# EDGAR Filing Document

**Accession Number:** 0000314612
**File Stem:** 0000940400-26-002816
**Filing Date:** 2026-1
**Character Count:** 319713
**Document Hash:** 5d36b6f67d3c1ad9c03b9ecb60884053
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002816.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002816

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL NATIONAL MUNI FUND, INC.
- **CENTRAL INDEX KEY:** 0000314612

**ORGANIZATION NAME:**
- **EIN:** 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:** 26567147

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

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH 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, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 97.4%** | **Long-Term Investments 97.4%** | **Long-Term Investments 97.4%** | **Long-Term Investments 97.4%** | **Long-Term Investments 97.4%** |
| **Municipal Bonds 95.6%** | **Municipal Bonds 95.6%** | **Municipal Bonds 95.6%** | **Municipal Bonds 95.6%** | **Municipal Bonds 95.6%** |
| **Alabama 5.5%** | **Alabama 5.5%** | **Alabama 5.5%** | **Alabama 5.5%** | **Alabama 5.5%** |
| Baldwin Cnty. Indl. Dev. Auth. Rev.,<br> Novelis Corp. Proj., Series A, AMT (Mandatory put date 06/01/32), 144A | 5.000 %(cc) | &nbsp;&nbsp;06/01/55 | 5500 | &nbsp;&nbsp; $5616817 |
| Black Belt Energy Gas Dist. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj. No. 7, Series C-1 (Mandatory put date 12/01/26) | 4.000(cc) | &nbsp;&nbsp;10/01/52 | 7815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7861928 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj. No. 8, Series A (Mandatory put date 12/01/29) | 4.000(cc) | &nbsp;&nbsp;12/01/52 | 2895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2918646 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj., Series A (Mandatory put date 05/01/32) | 5.250(cc) | &nbsp;&nbsp;05/01/56 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5159320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Proj., Series E (Mandatory put date 05/01/35) | 5.000(cc) | &nbsp;&nbsp;12/01/55 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4321389 |
| &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;5198644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. No. 6, Series B (Mandatory put date 12/01/26) | 4.000(cc) | &nbsp;&nbsp;10/01/52 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3016561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. (Mandatory put date 12/01/31) | 4.000(cc) | &nbsp;&nbsp;06/01/51 | 5540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5705826 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B (Mandatory put date 09/01/32) | 5.000(cc) | &nbsp;&nbsp;10/01/55 | 4200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4535848 |
| &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;1008948 |
| Energy Southeast A Cooperative Dist. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;11/01/35 | 5500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5933675 |
| Jefferson Cnty. Swr. Rev.,<br> Warrants, Rfdg. | 5.250 | &nbsp;&nbsp;10/01/42 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1621858 |
| Southeast Energy Auth. Cooperative Dist. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. No. 5, Series A (Mandatory put date 07/01/29) | 5.250(cc) | &nbsp;&nbsp;01/01/54 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2641672 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;11/01/26 | 2060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2080522 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D | 5.000 | &nbsp;&nbsp;09/01/35 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5482004 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63103658 |
| **Alaska 0.9%** | **Alaska 0.9%** | **Alaska 0.9%** | **Alaska 0.9%** | **Alaska 0.9%** |
| 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;2631468 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanana Chiefs Conference Proj., Series A | 5.000 | &nbsp;&nbsp;10/01/26 | 2385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2419818 |
| &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;1649467 |
| 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;1380727 |
| Alaska St.,<br> Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/35 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1174843 |
| Northern Tob. Secur. Corp. Rev.,<br> Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/31 | 1175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1265715 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10522038 |
| **Arizona 1.8%** | **Arizona 1.8%** | **Arizona 1.8%** | **Arizona 1.8%** | **Arizona 1.8%** |
| Arizona Hlth. Facs. Auth. Rev.,<br> Banner Hlth., Series B (Mandatory put date 10/01/24) | 4.080(cc) | &nbsp;&nbsp;01/01/37 | 2265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2241727 |
| Arizona Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ironwood Ranch Apts. Proj. (Mandatory put date 09/01/26) | 5.000(cc) | &nbsp;&nbsp;02/01/58 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3034774 |
| &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;324577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Equitable Sch. Revolving Fd., Series A | 5.250 | &nbsp;&nbsp;11/01/48 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3066659 |
| 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;1166653 |
| Pima Cnty. Ind. Dev. Auth. Rev.,<br> AZ Chart. Schs. Proj., Series R, Rfdg. | 4.000 | &nbsp;&nbsp;07/01/26 | &nbsp;&nbsp;&nbsp;790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792676 |
| Salt River Proj. Agric. Impvt. & Pwr. Dist. Elec. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Salt River Proj., Series A | 5.000 | &nbsp;&nbsp;01/01/47 | 1925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2029578 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B | 5.000 | &nbsp;&nbsp;05/01/42 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2757024 |
| Salt Verde Finl. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Gas Rev., Sr. Bonds | 5.000 | &nbsp;&nbsp;12/01/32 | 2685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2896358 |
| &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;2221968 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20531994 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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)** |
| **Arkansas 0.6%** | **Arkansas 0.6%** | **Arkansas 0.6%** | **Arkansas 0.6%** | **Arkansas 0.6%** |
| Arkansas Dev. Fin. Auth. Rev.,<br> Weyerhaeuser Co. Proj., AMT (Mandatory put date 10/15/32) | 3.875 %(cc) | &nbsp;&nbsp;10/15/65 | &nbsp;&nbsp;4385 | &nbsp;&nbsp; $4398114 |
| Fayetteville Sales & Use Tax Rev.,<br> Sales & Use Tax | 2.875 | &nbsp;&nbsp;11/01/32 | &nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1992663 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6390777 |
| **California 4.6%** | **California 4.6%** | **California 4.6%** | **California 4.6%** | **California 4.6%** |
| California Cmnty. Choice Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Clean Energy Proj., Sustainable Bond, Series C (Mandatory put date 10/01/33) | 5.000(cc) | &nbsp;&nbsp;12/01/55 | &nbsp;&nbsp;3750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3990537 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Clean Energy Proj., Series C (Mandatory put date 10/01/31) | 5.250(cc) | &nbsp;&nbsp;01/01/54 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2128785 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Clean Energy Proj., Series F | 5.000 | &nbsp;&nbsp;11/01/33 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2734580 |
| 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 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1063888 |
| &nbsp;&nbsp;&nbsp;&nbsp;Muni. CTFS, Series 2025-1, Class A-2 | 3.537(cc) | &nbsp;&nbsp;02/20/41 | &nbsp;&nbsp;2218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972745 |
| Freddie Mac Multifamily Cert. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FRETE 2023, ML18, Class X-CA | 1.505(cc) | &nbsp;&nbsp;09/25/37 | 28981 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3062966 |
| &nbsp;&nbsp;&nbsp;&nbsp;FRETE 2024, ML22, Class A-US | 4.686(cc) | &nbsp;&nbsp;10/25/40 | &nbsp;&nbsp;2471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2562551 |
| &nbsp;&nbsp;&nbsp;&nbsp;FRETE 2024, ML23, SPC, Sustainable Bonds, 144A | 4.701(cc) | &nbsp;&nbsp;04/25/42 | &nbsp;&nbsp;2886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2954835 |
| &nbsp;&nbsp;&nbsp;&nbsp;FRETE 2024, ML24 Trust, Green Bonds | 4.300(cc) | &nbsp;&nbsp;05/25/41 | &nbsp;&nbsp;3949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3980274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Series ML-27, Class A, USM | 4.759 | &nbsp;&nbsp;08/25/41 | &nbsp;&nbsp;3230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3303200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Series ML-31, Class A-USM | 4.604(cc) | &nbsp;&nbsp;06/25/42 | &nbsp;&nbsp;2498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2618659 |
| Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;11/15/35 | &nbsp;&nbsp;1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1477238 |
| Los Angeles Dept. of Wtr. & Pwr. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/28 | &nbsp;&nbsp;1285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344128 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/31 | &nbsp;&nbsp;4210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4704483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C | 4.000 | &nbsp;&nbsp;07/01/26 | &nbsp;&nbsp;5840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5888574 |
| M-S-R Energy Auth. Rev.,<br> Series A | 6.500 | &nbsp;&nbsp;11/01/39 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2454521 |
| Port of Los Angeles Rev.,<br> Series A-1, Rfdg. AMT | 5.000 | &nbsp;&nbsp;08/01/34 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1142234 |
| San Francisco City & Cnty. Arpt. Commn. Rev.,<br> 2nd Series, San Francisco Intl. Arpt., Series A, Rfdg., AMT | 5.250 | &nbsp;&nbsp;05/01/43 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700337 |
| Southern Calif. Pub. Pwr. Auth. Rev.,<br> Canyon Pwr. Proj., Series B, Rfdg. (Mandatory put date 07/01/27) | 3.700(cc) | &nbsp;&nbsp;07/01/40 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2537072 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52621607 |
| **Colorado 4.4%** | **Colorado 4.4%** | **Colorado 4.4%** | **Colorado 4.4%** | **Colorado 4.4%** |
| Baseline Metropolitan Dist. No. 1,<br> Series A, GO, Rfdg., AG | 4.250 | &nbsp;&nbsp;12/01/54 | &nbsp;&nbsp;4400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4263360 |
| Colorado Hlth. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Adventhealth Oblig. Grp., Series B, Rfdg. (Mandatory put date 11/15/30) | 5.000(cc) | &nbsp;&nbsp;11/15/36 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3277100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commonspirit Hlth., Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/32 | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2364638 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermountain Healthcare, Series B, Rfdg. (Mandatory put date 08/17/26) | 5.000(cc) | &nbsp;&nbsp;05/15/62 | &nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7005772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermountain Healthcare, Series C, Rfdg. (Mandatory put date 08/15/28) | 5.000(cc) | &nbsp;&nbsp;05/15/62 | &nbsp;&nbsp;3205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3378158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intermountain Hlth., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;05/15/44 | &nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1306690 |
| &nbsp;&nbsp;&nbsp;&nbsp;SCL Hlth. Sys., Series B, Rfdg. | 4.000 | &nbsp;&nbsp;01/01/40 | &nbsp;&nbsp;3060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3062785 |
| Colorado Springs Co. Util. Sys. Rev.,<br> Series A-4 | 5.000 | &nbsp;&nbsp;11/15/43 | &nbsp;&nbsp;3080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3222888 |
| Colorado St.,<br> COP | 6.000 | &nbsp;&nbsp;12/15/39 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4705798 |
| Denver City & Cnty. Arpt. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.500 | &nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;1875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2039751 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, Rfdg., AMT | 5.750 | &nbsp;&nbsp;11/15/35 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1145380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B, Rfdg., AMT | 5.500 | &nbsp;&nbsp;11/15/41 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1107914 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B, Rfdg., AMT | 5.500 | &nbsp;&nbsp;11/15/42 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1103357 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/34 | &nbsp;&nbsp;2375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2459820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/35 | &nbsp;&nbsp;1130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175509 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** | **Colorado (cont'd.)** |
| Denver City & Cnty. Arpt. Sys. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Sys., Series A, Rfdg., AMT | 5.250% | &nbsp;&nbsp;12/01/43 | 3000 | &nbsp;&nbsp; $3074463 |
| 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;417886 |
| &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;424950 |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado,<br> Series A, GO, 144A | 5.000 | &nbsp;&nbsp;04/01/35 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5461153 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50997372 |
| **Connecticut 1.5%** | **Connecticut 1.5%** | **Connecticut 1.5%** | **Connecticut 1.5%** | **Connecticut 1.5%** |
| Connecticut St.,<br> Series C, GO | 5.000 | &nbsp;&nbsp;08/15/35 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1774509 |
| Connecticut St. Higher Ed. Supplement Loan Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chesla Loan Prog., Series B-1, AMT | 5.250 | &nbsp;&nbsp;11/15/32 | 2630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2878182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chesla Loan Prog., Series B-1, AMT | 5.250 | &nbsp;&nbsp;11/15/33 | 1630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1799286 |
| Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,<br> 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;2295383 |
| Connecticut St. Spl. Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B | 5.000 | &nbsp;&nbsp;10/01/37 | 1440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1512599 |
| &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;2276087 |
| Norwalk Hsg. Auth. Rev.,<br> Wall Street Place (Mandatory put date 09/01/27) | 3.050(cc) | &nbsp;&nbsp;09/01/58 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1993964 |
| Stamford Hsg. Auth. Rev.,<br> Mozaic Concierge Living Proj., Series D | 4.250 | &nbsp;&nbsp;10/01/30 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413123 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16943133 |
| **District of Columbia 1.7%** | **District of Columbia 1.7%** | **District of Columbia 1.7%** | **District of Columbia 1.7%** | **District of Columbia 1.7%** |
| Dist. of Columbia,<br> Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;10/15/38 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3174326 |
| Dist. of Columbia Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dist. of Columbia Intl. Sch. | 5.000 | &nbsp;&nbsp;07/01/49 | 1275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1275373 |
| &nbsp;&nbsp;&nbsp;&nbsp;Friendship Pub. Chart. Sch., Rfdg. | 5.000 | &nbsp;&nbsp;06/01/36 | 1385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1390806 |
| Dist. of Columbia Tob. Settlement Fing. Corp. Rev.,<br> Asset Bkd. Bds., Rfdg. | 6.750 | &nbsp;&nbsp;05/15/40 | 8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8230619 |
| Metropolitan Washington D.C. Arpt. Auth. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. AMT | 5.000 | &nbsp;&nbsp;10/01/30 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3809600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/29 | 1915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2054235 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19934959 |
| **Florida 6.1%** | **Florida 6.1%** | **Florida 6.1%** | **Florida 6.1%** | **Florida 6.1%** |
| Broward Cnty. Arpt. Sys. Rev.,<br> Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/45 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2999967 |
| Broward Cnty. Port Facs. Rev.,<br> AMT | 5.000 | &nbsp;&nbsp;09/01/39 | 1885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2058578 |
| 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;1978200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/38 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2564965 |
| Cityplace CDD.,<br> Spl. Assmt., Rfdg. | 5.000 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267214 |
| County of Broward Port Facilities Rev.,<br> AMT | 5.250 | &nbsp;&nbsp;09/01/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1090021 |
| Florida Dev. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GFL Solid Wst. Southeast LLC Proj., Series A, AMT (Mandatory put date 10/01/31), 144A | 4.375(cc) | &nbsp;&nbsp;10/01/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027601 |
| &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;558265 |
| Florida Higher Edl. Facs. Fing. Auth. Rev.,<br> 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;1427786 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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.)** |
| Fort Lauderdale Wtr. & Swr. Rev.,<br> Enabling Wrks. Proj., Series A | 5.500% | &nbsp;&nbsp;09/01/53 | 2500 | &nbsp;&nbsp; $2696082 |
| 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;5044639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Priority Sub. Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/47 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5014088 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;10/01/38 | 1810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1901570 |
| Hillsborough Cnty. Indl. Dev. Auth. Rev.,<br> Baycare Hlth. Sys., Series C, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/41 | 2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2187863 |
| Jacksonville Hsg. Auth. Rev.,<br> Westwood Apartments | 5.000 | &nbsp;&nbsp;02/01/34 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3418242 |
| JEA Elec. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 3-2024A, Rfdg., AGM | 5.000 | &nbsp;&nbsp;10/01/37 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2878424 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 3-2024A, Rfdg., AGM | 5.000 | &nbsp;&nbsp;10/01/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1131821 |
| Lee Cnty. Arpt. Rev.,<br> AGM, AMT | 5.250 | &nbsp;&nbsp;10/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1071641 |
| Lee County Indl. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Shell Point 2024B-1, Temps -85 | 4.750 | &nbsp;&nbsp;11/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1011008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Shell Point, 2024B-3, Temps-50 | 4.125 | &nbsp;&nbsp;11/15/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005454 |
| Miami Dade Cnty. Avtn. Rev.,<br> Series A, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/01/34 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2793825 |
| Miami Dade Cnty. Edu. Facs. Auth. Rev.,<br> Univ. of Miami, Series B, Rfdg. | 5.250 | &nbsp;&nbsp;04/01/41 | 3470 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3878576 |
| Miami-Dade Cnty. Hsg. Fin. Auth. Rev.,<br> Ambar Station, Series A (Mandatory put date 08/01/29) | 3.250(cc) | &nbsp;&nbsp;02/01/44 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2002639 |
| Orange Cnty. Hlth. Facs. Auth. Rev., |  |  |  |  |
| &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;2315750 |
| &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;1528064 |
