PGIM Muni High Income Fund (PHIZX)
Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.
Seeks maximum income that is exempt from federal income taxes by investing at least 80% of its assets in a blend of municipal bonds. The Fund may be appropriate for those who are seeking income that is generally free from federal taxes and can accept greater risk as they seek higher yield.
Growth of $10,000
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.
FUND INFORMATION
Fund StatisticS
|
Name
|
Weight
|
|---|---|
| AMT (%) | 17.1 |
| Average Effective Maturity (years) | 10.7 |
| Average Maturity (years) | 14.9 |
| Duration (years) | 6.9 |
| Standard Deviation (3 year) | 7.3 |
Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.
The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking investment strategies analysis offered via specific vehicles on a Gold, Silver, Bronze, Neutral, and Negative scale. These ratings indicate the investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investments are evaluated on 3 pillars (People, Parent, and Process) which, when coupled with a fee assessment, form the basis for Morningstar’s conviction in those product’s investment merits and determine the assigned rating. Pillar ratings are Low, Below Average, Average, Above Average, and High, and are evaluated qualitatively (either directly to a covered vehicle or indirectly when a covered vehicle’s ratings are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by expected performance into rating groups defined by their Morningstar Category and active or passive status. Analysts who directly cover a vehicle assign the 3 pillar ratings based on their qualitative assessment, subject to Analyst Rating Committee oversight, and monitor and reevaluate them at least every 14 months. Vehicle ratings are assigned monthly when covered either indirectly by analysts or by algorithm. For more information, please visit www.global.morningstar.com/managerdisclosures/. Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to issues like unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment. Changes in underlying factors can mean the rating is subsequently no longer accurate. ‡Source: Morningstar.
Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. High yield (“junk”) bonds are subject to greater credit and market risks. The Fund is subject to fixed income obligations and municipal bonds risk , where the Fund's holdings, share price, yield and total return may fluctuate in response to bond market movements and municipal bond market movements. The Fund may purchase municipal bonds that are insured to attempt to reduce credit risk. Derivatives may carry market, credit and liquidity risks. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
| TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE | |||||||
|---|---|---|---|---|---|---|---|
| Cumulative | Average Annual | ||||||
| Class | Ticker | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
See Daily Returns for the PGIM Muni High Income Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Muni High Income Fund.
See Daily Returns for the PGIM Muni High Income Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Muni High Income Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 0.84 | 0.81 | 12/31/2026 | 3.25 |
| C | 1.67 | 1.64 | 12/31/2026 | 1.00 |
| R6 | 0.56 | 0.49 | 12/31/2026 | — |
| Z | 0.62 | 0.58 | 12/31/2026 | — |
*This date represents the contractual reduction date through which the net expense ratio is in effect.
Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.
Morningstar High-Yield Muni Category Average: High-Yield Muni portfolios typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high-yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor’s or Moody’s.
Bloomberg Municipal Bond Index is an unmanaged index of long-term investment-grade municipal bonds.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Prices
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 9.38 | N/C 0.00 | 0.00 | 9.70 | 338,735,087.56 |
| C | 9.38 | N/C 0.00 | 0.00 | — | 17,095,760.49 |
| R6 | 9.38 | N/C 0.00 | 0.00 | — | 80,870,536.15 |
| Z | 9.37 | N/C 0.00 | 0.00 | — | 481,231,600.13 |
NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 9.68 | 12/06/2024 | 8.94 | 04/09/2025 |
| C | 9.68 | 12/06/2024 | 8.94 | 04/09/2025 |
| R6 | 9.67 | 12/06/2024 | 8.93 | 04/09/2025 |
| Z | 9.67 | 12/04/2024 | 8.93 | 04/09/2025 |
For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.
Yields
| Class | SEC 30-Day Subsidized Yield (%) | SEC 30-Day Unsubsidized Yield (%) | Offer Distb. Yield (%) | NAV Distb. Yield (%) | SEC-30 Day Sub Taxable Equivalent Yield (%) |
|---|---|---|---|---|---|
| A - View Prospectus | 3.75 | 3.72 | 3.37 | 3.48 | 6.33 |
| C - View Prospectus | 3.02 | 3.00 | — | 2.63 | 5.10 |
| R6 - View Prospectus | 4.19 | 4.13 | — | 3.80 | 7.08 |
| Z - View Prospectus | 4.12 | 4.09 | — | 3.72 | 6.96 |
See Yields of other PGIM Investments Mutual Funds.
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.
This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
- Portfolio Summary
- Complete Holdings
Portfolio Attributes
Largest Issuers (% of Assets)
|
Largest Issuers
|
% of Assets
|
|---|---|
| Puerto Rico Sales Tax Financing | 6.5% |
| VANECK VECTORS HIGH YIELD MUNICIPAL INDEX ETF | 4.0% |
| iShares S&P National Municipal Bond Fund | 3.9% |
| New York City Transitional Fin Auth | 1.9% |
| Puerto Rico Commonwealth of (Government) | 1.9% |
| State of IL | 1.6% |
| DELTA Air Lines | 1.5% |
| United Continental | 1.5% |
| Buckeye OH TOB Settlement | 1.4% |
| Chicago Board of Education | 1.4% |
Sector Breakdown (% of Assets)
|
Sector Breakdown
|
% of Assets
|
|---|---|
| Special Tax/Assessment District | 14.6% |
| Corporate Backed IDB & PCR | 13.3% |
| Healthcare | 10.7% |
| General Obligation | 10.4% |
| Education | 10.1% |
| Transportation | 8.7% |
| Power | 6.4% |
| Housing | 5.8% |
| Tobacco | 4.2% |
| Pre-Refunded | 0.7% |
| Other | 15.6% |
| Cash/Equiv | -0.4% |
US Regional Breakdown (% of Assets)
|
US Regional Breakdown
|
% of Assets
|
|---|---|
| Puerto Rico | 8.8 |
| Florida | 8.5 |
| Other | 8.5 |
| New York | 7.6 |
| Illinois | 6.7 |
| Wisconsin | 6.5 |
| Texas | 6.3 |
| California | 5.1 |
| New Hampshire | 4.9 |
| Georgia | 3.5 |
Credit Quality (% of Assets)
|
Credit Quality
|
Fund (% of Assets)
|
|---|---|
| AAA | 3.4% |
| AA | 13.9% |
| A | 15.3% |
| BBB | 18.0% |
| BB | 7.8% |
| B | 0.9% |
| Not Rated | 39.5% |
| Cash/Equiv | 1.3% |
FUND STATISTICS
|
Fund Statistics
|
Years
|
|---|---|
| AMT (%) | 17.1 |
| Average Effective Maturity (years) | 10.7 |
| Average Maturity (years) | 14.9 |
| Duration (years) | 6.9 |
| Standard Deviation (3 year) | 7.26 |
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Total number of holdings based on issuers. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.
Fund Holdings
Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.
Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.
Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4072323 Ed. 12/2024
|
Security ID# (CUSIP/SEDOL)
|
Security Description
|
