PGIM National Muni Fund (DNMZX)
$
)
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 high current income that's exempt from federal taxes by investing primarily in a diversified portfolio of investment-grade long-term municipal bonds. The Fund may be appropriate for those who are seeking income that is generally free from federal taxes.
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 (%) | 17.20 |
| Average Effective Maturity (years) | 6.20 |
| Average Maturity (years) | 8.70 |
| Duration (years) | 5.30 |
| Standard Deviation (3 year) | 4.78 |
Portfolio Attributes
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.
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.
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. 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 National Muni Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM National Muni Fund.
See Daily Returns for the PGIM National Muni Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM National Muni Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 0.64 | 0.61 | 12/31/2025 | 3.25 |
| C | 1.56 | 1.53 | 12/31/2025 | 1.00 |
| R6 | 0.34 | 0.29 | 12/31/2025 | — |
| Z | 0.43 | 0.36 | 12/31/2025 | — |
*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 Muni National Intermediate Category Average: Muni national intermediate portfolios invest in bonds issued by various state and local governments to fund public projects. The income from these bonds is generally free from federal taxes. To lower risk, these portfolios spread their assets across many states and sectors. These portfolios have durations of 4.0 to 6.0 years (or average maturities of five to 12 years).
Bloomberg California 1-15 Yr Municipal Index is a subset of the Bloomberg Barclays U.S. Municipal Index that covers the USD-denominated long-term tax exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds. The 1-15 Yr index contains bonds with maturities between 1 and 15 years.
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 | 13.78 |
0.01
|
0.07 | 14.24 | 486,521,167.28 |
| C | 13.81 |
0.01
|
0.07 | — | 8,254,600.51 |
| R6 | 13.77 |
0.01
|
0.07 | — | 216,714,071.57 |
| Z | 13.77 |
0.01
|
0.07 | — | 363,944,187.24 |
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 | 14.17 | 10/03/2024 | 13.44 | 04/09/2025 |
| C | 14.20 | 10/03/2024 | 13.47 | 04/09/2025 |
| R6 | 14.15 | 10/03/2024 | 13.43 | 04/09/2025 |
| Z | 14.15 | 10/03/2024 | 13.43 | 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 | 3.38 | 3.35 | 3.10 | 3.20 | 5.71 |
| C - View Prospectus | 2.49 | 2.46 | — | 2.20 | 4.21 |
| R6 - View Prospectus | 3.82 | 3.78 | — | 3.53 | 6.45 |
| Z - View Prospectus | 3.75 | 3.68 | — | 3.46 | 6.33 |
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
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
|
|---|---|---|---|---|---|---|---|
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 4.51 | 12/01/2099 | 61,110,278.00 | 61,110,278.00 | 5.72 |
| 922907746 | Vanguard Tax-exempt Bond Index Etf | VTEB | — | — | 237,500.00 | 11,561,500.00 | 1.08 |
| 56035DJJ2 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 05/01/2055 | 9,670,000.00 | 10,165,963.00 | 0.95 |
| 880443JE7 | Tennessee Energy Acquisition Corp | TNSUTL | 4.0 | 11/01/2049 | 9,750,000.00 | 9,759,257.00 | 0.91 |
| 464288414 | Ishares National Muni Bond Etf | MUB | — | — | 86,440.00 | 8,978,522.00 | 0.84 |
| 118217CJ5 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 5.0 | 06/01/2028 | 8,415,000.00 | 8,807,124.00 | 0.82 |
| 64966QWQ9 | CITY Of New York Ny | NYC | 2.8 | 04/01/2042 | 8,700,000.00 | 8,700,000.00 | 0.81 |
| 254842AK3 | District Of Columbia Tobacco Settlement | DISGEN | 6.75 | 05/15/2040 | 8,000,000.00 | 8,271,368.00 | 0.77 |
| 09182TAM9 | Black Belt Energy Gas District | BBEUTL | 4.0 | 10/01/2052 | 7,815,000.00 | 7,871,234.00 | 0.74 |
| 19648FVK7 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2062 | 6,900,000.00 | 7,043,768.00 | 0.66 |
| 592247K58 | Metropolitan Pier & Exposition Authority | MPNFAC | — | 12/15/2034 | 10,000,000.00 | 6,758,487.00 | 0.63 |
| 649519DH5 | NEW York Liberty Development Corp | NYCDEV | 2.8 | 09/15/2069 | 7,000,000.00 | 6,446,245.00 | 0.60 |
| 74440DFN9 | Kentucky Public Energy Authority | KYSPWR | 5.25 | 06/01/2055 | 6,000,000.00 | 6,332,879.00 | 0.59 |
| 594698SR4 | Michigan Strategic Fund | MISGEN | 4.0 | 10/01/2061 | 6,150,000.00 | 6,084,064.00 | 0.57 |
| 880397BW3 | Tennergy Corp/tn | TGYPWR | 4.0 | 12/01/2051 | 5,930,000.00 | 6,003,668.00 | 0.56 |
| 544532CQ5 | LOS Angeles Department Of Water & Power | LOSUTL | 4.0 | 07/01/2026 | 5,840,000.00 | 5,892,528.00 | 0.55 |
| 74440DEC4 | Kentucky Public Energy Authority | KYSPWR | 5.25 | 04/01/2054 | 5,370,000.00 | 5,745,110.00 | 0.54 |
| 09182NBR0 | Black Belt Energy Gas District | BBEUTL | 4.0 | 06/01/2051 | 5,540,000.00 | 5,599,553.00 | 0.52 |
| 05786PAA1 | Baldwin County Industrial Development Au | BLWPOL | 5.0 | 06/01/2055 | 5,500,000.00 | 5,491,577.00 | 0.51 |
| 64972JSX7 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 11/01/2039 | 5,000,000.00 | 5,299,340.00 | 0.50 |
| 64972JNJ3 | NEW York City Transitional Finance Autho | NYCGEN | 5.25 | 05/01/2043 | 5,000,000.00 | 5,274,684.00 | 0.49 |
| 09182TBL0 | Black Belt Energy Gas District | BBEUTL | 5.0 | 05/01/2053 | 5,000,000.00 | 5,190,382.00 | 0.49 |
| 844090AD2 | Southern Ute Indian Tribe Of The Souther | STH | 5.0 | 04/01/2035 | 5,000,000.00 | 5,280,929.00 | 0.49 |
| 91756SAQ6 | UTAH Telecommunication Open Infrastructu | UTSGEN | 5.5 | 06/01/2040 | 4,885,000.00 | 5,290,199.00 | 0.49 |
| 09182TEV5 | Black Belt Energy Gas District | BBEUTL | 5.25 | 05/01/2056 | 5,000,000.00 | 5,089,076.00 | 0.48 |
| 392274X35 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2042 | 5,000,000.00 | 5,014,820.00 | 0.47 |
| 41423PAW7 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2043 | 5,040,000.00 | 5,062,979.00 | 0.47 |
| 74448SAA1 | Public Finance Authority | PUBGEN | 4.75 | 08/01/2059 | 5,000,000.00 | 5,003,604.00 | 0.47 |
| 74440DDS0 | Kentucky Public Energy Authority | KYSPWR | 4.0 | 08/01/2052 | 4,925,000.00 | 4,937,313.00 | 0.46 |
| 915130CC0 | Permanent University Fund - University O | UNIHGR | 5.0 | 07/01/2039 | 4,500,000.00 | 4,959,685.00 | 0.46 |
| 837151WU9 | South Carolina Public Service Authority | SCSUTL | 5.0 | 12/01/2032 | 4,595,000.00 | 4,962,274.00 | 0.46 |
| 392274X43 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2047 | 5,000,000.00 | 4,805,914.00 | 0.45 |
| 56035DHK1 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 12/01/2054 | 4,500,000.00 | 4,764,503.00 | 0.45 |
| 544532PZ1 | LOS Angeles Department Of Water & Power | LOSUTL | 5.0 | 07/01/2031 | 4,210,000.00 | 4,653,030.00 | 0.44 |
| 74529JQC2 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2027 | 5,014,000.00 | 4,700,020.00 | 0.44 |
| 93978UAA4 | Washington State Housing Finance Commiss | WASHSG | 4.08 | 03/01/2050 | 4,974,772.00 | 4,589,361.00 | 0.43 |
| 66285WCD6 | North Texas Tollway Authority | NRTTRN | — | 01/01/2038 | 8,000,000.00 | 4,525,133.00 | 0.42 |