| &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;&nbsp;&nbsp;997256 |
| 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;3196027 |
| 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;1222680 |
| 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;1084467 |
| Vlg. CDD No. 6, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/27 | &nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369555 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/28 | &nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;298058 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., Rfdg. | 4.000 | &nbsp;&nbsp;05/01/29 | &nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307961 |
| Vlg. CDD No. 13, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019 Spl. Assmt., Phase I, Ltd. Offering | 3.550 | &nbsp;&nbsp;05/01/39 | 2620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2403901 |
| &nbsp;&nbsp;&nbsp;&nbsp;2021 Spl. Assmt., Phase III | 2.550 | &nbsp;&nbsp;05/01/31 | 1620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1517753 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt. | 3.375 | &nbsp;&nbsp;05/01/34 | &nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443911 |
| &nbsp;&nbsp;&nbsp;&nbsp;Spl. Assmt., 144A | 2.625 | &nbsp;&nbsp;05/01/30 | 2395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2236574 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69930426 |
| **Georgia 4.1%** | **Georgia 4.1%** | **Georgia 4.1%** | **Georgia 4.1%** | **Georgia 4.1%** |
| Main Street Natural Gas, Inc. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A (Mandatory put date 09/01/31) | 5.000(cc) | &nbsp;&nbsp;05/01/54 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2696916 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A (Mandatory put date 06/01/32) | 5.000(cc) | &nbsp;&nbsp;06/01/55 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2719678 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B (Mandatory put date 03/01/32) | 5.000(cc) | &nbsp;&nbsp;12/01/54 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4866544 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E (Mandatory put date 12/01/32) | 5.000(cc) | &nbsp;&nbsp;05/01/55 | 9670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10434371 |
| Atlanta Arpt. Passenger Facs. Charge Rev.,<br> Sub. Lien, Green Bond, Series E, AMT | 5.250 | &nbsp;&nbsp;07/01/43 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4283785 |
| Atlanta GA Dept. Avtn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.250 | &nbsp;&nbsp;07/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.250 | &nbsp;&nbsp;07/01/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2167505 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg., AMT | 5.250 | &nbsp;&nbsp;07/01/44 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1077082 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** | **Georgia (cont'd.)** |
| Burke Cnty. Dev. Auth. Rev.,<br> Georgia Pwr. Co. Plant Vogtle Proj., 5th Series, Rmkt. (Mandatory put date 06/13/28) | 3.700 %(cc) | &nbsp;&nbsp;10/01/32 | 1685 | &nbsp;&nbsp; $1708344 |
| Columbia Cnty. Hosp. Auth. Rev.,<br> Rev Anticipation CTFS, Wellstar Hlth. Sys. Inc. Proj., Series A | 5.125 | &nbsp;&nbsp;04/01/48 | 1220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1263142 |
| DeKalb Cnty. Hsg. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Kensington Station Proj., Series A | 4.000 | &nbsp;&nbsp;12/01/33 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000974 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bond, Park at 500 Proj. | 4.000 | &nbsp;&nbsp;03/01/34 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1995827 |
| Gainesville & Hall Cnty. Hosp. Auth. Rev.,<br> RAN CTFS, NE Georgia Hlth. Sys. Inc. Proj. | 5.000 | &nbsp;&nbsp;10/15/34 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2303625 |
| Georgia Ports Auth. Rev.,<br> Arpt. & Marina Imps. | 5.250 | &nbsp;&nbsp;07/01/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2708775 |
| Muni. Elec. Auth. of Georgia Rev., |  |  |  |  |
| &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;1427485 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. One, Sub. Bonds, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1062608 |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. One, Sub. Bonds, Series A, Rfdg., BAM | 5.250 | &nbsp;&nbsp;01/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1109353 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46926919 |
| **Guam 0.2%** | **Guam 0.2%** | **Guam 0.2%** | **Guam 0.2%** | **Guam 0.2%** |
| Territory of Guam Rev.,<br> Series G, Rfdg. | 5.250 | &nbsp;&nbsp;01/01/38 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2240537 |
| **Hawaii 0.6%** | **Hawaii 0.6%** | **Hawaii 0.6%** | **Hawaii 0.6%** | **Hawaii 0.6%** |
| Honolulu City & Cnty. Wstewtr. Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. 1st Bond Resolution, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/37 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2904623 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. 1st Bond Resolution, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/38 | 3400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3908907 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6813530 |
| **Illinois 7.1%** | **Illinois 7.1%** | **Illinois 7.1%** | **Illinois 7.1%** | **Illinois 7.1%** |
| Chicago, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chicago Works, Series A, GO | 5.500 | &nbsp;&nbsp;01/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/30 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4167018 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 6.000 | &nbsp;&nbsp;01/01/43 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072412 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO, Rfdg., ETM(ee) | 5.000 | &nbsp;&nbsp;01/01/26 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000854 |
| 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;&nbsp;&nbsp;951352 |
| Chicago O'Hare Int'l. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg., AMT | 5.000 | &nbsp;&nbsp;01/01/37 | 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3402790 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg., AMT | 5.250 | &nbsp;&nbsp;01/01/41 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1641307 |
| &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;2034232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A, Rfdg., AMT | 5.250 | &nbsp;&nbsp;01/01/43 | 1625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1745809 |
| 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;3008100 |
| Chicago Wstewtr. Transmn. Rev.,<br> 2nd Lien, Series A | 5.000 | &nbsp;&nbsp;01/01/47 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004730 |
| Chicago Wtrwks. Rev., |  |  |  |  |
| &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;2453736 |
| &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;518367 |
| Cook Cnty. Sales Tax Rev.,<br> Series A, Rfdg. | 5.250 | &nbsp;&nbsp;11/15/45 | 2155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2273526 |
| Illinois Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CenterPoint Joliet Term. Railroad Proj., AMT (Mandatory put date 12/31/34), 144A | 4.125(cc) | &nbsp;&nbsp;12/01/50 | 3355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3395489 |
| &nbsp;&nbsp;&nbsp;&nbsp;CenterPoint Joliet Term. Railroad, Rmkt., AMT (Mandatory put date 07/02/35), 144A | 4.800(cc) | &nbsp;&nbsp;12/01/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2041756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Univ. of Chicago, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;04/01/34 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1444305 |
| Illinois St., |  |  |  |  |
| &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;507127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000 | &nbsp;&nbsp;03/01/31 | 2345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2579052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, GO | 5.000 | &nbsp;&nbsp;12/01/39 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2567847 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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, Rfdg. | 5.000% | &nbsp;&nbsp;10/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp; $793380 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, GO | 5.000 | &nbsp;&nbsp;05/01/39 | &nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2188680 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, GO | 5.250 | &nbsp;&nbsp;05/01/45 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1052058 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, GO | 5.000 | &nbsp;&nbsp;11/01/29 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1137241 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, GO, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/36 | &nbsp;&nbsp;1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1333530 |
| Illinois St. Sales Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Oblig. Build Illiois Bonds, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/27 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3091636 |
| &nbsp;&nbsp;&nbsp;&nbsp;Jr. Oblig. Series A | 5.000 | &nbsp;&nbsp;06/15/28 | &nbsp;&nbsp;1650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734672 |
| Illinois St. Toll Hwy. Auth. Rev., |  |  |  |  |
| &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;2001644 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A | 5.250 | &nbsp;&nbsp;01/01/43 | &nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2450731 |
| Metropolitan Pier & Exposition Auth. Dedicated St. Tax Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;McCormick Place Expansion, Series A, CABS, NATL | 3.703(t) | &nbsp;&nbsp;12/15/34 | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7175473 |
| &nbsp;&nbsp;&nbsp;&nbsp;McCormick Place Expansion, Series A, CABS, NATL | 4.020(t) | &nbsp;&nbsp;06/15/37 | &nbsp;&nbsp;7500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4736745 |
| Railsplitter Tob. Settlement Auth. Rev.,<br> Tob. Set. Funded (Pre-refunded date 06/01/26)(ee) | 5.000 | &nbsp;&nbsp;06/01/28 | &nbsp;&nbsp;1175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189100 |
| 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;3589471 |
| Sales Tax Secur. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/26 | &nbsp;&nbsp;2430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2433600 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/30 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1617296 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series D | 5.000 | &nbsp;&nbsp;01/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660609 |
| State of Illinois Sales Tax. Rev.,<br> Jr. Series B(hh) | 5.000 | &nbsp;&nbsp;06/15/40 | &nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5458930 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81480244 |
| **Indiana 1.4%** | **Indiana 1.4%** | **Indiana 1.4%** | **Indiana 1.4%** | **Indiana 1.4%** |
| Indiana Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Greenwood Vlg. South Proj., TEMPS, 50SM, Series C-2 | 3.750 | &nbsp;&nbsp;05/15/32 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;979005 |
| &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;2280378 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indiana Univ. Hlth., Series B-1 (Mandatory put date 07/01/28) | 5.000(cc) | &nbsp;&nbsp;10/01/62 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4191848 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indiana Univ. Hlth., Series D-5, Rfdg. (Mandatory put date 10/01/37) | 5.000(cc) | &nbsp;&nbsp;10/01/54 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3370301 |
| &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;620166 |
| Indianapolis Local Pub. Impvt. Bond Bank Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Indianapolis Arpt. Auth. Proj., Series B-2, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/32 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3279654 |
| &nbsp;&nbsp;&nbsp;&nbsp;Indianapolis Arpt. Auth. Proj., Series I-2, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/32 | &nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1756328 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16477680 |
| **Iowa 0.1%** | **Iowa 0.1%** | **Iowa 0.1%** | **Iowa 0.1%** | **Iowa 0.1%** |
| Iowa Student Loan Liquidity Corp. Rev.,<br> Sr. Series B, AMT | 5.000 | &nbsp;&nbsp;12/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;875812 |
| Lowa Student Loan Liquidity Corp. Rev.,<br> Sr. Series B, AMT | 5.000 | &nbsp;&nbsp;12/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688691 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1564503 |
| **Kansas 0.5%** | **Kansas 0.5%** | **Kansas 0.5%** | **Kansas 0.5%** | **Kansas 0.5%** |
| Kansas Dev. Fin. Auth. Rev.,<br> Adventhealth Oblig. Grp., Series B, Rfdg. (Mandatory put date 11/15/31) | 5.000(cc) | &nbsp;&nbsp;11/15/54 | &nbsp;&nbsp;3165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3512207 |
| Wyandotte Cnty.-Kansas City Unified Govt. Util. Sys. Rev.,<br> Impvt., Series A | 5.000 | &nbsp;&nbsp;09/01/45 | &nbsp;&nbsp;2170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2171776 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5683983 |
| **Kentucky 2.5%** | **Kentucky 2.5%** | **Kentucky 2.5%** | **Kentucky 2.5%** | **Kentucky 2.5%** |
| Kentucky Pub. Energy Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. (Mandatory put date 12/01/29) | 5.250(cc) | &nbsp;&nbsp;06/01/55 | &nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6391572 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** | **Kentucky (cont'd.)** |
| Kentucky Pub. Energy Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1 (Mandatory put date 08/01/30) | 4.000 %(cc) | &nbsp;&nbsp;08/01/52 | 4925 | &nbsp;&nbsp; $5002301 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg. (Mandatory put date 02/01/32) | 5.250(cc) | &nbsp;&nbsp;04/01/54 | 5370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5817565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B | 5.000 | &nbsp;&nbsp;12/01/33 | 5695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5949493 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C (Mandatory put date 02/01/28) | 4.000(cc) | &nbsp;&nbsp;02/01/50 | &nbsp;&nbsp;&nbsp;920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;929953 |
| Kentucky Turnpike Auth. Rev.,<br> Revitalization Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/26 | 1310 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327338 |
| Owen Cnty. Wtrwks. Sys. Rev.,<br> 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;1443703 |
| Trimble Cnty. 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;2134732 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28996657 |
| **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** | **Louisiana 0.5%** |
| Louisiana Local Govt. Envirml. Facs. & Comnty. Dev. Auth. Rev.,<br> Christwood Proj., Rfdg., 144A | 4.250 | &nbsp;&nbsp;11/15/30 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846385 |
| Louisiana Pub. Facs. Auth. Rev.,<br> Franciscan Mis., Unrefunded, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/39 | 1990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1991087 |
| Parish of St. James Rev.,<br> Nustar Logistics L.P Proj., Rmkt. (Mandatory put date 06/01/30) | 3.700(cc) | &nbsp;&nbsp;08/01/41 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3495176 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6332648 |
| **Maine 0.2%** | **Maine 0.2%** | **Maine 0.2%** | **Maine 0.2%** | **Maine 0.2%** |
| Maine Hlth. & Higher Edl. Facs. Auth. Rev.,<br> Northeastern Univ. Issue, Series B | 5.000 | &nbsp;&nbsp;10/01/39 | 2285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2575735 |
| **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** |
| Maryland St. Trans. Auth. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/41 | 1045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1160882 |
| **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** | **Massachusetts 0.7%** |
| Massachusetts Dev. Fin. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Harvard Univ., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/40 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3005920 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, Rfdg. | 4.000 | &nbsp;&nbsp;02/15/36 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2208238 |
| Massachusetts Edl. Fing. Auth. Rev.,<br> Sr. Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/28 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1034648 |
| Massachusetts Sch. Bldg. Auth. Rev.,<br> Sub. Sustainable Bond, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1193655 |
| 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;329623 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7772084 |
| **Michigan 2.3%** | **Michigan 2.3%** | **Michigan 2.3%** | **Michigan 2.3%** | **Michigan 2.3%** |
| 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;1071601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/30 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2165171 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/31 | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1961933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/32 | 1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2110471 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series B-1, Class 2, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/49 | 1120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1121495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Henry Ford Hlth. Detroit Utl. Plant Proj. | 5.500 | &nbsp;&nbsp;02/28/49 | 1245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1327348 |
| Michigan St. Hosp. Fin. Auth. Rev.,<br> Corewell Hlth., Series B-2, Rfdg. (Mandatory put date 06/01/35) | 5.000(cc) | &nbsp;&nbsp;08/15/55 | 2665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3015528 |
| Michigan St. Univ. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2212225 |
| Michigan Strategic Fd. Rev.,<br> Sustainable Bond, Recycled Board Machine Proj., AMT (Mandatory put date 10/01/26) | 4.000(cc) | &nbsp;&nbsp;10/01/61 | 6150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6154356 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Michigan (cont'd.)** | **Michigan (cont'd.)** | **Michigan (cont'd.)** | **Michigan (cont'd.)** | **Michigan (cont'd.)** |
| Wayne County Airport Authority Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series B | 5.250% | &nbsp;&nbsp;12/01/36 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp; $396912 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series B | 5.250 | &nbsp;&nbsp;12/01/37 | &nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;393127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series B | 5.250 | &nbsp;&nbsp;12/01/38 | &nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402060 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series D, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/35 | &nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652322 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series D, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/36 | &nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332536 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series D, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/37 | 1090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1196179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Detroit Metropolitan Wayne Cnty. Arpt., Series G, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/34 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2511919 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27025183 |
| **Minnesota 0.5%** | **Minnesota 0.5%** | **Minnesota 0.5%** | **Minnesota 0.5%** | **Minnesota 0.5%** |
| 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;2538906 |
| Minnesota Rural Wtr. Fin. Auth., Inc. Rev.,<br> Rfdg., BANS | 3.300 | &nbsp;&nbsp;08/01/26 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299244 |
| Ramsey Rev.,<br> Pact Chrt. Sch. Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006878 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5845028 |
