# EDGAR Filing Document

**Accession Number:** 0001051562
**File Stem:** 0001752724-23-039206
**Filing Date:** 2023-2
**Character Count:** 177584
**Document Hash:** 28ef1c6ba40c862af8b26cb6a92602be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-039206.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-039206

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 12
- **CENTRAL INDEX KEY:** 0001051562
- **IRS NUMBER:** 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:** 23665195

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 367-8982

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 17TH 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           |

## Nport-Ex

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** | **Long-Term Investments 97.9%** |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama 3.0%** | **Alabama 3.0%** | **Alabama 3.0%** | **Alabama 3.0%** | **Alabama 3.0%** |
| Black Belt Energy Gas District, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Gas Project, Series E, (Mandatory Put Date 06/01/28) | 5.000% | &nbsp;&nbsp;05/01/53 | 2000 | &nbsp;&nbsp; $2105187 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Project No. 5, Series A-1, (Mandatory Put Date 10/01/26) | 4.000 | &nbsp;&nbsp;10/01/49 | 1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1271930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Project No. 8, Series A, (Mandatory Put Date 12/01/29) | 4.000 | &nbsp;&nbsp;12/01/52 | 1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1758534 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series D1, Rfdg., (Mandatory Put Date 06/01/27) | 4.000 | &nbsp;&nbsp;07/01/52 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499726 |
| Selma Industrial Development Board,<br> Revenue, International Paper Co. Project, Series A, Rfdg., (Mandatory Put Date 06/16/25) | 1.375 | &nbsp;&nbsp;05/01/34 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;374692 |
| Southeast Alabama Gas Supply District,<br> Revenue, Project No. 2, Series A, (Mandatory Put Date 06/01/24) | 4.000 | &nbsp;&nbsp;06/01/49 | 1135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132228 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7142297 |
| **Alaska 1.8%** | **Alaska 1.8%** | **Alaska 1.8%** | **Alaska 1.8%** | **Alaska 1.8%** |
| Alaska Industrial Development & Export Authority,<br> Revenue, Tanana Chiefs Conference Project, Series A | 5.000 | &nbsp;&nbsp;10/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108954 |
| City of Valdez, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Exxon Pipeline Co. Project, Series B, Rfdg., FRDD | 3.500(cc) | &nbsp;&nbsp;12/01/33 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Exxon Pipeline Co. Project, Series C, Rfdg., FRDD | 3.500(cc) | &nbsp;&nbsp;12/01/33 | &nbsp;&nbsp;&nbsp;950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;950000 |
| Northern Tobacco Securitization Corp.,<br> Revenue, Senior Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1432910 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4291864 |
| **Arizona 4.7%** | **Arizona 4.7%** | **Arizona 4.7%** | **Arizona 4.7%** | **Arizona 4.7%** |
| Arizona Health Facilities Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Banner Health, Series B | 3.318(cc) | &nbsp;&nbsp;01/01/37 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2299964 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Banner Health, Series B, (Mandatory Put Date 11/04/26) | 3.910(cc) | &nbsp;&nbsp;01/01/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1969089 |
| Arizona Industrial Development Authority,<br> Revenue, Phoenix Children's Hospital Project, Series A | 5.000 | &nbsp;&nbsp;02/01/27 | &nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348530 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** |
| Chandler Industrial Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Intel Corp. Project, (Mandatory Put Date 08/14/23) | 2.400% | &nbsp;&nbsp;12/01/35 | 1340 | &nbsp;&nbsp; $1328611 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Intel Corp., AMT, (Mandatory Put Date 06/03/24) | 5.000 | &nbsp;&nbsp;06/01/49 | 1190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1207854 |
| City of Phoenix Civic Improvement Corp.,<br> Revenue, Senior Lien, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/32 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503996 |
| Industrial Development Authority of the City of Phoenix,<br> Revenue, Great Hearts Academies Project | 3.750 | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203869 |
| Maricopa County Industrial Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Horizon Community Learning Center Project, Rfdg. | 4.000 | &nbsp;&nbsp;07/01/26 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Reid Traditional Schools Project | 4.000 | &nbsp;&nbsp;07/01/26 | &nbsp;&nbsp;&nbsp;410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408667 |
| Maricopa County Special Health Care District,<br> Series D, GO | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388977 |
| Salt Verde Finance Corp.,<br> Revenue, National Gas Utility, Senior Lien | 5.250 | &nbsp;&nbsp;12/01/26 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1330306 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11239982 |
| **California 3.9%** | **California 3.9%** | **California 3.9%** | **California 3.9%** | **California 3.9%** |
| California Community Choice Financing Authority,<br> Revenue, Green Bond Project, Series B-2, (Mandatory Put Date 08/01/31) | 4.110(cc) | &nbsp;&nbsp;02/01/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953799 |
| California Infrastructure & Economic Development<br> Bank, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, J.Paul Getty Trust, Series B-1, Rfdg., (Mandatory Put Date 01/01/24) | 0.390 | &nbsp;&nbsp;10/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;977204 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Sustainability Bond Academy of Sciences, Series B, Rfdg., (Mandatory Put Date 08/01/24) | 4.010(cc) | &nbsp;&nbsp;08/01/47 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2470186 |
| California Municipal Finance Authority,<br> Revenue, American Heritage Foundation, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;06/01/26 | &nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256173 |
| California Pollution Control Financing Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Green Bond Project, AMT, 144A | 7.000 | &nbsp;&nbsp;07/01/22^(d) | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Waste Management, Inc. Project, Series A, (Mandatory Put Date 05/01/24) | 2.500 | &nbsp;&nbsp;11/01/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978908 |
| California School Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Alliance College Ready Public Schools, Series A, Rfdg., 144A | 4.000 | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269071 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Green Dot Public School Project, Series A, 144A | 4.000 | &nbsp;&nbsp;08/01/25 | &nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328150 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** |
| California School Finance Authority, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, KIPP Project, Series A, 144A | 3.625% | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp; $247825 |
| Long Beach Bond Finance Authority,<br> Revenue, Natural Gas, Series B | 4.536(cc) | &nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;684320 |
| Sanger Unified School District,<br> Certificate of Participation, Capital Projects, AGM, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/52 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752426 |
| University of California,<br> Revenue, Series BM, Rfdg.(hh) | 5.000 | &nbsp;&nbsp;05/15/29 | 1145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1301743 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9279805 |
| **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** |
| City & County of Denver Airport System,<br> Revenue, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/29 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2705564 |
| Colorado Educational & Cultural Facilities Authority,<br> Revenue, Lighthouse Building Corp. Stem Project, Rfdg. | 4.000 | &nbsp;&nbsp;11/01/24 | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9926 |
| Colorado Health Facilities Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, CommonSpirit Health, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/27 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1222893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, CommonSpirit Health, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401653 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, CommonSpirit Health, Series A-2, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/26 | &nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, CommonSpirit Health, Series B-2, (Mandatory Put Date 08/01/26) | 5.000 | &nbsp;&nbsp;08/01/49 | 1330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1389559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Intermountain Healthcare, Series C, Rfdg., (Mandatory Put Date 08/15/28) | 5.000 | &nbsp;&nbsp;05/15/62 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, National Jewish Health Project, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/24 | &nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;315060 |
| Park Creek Metropolitan District,<br> Revenue, Senior Ltd. Property Tax, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/23 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111423 |
| Regional Transportation District,<br> Revenue, Denver Transit Partners Eagle P3 Project, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/27 | &nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648597 |
| University of Colorado,<br> University Enterprise Revenue, Green Bond Project, Series C-3B, Rfdg., (Mandatory Put Date 10/15/26) | 2.000 | &nbsp;&nbsp;06/01/51 | &nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756749 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11194302 |
| **Connecticut 1.7%** | **Connecticut 1.7%** | **Connecticut 1.7%** | **Connecticut 1.7%** | **Connecticut 1.7%** |
| Connecticut State Health & Educational Facilities Authority,<br> Revenue, Series 2015-A, Rfdg., (Mandatory Put Date 07/12/24) | 0.375 | &nbsp;&nbsp;07/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965403 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** |
| State of Connecticut, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series B | 5.000% | &nbsp;&nbsp;10/01/37 | 1000 | &nbsp;&nbsp; $1074308 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Transportation Infrastructure Purposes, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/31 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1754692 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Transportation Infrastructure, Series A | 5.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4069403 |
| **Delaware 0.1%** | **Delaware 0.1%** | **Delaware 0.1%** | **Delaware 0.1%** | **Delaware 0.1%** |
| Delaware State Economic Development Authority,<br> Revenue, Newark Charter School, Series A, Rfdg. | 2.800 | &nbsp;&nbsp;09/01/26 | &nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225061 |
| **District of Columbia 1.4%** | **District of Columbia 1.4%** | **District of Columbia 1.4%** | **District of Columbia 1.4%** | **District of Columbia 1.4%** |
| District of Columbia KIPP Charter School, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Project Series B, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/27 | &nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Rfdg. (Escrowed to Maturity Date 07/01/23)(ee) | 5.000 | &nbsp;&nbsp;07/01/23 | &nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75750 |
| District of Columbia Water & Sewer Authority,<br> Revenue, Sub Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1048712 |
| Metropolitan Washington Airports Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/26 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1422029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558150 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3337195 |
| **Florida 7.9%** | **Florida 7.9%** | **Florida 7.9%** | **Florida 7.9%** | **Florida 7.9%** |
| City of Tallahassee, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Memorial Health Care, Inc. Project, Series A | 5.000 | &nbsp;&nbsp;12/01/23 | &nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257950 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Memorial Health Care, Inc. Project, Series A | 5.000 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;571664 |