| 196711UX1 | State Of Colorado | COSCTF | 6.0 | 12/15/2039 | 4,000,000.00 | 4,456,333.00 | 0.42 |
| 09182TEC7 | Black Belt Energy Gas District | BBEUTL | 5.0 | 10/01/2055 | 4,200,000.00 | 4,413,389.00 | 0.41 |
| 592247L24 | Metropolitan Pier & Exposition Authority | MPNFAC | — | 06/15/2037 | 7,500,000.00 | 4,352,314.00 | 0.41 |
| 452152Q46 | State Of Illinois | ILS | 5.0 | 11/01/2025 | 4,285,000.00 | 4,307,785.00 | 0.40 |
| 63608TAC4 | NEW Hampshire Business Finance Authority | NFAGEN | 5.38 | 12/15/2035 | 4,300,000.00 | 4,249,143.00 | 0.40 |
| 19951AAU0 | Columbus Metropolitan Housing Authority | COLHSG | 5.0 | 12/01/2034 | 4,000,000.00 | 4,226,164.00 | 0.40 |
| 888809BE9 | Tobacco Settlement Financing Corp/ri | TOBGEN | 5.0 | 06/01/2040 | 4,350,000.00 | 4,295,389.00 | 0.40 |
| 167486G45 | CITY Of Chicago Il | CHI | 5.0 | 01/01/2030 | 4,000,000.00 | 4,220,880.00 | 0.39 |
| 64972JJX7 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 11/01/2040 | 4,000,000.00 | 4,194,469.00 | 0.39 |
| 45470YFL0 | Indiana Finance Authority | INSMED | 5.0 | 10/01/2062 | 4,000,000.00 | 4,221,377.00 | 0.39 |
| 542691DY3 | LONG Island Power Authority | LSLPWR | 1.0 | 09/01/2025 | 4,100,000.00 | 4,090,733.00 | 0.38 |
| 04780TEY6 | CITY Of Atlanta Ga Airport Passenger Fac | ATLAPT | 5.25 | 07/01/2043 | 4,000,000.00 | 4,051,697.00 | 0.38 |
| 240471PD8 | Dekalb County Housing Authority | DEKMFH | 4.0 | 12/01/2033 | 4,000,000.00 | 4,014,060.00 | 0.38 |
| 762197YR6 | Rhode Island Health And Educational Buil | RISHGR | 5.25 | 08/15/2043 | 3,965,000.00 | 4,028,116.00 | 0.38 |
| 795576HM2 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.25 | 07/01/2048 | 3,850,000.00 | 3,844,572.00 | 0.36 |
| 940094FT7 | Washington State University | WASHGR | 5.0 | 04/01/2038 | 3,565,000.00 | 3,887,350.00 | 0.36 |
| 069826AX3 | Baseline Metropolitan District No 1 | BSLGEN | 4.25 | 12/01/2054 | 4,400,000.00 | 3,832,253.00 | 0.36 |
| 118217CP1 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 5.0 | 06/01/2033 | 3,560,000.00 | 3,804,597.00 | 0.36 |
| 649519DF9 | NEW York Liberty Development Corp | NYCDEV | 2.45 | 09/15/2069 | 4,000,000.00 | 3,805,707.00 | 0.36 |
| 64972JAY4 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 05/01/2047 | 3,500,000.00 | 3,687,612.00 | 0.35 |
| 592647LB5 | Metropolitan Washington Airports Authori | METAPT | 5.0 | 10/01/2030 | 3,500,000.00 | 3,792,255.00 | 0.35 |
| 63607DAB2 | NEW Hampshire Business Finance Authority | NHAHSG | 4.15 | 10/20/2040 | 3,865,000.00 | 3,755,286.00 | 0.35 |
| 4387014P6 | CITY & County Honolulu Hi Wastewater Sys | HONUTL | 5.0 | 07/01/2038 | 3,400,000.00 | 3,692,754.00 | 0.35 |
| 3137HFP74 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.16 | 05/01/2041 | 3,962,888.00 | 3,742,572.00 | 0.35 |
| 59333APP0 | Miami-dade County Educational Facilities | MIAEDU | 5.25 | 04/01/2041 | 3,470,000.00 | 3,649,715.00 | 0.34 |
| 677632Q95 | OHIO State University/the | OHSHGR | 5.25 | 12/01/2046 | 3,500,000.00 | 3,630,738.00 | 0.34 |
| 74448UAD0 | Public Finance Authority | PUBTRN | 5.75 | 12/31/2065 | 3,800,000.00 | 3,623,302.00 | 0.34 |
| 512179AB8 | Lakeside Place Pfc | LSPMFH | 4.15 | 11/01/2026 | 3,500,000.00 | 3,500,526.00 | 0.33 |
| 48542AFE6 | Kansas Development Finance Authority | KSSMED | 5.0 | 11/15/2054 | 3,165,000.00 | 3,476,399.00 | 0.33 |
| 63607WAW4 | NEW Hampshire Business Finance Authority | NFADEV | 4.16 | 10/20/2041 | 3,975,874.00 | 3,548,314.00 | 0.33 |
| 46940XAJ2 | Jacksonville Housing Authority | JACHSG | 5.0 | 02/01/2034 | 3,200,000.00 | 3,433,798.00 | 0.32 |
| 19648FVL5 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2062 | 3,205,000.00 | 3,402,645.00 | 0.32 |
| 7599112E9 | Regional Transportation Authority | REGTRN | 4.0 | 06/01/2037 | 3,605,000.00 | 3,439,180.00 | 0.32 |
| 88283LLD6 | Texas Department Of Transportation State | TXSTRN | 5.0 | 10/01/2033 | 3,000,000.00 | 3,381,594.00 | 0.32 |
| 795576LY1 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.25 | 07/01/2041 | 3,250,000.00 | 3,350,743.00 | 0.31 |
| 650116JE7 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 06/30/2042 | 3,100,000.00 | 3,260,473.00 | 0.31 |
| 19648FXF6 | Colorado Health Facilities Authority | COSMED | 5.0 | 11/15/2036 | 3,000,000.00 | 3,262,134.00 | 0.31 |
| 414009SG6 | Harris County Cultural Education Facilit | HAREDU | 5.0 | 07/01/2034 | 3,000,000.00 | 3,312,630.00 | 0.31 |
| 45470YGH8 | Indiana Finance Authority | INSMED | 5.0 | 10/01/2054 | 3,000,000.00 | 3,270,425.00 | 0.31 |
| 45528VFX2 | Indianapolis Local Public Improvement Bo | INPBBK | 5.0 | 01/01/2032 | 3,000,000.00 | 3,224,928.00 | 0.30 |
| 64987JZ38 | NEW York State Housing Finance Agency | NYSHSG | 3.6 | 11/01/2044 | 3,200,000.00 | 3,193,779.00 | 0.30 |
| 64972JWC8 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 05/01/2041 | 3,000,000.00 | 3,156,519.00 | 0.30 |
| 31350ADQ8 | Fhlmc Multifamily Vrd Certificates | FEDMFH | 4.76 | 08/25/2041 | 3,239,120.00 | 3,230,129.00 | 0.30 |
| 154871CW5 | Central Plains Energy Project | CENPWR | 5.0 | 05/01/2054 | 3,000,000.00 | 3,155,547.00 | 0.30 |
| 888808HF2 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2030 | 3,135,000.00 | 3,259,491.00 | 0.30 |
| 915130AC2 | Permanent University Fund - University O | UNIHGR | 5.0 | 07/01/2040 | 3,000,000.00 | 3,175,416.00 | 0.30 |
| 93978T4N6 | Washington State Housing Finance Commiss | WASHSG | 1.45 | 04/20/2037 | 32,293,867.00 | 3,169,643.00 | 0.30 |
| 93974EAV8 | State Of Washington | WAS | 5.0 | 08/01/2042 | 3,000,000.00 | 3,049,344.00 | 0.29 |
| 837031H63 | South Carolina Jobs-economic Development | SCSDEV | 4.0 | 03/01/2062 | 3,200,000.00 | 3,081,473.00 | 0.29 |
| 686507JQ8 | Orlando Utilities Commission | ORLUTL | 1.25 | 10/01/2046 | 3,475,000.00 | 3,148,794.00 | 0.29 |
| 70868YAT6 | Pennsylvania Economic Development Financ | PASDEV | 5.5 | 06/30/2042 | 3,025,000.00 | 3,149,958.00 | 0.29 |
| 70878CBR5 | Pennsylvania Higher Education Assistance | PASSTD | 5.0 | 06/01/2034 | 3,000,000.00 | 3,117,612.00 | 0.29 |
| 709224S91 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2049 | 3,150,000.00 | 3,099,380.00 | 0.29 |
| 04062PCC3 | Arizona Industrial Development Authority | AZSMFH | 5.0 | 02/01/2058 | 3,000,000.00 | 3,060,336.00 | 0.29 |
| 230589AA1 | Cumberland County Industrial Facilities | CUMPOL | 3.75 | 12/01/2027 | 3,075,000.00 | 3,075,276.00 | 0.29 |
| 196632Q97 | CITY Of Colorado Springs Co Utilities Sy | CSPUTL | 5.0 | 11/15/2043 | 3,080,000.00 | 3,103,931.00 | 0.29 |
| 25476FXR4 | District Of Columbia | DIS | 5.0 | 10/15/2038 | 3,000,000.00 | 3,107,603.00 | 0.29 |
| 63607DAE6 | NEW Hampshire Business Finance Authority | NHAHSG | 4.75 | 06/20/2041 | 2,999,103.00 | 3,083,304.00 | 0.29 |
| 452227SB8 | State Of Illinois Sales Tax Revenue | ILSGEN | 5.0 | 06/15/2027 | 3,000,000.00 | 3,121,904.00 | 0.29 |
| 452152P96 | State Of Illinois | ILS | 5.0 | 11/01/2027 | 2,815,000.00 | 2,947,940.00 | 0.28 |