Ticker Symbol
|
Coupon Rate
|
Maturity Date
|
Shares/Notional
|
Value ($)
|
% of Portfolio
|
|---|---|---|---|---|---|---|---|
| 92189H409 | Vaneck High Yield Muni Etf | HYD | — | — | 709,895.00 | 36,304,030.00 | 4.01 |
| 464288414 | Ishares National Muni Bond Etf | MUB | — | — | 328,250.00 | 35,280,310.00 | 3.89 |
| 74514L4C8 | Commonwealth Of Puerto Rico | PRC | — | 11/01/2051 | 34,972,792.00 | 23,419,955.00 | 2.58 |
| 74529JQG3 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2046 | 51,183,000.00 | 17,711,238.00 | 1.95 |
| 118217CZ9 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 5.0 | 06/01/2055 | 13,920,000.00 | 11,676,277.00 | 1.29 |
| 74514L4G9 | Commonwealth Of Puerto Rico | PRC | — | 11/01/2051 | 19,386,999.00 | 11,438,329.00 | 1.26 |
| 919061DU2 | CITY Of Valdez Ak | VALTRN | 3.9 | 12/01/2033 | 8,990,000.00 | 8,990,000.00 | 0.99 |
| 74514L3J4 | Commonwealth Of Puerto Rico | PRC | 5.75 | 07/01/2031 | 8,015,875.00 | 8,802,825.00 | 0.97 |
| 56035DJJ2 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 05/01/2055 | 7,250,000.00 | 7,878,285.00 | 0.87 |
| 64542PGD1 | NEW Hope Cultural Education Facilities F | NHPFAC | 6.5 | 01/01/2031 | 7,675,000.00 | 7,439,071.00 | 0.82 |
| 744387AD3 | Public Authority For Colorado Energy | PUBUTL | 6.5 | 11/15/2038 | 6,050,000.00 | 7,334,332.00 | 0.81 |
| 13034A6B1 | California Infrastructure & Economic Dev | CASDEV | 9.5 | 01/01/2065 | 9,000,000.00 | 7,166,971.00 | 0.79 |
| 83755VY81 | South Dakota Health & Educational Facili | SDSMED | 5.0 | 09/01/2055 | 6,160,000.00 | 6,144,781.00 | 0.68 |
| 74440DFQ2 | Kentucky Public Energy Authority | KYSPWR | 5.0 | 12/01/2033 | 5,790,000.00 | 6,034,583.00 | 0.67 |
| 64972JNR5 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 05/01/2052 | 5,000,000.00 | 5,423,958.00 | 0.60 |
| 64972JXS2 | NEW York City Transitional Finance Autho | NYCGEN | 5.25 | 05/01/2055 | 5,000,000.00 | 5,330,422.00 | 0.59 |
| 64990KFX6 | NEW York State Dormitory Authority | NYSGEN | 5.25 | 03/15/2052 | 5,000,000.00 | 5,315,068.00 | 0.59 |
| 74442PR64 | Public Finance Authority | PUBGEN | 4.0 | 01/01/2055 | 5,000,000.00 | 5,140,681.00 | 0.57 |
| 34073TKA4 | Florida Higher Educational Facilities Fi | FLSHGR | 5.0 | 03/01/2042 | 4,795,000.00 | 4,798,104.00 | 0.53 |
| 392274F84 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 11/15/2036 | 4,700,000.00 | 4,699,727.00 | 0.52 |
| 05786PAA1 | Baldwin County Industrial Development Au | BLWPOL | 5.0 | 06/01/2055 | 4,500,000.00 | 4,620,077.00 | 0.51 |
| 16559PBU8 | Chester County Industrial Development Au | CHEDEV | 4.0 | 08/01/2048 | 5,000,000.00 | 4,456,068.00 | 0.49 |
| 650116AV8 | NEW York Transportation Development Corp | NYTTRN | 5.25 | 01/01/2050 | 4,480,000.00 | 4,454,388.00 | 0.49 |
| 649519DH5 | NEW York Liberty Development Corp | NYCDEV | 2.8 | 09/15/2069 | 4,750,000.00 | 4,389,708.00 | 0.48 |
| 74448UAC2 | Public Finance Authority | PUBTRN | 6.5 | 12/31/2065 | 4,000,000.00 | 4,391,109.00 | 0.48 |
| 888805CJ5 | IOWA Tobacco Settlement Authority | TOBGEN | — | 06/01/2065 | 29,275,000.00 | 4,316,983.00 | 0.48 |
| 888809BE9 | Tobacco Settlement Financing Corp/ri | TOBGEN | 5.0 | 06/01/2040 | 4,350,000.00 | 4,352,838.00 | 0.48 |
| 76827QMU4 | River Islands Public Financing Authority | RVIGEN | 5.0 | 09/01/2055 | 4,345,000.00 | 4,243,055.00 | 0.47 |
| 546399SZ0 | Louisiana Public Facilities Authority | LASFAC | 5.75 | 09/01/2064 | 4,000,000.00 | 4,146,218.00 | 0.46 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.12 | 12/01/2099 | 4,069,099.00 | 4,069,098.00 | 0.45 |
| 708686ES5 | Pennsylvania Economic Development Financ | PASDEV | 5.25 | 12/01/2038 | 4,000,000.00 | 4,032,335.00 | 0.45 |
| 41430EJC8 | Harris County Municipal Utility District | HARUTL | 4.5 | 03/01/2049 | 4,190,000.00 | 4,044,889.00 | 0.45 |
| 74529JQH1 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2051 | 16,538,000.00 | 4,081,914.00 | 0.45 |
| 7599112F6 | Regional Transportation Authority | REGTRN | 4.0 | 06/01/2038 | 4,015,000.00 | 3,957,119.00 | 0.44 |
| 34061XAG7 | Florida Development Finance Corp | FLSDEV | 4.38 | 10/01/2054 | 4,000,000.00 | 4,030,372.00 | 0.44 |
| 25483VWD2 | District Of Columbia | DISREV | 4.0 | 07/01/2049 | 4,610,000.00 | 3,938,794.00 | 0.43 |
| 727521AB2 | Plaquemines Port Harbor & Terminal Distr | PLATRN | 12.0 | 12/01/2034 | 3,800,000.00 | 3,909,005.00 | 0.43 |
| 650116GN0 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 04/01/2035 | 3,465,000.00 | 3,791,875.00 | 0.42 |
| 292723CU5 | Energy Southeast A Cooperative District | ESDPWR | 5.0 | 11/01/2035 | 3,500,000.00 | 3,764,744.00 | 0.42 |
| 14052WDR5 | Capital Trust Agency Inc | CPTGEN | — | 07/01/2061 | 45,000,000.00 | 3,830,603.00 | 0.42 |
| 011903GL9 | Alaska Industrial Development & Export A | AKSDEV | 4.0 | 10/01/2049 | 4,320,000.00 | 3,796,101.00 | 0.42 |
| 88283PAP2 | Texas Transportation Finance Corp | TTFTRN | 5.5 | 10/01/2055 | 3,500,000.00 | 3,827,941.00 | 0.42 |
| 74442PF75 | Public Finance Authority | PUBGEN | 5.75 | 07/01/2054 | 3,500,000.00 | 3,632,492.00 | 0.40 |
| 60528ACG7 | Mississippi Business Finance Corp | MSSDEV | 3.9 | 11/01/2035 | 3,620,000.00 | 3,620,000.00 | 0.40 |
| 64578CAH4 | NEW Jersey Economic Development Authorit | NJSDEV | 5.25 | 09/15/2029 | 3,530,000.00 | 3,531,646.00 | 0.39 |
| 52349HBE2 | LEE County Housing Finance Authority | LEEMFH | 5.5 | 07/01/2028 | 3,500,000.00 | 3,505,404.00 | 0.39 |
| 151145B99 | Celina Independent School District | CEASCD | 5.25 | 02/15/2055 | 3,300,000.00 | 3,541,370.00 | 0.39 |
| 19277TAA0 | CITY Of Colby Ks | CLBMED | 5.5 | 07/01/2026 | 3,500,000.00 | 3,501,658.00 | 0.39 |
| 190813SZ9 | COBB County Kennestone Hospital Authorit | COBMED | 4.0 | 04/01/2052 | 4,000,000.00 | 3,463,226.00 | 0.38 |
| 167505QY5 | Chicago Board Of Education | CHIEDU | 7.0 | 12/01/2044 | 3,390,000.00 | 3,398,228.00 | 0.38 |
| 012432EU0 | Albany Capital Resource Corp | ALBRES | 5.5 | 05/01/2055 | 3,250,000.00 | 3,484,290.00 | 0.38 |
| 63608TAB6 | NEW Hampshire Business Finance Authority | NFAGEN | 5.25 | 12/01/2035 | 3,400,000.00 | 3,399,993.00 | 0.38 |
| 63608TAC4 | NEW Hampshire Business Finance Authority | NFAGEN | 5.38 | 12/15/2035 | 3,400,000.00 | 3,397,303.00 | 0.37 |
| 63608SAM4 | NEW Hampshire Business Finance Authority | NFADEV | 4.0 | 01/01/2051 | 4,105,000.00 | 3,362,456.00 | 0.37 |
| 650116CQ7 | NEW York Transportation Development Corp | NYTTRN | 4.0 | 01/01/2036 | 3,475,000.00 | 3,345,931.00 | 0.37 |
| 364568JL0 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 6.0 | 08/01/2043 | 3,060,000.00 | 3,393,469.00 | 0.37 |
| 13050WAB7 | California Municipal Finance Authority | CASMFH | 3.44 | 02/20/2041 | 3,733,697.00 | 3,306,376.00 | 0.36 |
| 63607DAB2 | NEW Hampshire Business Finance Authority | NFAHSG | 4.15 | 10/20/2040 | 3,181,654.00 | 3,218,405.00 | 0.36 |
| 64542QCK7 | NEW Hope Cultural Education Facilities F | NHPFAC | 4.0 | 08/15/2056 | 4,455,000.00 | 3,266,741.00 | 0.36 |
| 63608TAM2 | NEW Hampshire Business Finance Authority | NFAGEN | — | 12/01/2031 | 4,500,000.00 | 3,174,385.00 | 0.35 |
| 650116HX7 | NEW York Transportation Development Corp | NYTTRN | — | 12/31/2054 | 5,000,000.00 | 3,207,149.00 | 0.35 |
| 650116JQ0 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 06/30/2059 | 3,000,000.00 | 3,184,970.00 | 0.35 |
| 09182TEV5 | Black Belt Energy Gas District | BBEUTL | 5.25 | 05/01/2056 | 3,000,000.00 | 3,137,154.00 | 0.35 |
| 09182TAW7 | Black Belt Energy Gas District | BBEUTL | 4.0 | 12/01/2052 | 3,185,000.00 | 3,206,726.00 | 0.35 |
| 1675934S8 | Chicago O'hare International Airport | CHITRN | 5.5 | 01/01/2053 | 3,000,000.00 | 3,153,877.00 | 0.35 |
| 97712JKM4 | Wisconsin Health & Educational Facilitie | WISMED | 5.5 | 02/15/2054 | 3,000,000.00 | 3,169,562.00 | 0.35 |
| 93978LHF6 | Washington State Housing Finance Commiss | WASHSG | 5.5 | 07/01/2049 | 3,000,000.00 | 3,105,632.00 | 0.34 |
| 09182TEC7 | Black Belt Energy Gas District | BBEUTL | 5.0 | 10/01/2055 | 2,800,000.00 | 3,040,517.00 | 0.34 |
| 009730PW6 | Akron Bath Copley Joint Township Hospita | AKRMED | 3.0 | 11/15/2040 | 3,000,000.00 | 3,082,415.00 | 0.34 |
| 13048VQ27 | California Municipal Finance Authority | CASFIN | 6.0 | 01/01/2039 | 3,000,000.00 | 3,080,220.00 | 0.34 |
| 254842AK3 | District Of Columbia Tobacco Settlement | DISGEN | 6.75 | 05/15/2040 | 3,000,000.00 | 3,086,477.00 | 0.34 |
| 64542PGQ2 | NEW Hope Cultural Education Facilities F | NHPFAC | 6.5 | 07/01/2056 | 3,300,000.00 | 3,099,840.00 | 0.34 |
| 63607WBK9 | NEW Hampshire Business Finance Authority | NFADEV | 5.15 | 09/28/2037 | 3,000,000.00 | 3,065,256.00 | 0.34 |
| 60527MBA6 | Mississippi Business Finance Corp | MSSDEV | 5.0 | 02/01/2036 | 3,000,000.00 | 3,065,351.00 | 0.34 |
| 492436AZ3 | Kerrville Health Facilities Development | KRVMED | 5.0 | 08/15/2035 | 3,000,000.00 | 3,001,559.00 | 0.33 |
| 650116AR7 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 07/01/2046 | 2,995,000.00 | 2,986,685.00 | 0.33 |
| 240471PD8 | Dekalb County Housing Authority | DEKMFH | 4.0 | 12/01/2033 | 3,000,000.00 | 3,014,993.00 | 0.33 |
| 452152E56 | State Of Illinois | ILS | 4.0 | 06/01/2036 | 3,000,000.00 | 3,006,978.00 | 0.33 |
| 167486E39 | CITY Of Chicago Il | CHI | 5.5 | 01/01/2049 | 3,000,000.00 | 2,974,016.00 | 0.33 |
| 804828AC5 | Savannah Georgia Convention Center Autho | SGCFAC | 5.25 | 06/01/2061 | 3,000,000.00 | 3,012,167.00 | 0.33 |
| 837031H71 | South Carolina Jobs-economic Development | SCSDEV | 6.88 | 03/01/2065 | 3,000,000.00 | 2,994,464.00 | 0.33 |
| 452153JV2 | State Of Illinois | ILS | 5.0 | 05/01/2038 | 2,625,000.00 | 2,882,081.00 | 0.32 |
| 261333HJ0 | Doylestown Hospital Authority | DOYMED | 5.38 | 07/01/2039 | 2,575,000.00 | 2,902,074.00 | 0.32 |
| 63608TAD2 | NEW Hampshire Business Finance Authority | NFAGEN | 5.13 | 12/15/2030 | 2,851,000.00 | 2,855,604.00 | 0.32 |
| 60528AAS3 | Mississippi Business Finance Corp | MSSDEV | 3.9 | 12/01/2030 | 2,800,000.00 | 2,800,000.00 | 0.31 |
| 67760HKB6 | OHIO Turnpike & Infrastructure Commissio | OHSTRN | — | 02/15/2040 | 5,135,000.00 | 2,803,476.00 | 0.31 |
| 71781PBL3 | Philadelphia Authority For Industrial De | PHIMED | 6.63 | 06/01/2050 | 2,795,000.00 | 2,758,215.00 | 0.30 |
| 74442PB53 | Public Finance Authority | PUBGEN | 9.0 | 11/01/2028 | 2,600,000.00 | 2,717,488.00 | 0.30 |
| 63610CAA1 | NEW Hampshire Business Finance Authority | NHAMFH | 5.75 | 04/28/2042 | 2,500,000.00 | 2,725,737.00 | 0.30 |
| 36005FGE9 | Development Authority For Fulton County | FULDEV | 4.0 | 07/01/2049 | 3,000,000.00 | 2,703,413.00 | 0.30 |
| 14054YAD3 | Capital Trust Authority | CTSEDU | 5.0 | 06/01/2064 | 3,000,000.00 | 2,691,575.00 | 0.30 |
| 167593M74 | Chicago O'hare International Airport | CHITRN | 4.0 | 01/01/2053 | 3,005,000.00 | 2,746,408.00 | 0.30 |
| 14052WDK0 | Capital Trust Agency Inc | CPTGEN | 5.0 | 01/01/2055 | 3,000,000.00 | 2,593,823.00 | 0.29 |
| 45204FHU2 | Illinois Finance Authority | ILSGEN | 5.0 | 05/15/2051 | 3,000,000.00 | 2,648,731.00 | 0.29 |
| 63607DAF3 | NEW Hampshire Business Finance Authority | NFAHSG | 5.15 | 06/20/2041 | 2,496,898.00 | 2,635,788.00 | 0.29 |
| 735389W38 | PORT Of Seattle Wa | PTSGEN | 5.5 | 08/01/2047 | 2,490,000.00 | 2,626,989.00 | 0.29 |
| 74446DAQ1 | Public Finance Authority | PUBFAC | 7.0 | 09/01/2054 | 2,500,000.00 | 2,637,554.00 | 0.29 |
| 74442PD69 | Public Finance Authority | PUBGEN | 5.63 | 12/15/2030 | 2,514,643.00 | 2,522,418.00 | 0.28 |
| 804828AY7 | Savannah Georgia Convention Center Autho | SGCFAC | 5.0 | 06/01/2058 | 2,500,000.00 | 2,553,922.00 | 0.28 |
| 74442PB61 | Public Finance Authority | PUBGEN | 10.0 | 11/01/2038 | 2,285,000.00 | 2,574,993.00 | 0.28 |
| 67868WAD1 | Oklahoma County Finance Authority | OKSGEN | 6.5 | 06/15/2064 | 2,500,000.00 | 2,538,008.00 | 0.28 |
| 68450LGN9 | Orange County Health Facilities Authorit | ORAMED | 4.0 | 08/01/2047 | 3,000,000.00 | 2,567,516.00 | 0.28 |
| 650116CZ7 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 10/01/2040 | 2,500,000.00 | 2,549,984.00 | 0.28 |
| 63608TAS9 | NEW Hampshire Business Finance Authority | NFAGEN | 5.88 | 12/15/2033 | 2,500,000.00 | 2,517,876.00 | 0.28 |
| 56042CAY1 | Finance Authority Of Maine | MESPOL | 4.63 | 12/01/2047 | 2,600,000.00 | 2,577,715.00 | 0.28 |
| 55374SAC4 | M-s-r Energy Authority | MSRPWR | 6.5 | 11/01/2039 | 2,060,000.00 | 2,564,770.00 | 0.28 |
| 452152U25 | State Of Illinois | ILS | 5.0 | 12/01/2039 | 2,500,000.00 | 2,576,099.00 | 0.28 |
| 19648FRW6 | Colorado Health Facilities Authority | COSMED | 4.0 | 12/01/2050 | 3,100,000.00 | 2,572,648.00 | 0.28 |
| 14055AAE2 | Capital Trust Authority | CTSGEN | 6.88 | 12/01/2044 | 2,500,000.00 | 2,530,077.00 | 0.28 |
| 167486XF1 | CITY Of Chicago Il | CHI | 5.0 | 01/01/2038 | 2,500,000.00 | 2,499,660.00 | 0.28 |
| 13013JHD1 | California Community Choice Financing Au | CCEDEV | 5.0 | 12/01/2055 | 2,250,000.00 | 2,412,877.00 | 0.27 |
| 213187EH6 | COOK County Community College District N | COOHGR | 5.0 | 12/01/2042 | 2,315,000.00 | 2,428,876.00 | 0.27 |
| 452153FL8 | State Of Illinois | ILS | 5.5 | 05/01/2047 | 2,300,000.00 | 2,420,536.00 | 0.27 |
| 65821DXS5 | North Carolina Medical Care Commission | NCSMED | 5.0 | 10/01/2050 | 2,555,000.00 | 2,487,866.00 | 0.27 |
| 64971XNP9 | NEW York City Transitional Finance Autho | NYCGEN | 3.0 | 11/01/2047 | 3,200,000.00 | 2,449,973.00 | 0.27 |
| 852640AC5 | Stamford Housing Authority | STMHSG | 4.25 | 10/01/2030 | 2,400,000.00 | 2,411,866.00 | 0.27 |
| 74447TAF9 | Public Finance Authority | PUBFAC | 5.38 | 12/15/2032 | 2,426,000.00 | 2,425,928.00 | 0.27 |
| 92708FAH1 | Village Community Development District N | VILDEV | 4.25 | 05/01/2043 | 2,580,000.00 | 2,384,226.00 | 0.26 |
| 38122NB84 | Golden State Tobacco Securitization Corp | GLDGEN | — | 06/01/2066 | 22,000,000.00 | 2,334,661.00 | 0.26 |
| 353187EF0 | County Of Franklin Oh | FRAMED | 4.0 | 05/15/2047 | 2,500,000.00 | 2,313,327.00 | 0.26 |
| 249182QU3 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2042 | 2,105,000.00 | 2,295,493.00 | 0.25 |
| 3137HDJL5 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.56 | 04/01/2042 | 2,250,368.00 | 2,287,457.00 | 0.25 |
| 167505WB8 | Chicago Board Of Education | CHIEDU | 5.0 | 12/01/2046 | 2,470,000.00 | 2,235,562.00 | 0.25 |
| 64578CBW0 | NEW Jersey Economic Development Authorit | NJSDEV | 5.63 | 11/15/2030 | 2,275,000.00 | 2,277,239.00 | 0.25 |
| 64990AYA7 | NEW York State Dormitory Authority | NYSHGR | 5.25 | 03/15/2050 | 2,125,000.00 | 2,286,421.00 | 0.25 |
| 646140JD6 | NEW Jersey Turnpike Authority | NJSTRN | 5.25 | 01/01/2050 | 2,000,000.00 | 2,166,168.00 | 0.24 |
| 646140JF1 | NEW Jersey Turnpike Authority | NJSTRN | 5.25 | 01/01/2055 | 2,000,000.00 | 2,152,434.00 | 0.24 |
| 64972JTU2 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 05/01/2053 | 2,000,000.00 | 2,174,997.00 | 0.24 |
| 71885FDK0 | Industrial Development Authority Of The | PHOEDU | 5.0 | 07/01/2044 | 2,250,000.00 | 2,214,049.00 | 0.24 |
| 167505TG1 | Chicago Board Of Education | CHIEDU | 5.0 | 12/01/2034 | 2,155,000.00 | 2,169,059.00 | 0.24 |
| 154871CW5 | Central Plains Energy Project | CENPWR | 5.0 | 05/01/2054 | 2,000,000.00 | 2,141,741.00 | 0.24 |
| 165588FP4 | Chester County Industrial Development Au | CHEDEV | 5.0 | 03/01/2027 | 2,140,000.00 | 2,157,620.00 | 0.24 |
| 041806L73 | Arlington Higher Education Finance Corp | ARLEDU | 4.0 | 08/15/2046 | 2,705,000.00 | 2,200,599.00 | 0.24 |
| 25483VVQ4 | District Of Columbia | DISREV | 5.0 | 07/01/2054 | 2,150,000.00 | 2,144,712.00 | 0.24 |
| 34061UGS1 | Florida Development Finance Corp | FLSDEV | 4.0 | 07/01/2055 | 2,665,000.00 | 2,140,899.00 | 0.24 |
| 43233KAW4 | Hillsborough County Industrial Developme | HILMEC | 5.5 | 11/15/2054 | 2,000,000.00 | 2,149,878.00 | 0.24 |
| 88256RAK2 | Texas Municipal Gas Acquisition & Supply | TXSUTL | 5.0 | 01/01/2055 | 2,000,000.00 | 2,174,434.00 | 0.24 |
| 74529JRH0 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | 4.33 | 07/01/2040 | 2,229,000.00 | 2,170,157.00 | 0.24 |
| 84136HCP6 | Southeast Energy Authority A Cooperative | SEEPWR | 5.0 | 09/01/2035 | 2,000,000.00 | 2,215,325.00 | 0.24 |
| 83704MBV7 | South Carolina Jobs-economic Development | SCSEDU | 4.0 | 06/01/2056 | 3,150,000.00 | 2,162,811.00 | 0.24 |
| 79575EAS7 | SALT Verde Financial Corp | SLTPWR | 5.0 | 12/01/2037 | 2,000,000.00 | 2,146,288.00 | 0.24 |
| 838810EE5 | CITY Of South Miami Health Facilities Au | SMIMED | 5.0 | 08/15/2047 | 2,105,000.00 | 2,125,529.00 | 0.23 |
| 74448FAA9 | Public Finance Authority | PUBMFH | 6.81 | 04/28/2036 | 2,000,000.00 | 2,054,014.00 | 0.23 |
| 93978T4N6 | Washington State Housing Finance Commiss | WASHSG | 1.45 | 04/20/2037 | 21,453,329.00 | 2,097,307.00 | 0.23 |
| 45528U6Y2 | Indianapolis Local Public Improvement Bo | INPGEN | 6.13 | 03/01/2057 | 2,000,000.00 | 2,107,906.00 | 0.23 |
| 167593X98 | Chicago O'hare International Airport | CHITRN | 5.5 | 01/01/2053 | 2,000,000.00 | 2,084,845.00 | 0.23 |
| 190782AS1 | Development Authority Of Cobb County/the | COBEDU | 6.25 | 06/01/2064 | 2,000,000.00 | 2,056,220.00 | 0.23 |
| 68450LJQ9 | Orange County Health Facilities Authorit | ORAMED | 5.25 | 10/01/2056 | 2,000,000.00 | 2,103,683.00 | 0.23 |
| 64613CEV6 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.25 | 06/15/2041 | 1,815,000.00 | 2,038,913.00 | 0.23 |
| 63608TAV2 | NEW Hampshire Business Finance Authority | NFAGEN | — | 12/15/2033 | 3,360,000.00 | 2,078,549.00 | 0.23 |
| 64578CBU4 | NEW Jersey Economic Development Authorit | NJSDEV | 5.5 | 06/01/2033 | 2,000,000.00 | 2,001,576.00 | 0.22 |
| 59807PAF2 | Midtown Miami Community Development Dist | MDTDEV | 5.0 | 05/01/2037 | 1,980,000.00 | 1,980,053.00 | 0.22 |
| 56681NAN7 | Maricopa County Industrial Development A | MAREDU | 5.0 | 07/01/2035 | 2,000,000.00 | 2,007,363.00 | 0.22 |
| 55374SAB6 | M-s-r Energy Authority | MSRPWR | 7.0 | 11/01/2034 | 1,650,000.00 | 1,981,916.00 | 0.22 |
| 650116CE4 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 01/01/2026 | 2,000,000.00 | 2,002,964.00 | 0.22 |
| 73360CAS3 | PORT Of Beaumont Navigation District | PTBTRN | 10.0 | 07/01/2026 | 2,000,000.00 | 2,009,016.00 | 0.22 |
| 05786PAB9 | Baldwin County Industrial Development Au | BLWPOL | 4.63 | 06/01/2055 | 2,000,000.00 | 2,004,018.00 | 0.22 |
| 474548AC8 | Jefferson Parish Economic Development & | JEFDEV | 5.63 | 06/15/2048 | 2,000,000.00 | 1,962,978.00 | 0.22 |
| 4521525Q0 | State Of Illinois | ILS | 4.0 | 11/01/2035 | 2,000,000.00 | 2,031,873.00 | 0.22 |
| 41154VAK5 | Harbor Point Infrastructure Improvement | HRBIMP | 5.0 | 04/01/2039 | 2,000,000.00 | 2,029,774.00 | 0.22 |
| 4423487S1 | CITY Of Houston Tx Airport System Revenu | HOUAPT | 5.0 | 07/15/2035 | 2,000,000.00 | 1,999,999.00 | 0.22 |
| 3137HASR8 | Freddie Mac Multifamily Ml Certificates | FRETE | 1.44 | 09/01/2037 | 19,347,793.00 | 2,038,251.00 | 0.22 |
| 34061UNJ3 | Florida Development Finance Corp | FLSDEV | 6.0 | 06/15/2055 | 2,000,000.00 | 2,032,511.00 | 0.22 |
| 20775DYW6 | Connecticut State Health & Educational F | CTSHGR | 5.38 | 07/01/2054 | 2,005,000.00 | 1,979,657.00 | 0.22 |
| 2322655S3 | County Of Cuyahoga Oh | CUYMED | 5.25 | 02/15/2047 | 2,000,000.00 | 1,983,885.00 | 0.22 |
| 97712JDT7 | Wisconsin Health & Educational Facilitie | WISMED | 4.0 | 12/01/2056 | 3,100,000.00 | 1,960,320.00 | 0.22 |
| 74528LAC5 | Puerto Rico Industrial Tourist Education | PRCPOL | 6.75 | 01/01/2045 | 1,750,000.00 | 2,001,683.00 | 0.22 |
| 74442PL86 | Public Finance Authority | PUBGEN | 5.0 | 12/15/2036 | 1,910,328.00 | 1,868,970.00 | 0.21 |
| 82170LAB1 | Shelby County Health & Educational Facil | SHEHSG | 5.25 | 06/01/2056 | 2,000,000.00 | 1,888,782.00 | 0.21 |
| 353187BS5 | County Of Franklin Oh | FRAMED | 4.0 | 11/01/2045 | 2,000,000.00 | 1,945,362.00 | 0.21 |
| 34061ULK2 | Florida Development Finance Corp | FLSDEV | 6.0 | 08/15/2057 | 2,000,000.00 | 1,947,692.00 | 0.21 |
| 04052BRH9 | Arizona Industrial Development Authority | AZSEDU | 4.5 | 07/15/2029 | 2,000,000.00 | 1,933,951.00 | 0.21 |
| 121342PM5 | Development Authority Of Burke County/th | BURPOL | 4.13 | 11/01/2045 | 2,000,000.00 | 1,895,119.00 | 0.21 |
| 66585VBX2 | Northern Tobacco Securitization Corp | NRTFAC | 4.0 | 06/01/2041 | 2,000,000.00 | 1,938,121.00 | 0.21 |
| 524309AC5 | CITY Of Lees Summit Mo | LEEGEN | 4.88 | 11/01/2037 | 2,000,000.00 | 1,898,406.00 | 0.21 |
| 499527DD8 | KNOX County Health Educational & Housing | KNOMED | 4.0 | 11/15/2048 | 2,170,000.00 | 1,926,167.00 | 0.21 |
| 60637AHZ8 | Health & Educational Facilities Authorit | MOSMED | 4.0 | 01/01/2045 | 2,010,000.00 | 1,876,563.00 | 0.21 |
| 63607WBP8 | NEW Hampshire Business Finance Authority | NFADEV | 4.22 | 11/20/2042 | 1,996,581.00 | 1,876,162.00 | 0.21 |
| 63607WAV6 | NEW Hampshire Business Finance Authority | NFA | 0.51 | 08/01/2039 | 46,055,246.00 | 1,817,980.00 | 0.20 |
| 70342PAN4 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 10/01/2054 | 1,675,000.00 | 1,817,905.00 | 0.20 |
| 04780MX87 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2049 | 1,750,000.00 | 1,836,446.00 | 0.20 |
| 01068LAU4 | Alachua County Housing Finance Authority | ALAMFH | 4.9 | 07/01/2029 | 1,850,000.00 | 1,855,350.00 | 0.20 |
| 34061UFC7 | Florida Development Finance Corp | FLSDEV | 5.0 | 09/15/2050 | 2,000,000.00 | 1,788,497.00 | 0.20 |
| 93978TS59 | Washington State Housing Finance Commiss | WSHFC | 3.5 | 12/01/2035 | 1,864,302.00 | 1,813,108.00 | 0.20 |
| 85950TAA5 | Sterling Ranch Community Authority Board | STRDEV | 5.63 | 12/01/2043 | 1,700,000.00 | 1,718,146.00 | 0.19 |
| 837123HN1 | South Carolina Ports Authority | SCSTRN | 4.0 | 07/01/2055 | 2,000,000.00 | 1,712,136.00 | 0.19 |
| 74528LAD3 | Puerto Rico Industrial Tourist Education | PRCPOL | 6.75 | 01/01/2046 | 1,515,000.00 | 1,722,971.00 | 0.19 |
| 3137H9JP5 | Freddie Mac Multifamily Ml Certificates | FRETE | 0.96 | 07/01/2036 | 31,823,404.00 | 1,717,706.00 | 0.19 |
| 442349HY5 | CITY Of Houston Tx Airport System Revenu | HOUAPT | 5.5 | 07/15/2038 | 1,600,000.00 | 1,716,857.00 | 0.19 |
| 006114AD4 | Adams County General Authority | ADMGEN | 5.0 | 06/01/2054 | 1,750,000.00 | 1,734,235.00 | 0.19 |
| 13048VXK9 | California Municipal Finance Authority | CASFIN | 4.0 | 10/01/2049 | 2,000,000.00 | 1,721,860.00 | 0.19 |
| 19645UTM6 | Colorado Educational & Cultural Faciliti | COSEDU | 4.25 | 01/15/2064 | 2,000,000.00 | 1,765,236.00 | 0.19 |
| 74442EBX7 | Public Finance Authority | PUBEDU | 5.13 | 06/15/2047 | 2,000,000.00 | 1,703,444.00 | 0.19 |
| 66585VBY0 | Northern Tobacco Securitization Corp | NRTFAC | 4.0 | 06/01/2050 | 2,000,000.00 | 1,697,697.00 | 0.19 |
| 6459182H5 | NEW Jersey Economic Development Authorit | NJSDEV | 6.0 | 10/01/2043 | 1,700,000.00 | 1,702,901.00 | 0.19 |
| 646080ZG9 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2033 | 1,550,000.00 | 1,679,427.00 | 0.19 |
| 646080ZH7 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2034 | 1,550,000.00 | 1,678,037.00 | 0.19 |
| 59447TL76 | Michigan Finance Authority | MISFIN | 4.0 | 06/01/2049 | 2,000,000.00 | 1,739,849.00 | 0.19 |
| 70342PAR5 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 02/01/2054 | 1,500,000.00 | 1,628,307.00 | 0.18 |
| 167562TM9 | Chicago Midway International Airport | CHIAPT | 5.0 | 01/01/2041 | 1,500,000.00 | 1,596,850.00 | 0.18 |
| 45202HAM5 | Illinois Finance Authority | ILSPOL | 7.25 | 09/01/2052 | 1,500,000.00 | 1,629,068.00 | 0.18 |
| 29414WAA6 | EP Tuscany Zaragosa Pfc | EPTMFH | 4.0 | 12/01/2033 | 1,635,000.00 | 1,644,132.00 | 0.18 |
| 79766DWV7 | SAN Francisco City & County Airport Comm | SFOAPT | 5.25 | 05/01/2043 | 1,500,000.00 | 1,632,727.00 | 0.18 |
| 76827QKX0 | River Islands Public Financing Authority | RVIGEN | 4.5 | 09/01/2044 | 1,650,000.00 | 1,615,732.00 | 0.18 |
| 899661EN8 | Tulsa Municipal Airport Trust Trustees/o | TULAPT | 6.25 | 12/01/2040 | 1,500,000.00 | 1,650,127.00 | 0.18 |
| 92415TCB6 | Vermont Economic Development Authority | VTSDEV | 4.0 | 05/01/2045 | 2,025,000.00 | 1,674,675.00 | 0.18 |
| 92707VAP9 | Village Community Development District N | VILDEV | 4.0 | 05/01/2036 | 1,615,000.00 | 1,615,003.00 | 0.18 |
| 92708JAE0 | Village Community Development District N | VILDEV | 5.5 | 05/01/2053 | 1,575,000.00 | 1,608,652.00 | 0.18 |
| 92774NBC3 | Virginia Beach Development Authority | VBHDEV | 7.0 | 09/01/2059 | 1,500,000.00 | 1,632,864.00 | 0.18 |
| 928104NC8 | Virginia Small Business Financing Author | VASDEV | 4.0 | 01/01/2051 | 1,750,000.00 | 1,533,759.00 | 0.17 |
| 93515PEM5 | County Of Warren Oh | WARMED | 5.0 | 07/01/2054 | 1,500,000.00 | 1,502,457.00 | 0.17 |
| 91879VAC2 | VAIL Home Partners Corp | VHPHSG | 6.0 | 10/01/2064 | 1,500,000.00 | 1,524,398.00 | 0.17 |
| 74514L3H8 | Commonwealth Of Puerto Rico | PRC | 5.63 | 07/01/2029 | 1,479,916.00 | 1,572,221.00 | 0.17 |
| 74443CAC7 | Public Finance Authority | PUBFAC | 5.0 | 07/01/2042 | 1,500,000.00 | 1,499,992.00 | 0.17 |
| 74447TAG7 | Public Finance Authority | PUBFAC | 5.75 | 12/15/2033 | 1,500,000.00 | 1,501,620.00 | 0.17 |
| 25483VXQ2 | District Of Columbia | DISREV | 5.0 | 06/01/2040 | 1,500,000.00 | 1,511,010.00 | 0.17 |
| 4423485T1 | CITY Of Houston Tx Airport System Revenu | HOUAPT | 6.63 | 07/15/2038 | 1,500,000.00 | 1,501,915.00 | 0.17 |
| 481367BR0 | Julington Creek Plantation Community Dev | JULDEV | 4.63 | 05/01/2054 | 1,550,000.00 | 1,536,177.00 | 0.17 |
| 167510AA4 | Chicago Board Of Education Dedicated Cap | CHIEDU | 6.0 | 04/01/2046 | 1,500,000.00 | 1,515,076.00 | 0.17 |
| 167505RM0 | Chicago Board Of Education | CHIEDU | 7.0 | 12/01/2046 | 1,500,000.00 | 1,536,115.00 | 0.17 |
| 04052BLS1 | Arizona Industrial Development Authority | AZSEDU | 4.0 | 07/15/2050 | 1,850,000.00 | 1,499,491.00 | 0.17 |
| 700387DM2 | PARK Creek Metropolitan District | PKCGEN | 5.0 | 12/01/2045 | 1,500,000.00 | 1,501,204.00 | 0.17 |
| 74442PD28 | Public Finance Authority | PUBGEN | 5.5 | 11/15/2032 | 1,500,000.00 | 1,496,649.00 | 0.17 |
| 57585BMX3 | Massachusetts Development Finance Agency | MASDEV | 5.25 | 06/01/2065 | 1,500,000.00 | 1,552,318.00 | 0.17 |
| 54640TAK5 | Louisiana Public Facilities Authority | LASFAC | 5.0 | 10/01/2043 | 1,500,000.00 | 1,500,000.00 | 0.17 |
| 499526BK6 | KNOX County Health Educational & Housing | KNOMED | 5.25 | 07/01/2064 | 1,500,000.00 | 1,545,697.00 | 0.17 |
| 64577QAF8 | NEW Jersey Economic Development Authorit | NJSDEV | 5.0 | 06/15/2037 | 1,500,000.00 | 1,501,290.00 | 0.17 |
| 60733UAA9 | Mobile County Industrial Development Aut | MOBPOL | 5.0 | 06/01/2054 | 1,500,000.00 | 1,463,746.00 | 0.16 |
| 544532PR9 | LOS Angeles Department Of Water & Power | LOSUTL | 5.25 | 07/01/2044 | 1,350,000.00 | 1,475,761.00 | 0.16 |
| 70869PPE1 | Pennsylvania Economic Development Financ | PASDEV | 5.25 | 07/01/2046 | 1,430,000.00 | 1,455,262.00 | 0.16 |
| 64972JTV0 | NEW York City Transitional Finance Autho | NYCGEN | 5.25 | 05/01/2055 | 1,380,000.00 | 1,467,355.00 | 0.16 |
| 041807DW5 | Arlington Higher Education Finance Corp | ARLEDU | 6.13 | 02/15/2053 | 1,500,000.00 | 1,432,935.00 | 0.16 |
| 249182QR0 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2040 | 1,270,000.00 | 1,412,053.00 | 0.16 |
| 97712JHF3 | Wisconsin Health & Educational Facilitie | WISMED | 5.0 | 08/01/2027 | 1,400,000.00 | 1,413,691.00 | 0.16 |
| 74442PPU3 | Public Finance Authority | PUBGEN | 5.0 | 01/01/2055 | 1,600,000.00 | 1,385,109.00 | 0.15 |
| 74442PTG0 | Public Finance Authority | PUBGEN | 4.0 | 03/31/2056 | 1,750,000.00 | 1,399,364.00 | 0.15 |
| 837123GL6 | South Carolina Ports Authority | SCSTRN | 4.0 | 07/01/2045 | 1,500,000.00 | 1,373,581.00 | 0.15 |
| 25483VXS8 | District Of Columbia | DISREV | 5.0 | 06/01/2055 | 1,500,000.00 | 1,401,591.00 | 0.15 |
| 041806L65 | Arlington Higher Education Finance Corp | ARLEDU | 4.0 | 08/15/2041 | 1,520,000.00 | 1,337,685.00 | 0.15 |
| 649852AS9 | NEW York State Environmental Facilities | NYSENV | 4.25 | 09/01/2050 | 1,310,000.00 | 1,321,710.00 | 0.15 |
| 74440DEC4 | Kentucky Public Energy Authority | KYSPWR | 5.25 | 04/01/2054 | 1,250,000.00 | 1,367,208.00 | 0.15 |
| 524292BP3 | LEES Summit Industrial Development Autho | LEEFAC | 4.33 | 08/15/2047 | 1,385,000.00 | 1,385,836.00 | 0.15 |
| 605279MK1 | Mississippi Business Finance Corp | MSSDEV | 2.38 | 06/01/2044 | 2,000,000.00 | 1,304,147.00 | 0.14 |
| 63607WAR5 | NEW Hampshire Business Finance Authority | NFADEV | 0.49 | 07/01/2051 | 34,355,205.00 | 1,251,460.00 | 0.14 |
| 63610FBL9 | NEW Hampshire Business Finance Authority | NFADEV | 5.25 | 06/01/2051 | 1,225,000.00 | 1,289,250.00 | 0.14 |