| County of Broward Airport System, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/26 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series B, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1066156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series B, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073591 |
| County of Lee Airport,<br> Revenue, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1060396 |
| Florida Development Finance Corp.,<br> Revenue, Brightline Passenger Rail Expansion Project, Series A, AMT, (Mandatory Put Date 04/04/23) | 2.900 | &nbsp;&nbsp;12/01/56 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1993913 |
| Greater Orlando Aviation Authority,<br> Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/28 | 1730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875298 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** |
| Lakewood Ranch Stewardship District, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment | 4.250% | &nbsp;&nbsp;05/01/25 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp; $198749 |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment | 4.250 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246871 |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment | 4.625 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498474 |
| Myrtle Creek Improvement District,<br> Special Assessment, Series A, BAM, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874899 |
| Orange County Health Facilities Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Orlando Health Care Obligated Group, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/25 | 2330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2440296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Orlando Health Care Obligated Group, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/26 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1381098 |
| Orlando Utilities Commission,<br> Revenue, Series B, (Mandatory Put Date 10/01/28) | 1.250 | &nbsp;&nbsp;10/01/46 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2041314 |
| Village Community Development District No. 06,<br> Special Assessment, Revenue, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;224043 |
| Village Community Development District No. 07, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment, Revenue, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/24 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1399747 |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment, Revenue, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/25 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867448 |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Assessment, Revenue, Rfdg. | 4.000 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260427 |
| Village Community Development District No. 12,<br> Special Assessment, Revenue, 144A | 3.250 | &nbsp;&nbsp;05/01/23 | &nbsp;&nbsp;&nbsp;&nbsp;70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69701 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18923626 |
| **Georgia 6.9%** | **Georgia 6.9%** | **Georgia 6.9%** | **Georgia 6.9%** | **Georgia 6.9%** |
| Burke County Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Georgia Power Co. Plant Vogtle Project, (Mandatory Put Date 05/25/23) | 2.250 | &nbsp;&nbsp;10/01/32 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Georgia Power Co. Plant Vogtle Project, Rfdg., (Mandatory Put Date 08/22/24) | 1.700 | &nbsp;&nbsp;12/01/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Oglethorpe Power Corp., Series V, Rfdg., (Mandatory Put Date 02/03/25) | 3.250 | &nbsp;&nbsp;11/01/45 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491565 |
| City of Atlanta Department of Aviation,<br> Revenue, Series B, AMT | 5.000 | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348353 |
| Main Street Natural Gas, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, (Mandatory Put Date 09/01/27) | 4.000 | &nbsp;&nbsp;07/01/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series B, (Mandatory Put Date 09/01/23) | 3.510(cc) | &nbsp;&nbsp;04/01/48 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1290441 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series B, (Mandatory Put Date 12/02/24) | 4.000 | &nbsp;&nbsp;08/01/49 | 4080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4079805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series C, (Mandatory Put Date 09/01/26) | 4.000 | &nbsp;&nbsp;03/01/50 | 1890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1864420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series C, (Mandatory Put Date 12/01/28) | 4.000 | &nbsp;&nbsp;05/01/52 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1026133 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Sub-Series C, (Mandatory Put Date 12/01/23) | 4.000 | &nbsp;&nbsp;08/01/48 | 2080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071443 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** |
| Municipal Electric Authority of Georgia, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Power Revenue, Series HH, Rfdg. | 5.000% | &nbsp;&nbsp;01/01/29 | 1315 | &nbsp;&nbsp; $1409585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Combined Cycle Project, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;11/01/24 | 1080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Project No. 1, Sub-Bonds, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;612965 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16497187 |
| **Idaho 0.4%** | **Idaho 0.4%** | **Idaho 0.4%** | **Idaho 0.4%** | **Idaho 0.4%** |
| County of Nez Perce,<br> Revenue, Potlatch Corp. Project, Rfdg. | 2.750 | &nbsp;&nbsp;10/01/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975489 |
| **Illinois 13.0%** | **Illinois 13.0%** | **Illinois 13.0%** | **Illinois 13.0%** | **Illinois 13.0%** |
| Chicago O'Hare International Airport, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, General Senior Lien, Series C, AMT, Rfdg. | 5.500 | &nbsp;&nbsp;01/01/34 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Ohare International Airport, Senior Lien, Series C, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;&nbsp;985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1016552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series C, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000 |
| Chicago Transit Authority Capital Grant Receipts,<br> Revenue, Section 5307, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1075958 |
| City of Chicago, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2003-B, GO, Rfdg. (Escrowed to Maturity Date 01/01/23)(ee) | 5.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035784 |
| City of Chicago Wastewater Transmission, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Lien | 5.000 | &nbsp;&nbsp;01/01/25 | &nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615359 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Lien, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545000 |
| City of Chicago Waterworks, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Lien Project | 5.000 | &nbsp;&nbsp;11/01/25 | &nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Lien Project, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135103 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Lien, Rfdg. | 4.000 | &nbsp;&nbsp;11/01/24 | &nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280001 |
| County of Cook, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/28 | &nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495450 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1115520 |
| Illinois Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Advocate Health Care Network, Series A-3, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/30 | 1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164717 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Advocate Health Care Project, Series A-1, Rfdg. | 4.000 | &nbsp;&nbsp;11/01/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1008657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, American Water Capital Corp. Project, Rfdg., (Mandatory Put Date 09/01/23) | 0.700 | &nbsp;&nbsp;05/01/40 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590698 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** |
| Railsplitter Tobacco Settlement Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 5.000% | &nbsp;&nbsp;06/01/26 | 3250 | &nbsp;&nbsp; $3450038 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116765 |
| Regional Transportation Authority,<br> Revenue, NATL, Series A, Rfdg. | 5.500 | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020757 |
| Sales Tax Securitization Corp.,<br> Revenue, Second Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065007 |
| State of Illinois, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;05/01/23 | &nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130511 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Build Illinois Bonds, Junior Obligation, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/24 | &nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Build Illinois Bonds, Junior Obligation, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/26 | 1935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015554 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Junior Series D, BAM, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/25 | 1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 4.000 | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, GO, Rfdg. | 5.000 | &nbsp;&nbsp;03/01/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/23 | 2260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2282543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/26 | 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3813731 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31255807 |
| **Indiana 1.5%** | **Indiana 1.5%** | **Indiana 1.5%** | **Indiana 1.5%** | **Indiana 1.5%** |
| City of Rockport,<br> Revenue, Power Co. Project, Series A, Rfdg. | 3.050 | &nbsp;&nbsp;06/01/25 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496870 |
| City of Whiting Environmental Facilities,<br> Revenue, BP Products, AMT, Rfdg., (Mandatory Put Date 06/05/26) | 5.000 | &nbsp;&nbsp;12/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027037 |
| Indiana Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Indiana University Health, Inc., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/25 | 1195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1266510 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Power & Light Co. Project, Series A, Rfdg. | 1.400 | &nbsp;&nbsp;08/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872833 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3663250 |
| **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** |
| PEFA, Inc.,<br> Revenue, Gas Project, Series A-1, (Mandatory Put Date 09/01/26) | 5.000 | &nbsp;&nbsp;09/01/49 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2182906 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Kentucky 2.3%** | **Kentucky 2.3%** | **Kentucky 2.3%** | **Kentucky 2.3%** | **Kentucky 2.3%** |
| County of Trimble,<br> Revenue, Louisville Gas & Electric Project, Series A, AMT, Rfdg., (Mandatory Put Date 09/01/27) | 1.300% | &nbsp;&nbsp;09/01/44 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp; $643535 |
| Kentucky Public Energy Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Gas Supply, Series B, (Mandatory Put Date 01/01/25) | 4.000 | &nbsp;&nbsp;01/01/49 | 1560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552814 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Gas Supply, Series C-1, (Mandatory Put Date 06/01/25) | 4.000 | &nbsp;&nbsp;12/01/49 | 2440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2414436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series C, (Mandatory Put Date 02/01/28) | 4.000 | &nbsp;&nbsp;02/01/50 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989059 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5599844 |
| **Louisiana 1.0%** | **Louisiana 1.0%** | **Louisiana 1.0%** | **Louisiana 1.0%** | **Louisiana 1.0%** |
| City of New Orleans,<br> GO, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/23 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152493 |
