# EDGAR Filing Document

**Accession Number:** 0000314612
**File Stem:** 0001752724-23-012625
**Filing Date:** 2023-1
**Character Count:** 283257
**Document Hash:** d10fe109cf868c3141a15f0ee3cfe789
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012625.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012625

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL NATIONAL MUNI FUND, INC.
- **CENTRAL INDEX KEY:** 0000314612
- **IRS NUMBER:** 133021492
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02992
- **FILM NUMBER:** 23552053

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL NATIONAL MUNI FUND INC
- **DATE OF NAME CHANGE:** 20100216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN NATIONAL MUNICIPALS FUND INC
- **DATE OF NAME CHANGE:** 20030825

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL NATIONAL MUNICIPALS FUND INC
- **DATE OF NAME CHANGE:** 19931022

## Series and Classes Contracts Data

### PGIM NATIONAL MUNI FUND (Series ID: S000004518)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000012413 | Class Z      | DNMZX           |
| C000012414 | Class A      | PRNMX           |
| C000012416 | Class C      | PNMCX           |
| C000195885 | Class R6     | PNMQX           |

## Nport-Ex

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 96.4%** | **Long-Term Investments 96.4%** | **Long-Term Investments 96.4%** | **Long-Term Investments 96.4%** | **Long-Term Investments 96.4%** |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama 2.4%** | **Alabama 2.4%** | **Alabama 2.4%** | **Alabama 2.4%** | **Alabama 2.4%** |
| Alabama Pub. Sch. & Clg. Auth. Rev.,<br> Social Bonds, Series A, Rfdg. | 5.000% | &nbsp;&nbsp;11/01/28 | 1265 | &nbsp;&nbsp; $1419401 |
| Black Belt Energy Gas Dist. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj. No. 8, Series A (Mandatory put date 12/01/29) | 4.000(cc) | &nbsp;&nbsp;12/01/52 | 3665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3485062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj., Series E (Mandatory put date 06/01/28) | 5.000(cc) | &nbsp;&nbsp;05/01/53 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5218327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. No. 5, Series A-1 (Mandatory put date 10/01/26) | 4.000(cc) | &nbsp;&nbsp;10/01/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2965567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. (Mandatory put date 12/01/31) | 4.000(cc) | &nbsp;&nbsp;06/01/51 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1960949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D1, Rfdg. (Mandatory put date 06/01/27) | 4.000(cc) | &nbsp;&nbsp;07/01/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004274 |
| Jefferson Cnty. Swr. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.000 | &nbsp;&nbsp;10/01/44 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511231 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Warrants, Series A, Rfdg., AGM | 5.250 | &nbsp;&nbsp;10/01/48 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514673 |
| Mobile Indl. Dev. Brd. Rev.,<br> Alabama Pwr. Co. Barry, Rmkt. (Mandatory put date 06/26/25) | 1.000(cc) | &nbsp;&nbsp;06/01/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946740 |
| Selma Indl. Dev. Brd. Rev.,<br> Int'l Paper Co. Proj., Series A, Rfdg. (Mandatory put date 06/16/25) | 1.375(cc) | &nbsp;&nbsp;05/01/34 | 1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1506526 |
| Southeast Alabama Gas Sply. Dist. Rev.,<br> Proj. No. 2, Series A (Mandatory put date 06/01/24) | 4.000(cc) | &nbsp;&nbsp;06/01/49 | 1365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366966 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20899716 |
| **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** | **Alaska 0.8%** |
| Alaska Indl. Dev. & Export Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanana Chiefs Conference Proj., Series A | 4.000 | &nbsp;&nbsp;10/01/49 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2636229 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanana Chiefs Conference Proj., Series A | 5.000 | &nbsp;&nbsp;10/01/31 | 1555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1701406 |
| Alaska Muni. Bond Bank Auth. Rev.,<br> Rfdg. | 5.000 | &nbsp;&nbsp;12/01/26 | 1350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1453796 |
| Northern Tob. Secur. Corp. Rev.,<br> Sr. 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;1065836 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6857267 |
| **Arizona 2.8%** | **Arizona 2.8%** | **Arizona 2.8%** | **Arizona 2.8%** | **Arizona 2.8%** |
| Arizona Hlth. Facs. Auth. Rev.,<br> Banner Hlth., Series B, 3 Month LIBOR + 0.810% | 3.318(c) | &nbsp;&nbsp;01/01/37 | 2280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2107683 |
| Arizona Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Phoenix Children's Hosp. Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;02/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1086182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phoenix Children's Hosp., Series A | 5.000 | &nbsp;&nbsp;02/01/29 | &nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;713106 |
| &nbsp;&nbsp;&nbsp;&nbsp;Phoenix Children's Hosp., Series A | 5.000 | &nbsp;&nbsp;02/01/30 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331819 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** | **Arizona (cont'd.)** |
| Chandler Indl. Dev. Auth. Rev.,<br> Intel Corp., AMT (Mandatory put date 06/03/24) | 5.000 %(cc) | &nbsp;&nbsp;06/01/49 | 1035 | &nbsp;&nbsp; $1043600 |
| Maricopa Cnty. Indl. Dev. Auth. Rev.,<br> Banner Hlth., Series A | 5.000 | &nbsp;&nbsp;01/01/41 | 1140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1185036 |
| Maricopa Cnty. Spl. HealthCare Dist.,<br> Series D, GO | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942349 |
| Phoenix Civic Impvt. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Lien, Series B, AMT | 5.000 | &nbsp;&nbsp;07/01/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2145247 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Lien, Series B, AMT | 5.000 | &nbsp;&nbsp;07/01/49 | 1630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1652190 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016420 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, AMT | 5.000 | &nbsp;&nbsp;07/01/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2015906 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/32 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1210791 |
| Pima Cnty. Indl. Dev. Auth. Rev.,<br> Tucson Elec. Pwr. Co. Proj., Rfdg. | 4.000 | &nbsp;&nbsp;09/01/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000492 |
| Salt River Proj. Agric. Impvt. & Pwr. Dist. Elec. Sys. Rev.,<br> Forward Delivery Salt River Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/27 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307037 |
| Salt Verde Finl. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Gas Rev., Sr. Bonds | 5.000 | &nbsp;&nbsp;12/01/32 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2920326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Gas Rev., Sr. Bonds | 5.250 | &nbsp;&nbsp;12/01/26 | 2180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2267867 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24946051 |
| **Arkansas 0.3%** | **Arkansas 0.3%** | **Arkansas 0.3%** | **Arkansas 0.3%** | **Arkansas 0.3%** |
| Fayetteville Sales & Use Tax Rev.,<br> Sales & Use Tax | 2.875 | &nbsp;&nbsp;11/01/32 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2837333 |
| **California 5.7%** | **California 5.7%** | **California 5.7%** | **California 5.7%** | **California 5.7%** |
| Anaheim Pub. Fing. Auth. Lease Rev.,<br> Sr. Pub. Impvts. Proj., Series A, AGM | 6.000 | &nbsp;&nbsp;09/01/24 | 2675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2781771 |
| California Hlth. Facs. Fing. Auth. Rev.,<br> Stanford Healthcare, Series A | 5.000 | &nbsp;&nbsp;08/15/54 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020726 |
| California Muni. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CHF-Davis I, LLC, West Vlg. Student Hsg. Proj., BAM, TCRs | 5.000 | &nbsp;&nbsp;05/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1064546 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wste. Mgmt., Inc., Rmkt., Series A, AMT (Mandatory put date 12/01/23) | 0.700(cc) | &nbsp;&nbsp;12/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;969931 |
| California St., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;03/01/45 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3093531 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO, Rfdg. | 4.000 | &nbsp;&nbsp;09/01/26 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3151171 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/45 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518054 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/46 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1568792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Var. Purp., GO, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/47 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3122738 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** | **California (cont'd.)** |
| California St. Pub. Wks. Brd. Lease Rev.,<br> Series C, Rfdg. | 5.000% | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;875 | &nbsp;&nbsp; $977419 |
| Golden St. Tob. Secur. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Pre-refunded date 06/01/27)(ee) | 5.000 | &nbsp;&nbsp;06/01/28 | 3255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3591729 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Pre-refunded date 06/01/27)(ee) | 5.000 | &nbsp;&nbsp;06/01/29 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1546965 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Pre-refunded date 06/01/28)(ee) | 5.000 | &nbsp;&nbsp;06/01/33 | 3050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3435784 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Pre-refunded date 06/01/28)(ee) | 5.000 | &nbsp;&nbsp;06/01/35 | 1545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1740699 |
| Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;11/15/35 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333953 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.500 | &nbsp;&nbsp;11/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1071468 |
| Los Angeles Calif. Dept. Arpts. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Los Angls. Int'l., Series A, AMT | 5.000 | &nbsp;&nbsp;05/15/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Los Angls. Int'l., Series A, AMT | 5.000 | &nbsp;&nbsp;05/15/38 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2520701 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series C, AMT | 5.000 | &nbsp;&nbsp;05/15/28 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1162417 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Los Angls. Int'l., Series A, AMT | 5.250 | &nbsp;&nbsp;05/15/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1043315 |
| Los Angeles Dept. of Wtr. & Pwr. Wtr. Sys. Rev.,<br> Series B | 5.000 | &nbsp;&nbsp;07/01/34 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2535193 |
| M-S-R Energy Auth. Rev.,<br> Series A | 6.500 | &nbsp;&nbsp;11/01/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2409304 |
| Pittsburg Redev. Agcy.,<br> Los Medanos Cmnty. Dev. Proj., Tax Alloc., AMBAC, CABS | 3.402(t) | &nbsp;&nbsp;08/01/25 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1827783 |
| Riverside Cnty. Pub. Fing. Auth. Rev.,<br> Cap. Facs. Proj. (Pre-refunded date 11/01/25)(ee) | 5.250 | &nbsp;&nbsp;11/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1078065 |
| San Diego Cnty. Regl. Arpt. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B, AMT (Pre-refunded 07/01/23)(ee) | 5.000 | &nbsp;&nbsp;07/01/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2026880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B, AMT (Pre-refunded date 07/01/23)(ee) | 5.000 | &nbsp;&nbsp;07/01/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013324 |
| San Francisco City & Cnty. Arpt. Commn. Rev.,<br> 2nd Series A, Rfdg., AMT | 5.250 | &nbsp;&nbsp;05/01/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1008311 |
| Walnut Energy Ctr. Auth. Rev.,<br> Rfdg. | 5.000 | &nbsp;&nbsp;01/01/34 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828769 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50461045 |
| **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** | **Colorado 4.6%** |
| Colorado Hlth. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonspirit Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/27 | 1725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1833581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonspirit Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/29 | 2070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2220539 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonspirit Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/34 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2619732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonspirit Hlth., Series B-2 (Mandatory put date 08/01/26) | 5.000(cc) | &nbsp;&nbsp;08/01/49 | 2465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2572885 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** |
| Colorado Hlth. Facs. Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermountain Healthcare, Series C, Rfdg. (Mandatory put date 08/15/28) | 5.000 %(cc) | &nbsp;&nbsp;05/15/62 | 3000 | &nbsp;&nbsp; $3343777 |
| Colorado Springs Co. Util. Sys. Rev.,<br> Series C | 5.000 | &nbsp;&nbsp;11/15/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1104260 |
| Colorado St.,<br> COP | 6.000 | &nbsp;&nbsp;12/15/41 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4747262 |
| Denver City & Cnty. Arpt. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;11/15/27 | 1055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;11/15/29 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3244706 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.500 | &nbsp;&nbsp;11/15/40 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4081823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, AMT | 5.500 | &nbsp;&nbsp;11/15/26 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1685855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/34 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2412539 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1044467 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.250 | &nbsp;&nbsp;12/01/43 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3115001 |
| E-470 Pub. Hwy. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Rev., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/27 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1265478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Rev., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/28 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1410700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B, NATL | 3.041(t) | &nbsp;&nbsp;09/01/25 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1840536 |
| Regl. Trans. Dist. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/28 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421532 |
| &nbsp;&nbsp;&nbsp;&nbsp;Denver Transit Partners Eagle P3 Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/29 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424316 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40511252 |
| **Connecticut 2.5%** | **Connecticut 2.5%** | **Connecticut 2.5%** | **Connecticut 2.5%** | **Connecticut 2.5%** |
| Connecticut St., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Delivery Social Bonds, Series D, GO, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/28 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5006470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 4.000 | &nbsp;&nbsp;01/15/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2070136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000 | &nbsp;&nbsp;01/15/32 | 2565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2880901 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, GO, Rfdg. | 5.000 | &nbsp;&nbsp;05/15/25 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2238324 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 5.000 | &nbsp;&nbsp;06/15/28 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333195 |
| Connecticut St. Hlth. & Ed. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rmkt., Series 2015-A, Rfdg. (Mandatory put date 07/12/24) | 0.375(cc) | &nbsp;&nbsp;07/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;967050 |
| &nbsp;&nbsp;&nbsp;&nbsp;Yale Univ., Series A-2, Rfdg. (Mandatory put date 07/01/26) | 2.000(cc) | &nbsp;&nbsp;07/01/42 | 2310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2285303 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** | **Connecticut (cont'd.)** |
| Connecticut St. Spl. Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000% | &nbsp;&nbsp;05/01/28 | 2780 | &nbsp;&nbsp; $3086423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Infrast., Series A | 5.000 | &nbsp;&nbsp;01/01/38 | 2195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2339808 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22207610 |
| **District of Columbia 2.3%** | **District of Columbia 2.3%** | **District of Columbia 2.3%** | **District of Columbia 2.3%** | **District of Columbia 2.3%** |
| Dist. of Columbia Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dist. of Columbia Int'l. Sch. | 5.000 | &nbsp;&nbsp;07/01/49 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1231933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Pub. Chrt. Sch., Rfdg. | 5.000 | &nbsp;&nbsp;06/01/36 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400030 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | &nbsp;&nbsp;07/01/43 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;867196 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP Chrt. Sch., Rfdg. (Pre-refunded date 07/01/23)(ee) | 6.000 | &nbsp;&nbsp;07/01/48 | &nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;739673 |
| &nbsp;&nbsp;&nbsp;&nbsp;KIPP DC Iss., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/37 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1281175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1694565 |
