NPORT-EX 2 PI62670PRU113021.htm
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 101.4%          
Municipal Bonds 
ABAG Fin. Auth. for Nonprofit Corp. Rev.,
Sharp Healthcare, Series A, Rfdg. 		5.000 % 08/01/43   2,000  $2,140,969
Alameda Corridor Trans. Auth. Rev.,          
Second Sub. Lien, Series B, Rfdg. 5.000 10/01/34   2,150 2,521,043
Second Sub. Lien, Series B, Rfdg. 5.000 10/01/37   700 813,518
Sr. Lien, Series A, Rfdg. 5.000 10/01/22   375 390,003
Sr. Lien, Series A, Rfdg., AGM 5.000 10/01/28   1,000 1,084,402
     
 
Anaheim Calif. Pub. Fing. Auth. Rev.,
Series A, Rfdg. 		5.000 05/01/39   1,000 1,080,008
Bay Area Toll Auth. Rev.,          
Rfdg. 5.000 04/01/27   1,655 2,014,249
Rfdg. 5.000 04/01/28   1,365 1,701,059
Series A, Rfdg. (Mandatory put date 04/01/28) 2.000(cc) 04/01/56   750 793,329
Series F-1 (Pre-refunded date 04/01/27)(ee) 5.000 04/01/56   1,000 1,225,456
Series F-1, Rfdg. (Pre-refunded date 04/01/24)(ee) 5.000 04/01/54   1,000 1,106,468
California Cmnty. Choice Fing. Auth. Rev.,          
Series B-1, Green Bond (Mandatory put date 08/01/31) 4.000(cc) 02/01/52   2,000 2,425,541
Series B-2, Green Bond (Mandatory put date 08/01/31) 0.500(cc) 02/01/52   1,120 1,113,981
California Cnty. Tob. Secur. Agcy. Rev.,          
Conv. Bonds, Asset Bkd., Series B, Rfdg. 5.100 06/01/28   505 505,136
Sonoma Cnty. Secur. Corp., Series A, Rfdg. 5.000 06/01/28   500 620,610
Sr. Series A, Rfdg. 5.000 06/01/27   525 638,275
Sr. Series A, Rfdg. 5.000 06/01/28   1,730 2,152,667
Sr. Series A, Rfdg. 5.000 06/01/30   930 1,205,905
     
 
California Edl. Facs. Auth. Rev.,
Pepperdine Univ., Rfdg. 		5.000 10/01/49   2,000 2,323,882
California Hlth. Facs. Fing. Auth. Rev.,          
Cedars Sinai Hlth. Sys., Series A, Rfdg.(hh) 4.000 08/15/48   1,000 1,185,970
Cedars Sinai Med. Ctr., Rfdg. 5.000 11/15/25   1,155 1,355,911
Cedars Sinai Med. Ctr., Rfdg. 5.000 11/15/33   1,000 1,165,089
Cedars Sinai Med. Ctr., Series A 5.000 08/15/25   535 622,827
Commonspirit Hlth., Series A, Rfdg. 5.000 04/01/32   500 642,399
Kaiser Permanente, Series C (Mandatory put date 11/01/29) 5.000(cc) 06/01/41   1,830 2,374,928
Kaiser Permanente, Sub. Series A-2, Rfdg. 4.000 11/01/44   3,045 3,492,258
Lucile Salter Packard Children’s Hosp. at Stanford, Series A, Rfdg.(hh) 5.000 05/15/26   1,000 1,151,580
Providence Hlth. Svcs., Series A, Rfdg. 5.000 10/01/24   1,000 1,128,458
Providence Hlth. Svcs., Series A, Rfdg. 5.000 10/01/27   330 371,796
Providence St. Joseph, Hlth. Proj., Series C, Rfdg. (Mandatory put date 10/01/25) 5.000(cc) 10/01/39   2,355 2,750,872
1
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
California Hlth. Facs. Fing. Auth. Rev., (cont’d.)          
St. Joseph Hlth. Sys., Series C, Rmkt., Rfdg. (Mandatory put date 10/18/22) 5.000 %(cc) 07/01/34   515  $536,334
Stanford Healthcare, Series A 5.000 08/15/54   1,000 1,140,378
Stanford Healthcare, Series A, Rfdg. (Mandatory put date 08/15/25) 3.000(cc) 08/15/54   1,000 1,090,308
California Infrast. & Econ. Dev. Bank Rev.,          
J. Paul Getty Trust, Series B-1, Rfdg. (Mandatory put date 01/01/24) 0.390(cc) 10/01/47   1,000 1,000,948
Sustainability Bond CA ACAD Sciences, Series B, Rmkt., Rfdg. (Mandatory put date 08/01/24) 0.400(cc) 08/01/47   2,500 2,515,218
California Muni. Fin. Auth. Rev.,          
American Heritage Ed., Series A, Rfdg. 4.000 06/01/26   630 667,911
CHF-Davis I, LLC, West Village Student Hsg. Proj. 5.000 05/15/23   495 525,930
CHF-Davis I, LLC, West Village Student Hsg. Proj., BAM, TCRs 5.000 05/15/29   760 950,525
Exxonmobil Proj., Rfdg., FRDD 0.040(cc) 12/01/29   4,865 4,865,000
Green Bond-Orchard Park Student Hsg. Proj., BAM 4.000 05/15/46   1,000 1,167,185
Humangood Calif. Oblig. Grp. 4.000 10/01/49   1,000 1,155,082
Series A, 144A 5.500 06/01/48   250 275,769
Sr. Lien-LINXS APM Proj., Series A, AMT 5.000 12/31/43   2,500 2,959,618
UCR North Dist. Phase 1 Student Hsg. Proj., BAM 5.000 05/15/27   750 909,924
Wste. Mgmt., AMT (Mandatory put date 12/01/23) 0.700(cc) 12/01/44   1,000 999,361
     
 
California Poll. Ctrl. Fing. Auth. Rev.,
Green Bond-Calplant I Proj., AMT, 144A 		8.000 07/01/39(d)   500 325,000
California Poll. Ctrl. Fing. Auth. Wtr. Facs. Rev.,          
American Wtr. Cap. Proj., Rfdg. (Mandatory put date 09/01/23) 0.600(cc) 08/01/40   750 750,844
Green Bond-Calplant I Proj., AMT, 144A 7.000 07/01/22(d)   250 162,500
Wste. Mgmt. Proj., Series A, Rmkt. (Mandatory put date 05/01/24) 2.500(cc) 11/01/38   1,375 1,431,480
California Sch. Fin. Auth. Chrt. Sch. Rev.,          
Alliance CLG-Ready Pub. Schs., Series A, Rfdg., 144A 4.000 07/01/26   300 331,016
Green Dot Pub. Sch. Proj., Series A, 144A 5.000 08/01/45   610 673,566
Kipp. Socal Pub. