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 (%) | 18.60 |
| Average Effective Maturity (years) | 6.30 |
| Average Maturity (years) | 9.00 |
| Duration (years) | 5.40 |
| Standard Deviation (3 year) | 4.67 |
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 | 14.03 | -0.01 | -0.07 | 14.50 | 494,762,096.25 |
| C | 14.06 | -0.01 | -0.07 | — | 8,293,135.03 |
| R6 | 14.02 | -0.01 | -0.07 | — | 223,187,426.87 |
| Z | 14.02 | -0.01 | -0.07 | — | 380,681,366.17 |
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 | 3.29 | 3.28 | 3.17 | 3.28 | 5.56 |
| C - View Prospectus | 2.95 | 2.94 | — | 2.58 | 4.98 |
| R6 - View Prospectus | 3.72 | 3.71 | — | 3.60 | 6.28 |
| Z - View Prospectus | 3.65 | 3.62 | — | 3.53 | 6.17 |
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
|
|---|---|---|---|---|---|---|---|
| 60528ABZ6 | Mississippi Business Finance Corp | MSSDEV | 3.75 | 11/01/2035 | 12,585,000.00 | 12,585,000.00 | 1.16 |
| 922907746 | Vanguard Tax-exempt Bond Index Etf | VTEB | — | — | 237,500.00 | 11,639,875.00 | 1.08 |
| 56035DJJ2 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 05/01/2055 | 9,670,000.00 | 10,357,838.00 | 0.96 |
| 880443JE7 | Tennessee Energy Acquisition Corp | TNSUTL | 4.0 | 11/01/2049 | 9,750,000.00 | 9,758,781.00 | 0.90 |
| 60528AAW4 | Mississippi Business Finance Corp | MSSDEV | 3.75 | 12/01/2030 | 9,155,000.00 | 9,155,000.00 | 0.85 |
| 464288414 | Ishares National Muni Bond Etf | MUB | — | — | 86,440.00 | 9,029,522.00 | 0.83 |
| 118217CJ5 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 5.0 | 06/01/2028 | 8,415,000.00 | 8,832,651.00 | 0.82 |
| 254842AK3 | District Of Columbia Tobacco Settlement | DISGEN | 6.75 | 05/15/2040 | 8,000,000.00 | 8,248,966.00 | 0.76 |
| 09182TAM9 | Black Belt Energy Gas District | BBEUTL | 4.0 | 10/01/2052 | 7,815,000.00 | 7,884,821.00 | 0.73 |
| 19648FVK7 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2062 | 6,900,000.00 | 7,036,799.00 | 0.65 |
| 592247K58 | Metropolitan Pier & Exposition Authority | MPNFAC | — | 12/15/2034 | 10,000,000.00 | 6,878,379.00 | 0.64 |
| 649519DH5 | NEW York Liberty Development Corp | NYCDEV | 2.8 | 09/15/2069 | 7,000,000.00 | 6,471,461.00 | 0.60 |
| 60528AAT1 | Mississippi Business Finance Corp | MSSDEV | 3.75 | 12/01/2030 | 6,380,000.00 | 6,380,000.00 | 0.59 |
| 74440DFN9 | Kentucky Public Energy Authority | KYSPWR | 5.25 | 06/01/2055 | 6,000,000.00 | 6,387,401.00 | 0.59 |
| 880397BW3 | Tennergy Corp/tn | TGYPWR | 4.0 | 12/01/2051 | 5,930,000.00 | 6,032,035.00 | 0.56 |
| 594698SR4 | Michigan Strategic Fund | MISGEN | 4.0 | 10/01/2061 | 6,150,000.00 | 6,103,638.00 | 0.56 |
| 544532CQ5 | LOS Angeles Department Of Water & Power | LOSUTL | 4.0 | 07/01/2026 | 5,840,000.00 | 5,898,462.00 | 0.55 |
| 74440DEC4 | Kentucky Public Energy Authority | KYSPWR | 5.25 | 04/01/2054 | 5,370,000.00 | 5,783,384.00 | 0.53 |
| 09182NBR0 | Black Belt Energy Gas District | BBEUTL | 4.0 | 06/01/2051 | 5,540,000.00 | 5,606,252.00 | 0.52 |
| 05786PAA1 | Baldwin County Industrial Development Au | BLWPOL | 5.0 | 06/01/2055 | 5,500,000.00 | 5,508,320.00 | 0.51 |
| 54811BT50 | Lower Colorado River Authority | LWCGEN | 5.0 | 05/15/2037 | 5,000,000.00 | 5,461,431.00 | 0.50 |
| 64972JNJ3 | NEW York City Transitional Finance Autho | NYCGEN | 5.25 | 05/01/2043 | 5,000,000.00 | 5,316,883.00 | 0.49 |
| 64972JSX7 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 11/01/2039 | 5,000,000.00 | 5,353,117.00 | 0.49 |
| 91756SAQ6 | UTAH Telecommunication Open Infrastructu | UTSGEN | 5.5 | 06/01/2040 | 4,885,000.00 | 5,303,897.00 | 0.49 |
| 844090AD2 | Southern Ute Indian Tribe Of The Souther | STH | 5.0 | 04/01/2035 | 5,000,000.00 | 5,245,254.00 | 0.48 |
| 09182TBL0 | Black Belt Energy Gas District | BBEUTL | 5.0 | 05/01/2053 | 5,000,000.00 | 5,216,295.00 | 0.48 |
| 09182TEV5 | Black Belt Energy Gas District | BBEUTL | 5.25 | 05/01/2056 | 5,000,000.00 | 5,119,778.00 | 0.47 |
| 41423PAW7 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2043 | 5,040,000.00 | 5,072,558.00 | 0.47 |
| 392274X35 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2042 | 5,000,000.00 | 5,012,049.00 | 0.46 |
| 837151WU9 | South Carolina Public Service Authority | SCSUTL | 5.0 | 12/01/2032 | 4,595,000.00 | 4,978,008.00 | 0.46 |
| 74448SAA1 | Public Finance Authority | PUBGEN | 4.75 | 08/01/2059 | 5,000,000.00 | 4,995,696.00 | 0.46 |
| 915130CC0 | Permanent University Fund - University O | UNIHGR | 5.0 | 07/01/2039 | 4,500,000.00 | 5,000,977.00 | 0.46 |
| 74442PR64 | Public Finance Authority | PUBGEN | 4.0 | 01/01/2055 | 5,000,000.00 | 4,997,019.00 | 0.46 |
| 74440DDS0 | Kentucky Public Energy Authority | KYSPWR | 4.0 | 08/01/2052 | 4,925,000.00 | 4,999,897.00 | 0.46 |
| 56035DHK1 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 12/01/2054 | 4,500,000.00 | 4,824,185.00 | 0.45 |
| 392274X43 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2047 | 5,000,000.00 | 4,797,824.00 | 0.44 |
| 74529JQC2 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2027 | 5,014,000.00 | 4,720,395.00 | 0.44 |
| 66285WCD6 | North Texas Tollway Authority | NRTTRN | — | 01/01/2038 | 8,000,000.00 | 4,672,099.00 | 0.43 |
| 544532PZ1 | LOS Angeles Department Of Water & Power | LOSUTL | 5.0 | 07/01/2031 | 4,210,000.00 | 4,679,552.00 | 0.43 |
| 196711UX1 | State Of Colorado | COSCTF | 6.0 | 12/15/2039 | 4,000,000.00 | 4,511,821.00 | 0.42 |
| 09182TEC7 | Black Belt Energy Gas District | BBEUTL | 5.0 | 10/01/2055 | 4,200,000.00 | 4,494,851.00 | 0.42 |
| 93978UAA4 | Washington State Housing Finance Commiss | WASHSG | 4.22 | 03/01/2050 | 4,972,348.00 | 4,578,176.00 | 0.42 |
| 592247L24 | Metropolitan Pier & Exposition Authority | MPNFAC | — | 06/15/2037 | 7,500,000.00 | 4,431,286.00 | 0.41 |
| 452152Q46 | State Of Illinois | ILS | 5.0 | 11/01/2025 | 4,285,000.00 | 4,300,520.00 | 0.40 |
| 64966SPD2 | CITY Of New York Ny | NYC | 5.0 | 08/01/2038 | 4,000,000.00 | 4,324,367.00 | 0.40 |
| 888809BE9 | Tobacco Settlement Financing Corp/ri | TOBGEN | 5.0 | 06/01/2040 | 4,350,000.00 | 4,319,838.00 | 0.40 |
| 64972JJX7 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 11/01/2040 | 4,000,000.00 | 4,232,729.00 | 0.39 |
| 63608TAC4 | NEW Hampshire Business Finance Authority | NFAGEN | 5.38 | 12/15/2035 | 4,300,000.00 | 4,210,601.00 | 0.39 |
| 45470YFL0 | Indiana Finance Authority | INSMED | 5.0 | 10/01/2062 | 4,000,000.00 | 4,222,905.00 | 0.39 |
| 167486G45 | CITY Of Chicago Il | CHI | 5.0 | 01/01/2030 | 4,000,000.00 | 4,245,150.00 | 0.39 |
| 19951AAU0 | Columbus Metropolitan Housing Authority | COLHSG | 5.0 | 12/01/2034 | 4,000,000.00 | 4,211,925.00 | 0.39 |
| 04780TEY6 | CITY Of Atlanta Ga Airport Passenger Fac | ATLAPT | 5.25 | 07/01/2043 | 4,000,000.00 | 4,071,291.00 | 0.38 |
| 542691DY3 | LONG Island Power Authority | LSLPWR | 1.0 | 09/01/2025 | 4,100,000.00 | 4,100,000.00 | 0.38 |
| 240471PD8 | Dekalb County Housing Authority | DEKMFH | 4.0 | 12/01/2033 | 4,000,000.00 | 3,985,842.00 | 0.37 |
| 762197YR6 | Rhode Island Health And Educational Buil | RISHGR | 5.25 | 08/15/2043 | 3,965,000.00 | 4,041,077.00 | 0.37 |
| 795576HM2 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.25 | 07/01/2048 | 3,850,000.00 | 3,853,070.00 | 0.36 |
| 940094FT7 | Washington State University | WASHGR | 5.0 | 04/01/2038 | 3,565,000.00 | 3,849,052.00 | 0.36 |
| 069826AX3 | Baseline Metropolitan District No 1 | BSLGEN | 4.25 | 12/01/2054 | 4,400,000.00 | 3,887,724.00 | 0.36 |
| 118217CP1 | Buckeye Tobacco Settlement Financing Aut | BUCGEN | 5.0 | 06/01/2033 | 3,560,000.00 | 3,790,876.00 | 0.35 |
| 3137HFP74 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.3 | 05/01/2041 | 3,959,455.00 | 3,779,032.00 | 0.35 |
| 63607DAB2 | NEW Hampshire Business Finance Authority | NFAHSG | 4.15 | 10/20/2040 | 3,865,000.00 | 3,814,536.00 | 0.35 |
| 592647LB5 | Metropolitan Washington Airports Authori | METAPT | 5.0 | 10/01/2030 | 3,500,000.00 | 3,817,385.00 | 0.35 |
| 64972LBE2 | NEW York City Transitional Finance Autho | NYCFAC | 5.0 | 07/15/2037 | 3,500,000.00 | 3,804,292.00 | 0.35 |
| 649519DF9 | NEW York Liberty Development Corp | NYCDEV | 2.45 | 09/15/2069 | 4,000,000.00 | 3,716,676.00 | 0.34 |
| 64972JAY4 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 05/01/2047 | 3,500,000.00 | 3,703,160.00 | 0.34 |
| 59333APP0 | Miami-dade County Educational Facilities | MIAEDU | 5.25 | 04/01/2041 | 3,470,000.00 | 3,663,967.00 | 0.34 |
| 63607WBN3 | NEW Hampshire Business Finance Authority | NFA | 4.22 | 11/01/2042 | 4,000,000.00 | 3,701,134.00 | 0.34 |
| 4387014P6 | CITY & County Honolulu Hi Wastewater Sys | HONUTL | 5.0 | 07/01/2038 | 3,400,000.00 | 3,719,411.00 | 0.34 |
| 93978UDT0 | Washington State Housing Finance Commiss | WASHSG | 4.08 | 11/20/2041 | 4,000,000.00 | 3,663,247.00 | 0.34 |
| 677632Q95 | OHIO State University/the | OHSHGR | 5.25 | 12/01/2046 | 3,500,000.00 | 3,660,803.00 | 0.34 |
| 63607WAW4 | NEW Hampshire Business Finance Authority | NFADEV | 4.16 | 10/20/2041 | 3,973,951.00 | 3,559,513.00 | 0.33 |
| 512179AB8 | Lakeside Place Pfc | LSPMFH | 4.15 | 11/01/2026 | 3,500,000.00 | 3,502,814.00 | 0.32 |
| 542691KS8 | LONG Island Power Authority | LSLPWR | 5.0 | 09/01/2037 | 3,200,000.00 | 3,510,515.00 | 0.32 |
| 46940XAJ2 | Jacksonville Housing Authority | JACHSG | 5.0 | 02/01/2034 | 3,200,000.00 | 3,419,599.00 | 0.32 |
| 48542AFE6 | Kansas Development Finance Authority | KSSMED | 5.0 | 11/15/2054 | 3,165,000.00 | 3,502,660.00 | 0.32 |
| 7599112E9 | Regional Transportation Authority | REGTRN | 4.0 | 06/01/2037 | 3,605,000.00 | 3,458,655.00 | 0.32 |
| 88283LLD6 | Texas Department Of Transportation State | TXSTRN | 5.0 | 10/01/2033 | 3,000,000.00 | 3,426,539.00 | 0.32 |
| 795576LY1 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.25 | 07/01/2041 | 3,250,000.00 | 3,357,817.00 | 0.31 |
| 19648FVL5 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2062 | 3,205,000.00 | 3,406,028.00 | 0.31 |
| 19648FXF6 | Colorado Health Facilities Authority | COSMED | 5.0 | 11/15/2036 | 3,000,000.00 | 3,281,595.00 | 0.30 |
| 45203PAB0 | Illinois Finance Authority | ILSTRN | 4.13 | 12/01/2050 | 3,355,000.00 | 3,226,886.00 | 0.30 |
| 31350ADQ8 | Fhlmc Multifamily Vrd Certificates | FEDMFH | 4.76 | 08/25/2041 | 3,235,554.00 | 3,255,215.00 | 0.30 |
| 1675935V0 | Chicago O'hare International Airport | CHITRN | 5.0 | 01/01/2037 | 3,100,000.00 | 3,240,061.00 | 0.30 |
| 45528VFX2 | Indianapolis Local Public Improvement Bo | INPBBK | 5.0 | 01/01/2032 | 3,000,000.00 | 3,256,006.00 | 0.30 |
| 45470YGH8 | Indiana Finance Authority | INSMED | 5.0 | 10/01/2054 | 3,000,000.00 | 3,296,780.00 | 0.30 |
| 888808HF2 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2030 | 3,135,000.00 | 3,268,698.00 | 0.30 |
| 64987JZ38 | NEW York State Housing Finance Agency | NYSHSG | 3.6 | 11/01/2044 | 3,200,000.00 | 3,200,191.00 | 0.30 |
| 650116JE7 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 06/30/2042 | 3,100,000.00 | 3,279,137.00 | 0.30 |
| 73358XRJ3 | PORT Authority Of New York & New Jersey | PORTRN | 5.0 | 10/15/2035 | 3,000,000.00 | 3,272,706.00 | 0.30 |
| 70878CBR5 | Pennsylvania Higher Education Assistance | PASSTD | 5.0 | 06/01/2034 | 3,000,000.00 | 3,146,082.00 | 0.29 |
| 709224S91 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2049 | 3,150,000.00 | 3,155,883.00 | 0.29 |
| 686507JQ8 | Orlando Utilities Commission | ORLUTL | 1.25 | 10/01/2046 | 3,475,000.00 | 3,191,490.00 | 0.29 |
| 70868YAT6 | Pennsylvania Economic Development Financ | PASDEV | 5.5 | 06/30/2042 | 3,025,000.00 | 3,186,747.00 | 0.29 |
| 915130AC2 | Permanent University Fund - University O | UNIHGR | 5.0 | 07/01/2040 | 3,000,000.00 | 3,174,123.00 | 0.29 |
| 837031H63 | South Carolina Jobs-economic Development | SCSDEV | 4.0 | 03/01/2062 | 3,200,000.00 | 3,178,484.00 | 0.29 |
| 93978T4N6 | Washington State Housing Finance Commiss | WASHSG | 1.45 | 04/20/2037 | 32,260,538.00 | 3,167,449.00 | 0.29 |
| 452227SB8 | State Of Illinois Sales Tax Revenue | ILSGEN | 5.0 | 06/15/2027 | 3,000,000.00 | 3,126,004.00 | 0.29 |
| 64972JWC8 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 05/01/2041 | 3,000,000.00 | 3,166,813.00 | 0.29 |
| 154871CW5 | Central Plains Energy Project | CENPWR | 5.0 | 05/01/2054 | 3,000,000.00 | 3,175,933.00 | 0.29 |
| 196632Q97 | CITY Of Colorado Springs Co Utilities Sy | CSPUTL | 5.0 | 11/15/2043 | 3,080,000.00 | 3,117,811.00 | 0.29 |
| 25476FXR4 | District Of Columbia | DIS | 5.0 | 10/15/2038 | 3,000,000.00 | 3,102,402.00 | 0.29 |
| 249182LX2 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.25 | 12/01/2043 | 3,000,000.00 | 3,023,337.00 | 0.28 |
| 230589AA1 | Cumberland County Industrial Facilities | CUMPOL | 3.75 | 12/01/2027 | 3,075,000.00 | 3,075,456.00 | 0.28 |
| 3137HASR8 | Freddie Mac Multifamily Ml Certificates | FRETE | 1.5 | 09/01/2037 | 29,099,139.00 | 3,035,892.00 | 0.28 |
| 34061XAG7 | Florida Development Finance Corp | FLSDEV | 4.38 | 10/01/2054 | 3,000,000.00 | 2,991,324.00 | 0.28 |
| 160853MR5 | Charlotte-mecklenburg Hospital Authority | CHAMED | 3.95 | 01/15/2038 | 3,000,000.00 | 3,000,000.00 | 0.28 |
| 09182TAF4 | Black Belt Energy Gas District | BBEUTL | 4.0 | 10/01/2052 | 3,000,000.00 | 3,019,292.00 | 0.28 |
| 04062PCC3 | Arizona Industrial Development Authority | AZSMFH | 5.0 | 02/01/2058 | 3,000,000.00 | 3,061,763.00 | 0.28 |
| 63607DAE6 | NEW Hampshire Business Finance Authority | NFAHSG | 4.75 | 06/20/2041 | 2,999,018.00 | 3,010,849.00 | 0.28 |
| 4424355X7 | CITY Of Houston Tx Combined Utility Syst | HOUUTL | 5.0 | 11/15/2034 | 3,000,000.00 | 3,003,551.00 | 0.28 |
| 49118NGB5 | Kentucky Asset Liability Commission | KSYGEN | 5.0 | 09/01/2025 | 3,000,000.00 | 3,000,000.00 | 0.28 |
| 93974EAV8 | State Of Washington | WAS | 5.0 | 08/01/2042 | 3,000,000.00 | 3,058,001.00 | 0.28 |
| 708692BJ6 | Pennsylvania Economic Development Financ | PASDEV | 3.88 | 08/01/2037 | 3,000,000.00 | 3,017,542.00 | 0.28 |
| 679111WS9 | Oklahoma Turnpike Authority | OKSTRN | 5.0 | 01/01/2042 | 3,000,000.00 | 3,024,170.00 | 0.28 |
| 717817YQ7 | CITY Of Philadelphia Pa Airport Revenue | PHIAPT | 5.0 | 07/01/2035 | 2,700,000.00 | 2,905,703.00 | 0.27 |
| 79575EAR9 | SALT Verde Financial Corp | SLTPWR | 5.0 | 12/01/2032 | 2,685,000.00 | 2,896,292.00 | 0.27 |
| 542691EX4 | LONG Island Power Authority | LSLPWR | 1.5 | 09/01/2051 | 3,000,000.00 | 2,952,476.00 | 0.27 |
| 59465HXF8 | Michigan State Hospital Finance Authorit | MISMED | 5.0 | 08/15/2055 | 2,665,000.00 | 2,891,730.00 | 0.27 |
| 04052FEL5 | Arizona Industrial Development Authority | AZSEDU | 5.25 | 11/01/2048 | 3,000,000.00 | 2,965,444.00 | 0.27 |
| 09182TAW7 | Black Belt Energy Gas District | BBEUTL | 4.0 | 12/01/2052 | 2,895,000.00 | 2,894,386.00 | 0.27 |
| 16772PBU9 | Chicago Transit Authority Sales Tax Rece | CHITRN | 5.0 | 12/01/2046 | 3,000,000.00 | 2,915,888.00 | 0.27 |
| 3137HDJL5 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.7 | 04/01/2042 | 2,890,946.00 | 2,882,232.00 | 0.27 |
| 414009PP9 | Harris County Cultural Education Facilit | HAREDU | 5.0 | 06/01/2032 | 2,785,000.00 | 2,862,553.00 | 0.26 |
| 4387014N1 | CITY & County Honolulu Hi Wastewater Sys | HONUTL | 5.0 | 07/01/2037 | 2,500,000.00 | 2,767,040.00 | 0.26 |
| 207743YF6 | Connecticut State Higher Education Suppl | CTSSTD | 5.25 | 11/15/2032 | 2,630,000.00 | 2,826,212.00 | 0.26 |
| 19648FMB7 | Colorado Health Facilities Authority | COSMED | 4.0 | 01/01/2040 | 3,060,000.00 | 2,854,648.00 | 0.26 |
| 114894WJ3 | County Of Broward Fl Airport System Reve | BROAPT | 5.0 | 10/01/2045 | 3,000,000.00 | 2,862,694.00 | 0.26 |
| 63608RAA2 | NEW Hampshire Business Finance Authority | NFADEV | 4.0 | 10/01/2033 | 2,750,000.00 | 2,763,670.00 | 0.26 |
| 646080YV7 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2034 | 2,660,000.00 | 2,771,391.00 | 0.26 |
| 57584XYD7 | Massachusetts Development Finance Agency | MASDEV | 5.0 | 07/15/2040 | 2,500,000.00 | 2,774,046.00 | 0.26 |
| 888808HB1 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2026 | 2,765,000.00 | 2,808,323.00 | 0.26 |
| 89602RMW2 | Triborough Bridge & Tunnel Authority | TRBTRN | 5.0 | 11/15/2036 | 2,500,000.00 | 2,800,280.00 | 0.26 |
| 89602RNT8 | Triborough Bridge & Tunnel Authority | TRBTRN | 5.0 | 11/15/2036 | 2,500,000.00 | 2,799,488.00 | 0.26 |
| 74440E201 | PGIM Core Ultra Short Bond Fund | — | 4.49 | 12/01/2099 | 2,795,609.00 | 2,795,609.00 | 0.26 |
| 74448FAC5 | Public Finance Authority | PUBMFH | 4.1 | 09/25/2039 | 2,950,000.00 | 2,756,167.00 | 0.25 |
| 70342PAN4 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 10/01/2054 | 2,500,000.00 | 2,666,254.00 | 0.25 |
| 880443BS4 | Tennessee Energy Acquisition Corp | TNSUTL | 5.25 | 09/01/2026 | 2,675,000.00 | 2,727,028.00 | 0.25 |
| 93978HKJ3 | Washington Health Care Facilities Author | WASMED | 5.0 | 07/01/2038 | 2,690,000.00 | 2,686,592.00 | 0.25 |
| 56035DJZ6 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 06/01/2055 | 2,500,000.00 | 2,684,058.00 | 0.25 |
| 56035DGT3 | MAIN Street Natural Gas Inc | MAIUTL | 5.0 | 05/01/2054 | 2,500,000.00 | 2,682,108.00 | 0.25 |
| 46613SSE1 | JEA Electric System Revenue | JACPWR | 5.0 | 10/01/2037 | 2,500,000.00 | 2,732,998.00 | 0.25 |
| 63608TAV2 | NEW Hampshire Business Finance Authority | NFAGEN | — | 12/15/2033 | 4,500,000.00 | 2,745,210.00 | 0.25 |
| 63607WAZ7 | NEW Hampshire Business Finance Authority | NFADEV | 4.18 | 11/20/2039 | 2,979,369.00 | 2,756,664.00 | 0.25 |
| 59333P7L6 | County Of Miami-dade Fl Aviation Revenue | MIATRN | 5.0 | 10/01/2034 | 2,500,000.00 | 2,692,406.00 | 0.25 |
| 312673FR2 | CITY Of Fayetteville Ar Sales & Use Tax | FAYGEN | 2.88 | 11/01/2032 | 2,780,000.00 | 2,742,329.00 | 0.25 |
| 373586HS8 | Georgia Ports Authority | GASTRN | 5.25 | 07/01/2043 | 2,500,000.00 | 2,640,483.00 | 0.24 |
| 347658ZA7 | CITY Of Fort Lauderdale Fl Water & Sewer | FORUTL | 5.5 | 09/01/2053 | 2,500,000.00 | 2,605,050.00 | 0.24 |
| 153476CZ7 | Central Florida Expressway Authority | ORLTRN | 5.0 | 07/01/2038 | 2,500,000.00 | 2,574,578.00 | 0.24 |
| 10623ADA8 | Brazos Higher Education Authority Inc | BRASTD | 5.0 | 04/01/2034 | 2,500,000.00 | 2,637,964.00 | 0.24 |
| 64613CGC6 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2041 | 2,500,000.00 | 2,583,976.00 | 0.24 |
| 452153AK5 | State Of Illinois | ILS | 5.0 | 03/01/2031 | 2,345,000.00 | 2,586,469.00 | 0.24 |
| 842475R80 | Southern California Public Power Authori | STNPWR | 3.7 | 07/01/2040 | 2,500,000.00 | 2,555,040.00 | 0.24 |
| 917393DB3 | County Of Utah Ut | UTSMED | 5.0 | 05/15/2043 | 2,545,000.00 | 2,575,448.00 | 0.24 |
| 84136FBT3 | Southeast Energy Authority A Cooperative | SEEPWR | 5.25 | 01/01/2054 | 2,500,000.00 | 2,644,884.00 | 0.24 |
| 79574CGN7 | SALT River Project Agricultural Improvem | SALAGR | 5.0 | 05/01/2042 | 2,500,000.00 | 2,640,651.00 | 0.24 |
| 70878CBQ7 | Pennsylvania Higher Education Assistance | PASSTD | 5.0 | 06/01/2033 | 2,500,000.00 | 2,638,648.00 | 0.24 |
| 709225LH7 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2043 | 2,500,000.00 | 2,578,610.00 | 0.24 |
| 74442PD93 | Public Finance Authority | PUBGEN | 5.5 | 12/15/2032 | 2,577,985.00 | 2,514,761.00 | 0.23 |
| 79467BCR4 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2026 | 2,430,000.00 | 2,448,456.00 | 0.23 |
| 79766DWV7 | SAN Francisco City & County Airport Comm | SFOAPT | 5.25 | 05/01/2043 | 2,500,000.00 | 2,539,256.00 | 0.23 |
| 452152U25 | State Of Illinois | ILS | 5.0 | 12/01/2039 | 2,500,000.00 | 2,505,535.00 | 0.23 |
| 45884AG31 | Intermountain Power Agency | INTPWR | 5.25 | 07/01/2045 | 2,500,000.00 | 2,542,299.00 | 0.23 |
| 54640TAK5 | Louisiana Public Facilities Authority | LASFAC | 5.0 | 10/01/2043 | 2,500,000.00 | 2,505,443.00 | 0.23 |
| 646136XQ9 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | — | 12/15/2040 | 5,000,000.00 | 2,438,243.00 | 0.23 |
| 63608TAS9 | NEW Hampshire Business Finance Authority | NFAGEN | 5.88 | 12/15/2033 | 2,500,000.00 | 2,511,728.00 | 0.23 |
| 603827K21 | Minneapolis-st Paul Metropolitan Airport | MINAPT | 5.0 | 01/01/2033 | 2,325,000.00 | 2,513,055.00 | 0.23 |
| 12008QAC3 | Build Nyc Resource Corp | BUIGEN | 5.5 | 07/01/2043 | 2,435,000.00 | 2,508,448.00 | 0.23 |
| 088379ZF2 | Bexar County Housing Finance Corp | BEXMFH | 4.05 | 03/01/2028 | 2,500,000.00 | 2,502,790.00 | 0.23 |
| 041818AB1 | Arlington Housing Finance Corp | ARLMFH | 4.5 | 04/01/2041 | 2,500,000.00 | 2,515,793.00 | 0.23 |
| 011903FV8 | Alaska Industrial Development & Export A | AKSDEV | 5.0 | 10/01/2026 | 2,385,000.00 | 2,442,329.00 | 0.23 |
| 249182LR5 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.0 | 12/01/2034 | 2,375,000.00 | 2,449,721.00 | 0.23 |
| 3137HCXR8 | Freddie Mac Multifamily Ml Certificates | FRETE | 4.69 | 10/01/2040 | 2,476,667.00 | 2,519,659.00 | 0.23 |
| 442349HY5 | CITY Of Houston Tx Airport System Revenu | HOUAPT | 5.5 | 07/15/2038 | 2,300,000.00 | 2,383,879.00 | 0.22 |
| 011903GL9 | Alaska Industrial Development & Export A | AKSDEV | 4.0 | 10/01/2049 | 3,000,000.00 | 2,398,454.00 | 0.22 |
| 19648FJS4 | Colorado Health Facilities Authority | COSMED | 5.0 | 08/01/2032 | 2,250,000.00 | 2,381,847.00 | 0.22 |
| 167736L62 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2036 | 2,390,000.00 | 2,427,636.00 | 0.22 |
| 64613CEL8 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2034 | 2,100,000.00 | 2,350,093.00 | 0.22 |
| 55374SAC4 | M-s-r Energy Authority | MSRPWR | 6.5 | 11/01/2039 | 2,000,000.00 | 2,372,777.00 | 0.22 |
| 56042SEC0 | Maine Health & Higher Educational Facili | MESMED | 5.0 | 10/01/2039 | 2,285,000.00 | 2,387,306.00 | 0.22 |
| 452252QB8 | Illinois State Toll Highway Authority | ILSTRN | 5.25 | 01/01/2043 | 2,250,000.00 | 2,355,313.00 | 0.22 |
| 852640AC5 | Stamford Housing Authority | STMHSG | 4.25 | 10/01/2030 | 2,400,000.00 | 2,432,588.00 | 0.22 |
| 709235XF7 | Pennsylvania State University/the | PSUHGR | 5.0 | 09/01/2041 | 2,400,000.00 | 2,417,793.00 | 0.22 |
| 68450LGA7 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2026 | 2,275,000.00 | 2,329,109.00 | 0.22 |
| 70342PAR5 | Patriots Energy Group Financing Agency | PEGUTL | 5.25 | 02/01/2054 | 2,250,000.00 | 2,432,384.00 | 0.22 |
| 67766WM74 | OHIO Water Development Authority Water P | OHSPOL | 5.0 | 12/01/2033 | 2,000,000.00 | 2,278,024.00 | 0.21 |
| 6500358B7 | Empire State Development Corp | NYSDEV | 5.0 | 03/15/2042 | 2,255,000.00 | 2,280,418.00 | 0.21 |
| 79575EAM0 | SALT Verde Financial Corp | SLTPWR | 5.25 | 12/01/2026 | 2,180,000.00 | 2,233,224.00 | 0.21 |
| 92708HAG9 | Village Community Development District N | VILDEV | 2.63 | 05/01/2030 | 2,405,000.00 | 2,240,076.00 | 0.21 |
| 898526FF0 | Tsasc Inc/ny | TSA | 5.0 | 06/01/2041 | 2,405,000.00 | 2,323,713.00 | 0.21 |
| 45471APH9 | Indiana Finance Authority | INSFIN | 5.0 | 12/01/2025 | 2,280,000.00 | 2,293,502.00 | 0.21 |
| 040507HN8 | Arizona Health Facilities Authority | AZSMED | 2.87 | 01/02/2037 | 2,265,000.00 | 2,237,988.00 | 0.21 |
| 20774YJ99 | Connecticut State Health & Educational F | CTSMED | 2.0 | 07/01/2042 | 2,310,000.00 | 2,298,016.00 | 0.21 |
| 207758XS7 | State Of Connecticut Special Tax Revenue | CTSGEN | 5.0 | 01/01/2038 | 2,195,000.00 | 2,250,911.00 | 0.21 |
| 213248DE4 | County Of Cook Il Sales Tax Revenue | COOGEN | 5.25 | 11/15/2045 | 2,155,000.00 | 2,197,599.00 | 0.20 |
| 26822LDS0 | E-470 Public Highway Authority | EHYTRN | — | 09/01/2025 | 2,140,000.00 | 2,140,000.00 | 0.20 |
| 41423PDB0 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2035 | 2,000,000.00 | 2,206,699.00 | 0.20 |
| 397090HP9 | County Of Greenwood Sc | GRWMED | 5.0 | 10/01/2025 | 2,185,000.00 | 2,189,029.00 | 0.20 |
| 40065NDE4 | Territory Of Guam | GMSGEN | 5.25 | 01/01/2038 | 2,000,000.00 | 2,124,556.00 | 0.20 |
| 362762RA6 | Gainesville & Hall County Hospital Autho | GAIMED | 5.0 | 10/15/2034 | 2,000,000.00 | 2,215,675.00 | 0.20 |
| 364568JL0 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 6.0 | 08/01/2043 | 2,000,000.00 | 2,116,760.00 | 0.20 |
| 02765USA3 | American Municipal Power Inc | AMEPWR | 5.0 | 02/15/2039 | 2,000,000.00 | 2,134,485.00 | 0.20 |
| 165588FP4 | Chester County Industrial Development Au | CHEDEV | 5.0 | 03/01/2027 | 2,140,000.00 | 2,169,773.00 | 0.20 |
| 594712YD7 | Michigan State University | MISHGR | 5.0 | 08/15/2039 | 2,000,000.00 | 2,116,665.00 | 0.20 |
| 59447TK44 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2030 | 2,000,000.00 | 2,155,491.00 | 0.20 |
| 917567HP7 | UTAH Transit Authority | UTSTRN | 5.0 | 06/15/2040 | 2,000,000.00 | 2,146,599.00 | 0.20 |
| 88283KBQ0 | Central Texas Turnpike System | TXSTRN | 5.0 | 08/15/2042 | 2,000,000.00 | 2,165,932.00 | 0.20 |
| 896224BA9 | County Of Trimble Ky | TRMPOL | 1.3 | 09/01/2044 | 2,250,000.00 | 2,130,679.00 | 0.20 |
| 795576MQ7 | CITY Of Salt Lake City Ut Airport Revenu | SALAPT | 5.0 | 07/01/2036 | 2,000,000.00 | 2,118,530.00 | 0.20 |
| 762323DQ3 | Rhode Island Student Loan Authority | RISSTD | 5.0 | 12/01/2032 | 2,000,000.00 | 2,112,872.00 | 0.20 |
| 679111F74 | Oklahoma Turnpike Authority | OKSTRN | 5.0 | 01/01/2040 | 2,000,000.00 | 2,145,068.00 | 0.20 |
| 709225RE8 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2038 | 2,000,000.00 | 2,164,969.00 | 0.20 |
| 92708HAD6 | Village Community Development District N | VILDEV | 3.55 | 05/01/2039 | 2,625,000.00 | 2,202,078.00 | 0.20 |
| 982674KZ5 | Wyandotte County-kansas City Unified Gov | WYAUTL | 5.0 | 09/01/2045 | 2,170,000.00 | 2,142,007.00 | 0.20 |
| 93974D4H8 | State Of Washington | WAS | 5.0 | 08/01/2042 | 2,000,000.00 | 2,028,140.00 | 0.19 |
| 96634RAU6 | CITY Of Whiting In | WHGFAC | 5.0 | 12/01/2044 | 2,025,000.00 | 2,050,131.00 | 0.19 |
| 709224PC7 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 06/01/2029 | 1,985,000.00 | 2,017,861.00 | 0.19 |
| 709224WR6 | Pennsylvania Turnpike Commission | PASTRN | 5.25 | 06/01/2047 | 2,000,000.00 | 2,002,582.00 | 0.19 |
| 73358XNJ7 | PORT Authority Of New York & New Jersey | PORTRN | 5.0 | 09/01/2030 | 1,875,000.00 | 2,030,321.00 | 0.19 |
| 650116GV2 | NEW York Transportation Development Corp | NYTTRN | 5.5 | 06/30/2043 | 2,000,000.00 | 2,050,230.00 | 0.19 |
| 668865AB4 | Norwalk Housing Authority | NORMFH | 3.05 | 09/01/2058 | 2,000,000.00 | 2,006,896.00 | 0.19 |
| 84136HAK9 | Southeast Energy Authority A Cooperative | SEEPWR | 5.0 | 11/01/2026 | 2,060,000.00 | 2,095,674.00 | 0.19 |
| 79625GLN1 | CITY Of San Antonio Tx Electric & Gas Sy | SANUTL | 5.0 | 02/01/2041 | 2,000,000.00 | 2,085,971.00 | 0.19 |
| 88283KCG1 | Central Texas Turnpike System | TXSTRN | 5.0 | 08/15/2041 | 2,000,000.00 | 2,077,807.00 | 0.19 |
| 888808HP0 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2037 | 2,000,000.00 | 2,023,038.00 | 0.19 |
| 59447TK69 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2032 | 1,950,000.00 | 2,078,033.00 | 0.19 |
| 593344CB8 | Miami-dade County Housing Finance Author | MIAMFH | 3.25 | 02/01/2044 | 2,000,000.00 | 2,007,425.00 | 0.19 |