| 49118NGB5 | Kentucky Asset Liability Commission | KSYGEN | 5.0 | 09/01/2025 | 3,000,000.00 | 3,005,795.00 | 0.28 |
| 542691EX4 | LONG Island Power Authority | LSLPWR | 1.5 | 09/01/2051 | 3,000,000.00 | 2,947,542.00 | 0.28 |
| 249182LX2 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.25 | 12/01/2043 | 3,000,000.00 | 3,020,004.00 | 0.28 |
| 3137HASR8 | Freddie Mac Multifamily Ml Certificates | FRETE | 1.44 | 09/01/2037 | 29,134,090.00 | 3,016,202.00 | 0.28 |
| 34061XAG7 | Florida Development Finance Corp | FLSDEV | 4.38 | 10/01/2054 | 3,000,000.00 | 2,972,756.00 | 0.28 |
| 4424355X7 | CITY Of Houston Tx Combined Utility Syst | HOUUTL | 5.0 | 11/15/2034 | 3,000,000.00 | 3,002,471.00 | 0.28 |
| 04052FEL5 | Arizona Industrial Development Authority | AZSEDU | 5.25 | 11/01/2048 | 3,000,000.00 | 2,985,342.00 | 0.28 |
| 09182TAF4 | Black Belt Energy Gas District | BBEUTL | 4.0 | 10/01/2052 | 3,000,000.00 | 3,019,294.00 | 0.28 |
| 679111WS9 | Oklahoma Turnpike Authority | OKSTRN | 5.0 | 01/01/2042 | 3,000,000.00 | 3,029,980.00 | 0.28 |
| 74448FAC5 | Public Finance Authority | PUBMFH | 4.1 | 09/25/2039 | 3,165,000.00 | 2,961,596.00 | 0.28 |
| 79575EAR9 | SALT Verde Financial Corp | SLTPWR | 5.0 | 12/01/2032 | 2,685,000.00 | 2,836,657.00 | 0.27 |
| 16772PBU9 | Chicago Transit Authority Sales Tax Rece | CHITRN | 5.0 | 12/01/2046 | 3,000,000.00 | 2,861,942.00 | 0.27 |
| 09182TAW7 | Black Belt Energy Gas District | BBEUTL | 4.0 | 12/01/2052 | 2,895,000.00 | 2,907,989.00 | 0.27 |
| 114894WJ3 | County Of Broward Fl Airport System Reve | BROAPT | 5.0 | 10/01/2045 | 3,000,000.00 | 2,887,400.00 | 0.27 |
| 414009PP9 | Harris County Cultural Education Facilit | HAREDU | 5.0 | 06/01/2032 | 2,785,000.00 | 2,861,603.00 | 0.27 |
| 3137HDJL5 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.56 | 04/01/2042 | 2,891,810.00 | 2,854,725.00 | 0.27 |
| 19648FMB7 | Colorado Health Facilities Authority | COSMED | 4.0 | 01/01/2040 | 3,060,000.00 | 2,833,103.00 | 0.27 |
| 59465HXF8 | Michigan State Hospital Finance Authorit | MISMED | 5.0 | 08/15/2055 | 2,665,000.00 | 2,867,878.00 | 0.27 |
| 63608RAA2 | NEW Hampshire Business Finance Authority | NFADEV | 4.0 | 10/01/2033 | 2,750,000.00 | 2,764,788.00 | 0.26 |
| 63608TAV2 | NEW Hampshire Business Finance Authority | NFAGEN | — | 12/15/2033 | 4,500,000.00 | 2,727,456.00 | 0.26 |
| 646080YV7 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2034 | 2,660,000.00 | 2,751,524.00 | 0.26 |
| 57584XYD7 | Massachusetts Development Finance Agency | MASDEV | 5.0 | 07/15/2040 | 2,500,000.00 | 2,751,835.00 | 0.26 |
| 207743YF6 | Connecticut State Higher Education Suppl | CTSSTD | 5.25 | 11/15/2032 | 2,630,000.00 | 2,800,794.00 | 0.26 |
| 312673FR2 | CITY Of Fayetteville Ar Sales & Use Tax | FAYGEN | 2.88 | 11/01/2032 | 2,780,000.00 | 2,730,068.00 | 0.26 |
| 4387014N1 | CITY & County Honolulu Hi Wastewater Sys | HONUTL | 5.0 | 07/01/2037 | 2,500,000.00 | 2,749,379.00 | 0.26 |
| 888808HB1 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2026 | 2,765,000.00 | 2,796,139.00 | 0.26 |
| 880443BS4 | Tennessee Energy Acquisition Corp | TNSUTL | 5.25 | 09/01/2026 | 2,675,000.00 | 2,706,403.00 | 0.25 |
| 93978HKJ3 | Washington Health Care Facilities Author | WASMED | 5.0 | 07/01/2038 | 2,690,000.00 | 2,654,740.00 | 0.25 |
| 79574CGN7 | SALT River Project Agricultural Improvem | SALAGR | 5.0 | 05/01/2042 | 2,500,000.00 | 2,631,711.00 | 0.25 |
| 84136FBT3 | Southeast Energy Authority A Cooperative | SEEPWR | 5.25 | 01/01/2054 | 2,500,000.00 | 2,626,012.00 | 0.25 |
| 70342PAN4 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 10/01/2054 | 2,500,000.00 | 2,651,497.00 | 0.25 |
| 373586HS8 | Georgia Ports Authority | GASTRN | 5.25 | 07/01/2043 | 2,500,000.00 | 2,638,824.00 | 0.25 |
| 56035DGT3 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 05/01/2054 | 2,500,000.00 | 2,648,297.00 | 0.25 |
| 56035DJZ6 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 06/01/2055 | 2,500,000.00 | 2,661,374.00 | 0.25 |
| 59333P7L6 | County Of Miami-dade Fl Aviation Revenue | MIATRN | 5.0 | 10/01/2034 | 2,500,000.00 | 2,682,244.00 | 0.25 |
| 46613SSE1 | JEA Electric System Revenue | JACPWR | 5.0 | 10/01/2037 | 2,500,000.00 | 2,722,179.00 | 0.25 |
| 63607WAZ7 | NEW Hampshire Business Finance Authority | NFADEV | 4.06 | 11/20/2039 | 2,981,813.00 | 2,724,052.00 | 0.25 |
| 63608TAS9 | NEW Hampshire Business Finance Authority | NFAGEN | 5.88 | 12/15/2033 | 2,500,000.00 | 2,514,585.00 | 0.24 |
| 64613CGC6 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2041 | 2,500,000.00 | 2,565,519.00 | 0.24 |
| 45884AG31 | Intermountain Power Agency | INTPWR | 5.25 | 07/01/2045 | 2,500,000.00 | 2,553,504.00 | 0.24 |
| 452153AK5 | State Of Illinois | ILS | 5.0 | 03/01/2031 | 2,345,000.00 | 2,563,424.00 | 0.24 |
| 347658ZA7 | CITY Of Fort Lauderdale Fl Water & Sewer | FORUTL | 5.5 | 09/01/2053 | 2,500,000.00 | 2,613,886.00 | 0.24 |
| 041818AB1 | Arlington Housing Finance Corp | ARLMFH | 4.5 | 04/01/2041 | 2,500,000.00 | 2,515,332.00 | 0.24 |
| 19648FJH8 | Colorado Health Facilities Authority | COSMED | 5.0 | 08/01/2049 | 2,605,000.00 | 2,605,000.00 | 0.24 |
| 153476CZ7 | Central Florida Expressway Authority | ORLTRN | 5.0 | 07/01/2038 | 2,500,000.00 | 2,559,456.00 | 0.24 |
| 70878CBQ7 | Pennsylvania Higher Education Assistance | PASSTD | 5.0 | 06/01/2033 | 2,500,000.00 | 2,613,595.00 | 0.24 |
| 709225LH7 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2043 | 2,500,000.00 | 2,572,834.00 | 0.24 |
| 79766DWV7 | SAN Francisco City & County Airport Comm | SFOAPT | 5.25 | 05/01/2043 | 2,500,000.00 | 2,529,448.00 | 0.24 |
| 842475R80 | Southern California Public Power Authori | STNPWR | 3.7 | 07/01/2040 | 2,500,000.00 | 2,541,584.00 | 0.24 |
| 917393DB3 | County Of Utah Ut | UTSMED | 5.0 | 05/15/2043 | 2,545,000.00 | 2,567,309.00 | 0.24 |
| 852640AC5 | Stamford Housing Authority | STMHSG | 4.25 | 10/01/2030 | 2,400,000.00 | 2,422,895.00 | 0.23 |
| 79467BCR4 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2026 | 2,430,000.00 | 2,451,298.00 | 0.23 |
| 709235XF7 | Pennsylvania State University/the | PSUHGR | 5.0 | 09/01/2041 | 2,400,000.00 | 2,411,630.00 | 0.23 |
| 74442PD93 | Public Finance Authority | PUBGEN | 5.5 | 12/15/2032 | 2,577,985.00 | 2,497,357.00 | 0.23 |
| 70342PAR5 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 02/01/2054 | 2,250,000.00 | 2,414,281.00 | 0.23 |
| 167736L62 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2036 | 2,390,000.00 | 2,419,099.00 | 0.23 |
| 011903FV8 | Alaska Industrial Development & Export A | AKSDEV | 5.0 | 10/01/2026 | 2,385,000.00 | 2,439,906.00 | 0.23 |
| 12008QAC3 | Build Nyc Resource Corp | BUIGEN | 5.5 | 07/01/2043 | 2,435,000.00 | 2,493,025.00 | 0.23 |
| 088379ZF2 | Bexar County Housing Finance Corp | BEXMFH | 4.05 | 03/01/2028 | 2,500,000.00 | 2,502,099.00 | 0.23 |
| 3137HCXR8 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.55 | 10/01/2040 | 2,478,319.00 | 2,496,314.00 | 0.23 |
| 249182LR5 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.0 | 12/01/2034 | 2,375,000.00 | 2,434,918.00 | 0.23 |
| 452152U25 | State Of Illinois | ILS | 5.0 | 12/01/2039 | 2,500,000.00 | 2,482,709.00 | 0.23 |
| 54640TAK5 | Louisiana Public Facilities Authority | LASFAC | 5.0 | 10/01/2043 | 2,500,000.00 | 2,507,490.00 | 0.23 |
| 603827K21 | Minneapolis-st Paul Metropolitan Airport | MINAPT | 5.0 | 01/01/2033 | 2,325,000.00 | 2,494,044.00 | 0.23 |
| 646136XQ9 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | — | 12/15/2040 | 5,000,000.00 | 2,387,434.00 | 0.22 |
| 64613CEL8 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2034 | 2,100,000.00 | 2,318,641.00 | 0.22 |
| 56042SEC0 | Maine Health & Higher Educational Facili | MESMED | 5.0 | 10/01/2039 | 2,285,000.00 | 2,388,845.00 | 0.22 |
| 55374SAC4 | M-s-r Energy Authority | MSRPWR | 6.5 | 11/01/2039 | 2,000,000.00 | 2,345,695.00 | 0.22 |
| 442349HY5 | CITY Of Houston Tx Airport System Revenu | HOUAPT | 5.5 | 07/15/2038 | 2,300,000.00 | 2,369,769.00 | 0.22 |
| 452252QB8 | Illinois State Toll Highway Authority | ILSTRN | 5.25 | 01/01/2043 | 2,250,000.00 | 2,359,030.00 | 0.22 |
| 20282EAJ5 | Commonwealth Financing Authority | CMNGEN | 5.0 | 06/01/2028 | 2,280,000.00 | 2,404,297.00 | 0.22 |
| 011903GL9 | Alaska Industrial Development & Export A | AKSDEV | 4.0 | 10/01/2049 | 3,000,000.00 | 2,380,444.00 | 0.22 |
| 19648FJS4 | Colorado Health Facilities Authority | COSMED | 5.0 | 08/01/2032 | 2,250,000.00 | 2,372,968.00 | 0.22 |
| 68450LGA7 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2026 | 2,275,000.00 | 2,332,489.00 | 0.22 |
| 898526FF0 | Tsasc Inc/ny | TSA | 5.0 | 06/01/2041 | 2,405,000.00 | 2,317,442.00 | 0.22 |
| 92708HAG9 | Village Community Development District N | VILDEV | 2.63 | 05/01/2030 | 2,405,000.00 | 2,193,598.00 | 0.21 |
| 79575EAM0 | SALT Verde Financial Corp | SLTPWR | 5.25 | 12/01/2026 | 2,180,000.00 | 2,232,279.00 | 0.21 |
| 67766WM74 | OHIO Water Development Authority Water P | OHSPOL | 5.0 | 12/01/2033 | 2,000,000.00 | 2,266,707.00 | 0.21 |
| 6500358B7 | Empire State Development Corp | NYSDEV | 5.0 | 03/15/2042 | 2,255,000.00 | 2,277,459.00 | 0.21 |
| 040507HN8 | Arizona Health Facilities Authority | AZSMED | 2.87 | 01/02/2037 | 2,265,000.00 | 2,241,271.00 | 0.21 |
| 20774YJ99 | Connecticut State Health & Educational F | CTSMED | 2.0 | 07/01/2042 | 2,310,000.00 | 2,280,263.00 | 0.21 |
| 207758XS7 | State Of Connecticut Special Tax Revenue | CTSGEN | 5.0 | 01/01/2038 | 2,195,000.00 | 2,243,723.00 | 0.21 |
| 362762RA6 | Gainesville & Hall County Hospital Autho | GAIMED | 5.0 | 10/15/2034 | 2,000,000.00 | 2,211,117.00 | 0.21 |
| 41423PDB0 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2035 | 2,000,000.00 | 2,204,772.00 | 0.21 |
| 397090HP9 | County Of Greenwood Sc | GRWMED | 5.0 | 10/01/2025 | 2,185,000.00 | 2,192,595.00 | 0.21 |
| 45471APH9 | Indiana Finance Authority | INSFIN | 5.0 | 12/01/2025 | 2,280,000.00 | 2,297,141.00 | 0.21 |
| 64613CCV8 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.25 | 06/15/2041 | 2,000,000.00 | 2,093,008.00 | 0.20 |
| 59447TK44 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2030 | 2,000,000.00 | 2,136,179.00 | 0.20 |
| 594712YD7 | Michigan State University | MISHGR | 5.0 | 08/15/2039 | 2,000,000.00 | 2,109,966.00 | 0.20 |
| 40065NDE4 | Territory Of Guam | GMSGEN | 5.25 | 01/01/2038 | 2,000,000.00 | 2,110,322.00 | 0.20 |
| 364568JL0 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 6.0 | 08/01/2043 | 2,000,000.00 | 2,096,728.00 | 0.20 |
| 213248DE4 | County Of Cook Il Sales Tax Revenue | COOGEN | 5.25 | 11/15/2045 | 2,155,000.00 | 2,183,684.00 | 0.20 |
| 26822LDS0 | E-470 Public Highway Authority | EHYTRN | — | 09/01/2025 | 2,140,000.00 | 2,134,765.00 | 0.20 |
| 02765USA3 | American Municipal Power Inc | AMEPWR | 5.0 | 02/15/2039 | 2,000,000.00 | 2,096,578.00 | 0.20 |
| 13013JCM6 | California Community Choice Financing Au | CCEDEV | 5.25 | 01/01/2054 | 2,000,000.00 | 2,085,962.00 | 0.20 |
| 165588FP4 | Chester County Industrial Development Au | CHEDEV | 5.0 | 03/01/2027 | 2,140,000.00 | 2,170,474.00 | 0.20 |
| 679111F74 | Oklahoma Turnpike Authority | OKSTRN | 5.0 | 01/01/2040 | 2,000,000.00 | 2,126,416.00 | 0.20 |
| 795576MQ7 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.0 | 07/01/2036 | 2,000,000.00 | 2,113,170.00 | 0.20 |
| 762323DQ3 | Rhode Island Student Loan Authority | RISSTD | 5.0 | 12/01/2032 | 2,000,000.00 | 2,095,942.00 | 0.20 |
| 84136HAK9 | Southeast Energy Authority A Cooperative | SEEPWR | 5.0 | 11/01/2026 | 2,060,000.00 | 2,090,834.00 | 0.20 |
| 92708HAD6 | Village Community Development District N | VILDEV | 3.55 | 05/01/2039 | 2,625,000.00 | 2,190,382.00 | 0.20 |
| 917567HP7 | UTAH Transit Authority | UTSTRN | 5.0 | 06/15/2040 | 2,000,000.00 | 2,124,796.00 | 0.20 |
| 896224BA9 | County Of Trimble Ky | TRMPOL | 1.3 | 09/01/2044 | 2,250,000.00 | 2,117,490.00 | 0.20 |
| 88283KBQ0 | Central Texas Turnpike System | TXSTRN | 5.0 | 08/15/2042 | 2,000,000.00 | 2,142,754.00 | 0.20 |
| 982674KZ5 | Wyandotte County-kansas City Unified Gov | WYAUTL | 5.0 | 09/01/2045 | 2,170,000.00 | 2,120,971.00 | 0.20 |
| 96634RAU6 | CITY Of Whiting In | WHGFAC | 5.0 | 12/01/2044 | 2,025,000.00 | 2,057,195.00 | 0.19 |
| 88283KCG1 | Central Texas Turnpike System | TXSTRN | 5.0 | 08/15/2041 | 2,000,000.00 | 2,071,011.00 | 0.19 |
| 888808HP0 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2037 | 2,000,000.00 | 2,017,583.00 | 0.19 |
| 93974D4H8 | State Of Washington | WAS | 5.0 | 08/01/2042 | 2,000,000.00 | 2,021,160.00 | 0.19 |
| 79625GLN1 | CITY Of San Antonio Tx Electric & Gas Sy | SANUTL | 5.0 | 02/01/2041 | 2,000,000.00 | 2,075,737.00 | 0.19 |
| 882667CJ5 | Texas Private Activity Bond Surface Tran | TXSTRN | 5.5 | 06/30/2040 | 1,900,000.00 | 2,001,027.00 | 0.19 |
| 650116GV2 | NEW York Transportation Development Corp | NYTTRN | 5.5 | 06/30/2043 | 2,000,000.00 | 2,049,339.00 | 0.19 |
| 668865AB4 | Norwalk Housing Authority | NORMFH | 3.05 | 09/01/2058 | 2,000,000.00 | 2,006,012.00 | 0.19 |
| 709224WR6 | Pennsylvania Turnpike Commission | PASTRN | 5.25 | 06/01/2047 | 2,000,000.00 | 2,004,707.00 | 0.19 |
| 724568GC8 | Pittsburg Successor Agency Redevelopment | PITDEV | — | 08/01/2025 | 2,000,000.00 | 2,000,000.00 | 0.19 |
| 709224PC7 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 06/01/2029 | 1,985,000.00 | 2,020,763.00 | 0.19 |
| 73358XNJ7 | PORT Authority Of New York & New Jersey | PORTRN | 5.0 | 09/01/2030 | 1,875,000.00 | 2,023,620.00 | 0.19 |
| 154872AY1 | Central Plains Energy Project | CENPWR | 5.0 | 08/01/2055 | 1,950,000.00 | 2,067,513.00 | 0.19 |
| 167593WQ1 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2042 | 2,000,000.00 | 2,007,882.00 | 0.19 |
| 04780MX61 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2043 | 2,000,000.00 | 2,053,963.00 | 0.19 |
| 240471PE6 | Dekalb County Housing Authority | DEKMFH | 4.0 | 03/01/2034 | 2,000,000.00 | 2,000,079.00 | 0.19 |
| 353187EW3 | County Of Franklin Oh | FRAMED | 2.8 | 11/01/2042 | 2,000,000.00 | 2,000,000.00 | 0.19 |