| **Mississippi 0.2%** | **Mississippi 0.2%** | **Mississippi 0.2%** | **Mississippi 0.2%** | **Mississippi 0.2%** |
| 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;500083 |
| Warren Cnty. Rev.,<br> Intl. Paper Co. Proj., Rmkt. Rfdg. | 4.000 | &nbsp;&nbsp;09/01/32 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1301505 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1801588 |
| **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** | **Nebraska 0.5%** |
| Central Plns. Energy. Proj. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proj. No. 4, Series A, Rfdg. (Mandatory put date 11/01/29) | 5.000(cc) | &nbsp;&nbsp;05/01/54 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3181970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series A-1 (Mandatory put date 08/01/31) | 5.000(cc) | &nbsp;&nbsp;08/01/55 | 1950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2096108 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5278078 |
| **New Hampshire 4.3%** | **New Hampshire 4.3%** | **New Hampshire 4.3%** | **New Hampshire 4.3%** | **New Hampshire 4.3%** |
| National Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Cert., Series 1-A, NFA Muni. Cert., ARC70 (Mandatory put date 10/01/34) | 4.150 | &nbsp;&nbsp;10/20/40 | 4857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4818367 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Cert., Series 2024-3, Class A | 4.163(cc) | &nbsp;&nbsp;10/01/51 | 3968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3915038 |
| New Hampshire Bus. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Caldwell Ranch Proj., 144A | 4.875 | &nbsp;&nbsp;12/01/33 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Grand Pines Proj., 144A | 5.625 | &nbsp;&nbsp;06/01/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2030374 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mult. Utility Imps., 144A | 5.875 | &nbsp;&nbsp;12/15/33 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2540089 |
| &nbsp;&nbsp;&nbsp;&nbsp;Muni. CTFS, Sustainable CTFS, Series 2025-2, Class A-1 | 4.217(cc) | &nbsp;&nbsp;11/20/42 | 3990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3905321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Muni. CTFS, Sustainable CTFS, Series 2025-3, Class A-1 | 4.795(cc) | &nbsp;&nbsp;02/20/41 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3121958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Silverado Proj., 144A | 5.000 | &nbsp;&nbsp;12/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500892 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bonds, Muni. CTFS, Series 2025-1, Class A-1 | 4.167(cc) | &nbsp;&nbsp;01/20/41 | 1988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1962363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Cert., Series 2024-4, Class A-US | 4.182(cc) | &nbsp;&nbsp;11/20/39 | 2972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2920047 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable CTFS 2025-1, Class A-1 (Mandatory put date 06/01/35) | 4.750 | &nbsp;&nbsp;06/20/41 | 2996 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3132268 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tamarron Proj., 144A | 5.250 | &nbsp;&nbsp;12/01/35 | 3700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3684968 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Highlands Proj. | 5.125 | &nbsp;&nbsp;12/15/30 | 1131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1132545 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Wildflower Proj., CABS, 144A | 5.422(t) | &nbsp;&nbsp;12/15/33 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2796263 |
| &nbsp;&nbsp;&nbsp;&nbsp;Univ. of Nevada Reno Proj., Series A, BAM | 5.250 | &nbsp;&nbsp;06/01/51 | 1820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1906252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Valencia Proj., 144A | 5.300 | &nbsp;&nbsp;12/01/32 | 1240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242419 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wste. Mgmt., Inc. Proj., Series A, Rfdg., AMT, Rmkt. (Mandatory put date 07/01/26) | 4.000(cc) | &nbsp;&nbsp;10/01/33 | 2750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2750318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wtr. Util. Imps., 144A | 5.375 | &nbsp;&nbsp;12/15/35 | 4300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4293105 |
| New Hampshire Hlth. & Edu. Facs. Auth. Act Rev.,<br> Series C, Rmkt., Rfdg. (Mandatory put date 08/03/27) | 3.300(cc) | &nbsp;&nbsp;06/01/38 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004448 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49457151 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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 3.4%** | **New Jersey 3.4%** | **New Jersey 3.4%** | **New Jersey 3.4%** | **New Jersey 3.4%** |
| New Jersey Econ. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;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; $586713 |
| &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;1153138 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series SSS, Rfdg. | 5.250 | &nbsp;&nbsp;06/15/36 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1156533 |
| New Jersey Healthcare Facs. Fing. Auth. Rev.,<br> 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;1533322 |
| New Jersey Higher Ed. Student Assistance Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bond, Series 1-B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/34 | 2660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2894588 |
| &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;550064 |
| &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;711178 |
| New Jersey Hr. Ed. Student Assistance Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bond, Series 3, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/27 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2057199 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bond, Series 3, Rfdg., AMT | 5.000 | &nbsp;&nbsp;12/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1563094 |
| New Jersey Tpke. Auth. Rev.,<br> Series C, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/45 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129642 |
| New Jersey Trans. Tr. Fd. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cap Apprec., Transn. Sys., Series A | 4.076(t) | &nbsp;&nbsp;12/15/40 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2724436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/34 | 2100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425319 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series AA, Rfdg. | 5.250 | &nbsp;&nbsp;06/15/41 | 1910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2128293 |
| &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;1372806 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Prog., Series CC | 5.000 | &nbsp;&nbsp;06/15/41 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2737156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Prog., Series CC | 5.000 | &nbsp;&nbsp;06/15/42 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1084479 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trans. Sys., Series A, Rfdg. | 5.250 | &nbsp;&nbsp;06/15/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2218475 |
| South Jersey Trans. Auth. Rev.,<br> Series A, Rfdg., BAM | 5.000 | &nbsp;&nbsp;11/01/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1096978 |
| Tob. Settlement Fing. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/26 | 2765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2791760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/27 | 1335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1375190 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/30 | 3135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3301611 |
| &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;2050193 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39642167 |
| **New Mexico 0.1%** | **New Mexico 0.1%** | **New Mexico 0.1%** | **New Mexico 0.1%** | **New Mexico 0.1%** |
| Farmington Rev.,<br> 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;1369907 |
| **New York 8.8%** | **New York 8.8%** | **New York 8.8%** | **New York 8.8%** | **New York 8.8%** |
| Build NYC Resource Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Arpt. Facs. Trips Oblig. Grp., AMT | 5.500 | &nbsp;&nbsp;07/01/42 | 1120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1205392 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Arpt. Facs. Trips Oblig. Grp., AMT | 5.500 | &nbsp;&nbsp;07/01/43 | 2435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2597572 |
| Long Island Pwr. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/37 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3713940 |
| &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;2955112 |
| Metropolitan Trans. Auth. Rev.,<br> Climate Bond Certified, Sustainable, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/35 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2912143 |
| Monroe Cnty. Ind. Dev. Corp. Rev.,<br> Eugenio Maria De Hostos Chart. Sch. Proj., Series A, 144A | 5.000 | &nbsp;&nbsp;07/01/34 | &nbsp;&nbsp;&nbsp;830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;863754 |
| New York, |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiscal 2026, Series A-1, GO | 5.000 | &nbsp;&nbsp;08/01/38 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4531065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Sub. Series C-1, GO | 5.000 | &nbsp;&nbsp;09/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1085698 |
| New York City Muni. Wtr. Fin. Auth. Rev.,<br> 2nd Gen Resolution, Sub-Series CC-1, Rfdg. | 5.250 | &nbsp;&nbsp;06/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1019481 |
| New York City Trans. Fin. Auth. Future Tax Sec'd. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Future Tax Sec., Sub. Series D-1 | 5.500 | &nbsp;&nbsp;11/01/45 | 1560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1693513 |
| &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;2058422 |
| New York City Trans. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Multi-Modal Bonds, Sub. Series B | 5.500 | &nbsp;&nbsp;05/01/47 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3817681 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series S-2, Rfdg. | 5.000 | &nbsp;&nbsp;07/15/37 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4041384 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Fiscal 2025, Series D | 5.250% | &nbsp;&nbsp;05/01/43 | 5000 | &nbsp;&nbsp; $5517145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Fiscal 2025, Series H, Sub. Series H-1, Multi Modal | 5.000 | &nbsp;&nbsp;11/01/39 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5596194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Fiscal 2026, Series A, Sub. Sries A-1 | 5.000 | &nbsp;&nbsp;05/01/41 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3313250 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Future Tax, Series A, Sub. Series A-1, Rfdg. | 5.000 | &nbsp;&nbsp;11/01/40 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4408925 |
| New York Liberty Dev. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Tower at One Bryant Park Proj., Class 3, Rfdg. | 2.800 | &nbsp;&nbsp;09/15/69 | 7000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6476335 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank of America Tower at One Bryant Park Proj., Rfdg. | 2.450 | &nbsp;&nbsp;09/15/69 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3718411 |
| New York St. Dorm. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;03/15/37 | &nbsp;&nbsp;&nbsp;450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;523052 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.250 | &nbsp;&nbsp;03/15/37 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1058808 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg. | 5.000 | &nbsp;&nbsp;03/15/36 | &nbsp;&nbsp;&nbsp;725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848767 |
| New York St. Hsg. Fin. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bonds, Series A-2 (Mandatory put date 06/15/29) | 3.350(cc) | &nbsp;&nbsp;06/15/54 | &nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;826820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Green Bonds, Series A-2 (Mandatory put date 12/15/30) | 3.450(cc) | &nbsp;&nbsp;06/15/54 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013428 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hsg. 160 W 62nd Street, Series A-2, Rmkt. (Mandatory put date 04/01/32) | 3.600(cc) | &nbsp;&nbsp;11/01/44 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3224194 |
| New York St. Urban Dev. Corp. Rev.,<br> St. Personal Income Tax Gen. Purp., Series A, Bidding Grp. 1 | 5.000 | &nbsp;&nbsp;03/15/42 | 2255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2340940 |
| New York Trans. Dev. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JFK Intl. Arpt. Proj. Term. 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;800072 |
| &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;1000125 |
| &nbsp;&nbsp;&nbsp;&nbsp;Laguardia Arpt., Term. C&D Redev. Proj., AMT | 6.000 | &nbsp;&nbsp;04/01/35 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1366338 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bond, JFK Intl. Arpt. Term. One Proj., AGM | 5.500 | &nbsp;&nbsp;06/30/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2121490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Bond, JFK Intl. Arpt. Term. One Proj., AGM | 6.000 | &nbsp;&nbsp;06/30/54 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1553550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable, JFK Intl. Arpt. New Term. One Proj., AMT | 6.000 | &nbsp;&nbsp;06/30/42 | 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3437878 |
| Port Auth. of NY & NJ Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 231ST, Rfdg., AMT | 5.500 | &nbsp;&nbsp;08/01/40 | 1290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 246, AMT, Rfdg. | 5.000 | &nbsp;&nbsp;09/01/30 | 1875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 246, Rfdg. AMT | 5.000 | &nbsp;&nbsp;09/01/28 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1571552 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 249, Rfdg., AMT | 5.000 | &nbsp;&nbsp;10/15/35 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3389649 |
| Triborough Bridge & Tunnel Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MTA Bridges & Tunnels, Series A-1 | 5.000 | &nbsp;&nbsp;11/15/36 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2923392 |
| &nbsp;&nbsp;&nbsp;&nbsp;MTA Bridges & Tunnels, Series A-2, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/36 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2923351 |
| &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;1949018 |
| TSASC, Inc. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/41 | 2405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2411411 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101266929 |
| **North Carolina 0.6%** | **North Carolina 0.6%** | **North Carolina 0.6%** | **North Carolina 0.6%** | **North Carolina 0.6%** |
| Charlotte Arpt. Rev.,<br> Series B, Rfdg. AMT | 5.000 | &nbsp;&nbsp;07/01/30 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1215979 |
| North Carolina Hsg. Fin. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1998 Trust Agreement, Series 59-A | 6.250 | &nbsp;&nbsp;01/01/57 | 3930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4464596 |
| &nbsp;&nbsp;&nbsp;&nbsp;United Methodist Retmnt. Homes Proj., Temps-50, Series B-3(hh) | 3.400 | &nbsp;&nbsp;10/01/29 | &nbsp;&nbsp;&nbsp;755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751677 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6432252 |
| **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** | **Ohio 2.8%** |
| American Muni. Pwr., Inc. Rev.,<br> Prairie St. Energy Campus Proj., Series A, Rfdg. | 5.000 | &nbsp;&nbsp;02/15/39 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2230925 |
| Buckeye Tob. Settlement Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/28 | 8415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8813634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A-2, Class 1, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/33 | 3560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3784345 |
| Columbus Metropolitan Hsg. Auth. Rev.,<br> Orchards Proj. & The Eden Park Proj. | 5.000 | &nbsp;&nbsp;12/01/34 | 4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4275976 |
| Hamilton Cnty. Swr. Sys. Rev.,<br> Met Swr. Dept. of Greater Cincinnati, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/30 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1390496 |
| 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;485435 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** | **Ohio (cont'd.)** |
| Ohio Air Quality Dev. Auth. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;American Elec. Pwr. Co. Proj., Series A, Rmkt., Rfdg. AMT | 3.750% | &nbsp;&nbsp;01/01/29 | 1500 | &nbsp;&nbsp; $1499480 |
| &nbsp;&nbsp;&nbsp;&nbsp;Duke Energy Corp. Proj., Series A, AMT, Rfdg. (Mandatory put date 06/01/27) | 4.250(cc) | &nbsp;&nbsp;11/01/39 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1523330 |
| 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;1030638 |
| Ohio St. Univ. Rev.,<br> Multiyear Debt Issuance Prog. II, Series C | 5.250 | &nbsp;&nbsp;12/01/46 | 3500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3782571 |
| Ohio Wtr. Dev. Auth. Rev.,<br> Fresh Wtr., Series A, Rfdg. | 5.250 | &nbsp;&nbsp;06/01/26 | &nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623189 |
| Ohio Wtr. Dev. Auth. Wtr. Pollution Control Loan Fd. Rev.,<br> Sustainable Bonds, Series C | 5.000 | &nbsp;&nbsp;12/01/33 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2320036 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31760055 |
| **Oklahoma 0.6%** | **Oklahoma 0.6%** | **Oklahoma 0.6%** | **Oklahoma 0.6%** | **Oklahoma 0.6%** |
| Oklahoma Tpke. Auth. Rev., |  |  |  |  |
| &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;3005304 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Bonds, Series B, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/40 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2246461 |
| Tulsa Municipal Arpt. Trust Trustees Rev.,<br> American Airlines, Inc. Proj., Rfdg., AMT | 6.250 | &nbsp;&nbsp;12/01/40 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1635869 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6887634 |
| **Pennsylvania 4.0%** | **Pennsylvania 4.0%** | **Pennsylvania 4.0%** | **Pennsylvania 4.0%** | **Pennsylvania 4.0%** |
| Chester Cnty. Indl. Dev. Auth. Rev.,<br> Avon Grove Chart. Sch. Nts. | 5.000 | &nbsp;&nbsp;03/01/27 | 2140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2157677 |
| Comnwlth. Fing. Auth. Rev.,<br> Tob. Mstr. Settlement Payment Bonds | 5.000 | &nbsp;&nbsp;06/01/34 | 1170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1221136 |
| Delaware Vlly. Regl. Fin. Auth. Rev.,<br> Series A, AMBAC | 5.500 | &nbsp;&nbsp;08/01/28 | 1280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1372332 |
| General Auth. of Southcentral Pennsylvania Rev.,<br> Wellspan Hlth. Oblig. Grp., Rfdg. | 5.000 | &nbsp;&nbsp;06/01/32 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531773 |
| 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;1158426 |
| Pennsylvania Econ. Dev. Fing. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Penndot Major Bridges Package One Proj., P3 Proj., AGM, AMT | 5.500 | &nbsp;&nbsp;06/30/42 | 3025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3280481 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wste. Mgmt., Inc. Proj., Series A, AMT, Rmkt. (Mandatory put date 08/03/26) | 3.875(cc) | &nbsp;&nbsp;08/01/37 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3004250 |
| &nbsp;&nbsp;&nbsp;&nbsp;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;1217228 |
