PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Long-Term Investments 99.8% | |||||
Municipal Bonds | |||||
Alabama 4.4% | |||||
Black Belt Energy Gas District, | |||||
Revenue, Project No. 4, Series A-1, (Mandatory Put Date 12/01/25) | 4.000 % | 12/01/49 | 3,575 | $3,625,306 | |
Revenue, Project No. 5, Series A-1, (Mandatory Put Date 10/01/26) | 4.000 | 10/01/49 | 1,285 | 1,303,226 | |
Revenue, Project No. 6, Series B, (Mandatory Put Date 12/01/26) | 4.000 | 10/01/52 | 2,650 | 2,685,950 | |
Revenue, Project No. 8, Series A, (Mandatory Put Date 12/01/29) | 4.000 | 12/01/52 | 1,820 | 1,838,010 | |
Revenue, Project No.7, Series C-1, (Mandatory Put Date 12/01/26) | 4.000 | 10/01/52 | 2,250 | 2,282,151 | |
Revenue, Series D1, Rfdg, (Mandatory Put Date 06/01/27)(hh) | 4.000 | 07/01/52 | 500 | 516,618 | |
Selma Industrial Development Board, Revenue, International Paper Co. Project, Series A, Rfdg, (Mandatory Put Date 06/16/25) | 1.375 | 05/01/34 | 400 | 381,701 | |
12,632,962 | |||||
Alaska 1.1% | |||||
Alaska Industrial Development & Export Authority, Revenue, Tanana Chiefs Conference Project, Series A | 5.000 | 10/01/29 | 1,000 | 1,104,159 | |
City of Valdez, Revenue, Exxonmobil Project, Rfdg, FRDD | 0.630(cc) | 12/01/29 | 590 | 590,000 | |
Northern Tobacco Securitization Corp., Revenue, Senior Series A, Class 1, Rfdg | 5.000 | 06/01/28 | 1,350 | 1,435,275 | |
3,129,434 | |||||
Arizona 3.6% | |||||
Arizona Health Facilities Authority, | |||||
Revenue, Banner Health, Series B, (Mandatory Put Date 11/04/26) | 1.160 | 01/01/46 | 2,000 | 1,981,090 | |
Revenue, Banner Health, Series B, 3 Month LIBOR + 0.810% | 1.458(c) | 01/01/37 | 2,500 | 2,491,912 | |
Arizona Industrial Development Authority, Revenue, Phoenix Children’s Hospital Project, Series A | 5.000 | 02/01/27 | 325 | 357,532 | |
Chandler Industrial Development Authority, | |||||
Revenue, Intel Corp. Project, (Mandatory Put Date 08/14/23) | 2.400 | 12/01/35 | 1,340 | 1,341,865 |
1
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Arizona (cont’d.) | |||||
Chandler Industrial Development Authority, (cont’d.) | |||||
Revenue, Intel Corp., AMT, (Mandatory Put Date 06/03/24) | 5.000 % | 06/01/49 | 1,190 | $1,245,134 | |
City of Phoenix Civic Improvement Corp., Revenue, Senior Lien, AMT, Rfdg | 5.000 | 07/01/32 | 500 | 512,403 | |
Industrial Development Authority of the City of Phoenix, Revenue, Great Hearts Academies Project | 3.750 | 07/01/24 | 300 | 300,991 | |
Maricopa County Industrial Development Authority, Revenue, Reid Traditional Schools Project | 4.000 | 07/01/26 | 500 | 502,853 | |
Maricopa County Special Health Care District, Series D, GO | 5.000 | 07/01/28 | 350 | 395,322 | |
Salt Verde Finance Corp., Revenue, National Gas Utility, Senior Lien | 5.250 | 12/01/26 | 1,275 | 1,366,265 | |
10,495,367 | |||||
California 4.5% | |||||
Bay Area Toll Authority, Revenue, San Francisco Bay Area, Series C, Rfdg, (Mandatory Put Date 04/01/26) | 1.360 | 04/01/56 | 650 | 632,786 | |
California Community Choice Financing Authority, Revenue, Green Bond Project, Series B-2, (Mandatory Put Date 08/01/31) | 1.360 | 02/01/52 | 1,000 | 948,927 | |
California Health Facilities Financing Authority, Revenue, Stanford Health Care, Series A, Rfdg, (Mandatory Put Date 08/15/25) | 3.000 | 08/15/54 | 1,000 | 1,015,394 | |
California Infrastructure & Economic Development Bank, | |||||
Revenue, J.Paul Getty Trust, Series B-1, Rfdg, (Mandatory Put Date 01/01/24) | 0.390 | 10/01/47 | 1,000 | 977,537 | |
Revenue, Sustainability Bond Academy of Sciences, Series B, Rfdg, (Mandatory Put Date 08/01/24) | 1.260 | 08/01/47 | 2,500 | 2,506,619 | |
California Municipal Finance Authority, Revenue, American Heritage Foundation, Series A, Rfdg | 4.000 | 06/01/26 | 260 | 260,862 | |
California Pollution Control Financing Authority, | |||||
Revenue, Green Bond Project, AMT, 144A | 7.000 | 07/01/22(d) | 250 | 150,000 | |
Revenue, Waste Management, Inc. Project, Series A, (Mandatory Put Date 05/01/24) | 2.500 | 11/01/38 | 1,000 | 996,214 | |
California School Finance Authority, | |||||
Revenue, Alliance College Ready Public Schools, Series A, Rfdg, 144A | 4.000 | 07/01/24 | 270 | 276,633 |
2
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
California (cont’d.) | |||||
California School Finance Authority, (cont’d.) | |||||
Revenue, Green Dot Public School Project, Series A, 144A | 4.000 % | 08/01/25 | 330 | $334,981 | |
Revenue, KIPP Project, Series A, 144A | 3.625 | 07/01/25 | 325 | 330,174 | |
California State Public Works Board, Revenue, Series C, Rfdg(hh) | 5.000 | 08/01/27 | 1,000 | 1,107,516 | |
City of Roseville, Westpark Community Facility District No.1, Special Tax, Rfdg | 5.000 | 09/01/22 | 225 | 226,279 | |