| 63608TAY6 | NEW Hampshire Business Finance Authority | NFAGEN | 5.63 | 06/01/2039 | 2,000,000.00 | 2,017,915.00 | 0.19 |
| 64613CEV6 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.25 | 06/15/2041 | 1,910,000.00 | 2,022,618.00 | 0.19 |
| 64613CCV8 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.25 | 06/15/2041 | 2,000,000.00 | 2,106,442.00 | 0.19 |
| 646080ZA2 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2027 | 2,000,000.00 | 2,067,668.00 | 0.19 |
| 646140GD9 | NEW Jersey Turnpike Authority | NJSTRN | 5.0 | 01/01/2045 | 2,000,000.00 | 2,053,525.00 | 0.19 |
| 649870NF5 | NEW York State Housing Finance Agency | NYSHSG | 3.45 | 06/15/2054 | 2,000,000.00 | 2,018,179.00 | 0.19 |
| 64971XAT5 | NEW York City Transitional Finance Autho | NYCGEN | 5.0 | 08/01/2038 | 2,000,000.00 | 2,037,636.00 | 0.19 |
| 452153JW0 | State Of Illinois | ILS | 5.0 | 05/01/2039 | 2,025,000.00 | 2,105,202.00 | 0.19 |
| 44244CS24 | CITY Of Houston Tx Combined Utility Syst | HOUUTL | 5.0 | 11/15/2025 | 2,000,000.00 | 2,010,320.00 | 0.19 |
| 57585BAM0 | Massachusetts Development Finance Agency | MASDEV | 4.0 | 02/15/2036 | 2,000,000.00 | 2,086,350.00 | 0.19 |
| 592647LA7 | Metropolitan Washington Airports Authori | METAPT | 5.0 | 10/01/2029 | 1,915,000.00 | 2,072,000.00 | 0.19 |
| 13013JCM6 | California Community Choice Financing Au | CCEDEV | 5.25 | 01/01/2054 | 2,000,000.00 | 2,109,850.00 | 0.19 |
| 154872AY1 | Central Plains Energy Project | CENPWR | 5.0 | 08/01/2055 | 1,950,000.00 | 2,084,902.00 | 0.19 |
| 167593WQ1 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2042 | 2,000,000.00 | 2,016,101.00 | 0.19 |
| 187145WD5 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2037 | 1,920,000.00 | 2,059,715.00 | 0.19 |
| 04780MX61 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2043 | 2,000,000.00 | 2,060,165.00 | 0.19 |
| 43233KAQ7 | Hillsborough County Industrial Developme | HILMEC | 5.0 | 11/15/2041 | 2,010,000.00 | 2,091,837.00 | 0.19 |
| 45203PAC8 | Illinois Finance Authority | ILSTRN | 4.8 | 12/01/2043 | 2,000,000.00 | 2,020,618.00 | 0.19 |
| 249182QU3 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2042 | 1,875,000.00 | 1,955,479.00 | 0.18 |
| 240471PE6 | Dekalb County Housing Authority | DEKMFH | 4.0 | 03/01/2034 | 2,000,000.00 | 1,970,029.00 | 0.18 |
| 187145UT2 | Clifton Higher Education Finance Corp | CLIEDU | 4.0 | 02/15/2055 | 1,815,000.00 | 1,894,315.00 | 0.18 |
| 167736F77 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2027 | 1,865,000.00 | 1,912,507.00 | 0.18 |
| 546395R63 | Louisiana Public Facilities Authority | LASMED | 5.0 | 07/01/2039 | 1,990,000.00 | 1,991,333.00 | 0.18 |
| 452252JW0 | Illinois State Toll Highway Authority | ILSTRN | 5.0 | 01/01/2039 | 2,000,000.00 | 2,000,096.00 | 0.18 |
| 63608TAB6 | NEW Hampshire Business Finance Authority | NFAGEN | 5.25 | 12/01/2035 | 2,000,000.00 | 1,988,713.00 | 0.18 |
| 63608TAF7 | NEW Hampshire Business Finance Authority | NFAGEN | 5.0 | 12/01/2028 | 2,000,000.00 | 1,989,080.00 | 0.18 |
| 59447TK51 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2031 | 1,800,000.00 | 1,936,836.00 | 0.18 |
| 882667CJ5 | Texas Private Activity Bond Surface Tran | TXSTRN | 5.5 | 06/30/2040 | 1,900,000.00 | 1,982,267.00 | 0.18 |
| 89602HAE7 | Triborough Bridge & Tunnel Authority | TRBTRN | 2.0 | 05/15/2045 | 2,000,000.00 | 1,924,872.00 | 0.18 |
| 751814AA2 | CITY Of Ramsey Mn | RAMEDU | 5.0 | 06/01/2032 | 2,000,000.00 | 1,974,422.00 | 0.18 |
| 79574CFL2 | SALT River Project Agricultural Improvem | SALAGR | 5.0 | 01/01/2047 | 1,925,000.00 | 1,968,518.00 | 0.18 |
| 74442PL86 | Public Finance Authority | PUBGEN | 5.0 | 12/15/2036 | 1,999,101.00 | 1,963,384.00 | 0.18 |
| 71883MLF9 | CITY Of Phoenix Civic Improvement Corp | PHOAPT | 5.0 | 07/01/2047 | 2,000,000.00 | 1,896,887.00 | 0.18 |
| 95648VBV0 | WEST Virginia Economic Development Autho | WVSDEV | 4.63 | 04/15/2055 | 2,000,000.00 | 1,953,524.00 | 0.18 |
| 956510AW1 | WEST Virginia Parkways Authority | WVSTRN | 5.0 | 06/01/2039 | 1,750,000.00 | 1,788,643.00 | 0.17 |
| 735389C55 | PORT Of Seattle Wa | PTSGEN | 5.0 | 05/01/2026 | 1,800,000.00 | 1,827,274.00 | 0.17 |
| 882723ZV4 | State Of Texas | TXS | 5.0 | 10/01/2036 | 1,870,000.00 | 1,871,271.00 | 0.17 |
| 928104NG9 | Virginia Small Business Financing Author | VASDEV | 4.0 | 01/01/2030 | 1,750,000.00 | 1,793,401.00 | 0.17 |
| 592190NS7 | Metropolitan Nashville Airport Authority | MNVAPT | 5.0 | 07/01/2027 | 1,800,000.00 | 1,862,682.00 | 0.17 |
| 63610FBL9 | NEW Hampshire Business Finance Authority | NFADEV | 5.25 | 06/01/2051 | 1,820,000.00 | 1,841,628.00 | 0.17 |
| 63607WBD5 | NEW Hampshire Business Finance Authority | NFADEV | 4.17 | 01/20/2041 | 1,992,823.00 | 1,870,473.00 | 0.17 |
| 153476DC7 | Central Florida Expressway Authority | ORLTRN | 4.0 | 07/01/2041 | 2,000,000.00 | 1,823,938.00 | 0.17 |
| 3922742C9 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2038 | 1,810,000.00 | 1,846,101.00 | 0.17 |
| 207743YG4 | Connecticut State Higher Education Suppl | CTSSTD | 5.25 | 11/15/2033 | 1,630,000.00 | 1,744,124.00 | 0.16 |
| 23503CDW4 | Dallas Fort Worth International Airport | DALAPT | 5.0 | 11/01/2034 | 1,500,000.00 | 1,698,226.00 | 0.16 |
| 015330FB4 | Alexandria Redevelopment & Housing Autho | ALEMFH | 3.4 | 12/01/2054 | 1,750,000.00 | 1,751,649.00 | 0.16 |
| 121342QM4 | Development Authority Of Burke County/th | BURPOL | 3.7 | 10/01/2032 | 1,685,000.00 | 1,708,338.00 | 0.16 |
| 452227UY5 | State Of Illinois Sales Tax Revenue | ILSGEN | 5.0 | 06/15/2028 | 1,650,000.00 | 1,755,541.00 | 0.16 |
| 45528VBD0 | Indianapolis Local Public Improvement Bo | INPBBK | 5.0 | 01/01/2032 | 1,600,000.00 | 1,742,732.00 | 0.16 |
| 888808HG0 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2031 | 1,650,000.00 | 1,714,745.00 | 0.16 |
| 676295GB8 | Ogden City School District | OGDSCD | 1.63 | 06/15/2034 | 2,200,000.00 | 1,748,411.00 | 0.16 |
| 66285WSJ6 | North Texas Tollway Authority | NRTTRN | 5.0 | 01/01/2030 | 1,765,000.00 | 1,777,892.00 | 0.16 |
| 676295FZ6 | Ogden City School District | OGDSCD | 1.38 | 06/15/2032 | 2,010,000.00 | 1,673,982.00 | 0.15 |
| 735389E20 | PORT Of Seattle Wa | PTSGEN | 5.0 | 05/01/2043 | 1,675,000.00 | 1,628,017.00 | 0.15 |
| 73358XNH1 | PORT Authority Of New York & New Jersey | PORTRN | 5.0 | 09/01/2028 | 1,500,000.00 | 1,586,125.00 | 0.15 |
| 899661EN8 | Tulsa Municipal Airport Trust Trustees/o | TULAPT | 6.25 | 12/01/2040 | 1,500,000.00 | 1,616,142.00 | 0.15 |
| 79467BCV5 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2030 | 1,500,000.00 | 1,638,373.00 | 0.15 |
| 87638TJU8 | Tarrant County Cultural Education Facili | TAREDU | 5.0 | 11/15/2064 | 1,500,000.00 | 1,654,729.00 | 0.15 |
| 54811BZT1 | Lower Colorado River Authority | LWCGEN | 6.0 | 05/15/2052 | 1,500,000.00 | 1,580,129.00 | 0.15 |