| City of New Orleans Sewerage Service, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 5.000 | &nbsp;&nbsp;06/01/23 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue | 5.000 | &nbsp;&nbsp;06/01/24 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204443 |
| Louisiana Offshore Terminal Authority,<br> Revenue, Loop LLC Project, Series C, Rfdg., (Mandatory Put Date 12/01/23) | 1.650 | &nbsp;&nbsp;09/01/34 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490434 |
| Louisiana Public Facilities Authority,<br> Revenue, Ochsner Clinic Foundation Project, Series B, Rfdg., (Mandatory Put Date 05/15/25) | 5.000 | &nbsp;&nbsp;05/15/50 | 1065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1109737 |
| Parish of St. John the Baptist,<br> Revenue, Marathon Oil Corp. Project, Rfdg., (Mandatory Put Date 07/01/24) | 2.100 | &nbsp;&nbsp;06/01/37 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191893 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2450837 |
| **Maryland 0.6%** | **Maryland 0.6%** | **Maryland 0.6%** | **Maryland 0.6%** | **Maryland 0.6%** |
| Maryland Economic Development Corp.,<br> Revenue, Transportation Facilities Project, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/24 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357309 |
| State of Maryland,<br> Second Series A, Bid Group 1, GO | 5.000 | &nbsp;&nbsp;08/01/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1058691 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1416000 |
| **Massachusetts 0.3%** | **Massachusetts 0.3%** | **Massachusetts 0.3%** | **Massachusetts 0.3%** | **Massachusetts 0.3%** |
| Massachusetts Port Authority,<br> Revenue, Series C, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;723326 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Michigan 1.6%** | **Michigan 1.6%** | **Michigan 1.6%** | **Michigan 1.6%** | **Michigan 1.6%** |
| Michigan Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Series A, Class 1, Rfdg. | 4.000% | &nbsp;&nbsp;06/01/23 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp; $100127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/27 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;527400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;&nbsp;660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701528 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1068854 |
| Michigan Strategic Fund,<br> Revenue, Graphic Packaging International LLC, Green Bond Recycle Project, AMT, (Mandatory Put Date 10/01/26) | 4.000 | &nbsp;&nbsp;10/01/61 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1463676 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3861585 |
| **Mississippi 1.0%** | **Mississippi 1.0%** | **Mississippi 1.0%** | **Mississippi 1.0%** | **Mississippi 1.0%** |
| County of Warren,<br> Revenue, International Paper Co. Project, Rfdg., (Mandatory Put Date 09/01/23) | 2.900 | &nbsp;&nbsp;09/01/32 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247246 |
| Mississippi Business Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Chevron USA, Inc., Series C, FRDD | 3.550(cc) | &nbsp;&nbsp;11/01/35 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Chevron USA, Inc., Series I, FRDD | 3.550(cc) | &nbsp;&nbsp;11/01/35 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Pollution Control, Rfdg. | 3.200 | &nbsp;&nbsp;09/01/28 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;479457 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326703 |
| **Missouri 1.2%** | **Missouri 1.2%** | **Missouri 1.2%** | **Missouri 1.2%** | **Missouri 1.2%** |
| Health & Educational Facilities Authority of the State of<br> Missouri, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, BJC Health System, Series C, Rfdg., (Mandatory Put Date 05/01/28) | 5.000 | &nbsp;&nbsp;05/01/52 | &nbsp;&nbsp;&nbsp;745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;814091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Lutheran Senior Services, Rfdg. | 5.000 | &nbsp;&nbsp;02/01/35 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993448 |
| Kansas City Industrial Development Authority,<br> Revenue, International Airport Terminal, Series B, AMT | 5.000 | &nbsp;&nbsp;03/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1073596 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2881135 |
| **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** |
| Central Plains Energy Project,<br> Revenue, Project No. 4, (Mandatory Put Date 01/01/24) | 5.000 | &nbsp;&nbsp;03/01/50 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1285189 |
| **Nevada 0.4%** | **Nevada 0.4%** | **Nevada 0.4%** | **Nevada 0.4%** | **Nevada 0.4%** |
| County of Clark Department of Aviation,<br> Revenue, Sub-Series B, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1074464 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New Jersey 5.2%** | **New Jersey 5.2%** | **New Jersey 5.2%** | **New Jersey 5.2%** | **New Jersey 5.2%** |
| New Jersey Economic Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, American Water Co. Inc. Project, Series A, Rfdg. | 1.000% | &nbsp;&nbsp;06/01/23 | 1375 | &nbsp;&nbsp; $1360422 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, American Water Co. Inc. Project, Series B, AMT, Rfdg., (Mandatory Put Date 06/01/23) | 1.200 | &nbsp;&nbsp;11/01/34 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;495406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, American Water Co. Inc. Project, Series E, AMT, Rfdg. | 0.850 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559529 |
| New Jersey Health Care Facilities Financing Authority,<br> Revenue, University Hospital, Series A, AGM, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/23 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;504073 |
| New Jersey Higher Education Student Assistance Authority,<br> Revenue, Senior Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/24 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410915 |
| New Jersey Transportation Trust Fund Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series AA, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855864 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Transportation System, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/26 | &nbsp;&nbsp;&nbsp;620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659544 |
| New Jersey Turnpike Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A | 5.000 | &nbsp;&nbsp;01/01/27 | &nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series D-1, Rfdg. | 3.584(cc) | &nbsp;&nbsp;01/01/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1009285 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series E | 5.000 | &nbsp;&nbsp;01/01/32 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1043718 |
| Tobacco Settlement Financing Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/25 | 1895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1966412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/27 | 2420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2554474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355132 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12399527 |
| **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** |
| City of Farmington,<br> Revenue, 4 Corners Project, Rfdg. | 1.800 | &nbsp;&nbsp;04/01/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253801 |
| **New York 5.4%** | **New York 5.4%** | **New York 5.4%** | **New York 5.4%** | **New York 5.4%** |
| City of New York,<br> Fiscal 2015, Sub-Series F-4, GO, (Mandatory Put Date 12/01/25) | 5.000 | &nbsp;&nbsp;06/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2088495 |
| Long Island Power Authority,<br> Revenue, Series B, Rfdg., (Mandatory Put Date 09/01/26) | 1.500 | &nbsp;&nbsp;09/01/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1897073 |
| New York City Industrial Development Agency,<br> Revenue, Queens Baseball Stadium Project, Series A, AGM, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1088998 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** |
| New York City Transitional Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Future Tax Secured, Fiscal 2015, Sub-Series E-1 | 5.000% | &nbsp;&nbsp;02/01/41 | 1605 | &nbsp;&nbsp; $1648825 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Sub-Series A-2 | 5.000 | &nbsp;&nbsp;08/01/38 | 1785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1884745 |
| New York State Urban Development Corp.,<br> Revenue, Personal Income Tax, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;03/15/31 | 1685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1803475 |
| New York Transportation Development Corp.,<br> Revenue, JFK International Air Terminal Project, Series A, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207118 |
| Port Authority of New York & New Jersey,<br> Revenue, Series 226, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845394 |
| Triborough Bridge & Tunnel Authority,<br> Revenue, Series A-2, Rfdg., (Mandatory Put Date 05/15/26) | 2.000 | &nbsp;&nbsp;05/15/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;970385 |
| TSASC, Inc., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/24 | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/25 | &nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103216 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12919440 |
| **North Dakota 0.2%** | **North Dakota 0.2%** | **North Dakota 0.2%** | **North Dakota 0.2%** | **North Dakota 0.2%** |
| Cass County Joint Water Resource District,<br> Series A, GO | 0.480 | &nbsp;&nbsp;05/01/24 | &nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533013 |
| **Ohio 3.7%** | **Ohio 3.7%** | **Ohio 3.7%** | **Ohio 3.7%** | **Ohio 3.7%** |
| Akron Bath Copley Joint Township Hospital District,<br> Revenue, Summa Health Obligation Group, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/27 | &nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195772 |
| American Municipal Power, Inc.,<br> Revenue, Prairie State Energy, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2041111 |
| Buckeye Tobacco Settlement Financing Authority,<br> Revenue, Senior Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1370207 |
| County of Cuyahoga, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, MetroHealth System, Rfdg. | 4.000 | &nbsp;&nbsp;02/15/29 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1191571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, MetroHealth System, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/25 | &nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712021 |
| Lancaster Port Authority,<br> Revenue, Natural Gas, Series A, Rfdg., (Mandatory Put Date 02/01/25) | 5.000 | &nbsp;&nbsp;08/01/49 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305307 |
| Ohio Air Quality Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, American Electric Power Co. Project, Series A, (Mandatory Put Date 10/01/29) | 2.400 | &nbsp;&nbsp;12/01/38 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440776 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** |
| Ohio Air Quality Development Authority, (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Duke Energy Corp. Project, Series A, AMT, Rfdg., (Mandatory Put Date 06/01/27) | 4.250% | &nbsp;&nbsp;11/01/39 | 2000 | &nbsp;&nbsp; $1997569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Ohio Valley Electric Corp. Project, Series B, (Mandatory Put Date 11/01/24) | 1.375 | &nbsp;&nbsp;02/01/26 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705787 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8960121 |
| **Oklahoma 0.8%** | **Oklahoma 0.8%** | **Oklahoma 0.8%** | **Oklahoma 0.8%** | **Oklahoma 0.8%** |
| Oklahoma Development Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, University of Oklahoma Medicine Project, Series B | 5.000 | &nbsp;&nbsp;08/15/25 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791781 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, University of Oklahoma Medicine Project, Series B | 5.000 | &nbsp;&nbsp;08/15/29 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1055854 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1847635 |
| **Pennsylvania 2.6%** | **Pennsylvania 2.6%** | **Pennsylvania 2.6%** | **Pennsylvania 2.6%** | **Pennsylvania 2.6%** |
| Chester County Industrial Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Renaissance Academy Charter School, Rfdg. | 3.750 | &nbsp;&nbsp;10/01/24 | &nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138469 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Renaissance Academy Charter School, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/34 | &nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;357661 |