Golden State Tobacco Securitization Corp., | |||||
Revenue, Series A-1, Rfdg (Escrowed to Maturity Date 06/01/25)(ee) | 5.000 | 06/01/25 | 440 | 475,206 | |
Revenue, Series A-1, Rfdg (Escrowed to Maturity Date 06/01/27)(ee) | 5.000 | 06/01/27 | 1,100 | 1,242,406 | |
Long Beach Bond Finance Authority, Revenue, Natural Gas, Series B, 3 Month LIBOR + 1.450% | 2.396(c) | 11/15/27 | 700 | 670,971 | |
Sanger Unified School District, Certificate of Participation, Capital Projects, AGM, Rfdg | 5.000 | 06/01/52 | 750 | 758,721 | |
12,911,226 | |||||
Colorado 3.2% | |||||
Colorado Educational & Cultural Facilities Authority, Revenue, Lighthouse Building Corp. Stem Project, Rfdg | 4.000 | 11/01/24 | 250 | 251,802 | |
Colorado Health Facilities Authority, | |||||
Revenue, CommonSpirit Health, Series A, Rfdg | 5.000 | 08/01/27 | 1,000 | 1,079,749 | |
Revenue, CommonSpirit Health, Series A, Rfdg | 5.000 | 08/01/28 | 375 | 408,219 | |
Revenue, CommonSpirit Health, Series A-1, Rfdg | 5.000 | 08/01/25 | 1,120 | 1,178,876 | |
Revenue, CommonSpirit Health, Series A-2, Rfdg | 5.000 | 08/01/26 | 390 | 416,309 | |
Revenue, CommonSpirit Health, Series B-2, (Mandatory Put Date 08/01/26) | 5.000 | 08/01/49 | 1,330 | 1,408,493 | |
Revenue, National Jewish Health Project, Rfdg | 5.000 | 01/01/24 | 315 | 315,292 | |
Revenue, Valley View Hospital Association Project, Rfdg, (Mandatory Put Date 05/15/23) | 2.800 | 05/15/42 | 895 | 897,654 | |
E-470 Public Highway Authority, Revenue, NATL, Senior Series B, CABS | 3.200(s) | 09/01/25 | 1,000 | 915,838 | |
Park Creek Metropolitan District, Revenue, Senior Ltd. Property Tax, Series A, Rfdg | 5.000 | 12/01/23 | 1,100 | 1,141,626 |
3
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Colorado (cont’d.) | |||||
Regional Transportation District, Revenue, Denver Transit Partners Eagle P3 Project, Series A, Rfdg | 5.000 % | 07/15/27 | 500 | $534,260 | |
University of Colorado, University Enterprise Revenue, Green Bond Project, Series C-3B, Rfdg, (Mandatory Put Date 10/15/26) | 2.000 | 06/01/51 | 695 | 683,297 | |
9,231,415 | |||||
Connecticut 0.8% | |||||
Connecticut State Health & Educational Facilities Authority, Revenue, Series 2015-A, Rfdg, (Mandatory Put Date 07/12/24) | 0.375 | 07/01/35 | 1,000 | 956,713 | |
State of Connecticut, | |||||
Revenue, Transportation Infrastructure, Series A | 5.000 | 01/01/23 | 275 | 279,928 | |
Series C, GO | 5.000 | 06/15/26 | 1,055 | 1,161,993 | |
2,398,634 | |||||
Delaware 0.4% | |||||
Delaware State Economic Development Authority, Revenue, Newark Charter School, Series A, Rfdg | 2.800 | 09/01/26 | 285 | 280,219 | |
Delaware Transportation Authority, Revenue, Rfdg | 5.000 | 07/01/28 | 850 | 974,322 | |
1,254,541 | |||||
District of Columbia 1.8% | |||||
District of Columbia KIPP Charter School, | |||||
Revenue, Project Series B, Rfdg | 5.000 | 07/01/27 | 220 | 230,822 | |
Revenue, Rfdg (Escrowed to Maturity Date 07/01/23)(ee) | 5.000 | 07/01/23 | 145 | 150,001 | |
Metropolitan Washington Airports Authority, | |||||
Revenue, AMT, Rfdg | 5.000 | 10/01/26 | 2,000 | 2,181,348 | |
Revenue, Series A, AMT, Rfdg | 5.000 | 10/01/26 | 1,350 | 1,472,410 | |
Washington Metropolitan Area Transit Authority, Revenue, Green Bond Project, Series A | 5.000 | 07/15/25 | 1,050 | 1,136,558 | |
5,171,139 |
4
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Florida 6.3% | |||||
City of Tallahassee, | |||||
Revenue, Memorial Health Care, Inc. Project, Series A | 5.000 % | 12/01/23 | 255 | $263,876 | |
Revenue, Memorial Health Care, Inc. Project, Series A | 5.000 | 12/01/25 | 550 | 585,182 | |
County of Broward Airport System, | |||||
Revenue, Series A, AMT | 5.000 | 10/01/26 | 500 | 533,938 | |
Revenue, Series B, AMT, Rfdg | 5.000 | 10/01/27 | 1,000 | 1,092,409 | |
Revenue, Series B, AMT, Rfdg | 5.000 | 10/01/28 | 1,000 | 1,097,559 | |
County of Lee Airport, Revenue, Series A, AMT, Rfdg | 5.000 | 10/01/28 | 1,000 | 1,121,304 | |
Florida Development Finance Corp., Revenue, Brightline Passenger Rail Expansion Project, Series A, (Mandatory Put Date 04/04/23)(hh) | 2.900 | 12/01/56 | 2,000 | 2,000,761 | |
Greater Orlando Aviation Authority, Revenue, Series A, AMT | 5.000 | 10/01/24 | 1,000 | 1,054,315 | |
Lakewood Ranch Stewardship District, | |||||
Special Assessment | 4.250 | 05/01/25 | 200 | 201,104 | |
Special Assessment | 4.250 | 05/01/26 | 250 | 248,411 | |
Special Assessment | 4.625 | 05/01/27 | 500 | 503,589 | |
Myrtle Creek Improvement District, Special Assessment, Series A, BAM, Rfdg | 4.000 | 05/01/27 | 895 | 931,758 | |
Orange County Health Facilities Authority, | |||||
Revenue, Orlando Health Care Obligated Group, Series B, Rfdg | 5.000 | 10/01/25 | 1,940 | 2,081,009 | |