| 63608TAE0 | NEW Hampshire Business Finance Authority | NFAGEN | 5.3 | 12/01/2032 | 1,245,000.00 | 1,247,211.00 | 0.14 |
| 63608TAF7 | NEW Hampshire Business Finance Authority | NFAGEN | 5.0 | 12/01/2028 | 1,250,000.00 | 1,250,727.00 | 0.14 |
| 041807FF0 | Arlington Higher Education Finance Corp | ARLEDU | 5.0 | 08/15/2048 | 1,250,000.00 | 1,293,740.00 | 0.14 |
| 12008ESB3 | Build Nyc Resource Corp | BUIGEN | 5.0 | 06/01/2051 | 1,500,000.00 | 1,226,004.00 | 0.14 |
| 74514L3R6 | Commonwealth Of Puerto Rico | PRC | — | 07/01/2033 | 1,825,625.00 | 1,304,206.00 | 0.14 |
| 751814AA2 | CITY Of Ramsey Mn | RAMEDU | 5.0 | 06/01/2032 | 1,250,000.00 | 1,248,836.00 | 0.14 |
| 74444VBV1 | Public Finance Authority | PUBFIN | 4.0 | 10/01/2051 | 1,500,000.00 | 1,257,376.00 | 0.14 |
| 74448EAA2 | Public Finance Authority | PUBGEN | 5.0 | 06/01/2041 | 1,250,000.00 | 1,264,939.00 | 0.14 |
| 882667CK2 | Texas Private Activity Bond Surface Tran | TXSTRN | 5.5 | 06/30/2041 | 1,190,000.00 | 1,270,628.00 | 0.14 |
| 922907746 | Vanguard Tax-exempt Bond Index Etf | VTEB | — | — | 25,000.00 | 1,263,000.00 | 0.14 |
| 92708EAC5 | Village Community Development District N | VILDEV | 4.5 | 05/01/2045 | 1,220,000.00 | 1,151,437.00 | 0.13 |
| 928104NX2 | Virginia Small Business Financing Author | VASDEV | 4.0 | 01/01/2039 | 1,250,000.00 | 1,207,309.00 | 0.13 |
| 74442PVC6 | Public Finance Authority | PUBGEN | 3.0 | 07/01/2050 | 1,500,000.00 | 1,143,484.00 | 0.13 |
| 74442PJV8 | Public Finance Authority | PUBGEN | 6.38 | 01/01/2048 | 3,000,000.00 | 1,200,000.00 | 0.13 |
| 79041LAP3 | ST Johns County Industrial Development A | STJMED | 4.0 | 12/15/2046 | 1,500,000.00 | 1,180,190.00 | 0.13 |
| 444584AK2 | CITY Of Hugo Mn | HUGEDU | 5.0 | 07/01/2044 | 1,250,000.00 | 1,196,617.00 | 0.13 |
| 74442ECB4 | Public Finance Authority | PUBEDU | 5.0 | 07/01/2047 | 1,200,000.00 | 1,149,733.00 | 0.13 |
| 744396KH4 | Public Finance Authority | PUBEDU | 5.0 | 07/01/2060 | 1,200,000.00 | 1,098,109.00 | 0.12 |
| 70252AAX3 | County Of Pasco Fl | PASGEN | 5.75 | 09/01/2054 | 1,000,000.00 | 1,082,264.00 | 0.12 |
| 646080YV7 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2034 | 1,000,000.00 | 1,085,815.00 | 0.12 |
| 64577QAG6 | NEW Jersey Economic Development Authorit | NJSDEV | 5.13 | 06/15/2043 | 1,100,000.00 | 1,099,914.00 | 0.12 |
| 51265KAW8 | Lakewood Ranch Stewardship District | LKRGEN | 5.13 | 05/01/2046 | 1,100,000.00 | 1,100,042.00 | 0.12 |
| 51265KFJ2 | Lakewood Ranch Stewardship District | LKRGEN | 6.3 | 05/01/2054 | 1,000,000.00 | 1,043,966.00 | 0.12 |
| 54640TAL3 | Louisiana Public Facilities Authority | LASFAC | 6.75 | 10/01/2053 | 1,000,000.00 | 1,076,413.00 | 0.12 |
| 54640TAM1 | Louisiana Public Facilities Authority | LASFAC | 6.5 | 10/01/2053 | 1,000,000.00 | 1,070,123.00 | 0.12 |
| 45201QCY8 | Illinois Educational Facilities Authorit | ILSEDU | 4.45 | 11/01/2036 | 1,075,000.00 | 1,084,839.00 | 0.12 |
| 452153KA6 | State Of Illinois | ILS | 5.25 | 05/01/2043 | 1,000,000.00 | 1,070,748.00 | 0.12 |
| 249182VE3 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2043 | 1,000,000.00 | 1,095,463.00 | 0.12 |
| 2510936E5 | CITY Of Detroit Mi | DET | 6.0 | 05/01/2043 | 1,000,000.00 | 1,109,816.00 | 0.12 |
| 295095BC6 | ERIE Tobacco Asset Securitization Corp | ERIGEN | — | 06/01/2047 | 5,000,000.00 | 1,106,213.00 | 0.12 |
| 04780MX79 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2044 | 1,000,000.00 | 1,072,462.00 | 0.12 |
| 155498FP8 | Central Texas Regional Mobility Authorit | CTXGEN | 4.0 | 01/01/2041 | 1,100,000.00 | 1,065,830.00 | 0.12 |
| 1675934E9 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2042 | 1,000,000.00 | 1,069,439.00 | 0.12 |
| 1675934F6 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2043 | 1,000,000.00 | 1,059,949.00 | 0.12 |
| 1675934P4 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2043 | 1,000,000.00 | 1,074,140.00 | 0.12 |
| 790103AV7 | Parish Of St James La | STJGEN | 6.35 | 07/01/2040 | 1,000,000.00 | 1,084,385.00 | 0.12 |
| 74514L3N5 | Commonwealth Of Puerto Rico | PRC | 4.0 | 07/01/2041 | 1,163,593.00 | 1,064,700.00 | 0.12 |
| 74514L3P0 | Commonwealth Of Puerto Rico | PRC | 4.0 | 07/01/2046 | 1,210,119.00 | 1,049,774.00 | 0.12 |
| 87638RFP7 | Tarrant County Cultural Education Facili | TAREDU | 5.0 | 11/15/2040 | 1,100,000.00 | 1,097,268.00 | 0.12 |
| 74514L3K1 | Commonwealth Of Puerto Rico | PRC | 4.0 | 07/01/2033 | 1,109,348.00 | 1,094,564.00 | 0.12 |
| 74514L3L9 | Commonwealth Of Puerto Rico | PRC | 4.0 | 07/01/2035 | 1,129,156.00 | 1,105,990.00 | 0.12 |
| 896032BD0 | Triborough Bridge & Tunnel Authority | TRBGEN | 5.5 | 12/01/2059 | 1,000,000.00 | 1,079,373.00 | 0.12 |
| 92028RAD7 | CITY Of Valparaiso In | VLPFAC | 4.5 | 01/01/2034 | 1,055,000.00 | 1,101,407.00 | 0.12 |
| 92708HAM6 | Village Community Development District N | VILDEV | 2.55 | 05/01/2031 | 1,185,000.00 | 1,119,803.00 | 0.12 |
| 93978HKJ3 | Washington Health Care Facilities Author | WASMED | 5.0 | 07/01/2038 | 1,100,000.00 | 1,100,381.00 | 0.12 |
| 944514U89 | Wayne County Airport Authority | WAYAPT | 5.75 | 12/01/2050 | 1,000,000.00 | 1,097,558.00 | 0.12 |
| 92028RAF2 | CITY Of Valparaiso In | VLPFAC | 5.0 | 01/01/2054 | 1,000,000.00 | 973,108.00 | 0.11 |
| 899530BA6 | Tulsa County Industrial Authority | TULIND | 5.25 | 11/15/2045 | 1,025,000.00 | 1,010,481.00 | 0.11 |
| 928104QL5 | Virginia Small Business Financing Author | VASDEV | 5.0 | 12/31/2057 | 1,000,000.00 | 976,705.00 | 0.11 |
| 939783Q74 | Washington State Housing Finance Commiss | WASHSG | 5.0 | 07/01/2048 | 1,000,000.00 | 992,814.00 | 0.11 |
| 873816AR3 | Tahoe-douglas Visitors Authority | TADDEV | 5.0 | 07/01/2040 | 1,000,000.00 | 1,018,112.00 | 0.11 |
| 85950NAM2 | Sterling Ranch Community Authority Board | STRDEV | 4.25 | 12/01/2050 | 1,000,000.00 | 1,019,971.00 | 0.11 |
| 773008AR8 | Development Authority Of Rockdale County | ROCDEV | 4.0 | 01/01/2038 | 1,000,000.00 | 1,000,764.00 | 0.11 |
| 791524BU4 | ST Louis County Industrial Development A | STLDEV | 5.88 | 09/01/2043 | 1,000,000.00 | 1,000,519.00 | 0.11 |
| 79307RAB0 | ST Paul Port Authority | STPPOL | 4.5 | 10/01/2037 | 1,000,000.00 | 984,241.00 | 0.11 |
| 19645RB42 | Colorado Educational & Cultural Faciliti | COSEDU | 5.0 | 12/15/2045 | 1,000,000.00 | 970,539.00 | 0.11 |
| 167590FA1 | Chicago O'hare International Airport | CHITRN | 5.0 | 07/01/2048 | 1,000,000.00 | 986,669.00 | 0.11 |
| 16532RAS2 | CITY Of Chesapeake Va Chesapeake Express | CHETRN | 4.88 | 07/15/2040 | 1,000,000.00 | 1,024,160.00 | 0.11 |
| 167505QP4 | Chicago Board Of Education | CHIEDU | 5.25 | 12/01/2035 | 1,015,000.00 | 1,014,928.00 | 0.11 |
| 04052BAN4 | Arizona Industrial Development Authority | AZSEDU | 5.38 | 07/01/2050 | 1,000,000.00 | 989,962.00 | 0.11 |
| 13078RGJ3 | California Statewide Communities Develop | CASDEV | 5.0 | 05/15/2040 | 1,030,000.00 | 1,034,182.00 | 0.11 |
| 29416AAA2 | EP Essential Housing Wf Pfc | EPEHSG | 4.25 | 12/01/2034 | 1,000,000.00 | 1,010,646.00 | 0.11 |
| 34061UFY9 | Florida Development Finance Corp | FLSDEV | 5.0 | 06/15/2055 | 1,000,000.00 | 961,609.00 | 0.11 |
| 240471PE6 | Dekalb County Housing Authority | DEKMFH | 4.0 | 03/01/2034 | 1,000,000.00 | 1,003,448.00 | 0.11 |