| City of Philadelphia Airport,<br> Revenue, Private Activity, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/27 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1182789 |
| Delaware Valley Regional Finance Authority,<br> Revenue, Series A, AMBAC | 5.500 | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892621 |
| East Hempfield Township Industrial Development Authority,<br> Revenue, Willow Valley Communities Project, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/23 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505149 |
| Geisinger Authority,<br> Revenue, Geisinger Health System Obligation Group, Series B, Rfdg., (Mandatory Put Date 02/15/27) | 5.000 | &nbsp;&nbsp;04/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1054826 |
| Pennsylvania Economic Development Financing Authority,<br> Revenue, Waste Management Inc., Project, Series B, AMT, Rfdg., (Mandatory Put Date 11/02/26) | 1.100 | &nbsp;&nbsp;06/01/31 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1137270 |
| Pennsylvania Turnpike Commission,<br> Revenue, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/30 | &nbsp;&nbsp;&nbsp;430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492226 |
| Philadelphia Gas Works Co.,<br> Revenue, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/25 | &nbsp;&nbsp;&nbsp;420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438826 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6199837 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Puerto Rico 1.3%** | **Puerto Rico 1.3%** | **Puerto Rico 1.3%** | **Puerto Rico 1.3%** | **Puerto Rico 1.3%** |
| Commonwealth of Puerto Rico,<br> Restructured, Series A, GO, CABS | 4.797 %(t) | &nbsp;&nbsp;07/01/24 | 3077 | &nbsp;&nbsp; $2865887 |
| Puerto Rico Sales Tax Financing Corp.,<br> Revenue, Series A-1, CABS | 4.834(t) | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232685 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3098572 |
| **Rhode Island 1.2%** | **Rhode Island 1.2%** | **Rhode Island 1.2%** | **Rhode Island 1.2%** | **Rhode Island 1.2%** |
| Tobacco Settlement Financing Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/23 | &nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793953 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/24 | 1940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974486 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245024 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3013463 |
| **South Carolina 1.6%** | **South Carolina 1.6%** | **South Carolina 1.6%** | **South Carolina 1.6%** | **South Carolina 1.6%** |
| Charleston County Airport District,<br> Revenue, Series A, AMT, (Pre-refunded Date 07/01/23)(ee) | 5.250 | &nbsp;&nbsp;07/01/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015965 |
| County of Richland,<br> Revenue, International Paper Co. Project, Series A, Rfdg. | 3.875 | &nbsp;&nbsp;04/01/23 | 1115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113397 |
| South Carolina Public Service Authority,<br> Revenue, Santee Cooper Exchange Bonds, Series A, Rfdg. | 4.000 | &nbsp;&nbsp;12/01/29 | &nbsp;&nbsp;&nbsp;619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638608 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3767970 |
| **Tennessee 2.9%** | **Tennessee 2.9%** | **Tennessee 2.9%** | **Tennessee 2.9%** | **Tennessee 2.9%** |
| Memphis-Shelby County Airport Authority,<br> Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516809 |
| Metropolitan Nashville Airport Authority,<br> Revenue, Series B, AMT | 5.250 | &nbsp;&nbsp;07/01/34 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549869 |
| Tennergy Corp.,<br> Revenue, Series A, (Mandatory Put Date 09/01/28) | 4.000 | &nbsp;&nbsp;12/01/51 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;975977 |
| Tennessee Energy Acquisition Corp.,<br> Revenue, (Mandatory Put Date 11/01/25) | 4.000 | &nbsp;&nbsp;11/01/49 | 4900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4894274 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6936929 |
| **Texas 7.1%** | **Texas 7.1%** | **Texas 7.1%** | **Texas 7.1%** | **Texas 7.1%** |
| Bexar County Health Facilities Development Corp.,<br> Revenue, Army Retirement Residence Foundation, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/24 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;501041 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** |
| Central Texas Regional Mobility Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Lien, Series A, Rfdg. | 5.000% | &nbsp;&nbsp;01/01/23 | &nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp; $610000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Senior Lien, Series D, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1166226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Sub-Series F, BANS | 5.000 | &nbsp;&nbsp;01/01/25 | &nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696005 |
| City of Austin Water & Wastewater System,<br> Revenue, Rfdg.(hh) | 5.000 | &nbsp;&nbsp;11/15/28 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2247414 |
| City of Dallas Hotel Occupancy,<br> Tax Revenue, Rfdg. | 4.000 | &nbsp;&nbsp;08/15/28 | 1025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1040085 |
| City of San Antonio Electric & Gas Systems, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Junior Lien, Rfdg., (Mandatory Put Date 12/01/27) | 2.000 | &nbsp;&nbsp;02/01/49 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1434277 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Junior Lien, Series B, Rfdg. | 3.000 | &nbsp;&nbsp;02/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007561 |
| Clear Creek Independent School District,<br> Permanent School Fund Program, GO, (Mandatory Put Date 08/15/24) | 0.280 | &nbsp;&nbsp;02/15/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940918 |
| Clifton Higher Education Finance Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Idea Public Schools, Series B | 4.000 | &nbsp;&nbsp;08/15/23 | &nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Idea Public Schools, Series B | 5.000 | &nbsp;&nbsp;08/15/25 | &nbsp;&nbsp;&nbsp;210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217199 |
| Decatur Hospital Authority,<br> Revenue, Wise Regional Health Systems, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/23 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150366 |
| Harris County Cultural Education Facilities Finance Corp.,<br> Revenue, Baylor College of Medicine, Series A, Rfdg., (Mandatory Put Date 07/01/24) | 3.534(cc) | &nbsp;&nbsp;11/15/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007294 |
| New Caney Independent School District,<br> Permanent School Fund Program, GO, (Mandatory Put Date 08/15/24) | 1.250 | &nbsp;&nbsp;02/15/50 | &nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;633754 |
| North Texas Tollway Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Tier, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Second Tier, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | &nbsp;&nbsp;&nbsp;415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442242 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Unrefunded, Second Tier, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35050 |
| Tarrant County Cultural Education Facilities Finance<br> Corp., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Baylor Scott and White Health Project, Series F, (Mandatory Put Date 11/15/30) | 5.000 | &nbsp;&nbsp;11/15/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Texas Health Resources System, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/26 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187738 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Trinity Terrace Project, Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637745 |
| Texas Municipal Gas Acquisition & Supply Corp. I,<br> Revenue, Senior Lien, Series D | 6.250 | &nbsp;&nbsp;12/15/26 | &nbsp;&nbsp;&nbsp;605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635175 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16965934 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Utah 1.1%** | **Utah 1.1%** | **Utah 1.1%** | **Utah 1.1%** | **Utah 1.1%** |
| Salt Lake City Airport, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT | 5.000% | &nbsp;&nbsp;07/01/23 | &nbsp;&nbsp;&nbsp;535 | &nbsp;&nbsp; $538930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/26 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217721 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397280 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621218 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2775149 |
| **Virginia 0.4%** | **Virginia 0.4%** | **Virginia 0.4%** | **Virginia 0.4%** | **Virginia 0.4%** |
| Virginia Small Business Financing Authority,<br> Revenue, Elizabeth River Crossings Project, Senior Lien, AMT, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/30 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;753840 |
| Wise County Industrial Development Authority,<br> Revenue, Virginia Electric & Power Co., Series A, (Mandatory Put Date 05/31/24) | 1.200 | &nbsp;&nbsp;11/01/40 | &nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239343 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993183 |
| **Washington 1.9%** | **Washington 1.9%** | **Washington 1.9%** | **Washington 1.9%** | **Washington 1.9%** |
| City of Seattle Municipal Light & Power,<br> Revenue, Series B, Rfdg., (Mandatory Put Date 11/01/26) | 3.910(cc) | &nbsp;&nbsp;05/01/45 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490891 |
| Port of Seattle, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Intermediate Lein Private Activity, Series C, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1602793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Intermediate Lien, AMT | 5.000 | &nbsp;&nbsp;04/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1075075 |
| Washington Economic Development Finance Authority,<br> Revenue, Mura Cascade ELP LLC Project, AMT, Rfdg., (Mandatory Put Date 12/08/23), 144A | 3.900 | &nbsp;&nbsp;12/01/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;993565 |
| Washington Health Care Facilities Authority,<br> Revenue, Overlake Hospital Medical Center, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400446 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4562770 |
| **West Virginia 1.0%** | **West Virginia 1.0%** | **West Virginia 1.0%** | **West Virginia 1.0%** | **West Virginia 1.0%** |
| West Virginia Economic Development Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Appalachian Power Co. Amos Project, Series A, Rfdg., (Mandatory Put Date 04/01/24) | 2.550 | &nbsp;&nbsp;03/01/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Appalachian Power Co. Project, Series A, Rfdg., (Mandatory Put Date 12/01/25) | 0.625 | &nbsp;&nbsp;12/01/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1358189 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2337647 |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** |
| Public Finance Authority, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Bancroft Neurohealth Project, Series A, 144A | 5.000% | &nbsp;&nbsp;06/01/23 | 500 | &nbsp;&nbsp; $500279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenue, Trips Obligation Group, Senior Series E, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/23 | 355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;355026 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855305 |
| **Total Long-Term Investments<br> (cost $244,876,224)** | **Total Long-Term Investments<br> (cost $244,876,224)** | **Total Long-Term Investments<br> (cost $244,876,224)** | **Total Long-Term Investments<br> (cost $244,876,224)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;235317553 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |  |
| **Short-Term Investment 2.6%** | **Short-Term Investment 2.6%** | **Short-Term Investment 2.6%** |  |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Ultra Short Bond Fund<br> (cost $6,188,444)(wb) |  | 6188444 |  |
| **TOTAL INVESTMENTS 100.5%<br> (cost $251,064,668)** | **TOTAL INVESTMENTS 100.5%<br> (cost $251,064,668)** | **TOTAL INVESTMENTS 100.5%<br> (cost $251,064,668)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241505997 |
| Liabilities in excess of other assets (0.5)% | Liabilities in excess of other assets (0.5)% | Liabilities in excess of other assets (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1313304) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$240192693 |