Revenue, Orlando Health Care Obligated Group, Series B, Rfdg | 5.000 | 10/01/26 | 1,300 | 1,413,068 | |
Revenue, Orlando Health Care, Inc., Series A, Rfdg | 5.000 | 10/01/23 | 150 | 155,292 | |
Orlando Utilities Commission, Revenue, Series B, (Mandatory Put Date 10/01/28) | 1.250 | 10/01/46 | 2,400 | 2,016,101 | |
Village Community Development District No. 06, Special Assessment, Revenue, Rfdg | 4.000 | 05/01/26 | 220 | 230,026 | |
Village Community Development District No. 07, | |||||
Special Assessment, Revenue, Rfdg | 4.000 | 05/01/24 | 1,400 | 1,444,037 | |
Special Assessment, Revenue, Rfdg | 4.000 | 05/01/25 | 865 | 901,589 | |
Special Assessment, Revenue, Rfdg | 4.000 | 05/01/26 | 260 | 270,687 | |
Village Community Development District No. 12, Special Assessment, Revenue, 144A | 3.250 | 05/01/23 | 70 | 70,441 | |
18,216,456 |
5
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Georgia 6.0% | |||||
Burke County Development Authority, | |||||
Revenue, Georgia Power Co. Plant Vogtle Project, (Mandatory Put Date 05/25/23) | 2.250 % | 10/01/32 | 250 | $248,864 | |
Revenue, Georgia Power Co. Plant Vogtle Project, Rfdg, (Mandatory Put Date 08/22/24) | 1.700 | 12/01/49 | 1,000 | 972,987 | |
Revenue, Oglethorpe Power Corp., Series V, Rfdg, (Mandatory Put Date 02/03/25) | 3.250 | 11/01/45 | 500 | 501,663 | |
City of Atlanta Department of Aviation, | |||||
Revenue, Series B, AMT | 5.000 | 07/01/24 | 340 | 357,161 | |
Revenue, Series B, AMT, Rfdg | 5.000 | 07/01/28 | 500 | 558,742 | |
Main Street Natural Gas, Inc., | |||||
Revenue, Series B, (Mandatory Put Date 09/01/23), 1 Month LIBOR + 0.750% | 1.461(c) | 04/01/48 | 1,300 | 1,295,254 | |
Revenue, Series B, (Mandatory Put Date 12/02/24) | 4.000 | 08/01/49 | 4,080 | 4,244,029 | |
Revenue, Series C, (Mandatory Put Date 09/01/26) | 4.000 | 03/01/50 | 1,890 | 1,925,060 | |
Revenue, Series C, (Mandatory Put Date 12/01/28) | 4.000 | 05/01/52 | 1,050 | 1,065,838 | |
Revenue, Sub-Series C, (Mandatory Put Date 12/01/23) | 4.000 | 08/01/48 | 2,080 | 2,119,071 | |
Municipal Electric Authority of Georgia, | |||||
Power Revenue, Series HH, Rfdg | 5.000 | 01/01/29 | 1,200 | 1,346,065 | |
Revenue, Combined Cycle Project, Series A, Rfdg | 4.000 | 11/01/24 | 1,080 | 1,114,668 | |
Revenue, Project No. 1, Sub-Bonds, Series A, Rfdg | 5.000 | 01/01/26 | 585 | 625,223 | |
Private Colleges & Universities Authority, Revenue, Savannah College of Art & Design Projects | 5.000 | 04/01/27 | 800 | 879,450 | |
17,254,075 | |||||
Hawaii 0.4% | |||||
City & County of Honolulu, Series A, GO, Rfdg(hh) | 5.000 | 11/01/26 | 1,000 | 1,099,091 | |
Idaho 0.3% | |||||
County of Nez Perce, Revenue, Potlatch Corp. Project, Rfdg | 2.750 | 10/01/24 | 1,000 | 996,375 | |
Illinois 14.2% | |||||
Chicago O’Hare International Airport, | |||||
Revenue, General Senior Lien, Series C, Rfdg, AMT | 5.500 | 01/01/34 | 2,700 | 2,733,132 | |
Revenue, Series A, AMT, Rfdg | 5.000 | 01/01/26 | 985 | 1,040,077 | |
Revenue, Series C, AMT, Rfdg | 5.000 | 01/01/23 | 200 | 203,267 | |
Chicago Transit Authority Capital Grant Receipts, Revenue, Section 5307, Rfdg | 5.000 | 06/01/28 | 1,000 | 1,107,221 |
6
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
City of Chicago, | |||||
Series 2003-B, GO, Rfdg (Escrowed to Maturity Date 01/01/23)(ee) | 5.000 % | 01/01/23 | 370 | $376,182 | |
Series A, GO, Rfdg | 5.000 | 01/01/28 | 1,000 | 1,064,476 | |
City of Chicago Wastewater Transmission, | |||||
Revenue, Second Lien | 5.000 | 01/01/25 | 615 | 616,372 | |
Revenue, Second Lien, Series B, Rfdg | 5.000 | 01/01/23 | 545 | 553,786 | |
City of Chicago Waterworks, | |||||
Revenue, Second Lien Project | 5.000 | 11/01/25 | 530 | 556,614 | |
Revenue, Second Lien Project, Rfdg | 5.000 | 11/01/27 | 135 | 136,198 | |
Revenue, Second Lien, Rfdg | 4.000 | 11/01/24 | 280 | 281,923 | |
Revenue, Second Lien, Rfdg | 5.000 | 11/01/22 | 915 | 924,978 | |
County of Cook, | |||||
Series A, GO, Rfdg | 5.000 | 11/15/23 | 1,000 | 1,040,066 | |
Series A, GO, Rfdg | 5.000 | 11/15/28 | 450 | 503,017 | |
Series B, GO, Rfdg | 4.000 | 11/15/27 | 1,250 | 1,322,732 | |
Illinois Finance Authority, | |||||
Revenue, Advocate Health Care Project, Series A-1, Rfdg | 4.000 | 11/01/30 | 1,000 | 1,023,186 | |
Revenue, American Water Capital Corp. Project, Rfdg, (Mandatory Put Date 09/01/23) | 0.700 | 05/01/40 | 600 | 590,847 | |
Revenue, Northshore University Health System, Series A, Rfdg | 5.000 | 08/15/24 | 1,000 | 1,055,667 | |
Revenue, OSF Health Care System, Series B-2, Rfdg, (Mandatory Put Date 11/15/26) | 5.000 | 05/15/50 | 1,000 | 1,073,319 | |
Revenue, University of Chicago, Series A, Rfdg | 5.000 | 10/01/25 | 2,000 | 2,173,910 | |
Illinois State Toll Highway Authority, Senior Revenue, Series A, Rfdg | 5.000 | 01/01/28 | 1,620 | 1,818,710 | |