| Pennsylvania Higher Ed. Assistance Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series 1-A, AMT | 5.000 | &nbsp;&nbsp;06/01/33 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2681772 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series 1-A, AMT | 5.000 | &nbsp;&nbsp;06/01/34 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3445110 |
| Pennsylvania St. Univ. Rev.,<br> Series A | 5.000 | &nbsp;&nbsp;09/01/41 | 2400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2424480 |
| Pennsylvania Tpke. Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Series, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/43 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2716331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A | 5.000 | &nbsp;&nbsp;12/01/49 | 3150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3222750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series 1 | 5.000 | &nbsp;&nbsp;12/01/38 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2297323 |
| &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;1425238 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sub. Series B, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/29 | 1985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003618 |
| &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;2024033 |
| Philadelphia Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Pvt. Activity, Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/35 | 2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3009823 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pvt. Activity, Series B, Rfdg., AMT | 5.000 | &nbsp;&nbsp;07/01/36 | 1335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1474834 |
| 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;1076885 |
| Philadelphia Gas Wks. Co. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;16th Series A, AGM | 5.000 | &nbsp;&nbsp;08/01/28 | &nbsp;&nbsp;&nbsp;625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660382 |
| &nbsp;&nbsp;&nbsp;&nbsp;16th Series A, AGM | 5.000 | &nbsp;&nbsp;08/01/29 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1076995 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45482877 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Puerto Rico 0.7%** | **Puerto Rico 0.7%** | **Puerto Rico 0.7%** | **Puerto Rico 0.7%** | **Puerto Rico 0.7%** |
| Puerto Rico Ind. Tourist Edl. Med. & Envirml. Ctl. Facs. Fing. Auth. Rev.,<br> San Juan Cruise Term. Proj., Series 2023, Class A-1, AMT | 6.750% | &nbsp;&nbsp;01/01/45 | 1000 | &nbsp;&nbsp; $1142905 |
| 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;848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured, Series A-1, CABS | 3.708(t) | &nbsp;&nbsp;07/01/33 | 1962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1484488 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, CABS | 3.458(t) | &nbsp;&nbsp;07/01/27 | 5014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4747689 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8223365 |
| **Rhode Island 0.9%** | **Rhode Island 0.9%** | **Rhode Island 0.9%** | **Rhode Island 0.9%** | **Rhode Island 0.9%** |
| Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,<br> Clg. & Univ. Rev. | 5.250 | &nbsp;&nbsp;08/15/43 | 3965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4154919 |
| Rhode Island Student Loan Auth. Rev.,<br> Sr. Series A, AMT | 5.000 | &nbsp;&nbsp;12/01/32 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2165515 |
| Tob. Settlement Fing. Corp. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;06/01/40 | 4350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4352763 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10673197 |
| **South Carolina 1.4%** | **South Carolina 1.4%** | **South Carolina 1.4%** | **South Carolina 1.4%** | **South Carolina 1.4%** |
| Patriots Energy Grp. Fing. Agcy. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1 (Mandatory put date 08/01/31) | 5.250(cc) | &nbsp;&nbsp;10/01/54 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2709592 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, Rfdg. (Mandatory put date 03/01/31) | 5.250(cc) | &nbsp;&nbsp;02/01/54 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2439000 |
| South Carolina Jobs-Econ. Dev. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Foothill Affordable Hsg. Fndn., Paddock Club & Fairway Proj. (Mandatory put date 03/01/35) | 4.000(cc) | &nbsp;&nbsp;03/01/62 | 3200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3233440 |
| &nbsp;&nbsp;&nbsp;&nbsp;Novant Hlth. Oblig. Grp., Series A | 5.000 | &nbsp;&nbsp;11/01/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1139056 |
| &nbsp;&nbsp;&nbsp;&nbsp;Novant Hlth. Oblig. Grp., Series A | 5.250 | &nbsp;&nbsp;11/01/41 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1103001 |
| South Carolina Pub. Svc. Auth. Rev.,<br> Series A, Rfdg. | 5.000 | &nbsp;&nbsp;12/01/32 | 4595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5056808 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15680897 |
| **South Dakota 0.6%** | **South Dakota 0.6%** | **South Dakota 0.6%** | **South Dakota 0.6%** | **South Dakota 0.6%** |
| South Dakota Hlth & Edl. Facs. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sanford, Series C-2, Rfdg. (Mandatory put date 11/01/32) | 5.000(cc) | &nbsp;&nbsp;11/01/51 | 1865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2072160 |
| &nbsp;&nbsp;&nbsp;&nbsp;Westhills Vlg. Retmnt. Cmnty. Issue, Series B-1 | 3.625 | &nbsp;&nbsp;09/01/33 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5003421 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7075581 |
| **Tennessee 1.0%** | **Tennessee 1.0%** | **Tennessee 1.0%** | **Tennessee 1.0%** | **Tennessee 1.0%** |
| Knox Cnty. Hlth. Edl. & Hsg. Facs. Brd. Rev.,<br> Univ. of Tennessee Proj., Series B-1, BAM | 5.250 | &nbsp;&nbsp;07/01/64 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1030776 |
| Metropolitan Nashville Arpt. Auth. Rev.,<br> Sub. Series B, AMT | 5.000 | &nbsp;&nbsp;07/01/27 | 1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1848445 |
| Tennergy Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gas Sply. Series A (Mandatory put date 12/01/30) | 5.500(cc) | &nbsp;&nbsp;10/01/53 | &nbsp;&nbsp;&nbsp;770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827617 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A (Mandatory put date 09/01/28) | 4.000(cc) | &nbsp;&nbsp;12/01/51 | 5930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6012189 |
| Tennessee Energy Acq. Corp. Gas Rev.,<br> Series A | 5.250 | &nbsp;&nbsp;09/01/26 | 1475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1493415 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11212442 |
| **Texas 9.7%** | **Texas 9.7%** | **Texas 9.7%** | **Texas 9.7%** | **Texas 9.7%** |
| Arlington Higher Edu. Fin. Corp. Rev.,<br> Trinity Basin Preparatory, Inc., PSFG | 5.000 | &nbsp;&nbsp;08/15/48 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1033274 |
| Arlington Hsg. Fin. Corp. Rev.,<br> 6900 Matlok Road (Mandatory put date 04/01/27) | 4.500(cc) | &nbsp;&nbsp;04/01/41 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2503769 |
| Bexar Cnty. Hsg. Fin. Corp. Rev.,<br> Pavilion at Culebra Apts. (Mandatory put date 03/01/26) | 4.050(cc) | &nbsp;&nbsp;03/01/28 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2501376 |
| Brazos Higher Ed. Auth., Inc. Rev.,<br> Sr. Series 1-A, AMT | 5.000 | &nbsp;&nbsp;04/01/34 | 2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2687990 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | &nbsp;&nbsp;**Principal<br> Amount<br> (000)** | &nbsp;&nbsp;**Value** |
| **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** | **Municipal Bonds (Continued)** |
| **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** | **Texas (cont'd.)** |
| Central Texas Regl. Mobility Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C | 5.000% | &nbsp;&nbsp;01/01/27 | &nbsp;&nbsp;&nbsp;800 | &nbsp;&nbsp; $801571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series D, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/29 | 1085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1158041 |
| Central Texas Turnpike Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Tier, Series B, Rfdg. (Mandatory put date 08/15/30) | 5.000(cc) | &nbsp;&nbsp;08/15/42 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2173772 |
| &nbsp;&nbsp;&nbsp;&nbsp;2nd Tier, Series C, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2164801 |
| City of Houston Arpt. Sys. Rev.,<br> United Airlines, Inc. Term. Impvt. Proj., Series B, Rfdg., AMT(hh) | 5.250 | &nbsp;&nbsp;07/15/28 | 3075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3180692 |
| Clifton Higher Ed. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch., PSFG, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/35 | 1250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1415475 |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch., PSFG, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/37 | 1920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2139855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Idea Pub. Sch., Rfdg., PSFG | 5.000 | &nbsp;&nbsp;08/15/38 | 1200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307760 |
| &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;1083208 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intl. Leadership of Texas, Inc., Series A, Rfdg., PSFG | 5.000 | &nbsp;&nbsp;08/15/39 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1083612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intl. Leadership of Texas, Inc., Series B, PSFG (Mandatory put date 02/15/30) | 4.000(cc) | &nbsp;&nbsp;02/15/55 | 1815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1899523 |
| Dallas Fort Worth Int'l. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;11/01/34 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750386 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rfdg. | 5.000 | &nbsp;&nbsp;11/01/36 | 1125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1287741 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg., AMT | 5.250 | &nbsp;&nbsp;11/01/37 | 2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2522270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, Rfdg., AMT | 5.250 | &nbsp;&nbsp;11/01/45 | 2790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955331 |
| 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;1017060 |
| EP Essential Hsg. WF PFC Rev.,<br> Home Essential Fun. Hsg. Prog. Tuscany Mesa Hills Proj. | 4.250 | &nbsp;&nbsp;12/01/34 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1015586 |
| EP Tuscany Zaragosa PFC Rev.,<br> Home Essential Function Hsg. Prog. Tuscany Mesa Hills Proj. | 4.000 | &nbsp;&nbsp;12/01/33 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1509678 |
| Galveston Wharves & Term. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Lien, Series A, AMT | 5.500 | &nbsp;&nbsp;08/01/40 | 1150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1237078 |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Lien, Series A, AMT | 5.500 | &nbsp;&nbsp;08/01/42 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425584 |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Lien, Series A, AMT | 5.500 | &nbsp;&nbsp;08/01/43 | &nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423658 |
| &nbsp;&nbsp;&nbsp;&nbsp;Wharves & Term., 1st Lien, AMT | 6.000 | &nbsp;&nbsp;08/01/43 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2179848 |
| Harris Cnty. Cultrl. Ed. Facs. Fin. Corp. Rev.,<br> Memorial Hermann Hlth. Sys., Series C-3, Rfdg. (Mandatory put date 12/01/26) | 5.000(cc) | &nbsp;&nbsp;06/01/32 | 2785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2837560 |
| Harris Cnty. Toll Road Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/40 | 1225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1356495 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/35 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2267406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Lien, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;08/15/43 | 5040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5183100 |
| Houston Arpt. Sys. Rev.,<br> United Airlines, Inc. Term. Impvt. Proj., Series B, AMT | 5.500 | &nbsp;&nbsp;07/15/38 | 2300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2461696 |
| Houston Combined Util. Sys. Rev.,<br> Comb. 1st Lien, Series D, Rfdg. | 5.000 | &nbsp;&nbsp;11/15/34 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3003316 |
| Lower Colorado River Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;LCRA Transmission Svcs. Corp. Proj., Series A, Rfdg., BAM | 5.000 | &nbsp;&nbsp;05/15/37 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5611991 |
| &nbsp;&nbsp;&nbsp;&nbsp;LCRA Transmn. Svcs. Corp. Proj., Series A, Rfdg. | 6.000 | &nbsp;&nbsp;05/15/52 | 1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1642702 |
| North Texas Higher. Ed. Auth., Inc. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, AMT | 5.000 | &nbsp;&nbsp;06/01/30 | &nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525878 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, AMT | 5.000 | &nbsp;&nbsp;06/01/32 | 1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1172198 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sr. Series A, AMT | 5.000 | &nbsp;&nbsp;06/01/33 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1070133 |
| North Texas Twy. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1st Tier, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/28 | 1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1181947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cap. Apprec., Sys., 1st Tier, Series D, Rfdg., AGM | 3.740(t) | &nbsp;&nbsp;01/01/38 | 8000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5110821 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;01/01/30 | 1765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1768352 |
| Permanent Univ. Fd. Univ. of Texas Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/39 | 4500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5338514 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, Rfdg. | 5.000 | &nbsp;&nbsp;07/01/40 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3339395 |
| San Antonio Elec. & Gas Sys. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, Rfdg. | 5.500 | &nbsp;&nbsp;02/01/49 | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1084708 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, Rfdg. | 5.000 | &nbsp;&nbsp;02/01/41 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2191159 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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.)** |
| Tarrant Cnty. Cultrl. Ed. Facs. Fin. Corp. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ascension Sr. Credit Grp., Series C-2, Rfdg. (Mandatory put date 11/15/35)(hh) | 5.000 %(cc) | &nbsp;&nbsp;11/15/51 | &nbsp;&nbsp;4250 | &nbsp;&nbsp; $4832143 |
| &nbsp;&nbsp;&nbsp;&nbsp;TX Hlth. Resources Sys., Series C (Mandatory put date 11/15/32) | 5.000(cc) | &nbsp;&nbsp;11/15/64 | &nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1662464 |
| Texas Dept. of Hsg. & Cmnty. Affairs Rev.,<br> Sustainable Bonds, Series A | 5.500 | &nbsp;&nbsp;09/01/52 | &nbsp;&nbsp;4535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4797138 |
| Texas Priv. Activity Bond Surface Trans. Corp. Rev.,<br> Bond Surface Trans. Corp., Sr. Lien, Rfdg. AMT | 5.500 | &nbsp;&nbsp;06/30/40 | &nbsp;&nbsp;1900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2013206 |
| Texas Trans. Commn. St. Hwy. Fd. Rev.,<br> Rfdg. | 5.000 | &nbsp;&nbsp;10/01/33 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3498476 |
| Texas Trans. Fin. Corp. Rev.,<br> Sub. Bond, SH 288 Sys. TELA Supported, Series A, Rfdg. | 5.000 | &nbsp;&nbsp;10/01/41 | &nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4458313 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111868050 |
| **Utah 2.4%** | **Utah 2.4%** | **Utah 2.4%** | **Utah 2.4%** | **Utah 2.4%** |
| Intermountain Pwr. Agcy. Rev.,<br> Series A | 5.250 | &nbsp;&nbsp;07/01/45 | &nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2624091 |
| Ogden City Sch. Dist., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 1.375 | &nbsp;&nbsp;06/15/32 | &nbsp;&nbsp;2010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1711489 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 1.500 | &nbsp;&nbsp;06/15/33 | &nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1190710 |
| &nbsp;&nbsp;&nbsp;&nbsp;GO | 1.625 | &nbsp;&nbsp;06/15/34 | &nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1819667 |
| Salt Lake City Corp. Arpt. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Intl. Arpt., Series A, AMT | 5.000 | &nbsp;&nbsp;07/01/36 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2253670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.250 | &nbsp;&nbsp;07/01/41 | &nbsp;&nbsp;3250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3522336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.250 | &nbsp;&nbsp;07/01/48 | &nbsp;&nbsp;3850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3885697 |
| Utah Cnty. Rev.,<br> IHC Hlth. Svcs., Inc., Series A | 5.000 | &nbsp;&nbsp;05/15/43 | &nbsp;&nbsp;2545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2654921 |
| Utah Telecommunication Open Infrast. Agcy. Rev.,<br> Rfdg. | 5.500 | &nbsp;&nbsp;06/01/40 | &nbsp;&nbsp;4885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5505070 |
| Utah Trans. Auth. Rev.,<br> Sr. Lien, Rfdg. | 5.000 | &nbsp;&nbsp;06/15/40 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2247865 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27415516 |
| **Virginia 0.5%** | **Virginia 0.5%** | **Virginia 0.5%** | **Virginia 0.5%** | **Virginia 0.5%** |
| Alexandria Redev. & Hsg. Auth. Rev.,<br> 431 S Columbus Street Block 4 Proj. (Mandatory put date 12/01/25) | 3.400(cc) | &nbsp;&nbsp;12/01/54 | &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750000 |
| Fairfax Cnty. Ind. Dev. Auth. Rev.,<br> Healthcare Inova Hlth. Sys., Series B-2, Rmkt., Rfdg. (Mandatory put date 05/15/30) | 5.000(cc) | &nbsp;&nbsp;05/15/57 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1182673 |
| Louisa Indl. Dev. Auth. Rev.,<br> VA Elec. & Pwr. Co. Proj., Series B, Rmkt. (Mandatory put date 10/01/30) | 3.125(cc) | &nbsp;&nbsp;11/01/35 | &nbsp;&nbsp;1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001952 |
| Virginia Small Bus. Fing. Auth. Rev.,<br> Sr. Lien Elizabeth River Crossing Opco, LLC Proj. Rfdg. | 4.000 | &nbsp;&nbsp;01/01/30 | &nbsp;&nbsp;1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1786388 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5721013 |
| **Washington 2.7%** | **Washington 2.7%** | **Washington 2.7%** | **Washington 2.7%** | **Washington 2.7%** |
| Port of Seattle Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;05/01/26 | &nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1814877 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, AMT | 5.000 | &nbsp;&nbsp;05/01/43 | &nbsp;&nbsp;1675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1685999 |
| Washington Healthcare Facs. Auth. Rev.,<br> Overlake Hosp. Med. Ctr., Rfdg. | 5.000 | &nbsp;&nbsp;07/01/38 | &nbsp;&nbsp;2690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2690995 |
| Washington St., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020A, GO | 5.000 | &nbsp;&nbsp;08/01/42 | &nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3155377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series R-2024C, GO, Rfdg. | 5.000 | &nbsp;&nbsp;08/01/40 | &nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Var. Purp., Series A, GO | 5.000 | &nbsp;&nbsp;08/01/42 | &nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2062817 |
| Washington St. Hsg. Fin. Commn. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Horizon Hse. Proj. Mand. Paydown Temps-50, Series B-3, Rfdg.(hh) | 4.375 | &nbsp;&nbsp;01/01/33 | &nbsp;&nbsp;1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1613235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal Cert., Series 2025-1, Class A-1, Sustainable Bonds | 4.079(cc) | &nbsp;&nbsp;08/20/63 | &nbsp;&nbsp;3991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Cert., Series 2023-1, Class X | 1.495(cc) | &nbsp;&nbsp;04/20/37 | 32159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3130168 |