---

------

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| AGM—Assured Guaranty Municipal Corp. |
| AMBAC—American Municipal Bond Assurance Corp. |
| AMT—Alternative Minimum Tax |
| BAM—Build America Mutual |
| BANS—Bond Anticipation Notes |
| CABS—Capital Appreciation Bonds |
| FRDD—Floating Rate Daily Demand Note |
| GO—General Obligation |
| NATL—National Public Finance Guarantee Corp. |
| Rfdg—Refunding |

---

---

| | |
|:---|:---|
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 instrument. The aggregate value of Level 3 instruments is $60,000 and 0.0% of net assets. |
| (cc) | Variable rate instrument. The rate shown is based on the latest available information as of December 31, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |

---

------

#### PGIM Short Duration Muni Fund

#### Schedule of Investments as of December 31, 2022 (unaudited) (continued)
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.

(ee) All or partial escrowed to maturity and pre-refunded issues are secured by escrowed cash, a guaranteed investment contract and /or U.S. guaranteed obligations.

(hh) When-issued security.

(t) Represents zero coupon. Rate quoted represents effective yield at December 31, 2022.

(wb) PGIM Investments LLC, the manager of the Fund, also serves as manager of the PGIM Core Ultra Short Bond Fund.

Other information regarding the Fund is available in the Fund's most recent Report to Shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prudential Investment Portfolios 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:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $244632631.19

**Total Liabilities:** $4764537.21

**Net Assets:** $239868093.98

**Delayed Delivery Securities:** $3457086.05

**Cash Not Reported:** $5709062.61

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 612.46191000 | **1-Year:** 19356.51717000 | **5-Year:** 46278.40150000 | **10-Year:** 5173.00832000 | **30-Year:** 0.00000000

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

- **3-Month:** 4.50536000 | **1-Year:** 571.75587000 | **5-Year:** 974.74868000 | **10-Year:** 38.82029000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000141710 | -0.27%               | 2.16%                | 0.28%                |
| Class ID C000141708 | -0.41%               | 2.13%                | 0.35%                |
| Class ID C000141709 | -0.48%               | 2.06%                | 0.28%                |
| Class ID C000187453 | -0.27%               | 2.16%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1463751.34             | $249303.07                                 |
| Month 2  | $-1773132.46             | $6912471.62                                |
| Month 3  | $-903168.11              | $1448699.53                                |