Railsplitter Tobacco Settlement Authority, | |||||
Revenue | 5.000 | 06/01/24 | 2,285 | 2,387,988 | |
Revenue | 5.000 | 06/01/26 | 3,250 | 3,503,901 | |
Revenue | 5.000 | 06/01/28 | 55 | 59,091 | |
Regional Transportation Authority, Revenue, NATL, Series A, Rfdg | 5.500 | 07/01/25 | 960 | 1,043,727 | |
Sales Tax Securitization Corp., Revenue, Second Lien, Series A, Rfdg | 5.000 | 01/01/27 | 1,000 | 1,085,679 | |
State of Illinois, | |||||
GO | 5.000 | 05/01/23 | 130 | 132,623 | |
GO, Rfdg | 5.000 | 08/01/24 | 515 | 516,096 | |
Revenue, Build Illinois Bonds, Junior Obligation, Rfdg | 5.000 | 06/15/24 | 705 | 724,749 | |
Revenue, Build Illinois Bonds, Junior Obligation, Series C, Rfdg | 5.000 | 06/15/27 | 2,200 | 2,370,709 |
7
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Illinois (cont’d.) | |||||
State of Illinois, (cont’d.) | |||||
Revenue, Junior Series D, BAM, Rfdg | 5.000 % | 06/15/25 | 1,325 | $1,403,794 | |
Series A, GO | 4.000 | 01/01/23 | 360 | 360,496 | |
Series B, GO, Rfdg | 5.000 | 03/01/25 | 1,000 | 1,049,909 | |
Series C, GO, Rfdg | 4.000 | 03/01/24 | 1,000 | 1,019,521 | |
Series D, GO | 5.000 | 11/01/23 | 2,260 | 2,329,224 | |
Series D, GO | 5.000 | 11/01/26 | 2,190 | 2,342,813 | |
University of Illinois, Revenue, Series A, Rfdg | 5.000 | 04/01/26 | 425 | 452,543 | |
40,978,543 | |||||
Indiana 1.7% | |||||
City of Rockport, Revenue, Power Co. Project, Series A, Rfdg | 3.050 | 06/01/25 | 500 | 502,402 | |
City of Whiting Environmental Facilities, Revenue, BP Products, AMT, Rfdg, (Mandatory Put Date 06/05/26) | 5.000 | 12/01/44 | 1,000 | 1,075,617 | |
Indiana Finance Authority, | |||||
Revenue, Green Bond Project, Series B, Rfdg | 5.000 | 02/01/24 | 1,200 | 1,259,166 | |
Revenue, Indiana University Health, Inc., Series A, Rfdg | 5.000 | 12/01/25 | 1,195 | 1,299,916 | |
Revenue, Power & Light Co. Project, Series A, Rfdg | 1.400 | 08/01/29 | 1,000 | 831,809 | |
4,968,910 | |||||
Iowa 0.8% | |||||
PEFA, Inc., Revenue, Gas Project, Series A-1, (Mandatory Put Date 09/01/26) | 5.000 | 09/01/49 | 2,120 | 2,223,415 | |
Kentucky 0.8% | |||||
County of Trimble, Revenue, Louisville Gas & Electric Project, Series A, AMT, Rfdg, (Mandatory Put Date 09/01/27) | 1.300 | 09/01/44 | 750 | 661,306 | |
Kentucky Public Energy Authority, Revenue, Series B, (Mandatory Put Date 01/01/25) | 4.000 | 01/01/49 | 1,560 | 1,582,164 | |
2,243,470 | |||||
Louisiana 1.3% | |||||
City of New Orleans, | |||||
GO, Rfdg | 5.000 | 12/01/22 | 100 | 101,431 |
8
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Louisiana (cont’d.) | |||||
City of New Orleans, (cont’d.) | |||||
GO, Rfdg | 5.000 % | 12/01/23 | 150 | $155,955 | |
City of New Orleans Sewerage Service, | |||||
Revenue | 5.000 | 06/01/23 | 300 | 307,881 | |
Revenue | 5.000 | 06/01/24 | 200 | 209,553 | |
Louisiana Offshore Terminal Authority, Revenue, Loop LLC Project, Series C, Rfdg, (Mandatory Put Date 12/01/23) | 1.650 | 09/01/34 | 500 | 495,030 | |
Louisiana Public Facilities Authority, Revenue, Ochsner Clinic Foundation Project, Series B, Rfdg, (Mandatory Put Date 05/15/25) | 5.000 | 05/15/50 | 1,065 | 1,133,881 | |
Parish of St. John the Baptist, Revenue, Marathon Oil Corp. Project, Rfdg, (Mandatory Put Date 07/01/24) | 2.100 | 06/01/37 | 200 | 195,438 | |
State of Louisiana, Grant Anticipation Revenue Vehicle | 5.000 | 09/01/23 | 1,000 | 1,036,767 | |
3,635,936 | |||||
Maryland 0.9% | |||||
Maryland Economic Development Corp., Revenue, Transportation Facilities Project, Series A, Rfdg | 5.000 | 06/01/24 | 350 | 368,613 | |
Maryland State Transportation Authority, Revenue, Series A, Rfdg | 5.000 | 07/01/28 | 1,115 | 1,270,296 | |
State of Maryland Department of Transportation, Revenue, Series 2022-B, Rfdg(hh) | 5.000 | 12/01/27 | 1,000 | 1,100,298 | |
2,739,207 | |||||
Massachusetts 0.3% | |||||
Massachusetts Port Authority, Revenue, Series C, AMT, Rfdg | 5.000 | 07/01/29 | 665 | 743,029 | |
Michigan 1.4% | |||||
Michigan Finance Authority, | |||||
Revenue, Local Government Loan Program, NATL, Series D-6, Rfdg | 5.000 | 07/01/25 | 320 | 335,599 | |
Revenue, Local Government Loan Program, Series D-1, Rfdg | 5.000 | 07/01/22 | 400 | 400,039 | |
Revenue, Senior Series A, Class 1, Rfdg | 4.000 | 06/01/23 | 100 | 101,458 | |
Revenue, Senior Series A, Class 1, Rfdg | 5.000 | 06/01/27 | 500 | 539,359 |
9
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Michigan (cont’d.) | |||||
Michigan Finance Authority, (cont’d.) | |||||
Revenue, Senior Series A, Class 1, Rfdg | 5.000 % | 06/01/28 | 610 | $659,939 | |
Revenue, Senior Series A, Class 1, Rfdg | 5.000 | 06/01/29 | 500 | 538,279 | |
Michigan Strategic Fund, Revenue, Graphic Packaging International LLC, Green Bond Recycle Project, AMT, (Mandatory Put Date 10/01/26) | 4.000 | 10/01/61 | 1,500 | 1,495,962 | |