---

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (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)** |
| **Washington (cont'd.)** | **Washington (cont'd.)** | **Washington (cont'd.)** | **Washington (cont'd.)** | **Washington (cont'd.)** |
| Washington St. Hsg. Fin. Commn. Rev., (cont'd.) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sustainable Cert., Series 2024-1, Class A | 4.221 %(cc) | &nbsp;&nbsp;03/01/50 | 4964 | &nbsp;&nbsp; $4912576 |
| Washington St. Univ. Rev.,<br> Rfdg. | 5.000 | &nbsp;&nbsp;04/01/38 | 3565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4062127 |
| Whatcom Cnty. Pub. Util. Dist. No. 1,<br> Series A, GO, AMT, BAM | 5.000 | &nbsp;&nbsp;12/01/34 | &nbsp;&nbsp;&nbsp;850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;947754 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31049770 |
| **West Virginia 0.3%** | **West Virginia 0.3%** | **West Virginia 0.3%** | **West Virginia 0.3%** | **West Virginia 0.3%** |
| West Virginia Econ. Dev. Auth. Rev.,<br> Commercial Metals Co. Proj., AMT (Mandatory put date 05/15/32) | 4.625(cc) | &nbsp;&nbsp;04/15/55 | 2000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022327 |
| West Virginia Parkways Auth. Rev.,<br> Sr. Turnpike Toll Rev. | 5.000 | &nbsp;&nbsp;06/01/39 | 1750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1823404 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3845731 |
| **Wisconsin 2.2%** | **Wisconsin 2.2%** | **Wisconsin 2.2%** | **Wisconsin 2.2%** | **Wisconsin 2.2%** |
| Pub. Fin. Auth. Rev., |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Astro Texas Land Proj., Rfdg., 144A | 5.000 | &nbsp;&nbsp;12/15/36 | 1698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1672176 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A, Series 1 | 4.100 | &nbsp;&nbsp;09/25/39 | 2935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2918278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cuyahoga River Cap. Port., Class A, Series 1 (Mandatory put date 07/01/28), 144A | 4.000 | &nbsp;&nbsp;01/01/55 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5167332 |
| &nbsp;&nbsp;&nbsp;&nbsp;Million Air Three LLC Gen. Avtn. Facs. Proj., Series A, Rfdg. AMT, 144A | 5.500 | &nbsp;&nbsp;09/01/30 | &nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;370030 |
| &nbsp;&nbsp;&nbsp;&nbsp;Million Air Three LLC Gen. Avtn. Facs. Proj., Series A, Rfdg. AMT, 144A | 5.750 | &nbsp;&nbsp;09/01/35 | &nbsp;&nbsp;&nbsp;715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mountain Island Chrt. Sch., Ltd., Rfdg. | 4.000 | &nbsp;&nbsp;07/01/27 | &nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nolina & Sorella Proj., RANS, 144A | 5.500 | &nbsp;&nbsp;12/15/32 | 2308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2305460 |
| &nbsp;&nbsp;&nbsp;&nbsp;Providence St. Joseph Hlth. Series 2021C, Rfdg. (Mandatory put date 10/01/30) | 4.000(cc) | &nbsp;&nbsp;10/01/41 | &nbsp;&nbsp;&nbsp;910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940461 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2025-1, Class A, Cert. (Mandatory put date 08/01/27), 144A | 4.750(cc) | &nbsp;&nbsp;08/01/59 | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5011159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Signorelli Proj., 144A | 5.375 | &nbsp;&nbsp;12/15/32 | 4088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4060119 |
| Wisconsin Hlth. & Edl. Facs. Auth. Rev.,<br> Forensic Science & Protective Med. Collaboration, Inc. Proj., 144A | 5.000 | &nbsp;&nbsp;08/01/27 | 1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1413222 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24865159 |
| **Total Municipal Bonds<br> (cost $1,084,770,408)** | **Total Municipal Bonds<br> (cost $1,084,770,408)** | **Total Municipal Bonds<br> (cost $1,084,770,408)** | **Total Municipal Bonds<br> (cost $1,084,770,408)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098880936 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**Shares** |  |
| **Unaffiliated Exchange-Traded Funds 1.8%** | **Unaffiliated Exchange-Traded Funds 1.8%** | **Unaffiliated Exchange-Traded Funds 1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;iShares National Muni Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9286249 |
| &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Tax-Exempt Bond Index ETF | &nbsp;&nbsp;&nbsp;&nbsp;237500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11998500 |
| **Total Unaffiliated Exchange-Traded Funds<br> (cost $20,480,395)** | **Total Unaffiliated Exchange-Traded Funds<br> (cost $20,480,395)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21284749 |
| **Total Long-Term Investments<br> (cost $1,105,250,803)** | **Total Long-Term Investments<br> (cost $1,105,250,803)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1120165685 |
| **Short-Term Investment 2.6%** | **Short-Term Investment 2.6%** | **Short-Term Investment 2.6%** |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Government Money Market Fund (7-day effective yield 4.111%)<br> (cost $30,204,222)(wb) | &nbsp;&nbsp;30204222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30204222 |
| **TOTAL INVESTMENTS 100.0%<br> (cost $1,135,455,025)** | **TOTAL INVESTMENTS 100.0%<br> (cost $1,135,455,025)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1150369907 |
| Liabilities in excess of other assets(z) (0.0)% | Liabilities in excess of other assets(z) (0.0)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(479597) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;$1149890310 |

---

PGIM National Muni Fund

------

#### PGIM National Muni Fund

#### Schedule of Investments as of November 30, 2025 (unaudited) (continued)

------

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

---

| |
|:---|
| 144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. |
| AGM—Assured Guaranty Municipal Corp. |
| 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 |
| ETF—Exchange-Traded Fund |
| ETM—Escrowed to Maturity |
| GO—General Obligation |
| NATL—National Public Finance Guarantee Corp. |
| PFC—Public Facility Corporation |
| PSFG—Permanent School Fund Guarantee |
| RANS—Revenue Anticipation Notes |
| Rfdg—Refunding |
| TCRs—Transferrable Custodial Receipts |

---

(cc) Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2025. 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, 2025.