| 646080ZB0 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2028 | 1,500,000.00 | 1,569,698.00 | 0.15 |
| 64971X4D7 | NEW York City Transitional Finance Autho | NYCGEN | 5.5 | 11/01/2045 | 1,560,000.00 | 1,643,263.00 | 0.15 |
| 011903GA3 | Alaska Industrial Development & Export A | AKSDEV | 5.0 | 10/01/2031 | 1,555,000.00 | 1,651,643.00 | 0.15 |
| 1675934P4 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2043 | 1,625,000.00 | 1,648,653.00 | 0.15 |
| 392274Z25 | Greater Orlando Aviation Authority | GREAPT | 5.0 | 10/01/2028 | 1,500,000.00 | 1,599,160.00 | 0.15 |
| 45204FGS8 | Illinois Finance Authority | ILSGEN | 5.0 | 10/01/2025 | 1,505,000.00 | 1,507,844.00 | 0.14 |
| 207758YM9 | State Of Connecticut Special Tax Revenue | CTSGEN | 5.0 | 10/01/2037 | 1,440,000.00 | 1,498,569.00 | 0.14 |
| 29414WAA6 | EP Tuscany Zaragosa Pfc | EPTMFH | 4.0 | 12/01/2033 | 1,500,000.00 | 1,505,813.00 | 0.14 |
| 1675935Z1 | Chicago O'hare International Airport | CHITRN | 5.25 | 01/01/2041 | 1,500,000.00 | 1,558,109.00 | 0.14 |
| 645790KE5 | NEW Jersey Health Care Facilities Financ | NJSMED | 5.0 | 07/01/2039 | 1,500,000.00 | 1,518,976.00 | 0.14 |
| 472682ZM8 | County Of Jefferson Al Sewer Revenue | JEFUTL | 5.25 | 10/01/2042 | 1,500,000.00 | 1,548,274.00 | 0.14 |
| 4521525E7 | State Of Illinois | ILS | 5.0 | 11/01/2025 | 1,500,000.00 | 1,505,331.00 | 0.14 |
| 92708HAM6 | Village Community Development District N | VILDEV | 2.55 | 05/01/2031 | 1,630,000.00 | 1,512,987.00 | 0.14 |
| 650116GY6 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 06/30/2054 | 1,500,000.00 | 1,520,370.00 | 0.14 |
| 68450LEH4 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2033 | 1,510,000.00 | 1,533,542.00 | 0.14 |
| 677525WV5 | OHIO Air Quality Development Authority | OHSDEV | 4.25 | 11/01/2039 | 1,500,000.00 | 1,525,882.00 | 0.14 |
| 677525WZ6 | OHIO Air Quality Development Authority | OHSDEV | 3.75 | 01/01/2029 | 1,500,000.00 | 1,493,411.00 | 0.14 |
| 69068WAA1 | County Of Owen Ky | OWNWTR | 2.45 | 06/01/2039 | 1,500,000.00 | 1,442,531.00 | 0.13 |
| 73358XFN7 | PORT Authority Of New York & New Jersey | PORTRN | 5.5 | 08/01/2040 | 1,290,000.00 | 1,374,090.00 | 0.13 |
| 717817YR5 | CITY Of Philadelphia Pa Airport Revenue | PHIAPT | 5.0 | 07/01/2036 | 1,335,000.00 | 1,415,436.00 | 0.13 |
| 709224MJ5 | Pennsylvania Turnpike Commission | PASTRN | 5.0 | 12/01/2025 | 1,425,000.00 | 1,433,049.00 | 0.13 |
| 888808HC9 | Tobacco Settlement Financing Corp | TOBGEN | 5.0 | 06/01/2027 | 1,335,000.00 | 1,377,201.00 | 0.13 |
| 74529JQF5 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | — | 07/01/2033 | 1,962,000.00 | 1,430,131.00 | 0.13 |
| 97712JHF3 | Wisconsin Health & Educational Facilitie | WISMED | 5.0 | 08/01/2027 | 1,400,000.00 | 1,408,891.00 | 0.13 |
| 54241AAY9 | LONG Beach Bond Finance Authority | LONUTL | 5.0 | 11/15/2035 | 1,300,000.00 | 1,393,506.00 | 0.13 |
| 544532PA6 | LOS Angeles Department Of Water & Power | LOSUTL | 5.0 | 07/01/2028 | 1,285,000.00 | 1,352,797.00 | 0.13 |
| 54811BH87 | Lower Colorado River Authority | LWCGEN | 5.0 | 05/15/2027 | 1,335,000.00 | 1,391,893.00 | 0.13 |
| 6461365W7 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2033 | 1,300,000.00 | 1,375,878.00 | 0.13 |
| 6262074P6 | Municipal Electric Authority Of Georgia | MELPWR | 5.0 | 01/01/2026 | 1,425,000.00 | 1,436,521.00 | 0.13 |
| 63608TAA8 | NEW Hampshire Business Finance Authority | NFAGEN | 4.88 | 12/01/2033 | 1,400,000.00 | 1,399,691.00 | 0.13 |
| 63608TAD2 | NEW Hampshire Business Finance Authority | NFAGEN | 5.13 | 12/15/2030 | 1,430,000.00 | 1,423,970.00 | 0.13 |
| 187145WB9 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2035 | 1,250,000.00 | 1,369,743.00 | 0.13 |
| 01179RE58 | Alaska Municipal Bond Bank Authority | AKMBBK | 5.0 | 12/01/2026 | 1,350,000.00 | 1,393,662.00 | 0.13 |
| 25483VQW7 | District Of Columbia | DISREV | 5.0 | 06/01/2036 | 1,385,000.00 | 1,391,393.00 | 0.13 |
| 246579ER3 | Delaware Valley Regional Finance Authori | DLVGEN | 5.5 | 08/01/2028 | 1,280,000.00 | 1,389,680.00 | 0.13 |
| 45204FWF8 | Illinois Finance Authority | ILSGEN | 5.0 | 04/01/2034 | 1,250,000.00 | 1,407,006.00 | 0.13 |
| 407288H77 | County Of Hamilton Oh Sewer System Reven | HAMUTL | 5.0 | 12/01/2030 | 1,250,000.00 | 1,401,315.00 | 0.13 |
| 34073TGB7 | Florida Higher Educational Facilities Fi | FLSHGR | 5.0 | 04/01/2028 | 1,420,000.00 | 1,437,744.00 | 0.13 |
| 311450GA2 | CITY Of Farmington Nm | FARPOL | 1.8 | 04/01/2029 | 1,500,000.00 | 1,392,461.00 | 0.13 |
| 41423PDT1 | County Of Harris Tx Toll Road Revenue | HARTRN | 5.0 | 08/15/2040 | 1,225,000.00 | 1,296,847.00 | 0.12 |
| 259230PJ3 | Douglas County Hospital Authority No 2 | DOUMED | 5.0 | 11/15/2053 | 1,270,000.00 | 1,271,457.00 | 0.12 |
| 19648FYG3 | Colorado Health Facilities Authority | COSMED | 5.0 | 05/15/2044 | 1,250,000.00 | 1,268,736.00 | 0.12 |
| 187145UB1 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2038 | 1,200,000.00 | 1,261,362.00 | 0.12 |
| 60411PBE0 | Minnesota Rural Water Finance Authority | MNSWTR | 3.3 | 08/01/2026 | 1,300,000.00 | 1,305,477.00 | 0.12 |
| 59447NBC9 | Michigan Finance Authority | MGFFAC | 5.5 | 02/28/2049 | 1,245,000.00 | 1,269,142.00 | 0.12 |
| 64579XEL4 | NEW Jersey Health Care Facilities Financ | NJSMED | 5.0 | 09/15/2025 | 1,250,000.00 | 1,251,085.00 | 0.12 |
| 452153GM5 | State Of Illinois | ILS | 5.0 | 07/01/2036 | 1,225,000.00 | 1,295,802.00 | 0.12 |
| 491552W27 | Kentucky Turnpike Authority | KYSTRN | 5.0 | 07/01/2026 | 1,310,000.00 | 1,339,444.00 | 0.12 |
| 935031AG9 | County Of Warren Ms | WARIMP | 4.0 | 09/01/2032 | 1,250,000.00 | 1,266,800.00 | 0.12 |
| 650116GN0 | NEW York Transportation Development Corp | NYTTRN | 6.0 | 04/01/2035 | 1,250,000.00 | 1,348,513.00 | 0.12 |
| 66585VBM6 | Northern Tobacco Securitization Corp | NRTFAC | 5.0 | 06/01/2031 | 1,175,000.00 | 1,267,150.00 | 0.12 |
| 66285WVQ6 | North Texas Tollway Authority | NRTTRN | 5.0 | 01/01/2028 | 1,180,000.00 | 1,189,402.00 | 0.11 |
| 676295GA0 | Ogden City School District | OGDSCD | 1.5 | 06/15/2033 | 1,420,000.00 | 1,154,282.00 | 0.11 |
| 708692BU1 | Pennsylvania Economic Development Financ | PASDEV | 1.1 | 06/01/2031 | 1,250,000.00 | 1,215,167.00 | 0.11 |
| 93778DAA4 | Washington County Community Development | WCHDEV | 3.68 | 09/01/2026 | 1,200,000.00 | 1,200,000.00 | 0.11 |
| 75076PBA2 | Railsplitter Tobacco Settlement Authorit | RAIGEN | 5.0 | 06/01/2028 | 1,175,000.00 | 1,197,686.00 | 0.11 |
| 803301CW8 | Sarasota County Public Hospital District | SARMED | 5.0 | 07/01/2028 | 1,160,000.00 | 1,238,745.00 | 0.11 |
| 93974E2F2 | State Of Washington | WAS | 5.0 | 08/01/2040 | 1,100,000.00 | 1,176,532.00 | 0.11 |