| 43233KAQ7 | Hillsborough County Industrial Developme | HILMEC | 5.0 | 11/15/2041 | 2,010,000.00 | 2,079,836.00 | 0.19 |
| 44244CS24 | CITY Of Houston Tx Combined Utility Syst | HOUUTL | 5.0 | 11/15/2025 | 2,000,000.00 | 2,014,057.00 | 0.19 |
| 45203PAC8 | Illinois Finance Authority | ILSTRN | 4.8 | 12/01/2043 | 2,000,000.00 | 1,998,567.00 | 0.19 |
| 59447TK69 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2032 | 1,950,000.00 | 2,067,579.00 | 0.19 |
| 63608TAB6 | NEW Hampshire Business Finance Authority | NFAGEN | 5.25 | 12/01/2035 | 2,000,000.00 | 1,998,879.00 | 0.19 |
| 63608TAF7 | NEW Hampshire Business Finance Authority | NFAGEN | 5.0 | 12/01/2028 | 2,000,000.00 | 1,981,808.00 | 0.19 |
| 63608TAY6 | NEW Hampshire Business Finance Authority | NFAGEN | 5.63 | 06/01/2039 | 2,000,000.00 | 2,001,563.00 | 0.19 |
| 64613CEV6 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.25 | 06/15/2041 | 1,910,000.00 | 2,007,309.00 | 0.19 |
| 646140GD9 | NEW Jersey Turnpike Authority | NJSTRN | 5.0 | 01/01/2045 | 2,000,000.00 | 2,044,332.00 | 0.19 |
| 646080ZA2 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2027 | 2,000,000.00 | 2,058,672.00 | 0.19 |
| 649870NF5 | NEW York State Housing Finance Agency | NYSHSG | 3.45 | 06/15/2054 | 2,000,000.00 | 2,046,573.00 | 0.19 |
| 64971XAT5 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 08/01/2038 | 2,000,000.00 | 2,032,815.00 | 0.19 |
| 452252JW0 | Illinois State Toll Highway Authority | ILSTRN | 5.0 | 01/01/2039 | 2,000,000.00 | 1,995,923.00 | 0.19 |
| 452153JW0 | State Of Illinois | ILS | 5.0 | 05/01/2039 | 2,025,000.00 | 2,083,581.00 | 0.19 |
| 57585BAM0 | Massachusetts Development Finance Agency | MASDEV | 4.0 | 02/15/2036 | 2,000,000.00 | 2,057,463.00 | 0.19 |
| 593344CB8 | Miami-dade County Housing Finance Author | MIAMFH | 3.25 | 02/01/2044 | 2,000,000.00 | 2,002,271.00 | 0.19 |
| 592647LA7 | Metropolitan Washington Airports Authori | METAPT | 5.0 | 10/01/2029 | 1,915,000.00 | 2,060,006.00 | 0.19 |
| 546395R63 | Louisiana Public Facilities Authority | LASMED | 5.0 | 07/01/2039 | 1,990,000.00 | 1,991,517.00 | 0.19 |
| 63607WBD5 | NEW Hampshire Business Finance Authority | NFADEV | 4.09 | 01/20/2041 | 1,994,240.00 | 1,884,382.00 | 0.18 |
| 59447TK51 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2031 | 1,800,000.00 | 1,924,319.00 | 0.18 |
| 41423PCK1 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2029 | 1,710,000.00 | 1,872,798.00 | 0.18 |
| 249182QU3 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2042 | 1,875,000.00 | 1,958,486.00 | 0.18 |
| 167736F77 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2027 | 1,865,000.00 | 1,911,402.00 | 0.18 |
| 187145UT2 | Clifton Higher Education Finance Corp | CLIEDU | 4.0 | 02/15/2055 | 1,815,000.00 | 1,888,834.00 | 0.18 |
| 71883MLF9 | CITY Of Phoenix Civic Improvement Corp | PHOAPT | 5.0 | 07/01/2047 | 2,000,000.00 | 1,880,565.00 | 0.18 |
| 74442PL86 | Public Finance Authority | PUBGEN | 5.0 | 12/15/2036 | 1,999,101.00 | 1,942,287.00 | 0.18 |
| 882723ZV4 | State Of Texas | TXS | 5.0 | 10/01/2036 | 1,870,000.00 | 1,871,208.00 | 0.18 |
| 751814AA2 | CITY Of Ramsey Mn | RAMEDU | 5.0 | 06/01/2032 | 2,000,000.00 | 1,957,328.00 | 0.18 |
| 79574CFL2 | SALT River Project Agricultural Improvem | SALAGR | 5.0 | 01/01/2047 | 1,925,000.00 | 1,957,839.00 | 0.18 |
| 89602HAE7 | Triborough Bridge & Tunnel Authority | TRBTRN | 2.0 | 05/15/2045 | 2,000,000.00 | 1,911,939.00 | 0.18 |
| 95648VBV0 | WEST Virginia Economic Development Autho | WVSDEV | 4.63 | 04/15/2055 | 2,000,000.00 | 1,935,448.00 | 0.18 |
| 956510AW1 | WEST Virginia Parkways Authority | WVSTRN | 5.0 | 06/01/2039 | 1,750,000.00 | 1,782,503.00 | 0.17 |
| 928104NG9 | Virginia Small Business Financing Author | VASDEV | 4.0 | 01/01/2030 | 1,750,000.00 | 1,799,781.00 | 0.17 |
| 735389C55 | PORT Of Seattle Wa | PTSGEN | 5.0 | 05/01/2026 | 1,800,000.00 | 1,826,222.00 | 0.17 |
| 66285WSJ6 | North Texas Tollway Authority | NRTTRN | 5.0 | 01/01/2030 | 1,765,000.00 | 1,780,536.00 | 0.17 |
| 153476DC7 | Central Florida Expressway Authority | ORLTRN | 4.0 | 07/01/2041 | 2,000,000.00 | 1,807,603.00 | 0.17 |
| 246579ER3 | Delaware Valley Regional Finance Authori | DLVGEN | 5.5 | 08/01/2028 | 1,650,000.00 | 1,785,589.00 | 0.17 |
| 3922742C9 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2038 | 1,810,000.00 | 1,830,764.00 | 0.17 |
| 63610FBL9 | NEW Hampshire Business Finance Authority | NFADEV | 5.25 | 06/01/2051 | 1,820,000.00 | 1,835,058.00 | 0.17 |
| 592190NS7 | Metropolitan Nashville Airport Authority | MNVAPT | 5.0 | 07/01/2027 | 1,800,000.00 | 1,862,586.00 | 0.17 |
| 452227UY5 | State Of Illinois Sales Tax Revenue | ILSGEN | 5.0 | 06/15/2028 | 1,650,000.00 | 1,749,947.00 | 0.16 |
| 45528VBD0 | Indianapolis Local Public Improvement Bo | INPBBK | 5.0 | 01/01/2032 | 1,600,000.00 | 1,726,918.00 | 0.16 |
| 23503CDW4 | Dallas Fort Worth International Airport | DALAPT | 5.0 | 11/01/2034 | 1,500,000.00 | 1,691,052.00 | 0.16 |
| 207743YG4 | Connecticut State Higher Education Suppl | CTSSTD | 5.25 | 11/15/2033 | 1,630,000.00 | 1,728,446.00 | 0.16 |
| 015330FB4 | Alexandria Redevelopment & Housing Autho | ALEMFH | 3.4 | 12/01/2054 | 1,750,000.00 | 1,752,469.00 | 0.16 |
| 121342QM4 | Development Authority Of Burke County/th | BURPOL | 3.7 | 10/01/2032 | 1,685,000.00 | 1,717,805.00 | 0.16 |
| 676295FZ6 | Ogden City School District | OGDSCD | 1.38 | 06/15/2032 | 2,010,000.00 | 1,665,597.00 | 0.16 |
| 676295GB8 | Ogden City School District | OGDSCD | 1.63 | 06/15/2034 | 2,200,000.00 | 1,736,861.00 | 0.16 |
| 888808HG0 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2031 | 1,650,000.00 | 1,709,747.00 | 0.16 |
| 899661EN8 | Tulsa Municipal Airport Trust Trustees/o | TULAPT | 6.25 | 12/01/2040 | 1,500,000.00 | 1,612,213.00 | 0.15 |
| 79467BCV5 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2030 | 1,500,000.00 | 1,628,158.00 | 0.15 |
| 87638TJU8 | Tarrant County Cultural Education Facili | TAREDU | 5.0 | 11/15/2064 | 1,500,000.00 | 1,647,025.00 | 0.15 |
| 735389E20 | PORT Of Seattle Wa | PTSGEN | 5.0 | 05/01/2043 | 1,675,000.00 | 1,617,446.00 | 0.15 |
| 73358XNH1 | PORT Authority Of New York & New Jersey | PORTRN | 5.0 | 09/01/2028 | 1,500,000.00 | 1,582,840.00 | 0.15 |
| 011903GA3 | Alaska Industrial Development & Export A | AKSDEV | 5.0 | 10/01/2031 | 1,555,000.00 | 1,643,511.00 | 0.15 |
| 1675934P4 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2043 | 1,625,000.00 | 1,642,162.00 | 0.15 |
| 1675935Z1 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2041 | 1,500,000.00 | 1,554,318.00 | 0.15 |
| 392274Z25 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2028 | 1,500,000.00 | 1,591,018.00 | 0.15 |
| 472682ZM8 | County Of Jefferson Al Sewer Revenue | JEFUTL | 5.25 | 10/01/2042 | 1,500,000.00 | 1,551,603.00 | 0.15 |
| 54811BZT1 | Lower Colorado River Authority | LWCGEN | 6.0 | 05/15/2052 | 1,500,000.00 | 1,580,790.00 | 0.15 |
| 64577B7D0 | NEW Jersey Economic Development Authorit | NJSDEV | 5.0 | 06/15/2029 | 1,500,000.00 | 1,630,344.00 | 0.15 |