(wb) Represents an investment in a Fund affiliated with the Manager.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** | **Futures contracts outstanding at November 30, 2025:** |
| **Number<br> of<br> Contracts** | **Type** | **Expiration<br> Date** | **Current<br> Notional<br> Amount** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** | **Short Positions:** |
| 29 | 20 Year U.S. Treasury Bonds | Mar. 2026 | $3405688 | $(27986) |
| 324 | 30 Year U.S. Ultra Treasury Bonds | Mar. 2026 | &nbsp;&nbsp;&nbsp;39183750 | &nbsp;&nbsp;&nbsp;(356370) |
|  |  |  |  | $(384356) |

---

*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:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-28

**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:** $1167287507.98

**Total Liabilities:** $19649313.26

**Net Assets:** $1147638194.72

**Delayed Delivery Securities:** $15835917.75

**Cash Not Reported:** $1926000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2292.10166000 | **1-Year:** 40977.62421000 | **5-Year:** 234165.85252000 | **10-Year:** 333953.27149000 | **30-Year:** 6892.10758000

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

- **3-Month:** 115.23983000 | **1-Year:** 1510.91511000 | **5-Year:** 9492.48949000 | **10-Year:** 2879.19521000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012413 | 1.60%                | 1.01%                | 0.29%                |
| Class ID C000012414 | 1.58%                | 1.06%                | 0.19%                |
| Class ID C000012416 | 1.51%                | 0.98%                | 0.12%                |
| Class ID C000195885 | 1.61%                | 1.09%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1090.70                | $15110773.66                               |
| Month 2  | $-99543.80               | $8580340.45                                |
| Month 3  | $212394.45               | $-435652.17                                |