| 452152P21 | State Of Illinois | ILS | 5.0 | 11/01/2029 | 1,100,000.00 | 1,147,564.00 | 0.11 |
| 550728AF6 | Luzerne County Industrial Development Au | LUZDEV | 2.45 | 12/01/2039 | 1,250,000.00 | 1,158,770.00 | 0.11 |
| 56682HCL1 | Maricopa County Industrial Development A | MARDEV | 5.0 | 01/01/2041 | 1,140,000.00 | 1,148,210.00 | 0.11 |
| 645780FL6 | NEW Jersey Economic Development Authorit | NJSWTR | 2.2 | 10/01/2039 | 1,250,000.00 | 1,152,667.00 | 0.11 |
| 60374VEX7 | CITY Of Minneapolis Mn | MINMED | 5.0 | 11/15/2053 | 1,120,000.00 | 1,204,327.00 | 0.11 |
| 63608TAE0 | NEW Hampshire Business Finance Authority | NFAGEN | 5.3 | 12/01/2032 | 1,240,000.00 | 1,225,563.00 | 0.11 |
| 161036VV7 | CITY Of Charlotte Nc Airport Revenue | CHAAPT | 5.0 | 07/01/2030 | 1,125,000.00 | 1,224,490.00 | 0.11 |
| 155498MY1 | Central Texas Regional Mobility Authorit | CTXGEN | 5.0 | 01/01/2029 | 1,085,000.00 | 1,167,710.00 | 0.11 |
| 01757LGV2 | County Of Allen Oh Hospital Facilities R | ALLMED | 5.0 | 12/01/2030 | 1,100,000.00 | 1,203,227.00 | 0.11 |
| 12008QAB5 | Build Nyc Resource Corp | BUIGEN | 5.5 | 07/01/2042 | 1,120,000.00 | 1,163,335.00 | 0.11 |
| 20282EAQ9 | Commonwealth Financing Authority | CMNGEN | 5.0 | 06/01/2034 | 1,170,000.00 | 1,206,876.00 | 0.11 |
| 197479AA6 | Columbia County Hospital Authority/ga | CLHMED | 5.13 | 04/01/2048 | 1,220,000.00 | 1,215,199.00 | 0.11 |
| 23503CDY0 | Dallas Fort Worth International Airport | DALAPT | 5.0 | 11/01/2036 | 1,125,000.00 | 1,238,289.00 | 0.11 |
| 25483VVP6 | District Of Columbia | DISREV | 5.0 | 07/01/2049 | 1,275,000.00 | 1,191,532.00 | 0.11 |
| 249182LG9 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.0 | 12/01/2035 | 1,130,000.00 | 1,159,481.00 | 0.11 |
| 303823MY1 | Fairfax County Industrial Development Au | FAIDEV | 5.0 | 05/15/2057 | 1,100,000.00 | 1,194,424.00 | 0.11 |
| 364568KB0 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2040 | 1,150,000.00 | 1,198,659.00 | 0.11 |
| 249182TD8 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.75 | 11/15/2035 | 1,000,000.00 | 1,113,601.00 | 0.10 |
| 249182VC7 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2041 | 1,000,000.00 | 1,068,167.00 | 0.10 |
| 249182VD5 | CITY & County Of Denver Co Airport Syste | DENAPT | 5.5 | 11/15/2042 | 1,000,000.00 | 1,061,470.00 | 0.10 |
| 0117706L3 | State Of Alaska | AKS | 5.0 | 08/01/2035 | 1,000,000.00 | 1,126,959.00 | 0.10 |
| 04780MX46 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2041 | 1,000,000.00 | 1,048,970.00 | 0.10 |
| 13049YCP4 | California Municipal Finance Authority | CASFIN | 5.0 | 05/15/2029 | 1,000,000.00 | 1,065,912.00 | 0.10 |
| 167486V97 | CITY Of Chicago Il | CHI | 6.0 | 01/01/2043 | 1,000,000.00 | 1,059,880.00 | 0.10 |
| 187145UC9 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2039 | 1,000,000.00 | 1,044,895.00 | 0.10 |
| 187145SS7 | Clifton Higher Education Finance Corp | CLIEDU | 5.0 | 08/15/2039 | 1,000,000.00 | 1,045,278.00 | 0.10 |
| 62620HJU7 | Municipal Electric Authority Of Georgia | MELPWR | 5.25 | 01/01/2041 | 1,000,000.00 | 1,064,022.00 | 0.10 |
| 59447T3J0 | Michigan Finance Authority | MISFIN | 5.0 | 04/15/2029 | 1,000,000.00 | 1,086,314.00 | 0.10 |
| 59447TL92 | Michigan Finance Authority | MISFIN | 5.0 | 06/01/2049 | 1,120,000.00 | 1,087,813.00 | 0.10 |
| 64577XEY8 | NEW Jersey Economic Development Authorit | NJSDEV | 5.25 | 06/15/2036 | 1,000,000.00 | 1,107,241.00 | 0.10 |
| 64966SHA7 | CITY Of New York Ny | NYC | 5.0 | 09/01/2041 | 1,000,000.00 | 1,042,081.00 | 0.10 |
| 64972GKL7 | NEW York City Municipal Water Finance Au | NYCUTL | 5.25 | 06/15/2037 | 1,000,000.00 | 1,028,865.00 | 0.10 |
| 574300PS2 | Maryland State Transportation Authority | MDSTRN | 5.0 | 07/01/2041 | 1,045,000.00 | 1,097,351.00 | 0.10 |
| 57563RTY5 | Massachusetts Educational Financing Auth | MASEDU | 5.0 | 07/01/2028 | 1,000,000.00 | 1,044,921.00 | 0.10 |
| 544552C59 | PORT Of Los Angeles | LOSTRN | 5.0 | 08/01/2034 | 1,000,000.00 | 1,115,260.00 | 0.10 |
| 46613SSG6 | JEA Electric System Revenue | JACPWR | 5.0 | 10/01/2039 | 1,000,000.00 | 1,068,136.00 | 0.10 |
| 837032BM2 | South Carolina Jobs-economic Development | SCSMED | 5.0 | 11/01/2034 | 1,000,000.00 | 1,099,827.00 | 0.10 |
| 837032BU4 | South Carolina Jobs-economic Development | SCSMED | 5.25 | 11/01/2041 | 1,000,000.00 | 1,046,743.00 | 0.10 |
| 79625GLA9 | CITY Of San Antonio Tx Electric & Gas Sy | SANUTL | 5.5 | 02/01/2049 | 1,000,000.00 | 1,050,369.00 | 0.10 |
| 83755VW83 | South Dakota Health & Educational Facili | SDSMED | 5.0 | 11/01/2051 | 1,000,000.00 | 1,092,532.00 | 0.10 |
| 838536NP1 | South Jersey Transportation Authority | SJPTRN | 5.0 | 11/01/2039 | 1,000,000.00 | 1,057,024.00 | 0.10 |
| 838810EE5 | CITY Of South Miami Health Facilities Au | SMIMED | 5.0 | 08/15/2047 | 1,075,000.00 | 1,043,639.00 | 0.10 |
| 74528LAA9 | Puerto Rico Industrial Tourist Education | PRCPOL | 6.75 | 01/01/2045 | 1,000,000.00 | 1,108,646.00 | 0.10 |
| 677523AX0 | State Of Ohio | OHS | 5.0 | 03/15/2027 | 1,000,000.00 | 1,041,731.00 | 0.10 |
| 64990FJE5 | NEW York State Dormitory Authority | NYSHGR | 5.25 | 03/15/2037 | 1,000,000.00 | 1,050,526.00 | 0.10 |
| 71783MBL8 | Philadelphia Gas Works Co | PHIUTL | 5.0 | 08/01/2029 | 1,000,000.00 | 1,082,269.00 | 0.10 |
| 717901BK7 | Philadelphia Authority For Industrial De | PHIMED | 4.0 | 07/01/2037 | 1,075,000.00 | 1,036,945.00 | 0.10 |
| 74440DCM4 | Kentucky Public Energy Authority | KYSPWR | 4.0 | 02/01/2050 | 920,000.00 | 933,999.00 | 0.09 |
| 74442PL60 | Public Finance Authority | PUBGEN | 4.0 | 10/01/2041 | 910,000.00 | 937,766.00 | 0.09 |
| 650116AR7 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 07/01/2046 | 1,000,000.00 | 955,116.00 | 0.09 |
| 68450LEQ4 | Orange County Health Facilities Authorit | ORAMED | 5.0 | 10/01/2044 | 1,000,000.00 | 983,554.00 | 0.09 |
| 499526BK6 | KNOX County Health Educational & Housing | KNOMED | 5.25 | 07/01/2064 | 1,000,000.00 | 995,082.00 | 0.09 |
| 45506EPE7 | Indiana Finance Authority | INSFIN | 3.75 | 05/15/2032 | 1,000,000.00 | 976,916.00 | 0.09 |
| 452153KC2 | State Of Illinois | ILS | 5.25 | 05/01/2045 | 1,000,000.00 | 1,015,076.00 | 0.09 |
| 546068AZ0 | Louisa Industrial Development Authority | LOUPOL | 3.13 | 11/01/2035 | 1,000,000.00 | 1,008,609.00 | 0.09 |
| 54628C2X9 | Louisiana Local Government Environmental | LASFAC | 4.25 | 11/15/2030 | 1,000,000.00 | 983,969.00 | 0.09 |
| 523470HU9 | County Of Lee Fl Airport Revenue | LEEAPT | 5.25 | 10/01/2043 | 1,000,000.00 | 1,026,393.00 | 0.09 |
| 52349EER7 | LEE County Industrial Development Author | LEEMED | 4.75 | 11/15/2029 | 1,000,000.00 | 1,007,738.00 | 0.09 |
| 52349EET3 | LEE County Industrial Development Author | LEEMED | 4.13 | 11/15/2029 | 1,000,000.00 | 1,004,109.00 | 0.09 |