| 64971X4D7 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 11/01/2045 | 1,560,000.00 | 1,634,083.00 | 0.15 |
| 646080ZB0 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2028 | 1,500,000.00 | 1,559,919.00 | 0.15 |
| 645790KE5 | NEW Jersey Health Care Facilities Financ | NJSMED | 5.0 | 07/01/2039 | 1,500,000.00 | 1,525,737.00 | 0.14 |
| 4521525E7 | State Of Illinois | ILS | 5.0 | 11/01/2025 | 1,500,000.00 | 1,507,514.00 | 0.14 |
| 45204FGS8 | Illinois Finance Authority | ILSGEN | 5.0 | 10/01/2025 | 1,505,000.00 | 1,511,046.00 | 0.14 |
| 207758YM9 | State Of Connecticut Special Tax Revenue | CTSGEN | 5.0 | 10/01/2037 | 1,440,000.00 | 1,489,854.00 | 0.14 |
| 29414WAA6 | EP Tuscany Zaragosa Pfc | EPTMFH | 4.0 | 12/01/2033 | 1,500,000.00 | 1,487,920.00 | 0.14 |
| 677525WV5 | OHIO Air Quality Development Authority | OHSDEV | 4.25 | 11/01/2039 | 1,500,000.00 | 1,522,276.00 | 0.14 |
| 677525WZ6 | OHIO Air Quality Development Authority | OHSDEV | 3.75 | 01/01/2029 | 1,500,000.00 | 1,492,604.00 | 0.14 |
| 650116GY6 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 06/30/2054 | 1,500,000.00 | 1,522,916.00 | 0.14 |
| 68450LEH4 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2033 | 1,510,000.00 | 1,534,793.00 | 0.14 |
| 92708HAM6 | Village Community Development District N | VILDEV | 2.55 | 05/01/2031 | 1,630,000.00 | 1,505,005.00 | 0.14 |
| 888808HC9 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2027 | 1,335,000.00 | 1,367,224.00 | 0.13 |
| 69068WAA1 | County Of Owen Ky | OWNWTR | 2.45 | 06/01/2039 | 1,500,000.00 | 1,430,248.00 | 0.13 |
| 709224MJ5 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2025 | 1,425,000.00 | 1,436,543.00 | 0.13 |
| 650116GN0 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 04/01/2035 | 1,250,000.00 | 1,348,101.00 | 0.13 |
| 73358XFN7 | PORT Authority Of New York & New Jersey | PORTRN | 5.5 | 08/01/2040 | 1,290,000.00 | 1,370,989.00 | 0.13 |
| 74529JQF5 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2033 | 1,962,000.00 | 1,417,014.00 | 0.13 |
| 97712JHF3 | Wisconsin Health & Educational Facilitie | WISMED | 5.0 | 08/01/2027 | 1,400,000.00 | 1,419,618.00 | 0.13 |
| 311450GA2 | CITY Of Farmington Nm | FARPOL | 1.8 | 04/01/2029 | 1,500,000.00 | 1,378,473.00 | 0.13 |
| 25483VQW7 | District Of Columbia | DISREV | 5.0 | 06/01/2036 | 1,385,000.00 | 1,392,327.00 | 0.13 |
| 45204FWF8 | Illinois Finance Authority | ILSGEN | 5.0 | 04/01/2034 | 1,250,000.00 | 1,387,864.00 | 0.13 |
| 407288H77 | County Of Hamilton Oh Sewer System Reven | HAMUTL | 5.0 | 12/01/2030 | 1,250,000.00 | 1,393,761.00 | 0.13 |
| 34073TGB7 | Florida Higher Educational Facilities Fi | FLSHGR | 5.0 | 04/01/2028 | 1,420,000.00 | 1,439,498.00 | 0.13 |
| 01179RE58 | Alaska Municipal Bond Bank Authority | AKMBBK | 5.0 | 12/01/2026 | 1,350,000.00 | 1,394,550.00 | 0.13 |
| 491552W27 | Kentucky Turnpike Authority | KYSTRN | 5.0 | 07/01/2026 | 1,310,000.00 | 1,340,011.00 | 0.13 |
| 54811BH87 | Lower Colorado River Authority | LWCGEN | 5.0 | 05/15/2027 | 1,335,000.00 | 1,391,984.00 | 0.13 |
| 54241AAY9 | LONG Beach Bond Finance Authority | LONUTL | 5.0 | 11/15/2035 | 1,300,000.00 | 1,382,832.00 | 0.13 |
| 544532PA6 | LOS Angeles Department Of Water & Power | LOSUTL | 5.0 | 07/01/2028 | 1,285,000.00 | 1,351,851.00 | 0.13 |
| 6461365W7 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2033 | 1,300,000.00 | 1,378,035.00 | 0.13 |
| 63608TAA8 | NEW Hampshire Business Finance Authority | NFAGEN | 4.88 | 12/01/2033 | 1,400,000.00 | 1,395,899.00 | 0.13 |
| 63608TAD2 | NEW Hampshire Business Finance Authority | NFAGEN | 5.13 | 12/15/2030 | 1,430,000.00 | 1,425,057.00 | 0.13 |
| 593237FR6 | Miami Beach Redevelopment Agency | MMBDEV | 5.0 | 02/01/2044 | 1,500,000.00 | 1,416,978.00 | 0.13 |
| 6262074P6 | Municipal Electric Authority Of Georgia | MELPWR | 5.0 | 01/01/2026 | 1,425,000.00 | 1,438,445.00 | 0.13 |
| 60411PBE0 | Minnesota Rural Water Finance Authority | MNSWTR | 3.3 | 08/01/2026 | 1,300,000.00 | 1,304,966.00 | 0.12 |
| 64579XEL4 | NEW Jersey Health Care Facilities Financ | NJSMED | 5.0 | 09/15/2025 | 1,250,000.00 | 1,253,424.00 | 0.12 |
| 59447NBC9 | Michigan Finance Authority | MGFFAC | 5.5 | 02/28/2049 | 1,245,000.00 | 1,268,133.00 | 0.12 |
| 452153GM5 | State Of Illinois | ILS | 5.0 | 07/01/2036 | 1,225,000.00 | 1,284,082.00 | 0.12 |
| 19648FYG3 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2044 | 1,250,000.00 | 1,263,817.00 | 0.12 |
| 187145UB1 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2038 | 1,200,000.00 | 1,251,059.00 | 0.12 |
| 41423PDT1 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2040 | 1,225,000.00 | 1,297,237.00 | 0.12 |
| 259230PJ3 | Douglas County Hospital Authority No 2 | DOUMED | 5.0 | 11/15/2053 | 1,270,000.00 | 1,271,310.00 | 0.12 |
| 23503CDY0 | Dallas Fort Worth International Airport | DALAPT | 5.0 | 11/01/2036 | 1,125,000.00 | 1,234,349.00 | 0.12 |
| 66585VBM6 | Northern Tobacco Securitization Corp | NRTFAC | 5.0 | 06/01/2031 | 1,175,000.00 | 1,259,315.00 | 0.12 |
| 935031AG9 | County Of Warren Ms | WARIMP | 4.0 | 09/01/2032 | 1,250,000.00 | 1,256,452.00 | 0.12 |
| 803301CW8 | Sarasota County Public Hospital District | SARMED | 5.0 | 07/01/2028 | 1,160,000.00 | 1,233,722.00 | 0.12 |
| 93778DAA4 | Washington County Community Development | WCHDEV | 3.68 | 09/01/2026 | 1,200,000.00 | 1,200,220.00 | 0.11 |
| 93974E2F2 | State Of Washington | WAS | 5.0 | 08/01/2040 | 1,100,000.00 | 1,166,618.00 | 0.11 |
| 708692BU1 | Pennsylvania Economic Development Financ | PASDEV | 1.1 | 06/01/2031 | 1,250,000.00 | 1,213,385.00 | 0.11 |
| 66285WVQ6 | North Texas Tollway Authority | NRTTRN | 5.0 | 01/01/2028 | 1,180,000.00 | 1,191,017.00 | 0.11 |
| 676295GA0 | Ogden City School District | OGDSCD | 1.5 | 06/15/2033 | 1,420,000.00 | 1,147,354.00 | 0.11 |
| 75076PBA2 | Railsplitter Tobacco Settlement Authorit | RAIGEN | 5.0 | 06/01/2028 | 1,175,000.00 | 1,199,127.00 | 0.11 |
| 249182LG9 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.0 | 12/01/2035 | 1,130,000.00 | 1,158,220.00 | 0.11 |
| 20282EAQ9 | Commonwealth Financing Authority | CMNGEN | 5.0 | 06/01/2034 | 1,170,000.00 | 1,203,649.00 | 0.11 |
| 197479AA6 | Columbia County Hospital Authority/ga | CLHMED | 5.13 | 04/01/2048 | 1,220,000.00 | 1,224,452.00 | 0.11 |
| 25483VVP6 | District Of Columbia | DISREV | 5.0 | 07/01/2049 | 1,275,000.00 | 1,189,012.00 | 0.11 |
| 303823MY1 | Fairfax County Industrial Development Au | FAIDEV | 5.0 | 05/15/2057 | 1,100,000.00 | 1,186,872.00 | 0.11 |
| 364568KB0 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2040 | 1,150,000.00 | 1,190,404.00 | 0.11 |
| 155498MY1 | Central Texas Regional Mobility Authorit | CTXGEN | 5.0 | 01/01/2029 | 1,085,000.00 | 1,162,502.00 | 0.11 |
| 161036VV7 | CITY Of Charlotte Nc Airport Revenue | CHAAPT | 5.0 | 07/01/2030 | 1,125,000.00 | 1,220,047.00 | 0.11 |
| 0117706L3 | State Of Alaska | AKS | 5.0 | 08/01/2035 | 1,000,000.00 | 1,128,489.00 | 0.11 |
| 01757LGV2 | County Of Allen Oh Hospital Facilities R | ALLMED | 5.0 | 12/01/2030 | 1,100,000.00 | 1,196,683.00 | 0.11 |