**Designated Index Information**

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

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                            | Title                                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LANCASTER OH PORT AUTH GAS REV  | Lancaster Port Authority                                                | CUSIP: 514401BA5<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305307.20    | 0.13%             | 2049-08-01      | Variable      | 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      | $549868.40    | 0.23%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &  | California Infrastructure & Economic Development Bank                   | CUSIP: 13034AQ52<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2470186.43   | 1.03%             | 2047-08-01      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE   | State of Illinois Sales Tax Revenue                                     | CUSIP: 452227GY1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    705000 | PA      | $709947.30    | 0.30%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                    | TSASC Inc/NY                                                            | CUSIP: 898526ET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103215.56    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CREEK TX INDEP SCH DIST   | Clear Creek Independent School District                                 | CUSIP: 184541EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940917.43    | 0.39%             | 2038-02-15      | Variable      | 0.28%                 | No            |                  2 | On Loan: No      |
| VALDEZ AK MARINE TERMINAL REVE  | City of Valdez AK                                                       | CUSIP: 919061DU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.33%             | 2033-12-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV  | Arizona Industrial Development Authority                                | CUSIP: 04052EAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $348529.72    | 0.15%             | 2027-02-01      | 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      | $232553.96    | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R  | Tobacco Settlement Financing Corp/RI                                    | CUSIP: 888809AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $793952.89    | 0.33%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R  | Central Texas Regional Mobility Authority                               | CUSIP: 155498KR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $696005.10    | 0.29%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX WTR & WSTWTR SYS REV  | City of Austin TX Water & Wastewater System Revenue                     | CUSIP: 052477QC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2247413.94   | 0.94%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R  | Central Texas Regional Mobility Authority                               | CUSIP: 155498CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610000.00    | 0.25%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX HLTH FACS DEV CO  | Bexar County Health Facilities Development Corp                         | CUSIP: 088354FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501041.34    | 0.21%             | 2024-07-15      | 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        |    410000 | PA      | $408667.51    | 0.17%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH      | Massachusetts Port Authority                                            | CUSIP: 575896UV5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    665000 | PA      | $723326.37    | 0.30%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV  | Colorado Health Facilities Authority                                    | CUSIP: 19648AXV2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315060.54    | 0.13%             | 2024-01-01      | 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      | $643534.41    | 0.27%             | 2044-09-01      | Variable      | 1.30%                 | 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      | $559528.93    | 0.23%             | 2025-12-01      | Fixed         | 0.85%                 | 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      | $207118.35    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R  | Central Texas Regional Mobility Authority                               | CUSIP: 155498MX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1166226.21   | 0.49%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL   | New York City Transitional Finance Authority Future Tax Secured Revenue | CUSIP: 64971WUD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1648825.12   | 0.69%             | 2041-02-01      | Fixed         | 5.00%                 | 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      | $440775.72    | 0.18%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA            | Municipal Electric Authority of Georgia                                 | CUSIP: 37329DBE6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1409584.85   | 0.59%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC  | Health & Educational Facilities Authority of the State of Missouri      | CUSIP: 60635HR92<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $993447.56    | 0.41%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE    | PEFA Inc                                                                | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2182905.95   | 0.91%             | 2049-09-01      | Variable      | 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      | $571663.68    | 0.24%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO  | Development Authority of Burke County/The                               | CUSIP: 121342PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248481.01    | 0.10%             | 2032-10-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N  | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $355132.54    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE        | District of Columbia                                                    | CUSIP: 25483VPC2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75749.47     | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES  | University of California                                                | CUSIP: 91412HNK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1301742.93   | 0.54%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT   | Buckeye Tobacco Settlement Financing Authority                          | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1370207.32   | 0.57%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R  | Industrial Development Authority of the City of Phoenix/The             | CUSIP: 71885FDH7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    205000 | PA      | $203869.24    | 0.08%             | 2024-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                    | County of Cook IL                                                       | CUSIP: 213185MX6<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115520.10   | 0.47%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU  | Alaska Industrial Development & Export Authority                        | CUSIP: 011903FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108953.32   | 0.46%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA SEWAGE SVC REVE  | City of New Orleans LA Sewerage Service Revenue                         | CUSIP: 647719NN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204443.05    | 0.09%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A  | Kansas City Industrial Development Authority                            | CUSIP: 48504NAR0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073596.27   | 0.45%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK CO MET DIST REVENUE  | Park Creek Metropolitan District                                        | CUSIP: 700387CX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111423.14   | 0.46%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL   | Black Belt Energy Gas District                                          | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105186.92   | 0.88%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA  | Harris County Cultural Education Facilities Finance Corp                | CUSIP: 414008CJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007293.47   | 0.42%             | 2046-11-15      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT  | District of Columbia Water & Sewer Authority                            | CUSIP: 254845MR8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048712.01   | 0.44%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1864420.00   | 0.78%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH   | Orange County Health Facilities Authority                               | CUSIP: 68450LGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1381098.25   | 0.58%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA  | Chicago O'Hare International Airport                                    | CUSIP: 167593RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.08%             | 2023-01-01      | Fixed         | 5.00%                 | 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      | $648597.00    | 0.27%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DCH3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4079804.53   | 1.70%             | 2049-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IN POLL CONTROL REVEN  | City of Rockport IN                                                     | CUSIP: 773835BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496870.27    | 0.21%             | 2025-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP   | Lakewood Ranch Stewardship District                                     | CUSIP: 51265KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246870.63    | 0.10%             | 2026-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP   | Lakewood Ranch Stewardship District                                     | CUSIP: 51265KAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198749.42    | 0.08%             | 2025-05-01      | Fixed         | 4.25%                 | 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      | $753839.95    | 0.31%             | 2030-01-01      | Fixed         | 4.00%                 | 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      | $60000.00     | 0.03%             | 2022-07-01      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE   | County of Cuyahoga OH                                                   | CUSIP: 2322655F1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    695000 | PA      | $712021.38    | 0.30%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL HLTH FACS REVEN  | City of Tallahassee FL                                                  | CUSIP: 874485DA0<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |    255000 | PA      | $257950.15    | 0.11%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY   | New York City Industrial Development Agency                             | CUSIP: 64971PKW4<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088998.34   | 0.45%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE      | County of Clark Department of Aviation                                  | CUSIP: 18085PSV7<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074463.81   | 0.45%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE  | Railsplitter Tobacco Settlement Authority                               | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3450037.70   | 1.44%             | 2026-06-01      | Fixed         | 5.00%                 | 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      | $245024.14    | 0.10%             | 2028-06-01      | 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      | $4894273.91   | 2.04%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST   | New Jersey Transportation Trust Fund Authority                          | CUSIP: 64613CAK4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    800000 | PA      | $855863.77    | 0.36%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL   | Indiana Finance Authority                                               | CUSIP: 455059AK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $872832.64    | 0.36%             | 2029-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA  | Chicago O'Hare International Airport                                    | CUSIP: 167593Y89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015772.17   | 0.42%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE         | City of Atlanta GA Department of Aviation                               | CUSIP: 04780MVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $348352.58    | 0.15%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV  | City & County of Denver CO Airport System Revenue                       | CUSIP: 249182QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2705563.55   | 1.13%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                    | County of Cook IL                                                       | CUSIP: 213185LV1<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |    450000 | PA      | $495449.86    | 0.21%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                     | State of Maryland                                                       | CUSIP: 574193RN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058690.87   | 0.44%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL  | Chandler Industrial Development Authority                               | CUSIP: 158862BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1328610.94   | 0.55%             | 2035-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP         | Florida Development Finance Corp                                        | CUSIP: 340618DE4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993913.12   | 0.83%             | 2056-12-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TX INDEP SCH DIST     | New Caney Independent School District                                   | CUSIP: 643154HS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $633754.17    | 0.26%             | 2050-02-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DAL6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1290441.13   | 0.54%             | 2048-04-01      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN  | New Jersey Higher Education Student Assistance Authority                | CUSIP: 646080VZ1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410915.44    | 0.17%             | 2024-12-01      | 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        |    500000 | PA      | $498474.05    | 0.21%             | 2027-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO  | Development Authority of Burke County/The                               | CUSIP: 121342PZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967611.54    | 0.40%             | 2049-12-01      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV  | Colorado Health Facilities Authority                                    | CUSIP: 19648FJN5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    375000 | PA      | $401653.09    | 0.17%             | 2028-08-01      | Fixed         | 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      | $1137270.08   | 0.47%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA       | Municipal Electric Authority of Georgia                                 | CUSIP: 6262076F6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1090900.60   | 0.45%             | 2024-11-01      | Fixed         | 4.00%                 | 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        |    605000 | PA      | $635174.99    | 0.26%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N  | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1966411.65   | 0.82%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ED  | California Municipal Finance Authority                                  | CUSIP: 13049AAE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    260000 | PA      | $256173.46    | 0.11%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SELMA AL INDL DEV BRD REVENUE   | Selma Industrial Development Board                                      | CUSIP: 81647PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $374692.26    | 0.16%             | 2034-05-01      | Variable      | 1.38%                 | 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        |    220000 | PA      | $224042.55    | 0.09%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A  | Greater Orlando Aviation Authority                                      | CUSIP: 392274Z25<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1875297.60   | 0.78%             | 2028-10-01      | 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      | $479457.06    | 0.20%             | 2028-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH  | West Virginia Economic Development Authority                            | CUSIP: 95648VBE8<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979457.93    | 0.41%             | 2040-03-01      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO  | Mississippi Business Finance Corp                                       | CUSIP: 60528ACF9<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.33%             | 2035-11-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE   | State of Illinois Sales Tax Revenue                                     | CUSIP: 452227MG3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1366023.93   | 0.57%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH  | Kentucky Public Energy Authority                                        | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1552814.37   | 0.65%             | 2049-01-01      | Variable      | 4.00%                 | 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      | $521590.54    | 0.22%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA  | Chicago O'Hare International Airport                                    | CUSIP: 167593NW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 1.13%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE      | Port of Seattle WA                                                      | CUSIP: 735389G77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075074.69   | 0.45%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE       | City of Chicago IL Waterworks Revenue                                   | CUSIP: 167736B48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $541845.30    | 0.23%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE  | Port Authority of New York & New Jersey                                 | CUSIP: 73358XBY7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    790000 | PA      | $845393.73    | 0.35%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI ARPT FACS R  | Public Finance Authority                                                | CUSIP: 74443CAH6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    355000 | PA      | $355025.76    | 0.15%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH       | Arizona Health Facilities Authority                                     | CUSIP: 040507QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969089.06   | 0.82%             | 2046-01-01      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE    | City of Philadelphia PA Airport Revenue                                 | CUSIP: 717817XH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1182789.20   | 0.49%             | 2027-07-01      | Fixed         | 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        |    800000 | PA      | $800000.00    | 0.33%             | 2035-11-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE    | Michigan Finance Authority                                              | CUSIP: 59447TJ53<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100127.30    | 0.04%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH  | Kentucky Public Energy Authority                                        | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2414435.95   | 1.01%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F  | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638TET6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    630000 | PA      | $637745.08    | 0.27%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE       | North Texas Tollway Authority                                           | CUSIP: 66285WM52<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35050.22     | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU  | Philadelphia Gas Works Co                                               | CUSIP: 7178237H5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    420000 | PA      | $438826.24    | 0.18%             | 2025-08-01      | 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        |   1000000 | PA      | $1027037.12   | 0.43%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                     | State of Illinois                                                       | CUSIP: 452152XS5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130510.76    | 0.05%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &  | California Infrastructure & Economic Development Bank                   | CUSIP: 13034AV31<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977204.36    | 0.41%             | 2047-10-01      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE  | City of San Antonio TX Electric & Gas Systems Revenue                   | CUSIP: 79625GDX8<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007561.42   | 0.42%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL   | Connecticut State Health & Educational Facilities Authority             | CUSIP: 20775DLZ3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965403.29    | 0.40%             | 2035-07-01      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST   | New Jersey Transportation Trust Fund Authority                          | CUSIP: 6461366C0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    620000 | PA      | $659544.16    | 0.27%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL  | Chandler Industrial Development Authority                               | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1207854.08   | 0.50%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED  | Clifton Higher Education Finance Corp                                   | CUSIP: 187145GB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $217199.32    | 0.09%             | 2025-08-15      | 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      | $1358189.16   | 0.57%             | 2038-12-01      | Variable      | 0.62%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ SPL HLTH CARE  | Maricopa County Special Health Care District                            | CUSIP: 56756TBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $388976.99    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE  | City of Salt Lake City UT Airport Revenue                               | CUSIP: 795576GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $621218.18    | 0.26%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFSHORE TERMINAL  | Louisiana Offshore Terminal Authority                                   | CUSIP: 546510FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490434.04    | 0.20%             | 2034-09-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL  | Colorado Educational & Cultural Facilities Authority                    | CUSIP: 19645RYV7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9925.77      | 0.00%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DAW2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2071443.52   | 0.86%             | 2048-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N  | Tobacco Settlement Financing Corp                                       | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2554474.22   | 1.06%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI  | Pennsylvania Turnpike Commission                                        | CUSIP: 709225FW1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    430000 | PA      | $492226.12    | 0.21%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                      | City of Chicago IL                                                      | CUSIP: 167486L49<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035783.62   | 0.43%             | 2028-01-01      | Fixed         | 5.00%                 | 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      | $1897073.22   | 0.79%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1026132.75   | 0.43%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC  | Health & Educational Facilities Authority of the State of Missouri      | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    745000 | PA      | $814090.75    | 0.34%             | 2052-05-01      | Variable      | 5.00%                 | 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        |    795000 | PA      | $892620.83    | 0.37%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F  | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638QSG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110061.80   | 0.46%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU  | New Jersey Turnpike Authority                                           | CUSIP: 6461394W2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    605000 | PA      | $624753.24    | 0.26%             | 2027-01-01      | Fixed         | 5.00%                 | 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      | $1997569.28   | 0.83%             | 2039-11-01      | Variable      | 4.25%                 | 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      | $490890.81    | 0.20%             | 2045-05-01      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL          | Regional Transportation Authority                                       | CUSIP: 759911XU9<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1020756.88   | 0.43%             | 2025-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE      | Public Finance Authority                                                | CUSIP: 74442PCK9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500279.35    | 0.21%             | 2023-06-01      | 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      | $684319.97    | 0.29%             | 2027-11-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| SANGER CA UNIF SCH DIST COPS    | Sanger Unified School District                                          | CUSIP: 800860EM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752426.15    | 0.31%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA SEWAGE SVC REVE  | City of New Orleans LA Sewerage Service Revenue                         | CUSIP: 647719NM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301837.12    | 0.13%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN  | County of Broward FL Airport System Revenue                             | CUSIP: 114894ZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073590.47   | 0.45%             | 2028-10-01      | 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      | $397279.93    | 0.17%             | 2028-07-01      | 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        |   1000000 | PA      | $1074308.09   | 0.45%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH CAPITA  | Chicago Transit Authority Capital Grant Receipts Revenue                | CUSIP: 167723HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075958.10   | 0.45%             | 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        |   1000000 | PA      | $1008657.30   | 0.42%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL ARPT REVENUE        | County of Lee FL Airport Revenue                                        | CUSIP: 523470GG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060395.58   | 0.44%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP  | City of Phoenix Civic Improvement Corp                                  | CUSIP: 71883MJF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503995.97    | 0.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN  | California Pollution Control Financing Authority                        | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978907.62    | 0.41%             | 2038-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV  | Geisinger Authority                                                     | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054825.74   | 0.44%             | 2043-04-01      | Variable      | 5.00%                 | 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      | $1040084.64   | 0.43%             | 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      | $2015553.64   | 0.84%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                     | State of Illinois                                                       | CUSIP: 452152JH5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    360000 | PA      | $360000.00    | 0.15%             | 2023-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV  | Colorado Health Facilities Authority                                    | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222376.56   | 0.93%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU  | New Jersey Turnpike Authority                                           | CUSIP: 6461395T8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043718.11   | 0.44%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC ENVRNMNTL IMP  | County of Richland SC                                                   | CUSIP: 76363PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1113396.99   | 0.46%             | 2023-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                     | State of Illinois                                                       | CUSIP: 452153DE6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018514.25   | 0.42%             | 2025-03-01      | 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        |   2500000 | PA      | $2299963.95   | 0.96%             | 2037-01-01      | Variable      | 3.32%                 | 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      | $1434277.04   | 0.60%             | 2049-02-01      | Variable      | 2.00%                 | 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      | $1191570.55   | 0.50%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #12 SPL ASSMNT REVE  | Village Community Development District No 12                            | CUSIP: 92708FAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69701.33     | 0.03%             | 2023-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH   | American Municipal Power Inc                                            | CUSIP: 02765UGJ7<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041110.68   | 0.85%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE    | Tennergy Corp/TN                                                        | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975977.33    | 0.41%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE  | Railsplitter Tobacco Settlement Authority                               | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116764.58    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                      | City of Chicago IL                                                      | CUSIP: 167486UX5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370000.00    | 0.15%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU  | New Jersey Turnpike Authority                                           | CUSIP: 646140BN2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009284.82   | 0.42%             | 2024-01-01      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY SC ARPT DIST A  | Charleston County Airport District                                      | CUSIP: 160070DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015964.96   | 0.84%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #7 SPL ASSMNT REVEN  | Village Community Development District No 7                             | CUSIP: 92707VAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $867448.24    | 0.36%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE    | Illinois Finance Authority                                              | CUSIP: 45204EY93<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1164717.11   | 0.49%             | 2030-11-01      | 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      | $499725.57    | 0.21%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA                  | City of New Orleans LA                                                  | CUSIP: 64763FVE6<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152492.95    | 0.06%             | 2023-12-01      | 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      | $970384.98    | 0.40%             | 2045-05-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION  | City of Chicago IL Wastewater Transmission Revenue                      | CUSIP: 167727TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615358.85    | 0.26%             | 2025-01-01      | Fixed         | 5.00%                 | 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      | $756748.95    | 0.32%             | 2051-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R  | Tobacco Settlement Financing Corp/RI                                    | CUSIP: 888809AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1974486.39   | 0.82%             | 2024-06-01      | 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        |   1280000 | PA      | $1250118.85   | 0.52%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION  | City of Chicago IL Wastewater Transmission Revenue                      | CUSIP: 167727YS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545000.00    | 0.23%             | 2023-01-01      | 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        |   1820000 | PA      | $1758533.49   | 0.73%             | 2052-12-01      | Variable      | 4.00%                 | 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        |   2330000 | PA      | $2440296.19   | 1.