| Dist. of Columbia Wtr. & Swr. Auth. Rev.,<br> Sub. Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/39 | 1650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734301 |
| Metropolitan Washington D.C. Arpt. Auth. Dulles Toll Road Rev.,<br> Dulles Met. Rail, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2069515 |
| Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Delivery, Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1611699 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/26 | 3860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4073559 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1008288 |
| Washington Metropolitan Area Trans. Auth. Rev.,<br> Green Bond, Series A | 5.000 | &nbsp;&nbsp;07/15/28 | 1960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2190858 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19902792 |
| **Florida 7.0%** | **Florida 7.0%** | **Florida 7.0%** | **Florida 7.0%** | **Florida 7.0%** |
| Brevard Cnty. Hlth. Facs. Auth. Rev.,<br> Hlth. First Oblig. Grp., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/47 | &nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;373393 |
| Broward Cnty. Arpt. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/45 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3004625 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT (Pre-refunded date 10/01/23)(ee) | 5.250 | &nbsp;&nbsp;10/01/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1528966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/27 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3189731 |
| Central Florida Expressway Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Rfdg. | 4.000 | &nbsp;&nbsp;07/01/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1948897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series D | 5.000 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875654 |
| Cityplace CDD.,<br> Spl. Assmt., Rfdg. | 5.000 | &nbsp;&nbsp;05/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046101 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** |
| Florida Dev. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brightline Passenger Rail Expansion Proj., Rmkt., Series A (Mandatory put date 04/04/23) | 2.900 %(cc) | &nbsp;&nbsp;12/01/56 | 4000 | &nbsp;&nbsp; $3999988 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mater Academy Proj., Series A | 5.000 | &nbsp;&nbsp;06/15/56 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;481086 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nova Southeastern Univ. Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/26 | &nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588185 |
| Florida Higher Edl. Facs. Finl. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nova Southeastern Univ. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;04/01/25 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nova Southeastern Univ. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;04/01/28 | 1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1503037 |
| Grtr. Orlando Avtn. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Priority Sub. Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/42 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5095237 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/54 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1526443 |
| Hillsborough Cnty. Avtn. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tampa Int'l. Arpt., Sub. Series A, Rfdg., AMT (Pre-refunded date 10/01/23)(ee) | 5.000 | &nbsp;&nbsp;10/01/25 | 1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1294649 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tampa Int'l. Arpt., Series E, AMT | 5.000 | &nbsp;&nbsp;10/01/48 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4589420 |
| JEA Elec. Sys. Rev.,<br> Sub. Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7764516 |
| Lee Cnty. Arpt. Rev.,<br> Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/28 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3202442 |
| Miami Beach Redev. Agcy.,<br> Tax Incr. Rev. City Ctr., Tax Alloc. Rfdg., AGM | 5.000 | &nbsp;&nbsp;02/01/44 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1512764 |
| Miami Dade Cnty. Wtr. & Swr. Sys. Rev.,<br> Sub. Series | 5.000 | &nbsp;&nbsp;10/01/27 | 2215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2422310 |
| Orange Cnty. Hlth. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Orlando Hlth. Inc., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/33 | 1510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Orlando Hlth. Oblig. Grp., Series B, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/26 | 2275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2418877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Orlando Hlth., Inc., Series B, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1014206 |
| Orlando Util. Commn. Rev.,<br> Series B (Mandatory put date 10/01/28) | 1.250(cc) | &nbsp;&nbsp;10/01/46 | 3475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2865319 |
| Palm Beach Cnty. Hlth. Facs. Auth. Rev.,<br> BRRH Corp. Oblig. Grp., Rfdg. (Pre-refunded date 12/01/24)(ee) | 5.000 | &nbsp;&nbsp;12/01/31 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522801 |
| Sarasota Cnty. Pub. Hosp. Dist. Rev.,<br> Sarasota Mem. Hosp. | 5.000 | &nbsp;&nbsp;07/01/28 | 1160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1251840 |
| South Miami Hlth. Facs. Auth., Inc. Rev.,<br> Baptist Hlth. South Florida, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/47 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090778 |
| Village CDD No. 6, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;314707 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/28 | &nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;322809 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;341794 |
| Village CDD No. 7,<br> Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/23 | &nbsp;&nbsp;&nbsp;995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001283 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** | **Florida (cont'd.)** |
| Village CDD No. 13, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt. | 3.375% | &nbsp;&nbsp;05/01/34 | &nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp; $413365 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., 144A | 2.625 | &nbsp;&nbsp;05/01/30 | &nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846130 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61227143 |
| **Georgia 3.6%** | **Georgia 3.6%** | **Georgia 3.6%** | **Georgia 3.6%** | **Georgia 3.6%** |
| Atlanta GA Dept. Avtn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/28 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3193672 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/29 | &nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;890062 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/30 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3777820 |
| Georgia Ports Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Arpt. & Marina Imps. | 5.000 | &nbsp;&nbsp;07/01/29 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1411214 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arpt. & Marina Imps. | 5.250 | &nbsp;&nbsp;07/01/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2818268 |
| Main Street Natural Gas, Inc. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A (Mandatory put date 09/01/27) | 4.000(cc) | &nbsp;&nbsp;07/01/52 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007226 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B (Mandatory put date 12/01/24) | 4.000(cc) | &nbsp;&nbsp;08/01/49 | 1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1298654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C (Mandatory put date 09/01/26) | 4.000(cc) | &nbsp;&nbsp;03/01/50 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4961333 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C (Mandatory put date 12/01/28) | 4.000(cc) | &nbsp;&nbsp;05/01/52 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;978682 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series C (Mandatory put date 12/01/23) | 4.000(cc) | &nbsp;&nbsp;08/01/48 | 3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3248745 |
| Monroe Cnty. Dev. Auth. Rev.,<br> GA Pwr. Co. Plant Scherer Proj. No. 1 | 2.250 | &nbsp;&nbsp;07/01/25 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953839 |
| Muni. Elec. Auth. of Georgia Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Combined Cycle Proj., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;11/01/24 | 2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2076102 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. One, Sub. Bonds, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | 1425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1494291 |
| Priv. Clgs. & Univs. Auth. Rev.,<br> Savannah Clg. of Art & Design Proj. (Pre-refunded date 04/01/24)(ee) | 5.000 | &nbsp;&nbsp;04/01/44 | 2120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187187 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31297095 |
| **Hawaii 0.9%** | **Hawaii 0.9%** | **Hawaii 0.9%** | **Hawaii 0.9%** | **Hawaii 0.9%** |
| Hawaii St. Arpts. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/48 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3030558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/51 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1515937 |
| Hawaii St. Dept. Budget & Fin. Rev.,<br> Pac. Hlth. Oblig., Series A, Rfdg. | 5.500 | &nbsp;&nbsp;07/01/43 | 2560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2604399 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8157700 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois 11.8%** | **Illinois 11.8%** | **Illinois 11.8%** | **Illinois 11.8%** | **Illinois 11.8%** |
| Chicago, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-Exchange, GO, Rfdg. | 4.000% | &nbsp;&nbsp;01/01/28 | 1855 | &nbsp;&nbsp; $1814664 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/24 | &nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343242 |
| Chicago Brd. of Ed.,<br> Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/22 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500041 |
| Chicago Brd. of Ed. Rev.,<br> Spl. Tax | 5.000 | &nbsp;&nbsp;04/01/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001962 |
| Chicago O'Hare Int'l. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;01/01/33 | 1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1331061 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/32 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1558023 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series D | 5.250 | &nbsp;&nbsp;01/01/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2077558 |
| Chicago Trans. Auth. Rev.,<br> 2nd Lien | 5.000 | &nbsp;&nbsp;12/01/46 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3031996 |
| Chicago Wstewtr. Transmn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien | 5.000 | &nbsp;&nbsp;01/01/39 | 2550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2563730 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/29 | &nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367909 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/31 | 2450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2536160 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Rmkt., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022968 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A | 5.000 | &nbsp;&nbsp;01/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001114 |
| Chicago Wtrwks. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/32 | 1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1325987 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/36 | 2390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2454551 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A-1 | 5.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531281 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A-1 | 5.000 | &nbsp;&nbsp;11/01/30 | 1495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1552970 |
| Chicago, IL, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/33 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4026718 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1020678 |
| Cook Cnty.,<br> Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/28 | 1050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1154529 |
| Cook Cnty. Sales Tax Rev.,<br> Series A, Rfdg. | 5.250 | &nbsp;&nbsp;11/15/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2135640 |
| Illinois Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/26 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1605594 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/28 | 1110 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1219661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Northshore Univ. Hlth. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2221568 |
| &nbsp;&nbsp;&nbsp;&nbsp;Univ. of Chicago, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/25 | 1505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600795 |
| Illinois St., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;02/01/24 | 1195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1212801 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;11/01/30 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515981 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.000 | &nbsp;&nbsp;04/01/31 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013382 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 5.250 | &nbsp;&nbsp;02/01/29 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2032393 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO, Rfdg. | 5.000 | &nbsp;&nbsp;02/01/25 | 1380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1412749 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** | **Illinois (cont'd.)** |
| Illinois St., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000% | &nbsp;&nbsp;12/01/39 | &nbsp;&nbsp;2500 | &nbsp;&nbsp; $2533325 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785089 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 5.000 | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1039983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/23 | &nbsp;&nbsp;3730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3775236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/26 | &nbsp;&nbsp;6150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6366598 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO | 5.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;2210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2298868 |
| Illinois St. Sales Tax Rev.,<br> Jr. Oblig. Build Illiois Bonds, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;1650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1764267 |
| Illinois St. Toll Hwy. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;01/01/38 | &nbsp;&nbsp;3125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3128010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C | 5.000 | &nbsp;&nbsp;01/01/39 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2050834 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Rev. Bonds, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | &nbsp;&nbsp;3085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3402369 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Rev., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/31 | &nbsp;&nbsp;3455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3905500 |
| Metropolitan Pier & Exposition Auth. Dedicated St. Tax<br> Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;McCormick Place Expansion, Series A, CABS, NATL | 4.769(t) | &nbsp;&nbsp;12/15/34 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5669146 |
| &nbsp;&nbsp;&nbsp;&nbsp;McCormick Place Expansion, Series A, CABS, NATL | 4.894(t) | &nbsp;&nbsp;06/15/37 | &nbsp;&nbsp;7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3712783 |
| Metropolitan Wtr. Reclamation Dist. of Grtr. Chicago,<br> Green Bond, Series A, GO | 4.000 | &nbsp;&nbsp;12/01/51 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;911354 |
| Railsplitter Tob. Settlement Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Set. Funded | 5.000 | &nbsp;&nbsp;06/01/24 | &nbsp;&nbsp;1175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1205957 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Set. Funded | 5.000 | &nbsp;&nbsp;06/01/27 | &nbsp;&nbsp;2975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3158734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Set. Funded | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1165047 |
| Regl. Trans. Auth. Rev.,<br> Series A | 4.000 | &nbsp;&nbsp;06/01/37 | &nbsp;&nbsp;3605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3604240 |
| Sales Tax Secur. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2360135 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/29 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1619598 |
| Springfield Elec. Rev.,<br> Sr. Lien, Rfdg., AGM | 4.000 | &nbsp;&nbsp;03/01/40 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;922866 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103567645 |
| **Indiana 0.6%** | **Indiana 0.6%** | **Indiana 0.6%** | **Indiana 0.6%** | **Indiana 0.6%** |
| Indiana Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;IN Univ. Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;2280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2421639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indianapolis Pwr. & Light. Co. Proj., Series B, Rfdg., AMT (Mandatory put date 04/01/26) | 0.950(cc) | &nbsp;&nbsp;12/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;582060 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Indiana (cont'd.)** | **Indiana (cont'd.)** | **Indiana (cont'd.)** | **Indiana (cont'd.)** | **Indiana (cont'd.)** |
| Whiting Rev.,<br> BP Products North America, Rfdg., AMT (Mandatory put date 06/05/26) | 5.000 %(cc) | &nbsp;&nbsp;12/01/44 | 2025 | &nbsp;&nbsp; $2078305 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5082004 |
| **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** |
| PEFA, Inc. Gas Proj. Rev.,<br> Series A-1 (Mandatory put date 09/01/26) | 5.000(cc) | &nbsp;&nbsp;09/01/49 | 7815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000006 |
| **Kansas 0.3%** | **Kansas 0.3%** | **Kansas 0.3%** | **Kansas 0.3%** | **Kansas 0.3%** |
| Wyandotte Cnty.-Kansas City Unified Govt. Util. Sys. Rev.,<br> Impvt., Series A | 5.000 | &nbsp;&nbsp;09/01/45 | 2170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2214222 |
| **Kentucky 2.9%** | **Kentucky 2.9%** | **Kentucky 2.9%** | **Kentucky 2.9%** | **Kentucky 2.9%** |
| Kentucky Pub. Energy Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Sply. Series C-1 (Mandatory put date 06/01/25) | 4.000(cc) | &nbsp;&nbsp;12/01/49 | 7435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7390931 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Sply., Series B (Mandatory put date 01/01/25) | 4.000(cc) | &nbsp;&nbsp;01/01/49 | 3465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3463696 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1 (Mandatory put date 06/01/25) | 4.000(cc) | &nbsp;&nbsp;12/01/49 | 3370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3369645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1 (Mandatory put date 08/01/30) | 4.000(cc) | &nbsp;&nbsp;08/01/52 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778569 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C (Mandatory put date 02/01/28) | 4.000(cc) | &nbsp;&nbsp;02/01/50 | 5930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5825015 |
| Owen Cnty. Wtrwks. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Wtr. Co., Rfdg. (Mandatory put date 09/01/23) | 0.700(cc) | &nbsp;&nbsp;06/01/40 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984261 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Wtr. Co., Series A, Rfdg. (Mandatory put date 10/01/29) | 2.450(cc) | &nbsp;&nbsp;06/01/39 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1346208 |
| Trimble Cnty. Elec. Pwr. & Lt. Rev.,<br> Louisville Gas & Elect. Proj., Rmkt., Series A, Rfdg., AMT (Mandatory put date 09/01/27) | 1.300(cc) | &nbsp;&nbsp;09/01/44 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880838 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25039163 |
| **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** |
| Louisiana Pub. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Franciscan Mis., Rfdg. (Pre-refunded date 07/01/25)(ee) | 5.000 | &nbsp;&nbsp;07/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10596 |
| &nbsp;&nbsp;&nbsp;&nbsp;Franciscan Mis., Unrefunded, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/39 | 1990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2014037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tulane Univ. of Louisiana, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095309 |
| Louisiana St. Hwy. Impt. Rev.,<br> Series A (Pre-refunded date 06/15/24)(ee) | 5.000 | &nbsp;&nbsp;06/15/34 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1295216 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4415158 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Maine 0.3%** | **Maine 0.3%** | **Maine 0.3%** | **Maine 0.3%** | **Maine 0.3%** |
| Maine Hlth. & Higher Edl. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Maine Hlth., Series A | 5.000% | &nbsp;&nbsp;07/01/27 | 1200 | &nbsp;&nbsp; $1293529 |
| &nbsp;&nbsp;&nbsp;&nbsp;Maine Hlth., Series A | 5.000 | &nbsp;&nbsp;07/01/28 | 1140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242316 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2535845 |
| **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** |
| Maryland St. Dept. of Trans. Rev.,<br> Series 2022B, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1129412 |
| **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** |
| Massachusetts Bay Trans. Auth. Rev.,<br> Mass. Sales Tax, Series B, Rfdg., NATL | 5.500 | &nbsp;&nbsp;07/01/27 | 1325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1488039 |
| Massachusetts Dev. Fin. Agcy. Rev.,<br> Northeastern Univ. Issue, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/29 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238646 |
| Massachusetts St. Hlth. & Edl. Facs. Auth. Rev.,<br> Tufts Univ., Series M, Rfdg. | 5.500 | &nbsp;&nbsp;02/15/28 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3407189 |
| Massachusetts St. Port Auth. Rev.,<br> Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/27 | &nbsp;&nbsp;&nbsp;320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342070 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6475944 |
| **Michigan 1.2%** | **Michigan 1.2%** | **Michigan 1.2%** | **Michigan 1.2%** | **Michigan 1.2%** |
| Michigan Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Beaumont-Spectrum Consolidation, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;04/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1115024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1572180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/30 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1056813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/32 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2381304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/33 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892891 |
| Wayne Cnty. Arpt. Auth. Rev.,<br> Det. Met. Arpt., Series D, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1502020 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10520232 |
| **Minnesota 0.3%** | **Minnesota 0.3%** | **Minnesota 0.3%** | **Minnesota 0.3%** | **Minnesota 0.3%** |
| Minneapolis St. Paul Metropolitan Arpt. Commn. Rev.,<br> Sub. Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;01/01/33 | 2325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2502205 |
| **Mississippi 0.1%** | **Mississippi 0.1%** | **Mississippi 0.1%** | **Mississippi 0.1%** | **Mississippi 0.1%** |
| Mississippi Bus. Fin. Corp. Rev.,<br> Poll. Ctrl., 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;477747 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Missouri 0.9%** | **Missouri 0.9%** | **Missouri 0.9%** | **Missouri 0.9%** | **Missouri 0.9%** |
| Missouri St. Hlth. & Edl. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BJC Hlth. Sys. | 5.000% | &nbsp;&nbsp;01/01/44 | 3500 | &nbsp;&nbsp; $3516856 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg. (Mandatory put date 05/01/28) | 5.000(cc) | &nbsp;&nbsp;05/01/52 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4383154 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7900010 |
| **Nebraska 0.7%** | **Nebraska 0.7%** | **Nebraska 0.7%** | **Nebraska 0.7%** | **Nebraska 0.7%** |
| Central Plns. Energy. Proj. Rev.,<br> Proj. No. 4 (Mandatory put date 01/01/24) | 5.000(cc) | &nbsp;&nbsp;03/01/50 | 4445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4481363 |
| Douglas Cnty. Hosp. Auth. No. 2 Rev.,<br> Children's Hosp. Oblig. Grp. (Mandatory put date 11/15/25) | 5.000(cc) | &nbsp;&nbsp;11/15/53 | 1270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1336065 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5817428 |
| **New Jersey 7.6%** | **New Jersey 7.6%** | **New Jersey 7.6%** | **New Jersey 7.6%** | **New Jersey 7.6%** |
| Camden Cnty. Impvt. Auth. Rev.,<br> Cooper Hlth. Sys. Oblig. Grp. | 5.750 | &nbsp;&nbsp;02/15/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1505371 |
| New Jersey Econ. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Wtr. Co., Inc., Series A, Rfdg., AMT (Mandatory put date 12/03/29) | 2.200(cc) | &nbsp;&nbsp;10/01/39 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1099884 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Wtr. Co., Inc., Series B, Rfdg., AMT (Mandatory put date 06/01/23) | 1.200(cc) | &nbsp;&nbsp;11/01/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987572 |
| &nbsp;&nbsp;&nbsp;&nbsp;NJ American Wtr. Co., Inc. Proj., Series D, Rfdg., AMT (Mandatory put date 12/01/27) | 1.100(cc) | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sch. Facs. Construction | 5.000 | &nbsp;&nbsp;06/15/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1636401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sch. Facs. Construction, Series PP, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/26 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2164144 |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrefunded Sch. Facs. Construction, Series NN, Rfdg. | 5.000 | &nbsp;&nbsp;03/01/27 | &nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150655 |
| New Jersey Edl. Facs. Auth. Rev.,<br> Montclair St. Univ., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/44 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2520191 |
| New Jersey Healthcare Facs. Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hackensack Meridian Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/39 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1559784 |
| &nbsp;&nbsp;&nbsp;&nbsp;RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/33 | 1015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069563 |
| &nbsp;&nbsp;&nbsp;&nbsp;RWJ Barnabas Hlth. Oblig. Grp., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/43 | 1585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625523 |
| &nbsp;&nbsp;&nbsp;&nbsp;RWJ Univ. Hosp., Series A | 5.500 | &nbsp;&nbsp;07/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015250 |
| New Jersey Higher Ed. Student Assistance Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Rfdg. | 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;572165 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/26 | &nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;735458 |
| New Jersey St. Sales Tax,<br> Covid-19 GO Emergency Bonds, Series A, GO | 5.000 | &nbsp;&nbsp;06/01/29 | 5315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5946332 |
| New Jersey Tpke. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;01/01/28 | 1505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1556930 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;01/01/48 | 2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2262376 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New Jersey (cont'd.)** | **New Jersey (cont'd.)** | **New Jersey (cont'd.)** | **New Jersey (cont'd.)** | **New Jersey (cont'd.)** |
| New Jersey Tpke. Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B | 5.250% | &nbsp;&nbsp;01/01/52 | 2000 | &nbsp;&nbsp; $2192955 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/27 | 2215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2399667 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 2150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2294429 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/32 | 2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2220771 |
| New Jersey Trans. Tr. Fd. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AA, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/27 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288613 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Prog. Notes, Rmkt., Series BB-1 | 5.000 | &nbsp;&nbsp;06/15/33 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1382585 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys. Bond, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/26 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;534177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/28 | 3600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3915913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/36 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304119 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series A, Rfdg. | 5.500 | &nbsp;&nbsp;12/15/23 | 4020 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4126691 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series D, Rfdg. | 5.000 | &nbsp;&nbsp;12/15/24 | 2555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2657034 |
| Tob. Settlement Fing. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/23 | 1305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1317447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/25 | 2345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2437796 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/27 | 2685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2825169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 3395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3578546 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/29 | 3030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3186402 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/37 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2062754 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66674392 |
| **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** | **New Mexico 0.5%** |
| Farmington Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4 Corners Proj., Rmkt., Rfdg. | 1.800 | &nbsp;&nbsp;04/01/29 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1294607 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pub. Svcs. Co. of San Juan, Series C, Rfdg. (Mandatory put date 06/01/24) | 1.150(cc) | &nbsp;&nbsp;06/01/40 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2876184 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4170791 |
| **New York 5.1%** | **New York 5.1%** | **New York 5.1%** | **New York 5.1%** | **New York 5.1%** |
| Long Island Pwr. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Notes | 1.000 | &nbsp;&nbsp;09/01/25 | 4100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3771575 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. (Mandatory put date 09/01/26) | 1.500(cc) | &nbsp;&nbsp;09/01/51 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2723918 |
| New York, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiscal 2008, Rmkt., Series J-10, GO | 5.000 | &nbsp;&nbsp;08/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1079069 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiscal 2015, Rmkt., Sub-Series F-4, GO (Mandatory put date 12/01/25) | 5.000(cc) | &nbsp;&nbsp;06/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2111584 |
| New York City Trans. Fin. Auth. Future Tax Sec'd. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Future Tax Secured, Sub. Fiscal 2015, Series E-1 | 5.000 | &nbsp;&nbsp;02/01/41 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085254 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/27 | 2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2275719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series A-2 | 5.000 | &nbsp;&nbsp;08/01/38 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2114926 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** | **New York (cont'd.)** |
| New York City Trans. Fin. Auth. Future Tax Sec'd. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series F-1 | 5.000% | &nbsp;&nbsp;02/01/51 | 1850 | &nbsp;&nbsp; $1973397 |
| New York City Wtr. & Swr. Sys. Rev.,<br> Sub. Series CC-2 | 5.000 | &nbsp;&nbsp;06/15/28 | 2330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2534859 |
| New York Liberty Dev. Corp. Rev.,<br> Series 1WTC, Rfdg. | 4.000 | &nbsp;&nbsp;02/15/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2327645 |
| New York St. Dorm. Auth. Rev.,<br> Mem. Sloan Kettering, Series 1, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1041098 |
| New York St. Environ. Facs. Corp. Rev.,<br> Clean Wtr. & Drinking Revolving Fds. Pooled Fing., Series B, ETM(ee) | 5.500 | &nbsp;&nbsp;10/15/23 | 3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3827015 |
| New York Trans. Dev. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JFK Int'l. Arpt. Proj. Terminal 4, Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/25 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;824567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Laguardia Arpt., Term. B Redev., Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/46 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;974032 |
| Port Auth. of NY & NJ Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 223, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/15/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1611246 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 226, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/15/27 | &nbsp;&nbsp;&nbsp;975 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1042994 |
| Triborough Bridge & Tunnel Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bonds, Series E-2B, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/27 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1651937 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;05/15/51 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2653650 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, Rfdg. (Mandatory put date 05/15/28) | 2.000(cc) | &nbsp;&nbsp;05/15/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1854398 |
| TSASC, Inc. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2037120 |
| Utility Debt Secur. Auth. Rev.,<br> Restructuring Bonds, Series TE-1, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/28 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3227105 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44743108 |
| **North Carolina 0.8%** | **North Carolina 0.8%** | **North Carolina 0.8%** | **North Carolina 0.8%** | **North Carolina 0.8%** |
| Charlotte Mecklenburg Hosp. Auth. Rev.,<br> Atrium Hlth. Oblig. Grp., Series C (Mandatory put date 12/01/28) | 5.000(cc) | &nbsp;&nbsp;01/15/50 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1213160 |
| North Carolina St. Rev.,<br> Grant Anticipation Rev. | 5.000 | &nbsp;&nbsp;03/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110427 |
| North Carolina Tpke. Auth. Rev.,<br> BANS | 5.000 | &nbsp;&nbsp;02/01/24 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4592480 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916067 |
| **North Dakota 0.1%** | **North Dakota 0.1%** | **North Dakota 0.1%** | **North Dakota 0.1%** | **North Dakota 0.1%** |
| Cass Cnty. Joint Wtr. Resource Dist.,<br> Series A, GO | 0.480 | &nbsp;&nbsp;05/01/24 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;960060 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Ohio 4.6%** | **Ohio 4.6%** | **Ohio 4.6%** | **Ohio 4.6%** | **Ohio 4.6%** |