| 12008QAB5 | Build Nyc Resource Corp | BUIGEN | 5.5 | 07/01/2042 | 1,120,000.00 | 1,155,808.00 | 0.11 |
| 452152P21 | State Of Illinois | ILS | 5.0 | 11/01/2029 | 1,100,000.00 | 1,144,873.00 | 0.11 |
| 56682HCL1 | Maricopa County Industrial Development A | MARDEV | 5.0 | 01/01/2041 | 1,140,000.00 | 1,153,838.00 | 0.11 |
| 550728AF6 | Luzerne County Industrial Development Au | LUZDEV | 2.45 | 12/01/2039 | 1,250,000.00 | 1,145,601.00 | 0.11 |
| 60374VEX7 | CITY Of Minneapolis Mn | MINMED | 5.0 | 11/15/2053 | 1,120,000.00 | 1,191,717.00 | 0.11 |
| 63608TAE0 | NEW Hampshire Business Finance Authority | NFAGEN | 5.3 | 12/01/2032 | 1,240,000.00 | 1,217,174.00 | 0.11 |
| 645780FL6 | NEW Jersey Economic Development Authorit | NJSWTR | 2.2 | 10/01/2039 | 1,250,000.00 | 1,142,716.00 | 0.11 |
| 64577XEY8 | NEW Jersey Economic Development Authorit | NJSDEV | 5.25 | 06/15/2036 | 1,000,000.00 | 1,096,837.00 | 0.10 |
| 59447TL92 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2049 | 1,120,000.00 | 1,078,110.00 | 0.10 |
| 62620HJU7 | Municipal Electric Authority Of Georgia | MELPWR | 5.25 | 01/01/2041 | 1,000,000.00 | 1,060,029.00 | 0.10 |
| 62620HJW3 | Municipal Electric Authority Of Georgia | MELPWR | 5.0 | 01/01/2043 | 1,000,000.00 | 1,026,111.00 | 0.10 |
| 645790FM3 | NEW Jersey Health Care Facilities Financ | NJSMED | 5.0 | 07/01/2033 | 1,015,000.00 | 1,030,512.00 | 0.10 |
| 64613CGD4 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2042 | 1,000,000.00 | 1,019,153.00 | 0.10 |
| 64972GKL7 | NEW York City Municipal Water Finance Au | NYCUTL | 5.25 | 06/15/2037 | 1,000,000.00 | 1,029,224.00 | 0.10 |
| 64966SHA7 | CITY Of New York Ny | NYC | 5.0 | 09/01/2041 | 1,000,000.00 | 1,037,047.00 | 0.10 |
| 64990FJE5 | NEW York State Dormitory Authority | NYSHGR | 5.25 | 03/15/2037 | 1,000,000.00 | 1,047,350.00 | 0.10 |
| 544552C59 | PORT Of Los Angeles | LOSTRN | 5.0 | 08/01/2034 | 1,000,000.00 | 1,102,063.00 | 0.10 |
| 574300PS2 | Maryland State Transportation Authority | MDSTRN | 5.0 | 07/01/2041 | 1,045,000.00 | 1,099,457.00 | 0.10 |
| 57563RTY5 | Massachusetts Educational Financing Auth | MASEDU | 5.0 | 07/01/2028 | 1,000,000.00 | 1,043,987.00 | 0.10 |
| 59447T3J0 | Michigan Finance Authority | MISFIN | 5.0 | 04/15/2029 | 1,000,000.00 | 1,081,828.00 | 0.10 |
| 46613SSG6 | JEA Electric System Revenue | JACPWR | 5.0 | 10/01/2039 | 1,000,000.00 | 1,063,650.00 | 0.10 |
| 01757LFQ4 | County Of Allen Oh Hospital Facilities R | ALLMED | 5.0 | 08/01/2025 | 1,030,000.00 | 1,030,000.00 | 0.10 |
| 04780MX79 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2044 | 1,000,000.00 | 1,022,572.00 | 0.10 |
| 04780MX46 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2041 | 1,000,000.00 | 1,044,302.00 | 0.10 |
| 13049YCP4 | California Municipal Finance Authority | CASFIN | 5.0 | 05/15/2029 | 1,000,000.00 | 1,058,503.00 | 0.10 |
| 167486V97 | CITY Of Chicago Il | CHI | 6.0 | 01/01/2043 | 1,000,000.00 | 1,059,047.00 | 0.10 |
| 187145UC9 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2039 | 1,000,000.00 | 1,035,916.00 | 0.10 |
| 187145SS7 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2039 | 1,000,000.00 | 1,042,980.00 | 0.10 |
| 249182TD8 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.75 | 11/15/2035 | 1,000,000.00 | 1,112,527.00 | 0.10 |
| 249182VC7 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2041 | 1,000,000.00 | 1,066,995.00 | 0.10 |
| 249182VD5 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2042 | 1,000,000.00 | 1,058,800.00 | 0.10 |
| 235286AG6 | CITY Of Dallas Tx Hotel Occupancy Tax Re | DALGEN | 4.0 | 08/15/2028 | 1,010,000.00 | 1,020,698.00 | 0.10 |
| 74528LAA9 | Puerto Rico Industrial Tourist Education | PRCPOL | 6.75 | 01/01/2045 | 1,000,000.00 | 1,095,592.00 | 0.10 |
| 71783MBL8 | Philadelphia Gas Works Co | PHIUTL | 5.0 | 08/01/2029 | 1,000,000.00 | 1,080,913.00 | 0.10 |
| 717901BK7 | Philadelphia Authority For Industrial De | PHIMED | 4.0 | 07/01/2037 | 1,075,000.00 | 1,029,140.00 | 0.10 |
| 677523AX0 | State Of Ohio | OHS | 5.0 | 03/15/2027 | 1,000,000.00 | 1,040,989.00 | 0.10 |
| 67910FAD6 | Oklahoma Industries Authority | OKSDEV | 5.0 | 04/01/2028 | 1,000,000.00 | 1,060,615.00 | 0.10 |
| 837032BM2 | South Carolina Jobs-economic Development | SCSMED | 5.0 | 11/01/2034 | 1,000,000.00 | 1,100,836.00 | 0.10 |
| 837032BU4 | South Carolina Jobs-economic Development | SCSMED | 5.25 | 11/01/2041 | 1,000,000.00 | 1,047,018.00 | 0.10 |
| 838536NP1 | South Jersey Transportation Authority | SJPTRN | 5.0 | 11/01/2039 | 1,000,000.00 | 1,051,957.00 | 0.10 |
| 838810EE5 | CITY Of South Miami Health Facilities Au | SMIMED | 5.0 | 08/15/2047 | 1,075,000.00 | 1,020,877.00 | 0.10 |
| 79625GLA9 | CITY Of San Antonio Tx Electric & Gas Sy | SANUTL | 5.5 | 02/01/2049 | 1,000,000.00 | 1,044,684.00 | 0.10 |
| 68450LEQ4 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2044 | 1,000,000.00 | 957,856.00 | 0.09 |
| 650116AR7 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 07/01/2046 | 1,000,000.00 | 949,266.00 | 0.09 |
| 74440DCM4 | Kentucky Public Energy Authority | KYSPWR | 4.0 | 02/01/2050 | 920,000.00 | 927,504.00 | 0.09 |
| 74442PL60 | Public Finance Authority | PUBGEN | 4.0 | 10/01/2041 | 910,000.00 | 931,734.00 | 0.09 |
| 29416AAA2 | EP Essential Housing Wf Pfc | EPEHSG | 4.25 | 12/01/2034 | 1,000,000.00 | 992,346.00 | 0.09 |
| 167727YK6 | CITY Of Chicago Il Wastewater Transmissi | CHIUTL | 5.0 | 01/01/2047 | 1,000,000.00 | 1,000,287.00 | 0.09 |
| 167486WY1 | CITY Of Chicago Il | CHI | 5.0 | 01/01/2026 | 1,000,000.00 | 1,009,243.00 | 0.09 |
| 167510AM8 | Chicago Board Of Education Dedicated Cap | CHIEDU | 5.0 | 04/01/2046 | 1,000,000.00 | 912,135.00 | 0.09 |
| 167486P78 | CITY Of Chicago Il | CHI | 5.5 | 01/01/2041 | 1,000,000.00 | 1,014,716.00 | 0.09 |
| 041807FF0 | Arlington Higher Education Finance Corp | ARLEDU | 5.0 | 08/15/2048 | 1,000,000.00 | 1,000,614.00 | 0.09 |
| 09182NCB4 | Black Belt Energy Gas District | BBEUTL | 4.0 | 07/01/2052 | 1,000,000.00 | 1,011,970.00 | 0.09 |
| 499526BK6 | KNOX County Health Educational & Housing | KNOMED | 5.25 | 07/01/2064 | 1,000,000.00 | 991,908.00 | 0.09 |
| 452153KC2 | State Of Illinois | ILS | 5.25 | 05/01/2045 | 1,000,000.00 | 1,005,122.00 | 0.09 |
| 54628C2X9 | Louisiana Local Government Environmental | LASFAC | 4.25 | 11/15/2030 | 1,000,000.00 | 990,476.00 | 0.09 |
| 523470HU9 | County Of Lee Fl Airport Revenue | LEEAPT | 5.25 | 10/01/2043 | 1,000,000.00 | 1,014,826.00 | 0.09 |
| 52349EER7 | LEE County Industrial Development Author | LEEMED | 4.75 | 11/15/2029 | 1,000,000.00 | 1,008,639.00 | 0.09 |
| 52349EET3 | LEE County Industrial Development Author | LEEMED | 4.13 | 11/15/2029 | 1,000,000.00 | 1,007,185.00 | 0.09 |
| 64461XJZ9 | NEW Hampshire Health And Education Facil | NHSMED | 3.3 | 06/01/2038 | 1,000,000.00 | 1,007,552.00 | 0.09 |
| 61075TXT0 | Monroe County Industrial Development Cor | MONDEV | 5.0 | 07/01/2034 | 830,000.00 | 845,366.00 | 0.08 |