4,070,635 | |||||
Minnesota 0.4% | |||||
Minnesota Municipal Gas Agency, Revenue, Series A, (Mandatory Put Date 12/01/27) | 4.000 | 12/01/52 | 1,000 | 1,022,742 | |
Mississippi 0.3% | |||||
County of Warren, Revenue, International Paper Co. Project, Rfdg, (Mandatory Put Date 09/01/23) | 2.900 | 09/01/32 | 250 | 251,206 | |
Mississippi Business Finance Corp., Revenue, Pollution Control, Rfdg | 3.200 | 09/01/28 | 500 | 489,570 | |
740,776 | |||||
Missouri 1.2% | |||||
Health & Educational Facilities Authority of the State of Missouri, | |||||
Revenue, BJC Health System, Series B, Rfdg, (Mandatory Put Date 05/01/26) | 4.000 | 05/01/51 | 1,605 | 1,694,359 | |
Revenue, BJC Health System, Series C, Rfdg, (Mandatory Put Date 05/01/28) | 5.000 | 05/01/52 | 500 | 560,895 | |
Kansas City Industrial Development Authority, Revenue, International Airport Terminal, Series B, AMT | 5.000 | 03/01/29 | 1,000 | 1,098,152 | |
3,353,406 | |||||
Nebraska 0.5% | |||||
Central Plains Energy Project, Revenue, Project No. 4, (Mandatory Put Date 01/01/24) | 5.000 | 03/01/50 | 1,275 | 1,314,749 |
10
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Nevada 0.4% | |||||
County of Clark Department of Aviation, Revenue, Sub-Series B, AMT, Rfdg | 5.000 % | 07/01/27 | 1,000 | $1,090,347 | |
New Jersey 7.1% | |||||
New Jersey Economic Development Authority, | |||||
Revenue, American Water Co. Inc. Project, Series A, Rfdg | 1.000 | 06/01/23 | 1,375 | 1,359,522 | |
Revenue, American Water Co. Inc. Project, Series B, AMT, Rfdg, (Mandatory Put Date 06/01/23) | 1.200 | 11/01/34 | 500 | 494,467 | |
Revenue, American Water Co. Inc. Project, Series E, AMT, Rfdg | 0.850 | 12/01/25 | 600 | 556,029 | |
Revenue, State Appropriation, Series B, Rfdg | 4.000 | 11/01/25 | 455 | 466,327 | |
Revenue, State Appropriation, Series XX, Rfdg | 5.000 | 06/15/24 | 420 | 438,840 | |
New Jersey Health Care Facilities Financing Authority, | |||||
Revenue, AHS Hospital Corp., Rfdg | 5.000 | 07/01/24 | 400 | 422,366 | |
Revenue, Hackensack Meridian Health, Series A, Rfdg | 5.000 | 07/01/25 | 540 | 579,308 | |
Revenue, RWJ Barnabas Health Obligation Group, Series A, Rfdg | 5.000 | 07/01/27 | 450 | 492,344 | |
Revenue, University Hospital, Series A, AGM, Rfdg | 5.000 | 07/01/23 | 500 | 511,688 | |
New Jersey Higher Education Student Assistance Authority, Revenue, Senior Series A, Rfdg | 5.000 | 12/01/24 | 400 | 421,040 | |
New Jersey Transportation Trust Fund Authority, | |||||
Revenue, Series AA, Rfdg | 5.000 | 06/15/27 | 800 | 857,132 | |
Revenue, Transportation System, Series A, Rfdg | 5.000 | 12/15/23 | 290 | 300,714 | |
Revenue, Transportation System, Series A, Rfdg | 5.000 | 12/15/26 | 500 | 534,099 | |
New Jersey Turnpike Authority, | |||||
Revenue, Series A | 5.000 | 01/01/27 | 605 | 637,940 | |
Revenue, Series D, Rfdg | 5.000 | 01/01/28 | 1,100 | 1,198,269 | |
Revenue, Series D-1, Rfdg, 1 Month LIBOR + 0.700% | 1.443(c) | 01/01/24 | 1,000 | 1,013,366 | |
State of New Jersey, COVID-19, Emergency Bonds, Series A, GO | 5.000 | 06/01/26 | 5,200 | 5,643,139 | |
Tobacco Settlement Financing Corp., | |||||
Revenue, Series A, Rfdg | 5.000 | 06/01/25 | 1,895 | 2,009,152 | |
Revenue, Series A, Rfdg | 5.000 | 06/01/27 | 2,315 | 2,497,648 | |
20,433,390 | |||||
New Mexico 0.4% | |||||
City of Farmington, Revenue, 4 Corners Project, Rfdg | 1.800 | 04/01/29 | 1,500 | 1,308,796 |
11
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
New York 4.6% | |||||
City of New York, Fiscal 2015, Sub-Series F-4, GO, (Mandatory Put Date 12/01/25) | 5.000 % | 06/01/44 | 2,000 | $2,151,267 | |
Long Island Power Authority, Revenue, Series B, Rfdg, (Mandatory Put Date 09/01/26) | 1.500 | 09/01/51 | 2,000 | 1,926,027 | |
Metropolitan Transportation Authority, | |||||
Revenue, Series B | 5.000 | 11/15/22 | 395 | 399,148 | |
Revenue, Series F, Rfdg | 5.000 | 11/15/24 | 1,125 | 1,182,093 | |
New York City Industrial Development Agency, Revenue, Queens Baseball Stadium Project, Series A, AGM, Rfdg | 5.000 | 01/01/28 | 1,000 | 1,095,827 | |
New York City Water & Sewer System, Revenue | 5.000 | 06/15/28 | 750 | 835,097 | |
New York State Dormitory Authority, | |||||
Revenue, Memorial Sloan Kettering Cancer Center, Series 1, Rfdg | 5.000 | 07/01/24 | 230 | 243,105 | |
Revenue, New York University Hospitals Center, Rfdg | 5.000 | 07/01/24 | 845 | 889,234 | |
Revenue, New York University Hospitals Center, Rfdg | 5.000 | 07/01/24 | 895 | 941,852 | |
New York Transportation Development Corp., Revenue, JFK International Air Terminal Project, Series A, AMT, Rfdg | 5.000 | 12/01/25 | 200 | 211,858 | |
Port Authority of New York & New Jersey, Revenue, Series 226, AMT, Rfdg | 5.000 | 10/15/27 | 650 | 718,441 | |