| Akron Bath Copley Joint Township Hosp. Dist. Rev.,<br> Summa Hlth. Oblig. Grp. Hosp. Facs., Rfdg. | 5.000% | &nbsp;&nbsp;11/15/28 | &nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp; $485775 |
| Allen Cnty. Hosp. Facs. Rev.,<br> Bon Secours Mercy Hlth., Rfdg. | 5.000 | &nbsp;&nbsp;12/01/30 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1224129 |
| Buckeye Tob. Settlement Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 2800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2975212 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/30 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1207669 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/31 | 3930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4216986 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/33 | 3480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3702659 |
| Franklin Cnty. Hosp. Facs. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nationwide Children's Hosp. Proj., Rfdg. | 4.000 | &nbsp;&nbsp;11/01/47 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2185581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ohio Hlth. Corp., Series A | 4.000 | &nbsp;&nbsp;05/15/47 | 4815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4492181 |
| Lancaster Port Auth. Rev.,<br> Series A, Rfdg. (Mandatory put date 02/01/25) | 5.000(cc) | &nbsp;&nbsp;08/01/49 | 1345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1383077 |
| Ohio Air Quality Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Elec. Pwr. Co. Proj., Series A (Mandatory put date 10/01/29) | 2.400(cc) | &nbsp;&nbsp;12/01/38 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440768 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Elec. Pwr. Co. Proj., Series C, Rfdg., AMT (Mandatory put date 10/01/24) | 2.100(cc) | &nbsp;&nbsp;12/01/27 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1440357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ohio Vlly. Elec. Corp. Proj., Rmkt., Series B (Mandatory put date 11/01/24) | 1.375(cc) | &nbsp;&nbsp;02/01/26 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710221 |
| Ohio St.,<br> Common Sch. Series C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;03/15/27 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095618 |
| Ohio St. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cleveland Clnc. Hlth. Sys., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 2890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3180013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grant Anticipation Rev. Vehicle, Series 1-A | 5.000 | &nbsp;&nbsp;12/15/28 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898166 |
| Ohio Turnpike & Infrast. Commn. Rev.,<br> Jr. Lien Infrast. Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1122098 |
| Ohio Wtr. Dev. Auth. Rev.,<br> Rfdg. | 5.000 | &nbsp;&nbsp;06/01/46 | 8825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9659591 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40420101 |
| **Oklahoma 1.0%** | **Oklahoma 1.0%** | **Oklahoma 1.0%** | **Oklahoma 1.0%** | **Oklahoma 1.0%** |
| Oklahoma Dev. Fin. Auth. Rev.,<br> Gilcrease Expressway West, AMT | 1.625 | &nbsp;&nbsp;07/06/23 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1475776 |
| Oklahoma Tpke. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Sr. Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 2435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2677004 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;01/01/42 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3126160 |
| Stillwater Util. Auth. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;10/01/39 | 1865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1911295 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9190235 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Oregon 0.2%** | **Oregon 0.2%** | **Oregon 0.2%** | **Oregon 0.2%** | **Oregon 0.2%** |
| Oregon Hlth. & Science Univ. Rev.,<br> Series B-1, Rfdg. (Mandatory put date 02/01/30) | 5.000 %(cc) | &nbsp;&nbsp;07/01/46 | 2000 | &nbsp;&nbsp; $2210966 |
| **Pennsylvania 5.0%** | **Pennsylvania 5.0%** | **Pennsylvania 5.0%** | **Pennsylvania 5.0%** | **Pennsylvania 5.0%** |
| Allegheny Cnty. Arpt. Auth. Rev.,<br> Series A, AMT | 5.000 | &nbsp;&nbsp;01/01/27 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2105586 |
| Bucks Cnty. Indl. Dev. Auth. Rev.,<br> Grand View Hosp. Proj. | 5.000 | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;351725 |
| Comnwlth. Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Mstr. Settlement Payment Bonds | 5.000 | &nbsp;&nbsp;06/01/25 | 2405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2518037 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Mstr. Settlement Payment Bonds | 5.000 | &nbsp;&nbsp;06/01/28 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1384100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tob. Mstr. Settlement Payment Bonds | 5.000 | &nbsp;&nbsp;06/01/34 | 1095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1166080 |
| Delaware Vlly. Regl. Fin. Auth. Rev.,<br> Series A, AMBAC | 5.500 | &nbsp;&nbsp;08/01/28 | 2290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2563969 |
| Geisinger Auth. Rev.,<br> Geisinger Hlth. Sys. Oblig. Grp., Rfdg. (Mandatory put date 02/15/27) | 5.000(cc) | &nbsp;&nbsp;04/01/43 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1162876 |
| Gen. Auth. of Southcentral Pennsylvania Rev.,<br> Wellspan Hlth. Oblig. Grp., Series A, Rfdg. (Pre-refunded date 06/01/24)(ee) | 5.000 | &nbsp;&nbsp;06/01/44 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3102594 |
| Lehigh Cnty. Gen. Purp. Auth. Rev.,<br> Lehigh Vlly. Academy Regl. Chrt. Sch. | 4.000 | &nbsp;&nbsp;06/01/57 | 1445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1107204 |
| Luzerne Cnty. Indl. Dev. Auth. Rev.,<br> Pennsylvania American, Rfdg., AMT (Mandatory put date 12/03/29) | 2.450(cc) | &nbsp;&nbsp;12/01/39 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1113106 |
| Pennsylvania Econ. Dev. Fing. Auth. Rev.,<br> Wste. Mgmt., Inc. Proj., Series B, Rfdg., AMT (Mandatory put date 11/02/26) | 1.100(cc) | &nbsp;&nbsp;06/01/31 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133454 |
| Pennsylvania Higher Edl. Facs. Auth. Rev.,<br> Univ. of Pennsylvania Hlth. Sys. | 5.000 | &nbsp;&nbsp;08/15/49 | 2245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2323487 |
| Pennsylvania Tpke. Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;12/01/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1542467 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-2, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/28 | &nbsp;&nbsp;&nbsp;870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;958949 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B | 5.000 | &nbsp;&nbsp;12/01/45 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7157897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series A-1 | 5.000 | &nbsp;&nbsp;12/01/25 | 1425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1511937 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/29 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2047867 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B-1 | 5.250 | &nbsp;&nbsp;06/01/47 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2059895 |
| Philadelphia Arpt. Rev.,<br> Priv. Activ., Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/27 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1190523 |
| Philadelphia Auth. for Indl. Dev. Rev.,<br> Children's Hosp. Proj., Rfdg. | 4.000 | &nbsp;&nbsp;07/01/37 | 1075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072048 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** | **Pennsylvania (cont'd.)** |
| Philadelphia Gas Wks. Co. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;16th Series A, AGM | 5.000% | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp; $693443 |
| &nbsp;&nbsp;&nbsp;&nbsp;16th Series A, AGM | 5.000 | &nbsp;&nbsp;08/01/29 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1123975 |
| Philadelphia Wtr. & Wstewtr. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;11/01/27 | &nbsp;&nbsp;1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1296521 |
| Univ. of Pittsburgh Comnwlth. Sys. of Higher Ed. Rev.,<br> Rfdg. | 4.000 | &nbsp;&nbsp;04/15/26 | &nbsp;&nbsp;2395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2488254 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44210323 |
| **Puerto Rico 2.5%** | **Puerto Rico 2.5%** | **Puerto Rico 2.5%** | **Puerto Rico 2.5%** | **Puerto Rico 2.5%** |
| Puerto Rico Comnwlth.,<br> Restructured, Series A, GO, CABS | 5.210(t) | &nbsp;&nbsp;07/01/24 | 11670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10755621 |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue,<br> Restructured, Series A-1 | 5.000 | &nbsp;&nbsp;07/01/58 | &nbsp;&nbsp;4413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4154146 |
| Puerto Rico Sales Tax Fing. Corp. Sales Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A-1 | 4.500 | &nbsp;&nbsp;07/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797424 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, CABS | 4.345(t) | &nbsp;&nbsp;07/01/24 | &nbsp;&nbsp;1131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1056453 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, CABS | 4.683(t) | &nbsp;&nbsp;07/01/27 | &nbsp;&nbsp;6342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5128969 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21892613 |
| **Rhode Island 1.1%** | **Rhode Island 1.1%** | **Rhode Island 1.1%** | **Rhode Island 1.1%** | **Rhode Island 1.1%** |
| Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,<br> Clg. & Univ. Rev. | 5.250 | &nbsp;&nbsp;08/15/43 | &nbsp;&nbsp;3965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4197573 |
| Tob. Settlement Fing. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/24 | &nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692163 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/40 | &nbsp;&nbsp;4350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4373105 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9262841 |
| **South Carolina 1.2%** | **South Carolina 1.2%** | **South Carolina 1.2%** | **South Carolina 1.2%** | **South Carolina 1.2%** |
| South Carolina Ports Auth. Rev.,<br> AMT | 4.000 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913087 |
| South Carolina Pub. Svc. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Santee Cooper, Series A, Rfdg. (Pre-refunded date 12/01/23)(ee) | 5.750 | &nbsp;&nbsp;12/01/43 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3095654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/29 | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1354303 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/31 | &nbsp;&nbsp;4595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5018685 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10381729 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **South Dakota 0.1%** | **South Dakota 0.1%** | **South Dakota 0.1%** | **South Dakota 0.1%** | **South Dakota 0.1%** |
| Edl. Enhancement Fdg. Corp. Rev.,<br> Series B, Rfdg. (Pre-refunded 06/01/23)(ee) | 5.000% | &nbsp;&nbsp;06/01/27 | 1000 | &nbsp;&nbsp; $1011799 |
| **Tennessee 1.5%** | **Tennessee 1.5%** | **Tennessee 1.5%** | **Tennessee 1.5%** | **Tennessee 1.5%** |
| Memphis Shelby Cnty. Arpt. Auth. Rev.,<br> Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/25 | &nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859904 |
| Tennessee Energy Acq. Corp. Gas Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Nat. Gas Utility Imps. (Mandatory put date 11/01/25) | 4.000(cc) | &nbsp;&nbsp;11/01/49 | 9750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9680042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.250 | &nbsp;&nbsp;09/01/26 | 2605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2699962 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13239908 |
| **Texas 5.5%** | **Texas 5.5%** | **Texas 5.5%** | **Texas 5.5%** | **Texas 5.5%** |
| Central Texas Regl. Mobility Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BANS, Sub. Series F | 5.000 | &nbsp;&nbsp;01/01/25 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2064000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C | 5.000 | &nbsp;&nbsp;01/01/27 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845122 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A (Pre-refunded 07/01/25)(ee) | 5.000 | &nbsp;&nbsp;01/01/40 | 1395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1477764 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A (Pre-refunded date 07/01/25)(ee) | 5.000 | &nbsp;&nbsp;01/01/45 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059969 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series D, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1096430 |
| Clifton Higher Ed. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch. | 6.000 | &nbsp;&nbsp;08/15/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017345 |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch., Rfdg., PSFG | 5.000 | &nbsp;&nbsp;08/15/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1028265 |
| Dallas Hotel Occupancy Tax Rev.,<br> Rfdg. | 4.000 | &nbsp;&nbsp;08/15/28 | 1010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025481 |
| Dallas-Fort Worth Int'l. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;11/01/27 | 1455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1567338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/26 | 1375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1458166 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/26 | 1475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1564214 |
| Grand Parkway Trans. Corp. Rev.,<br> 1st Tier Toll Rev., Series A | 5.125 | &nbsp;&nbsp;10/01/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013131 |
| Harris Cnty. Cultrl. Ed. Facs. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Med. Facs. Mtg., Baylor Clg. of Medicine, Series A, Rfdg. (Mandatory put date 07/01/24) | 3.287(cc) | &nbsp;&nbsp;11/15/46 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018051 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mem. Hermann Hlth. Sys., Series C-3, Rfdg. (Mandatory put date 12/01/26) | 5.000(cc) | &nbsp;&nbsp;06/01/32 | 2380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2536230 |
| &nbsp;&nbsp;&nbsp;&nbsp;Texas Children's Hosp., Series B, Rfdg. (Mandatory put date 10/01/24) | 5.000(cc) | &nbsp;&nbsp;10/01/41 | 1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1328115 |
| Harris Cnty. Toll Road Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/29 | 1710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1938971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/43 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3187452 |
| Lower Colorado River Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LCRA Transmn. Svcs. Corp. Proj., Rfdg. | 5.000 | &nbsp;&nbsp;05/15/27 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2161578 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** |
| Lower Colorado River Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LCRA Transmn. Svcs. Corp. Proj., Series A, Rfdg. | 6.000% | &nbsp;&nbsp;05/15/52 | 1500 | &nbsp;&nbsp; $1692219 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AGM | 5.000 | &nbsp;&nbsp;05/15/28 | 1130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1249183 |
| Matagorda Cnty. Navigation Dist. No. 1 Rev.,<br> Cent. Pwr. & Lt., Rmkt., Rfdg., AMT (Mandatory put date 09/01/23) | 0.900(cc) | &nbsp;&nbsp;05/01/30 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1220448 |
| North Texas Twy. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Tier Bonds, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/25 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2009680 |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Tier, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158246 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/48 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1280859 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/27 | 1565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1694401 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1644194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2033982 |
| Tarrant Cnty. Cultrl. Edu. Facs. Fin. Corp. Rev.,<br> Christus Hlth. Series A (Mandatory put date 07/01/32) | 5.000(cc) | &nbsp;&nbsp;07/01/53 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3240929 |
| Texas Priv. Activ. Surf. Trans. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 6.750 | &nbsp;&nbsp;06/30/43 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, NTE Mobility Partners, Series 3A & 3B, AMT | 7.000 | &nbsp;&nbsp;12/31/38 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1535774 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48656157 |
| **Utah 1.6%** | **Utah 1.6%** | **Utah 1.6%** | **Utah 1.6%** | **Utah 1.6%** |
| Cnty. of Utah Rev.,<br> IHC Hlth. Serv., Inc., Series B (Mandatory put date 08/01/26) | 5.000(cc) | &nbsp;&nbsp;05/15/60 | 6800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7336702 |
| Salt Lake City Corp. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/23 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2019742 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/28 | 2070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2210302 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.250 | &nbsp;&nbsp;07/01/48 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2048932 |
| Utah Telecommunication Open Infrast. Agcy. Rev.,<br> Rfdg.(hh) | 5.500 | &nbsp;&nbsp;06/01/40 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560444 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14176122 |
| **Virginia 1.1%** | **Virginia 1.1%** | **Virginia 1.1%** | **Virginia 1.1%** | **Virginia 1.1%** |
| Fairfax Cnty. Indl. Dev. Auth. Rev.,<br> Healthcare, Inova Hlth. Sys., Series A, Rfdg. | 4.000 | &nbsp;&nbsp;05/15/48 | 2550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2342628 |
| Hampton Roads Trans. Accountability Commn. Rev.,<br> BANS, Sr. Lien, Series A | 5.000 | &nbsp;&nbsp;07/01/26 | 4160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4476833 |