| 414189AK6 | Harris County Industrial Development Cor | HARTRN | 4.05 | 11/01/2050 | 1,000,000.00 | 1,031,707.00 | 0.11 |
| 56042CAZ8 | Finance Authority Of Maine | MESPOL | 5.0 | 08/01/2035 | 1,000,000.00 | 1,021,268.00 | 0.11 |
| 52349EER7 | LEE County Industrial Development Author | LEEMED | 4.75 | 11/15/2029 | 1,000,000.00 | 1,009,072.00 | 0.11 |
| 51265KBB3 | Lakewood Ranch Stewardship District | LKRGEN | 5.38 | 05/01/2047 | 1,000,000.00 | 1,000,068.00 | 0.11 |
| 51265KBT4 | Lakewood Ranch Stewardship District | LKRGEN | 5.45 | 05/01/2048 | 1,000,000.00 | 1,001,296.00 | 0.11 |
| 60635H3C1 | Health & Educational Facilities Authorit | MOSMED | 4.0 | 02/01/2042 | 1,115,000.00 | 1,009,290.00 | 0.11 |
| 650116CW4 | NEW York Transportation Development Corp | NYTTRN | 5.38 | 08/01/2036 | 1,000,000.00 | 1,038,602.00 | 0.11 |
| 67759YAQ0 | State Of Ohio | OHSGEN | 5.0 | 06/30/2053 | 1,000,000.00 | 1,000,011.00 | 0.11 |
| 650116CK0 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 01/01/2031 | 1,000,000.00 | 1,020,142.00 | 0.11 |
| 72818QAX1 | Plaza Metropolitan District No 1 | PLZGEN | 5.0 | 12/01/2040 | 1,000,000.00 | 999,989.00 | 0.11 |
| 71885FDP9 | Industrial Development Authority Of The | PHOEDU | 5.0 | 07/01/2045 | 1,000,000.00 | 965,578.00 | 0.11 |
| 71885FEB9 | Industrial Development Authority Of The | PHOEDU | 5.0 | 07/01/2046 | 1,000,000.00 | 958,218.00 | 0.11 |
| 744396JZ6 | Public Finance Authority | PUBEDU | 5.25 | 06/15/2054 | 1,000,000.00 | 1,007,354.00 | 0.11 |
| 735385AC0 | PORT Of Seattle Industrial Development C | PTSDEV | 5.0 | 04/01/2030 | 1,000,000.00 | 1,000,075.00 | 0.11 |
| 738222AF5 | Pottsboro Higher Education Finance Corp | PTDHGR | 5.0 | 08/15/2046 | 1,000,000.00 | 943,417.00 | 0.10 |
| 67754AAE4 | OHIO Air Quality Development Authority | OHSDEV | 4.5 | 01/15/2048 | 1,000,000.00 | 915,237.00 | 0.10 |
| 64971PKL8 | NEW York City Industrial Development Age | NYCDEV | 4.0 | 03/01/2045 | 1,000,000.00 | 906,010.00 | 0.10 |
| 63607WBE3 | NEW Hampshire Business Finance Authority | NFADEV | 4.17 | 01/20/2041 | 994,950.00 | 937,504.00 | 0.10 |
| 63608TAA8 | NEW Hampshire Business Finance Authority | NFAGEN | 4.88 | 12/01/2033 | 900,000.00 | 900,189.00 | 0.10 |
| 51265KAT5 | Lakewood Ranch Stewardship District | LKRGEN | 4.88 | 05/01/2045 | 1,000,000.00 | 934,047.00 | 0.10 |
| 56681NAT4 | Maricopa County Industrial Development A | MAREDU | 5.0 | 07/01/2047 | 1,000,000.00 | 944,997.00 | 0.10 |
| 57585BBU1 | Massachusetts Development Finance Agency | MASDEV | 5.0 | 07/01/2060 | 1,000,000.00 | 906,730.00 | 0.10 |
| 469400EL5 | CITY Of Jacksonville Fl | JACMED | 4.0 | 11/01/2045 | 1,000,000.00 | 903,248.00 | 0.10 |
| 246372BC9 | Delaware State Economic Development Auth | DESEDU | 4.0 | 06/01/2052 | 1,250,000.00 | 949,632.00 | 0.10 |
| 19648FSV7 | Colorado Health Facilities Authority | COSMED | 4.0 | 01/01/2042 | 1,000,000.00 | 880,120.00 | 0.10 |
| 14052WDN4 | Capital Trust Agency Inc | CPTGEN | 5.0 | 07/01/2056 | 1,000,000.00 | 889,786.00 | 0.10 |
| 12008HAC3 | Build Nyc Resource Corp | BUIUTL | 5.0 | 01/01/2035 | 900,000.00 | 900,655.00 | 0.10 |
| 118217CX4 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 4.0 | 06/01/2048 | 1,000,000.00 | 870,000.00 | 0.10 |
| 13016NEZ3 | California County Tobacco Securitization | CASGEN | 4.0 | 06/01/2049 | 1,000,000.00 | 879,475.00 | 0.10 |
| 16772PCC8 | Chicago Transit Authority Sales Tax Rece | CHITRN | 4.0 | 12/01/2050 | 1,000,000.00 | 888,481.00 | 0.10 |
| 19645RYX3 | Colorado Educational & Cultural Faciliti | COSEDU | 5.0 | 11/01/2044 | 885,000.00 | 884,967.00 | 0.10 |
| 786071RC6 | CITY Of Sacramento Ca | SACGEN | 4.0 | 09/01/2050 | 1,000,000.00 | 861,110.00 | 0.10 |
| 87972MBD3 | Tempe Industrial Development Authority | TEMDEV | 5.0 | 12/01/2050 | 1,045,000.00 | 946,036.00 | 0.10 |
| 74442PCQ6 | Public Finance Authority | PUBGEN | 5.13 | 06/01/2048 | 1,000,000.00 | 937,833.00 | 0.10 |
| 92415TCA8 | Vermont Economic Development Authority | VTSDEV | 4.0 | 05/01/2037 | 1,000,000.00 | 916,985.00 | 0.10 |
| 922687AH1 | CITY Of Venice Fl | VEN | 4.25 | 01/01/2030 | 900,000.00 | 885,513.00 | 0.10 |
| 880397CF9 | Tennergy Corp/tn | TGYPWR | 5.5 | 10/01/2053 | 850,000.00 | 905,542.00 | 0.10 |
| 91282CLP4 | United States Treasury Note/bond | T | 3.5 | 09/30/2026 | 905,000.00 | 902,914.00 | 0.10 |
| 92708HAK0 | Village Community Development District N | VILDEV | 3.5 | 05/01/2051 | 1,165,000.00 | 848,120.00 | 0.09 |
| 74514L3M7 | Commonwealth Of Puerto Rico | PRC | 4.0 | 07/01/2037 | 855,822.00 | 816,910.00 | 0.09 |
| 87972MBU5 | Tempe Industrial Development Authority | TEMDEV | 4.0 | 12/01/2056 | 1,000,000.00 | 770,784.00 | 0.09 |
| 167736U96 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.25 | 11/01/2053 | 750,000.00 | 782,974.00 | 0.09 |
| 14052WBB2 | Capital Trust Agency Inc | CPTGEN | 5.35 | 07/01/2029 | 815,000.00 | 816,201.00 | 0.09 |
| 084220AC6 | County Of Berkeley Sc | BERGEN | 4.38 | 11/01/2049 | 1,000,000.00 | 840,639.00 | 0.09 |
| 47029WED5 | James City County Economic Development A | JAMDEV | 4.0 | 12/01/2050 | 1,000,000.00 | 793,641.00 | 0.09 |
| 35571LCE6 | County Of Frederick Md | FREGEN | 4.0 | 07/01/2050 | 975,000.00 | 845,994.00 | 0.09 |
| 378287BA3 | Glendale Industrial Development Authorit | GLEDEV | 5.0 | 05/15/2056 | 1,000,000.00 | 848,054.00 | 0.09 |
| 51265KCX4 | Lakewood Ranch Stewardship District | LKRGEN | 4.0 | 05/01/2050 | 1,000,000.00 | 805,714.00 | 0.09 |
| 42727TAT7 | Heritage Ridge Metropolitan District | HRIFAC | 4.0 | 12/01/2051 | 850,000.00 | 803,601.00 | 0.09 |
| 51434NAT5 | Lancaster Industrial Development Authori | LANMED | 4.0 | 07/01/2056 | 1,000,000.00 | 818,292.00 | 0.09 |
| 63607YAJ9 | NEW Hampshire Business Finance Authority | NFADEV | 3.75 | 07/01/2045 | 1,000,000.00 | 799,304.00 | 0.09 |
| 74442EEY2 | Public Finance Authority | PUBEDU | 5.0 | 06/15/2049 | 1,000,000.00 | 826,152.00 | 0.09 |
| 74442PD51 | Public Finance Authority | PUBGEN | 5.0 | 07/15/2030 | 704,783.00 | 710,795.00 | 0.08 |
| 64577XFB7 | NEW Jersey Economic Development Authorit | NJSDEV | 5.25 | 06/15/2039 | 675,000.00 | 766,384.00 | 0.08 |
| 59447TL92 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2049 | 680,000.00 | 685,005.00 | 0.08 |
| 246372BB1 | Delaware State Economic Development Auth | DESEDU | 4.0 | 06/01/2042 | 800,000.00 | 681,499.00 | 0.08 |
| 13059TBU2 | California School Finance Authority | CASSCD | 5.0 | 07/01/2045 | 750,000.00 | 750,928.00 | 0.08 |
| 74529JQF5 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2033 | 1,000,000.00 | 750,051.00 | 0.08 |
| 74442PJU0 | Public Finance Authority | PUBGEN | 6.25 | 01/01/2038 | 1,750,000.00 | 700,000.00 | 0.08 |
| 92708HAE4 | Village Community Development District N | VILDEV | 3.7 | 05/01/2050 | 945,000.00 | 754,722.00 | 0.08 |
| 888804CU3 | Tobacco Securitization Authority Of Sout | TOBGEN | — | 06/01/2054 | 3,000,000.00 | 591,031.00 | 0.07 |
| 97712JDS9 | Wisconsin Health & Educational Facilitie | WISMED | 4.0 | 12/01/2051 | 1,000,000.00 | 661,458.00 | 0.07 |