Triborough Bridge & Tunnel Authority, | |||||
Revenue, Senior Lien, Sub-Series B-2, Rfdg, (Mandatory Put Date 05/15/26) | 5.000 | 05/15/50 | 1,000 | 1,096,218 | |
Revenue, Series A-2, Rfdg, (Mandatory Put Date 05/15/26) | 2.000 | 05/15/45 | 1,000 | 985,287 | |
TSASC, Inc., | |||||
Revenue, Series A, Rfdg | 5.000 | 06/01/24 | 375 | 389,376 | |
Revenue, Series A, Rfdg | 5.000 | 06/01/25 | 100 | 105,306 | |
13,170,136 | |||||
North Carolina 1.0% | |||||
Charlotte-Mecklenburg Hospital Authority, Revenue, Atriumn Health, Series B, (Mandatory Put Date 12/02/24) | 5.000 | 01/15/50 | 1,000 | 1,062,912 | |
North Carolina Turnpike Authority, Revenue, BANS | 5.000 | 02/01/24 | 1,660 | 1,728,009 | |
2,790,921 |
12
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
North Dakota 0.2% | |||||
Cass County Joint Water Resource District, Series A, GO | 0.480 % | 05/01/24 | 555 | $529,165 | |
Ohio 3.8% | |||||
Akron Bath Copley Joint Township Hospital District, Revenue, Summa Health Obligation Group, Rfdg | 5.000 | 11/15/27 | 185 | 198,649 | |
American Municipal Power, Inc., Revenue, Prairie State Energy, Series A, Rfdg | 5.000 | 02/15/39 | 2,000 | 2,049,581 | |
Buckeye Tobacco Settlement Financing Authority, Revenue, Senior Series A-2, Class 1, Rfdg | 5.000 | 06/01/28 | 1,620 | 1,753,335 | |
County of Cuyahoga, | |||||
Revenue, MetroHealth System, Rfdg | 4.000 | 02/15/29 | 1,200 | 1,185,342 | |
Revenue, MetroHealth System, Rfdg | 5.000 | 02/15/25 | 695 | 726,638 | |
Lancaster Port Authority, Revenue, Natural Gas, Series A, Rfdg, (Mandatory Put Date 02/01/25) | 5.000 | 08/01/49 | 300 | 315,558 | |
Ohio Air Quality Development Authority, | |||||
Revenue, American Electric Power Co. Project, Series A, (Mandatory Put Date 10/01/29) | 2.400 | 12/01/38 | 500 | 460,047 | |
Revenue, Duke Energy Corp. Project, Series A, Rfdg, AMT, (Mandatory Put Date 06/01/27) | 4.250 | 11/01/39 | 2,000 | 2,045,835 | |
Revenue, Ohio Valley Electric Corp. Project, Series B, (Mandatory Put Date 11/01/24) | 1.375 | 02/01/26 | 750 | 709,261 | |
Ohio Turnpike & Infrastructure Commission, Revenue, Junior Lien Infrastructure Projects, Series A, Rfdg, (hh) | 5.000 | 02/15/25 | 500 | 527,697 | |
State of Ohio, Common Schools, Series C, GO, Rfdg | 5.000 | 03/15/27 | 1,000 | 1,118,530 | |
11,090,473 | |||||
Oklahoma 0.8% | |||||
Oklahoma Development Finance Authority, | |||||
Revenue, Gilcrease Expressway West, AMT | 1.625 | 07/06/23 | 500 | 492,909 | |
Revenue, University of Oklahoma Medicine Project, Series B | 5.000 | 08/15/25 | 800 | 799,405 | |
Revenue, University of Oklahoma Medicine Project, Series B | 5.000 | 08/15/29 | 1,100 | 1,077,919 | |
2,370,233 |
13
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Pennsylvania 5.3% | |||||
Chester County Industrial Development Authority, | |||||
Revenue, Renaissance Academy Charter School, Rfdg | 3.750 % | 10/01/24 | 205 | $205,823 | |
Revenue, Renaissance Academy Charter School, Rfdg | 5.000 | 10/01/34 | 355 | 358,635 | |
City of Philadelphia Airport, Revenue, Private Activity, AMT, Rfdg | 5.000 | 07/01/27 | 1,125 | 1,229,357 | |
Commonwealth Financing Authority, | |||||
Revenue, Tobacco Master Settlement Payment | 5.000 | 06/01/24 | 1,980 | 2,081,919 | |
Revenue, Tobacco Master Settlement Payment | 5.000 | 06/01/25 | 1,160 | 1,238,565 | |
Commonwealth of Pennsylvania, | |||||
Certificate of Participation, Series A, Rfdg | 5.000 | 07/01/26 | 500 | 542,277 | |
First Series, GO, Rfdg | 5.000 | 08/15/25 | 1,235 | 1,335,893 | |
Delaware River Joint Toll Bridge Commission, Revenue, Bridge System, Series B, Rfdg | 5.000 | 07/01/28 | 305 | 346,519 | |
Delaware Valley Regional Finance Authority, Revenue, Series A, AMBAC | 5.500 | 08/01/28 | 750 | 851,726 | |
East Hempfield Township Industrial Development Authority, Revenue, Willow Valley Communities Project, Rfdg | 5.000 | 12/01/23 | 500 | 516,343 | |
Geisinger Authority, Revenue, Geisinger Health System Obligation Group, Series B, Rfdg, (Mandatory Put Date 02/15/27) | 5.000 | 04/01/43 | 1,000 | 1,082,655 | |
Pennsylvania Economic Development Financing Authority, Revenue, Waste Management Inc., Project, Series B, AMT, Rfdg, (Mandatory Put Date 11/02/26) | 1.100 | 06/01/31 | 1,250 | 1,102,391 | |
Pennsylvania Higher Educational Facilities Authority, Revenue, University of Pennsylvania Health System, Rfdg | 5.000 | 08/15/26 | 1,185 | 1,289,277 | |
Pennsylvania Turnpike Commission, Revenue, Series A-2, Rfdg | 5.000 | 12/01/26 | 1,515 | 1,677,109 | |
Philadelphia Gas Works Co., Revenue, Rfdg | 5.000 | 08/01/25 | 420 | 449,743 | |
University of Pittsburgh of the Commonwealth System of Higher Education, Revenue, Rfdg | 4.000 | 04/15/26 | 820 | 862,281 | |
15,170,513 |
14