| 47029WEK9 | James City County Economic Development A | JAMDEV | 5.25 | 12/01/2027 | 865,000.00 | 865,941.00 | 0.08 |
| 04780MXJ3 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.0 | 07/01/2029 | 830,000.00 | 892,485.00 | 0.08 |
| 155498LY2 | Central Texas Regional Mobility Authorit | CTXGEN | 5.0 | 01/01/2027 | 800,000.00 | 806,905.00 | 0.08 |
| 74529JPU3 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | 4.5 | 07/01/2034 | 848,000.00 | 847,781.00 | 0.08 |
| 650116DE3 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 12/01/2025 | 800,000.00 | 804,164.00 | 0.08 |
| 880397CF9 | Tennergy Corp/tn | TGYPWR | 5.5 | 10/01/2053 | 770,000.00 | 823,872.00 | 0.08 |
| 962468FL3 | Whatcom County Public Utility District N | WHAUTL | 5.0 | 12/01/2034 | 850,000.00 | 900,950.00 | 0.08 |
| 74446DAL2 | Public Finance Authority | PUBFAC | 5.75 | 09/01/2035 | 715,000.00 | 735,061.00 | 0.07 |
| 72177MRA7 | Industrial Development Authority Of The | PIMDEV | 4.0 | 07/01/2026 | 790,000.00 | 792,674.00 | 0.07 |
| 4521522L4 | State Of Illinois | ILS | 5.0 | 10/01/2028 | 750,000.00 | 796,521.00 | 0.07 |
| 646080WB3 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2026 | 700,000.00 | 714,344.00 | 0.07 |
| 649870NG3 | NEW York State Housing Finance Agency | NYSHSG | 3.35 | 06/15/2054 | 665,000.00 | 673,727.00 | 0.06 |
| 455059AJ4 | Indiana Finance Authority | INSENV | 0.95 | 12/01/2038 | 625,000.00 | 615,761.00 | 0.06 |
| 71783MBK0 | Philadelphia Gas Works Co | PHIUTL | 5.0 | 08/01/2028 | 625,000.00 | 664,232.00 | 0.06 |
| 677659WU4 | OHIO Water Development Authority | OHSWTR | 5.25 | 06/01/2026 | 615,000.00 | 624,281.00 | 0.06 |
| 79467BHA6 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2035 | 600,000.00 | 644,830.00 | 0.06 |
| 93978HNV3 | Washington Health Care Facilities Author | WASMED | 5.0 | 08/15/2026 | 670,000.00 | 670,470.00 | 0.06 |
| 677525WG8 | OHIO Air Quality Development Authority | OHSDEV | 2.4 | 12/01/2038 | 500,000.00 | 481,795.00 | 0.05 |
| 452152M57 | State Of Illinois | ILS | 5.0 | 11/01/2030 | 500,000.00 | 510,460.00 | 0.05 |
| 646080WA5 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2025 | 550,000.00 | 552,687.00 | 0.05 |
| 605277AL6 | Mississippi Business Finance Corp | MSSDEV | 3.2 | 09/01/2028 | 500,000.00 | 499,953.00 | 0.05 |
| 645780FR3 | NEW Jersey Economic Development Authorit | NJSWTR | 1.1 | 11/01/2029 | 625,000.00 | 581,524.00 | 0.05 |
| 34061UEW4 | Florida Development Finance Corp | FLSDEV | 5.0 | 04/01/2026 | 555,000.00 | 563,462.00 | 0.05 |
| 167736G43 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2027 | 510,000.00 | 522,690.00 | 0.05 |
| 364568KD6 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2042 | 400,000.00 | 409,511.00 | 0.04 |
| 364568KE4 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2043 | 400,000.00 | 406,397.00 | 0.04 |
| 74446DAK4 | Public Finance Authority | PUBFAC | 5.5 | 09/01/2030 | 450,000.00 | 457,814.00 | 0.04 |
| 92708HAC8 | Village Community Development District N | VILDEV | 3.38 | 05/01/2034 | 460,000.00 | 412,531.00 | 0.04 |
| 92707UBA3 | Village Community Development District N | VILDEV | 4.0 | 05/01/2027 | 370,000.00 | 378,225.00 | 0.04 |
| 759151BD4 | Regional Transportation District | REGTRN | 5.0 | 07/15/2028 | 400,000.00 | 417,578.00 | 0.04 |
| 759151BF9 | Regional Transportation District | REGTRN | 5.0 | 07/15/2029 | 400,000.00 | 423,525.00 | 0.04 |
| 944514T81 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2038 | 360,000.00 | 376,249.00 | 0.04 |
| 944514T65 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2036 | 350,000.00 | 372,775.00 | 0.03 |
| 944514T73 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2037 | 350,000.00 | 369,186.00 | 0.03 |
| 92707UBB1 | Village Community Development District N | VILDEV | 4.0 | 05/01/2028 | 300,000.00 | 305,514.00 | 0.03 |
| 92707UBC9 | Village Community Development District N | VILDEV | 4.0 | 05/01/2029 | 310,000.00 | 315,455.00 | 0.03 |
| 912797MS3 | United States Treasury Bill | B | 4.23 | 10/02/2025 | 350,000.00 | 347,442.00 | 0.03 |
| 17877SAL6 | Cityplace Community Development District | CTYDEV | 5.0 | 05/01/2026 | 265,000.00 | 269,903.00 | 0.03 |
| 04052EAL2 | Arizona Industrial Development Authority | AZSMED | 5.0 | 02/01/2030 | 300,000.00 | 327,294.00 | 0.03 |
| 575896SZ9 | Massachusetts Port Authority | MASTRN | 5.0 | 07/01/2027 | 320,000.00 | 332,259.00 | 0.03 |
| 74442EBZ2 | Public Finance Authority | PUBEDU | 4.0 | 07/01/2027 | 260,000.00 | 259,955.00 | 0.02 |
| WNU5 COMDT | US Ultra Bond Cbt Sep25 | WNU5 | — | 09/19/2025 | -24,518,313.00 | -203,006.00 | -0.02 |
| CURRENCY | Currency | — | — | — | -10,766,050.00 | -10,766,049.00 | -1.01 |
The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).
VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.
VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.
VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.
VISITOR agrees not to:
(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;
(b) Violate the security of the Subscriber Web Site or attempt to gain unauthorized access to the Web Site, CUSIP Database, materials, information, computer systems or networks connected to Subscriber server, through hacking, password mining or any other means; or
(c) Interfere or attempt to interfere with the proper working of the Subscriber Web Site or any activities conducted on or through the Subscriber Web Site, including accessing any CUSIP Database, content or other information prior to the time that is intended to be available to the public on the Subscriber Web Site;
NEITHER CGS, ABA NOR ANY OF THEIR AFFILIATES MAKE ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, ADEQUACY OR COMPLETENESS OF ANY OF THE INFORMATION CONTAINED IN THE CUSIP DATABASE. ALL SUCH MATERIALS ARE PROVIDED TO VISITOR ON AN “AS IS” BASIS, WITHOUT ANY WARRANTIES AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE NOR WITH RESPECT TO THE RESULTS WHICH MAY BE OBTAINED FROM THE USE OF SUCH MATERIALS. NEITHER CGS, ABA NOR THEIR AFFILIATES SHALL HAVE ANY RESPONSIBILITY OR LIABILITY FOR ANY ERRORS OR OMISSIONS NOR SHALL THEY BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT OR INDIRECT, SPECIAL OR CONSEQUENTIAL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL THE LIABILITY OF CGS, ABA OR ANY OF THEIR AFFILIATES PURSUANT TO ANY CAUSE OF ACTION, WHETHER IN CONTRACT, TORT, OR OTHERWISE, EXCEED THE FEE PAID BY VISITOR FOR ACCESS TO SUCH MATERIALS IN THE MONTH IN WHICH SUCH CAUSE OF ACTION IS ALLEGED TO HAVE ARISEN. FURTHERMORE, CGS AND ABA SHALL HAVE NO RESPONSIBILITY OR LIABILITY FOR DELAYS OR FAILURES DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.
VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.
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 National Muni 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.
© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.
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.
4353338 Ed. 03/2025
Fund Literature
| document name | audience | updated | order code |
|---|