---

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)#** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Virginia (cont'd.)** | **Virginia (cont'd.)** | **Virginia (cont'd.)** | **Virginia (cont'd.)** | **Virginia (cont'd.)** |
| Virginia Small Bus. Fing. Auth. Rev.,<br> Sr. Lien Elizabeth River Crossing Opco, LLC Proj. Rfdg. | 4.000% | &nbsp;&nbsp;01/01/30 | 1750 | &nbsp;&nbsp; $1726886 |
| Wise Cnty. Indl. Dev. Auth. Rev.,<br> VA Elec. & Pwr. Co., Rmkt., Series A (Mandatory put date 05/31/24) | 1.200(cc) | &nbsp;&nbsp;11/01/40 | &nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;717306 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9263653 |
| **Washington 2.4%** | **Washington 2.4%** | **Washington 2.4%** | **Washington 2.4%** | **Washington 2.4%** |
| King Cnty.,<br> Series A, GO | 5.000 | &nbsp;&nbsp;01/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1106317 |
| Port of Seattle Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermediate Lein Priv. Activ., Series C, Rfdg., AMT | 5.000 | &nbsp;&nbsp;08/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1609209 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermediate Lien Priv. Activ., Series C, Rfdg., AMT | 5.000 | &nbsp;&nbsp;08/01/46 | 8145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8294248 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;05/01/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1522983 |
| Univ. of Washington Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Delivery, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/31 | 1345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1547757 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Delivery, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/32 | 1460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1675743 |
| Washington Econ. Dev. Fin. Auth. Rev.,<br> Mura Cascade ELP LLC Proj. Rfdg., AMT (Mandatory put date 12/08/23), 144A(hh) | 3.900(cc) | &nbsp;&nbsp;12/01/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1986445 |
| Washington Healthcare Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Multicare Hlth. Sys., Series B, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/26 | &nbsp;&nbsp;&nbsp;670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;705730 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | &nbsp;&nbsp;07/01/38 | 2690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2716922 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21165354 |
| **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** | **Wisconsin 0.3%** |
| Pub. Fin. Auth. Rev.,<br> Providence St. Joseph Hlth., Series C, Rfdg. (Mandatory put date 10/01/30) | 4.000(cc) | &nbsp;&nbsp;10/01/41 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1508485 |
| Wisconsin Hlth. & Edl. Facs. Auth. Rev.,<br> Ascension Hlth. Alliance, Rmkt., Series B-1, Rfdg. | 4.000 | &nbsp;&nbsp;11/15/43 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1383948 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892433 |
| **Total Long-Term Investments<br> (cost $886,913,798)** | **Total Long-Term Investments<br> (cost $886,913,798)** | **Total Long-Term Investments<br> (cost $886,913,798)** | **Total Long-Term Investments<br> (cost $886,913,798)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846420677 |

---

------

#### PGIM National Muni Fund

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

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Short-Term Investment 2.3%** | **Short-Term Investment 2.3%** | **Short-Term Investment 2.3%** |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Ultra Short Bond Fund<br> (cost $19,884,704) | &nbsp;&nbsp;19884704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $19884704 |
| **TOTAL INVESTMENTS 98.7%<br> (cost $906,798,502)** | **TOTAL INVESTMENTS 98.7%<br> (cost $906,798,502)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866305381 |
| Other assets in excess of liabilities(z) 1.3% | Other assets in excess of liabilities(z) 1.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11174551 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;$877479932 |

---

------

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 |
| CDD—Community Development District |
| COP—Certificates of Participation |
| ETM—Escrowed to Maturity |
| GO—General Obligation |
| LIBOR—London Interbank Offered Rate |
| NATL—National Public Finance Guarantee Corp. |
| PSFG—Permanent School Fund Guarantee |
| Rfdg—Refunding |
| TCRs—Transferrable Custodial Receipts |

---

# Principal amount is shown in U.S. dollars unless otherwise stated.

(c) Variable rate instrument. The interest rate shown reflects the rate in effect at November 30, 2022.

(cc) Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.

(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 November 30, 2022.

(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:

------

#### PGIM National Muni Fund

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** | **Futures contracts outstanding at November 30, 2022:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** | **Short Position:** |
| 230 | 20 Year U.S. Treasury Bonds | Mar. 2023 | $29210000 | $(316876) |

---

*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 National Muni Fund, Inc.

- **b. Investment Company Act file number:** 811-02992

- **c. CIK number of Registrant:** 0000314612

- **d. LEI of Registrant:** 438AB8ZYK8OAMF4DNX15

- **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 National Muni Fund

- **b. EDGAR series identifier (if any):** S000004518

- **c. LEI of Series:** 549300E5UZ5OT18FCP58

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $881900410.20

**Total Liabilities:** $7154354.63

**Net Assets:** $874746055.57

**Delayed Delivery Securities:** $2000000.00

**Cash Not Reported:** $2566765.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1196.57276000 | **1-Year:** 46385.76106000 | **5-Year:** 198725.14819000 | **10-Year:** 186667.18646000 | **30-Year:** 16067.93404000

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

- **3-Month:** 0.30000000 | **1-Year:** 54.88414000 | **5-Year:** 29.84630000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000195885 | -2.79%               | -0.69%               | 3.17%                |
| Class ID C000012413 | -2.80%               | -0.70%               | 3.16%                |
| Class ID C000012416 | -2.88%               | -0.79%               | 3.06%                |
| Class ID C000012414 | -2.82%               | -0.72%               | 3.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-930073.62              | $-28210885.07                              |
| Month 2  | $-3027298.23             | $-6167607.24                               |
| Month 3  | $-655925.06              | $27236161.88                               |