| 786071RB8 | CITY Of Sacramento Ca | SACGEN | 4.0 | 09/01/2046 | 750,000.00 | 662,485.00 | 0.07 |
| 51265KEN4 | Lakewood Ranch Stewardship District | LKRGEN | 4.0 | 05/01/2050 | 750,000.00 | 602,082.00 | 0.07 |
| 650116CV6 | NEW York Transportation Development Corp | NYTTRN | 5.25 | 08/01/2031 | 615,000.00 | 640,580.00 | 0.07 |
| 65820YTA4 | North Carolina Medical Care Commission | NCSMED | 3.75 | 10/01/2028 | 525,000.00 | 525,111.00 | 0.06 |
| 649852AT7 | NEW York State Environmental Facilities | NYSENV | 5.13 | 09/01/2050 | 500,000.00 | 521,573.00 | 0.06 |
| 167505VB9 | Chicago Board Of Education | CHIEDU | 5.0 | 12/01/2035 | 500,000.00 | 503,966.00 | 0.06 |
| 167505WK8 | Chicago Board Of Education | CHIEDU | 4.0 | 12/01/2027 | 500,000.00 | 498,542.00 | 0.06 |
| 13016NFC3 | California County Tobacco Securitization | CASGEN | — | 06/01/2055 | 3,000,000.00 | 537,566.00 | 0.06 |
| 246387RS5 | Delaware State Economic Development Auth | DESDEV | 5.0 | 09/01/2046 | 500,000.00 | 500,009.00 | 0.06 |
| 880397BW3 | Tennergy Corp/tn | TGYPWR | 4.0 | 12/01/2051 | 500,000.00 | 508,740.00 | 0.06 |
| 982707AA9 | Wyandotte County-kansas City Unified Gov | WYAGEN | 4.5 | 06/01/2040 | 585,000.00 | 583,324.00 | 0.06 |
| 888794CA0 | Tobacco Securitization Authority Of Nort | TOBGEN | — | 06/01/2060 | 3,500,000.00 | 545,306.00 | 0.06 |
| 882667BV9 | Texas Private Activity Bond Surface Tran | TXSTRN | 4.0 | 06/30/2040 | 600,000.00 | 575,588.00 | 0.06 |
| 92708HAD6 | Village Community Development District N | VILDEV | 3.55 | 05/01/2039 | 475,000.00 | 430,862.00 | 0.05 |
| 34061UGR3 | Florida Development Finance Corp | FLSDEV | 4.0 | 07/01/2045 | 565,000.00 | 479,036.00 | 0.05 |
| 295095BD4 | ERIE Tobacco Asset Securitization Corp | ERIGEN | — | 06/01/2050 | 4,000,000.00 | 484,962.00 | 0.05 |
| 425099AB4 | CITY Of Henderson Ky | HENFAC | 4.7 | 01/01/2052 | 500,000.00 | 458,216.00 | 0.05 |
| 74442PCN3 | Public Finance Authority | PUBGEN | 5.0 | 06/01/2026 | 470,000.00 | 472,812.00 | 0.05 |
| 64542UFM1 | NEW Hope Cultural Education Facilities F | NHPFAC | 4.0 | 11/01/2049 | 500,000.00 | 425,212.00 | 0.05 |
| 42727TAS9 | Heritage Ridge Metropolitan District | HRIFAC | 4.0 | 12/01/2042 | 350,000.00 | 345,584.00 | 0.04 |
| 45567RAD2 | Indigo Community Development District | INDDEV | 5.75 | 05/01/2036 | 476,616.00 | 405,123.00 | 0.04 |
| 864809CC0 | Suffolk Tobacco Asset Securitization Cor | SFKSEC | 4.0 | 06/01/2050 | 395,000.00 | 362,953.00 | 0.04 |
| 74443CAB9 | Public Finance Authority | PUBFAC | 5.25 | 07/01/2028 | 340,000.00 | 340,192.00 | 0.04 |
| 75157WAC6 | Rampart Range Metropolitan District No 5 | RAMGEN | 4.0 | 12/01/2051 | 500,000.00 | 393,004.00 | 0.04 |
| 846562AD8 | Sparks Tourism Improvement District No 1 | SPAGEN | 2.75 | 06/15/2028 | 275,000.00 | 273,312.00 | 0.03 |
| 45204E6G8 | Illinois Finance Authority | ILSGEN | 4.0 | 02/15/2041 | 265,000.00 | 269,821.00 | 0.03 |
| 17877SAL6 | Cityplace Community Development District | CTYDEV | 5.0 | 05/01/2026 | 270,000.00 | 272,097.00 | 0.03 |
| 67884XCF2 | Oklahoma Development Finance Authority | OKSMED | 5.0 | 08/15/2038 | 250,000.00 | 252,673.00 | 0.03 |
| 688031FK4 | County Of Osceola Fl Transportation Reve | OSCTRN | — | 10/01/2054 | 1,000,000.00 | 210,321.00 | 0.02 |
| 51265KAZ1 | Lakewood Ranch Stewardship District | LKRGEN | 4.63 | 05/01/2027 | 200,000.00 | 201,376.00 | 0.02 |
| 154872AY1 | Central Plains Energy Project | CENPWR | 5.0 | 08/01/2055 | 150,000.00 | 162,007.00 | 0.02 |
| 353187EW3 | County Of Franklin Oh | FRAMED | 3.9 | 11/01/2042 | 105,000.00 | 105,000.00 | 0.01 |
| 533020EG4 | Lincoln Public Financing Authority | LINGEN | 6.0 | 09/02/2027 | 110,000.00 | 110,289.00 | 0.01 |
| 864809CD8 | Suffolk Tobacco Asset Securitization Cor | SFKSEC | — | 06/01/2066 | 1,000,000.00 | 80,832.00 | 0.01 |
| WNZ5 COMDT | US Ultra Bond Cbt Dec25 | WNZ5 | — | 12/19/2025 | -12,977,094.00 | 75,148.00 | 0.01 |
| SWB8AEPFQ0 | CM Muni 30y 12/02/2025_c | — | — | 12/02/2025 | 5,500,000.00 | 0.00 | 0.00 |
| SWB8AEPFQL | CM Muni 15y 12/02/2025_c | — | — | 12/02/2025 | 6,400,000.00 | 0.00 | 0.00 |
| SWB8AEPFQS | CM Muni 10y 12/02/2025_c | — | — | 12/02/2025 | 5,000,000.00 | 0.00 | 0.00 |
| 45204EU55 | Illinois Finance Authority | ILSGEN | 4.0 | 02/15/2041 | 10,000.00 | 10,181.00 | 0.00 |
| 130536RA5 | California Pollution Control Financing A | CASPOL | 8.0 | 07/01/2039 | 2,750,000.00 | 27,500.00 | 0.00 |
| FVZ5 COMDT | US 5yr Note (cbt) Dec25 | FVZ5 | — | 12/31/2025 | 24,572,461.00 | -62,619.00 | -0.01 |
| CURRENCY | Currency | — | — | — | -1,149,427.00 | -1,149,427.00 | -0.13 |
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ABOUT
PGIM Fixed Income is the largest public fixed income asset management unit of PGIM, a registered investment advisor, and is responsible for Fund management. It is one of the most experienced fixed income managers in the United States, with $862 billion in assets under management as of March 31, 2025. Institutional assets include both external and proprietary portfolios. Asset class breakdown is based on company estimates. PGIM Fixed Income offers a disciplined investment and risk management process, in-depth sector expertise, and one of the most sophisticated research organizations in the industry. PGIM Fixed Income or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928. PGIM Limited is also a subadvisor on this fund. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States.
Jason Appleson, Robert Tipp, Lee Friedman, and John Dittemer of PGIM Fixed Income are responsible for the management of the PGIM Muni High Income Fund.
Jason Appleson, CFA
Managing Director and Head of PGIM Fixed Income's Municipal Bonds Team
Jason Appleson, CFA, FRM, is a Managing Director and Head of PGIM Fixed Income's Municipal Bond Team.
Robert Tipp, CFA
Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income.
Lee Friedman, CFA
Principal and Portfolio Manager for PGIM's Fixed Income's U.S. Investment Grade Corporate Bond Team
Lee Friedman, CFA, is a Principal and portfolio manager for PGIM Fixed Income’s U.S. Investment Grade Corporate Bond Team.
John Dittemer
Vice President and Portfolio Manager for PGIM Fixed Income's Municipal Bond Team
PGIM Fixed Income
John Dittemer is a Vice President and Portfolio Manager for PGIM Fixed Income's Municipal Bond Team.
AMT (Alternative Minimum Tax) is the percentage of bonds in portfolio subject to alternative minimum tax. Average Effective Maturity is a measure of maturity which takes into account the possibility of bonds being called prior to maturity. Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. If only two rating agencies are used, the lower ratings are shown. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Due to data availability, statistics may not be as of the current reporting period.
Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.
Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.
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Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.
Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4341099 Ed. 04/2025
Fund Literature
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