| 64613CGD4 | NEW Jersey Transportation Trust Fund Aut | NJSTRN | 5.0 | 06/15/2042 | 1,000,000.00 | 1,024,820.00 | 0.09 |
| 62620HJW3 | Municipal Electric Authority Of Georgia | MELPWR | 5.0 | 01/01/2043 | 1,000,000.00 | 1,027,819.00 | 0.09 |
| 64461XJZ9 | NEW Hampshire Health And Education Facil | NHSMED | 3.3 | 06/01/2038 | 1,000,000.00 | 1,009,068.00 | 0.09 |
| 167727YK6 | CITY Of Chicago Il Wastewater Transmissi | CHIUTL | 5.0 | 01/01/2047 | 1,000,000.00 | 988,930.00 | 0.09 |
| 167486WY1 | CITY Of Chicago Il | CHI | 5.0 | 01/01/2026 | 1,000,000.00 | 1,007,524.00 | 0.09 |
| 167486P78 | CITY Of Chicago Il | CHI | 5.5 | 01/01/2041 | 1,000,000.00 | 1,015,496.00 | 0.09 |
| 04780MX79 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.25 | 07/01/2044 | 1,000,000.00 | 1,024,881.00 | 0.09 |
| 041807FF0 | Arlington Higher Education Finance Corp | ARLEDU | 5.0 | 08/15/2048 | 1,000,000.00 | 1,000,362.00 | 0.09 |
| 09182NCB4 | Black Belt Energy Gas District | BBEUTL | 4.0 | 07/01/2052 | 1,000,000.00 | 1,013,290.00 | 0.09 |
| 29416AAA2 | EP Essential Housing Wf Pfc | EPEHSG | 4.25 | 12/01/2034 | 1,000,000.00 | 1,009,922.00 | 0.09 |
| 235286AG6 | CITY Of Dallas Tx Hotel Occupancy Tax Re | DALGEN | 4.0 | 08/15/2028 | 1,010,000.00 | 1,022,029.00 | 0.09 |
| 04780MXJ3 | CITY Of Atlanta Ga Department Of Aviatio | ATLAPT | 5.0 | 07/01/2029 | 830,000.00 | 892,168.00 | 0.08 |
| 167510AM8 | Chicago Board Of Education Dedicated Cap | CHIEDU | 5.0 | 04/01/2046 | 1,000,000.00 | 902,900.00 | 0.08 |
| 61075TXT0 | Monroe County Industrial Development Cor | MONDEV | 5.0 | 07/01/2034 | 830,000.00 | 851,311.00 | 0.08 |
| 649870NG3 | NEW York State Housing Finance Agency | NYSHSG | 3.35 | 06/15/2054 | 820,000.00 | 824,378.00 | 0.08 |
| 462590PS3 | IOWA Student Loan Liquidity Corp | IASSTD | 5.0 | 12/01/2034 | 815,000.00 | 854,625.00 | 0.08 |
| 74529JPU3 | Puerto Rico Sales Tax Financing Corp Sal | PRCGEN | 4.5 | 07/01/2034 | 848,000.00 | 847,951.00 | 0.08 |
| 880397CF9 | Tennergy Corp/tn | TGYPWR | 5.5 | 10/01/2053 | 770,000.00 | 821,267.00 | 0.08 |
| 962468FL3 | Whatcom County Public Utility District N | WHAUTL | 5.0 | 12/01/2034 | 850,000.00 | 901,771.00 | 0.08 |
| 650116DE3 | NEW York Transportation Development Corp | NYTTRN | 5.0 | 12/01/2025 | 800,000.00 | 803,320.00 | 0.07 |
| 74446DAL2 | Public Finance Authority | PUBFAC | 5.75 | 09/01/2035 | 715,000.00 | 737,704.00 | 0.07 |
| 72177MRA7 | Industrial Development Authority Of The | PIMDEV | 4.0 | 07/01/2026 | 790,000.00 | 793,129.00 | 0.07 |
| 646080WB3 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2026 | 700,000.00 | 715,009.00 | 0.07 |
| 155498LY2 | Central Texas Regional Mobility Authorit | CTXGEN | 5.0 | 01/01/2027 | 800,000.00 | 805,909.00 | 0.07 |
| 4521522L4 | State Of Illinois | ILS | 5.0 | 10/01/2028 | 750,000.00 | 801,208.00 | 0.07 |
| 462590PT1 | IOWA Student Loan Liquidity Corp | IASSTD | 5.0 | 12/01/2035 | 635,000.00 | 658,719.00 | 0.06 |
| 455059AJ4 | Indiana Finance Authority | INSENV | 0.95 | 12/01/2038 | 625,000.00 | 617,719.00 | 0.06 |
| 71783MBK0 | Philadelphia Gas Works Co | PHIUTL | 5.0 | 08/01/2028 | 625,000.00 | 664,602.00 | 0.06 |
| 677659WU4 | OHIO Water Development Authority | OHSWTR | 5.25 | 06/01/2026 | 615,000.00 | 623,934.00 | 0.06 |
| 79467BHA6 | Sales Tax Securitization Corp | STSGEN | 5.0 | 01/01/2035 | 600,000.00 | 646,671.00 | 0.06 |
| 452152M57 | State Of Illinois | ILS | 5.0 | 11/01/2030 | 500,000.00 | 510,679.00 | 0.05 |
| 47029WEK9 | James City County Economic Development A | JAMDEV | 5.25 | 12/01/2027 | 525,000.00 | 525,786.00 | 0.05 |
| 645780FR3 | NEW Jersey Economic Development Authorit | NJSWTR | 1.1 | 11/01/2029 | 625,000.00 | 585,409.00 | 0.05 |
| 646080WA5 | NEW Jersey Higher Education Student Assi | NJSHGR | 5.0 | 12/01/2025 | 550,000.00 | 552,155.00 | 0.05 |
| 605277AL6 | Mississippi Business Finance Corp | MSSDEV | 3.2 | 09/01/2028 | 500,000.00 | 500,178.00 | 0.05 |
| 34061UEW4 | Florida Development Finance Corp | FLSDEV | 5.0 | 04/01/2026 | 555,000.00 | 562,668.00 | 0.05 |
| 167736G43 | CITY Of Chicago Il Waterworks Revenue | CHIWTR | 5.0 | 11/01/2027 | 510,000.00 | 522,736.00 | 0.05 |
| 364568KD6 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2042 | 400,000.00 | 413,332.00 | 0.04 |
| 364568KE4 | CITY Of Galveston Tx Wharves & Terminal | GALTRN | 5.5 | 08/01/2043 | 400,000.00 | 410,817.00 | 0.04 |
| 759151BD4 | Regional Transportation District | REGTRN | 5.0 | 07/15/2028 | 400,000.00 | 419,815.00 | 0.04 |
| 759151BF9 | Regional Transportation District | REGTRN | 5.0 | 07/15/2029 | 400,000.00 | 425,830.00 | 0.04 |
| 92708HAC8 | Village Community Development District N | VILDEV | 3.38 | 05/01/2034 | 460,000.00 | 422,236.00 | 0.04 |
| 92707UBA3 | Village Community Development District N | VILDEV | 4.0 | 05/01/2027 | 370,000.00 | 378,762.00 | 0.04 |
| 677525WG8 | OHIO Air Quality Development Authority | OHSDEV | 2.4 | 12/01/2038 | 500,000.00 | 482,367.00 | 0.04 |
| 74446DAK4 | Public Finance Authority | PUBFAC | 5.5 | 09/01/2030 | 450,000.00 | 464,363.00 | 0.04 |
| 92707UBB1 | Village Community Development District N | VILDEV | 4.0 | 05/01/2028 | 300,000.00 | 306,049.00 | 0.03 |
| 92707UBC9 | Village Community Development District N | VILDEV | 4.0 | 05/01/2029 | 310,000.00 | 316,040.00 | 0.03 |
| 912797MS3 | United States Treasury Bill | B | 4.23 | 10/02/2025 | 350,000.00 | 348,770.00 | 0.03 |
| 944514T65 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2036 | 350,000.00 | 374,497.00 | 0.03 |
| 944514T73 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2037 | 350,000.00 | 370,899.00 | 0.03 |
| 944514T81 | Wayne County Airport Authority | WAYAPT | 5.25 | 12/01/2038 | 360,000.00 | 378,023.00 | 0.03 |
| 04052EAL2 | Arizona Industrial Development Authority | AZSMED | 5.0 | 02/01/2030 | 300,000.00 | 329,211.00 | 0.03 |
| 575896SZ9 | Massachusetts Port Authority | MASTRN | 5.0 | 07/01/2027 | 320,000.00 | 333,126.00 | 0.03 |
| 17877SAL6 | Cityplace Community Development District | CTYDEV | 5.0 | 05/01/2026 | 265,000.00 | 269,212.00 | 0.02 |
| 74442EBZ2 | Public Finance Authority | PUBEDU | 4.0 | 07/01/2027 | 260,000.00 | 260,060.00 | 0.02 |
| WNZ5 COMDT | US Ultra Bond Cbt Dec25 | WNZ5 | — | 12/19/2025 | -36,833,750.00 | -8,413.00 | 0.00 |
| CURRENCY | Currency | — | — | — | -2,689,905.00 | -2,689,904.00 | -0.25 |
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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 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.
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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.
4353338 Ed. 03/2025
Fund Literature
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