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Puerto Rico 1.6% | |||||
Commonwealth of Puerto Rico, Restructured, Series A, GO, CABS | 0.247 %(s) | 07/01/24 | 4,735 | $4,381,018 | |
Puerto Rico Sales Tax Financing Corp., Revenue, Series A-1, CABS | 2.534(s) | 07/01/24 | 324 | 301,129 | |
4,682,147 | |||||
Rhode Island 1.1% | |||||
Tobacco Settlement Financing Corp., | |||||
Revenue, Series A, Rfdg | 5.000 | 06/01/23 | 790 | 808,982 | |
Revenue, Series A, Rfdg | 5.000 | 06/01/24 | 1,940 | 2,022,416 | |
Revenue, Series A, Rfdg | 5.000 | 06/01/28 | 240 | 249,321 | |
3,080,719 | |||||
South Carolina 0.8% | |||||
County of Richland, Revenue, International Paper Co. Project, Series A, Rfdg | 3.875 | 04/01/23 | 1,115 | 1,123,162 | |
South Carolina Public Service Authority, | |||||
Revenue, Santee Cooper Exchange Bonds, Series A, Rfdg | 4.000 | 12/01/29 | 619 | 643,421 | |
Revenue, Series C, Rfdg | 5.000 | 12/01/24 | 610 | 642,655 | |
2,409,238 | |||||
Tennessee 0.9% | |||||
Memphis-Shelby County Airport Authority, Revenue, Series A, AMT | 5.000 | 07/01/25 | 500 | 532,057 | |
Tennergy Corp., Revenue, Series A, (Mandatory Put Date 09/01/28) | 4.000 | 12/01/51 | 2,000 | 2,014,961 | |
2,547,018 | |||||
Texas 9.9% | |||||
Bexar County Health Facilities Development Corp., Revenue, Army Retirement Residence Foundation, Rfdg | 5.000 | 07/15/24 | 500 | 506,450 | |
Central Texas Regional Mobility Authority, | |||||
Revenue, Senior Lien, Series A, Rfdg | 5.000 | 01/01/23 | 610 | 619,107 | |
Revenue, Senior Lien, Series D, Rfdg | 5.000 | 01/01/28 | 1,000 | 1,088,594 | |
Revenue, Series C | 5.000 | 01/01/27 | 690 | 735,696 | |
Revenue, Sub-Series F, BANS | 5.000 | 01/01/25 | 680 | 714,138 | |
15
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
City of Dallas Hotel Occupancy, Tax Revenue, Rfdg | 4.000 % | 08/15/28 | 1,025 | $1,067,934 | |
City of Houston Airport System, | |||||
Revenue, Sub-Lien, Series A, AMT, Rfdg, (Pre-refunded Date 07/01/22)(ee) | 5.000 | 07/01/32 | 1,000 | 1,000,000 | |
Revenue, Sub-Series A, AMT, Rfdg | 5.000 | 07/01/25 | 1,000 | 1,063,705 | |
City of San Antonio Electric & Gas Systems, | |||||
Revenue, Junior Lien, Rfdg, (Mandatory Put Date 12/01/27) | 2.000 | 02/01/49 | 1,500 | 1,451,604 | |
Revenue, Junior Lien, Series B, Rfdg | 3.000 | 02/01/29 | 1,000 | 1,009,631 | |
Clear Creek Independent School District, Permanent School Fund Program, GO, (Mandatory Put Date 08/15/24) | 0.280 | 02/15/38 | 1,000 | 961,372 | |
Clifton Higher Education Finance Corp., | |||||
Revenue, Idea Public Schools | 3.750 | 08/15/22 | 90 | 90,259 | |
Revenue, Idea Public Schools, Series B | 4.000 | 08/15/23 | 610 | 624,661 | |
Revenue, Idea Public Schools, Series B | 5.000 | 08/15/25 | 210 | 227,065 | |
Dallas Fort Worth International Airport, | |||||
Revenue, Series A, Rfdg | 5.000 | 11/01/25 | 1,030 | 1,110,233 | |
Revenue, Series B, Rfdg | 5.000 | 11/01/26 | 1,425 | 1,560,807 | |
Decatur Hospital Authority, | |||||
Revenue, Wise Regional Health Systems, Series A, Rfdg | 5.000 | 09/01/22 | 150 | 150,689 | |
Revenue, Wise Regional Health Systems, Series A, Rfdg | 5.000 | 09/01/23 | 150 | 153,932 | |
Gulf Coast Authority, | |||||
Revenue, Exxonmobil Project, FRDD | 0.670(cc) | 12/01/25 | 500 | 500,000 | |
Revenue, Exxonmobil Project, Series A, FRDD | 0.660(cc) | 06/01/30 | 3,045 | 3,045,000 | |
Revenue, Exxonmobil Project, Series B, FRDD | 0.660(cc) | 06/01/25 | 1,500 | 1,500,000 | |
Harris County Cultural Education Facilities Finance Corp., Revenue, Baylor College of Medicine, Series A, Rfdg, (Mandatory Put Date 07/01/24) | 1.393 | 11/15/46 | 1,000 | 1,014,036 | |
Kerrville Health Facilities Development Corp., Revenue, Peterson Regional Medical Center Project, Rfdg | 5.000 | 08/15/22 | 485 | 486,968 | |
Lower Colorado River Authority, Revenue, LCRA Transmission Services Corp. Project, Rfdg | 5.000 | 05/15/27 | 600 | 663,194 | |
Lower Neches Valley Authority Industrial Development Corp., Revenue, Exxonmobil Project, FRDD | 0.630(cc) | 11/01/38 | 595 | 595,000 |
16
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Texas (cont’d.) | |||||
New Caney Independent School District, Permanent School Fund Program, GO, (Mandatory Put Date 08/15/24) | 1.250 % | 02/15/50 | 650 | $638,853 | |
North Texas Tollway Authority, | |||||
Revenue, First Tier, Series B, Rfdg | 5.000 | 01/01/25 | 875 | 932,408 | |
Revenue, Second Tier, Series B, Rfdg | 5.000 | 01/01/26 | 690 | 700,464 | |
Revenue, Second Tier, Series B, Rfdg | 5.000 | 01/01/28 | 340 | 368,135 | |
Revenue, Series A, Rfdg | 5.000 | 01/01/26 | 2,050 | 2,137,976 | |
Tarrant County Cultural Education Facilities Finance Corp., | |||||
Revenue, Texas Health Resources System, Series A, Rfdg | 5.000 | 02/15/26 | 365 | 393,610 | |
Revenue, Trinity Terrace Project, Series A-1, Rfdg | 5.000 | 10/01/29 | 630 | 641,770 | |
Texas Municipal Gas Acquisition & Supply Corp. I, Revenue, Senior Lien, Series D | 6.250 | 12/15/26 | 725 | 775,619 | |
28,528,910 | |||||
Utah 1.1% | |||||
Salt Lake City Airport, | |||||
Revenue, Series A, AMT | 5.000 | 07/01/22 | 360 | 360,034 | |
Revenue, Series A, AMT | 5.000 | 07/01/23 | 535 | 549,750 | |
Revenue, Series A, AMT | 5.000 | 07/01/26 | 1,160 | 1,253,095 | |
Revenue, Series A, AMT | 5.000 | 07/01/28 | 375 | 404,618 | |
Revenue, Series A, AMT | 5.000 | 07/01/28 | 580 | 637,291 | |
3,204,788 | |||||
Virginia 0.4% | |||||
Virginia Small Business Financing Authority, | |||||
Revenue, Elizabeth River Crossings Project, Senior Lien | 4.250 | 07/01/22 | 225 | 225,018 | |
Revenue, Elizabeth River Crossings Project, Senior Lien, AMT, Rfdg(hh) | 4.000 | 01/01/30 | 750 | 762,839 | |
Wise County Industrial Development Authority, Revenue, Virginia Electric & Power Co., Series A, (Mandatory Put Date 05/31/24) | 1.200 | 11/01/40 | 250 | 244,009 | |
1,231,866 |
17
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Washington 2.3% | |||||
City of Seattle Municipal Light & Power, Revenue, Series B, Rfdg, (Mandatory Put Date 11/01/26) | 1.160 % | 05/01/45 | 500 | $506,068 | |
Energy Northwest, Revenue, Project No. 1, Series A, Rfdg | 5.000 | 07/01/26 | 1,300 | 1,432,067 | |
Port of Seattle, | |||||
Revenue, Intermediate Lein Private Activity, Series C, AMT, Rfdg | 5.000 | 08/01/28 | 1,500 | 1,638,767 | |
Revenue, Intermediate Lien, AMT | 5.000 | 04/01/29 | 1,000 | 1,093,939 | |
University of Washington, Revenue, Series C, Rfdg | 5.000 | 04/01/26 | 1,500 | 1,643,506 | |
Washington Health Care Facilities Authority, Revenue, Overlake Hospital Medical Center, Series B, Rfdg | 5.000 | 07/01/28 | 375 | 412,306 | |
6,726,653 | |||||
West Virginia 0.8% | |||||
West Virginia Economic Development Authority, | |||||
Revenue, Appalachian Power Co. Amos Project, Series A, Rfdg, (Mandatory Put Date 04/01/24) | 2.550 | 03/01/40 | 1,000 | 995,908 | |
Revenue, Appalachian Power Co. Project, Series A, Rfdg, (Mandatory Put Date 12/01/25) | 0.625 | 12/01/38 | 1,500 | 1,382,201 | |
2,378,109 | |||||
Wisconsin 0.4% | |||||
Public Finance Authority, | |||||
Revenue, Bancroft Neurohealth Project, Series A, 144A | 5.000 | 06/01/23 | 500 | 506,161 | |
Revenue, Trips Obligation Group, Senior Series E, Rfdg | 5.000 | 07/01/23 | 355 | 355,658 | |
Wisconsin Health & Educational Facilities Authority, Revenue, Children’s Hospital of Wisconsin, Rfdg | 5.000 | 08/15/27 | 335 | 370,110 | |
1,231,929 |
18
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Description | Interest Rate | Maturity Date | Principal Amount (000)# | Value | |
Municipal Bonds (Continued) | |||||
Wyoming 0.3% | |||||
County of Lincoln, Revenue, Exxonmobil Project, Rfdg, AMT, FRDD | 0.670 %(cc) | 10/01/44 | 800 | $800,000 | |
TOTAL INVESTMENTS 99.8% (cost $299,994,103) | 287,600,884 | ||||
Other assets in excess of liabilities(z) 0.2% | 589,362 | ||||
Net Assets 100.0% | $288,190,246 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers. | |
AGM—Assured Guaranty Municipal Corp. | |
AMBAC—American Municipal Bond Assurance Corp. | |
AMT—Alternative Minimum Tax | |
BAM—Build America Mutual | |
BANS—Bond Anticipation Notes | |
CABS—Capital Appreciation Bonds | |
FRDD—Floating Rate Daily Demand Note | |
GO—General Obligation | |
LIBOR—London Interbank Offered Rate | |
NATL—National Public Finance Guarantee Corp. | |
Rfdg—Refunding |
# | Principal amount is shown in U.S. dollars unless otherwise stated. |
(c) | Variable rate instrument. The interest rate shown reflects the rate in effect at June 30, 2022. |
(cc) | Variable rate instrument. The rate shown is based on the latest available information as of June 30, 2022. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(d) | Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity. |
(ee) | All or partial escrowed to maturity and pre-refunded issues are secured by escrowed cash, a guaranteed investment contract and /or U.S. guaranteed obligations. |
(hh) | When-issued security. |
(s) | Represents zero coupon bond or principal only security. Rate represents yield to maturity at purchase date. |
(z) | Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments: |
19
PGIM Short Duration Muni Fund
Schedule of Investments as of June 30, 2022 (unaudited) (continued)
Futures contracts outstanding at June 30, 2022: | ||||||||
Number of Contracts | Type | Expiration Date | Current Notional Amount | Value / Unrealized Appreciation (Depreciation) | ||||
Short Position: | ||||||||
11 | 10 Year U.S. Treasury Notes | Sep. 2022 | $1,303,844 | $11,321 |
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).
20