**Designated Index Information**

- **Index Name:** PGIM National Muni Fund_Ex Derivatives BM

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                             | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | ULTRA U.S. TREASURY BOND                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -324 | NC      | $-356370.24   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2218475.34   | 0.19%             | 2041-06-15      | Fixed         | 5.25%                 | 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      | $2538906.49   | 0.22%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080ZB0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563093.68   | 0.14%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE                        | City of Charlotte NC Airport Revenue                                             | CUSIP: 161036VV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1215978.81   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083207.93   | 0.09%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    920000 | PA      | $929952.58    | 0.08%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM                   | Connecticut State Higher Education Supplement Loan Authority                     | CUSIP: 207743YF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2878181.57   | 0.25%             | 2032-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL FAC REV                   | Public Finance Authority                                                         | CUSIP: 74446DAL2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    715000 | PA      | $746831.66    | 0.07%             | 2035-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182TD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1145379.79   | 0.10%             | 2035-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA                   | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568JL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179848.18   | 0.19%             | 2043-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH                   | West Virginia Parkways Authority                                                 | CUSIP: 956510AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1823404.22   | 0.16%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                   | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1662463.65   | 0.14%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3817680.70   | 0.33%             | 2047-05-01      | Fixed         | 5.50%                 | 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      | $2034231.87   | 0.18%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1307759.58   | 0.11%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                   | Texas Department of Housing & Community Affairs                                  | CUSIP: 88275FUT4<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4797138.51   | 0.42%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SOL WS                   | Florida Development Finance Corp                                                 | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027600.86   | 0.26%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                        | State of Alaska                                                                  | CUSIP: 0117706L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1174842.91   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&                   | Salt River Project Agricultural Improvement & Power District                     | CUSIP: 79574CGN7<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2757024.57   | 0.24%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224S91<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3222750.26   | 0.28%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                   | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837032BM2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139055.71   | 0.10%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIVER AZ PROJ AGRIC IMPT&                   | Salt River Project Agricultural Improvement & Power District                     | CUSIP: 79574CFL2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2029577.59   | 0.18%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                   | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VFX2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3279653.55   | 0.29%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                        | Oklahoma Turnpike Authority                                                      | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2246461.03   | 0.20%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM                   | Connecticut State Higher Education Supplement Loan Authority                     | CUSIP: 207743YG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1799285.73   | 0.16%             | 2033-11-15      | Fixed         | 5.25%                 | 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        |   1085000 | PA      | $1158040.82   | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY                   | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590PS3<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    815000 | PA      | $875811.68    | 0.08%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI                   | Energy Southeast A Cooperative District                                          | CUSIP: 292723CU5<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5933675.12   | 0.52%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225LH7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2716331.48   | 0.24%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                   | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576MQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2253669.89   | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3135000 | PA      | $3301610.50   | 0.29%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                    | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3784344.75   | 0.33%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                   | Rhode Island Student Loan Authority                                              | CUSIP: 762323DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2165514.37   | 0.19%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224MJ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1425238.42   | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2719677.93   | 0.24%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                      | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2696916.58   | 0.23%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                    | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1617295.76   | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                   | Dallas Fort Worth International Airport                                          | CUSIP: 23503CDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1287740.56   | 0.11%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HARBOR DEPT                       | Port of Los Angeles                                                              | CUSIP: 544552C59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142234.34   | 0.10%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                    | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1621857.49   | 0.14%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO                   | Development Authority of Burke County/The                                        | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1708343.97   | 0.15%             | 2032-10-01      | Variable      | 3.70%                 | 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        |    460000 | PA      | $443911.20    | 0.04%             | 2034-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY                   | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590PT1<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    635000 | PA      | $688690.91    | 0.06%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA                   | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423657.62    | 0.04%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2139854.59   | 0.19%             | 2037-08-15      | 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      | $1166653.00   | 0.10%             | 2041-01-01      | 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        |   5014000 | PA      | $4747689.40   | 0.41%             | 2027-07-01      | None          | 0.00%                 | 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      | $997256.16    | 0.09%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080ZA2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057198.64   | 0.18%             | 2027-12-01      | Fixed         | 5.00%                 | 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        |   2155000 | PA      | $2273525.82   | 0.20%             | 2045-11-15      | Fixed         | 5.25%                 | 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      | $1533321.88   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                       | City of Chicago IL                                                               | CUSIP: 167486G45<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4167018.13   | 0.36%             | 2030-01-01      | 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      | $660381.84    | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL HSG AUTH REVEN                   | Jacksonville Housing Authority                                                   | CUSIP: 46940XAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3418241.70   | 0.30%             | 2034-02-01      | 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      | $1642702.33   | 0.14%             | 2052-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REVEN                   | County of Hamilton OH Sewer System Revenue                                       | CUSIP: 407288H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1390495.68   | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE                   | Village Community Development District No 13                                     | CUSIP: 92708HAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2403900.77   | 0.21%             | 2039-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU                   | Alaska Industrial Development & Export Authority                                 | CUSIP: 011903FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2419817.70   | 0.21%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FLA INDL DEV                   | Hillsborough County Industrial Development Authority                             | CUSIP: 43233KAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2187862.73   | 0.19%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA                   | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568KD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $425584.23    | 0.04%             | 2042-08-01      | Fixed         | 5.50%                 | 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      | $1000125.35   | 0.09%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN                   | County of Harris TX Toll Road Revenue                                            | CUSIP: 41423PAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5183100.44   | 0.45%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1962000 | PA      | $1484488.04   | 0.13%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                   | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4535848.43   | 0.40%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602RNT8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2923350.53   | 0.25%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1137240.90   | 0.10%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $2796262.89   | 0.24%             | 2033-12-15      | None          | 0.00%                 | 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      | $417885.56    | 0.04%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                   | Greater Orlando Aviation Authority                                               | CUSIP: 392274X43<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5014088.06   | 0.44%             | 2047-10-01      | Fixed         | 5.00%                 | 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      | $1372806.03   | 0.12%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                     | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817YR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1474834.20   | 0.13%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO                   | Northern Tobacco Securitization Corp                                             | CUSIP: 66585VBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1265715.21   | 0.11%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1175509.50   | 0.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE                   | New Jersey Economic Development Authority                                        | CUSIP: 64577XEY8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156533.28   | 0.10%             | 2036-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227UY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1734672.15   | 0.15%             | 2028-06-15      | 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      | $1786387.62   | 0.16%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                          | CUSIP: 544532CQ5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5840000 | PA      | $5888573.69   | 0.51%             | 2026-07-01      | Fixed         | 4.00%                 | 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        |    305000 | PA      | $307960.88    | 0.03%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                    | Central Texas Turnpike System                                                    | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2173772.13   | 0.19%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1375189.64   | 0.12%             | 2027-06-01      | 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      | $3196027.00   | 0.28%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA                   | City of Galveston TX Wharves & Terminal Revenue                                  | CUSIP: 364568KB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1237077.90   | 0.11%             | 2040-08-01      | Fixed         | 5.50%                 | 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      | $5044638.82   | 0.44%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                   | Public Finance Authority                                                         | CUSIP: 74442EBZ2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260090.04    | 0.02%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                     | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817YQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3009823.52   | 0.26%             | 2035-07-01      | 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      | $2690994.96   | 0.23%             | 2038-07-01      | 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      | $1390805.88   | 0.12%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH                   | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011008.22   | 0.09%             | 2029-11-15      | Fixed         | 4.75%                 | 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      | $2001644.29   | 0.17%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                   | Dallas Fort Worth International Airport                                          | CUSIP: 23503CFY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2522269.71   | 0.22%             | 2037-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DEKALB CNTY GA HSG AUTH MF HSG                   | DeKalb County Housing Authority                                                  | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000974.43   | 0.35%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP                   | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190NS7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1848444.90   | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                    | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5616816.67   | 0.49%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL ARPT REVENUE                         | County of Lee FL Airport Revenue                                                 | CUSIP: 523470HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071641.01   | 0.09%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                   | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2791759.57   | 0.24%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE                          | JEA Electric System Revenue                                                      | CUSIP: 46613SSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2878424.07   | 0.25%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                   | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VBD0<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1756327.76   | 0.15%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                    | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2433600.17   | 0.21%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                             | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6900000 | PA      | $7005771.54   | 0.61%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                   | Build NYC Resource Corp                                                          | CUSIP: 12008QAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2597571.81   | 0.23%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST #1 CO SPL RE                   | Baseline Metropolitan District No 1                                              | CUSIP: 069826AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4263360.05   | 0.37%             | 2054-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182QU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2039751.15   | 0.18%             | 2042-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2128292.90   | 0.19%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                         | CUSIP: 74442PD93<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2308022 | PA      | $2305460.13   | 0.20%             | 2032-12-15      | Fixed         | 5.50%                 | 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      | $424949.68    | 0.04%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                          | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HASR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  28981048 | PA      | $3062966.39   | 0.27%             | 2037-09-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                         | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553549.88   | 0.14%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH                       | Columbia County Hospital Authority/GA                                            | CUSIP: 197479AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1263141.75   | 0.11%             | 2048-04-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                         | CUSIP: 74442PR64<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5167332.46   | 0.45%             | 2055-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY                   | Patriots Energy Group Financing Agency                                           | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2709591.87   | 0.24%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.      | US LONG BOND(CBT)                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -29 | NC      | $-27985.38    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC FIN AUTH WI TAX EXEMPT                    | Public Finance Authority                                                         | CUSIP: 74448SAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5011159.13   | 0.44%             | 2059-08-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800115.97    | 0.07%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                             | CUSIP: 19648FJS4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2364638.39   | 0.21%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MF AFFORDAB                   | Public Finance Authority                                                         | CUSIP: 74448FAC5<br>LEI: 5493004S6D3NA627K012 | Long             | ABS-MBS          | MUN               | US        |   2935000 | PA      | $2918277.90   | 0.25%             | 2039-09-25      | Fixed         | 4.10%                 | 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        |   2895000 | PA      | $2918645.56   | 0.25%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   2971714 | PA      | $2920047.41   | 0.25%             | 2039-11-20      | Variable      | 4.18%                 | 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        |    265000 | PA      | $267214.10    | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602RMW2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2923392.11   | 0.25%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH                   | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005453.64   | 0.09%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA                   | South Jersey Transportation Authority                                            | CUSIP: 838536NP1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096977.92   | 0.10%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH                        | Oklahoma Turnpike Authority                                                      | CUSIP: 679111WS9<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005303.42   | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN FIN CORP SH                   | Texas Transportation Finance Corp                                                | CUSIP: 88283PAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4458312.68   | 0.39%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA INDL DEV AUTH                    | Fairfax County Industrial Development Authority                                  | CUSIP: 303823MY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1182673.47   | 0.10%             | 2057-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3684968.47   | 0.32%             | 2035-12-01      | Fixed         | 5.25%                 | 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      | $4154919.00   | 0.36%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE & HALL CNTY GA HOS                   | Gainesville & Hall County Hospital Authority                                     | CUSIP: 362762RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2303625.18   | 0.20%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                   | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4321389.16   | 0.38%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL                           | Regional Transportation Authority                                                | CUSIP: 7599112E9<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3589471.26   | 0.31%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE                          | JEA Electric System Revenue                                                      | CUSIP: 46613SSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131820.83   | 0.10%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                          | CUSIP: 73358XFN7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1435601.25   | 0.13%             | 2040-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH                        | Arizona Health Facilities Authority                                              | CUSIP: 040507HN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2241727.21   | 0.20%             | 2037-01-01      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                   | Dallas Fort Worth International Airport                                          | CUSIP: 23503CDW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1750386.31   | 0.15%             | 2034-11-01      | 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      | $2280377.99   | 0.20%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                                 | District of Columbia                                                             | CUSIP: 25476FXR4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3174325.79   | 0.28%             | 2038-10-15      | 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      | $586713.12    | 0.05%             | 2029-11-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| BRAZOS TX HGR EDU AUTH STUDENT                   | Brazos Higher Education Authority Inc                                            | CUSIP: 10623ADA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2687989.62   | 0.23%             | 2034-04-01      | 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      | $2276086.99   | 0.20%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                   | Washington State Housing Finance Commission                                      | CUSIP: 93978UDT0<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   3990708 | PA      | $3750120.91   | 0.33%             | 2063-08-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY ST PER                   | New York State Housing Finance Agency                                            | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013428.34   | 0.18%             | 2054-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX HSG FIN CORP                       | Bexar County Housing Finance Corp                                                | CUSIP: 088379ZF2<br>LEI: 549300PNUZ5DCWVF3E76 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501376.15   | 0.22%             | 2028-03-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                   | California Community Choice Financing Authority                                  | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2128784.79   | 0.19%             | 2054-01-01      | Variable      | 5.25%                 | 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        |   3850000 | PA      | $3885696.92   | 0.34%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4293104.75   | 0.37%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Vanguard Tax-Exempt Bond Index ETF               | Vanguard Tax-Exempt Bond Index ETF                                               | CUSIP: 922907746<br>LEI: N/A                  | Long             | EC               | RF                | US        |    237500 | NS      | $11998500.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DEKALB CNTY GA HSG AUTH MF HSG                   | DeKalb County Housing Authority                                                  | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995827.33   | 0.17%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA                   | Michigan Finance Authority                                                       | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1327347.79   | 0.12%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE                   | County of Miami-Dade FL Aviation Revenue                                         | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2793825.15   | 0.24%             | 2034-10-01      | 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      | $1217227.84   | 0.11%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| EP TUSCANY ZARAGOSA PFC TX                       | EP Tuscany Zaragosa PFC                                                          | CUSIP: 29414WAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509677.70   | 0.13%             | 2033-12-01      | Fixed         | 4.00%                 | 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      | $7175473.02   | 0.63%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                   | Indiana Finance Authority                                                        | CUSIP: 45470YFL0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4191848.14   | 0.37%             | 2062-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN                   | County of Harris TX Toll Road Revenue                                            | CUSIP: 41423PDB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2267406.01   | 0.20%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                      | City of New York NY                                                              | CUSIP: 64966SPD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4531065.37   | 0.39%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS                                 | State of Colorado                                                                | CUSIP: 196711UX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4705798.03   | 0.41%             | 2039-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                 | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   4925000 | PA      | $5002301.07   | 0.44%             | 2052-08-01      | Variable      | 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        |   3205000 | PA      | $3378157.83   | 0.29%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE                   | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KHV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090020.90   | 0.09%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY ST PER                   | New York State Housing Finance Agency                                            | CUSIP: 649870NG3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    820000 | PA      | $826819.65    | 0.07%             | 2054-06-15      | Variable      | 3.35%                 | 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      | $2058422.39   | 0.18%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1131000 | PA      | $1132544.91   | 0.10%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD                   | New York State Housing Finance Agency                                            | CUSIP: 64987JZ38<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3224194.34   | 0.28%             | 2044-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452152U25<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2567847.44   | 0.22%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                   | Massachusetts Development Finance Agency                                         | CUSIP: 57584XYD7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3005920.03   | 0.26%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH HOSP RE                   | Kansas Development Finance Authority                                             | CUSIP: 48542AFE6<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3512206.82   | 0.31%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514X86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $332536.42    | 0.03%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                          | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1344127.73   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                   | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    850000 | PA      | $846384.75    | 0.07%             | 2030-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   3967906 | PA      | $3915038.10   | 0.34%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| RAMSEY MN CHRT SCH LEASE REVEN                   | City of Ramsey MN                                                                | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006877.59   | 0.17%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1242419.32   | 0.11%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                       | Port of Seattle WA                                                               | CUSIP: 735389E20<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1685999.34   | 0.15%             | 2043-05-01      | 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        |   1180000 | PA      | $1181947.01   | 0.10%             | 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        |   2785000 | PA      | $2837559.78   | 0.25%             | 2032-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                                | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3718410.95   | 0.32%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                   | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080YV7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2894588.45   | 0.25%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI                   | Permanent University Fund - University of Texas System                           | CUSIP: 915130AC2<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3339394.91   | 0.29%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                   | Territory of Guam                                                                | CUSIP: 40065NDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2240537.26   | 0.20%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STHRN UTE INDIAN TRIBE OF STHR                   | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado            | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5461152.65   | 0.48%             | 2035-04-01      | 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        |   1280000 | PA      | $1372332.32   | 0.12%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC                   | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2681772.23   | 0.23%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY                   | Patriots Energy Group Financing Agency                                           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2439000.21   | 0.21%             | 2054-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514X78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $652322.04    | 0.06%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN                   | County of Harris TX Toll Road Revenue                                            | CUSIP: 41423PDT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1356494.88   | 0.12%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                   | Washington State Housing Finance Commission                                      | CUSIP: 939783Z82<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1613234.93   | 0.14%             | 2033-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA TOBACCO SETTL                   | District of Columbia Tobacco Settlement Financing Corp                           | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8230618.90   | 0.72%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR                   | Southern California Public Power Authority                                       | CUSIP: 842475R80<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2537071.80   | 0.22%             | 2040-07-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI                   | Florida Higher Educational Facilities Financing Authority                        | CUSIP: 34073TGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1427786.10   | 0.12%             | 2028-04-01      | Fixed         | 5.00%                 | 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      | $4736745.07   | 0.41%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                   | Illinois Finance Authority                                                       | CUSIP: 45203PAB0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3395488.73   | 0.30%             | 2050-12-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED PASS TH                   | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2471302 | PA      | $2562551.49   | 0.22%             | 2040-10-25      | Variable      | 4.69%                 | 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      | $2134732.48   | 0.19%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT                   | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | CUSIP: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142904.59   | 0.10%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT                   | County of Warren MS                                                              | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1301504.99   | 0.11%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OGDEN CITY UT SCH DIST                           | Ogden City School District                                                       | CUSIP: 676295GA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1190709.85   | 0.10%             | 2033-06-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                   | Long Island Power Authority                                                      | CUSIP: 542691KS8<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3713940.43   | 0.32%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S                   | Salt Verde Financial Corp                                                        | CUSIP: 79575EAM0<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2221967.89   | 0.19%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MU                   | California Municipal Finance Authority                                           | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | ABS-MBS          | MUN               | US        |   2218220 | PA      | $1972745.21   | 0.17%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV                   | City of Farmington NM                                                            | CUSIP: 311450GA2<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1369906.88   | 0.12%             | 2029-04-01      | Fixed         | 1.80%                 | 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      | $2454521.18   | 0.21%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC                   | Pennsylvania Higher Education Assistance Agency                                  | CUSIP: 70878CBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3445109.62   | 0.30%             | 2034-06-01      | Fixed         | 5.00%                 | 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      | $1477238.17   | 0.13%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                         | CUSIP: 74442PL60<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    910000 | PA      | $940460.48    | 0.08%             | 2041-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500891.49   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY                    | North Carolina Housing Finance Agency                                            | CUSIP: 65821FLA2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   3930000 | PA      | $4464595.98   | 0.39%             | 2057-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                    | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8415000 | PA      | $8813634.56   | 0.77%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                          | CUSIP: 73358XRJ3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3389648.90   | 0.30%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                   | New York Liberty Development Corp                                                | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6476335.14   | 0.56%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU                   | General Authority of Southcentral Pennsylvania                                   | CUSIP: 84129NNN5<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2531773.40   | 0.22%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                    | State of Washington                                                              | CUSIP: 93974E2F2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1223724.15   | 0.11%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                   | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3233440.19   | 0.28%             | 2062-03-01      | Variable      | 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      | $2708774.76   | 0.24%             | 2043-07-01      | Fixed         | 5.25%                 | 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      | $3008100.13   | 0.26%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                             | Stamford Housing Authority                                                       | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2413122.62   | 0.21%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                      | City of New York NY                                                              | CUSIP: 64966SHA7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085698.39   | 0.09%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU                   | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72177MRA7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    790000 | PA      | $792675.66    | 0.07%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HOSP FIN AUTH                        | Michigan State Hospital Finance Authority                                        | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $3015527.65   | 0.26%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                   | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3809599.61   | 0.33%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                   | Central Plains Energy Project                                                    | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3181969.99   | 0.28%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JJX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4408925.17   | 0.38%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE                   | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KHS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2058577.85   | 0.18%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                     | Ohio Air Quality Development Authority                                           | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499479.64   | 0.13%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                       | City of Chicago IL                                                               | CUSIP: 167486V97<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072412.19   | 0.09%             | 2043-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH                    | American Municipal Power Inc                                                     | CUSIP: 02765USA3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2230925.45   | 0.19%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST                   | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1635869.18   | 0.14%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOUISA VA INDL DEV AUTH POLL C                   | Louisa Industrial Development Authority                                          | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001951.90   | 0.09%             | 2035-11-01      | Variable      | 3.12%                 | 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        |   5540000 | PA      | $5705826.36   | 0.50%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                   | Washington State Housing Finance Commission                                      | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   4964358 | PA      | $4912575.70   | 0.43%             | 2050-03-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5817564.87   | 0.51%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452153AK5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2579051.47   | 0.22%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA                   | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XJZ9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004447.56   | 0.09%             | 2038-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| MAINE ST HLTH & HGR EDUCTNL FA                   | Maine Health & Higher Educational Facilities Authority                           | CUSIP: 56042SEC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2575734.66   | 0.22%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                   | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2054235.05   | 0.18%             | 2029-10-01      | 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      | $1017059.57   | 0.09%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                         | CUSIP: 650116GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121489.87   | 0.18%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                   | West Virginia Economic Development Authority                                     | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022326.81   | 