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU  | Louisiana Public Facilities Authority                                   | CUSIP: 546399KT2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1109737.11   | 0.46%             | 2050-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV  | Colorado Health Facilities Authority                                    | CUSIP: 19648FJM7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1222893.03   | 0.51%             | 2027-08-01      | 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        |    255000 | PA      | $260427.06    | 0.11%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR  | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                  | CUSIP: 74529JQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $232685.11    | 0.10%             | 2024-07-01      | None          | 0.00%                 | 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      | $400445.77    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                    | TSASC Inc/NY                                                            | CUSIP: 898526ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381715.77    | 0.16%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E HEMPFIELD TWP PA INDL DEV AU  | East Hempfield Township Industrial Development Authority                | CUSIP: 273007CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505149.08    | 0.21%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN  | Indiana Finance Authority                                               | CUSIP: 45471APH9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1266510.45   | 0.53%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV  | Colorado Health Facilities Authority                                    | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1389559.49   | 0.58%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH  | Kentucky Public Energy Authority                                        | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989058.84    | 0.41%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH   | Chester County Industrial Development Authority                         | CUSIP: 165588CX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $357660.93    | 0.15%             | 2034-10-01      | Fixed         | 5.00%                 | 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        |    860000 | PA      | $874898.76    | 0.36%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE      | Port of Seattle WA                                                      | CUSIP: 735389P44<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602793.58   | 0.67%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F  | New Jersey Health Care Facilities Financing Authority                   | CUSIP: 64579F7F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504072.84    | 0.21%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA  | Chicago O'Hare International Airport                                    | CUSIP: 167593QG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1016552.36   | 0.42%             | 2026-01-01      | 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      | $1055854.31   | 0.44%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO  | Akron Bath Copley Joint Township Hospital District                      | CUSIP: 009730PJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195772.04    | 0.08%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV  | New York State Urban Development Corp                                   | CUSIP: 650035U55<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1803475.40   | 0.75%             | 2031-03-15      | 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        |    230000 | PA      | $225061.30    | 0.09%             | 2026-09-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                     | State of Illinois                                                       | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3813730.56   | 1.59%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD  | Michigan Strategic Fund                                                 | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1463675.66   | 0.61%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G  | Southeast Alabama Gas Supply District/The                               | CUSIP: 84131TAQ5<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1132228.31   | 0.47%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH WTR FAC R  | Illinois Finance Authority                                              | CUSIP: 45203EAF6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    600000 | PA      | $590698.06    | 0.25%             | 2040-05-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA  | Main Street Natural Gas Inc                                             | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995483.32    | 0.42%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOL  | Wise County Industrial Development Authority                            | CUSIP: 977228AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239343.02    | 0.10%             | 2040-11-01      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS  | Oklahoma Development Finance Authority                                  | CUSIP: 67884XBZ9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    800000 | PA      | $791780.76    | 0.33%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT  | New Jersey Economic Development Authority                               | CUSIP: 645780FP7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495405.58    | 0.21%             | 2034-11-01      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH   | Chester County Industrial Development Authority                         | CUSIP: 165588CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $138468.68    | 0.06%             | 2024-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH    | Ohio Air Quality Development Authority                                  | CUSIP: 677525WQ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    750000 | PA      | $705787.30    | 0.29%             | 2026-02-01      | Variable      | 1.38%                 | 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        |   1785000 | PA      | $1884744.66   | 0.79%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE  | City of Salt Lake City UT Airport Revenue                               | CUSIP: 795576GW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1217721.31   | 0.51%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A  | Metropolitan Washington Airports Authority Aviation Revenue             | CUSIP: 592647JX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $558150.01    | 0.23%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA  | California School Finance Authority                                     | CUSIP: 13059TCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $269070.64    | 0.11%             | 2024-07-01      | Fixed         | 4.00%                 | 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        |   1285000 | PA      | $1271930.10   | 0.53%             | 2049-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH   | Parish of St John the Baptist LA                                        | CUSIP: 79020FAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $191893.22    | 0.08%             | 2037-06-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE    | Michigan Finance Authority                                              | CUSIP: 59447TJ95<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527400.40    | 0.22%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REVENUE          | City of Chicago IL Waterworks Revenue                                   | CUSIP: 167736ZE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280001.02    | 0.12%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A  | Metropolitan Washington Airports Authority Aviation Revenue             | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1422029.39   | 0.59%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE       | North Texas Tollway Authority                                           | CUSIP: 66285WM29<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    655000 | PA      | $655000.00    | 0.27%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE    | Michigan Finance Authority                                              | CUSIP: 59447TK36<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068853.84   | 0.45%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS-SHELBY CNTY TN ARPT AU  | Memphis-Shelby County Airport Authority                                 | CUSIP: 586111NY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516809.05    | 0.22%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEZ PERCE CNTY ID POLL CONTROL  | County of Nez Perce ID                                                  | CUSIP: 653337AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $975488.74    | 0.41%             | 2024-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO  | Orlando Utilities Commission                                            | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2041314.34   | 0.85%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #7 SPL ASSMNT REVEN  | Village Community Development District No 7                             | CUSIP: 92707VAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1399747.42   | 0.58%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST ECON DEV FIN AUT  | Washington Economic Development Finance Authority                       | CUSIP: 93975YAN1<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993564.76    | 0.41%             | 2042-12-01      | Variable      | 3.90%                 | 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      | $1330305.78   | 0.55%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R  | State of Connecticut Special Tax Revenue                                | CUSIP: 207758XB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275000.00    | 0.11%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN  | County of Broward FL Airport System Revenue                             | CUSIP: 114894ZC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066156.23   | 0.44%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO  | Development Authority of Burke County/The                               | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491565.40    | 0.20%             | 2045-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE    | Michigan Finance Authority                                              | CUSIP: 59447TK28<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    660000 | PA      | $701527.95    | 0.29%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED  | Clifton Higher Education Finance Corp                                   | CUSIP: 187145FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610781.72    | 0.25%             | 2023-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R  | State of Connecticut Special Tax Revenue                                | CUSIP: 207758M83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1754691.59   | 0.73%             | 2031-07-01      | Fixed         | 5.00%                 | 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      | $442242.07    | 0.18%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALDEZ AK MARINE TERMINAL REVE  | City of Valdez AK                                                       | CUSIP: 919061DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.40%             | 2033-12-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP   | Sales Tax Securitization Corp                                           | CUSIP: 79467BCS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065007.25   | 0.44%             | 2027-01-01      | Fixed         | 5.00%                 | 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      | $410501.13    | 0.17%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DECATUR TX HOSP AUTH            | Decatur Hospital Authority                                              | CUSIP: 243323BT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150365.60    | 0.06%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY ND JT WTR RESOURCE D  | Cass County Joint Water Resource District                               | CUSIP: 14805PAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $533013.24    | 0.22%             | 2024-05-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA  | California School Finance Authority                                     | CUSIP: 13059TBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247825.15    | 0.10%             | 2025-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO  | Northern Tobacco Securitization Corp                                    | CUSIP: 66585VBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1432910.28   | 0.60%             | 2028-06-01      | 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      | $638608.12    | 0.27%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV  | City of Farmington NM                                                   | CUSIP: 311450GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1253800.85   | 0.52%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP ECON  | Maryland Economic Development Corp                                      | CUSIP: 57420NBR1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357308.74    | 0.15%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PGIM Core Ultra Short Bond Fund | PGIM Core Ultra Short Bond Fund                                         | CUSIP: 000000000<br>LEI: 1VRLPVAWKZCB406TIT84 | Long             | STIV             | RF                | US        |    470542 | NS      | $470542.11    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE  | City of Salt Lake City UT Airport Revenue                               | CUSIP: 795576GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $538929.97    | 0.22%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                     | State of Illinois                                                       | CUSIP: 452152P70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2282543.27   | 0.95%             | 2023-11-01      | Fixed         | 5.00%                 | 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      | $953798.52    | 0.40%             | 2052-02-01      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F  | Tarrant County Cultural Education Facilities Finance Corp               | CUSIP: 87638TFE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1187738.20   | 0.50%             | 2026-02-15      | Fixed         | 5.00%                 | 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      | $612965.40    | 0.26%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH              | Commonwealth of Puerto Rico                                             | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3077477 | PA      | $2865887.32   | 1.19%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REVENUE          | City of Chicago IL Waterworks Revenue                                   | CUSIP: 167736ZH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135103.32    | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT  | County of Warren MS                                                     | CUSIP: 935031AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247246.36    | 0.10%             | 2032-09-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                     | City of New York NY                                                     | CUSIP: 64966QWM8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088494.56   | 0.87%             | 2044-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA  | California School Finance Authority                                     | CUSIP: 13059TCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $328150.02    | 0.14%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT  | New Jersey Economic Development Authority                               | CUSIP: 645780FN2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1360421.67   | 0.57%             | 2023-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G  | Central Plains Energy Project                                           | CUSIP: 154871CT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1285188.95   | 0.54%             | 2050-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

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

**Signature:** Christian J. Kelly

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

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