**Designated Index Information**

- **Index Name:** PGIM National Muni 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3578545.82   | 0.41%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU              | Alaska Industrial Development & Export Authority                             | CUSIP: 011903GA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1701405.64   | 0.19%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1               | Matagorda County Navigation District No 1                                    | CUSIP: 576528DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1220448.11   | 0.14%             | 2030-05-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                           | CUSIP: 167486H69<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1814663.60   | 0.21%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                         | CUSIP: 19648FJM7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1833581.49   | 0.21%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA              | Commonwealth Financing Authority                                             | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1166079.93   | 0.13%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1122263.17   | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                    | CUSIP: 455059AJ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    625000 | PA      | $582059.76    | 0.07%             | 2038-12-01      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP              | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883MQA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1652190.27   | 0.19%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI              | Florida Higher Educational Facilities Financial Authority                    | CUSIP: 34073TFY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304649.83   | 0.15%             | 2025-04-01      | 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        |   9750000 | PA      | $9680042.39   | 1.11%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                          | CUSIP: 64966QQZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079068.76   | 0.12%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REVENUE                    | State of Ohio                                                                | CUSIP: 677561KE1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $3180012.92   | 0.36%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                         | CUSIP: 25483VPF5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    725000 | PA      | $739673.13    | 0.08%             | 2048-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                         | CUSIP: 20772KHW2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070135.80   | 0.24%             | 2033-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224CS6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034328.77   | 0.12%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A              | Washington Health Care Facilities Authority                                  | CUSIP: 93978HNV3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    670000 | PA      | $705730.34    | 0.08%             | 2026-08-15      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $1986444.54   | 0.23%             | 2042-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WH90<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2009680.50   | 0.23%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                   | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736L62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2454551.08   | 0.28%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152M57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515981.37    | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                       | Chicago Board of Education                                                   | CUSIP: 167505VP8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500041.43   | 0.17%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1625522.63   | 0.19%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV              | Arizona Industrial Development Authority                                     | CUSIP: 04052EBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086181.64   | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                         | CUSIP: 20772JY97<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2238323.54   | 0.26%             | 2025-05-15      | Fixed         | 5.00%                 | 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        |   4000000 | PA      | $4383154.28   | 0.50%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                     | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3193672.02   | 0.37%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE              | District of Columbia                                                         | CUSIP: 25477GVJ1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1694565.24   | 0.19%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                             | CUSIP: 74440DDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $778569.09    | 0.09%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                 | State of Hawaii Airports System Revenue                                      | CUSIP: 419794H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515937.04   | 0.17%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH               | Orange County Health Facilities Authority                                    | CUSIP: 68450LEQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014205.86   | 0.12%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WVQ6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1158246.42   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WALNUT CA ENERGY CENTER AUTH R              | Walnut Energy Center Authority                                               | CUSIP: 93265PCW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $828768.55    | 0.09%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION               | Hillsborough County Aviation Authority                                       | CUSIP: 432308H72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4589419.77   | 0.52%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P              | Los Angeles Department of Water & Power Water System Revenue                 | CUSIP: 544525SM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535192.50   | 0.29%             | 2034-07-01      | Fixed         | 5.00%                 | 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      | $1190523.32   | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                   | CUSIP: 544445QS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1162417.40   | 0.13%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                 | State of Hawaii Airports System Revenue                                      | CUSIP: 419794ZL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006805.95   | 0.12%             | 2045-07-01      | 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        |    975000 | PA      | $1042993.44   | 0.12%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                               | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1960948.64   | 0.22%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559783.94   | 0.18%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH                    | Oklahoma Development Finance Authority                                       | CUSIP: 6789083U6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1475775.72   | 0.17%             | 2023-07-06      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL               | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592247K58<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5669146.00   | 0.65%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                    | CUSIP: 155498MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096430.05   | 0.13%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                                | County of King WA                                                            | CUSIP: 49474FZL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106317.21   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                     | CUSIP: 414009PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2536229.63   | 0.29%             | 2032-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                           | CUSIP: 167486WW5<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    340000 | PA      | $343242.03    | 0.04%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #6 SPL ASSMNT REVEN              | Village Community Development District No 6                                  | CUSIP: 92707UBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $341794.41    | 0.04%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE              | City of Whiting IN                                                           | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2078305.03   | 0.24%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                          | CUSIP: 13063CUG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518054.35    | 0.06%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEISINGER PA AUTH HLTH SYS REV              | Geisinger Authority                                                          | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1162875.70   | 0.13%             | 2043-04-01      | Variable      | 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        |   1000000 | PA      | $960059.74    | 0.11%             | 2024-05-01      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE                 | City of Springfield IL Electric Revenue                                      | CUSIP: 850578TU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922865.83    | 0.11%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                | County of Cook IL                                                            | CUSIP: 213185LV1<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1154529.04   | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TELECOMMUNICATION OPEN              | Utah Telecommunication Open Infrastructure Agency                            | CUSIP: 91756SAQ6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $560443.46    | 0.06%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR              | New York State Environmental Facilities Corp                                 | CUSIP: 64986AJA0<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3827015.29   | 0.44%             | 2023-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 645790FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1069563.22   | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU              | Alaska Industrial Development & Export Authority                             | CUSIP: 011903GL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2636229.39   | 0.30%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2275719.35   | 0.26%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                  | CUSIP: 79739GET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026879.58   | 0.23%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                   | CUSIP: 59447T3J0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115024.26   | 0.13%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 646140EU3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192955.02   | 0.25%             | 2052-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6366597.59   | 0.73%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2437795.96   | 0.28%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH               | Louisiana Public Facilities Authority                                        | CUSIP: 546395R63<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2014036.93   | 0.23%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                   | CUSIP: 59447TK44<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056813.28   | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S              | Salt Verde Financial Corp                                                    | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2920325.74   | 0.33%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WE93<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1644193.63   | 0.19%             | 2028-01-01      | 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        |    830000 | PA      | $859903.61    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT              | New Jersey Economic Development Authority                                    | CUSIP: 645780FR3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    625000 | PA      | $541725.26    | 0.06%             | 2029-11-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461363Z2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3915913.25   | 0.45%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                     | CUSIP: 57584Y3F4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1238645.80   | 0.14%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A              | Palm Beach County Health Facilities Authority                                | CUSIP: 69651AAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522800.60    | 0.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                   | County of Utah UT                                                            | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $7336702.04   | 0.84%             | 2060-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                               | CUSIP: 646136YA3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2657034.31   | 0.30%             | 2024-12-15      | 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        |   2800000 | PA      | $2975212.35   | 0.34%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA                   | Municipal Electric Authority of Georgia                                      | CUSIP: 6262076F6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2076101.56   | 0.24%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL               | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592247L24<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $3712783.50   | 0.42%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH #2                | Douglas County Hospital Authority No 2                                       | CUSIP: 259230PJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1336065.16   | 0.15%             | 2053-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL               | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HAE7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1854397.88   | 0.21%             | 2045-05-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                   | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043314.90   | 0.12%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                                    | CUSIP: 64577XCW4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150654.49    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727YK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001113.59   | 0.11%             | 2047-01-01      | 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        |   5000000 | PA      | $5218326.55   | 0.60%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                            | State of Colorado                                                            | CUSIP: 196711UZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4747261.96   | 0.54%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                     | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $824567.14    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152VT5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1212800.83   | 0.14%             | 2024-02-01      | Fixed         | 5.00%                 | 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      | $710220.62    | 0.08%             | 2026-02-01      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANSAS CITY KS               | Wyandotte County-Kansas City Unified Government Utility System Revenue       | CUSIP: 982674KZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2214222.17   | 0.25%             | 2045-09-01      | Fixed         | 5.00%                 | 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        |   1365000 | PA      | $1366966.30   | 0.16%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                  | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007225.64   | 0.23%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP               | Sales Tax Securitization Corp                                                | CUSIP: 79467BCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2360135.03   | 0.27%             | 2026-01-01      | 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        |   2280000 | PA      | $2107682.84   | 0.24%             | 2037-01-01      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP              | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883MPM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145247.04   | 0.25%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED              | Clifton Higher Education Finance Corp                                        | CUSIP: 187145CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017344.82   | 0.12%             | 2043-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH                | E-470 Public Highway Authority                                               | CUSIP: 26822LMQ4<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1410699.78   | 0.16%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST MUNI BOND BANK AUTH               | Alaska Municipal Bond Bank Authority                                         | CUSIP: 01179RE58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1453795.47   | 0.17%             | 2026-12-01      | 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        |   2070000 | PA      | $2210302.07   | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA INDL DEV AUTH               | Fairfax County Industrial Development Authority                              | CUSIP: 303823MW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2342627.88   | 0.27%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  11669821 | PA      | $10755621.46  | 1.23%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST GRANT ANTICI              | State of North Carolina                                                      | CUSIP: 658268EN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110427.32   | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L              | Central Florida Expressway Authority                                         | CUSIP: 153476DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948897.40   | 0.22%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC              | Hampton Roads Transportation Accountability Commission                       | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4160000 | PA      | $4476832.80   | 0.51%             | 2026-07-01      | Fixed         | 5.00%                 | 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        |   2275000 | PA      | $2418877.03   | 0.28%             | 2026-10-01      | Fixed         | 5.00%                 | 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      | $1609209.36   | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT              | Washington Metropolitan Area Transit Authority Dedicated Revenue             | CUSIP: 93878YBB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2190857.91   | 0.25%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV              | County of Franklin OH                                                        | CUSIP: 353187ED5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2185581.48   | 0.25%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH               | Illinois State Toll Highway Authority                                        | CUSIP: 452252JW0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050833.58   | 0.23%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC              | Health & Educational Facilities Authority of the State of Missouri           | CUSIP: 60637AFE7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3516855.65   | 0.40%             | 2044-01-01      | Fixed         | 5.00%                 | 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        |    680000 | PA      | $692162.36    | 0.08%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE               | State of Illinois Sales Tax Revenue                                          | CUSIP: 452227SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1764266.71   | 0.20%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P              | South Carolina Ports Authority                                               | CUSIP: 837123GL6<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913087.23    | 0.10%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST TURNPIKE COMMISSION                 | Ohio Turnpike & Infrastructure Commission                                    | CUSIP: 67760HNR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122098.31   | 0.13%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039982.60   | 0.12%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062753.90   | 0.24%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                    | CUSIP: 155498DU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1477763.84   | 0.17%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224KX6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7157897.32   | 0.82%             | 2045-12-01      | 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        |   3000000 | PA      | $3189730.68   | 0.36%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL               | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HEX1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1651937.15   | 0.19%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH                | E-470 Public Highway Authority                                               | CUSIP: 26822LMP6<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1265477.59   | 0.14%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T              | Lower Colorado River Authority                                               | CUSIP: 54811BUL3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2161578.36   | 0.25%             | 2027-05-15      | 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        |   5000000 | PA      | $4961333.10   | 0.57%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                         | CUSIP: 20772KNQ8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5006470.05   | 0.57%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044466.78   | 0.12%             | 2035-12-01      | 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        |   1000000 | PA      | $1004274.37   | 0.11%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3115001.46   | 0.36%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU              | Alabama Public School and College Authority                                  | CUSIP: 010609FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1419401.28   | 0.16%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S MIAMI FL HLTH FACS AUTH                   | City Of South Miami Health Facilities Authority Inc                          | CUSIP: 838810EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1090777.50   | 0.12%             | 2047-08-15      | 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        |   3000000 | PA      | $3085254.36   | 0.35%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R              | Lower Colorado River Authority                                               | CUSIP: 54811GJ92<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1249183.13   | 0.14%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                             | CUSIP: 34061UKQ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $481085.59    | 0.05%             | 2056-06-15      | Fixed         | 5.00%                 | 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      | $967050.48    | 0.11%             | 2035-07-01      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461365W7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1382585.09   | 0.16%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S              | Salt Verde Financial Corp                                                    | CUSIP: 79575EAM0<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2267867.12   | 0.26%             | 2026-12-01      | Fixed         | 5.25%                 | 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        |   1200000 | PA      | $1210791.50   | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R              | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758B85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $3086423.36   | 0.35%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU              | General Authority of Southcentral Pennsylvania                               | CUSIP: 84129NHL6<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3102594.00   | 0.35%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                            | CUSIP: 605277AL6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $477746.78    | 0.05%             | 2028-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HIGHWAY IMPT REVE              | State of Louisiana                                                           | CUSIP: 546486BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1295215.61   | 0.15%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES               | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PBU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031996.32   | 0.35%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2298867.90   | 0.26%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT              | New Jersey Educational Facilities Authority                                  | CUSIP: 646066BL3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2520191.00   | 0.29%             | 2044-07-01      | 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        |   1425000 | PA      | $1494291.00   | 0.17%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES              | New York State Dormitory Authority                                           | CUSIP: 64990C5A5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041098.18   | 0.12%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4413000 | PA      | $4154146.35   | 0.47%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                       | Georgia Ports Authority                                                      | CUSIP: 373586GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1411213.78   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #6 SPL ASSMNT REVEN              | Village Community Development District No 6                                  | CUSIP: 92707UBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $322809.34    | 0.04%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                         | CUSIP: 167593QP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1331061.42   | 0.15%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | 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        |   2000000 | PA      | $2019742.44   | 0.23%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECKLENBURG NC HOSP               | Charlotte-Mecklenburg Hospital Authority/The                                 | CUSIP: 160853VE4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1213159.88   | 0.14%             | 2050-01-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE              | Village Community Development District No 13                                 | CUSIP: 92708HAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $413365.17    | 0.05%             | 2034-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                   | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736G43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $531281.08    | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP              | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883MLF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016419.68   | 0.23%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN              | New Jersey Higher Education Student Assistance Authority                     | CUSIP: 646080WA5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    550000 | PA      | $572165.03    | 0.07%             | 2025-12-01      | Fixed         | 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        |   2290000 | PA      | $2563968.55   | 0.29%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA              | Long Beach Bond Finance Authority                                            | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071467.90   | 0.12%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE              | County of Cook IL Sales Tax Revenue                                          | CUSIP: 213248DE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135639.80   | 0.24%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                   | Oklahoma Turnpike Authority                                                  | CUSIP: 679111WS9<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3126160.14   | 0.36%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2262375.96   | 0.26%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T              | Lower Colorado River Authority                                               | CUSIP: 54811BZT1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1692219.32   | 0.19%             | 2052-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH               | Orange County Health Facilities Authority                                    | CUSIP: 68450LEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1571139.49   | 0.18%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP              | New York Transportation Development Corp                                     | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974032.29    | 0.11%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITYPLACE FL CDD SPL ASSMNT RE              | Cityplace Community Development District                                     | CUSIP: 17877SAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046101.23   | 0.12%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV              | Arizona Industrial Development Authority                                     | CUSIP: 04052EAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $713105.87    | 0.08%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                    | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $845121.64    | 0.10%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA              | Commonwealth Financing Authority                                             | CUSIP: 20282EAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2518037.14   | 0.29%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                           | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   8145000 | PA      | $8294247.51   | 0.95%             | 2046-08-01      | Fixed         | 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        |   2000000 | PA      | $2018050.54   | 0.23%             | 2046-11-15      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2285302.57   | 0.26%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                   | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736G76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1552969.81   | 0.18%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN              | Florida Development Finance Corp                                             | CUSIP: 34061UEW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    555000 | PA      | $588185.12    | 0.07%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                       | CUSIP: 13048RAF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969931.03    | 0.11%             | 2044-12-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST              | California Municipal Finance Authority                                       | CUSIP: 13049YCP4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064545.75   | 0.12%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182LR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2412539.48   | 0.28%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S              | Long Island Power Authority                                                  | CUSIP: 542691DY3<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3771574.91   | 0.43%             | 2025-09-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                     | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3777820.52   | 0.43%             | 2030-07-01      | 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        |   3000000 | PA      | $3244706.04   | 0.37%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH               | Illinois State Toll Highway Authority                                        | CUSIP: 452252HG7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3128010.50   | 0.36%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1546964.97   | 0.18%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F              | New Jersey Health Care Facilities Financing Authority                        | CUSIP: 64579F4F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015250.09   | 0.12%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF WASHINGTON WA UNIV REV              | University of Washington                                                     | CUSIP: 91523NUZ7<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1547757.07   | 0.18%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS                | City of Los Angeles Department of Airports                                   | CUSIP: 5444352P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2520701.40   | 0.29%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                 | State of Hawaii Airports System Revenue                                      | CUSIP: 419794A51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030558.69   | 0.35%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                                | TSASC Inc/NY                                                                 | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037120.36   | 0.23%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                   | CUSIP: 45204FAS4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1219661.11   | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR R              | County of Miami-Dade FL Water & Sewer System Revenue                         | CUSIP: 59334DMU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2422309.47   | 0.28%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV              | Arizona Industrial Development Authority                                     | CUSIP: 04052EAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331818.97    | 0.04%             | 2030-02-01      | 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        |   2250000 | PA      | $1880837.91   | 0.22%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2825168.71   | 0.32%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                         | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077557.98   | 0.24%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D              | Metropolitan Washington Airports Authority Dulles Toll Road Revenue          | CUSIP: 592643CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069514.78   | 0.24%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA INDL DEV AUTH HO              | Bucks County Industrial Development Authority                                | CUSIP: 11861MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351724.58    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                      | CUSIP: 837151MG1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1354303.51   | 0.15%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV              | City of Farmington NM                                                        | CUSIP: 311450FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2876183.40   | 0.33%             | 2040-06-01      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                             | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3463695.91   | 0.40%             | 2049-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 646140CB7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2220770.77   | 0.25%             | 2032-01-01      | Fixed         | 5.00%                 | 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        |   1600000 | PA      | $1506525.76   | 0.17%             | 2034-05-01      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #7 SPL ASSMNT REVEN              | Village Community Development District No 7                                  | CUSIP: 92707VAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1001283.28   | 0.11%             | 2023-05-01      | 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        |   3000000 | PA      | $3202442.31   | 0.37%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA              | Commonwealth Financing Authority                                             | CUSIP: 20282EAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1384099.90   | 0.16%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152VW8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032393.34   | 0.23%             | 2029-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A              | Greater Orlando Aviation Authority                                           | CUSIP: 3922742J4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526442.95   | 0.17%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6342000 | PA      | $5128968.64   | 0.59%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                   | CUSIP: 59447TK69<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2381304.31   | 0.27%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU              | Wayne County Airport Authority                                               | CUSIP: 944514PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502019.42   | 0.17%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #6 SPL ASSMNT REVEN              | Village Community Development District No 6                                  | CUSIP: 92707UBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $314706.98    | 0.04%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 6461394X0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1556929.80   | 0.18%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH PORT AUTH GAS REV              | Lancaster Port Authority                                                     | CUSIP: 514401BA5<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1383077.58   | 0.16%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461364H1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304119.11   | 0.15%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP               | Sales Tax Securitization Corp                                                | CUSIP: 79467BCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1619597.63   | 0.19%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE               | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682QK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511230.85    | 0.06%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU              | Philadelphia Gas Works Co                                                    | CUSIP: 71783MBK0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    625000 | PA      | $693443.25    | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY              | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DEU9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008310.70   | 0.12%             | 2033-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO              | Industrial Development Board of the City of Mobile Alabama                   | CUSIP: 607167DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946739.88    | 0.11%             | 2034-06-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE                | Ohio Water Development Authority                                             | CUSIP: 67765QLE4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   8825000 | PA      | $9659591.10   | 1.10%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTEVILLE AR SALES & USE TA              | City of Fayetteville AR Sales & Use Tax Revenue                              | CUSIP: 312673FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2837332.77   | 0.32%             | 2032-11-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE              | Railsplitter Tobacco Settlement Authority                                    | CUSIP: 75076PAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1205957.07   | 0.14%             | 2024-06-01      | Fixed         | 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        |   1010000 | PA      | $1025480.57   | 0.12%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE              | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576HM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048932.18   | 0.23%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI              | Florida Higher Educational Facilities Financial Authority                    | CUSIP: 34073TGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1503036.83   | 0.17%             | 2028-04-01      | 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        |   1000000 | PA      | $987571.49    | 0.11%             | 2034-11-01      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL                      | Regional Transportation Authority                                            | CUSIP: 7599112E9<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3604240.35   | 0.41%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN              | Harris County Toll Road Authority/The                                        | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3187451.70   | 0.36%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN              | New Jersey Higher Education Student Assistance Authority                     | CUSIP: 646080WB3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    700000 | PA      | $735457.47    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF WASHINGTON WA UNIV REV              | University of Washington                                                     | CUSIP: 91523NVA1<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1675742.99   | 0.19%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT              | New Jersey Economic Development Authority                                    | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1099884.23   | 0.13%             | 2039-10-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                          | CUSIP: 13063DU22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3151171.20   | 0.36%             | 2026-09-01      | 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        |   3000000 | PA      | $3343777.53   | 0.38%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION               | Hillsborough County Aviation Authority                                       | CUSIP: 432308B45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1294649.26   | 0.15%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                          | CUSIP: 13063C5D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568791.58   | 0.18%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED              | Clifton Higher Education Finance Corp                                        | CUSIP: 187145DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028264.85   | 0.12%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HLTH & EDUCTN              | Massachusetts Health & Educational Facilities Authority                      | CUSIP: 57586EJT9<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3407189.49   | 0.39%             | 2028-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                   | CUSIP: 59447TK77<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2892890.39   | 0.33%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN               | State of Maryland Department of Transportation                               | CUSIP: 574204U84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129411.62   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR              | Allegheny County Airport Authority                                           | CUSIP: 01728LER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105585.78   | 0.24%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152U25<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533325.38   | 0.29%             | 2039-12-01      | 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        |   1035000 | PA      | $1043600.39   | 0.12%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R              | Tobacco Settlement Financing Corp/RI                                         | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4373105.07   | 0.50%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    848000 | PA      | $797424.20    | 0.09%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO              | Northern Tobacco Securitization Corp                                         | CUSIP: 66585VBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065836.41   | 0.12%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE              | Chicago Board of Education                                                   | CUSIP: 167510AM8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001961.98   | 0.11%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R              | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758XS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2339808.01   | 0.27%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                   | CUSIP: 45204FGS8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1600794.83   | 0.18%             | 2025-10-01      | 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        |   3665000 | PA      | $3485062.06   | 0.40%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA                   | Private Colleges & Universities Authority                                    | CUSIP: 74265LD47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2187186.66   | 0.25%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                         | CUSIP: 20772KCL1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1333195.50   | 0.15%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL PUBLIC HOSP D              | Sarasota County Public Hospital District                                     | CUSIP: 803301CW8<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1251839.86   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114925.68   | 0.24%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&              | Salt River Project Agricultural Improvement & Power District                 | CUSIP: 79574CEW9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1307037.42   | 0.15%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                          | CUSIP: 64966QWM8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111583.86   | 0.24%             | 2044-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL               | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2653649.70   | 0.30%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022967.52   | 0.23%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH                | E-470 Public Highway Authority                                               | CUSIP: 26822LDS0<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1840536.20   | 0.21%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS               | Maine Health & Higher Educational Facilities Authority                       | CUSIP: 56042RXU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1242316.55   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REVENUE                      | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736ZN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325987.34   | 0.15%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU              | Utility Debt Securitization Authority                                        | CUSIP: 91802REU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3227104.80   | 0.37%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWEN CNTY KY WTR FACS REVENUE               | County of Owen KY                                                            | CUSIP: 69068WAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984260.79    | 0.11%             | 2040-06-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV              | County of Franklin OH                                                        | CUSIP: 353187EF0<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4492180.59   | 0.51%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                         | CUSIP: 25483VTC8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281174.66   | 0.15%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN              | Massachusetts Bay Transportation Authority Sales Tax Revenue                 | CUSIP: 575579KY2<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1488038.63   | 0.17%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS                | City of Los Angeles Department of Airports                                   | CUSIP: 5444352J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017706.46   | 0.23%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                   | CUSIP: 45204FAT2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2221568.00   | 0.25%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 5926467A5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008288.50   | 0.12%             | 2044-10-01      | Fixed         | 5.00%                 | 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        |   1200000 | PA      | $1288612.79   | 0.15%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE              | Village Community Development District No 13                                 | CUSIP: 92708HAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $846129.50    | 0.10%             | 2030-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO              | Tennessee Energy Acquisition Corp                                            | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2699961.89   | 0.31%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224MJ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1511936.61   | 0.17%             | 2025-12-01      | Fixed         | 5.00%                 | 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        |    850000 | PA      | $942349.18    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | 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        |   1650000 | PA      | $1734300.78   | 0.20%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL              | Rhode Island Health and Educational Building Corp                            | CUSIP: 762197YR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4197573.18   | 0.48%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152WY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013381.96   | 0.12%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN              | County of Broward FL Airport System Revenue                                  | CUSIP: 114894TN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528966.14   | 0.17%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU              | Louisiana Public Facilities Authority                                        | CUSIP: 546399JH0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095309.14   | 0.13%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                     | City of Atlanta GA Department of Aviation                                    | CUSIP: 04780MXJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $890062.48    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $785089.01    | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA              | Chicago O'Hare International Airport                                         | CUSIP: 167593RJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1558022.93   | 0.18%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 6461397B5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2399667.03   | 0.27%             | 2027-01-01      | 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        |   2465000 | PA      | $2572884.94   | 0.29%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT              | North Carolina Turnpike Authority                                            | CUSIP: 65830RCW7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4592480.18   | 0.53%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH              | Maricopa County Industrial Development Authority                             | CUSIP: 56682HCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1185035.70   | 0.14%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182QR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4081822.58   | 0.47%             | 2040-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI              | Dallas Fort Worth International Airport                                      | CUSIP: 2350365B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1458166.04   | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO              | Akron Bath Copley Joint Township Hospital District                           | CUSIP: 009730PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $485774.59    | 0.06%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638THC0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3240929.25   | 0.37%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L              | New York Liberty Development Corp                                            | CUSIP: 649519EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2327645.30   | 0.27%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN              | Harris County Toll Road Authority/The                                        | CUSIP: 41423PCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1938971.21   | 0.22%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152G62<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1412748.68   | 0.16%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535774.24   | 0.18%             | 2038-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647EC1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   3860000 | PA      | $4073558.67   | 0.47%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224ZJ1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    870000 | PA      | $958949.32    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWEN CNTY KY WTR FACS REVENUE               | County of Owen KY                                                            | CUSIP: 69068WAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1346208.00   | 0.15%             | 2039-06-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                     | State of Ohio                                                                | CUSIP: 677523AX0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095617.68   | 0.13%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                               | State of New Jersey                                                          | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5315000 | PA      | $5946332.23   | 0.68%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L              | Central Florida Expressway Authority                                         | CUSIP: 153476HD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $875654.26    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP              | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883MNV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015905.60   | 0.23%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OH HOSP FACS REVENU              | County of Allen OH Hospital Facilities Revenue                               | CUSIP: 01757LGV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1224129.50   | 0.14%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT               | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3930000 | PA      | $4216985.77   | 0.48%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727WQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2536160.30   | 0.29%             | 2031-01-01      | 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        |   2280000 | PA      | $2421639.64   | 0.28%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC FING AUTH LE              | Anaheim Public Financing Authority                                           | CUSIP: 03255LAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2781771.02   | 0.32%             | 2024-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224WR6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059894.56   | 0.24%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                           | CUSIP: 167486WY1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020677.57   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST EDUCTNL ENHANC              | Educational Enhancement Funding Corp                                         | CUSIP: 83754LAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011799.24   | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                | Michigan Finance Authority                                                   | CUSIP: 59447TK28<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572179.94   | 0.18%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                  | Public Finance Authority                                                     | CUSIP: 74442PTB1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508484.89   | 0.17%             | 2041-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI              | Dallas Fort Worth International Airport                                      | CUSIP: 23503CAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1564214.48   | 0.18%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET               | Minneapolis-St Paul Metropolitan Airports Commission                         | CUSIP: 603827K21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2502204.80   | 0.29%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                  | Massachusetts Port Authority                                                 | CUSIP: 575896SZ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    320000 | PA      | $342070.58    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                      | CUSIP: 837151WT2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $5018684.64   | 0.57%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712DJ64<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1383948.09   | 0.16%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                         | CUSIP: 25483VPE8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    850000 | PA      | $867195.91    | 0.10%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE              | Railsplitter Tobacco Settlement Authority                                    | CUSIP: 75076PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3158734.04   | 0.36%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                    | CUSIP: 155498DV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059969.41   | 0.12%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XU97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1973396.79   | 0.23%             | 2051-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T              | Grand Parkway Transportation Corp                                            | CUSIP: 38611TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013130.80   | 0.23%             | 2043-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE              | Railsplitter Tobacco Settlement Authority                                    | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1165046.54   | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU              | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508620.42    | 0.06%             | 2043-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE AUT              | Lehigh County General Purpose Authority                                      | CUSIP: 52480EAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1107203.58   | 0.13%             | 2057-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT US Long Bond                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -230 | NC      | $-316876.28   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                             | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5930000 | PA      | $5825015.22   | 0.67%             | 2050-02-01      | Variable      | 4.00%                 | 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        |  18625872 | NS      | $18625871.70  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                          | CUSIP: 13063DFS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3122737.89   | 0.36%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WZJ8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1694400.62   | 0.19%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                          | CUSIP: 13063CRB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3093531.18   | 0.35%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182HF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1685855.08   | 0.19%             | 2026-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OREGON ST HLTH & SCIENCE UNIV               | Oregon Health & Science University                                           | CUSIP: 685869HH5<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2210965.58   | 0.25%             | 2046-07-01      | Variable      | 5.00%                 | 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        |   1131000 | PA      | $1056452.48   | 0.12%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN              | M-S-R Energy Authority                                                       | CUSIP: 55374SAC4<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2409304.20   | 0.28%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                                    | CUSIP: 64577B7D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1636401.21   | 0.19%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3255000 | PA      | $3591729.29   | 0.41%             | 2028-06-01      | 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        |   1290000 | PA      | $1298653.90   | 0.15%             | 2049-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC              | Regional Transportation District                                             | CUSIP: 759151BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421531.95    | 0.05%             | 2028-07-15      | 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        |   3000000 | PA      | $2723918.16   | 0.31%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CA REDEV AGY TAX ALL              | Pittsburg Successor Agency Redevelopment Agency                              | CUSIP: 724568GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1827782.90   | 0.21%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                               | CUSIP: 646136EK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $4126691.40   | 0.47%             | 2023-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT               | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3702658.72   | 0.42%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC              | Regional Transportation District                                             | CUSIP: 759151BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424315.67    | 0.05%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN              | County of Broward FL Airport System Revenue                                  | CUSIP: 114894WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004625.01   | 0.34%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALG              | Black Belt Energy Gas District                                               | CUSIP: 09182RBE0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2965566.57   | 0.34%             | 2049-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA              | Pennsylvania Higher Educational Facilities Authority                         | CUSIP: 70917S6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2323486.95   | 0.27%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH               | Illinois State Toll Highway Authority                                        | CUSIP: 452252ND7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3402368.85   | 0.39%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                             | CUSIP: 74440DCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3369644.43   | 0.39%             | 2049-12-01      | Variable      | 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      | $1294607.16   | 0.15%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA GAS WKS REVENU              | Philadelphia Gas Works Co                                                    | CUSIP: 71783MBL8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123975.37   | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A              | Greater Orlando Aviation Authority                                           | CUSIP: 392274X35<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5095237.35   | 0.58%             | 2042-10-01      | 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        |   2000000 | PA      | $2064000.24   | 0.24%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE                     | JEA Electric System Revenue                                                  | CUSIP: 46613SQR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7764516.27   | 0.89%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF PITTSBURGH PA OF THE C              | University of Pittsburgh-of the Commonwealth System of Higher Education      | CUSIP: 91335VKW5<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2545396.02   | 0.29%             | 2026-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA              | Long Beach Bond Finance Authority                                            | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1333953.11   | 0.15%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO              | Orlando Utilities Commission                                                 | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $2865319.28   | 0.33%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS CO UTILITIES               | City of Colorado Springs CO Utilities System Revenue                         | CUSIP: 196632W41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104259.95   | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL               | Philadelphia Authority for Industrial Development                            | CUSIP: 717901BK7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1072048.33   | 0.12%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH                       | Georgia Ports Authority                                                      | CUSIP: 373586HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2818268.40   | 0.32%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                             | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7435000 | PA      | $7390931.27   | 0.84%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3186402.21   | 0.36%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                         | CUSIP: 25483VVP6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1231932.57   | 0.14%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G              | Central Plains Energy Project                                                | CUSIP: 154871CT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4481362.50   | 0.51%             | 2050-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH               | Louisiana Public Facilities Authority                                        | CUSIP: 546395Q49<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10596.47     | 0.00%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA INDL DEV AUTH               | Luzerne County Industrial Development Authority                              | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1113105.78   | 0.13%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3435783.86   | 0.39%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                         | CUSIP: 19648FJP0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2220538.68   | 0.25%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU              | New Jersey Turnpike Authority                                                | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2294429.35   | 0.26%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH                  | Industrial Development Authority of the County of Pima/The                   | CUSIP: 721901JW7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000492.40   | 0.23%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                       | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $440768.24    | 0.05%             | 2038-12-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH               | Illinois State Toll Highway Authority                                        | CUSIP: 452252PH6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3455000 | PA      | $3905500.39   | 0.45%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI              | Dallas Fort Worth International Airport                                      | CUSIP: 2350365U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1567337.57   | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN              | State of Hawaii Department of Budget & Finance                               | CUSIP: 419800JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2604398.82   | 0.30%             | 2043-07-01      | Fixed         | 5.50%                 | 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        |   3240000 | PA      | $3248744.92   | 0.37%             | 2048-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                              | State of Connecticut                                                         | CUSIP: 20772KHV4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2880900.55   | 0.33%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L              | California State Public Works Board                                          | CUSIP: 13068XBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $977419.36    | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH HLTH               | Camden County Improvement Authority/The                                      | CUSIP: 13281QAY1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505370.71   | 0.17%             | 2042-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WPR1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033982.24   | 0.23%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                       | CUSIP: 677525WN3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1440356.60   | 0.16%             | 2027-12-01      | Variable      | 2.10%                 | 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        |   1000000 | PA      | $978681.95    | 0.11%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT               | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1207669.38   | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A              | Washington Health Care Facilities Authority                                  | CUSIP: 93978HKJ3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2716922.17   | 0.31%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                             | CUSIP: 13033L8P5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020726.24   | 0.12%             | 2054-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $367908.91    | 0.04%             | 2029-01-01      | 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        |   7815000 | PA      | $8000006.45   | 0.91%             | 2049-09-01      | Variable      | 5.00%                 | 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        |    500000 | PA      | $534177.02    | 0.06%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS               | Maine Health & Higher Educational Facilities Authority                       | CUSIP: 56042RXT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1293528.62   | 0.15%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1740698.89   | 0.20%             | 2035-06-01      | 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      | $1133454.41   | 0.13%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION              | Metropolitan Water Reclamation District of Greater Chicago                   | CUSIP: 167560VF5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911354.14    | 0.10%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647HM6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611699.38   | 0.18%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                              | CUSIP: 64972GYM0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2534859.10   | 0.29%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N              | Tobacco Settlement Financing Corp                                            | CUSIP: 888808GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1317447.44   | 0.15%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE               | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682QL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514673.54    | 0.06%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH              | Brevard County Health Facilities Authority                                   | CUSIP: 107416QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $373392.92    | 0.04%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224PC7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2047867.23   | 0.23%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                   | North Texas Tollway Authority                                                | CUSIP: 66285WXZ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1280858.99   | 0.15%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C              | Development Authority of Monroe County/The                                   | CUSIP: 610530FR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953839.42    | 0.11%             | 2025-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST MAJOR NEW STATE INFRAS              | State of Ohio                                                                | CUSIP: 677581HT0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    800000 | PA      | $898166.02    | 0.10%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV              | Colorado Health Facilities Authority                                         | CUSIP: 19648FKL7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2619731.53   | 0.30%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL REDEV AGY                    | Miami Beach Redevelopment Agency                                             | CUSIP: 593237FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512763.94   | 0.17%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA              | Harris County Cultural Education Facilities Finance Corp                     | CUSIP: 414009MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1328114.54   | 0.15%             | 2041-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R              | City of Philadelphia PA Water & Wastewater Revenue                           | CUSIP: 717893P54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1296520.86   | 0.15%             | 2027-11-01      | Fixed         | 5.00%                 | 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        |    750000 | PA      | $717306.69    | 0.08%             | 2040-11-01      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION              | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727VJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2563730.14   | 0.29%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER OK UTILITIES AUTH                | Stillwater Utilities Authority                                               | CUSIP: 860820DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1911294.75   | 0.22%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA PUBLIC FING               | Riverside County Public Financing Authority                                  | CUSIP: 76912KCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078065.03   | 0.12%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                  | CUSIP: 79739GES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013324.05   | 0.12%             | 2038-07-01      | Fixed         | 5.00%                 | 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        |   1750000 | PA      | $1726885.72   | 0.20%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                           | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4026718.12   | 0.46%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                      | CUSIP: 837151HY8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3095653.62   | 0.35%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                            | CUSIP: 452152P70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3775235.99   | 0.43%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                   | Oklahoma Turnpike Authority                                                  | CUSIP: 679111A95<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2677004.13   | 0.31%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE              | New Jersey Economic Development Authority                                    | CUSIP: 6459185Y5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2164144.27   | 0.25%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                  | Port of Seattle WA                                                           | CUSIP: 735389E20<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522982.60   | 0.17%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                         | CUSIP: 25483VQW7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1400030.09   | 0.16%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE              | Port Authority of New York & New Jersey                                      | CUSIP: 73358XAH5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611245.61   | 0.18%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                | Illinois Finance Authority                                                   | CUSIP: 45204FAQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1605594.18   | 0.18%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                             | CUSIP: 709224HN2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542467.42   | 0.18%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                     | Florida Development Finance Corp                                             | CUSIP: 340618DE4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999988.40   | 0.46%             | 2056-12-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Prudential National Muni Fund, Inc.

**Signature:** Christian J. Kelly

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

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