0.18%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                      | City of Houston TX Airport System Revenue                                        | CUSIP: 442349JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3180691.63   | 0.28%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225RE8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2297322.69   | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR                   | City & County Honolulu HI Wastewater System Revenue                              | CUSIP: 4387014N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2904623.22   | 0.25%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L                   | Central Florida Expressway Authority                                             | CUSIP: 153476CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2564965.25   | 0.22%             | 2038-07-01      | 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        |   2685000 | PA      | $2896357.92   | 0.25%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MF                   | FHLMC Multifamily VRD Certificates                                               | CUSIP: 31350ADQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230340 | PA      | $3303199.60   | 0.29%             | 2041-08-25      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224WR6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024032.75   | 0.18%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI                   | Permanent University Fund - University of Texas System                           | CUSIP: 915130CC0<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5338513.98   | 0.47%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                   | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576LY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3522336.03   | 0.31%             | 2041-07-01      | Fixed         | 5.25%                 | 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      | $1004730.45   | 0.09%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH                    | Chester County Industrial Development Authority                                  | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2157676.81   | 0.19%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R                   | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1512599.52   | 0.13%             | 2037-10-01      | 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        |   1170000 | PA      | $1221135.73   | 0.11%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                             | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HJU7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109352.65   | 0.10%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                   | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1413222.41   | 0.12%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                          | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MX46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100905.53   | 0.10%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                   | Illinois Finance Authority                                                       | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041756.44   | 0.18%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| OGDEN CITY UT SCH DIST                           | Ogden City School District                                                       | CUSIP: 676295FZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1711489.27   | 0.15%             | 2032-06-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR                   | City & County Honolulu HI Wastewater System Revenue                              | CUSIP: 4387014P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3908906.63   | 0.34%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                   | North Carolina Medical Care Commission                                           | CUSIP: 65820YVJ2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    755000 | PA      | $751677.52    | 0.07%             | 2029-10-01      | Fixed         | 3.40%                 | 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      | $500083.01    | 0.04%             | 2028-09-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                       | Massachusetts Port Authority                                                     | CUSIP: 575896SZ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    320000 | PA      | $329622.71    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1899523.12   | 0.17%             | 2055-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                     | Tennergy Corp/TN                                                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5930000 | PA      | $6012188.99   | 0.52%             | 2051-12-01      | Variable      | 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      | $485434.95    | 0.04%             | 2038-12-01      | Variable      | 2.40%                 | 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      | $1528063.73   | 0.13%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING                    | Massachusetts Educational Financing Authority                                    | CUSIP: 57563RTY5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034647.52   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | 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      | $1076994.63   | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE                     | Ohio Water Development Authority                                                 | CUSIP: 677659WU4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    615000 | PA      | $623189.55    | 0.05%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CEL8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2425319.11   | 0.21%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                   | Build NYC Resource Corp                                                          | CUSIP: 12008QAB5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1205391.63   | 0.11%             | 2042-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052058.26   | 0.09%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                    | Parish of St James LA                                                            | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3495175.86   | 0.30%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                      | City of Houston TX Airport System Revenue                                        | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2461696.11   | 0.21%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                             | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HJW3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062607.80   | 0.09%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                          | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HFP74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3948567 | PA      | $3980273.75   | 0.35%             | 2041-05-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                   | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224PC7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2003618.01   | 0.17%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHATCOM CNTY WA PUBLIC UTIL DI                   | Whatcom County Public Utility District No 1                                      | CUSIP: 962468FL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $947754.02    | 0.08%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                             | CUSIP: 19648FMB7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3062785.17   | 0.27%             | 2040-01-01      | Fixed         | 4.00%                 | 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      | $2453735.64   | 0.21%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972LBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4041383.82   | 0.35%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE                   | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GLN1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2191158.60   | 0.19%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA VA REDEV & HSG AUTH                   | Alexandria Redevelopment & Housing Authority                                     | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750000.00   | 0.15%             | 2054-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3121958.31   | 0.27%             | 2041-02-20      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC                    | City of Atlanta GA Airport Passenger Facility Charge                             | CUSIP: 04780TEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4283785.40   | 0.37%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                   | Washington State Housing Finance Commission                                      | CUSIP: 93978T4N6<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |  32158509 | PA      | $3130167.81   | 0.27%             | 2037-04-20      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S                   | Intermountain Power Agency                                                       | CUSIP: 45884AG31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2624090.77   | 0.23%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                    | Central Texas Turnpike System                                                    | CUSIP: 88283KCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2164800.57   | 0.19%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                        | North Texas Tollway Authority                                                    | CUSIP: 66285WSJ6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1768352.47   | 0.15%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1693513.11   | 0.15%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                          | CUSIP: 73358XNH1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571552.35   | 0.14%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                       | City of Chicago IL                                                               | CUSIP: 167486P78<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025639.04   | 0.09%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182VD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103356.63   | 0.10%             | 2042-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                   | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5482004.17   | 0.48%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO                   | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2641671.75   | 0.23%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $402059.84    | 0.04%             | 2038-12-01      | Fixed         | 5.25%                 | 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      | $5198644.26   | 0.45%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   9670000 | PA      | $10434370.59  | 0.91%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EP ESSENTIAL HOUSING WF PFC TX                   | EP Essential Housing WF PFC                                                      | CUSIP: 29416AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015585.86   | 0.09%             | 2034-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SOL WST D                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608RAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2750318.07   | 0.24%             | 2033-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TN HLTH EDUCTNL & HS                   | Knox County Health Educational & Housing Facility Board                          | CUSIP: 499526BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030776.21   | 0.09%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH LEASE REVENU                   | New Hampshire Business Finance Authority                                         | CUSIP: 63610FBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1906251.85   | 0.17%             | 2051-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MF HS                   | Arizona Industrial Development Authority                                         | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3034773.79   | 0.26%             | 2058-02-01      | Variable      | 5.00%                 | 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      | $2171775.77   | 0.19%             | 2045-09-01      | 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      | $1071601.18   | 0.09%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                        | North Texas Tollway Authority                                                    | CUSIP: 66285WCD6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $5110821.53   | 0.45%             | 2038-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                   | Empire State Development Corp                                                    | CUSIP: 6500358B7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2340940.39   | 0.20%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227SB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3091636.05   | 0.27%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514T73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $393127.13    | 0.03%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452153GM5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1333530.05   | 0.12%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                         | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800072.02    | 0.07%             | 2025-12-01      | 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      | $1427484.99   | 0.12%             | 2026-01-01      | 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      | $1084466.70   | 0.09%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                   | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HAK9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2080521.57   | 0.18%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC                   | Miami-Dade County Educational Facilities Authority                               | CUSIP: 59333APP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3878576.14   | 0.34%             | 2041-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                   | California Community Choice Financing Authority                                  | CUSIP: 13013JHH2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2734579.66   | 0.24%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                       | Port of Seattle WA                                                               | CUSIP: 735389C55<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1814877.55   | 0.16%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                     | Illinois Finance Authority                                                       | CUSIP: 45204FWF8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1444304.66   | 0.13%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L                   | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1172198.24   | 0.10%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO                   | Arizona Industrial Development Authority                                         | CUSIP: 04052FEL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066659.32   | 0.27%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                          | Freddie Mac Multifamily ML Certificates                                          | CUSIP: 3137HDJL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2885748 | PA      | $2954834.84   | 0.26%             | 2042-04-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                   | Port Authority of New York & New Jersey                                          | CUSIP: 73358XNJ7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2022075.61   | 0.18%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH AFFORDABL                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   2996277 | PA      | $3132449.36   | 0.27%             | 2041-06-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                         | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1366338.06   | 0.12%             | 2035-04-01      | Fixed         | 6.00%                 | 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      | $4352763.22   | 0.38%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                   | Chicago O'Hare International Airport                                             | CUSIP: 1675934P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1745809.29   | 0.15%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH MET HSG AUTH GEN R                   | Columbus Metropolitan Housing Authority                                          | CUSIP: 19951AAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4275975.65   | 0.37%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                   | Los Angeles Department of Water & Power                                          | CUSIP: 544532PZ1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4210000 | PA      | $4704483.57   | 0.41%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514T65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $396911.97    | 0.03%             | 2036-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                             | CUSIP: 19648FYG3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1306690.03   | 0.11%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                    | Arlington Higher Education Finance Corp                                          | CUSIP: 041807FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033273.93   | 0.09%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L                   | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070132.68   | 0.09%             | 2033-06-01      | 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        |   2010000 | PA      | $1992663.38   | 0.17%             | 2032-11-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS CO UTILITIES                    | City of Colorado Springs CO Utilities System Revenue                             | CUSIP: 196632Q97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3222888.48   | 0.28%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6391571.96   | 0.56%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                    | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004249.65   | 0.26%             | 2037-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER IL TOBACCO SETTLE                   | Railsplitter Tobacco Settlement Authority                                        | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1189099.52   | 0.10%             | 2028-06-01      | 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        |    365000 | PA      | $369554.62    | 0.03%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                       | CUSIP: 59447TL92<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1121494.68   | 0.10%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                          | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MX79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077081.68   | 0.09%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CGC6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2737156.49   | 0.24%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST UNIV                                     | Ohio State University/The                                                        | CUSIP: 677632Q95<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3782570.95   | 0.33%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   3989912 | PA      | $3905321.41   | 0.34%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CGD4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084479.37   | 0.09%             | 2042-06-15      | 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      | $1991087.22   | 0.17%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE FL WTR & SWR R                   | City of Fort Lauderdale FL Water & Sewer Revenue                                 | CUSIP: 347658ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2696082.12   | 0.23%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145SS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083612.37   | 0.09%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                       | CUSIP: 59447TK69<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2110470.63   | 0.18%             | 2032-06-01      | 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      | $2999966.58   | 0.26%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REVENUE                          | City of Atlanta GA Department of Aviation                                        | CUSIP: 04780MX61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167504.73   | 0.19%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                   | Chicago O'Hare International Airport                                             | CUSIP: 1675935Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1641307.41   | 0.14%             | 2041-01-01      | Fixed         | 5.25%                 | 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      | $3074463.50   | 0.27%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                   | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7815000 | PA      | $7861928.04   | 0.69%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| iShares National Muni Bond ETF                   | iShares National Muni Bond ETF                                                   | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |     86440 | NS      | $9286249.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY                   | San Francisco City & County Airport Comm-San Francisco International Airport     | CUSIP: 79766DWV7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2700337.22   | 0.24%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL REVENUE                   | Public Finance Authority                                                         | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4088000 | PA      | $4060118.94   | 0.35%             | 2032-12-15      | Fixed         | 5.38%                 | 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      | $1978200.23   | 0.17%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MF                   | FHLMC Multifamily VRD Certificates                                               | CUSIP: 31350ADY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2498314 | PA      | $2618658.87   | 0.23%             | 2042-06-25      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                    | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136XQ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2724436.19   | 0.24%             | 2040-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE                   | Chicago Board of Education Dedicated Capital Improvement Tax                     | CUSIP: 167510AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951351.78    | 0.08%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                    | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GKL7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019480.51   | 0.09%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UTAH ST TELECOMMUNICATION OPEN                   | Utah Telecommunication Open Infrastructure Agency                                | CUSIP: 91756SAQ6<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |   4885000 | PA      | $5505070.23   | 0.48%             | 2040-06-01      | Fixed         | 5.50%                 | 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      | $1008947.83   | 0.09%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                     | Michigan Finance Authority                                                       | CUSIP: 59447TK51<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1961932.71   | 0.17%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                   | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016560.75   | 0.26%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                   | New York State Dormitory Authority                                               | CUSIP: 64990FJE5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058807.91   | 0.09%             | 2037-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH AFFORDABL                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4856877 | PA      | $4818367.30   | 0.42%             | 2040-10-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UT HOSP REVENUE                        | County of Utah UT                                                                | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2654921.66   | 0.23%             | 2043-05-15      | 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      | $2315750.47   | 0.20%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST UNIV REVENUES                        | Michigan State University                                                        | CUSIP: 594712YD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2212225.49   | 0.19%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                      | Indiana Finance Authority                                                        | CUSIP: 45506EPE7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979005.28    | 0.09%             | 2032-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                   | California Community Choice Financing Authority                                  | CUSIP: 13013JHD1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3990536.79   | 0.35%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                    | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227WG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5458929.83   | 0.48%             | 2040-06-15      | 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        |   2000000 | PA      | $2165171.36   | 0.19%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                   | Tennessee Energy Acquisition Corp                                                | CUSIP: 880443BS4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1493414.43   | 0.13%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452153JW0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2188679.98   | 0.19%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWALK CT HSG AUTH MF HSG REV                   | Norwalk Housing Authority                                                        | CUSIP: 668865AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993964.08   | 0.17%             | 2058-09-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                   | Central Plains Energy Project                                                    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2096107.92   | 0.18%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $793379.69    | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE                   | Village Community Development District No 13                                     | CUSIP: 92708HAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1517753.20   | 0.13%             | 2031-05-01      | Fixed         | 2.55%                 | 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      | $2050192.57   | 0.18%             | 2037-06-01      | Fixed         | 5.00%                 | 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      | $1063888.09   | 0.09%             | 2029-05-15      | 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      | $324576.60    | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX                   | Utah Transit Authority                                                           | CUSIP: 917567HP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2247864.84   | 0.20%             | 2040-06-15      | 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      | $2631468.20   | 0.23%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                   | New York State Dormitory Authority                                               | CUSIP: 64990KHQ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    725000 | PA      | $848767.07    | 0.07%             | 2036-03-15      | Fixed         | 5.00%                 | 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      | $518367.15    | 0.05%             | 2027-11-01      | 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      | $1158425.90   | 0.10%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  30268691 | NS      | $30268691.10  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE                   | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GLA9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084708.48   | 0.09%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2540088.65   | 0.22%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST TURNPIKE AUTH ECON                   | Kentucky Turnpike Authority                                                      | CUSIP: 491552W27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1327338.17   | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                   | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1415474.89   | 0.12%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA                   | New York State Dormitory Authority                                               | CUSIP: 64990AXN0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $523051.87    | 0.05%             | 2037-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                   | Massachusetts Development Finance Agency                                         | CUSIP: 57585BAM0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2208238.07   | 0.19%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L                   | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525878.03    | 0.05%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                   | South Carolina Public Service Authority                                          | CUSIP: 837151WU9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   4595000 | PA      | $5056808.16   | 0.44%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                   | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2013206.35   | 0.18%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                   | Chicago O'Hare International Airport                                             | CUSIP: 1675935V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3402789.48   | 0.30%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU                   | New Jersey Turnpike Authority                                                    | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129641.57   | 0.19%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OGDEN CITY UT SCH DIST                           | Ogden City School District                                                       | CUSIP: 676295GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1819666.98   | 0.16%             | 2034-06-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 944514X94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1196179.45   | 0.10%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                    | State of Washington                                                              | CUSIP: 93974D4H8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062816.93   | 0.18%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                          | State of Ohio                                                                    | CUSIP: 677523AX0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030638.50   | 0.09%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JNJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5517144.78   | 0.48%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T                   | Lower Colorado River Authority                                                   | CUSIP: 54811BT50<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5611990.74   | 0.49%             | 2037-05-15      | 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      | $1275373.34   | 0.11%             | 2049-07-01      | 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      | $1076884.56   | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                   | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837032BU4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103000.49   | 0.10%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                       | Public Finance Authority                                                         | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1698070 | PA      | $1672176.13   | 0.15%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST UNIV REVENUES                      | Washington State University                                                      | CUSIP: 940094FT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3565000 | PA      | $4062127.00   | 0.35%             | 2038-04-01      | 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      | $550064.08    | 0.05%             | 2025-12-01      | 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      | $1380726.94   | 0.12%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC NY                                     | TSASC Inc/NY                                                                     | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2411410.67   | 0.21%             | 2041-06-01      | 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        |    295000 | PA      | $298058.23    | 0.03%             | 2028-05-01      | Fixed         | 4.00%                 | 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      | $1649467.39   | 0.14%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                      | State of Illinois                                                                | CUSIP: 452152M57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507127.34    | 0.04%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                   | Dallas Fort Worth International Airport                                          | CUSIP: 23503CGG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2955331.43   | 0.26%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV CORP R                   | Monroe County Industrial Development Corp/NY                                     | CUSIP: 61075TXT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $863753.83    | 0.08%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL                   | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755VW83<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $2072159.68   | 0.18%             | 2051-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH                    | Illinois State Toll Highway Authority                                            | CUSIP: 452252QB8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2450730.86   | 0.21%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                   | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4866543.73   | 0.42%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                   | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107914.12   | 0.10%             | 2041-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                   | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5695000 | PA      | $5949492.71   | 0.52%             | 2033-12-01      | 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      | $1153138.07   | 0.10%             | 2039-10-01      | Variable      | 2.20%                 | 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      | $711178.47    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                     | Ohio Air Quality Development Authority                                           | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523329.81   | 0.13%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL                    | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WM74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2320035.71   | 0.20%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                    | State of Washington                                                              | CUSIP: 93974EAV8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3155376.89   | 0.27%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                   | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030374.30   | 0.18%             | 2039-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                   | Greater Orlando Aviation Authority                                               | CUSIP: 3922742C9<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1901570.08   | 0.17%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE                   | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424355X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003316.50   | 0.26%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH & EDUCTNL                   | South Dakota Health & Educational Facilities Authority                           | CUSIP: 83755VY99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003421.40   | 0.44%             | 2033-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                    | Metropolitan Transportation Authority                                            | CUSIP: 59261A6A0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2912143.33   | 0.25%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                    | Black Belt Energy Gas District                                                   | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5159320.45   | 0.45%             | 2056-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                    | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HAE7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1949017.94   | 0.17%             | 2045-05-15      | Variable      | 2.00%                 | 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      | $1443703.08   | 0.13%             | 2039-06-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JWC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3313249.74   | 0.29%             | 2041-05-01      | 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      | $1222680.46   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                   | Indiana Finance Authority                                                        | CUSIP: 45470YGH8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3370301.28   | 0.29%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST UNIV                             | Pennsylvania State University/The                                                | CUSIP: 709235XF7<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2424480.47   | 0.21%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE                     | Tennergy Corp/TN                                                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    770000 | PA      | $827617.29    | 0.07%             | 2053-10-01      | Variable      | 5.50%                 | 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        |   2395000 | PA      | $2236574.46   | 0.19%             | 2030-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TRANSPRTN AUTH TRA                   | Maryland State Transportation Authority                                          | CUSIP: 574300PS2<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1160882.41   | 0.10%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT                   | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002639.01   | 0.17%             | 2044-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HSG FIN CORP MF H                   | Arlington Housing Finance Corp                                                   | CUSIP: 041818AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503768.92   | 0.22%             | 2041-04-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                   | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJX2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4832142.54   | 0.42%             | 2051-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH RESOU                   | Arkansas Development Finance Authority                                           | CUSIP: 04084EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4398113.98   | 0.38%             | 2065-10-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD                   | Michigan Strategic Fund                                                          | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6154355.66   | 0.54%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                   | New Hampshire Business Finance Authority                                         | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   1988467 | PA      | $1962362.62   | 0.17%             | 2041-01-20      | Variable      | 4.17%                 | 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      | $2295383.09   | 0.20%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                   | Colorado Health Facilities Authority                                             | CUSIP: 19648FXF6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3277100.37   | 0.29%             | 2036-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS TRANSPRTN COMMISSION ST                    | Texas Department of Transportation State Highway Fund                            | CUSIP: 88283LLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3498476.49   | 0.30%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                   | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    848000 | PA      | $848283.05    | 0.07%             | 2034-07-01      | Fixed         | 4.50%                 | 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        |   2375000 | PA      | $2459819.75   | 0.21%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                   | Wayne County Airport Authority                                                   | CUSIP: 9445142Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2511918.70   | 0.22%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                       | City of Chicago IL                                                               | CUSIP: 167486WY1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000854.42   | 0.09%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                   | New York Transportation Development Corp                                         | CUSIP: 650116JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3437877.82   | 0.30%             | 2042-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                    | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JSX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5596194.08   | 0.49%             | 2039-11-01      | 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      | $620166.49    | 0.05%             | 2038-12-01      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL FAC REV                   | Public Finance Authority                                                         | CUSIP: 74446DAK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    355000 | PA      | $370030.05    | 0.03%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST RURAL WTR FIN AUT                   | Minnesota Rural Water Finance Authority Inc                                      | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1299244.33   | 0.11%             | 2026-08-01      | Fixed         | 3.30%                 | 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      | $801571.53    | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                   | Long Island Power Authority                                                      | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2955112.38   | 0.26%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                   | State of Connecticut                                                             | CUSIP: 20772KF46<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1774509.32   | 0.15%             | 2035-08-15      | 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      | $558264.78    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH                   | Massachusetts School Building Authority                                          | CUSIP: 576000G72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1193655.24   | 0.10%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                    | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3280480.86   | 0.29%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                    | Sales Tax Securitization Corp                                                    | CUSIP: 79467BHA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $660608.55    | 0.06%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

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

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer