 6                                     | CUSIP: 92707UAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $206592.58    | 0.08%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                    | Buckeye Tobacco Settlement Financing Authority                                  | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1418722.68   | 0.58%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                               | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $328841.43    | 0.13%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S                   | Salt Verde Financial Corp                                                       | CUSIP: 79575EAM0<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1301894.53   | 0.53%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                           | CUSIP: 64987J4L2<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004240.04   | 0.41%             | 2064-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD                   | Michigan Strategic Fund                                                         | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1794349.32   | 0.73%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                           | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2295616.61   | 0.93%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                   | Territory of Guam                                                               | CUSIP: 40065NCX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085549.93   | 0.44%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532FX7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    620000 | PA      | $629462.29    | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                               | CUSIP: 249182QH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112613.98   | 0.45%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                         | District of Columbia                                                            | CUSIP: 25483VTR5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1404653.69   | 0.57%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 452153EX3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $2014184.39   | 0.82%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                      | City of Houston TX Airport System Revenue                                       | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1331210.90   | 0.54%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA                   | South Jersey Transportation Authority                                           | CUSIP: 838536NN6<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096591.95   | 0.45%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HSG FIN CORP MF H                   | Arlington Housing Finance Corp                                                  | CUSIP: 041818AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005427.02   | 0.41%             | 2041-04-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                   | New York State Dormitory Authority                                              | CUSIP: 64990FJE5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533294.79    | 0.22%             | 2037-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010336.99   | 0.41%             | 2039-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH IN WSTWTR UTI                   | Indiana Finance Authority                                                       | CUSIP: 45505MPP5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1617846.91   | 0.66%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                     | Tennergy Corp/TN                                                                | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    380000 | PA      | $406482.12    | 0.17%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE                    | County of Cuyahoga OH                                                           | CUSIP: 2322655K0<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207022.19   | 0.49%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power Water System Revenue                    | CUSIP: 544525WQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $433181.75    | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA TOBACCO SETTL                   | District of Columbia Tobacco Settlement Financing Corp                          | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1723617.81   | 0.70%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE                   | Railsplitter Tobacco Settlement Authority                                       | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381373.96    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                      | CUSIP: 45204E7J1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    760000 | PA      | $773085.11    | 0.31%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64971XAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2573607.13   | 1.04%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                   | Oklahoma Development Finance Authority                                          | CUSIP: 67884XCD7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1126256.00   | 0.46%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                   | Maricopa County Industrial Development Authority                                | CUSIP: 56681NAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105586.49    | 0.04%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                   | Oklahoma Development Finance Authority                                          | CUSIP: 67884XCA3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    800000 | PA      | $808649.60    | 0.33%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALG                   | Black Belt Energy Gas District                                                  | CUSIP: 09182RBE0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    170000 | PA      | $171172.77    | 0.07%             | 2049-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532AT1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    580000 | PA      | $590481.57    | 0.24%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST RURAL WTR FIN AUT                   | Minnesota Rural Water Finance Authority Inc                                     | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002807.54   | 0.41%             | 2026-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077231.45   | 0.84%             | 2056-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                  | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2392927.22   | 0.97%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                    | New York City Municipal Water Finance Authority                                 | CUSIP: 64972GKL7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025372.70   | 0.42%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                    | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009495.01   | 0.41%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                        | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999874.95    | 0.41%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                   | Chicago O'Hare International Airport                                            | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552924.77    | 0.22%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE                   | City of San Antonio TX Electric & Gas Systems Revenue                           | CUSIP: 79625GEY5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1465528.79   | 0.59%             | 2049-02-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                   | Empire State Development Corp                                                   | CUSIP: 6500357J1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1421411.29   | 0.58%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                   | Delaware State Economic Development Authority                                   | CUSIP: 246387RQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59892.88     | 0.02%             | 2026-09-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TAX EXEMPT                    | Public Finance Authority                                                        | CUSIP: 74448SAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002346.57   | 0.41%             | 2059-08-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS                   | Knox County Health Educational & Housing Facility Board                         | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400503.97    | 0.16%             | 2027-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                   | Texas Private Activity Bond Surface Transportation Corp                         | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316411.78   | 0.53%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R                   | Tobacco Settlement Financing Corp/RI                                            | CUSIP: 888809BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240288.50    | 0.10%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN                   | California Pollution Control Financing Authority                                | CUSIP: 130536QY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $2500.00      | 0.00%             | 2022-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO                   | Orlando Utilities Commission                                                    | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2317074.27   | 0.94%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority                                    | CUSIP: 64972JAV0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105416.56   | 0.45%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI                   | Florida Higher Educational Facilities Financing Authority                       | CUSIP: 34073TJQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $301768.29    | 0.12%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHATCOM CNTY WA PUBLIC UTIL DI                   | Whatcom County Public Utility District No 1                                     | CUSIP: 962468FD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $342767.21    | 0.14%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                         | CUSIP: 544532CQ5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504147.57    | 0.20%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                             | Stamford Housing Authority                                                      | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212909.94   | 0.49%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WHATCOM CNTY WA PUBLIC UTIL DI                   | Whatcom County Public Utility District No 1                                     | CUSIP: 962468FC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $434058.32    | 0.18%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A                   | Kansas City Industrial Development Authority                                    | CUSIP: 48504NAS8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058298.19   | 0.43%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L                   | North Texas Higher Education Authority Inc                                      | CUSIP: 66286UAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $850887.08    | 0.35%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                               | CUSIP: 452153GM5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1184529.77   | 0.48%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                        | County of Utah UT                                                               | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $351158.79    | 0.14%             | 2060-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT                   | County of Warren MS                                                             | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1282770.92   | 0.52%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                           | CUSIP: 64987JZ38<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212556.55   | 0.49%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                   | New Jersey Educational Facilities Authority                                     | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122126.08   | 0.46%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                    | Orange County Health Facilities Authority                                       | CUSIP: 68450LFZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2530147.86   | 1.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION                    | Texas Municipal Gas Acquisition and Supply Corp I                               | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    690000 | PA      | $704051.47    | 0.29%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                    | Sales Tax Securitization Corp                                                   | CUSIP: 79467BGL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047667.62   | 0.43%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHATCOM CNTY WA PUBLIC UTIL DI                   | Whatcom County Public Utility District No 1                                     | CUSIP: 962468FE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $437454.24    | 0.18%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                         | District of Columbia                                                            | CUSIP: 25483VTQ7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    220000 | PA      | $227805.19    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY                   | Iowa Student Loan Liquidity Corp                                                | CUSIP: 462590PQ7<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    700000 | PA      | $749560.92    | 0.30%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                   | Harris County Cultural Education Facilities Finance Corp                        | CUSIP: 414009MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $286702.55    | 0.12%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA MUNI LIGHT & PWR RE                   | City of Seattle WA Municipal Light & Power Revenue                              | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496397.59    | 0.20%             | 2045-05-01      | Variable      | 3.14%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR                   | New York State Environmental Facilities Corp                                    | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1327462.76   | 0.54%             | 2050-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV                   | City of Farmington NM                                                           | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1389422.15   | 0.56%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Prudential Investment Portfolios 12

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer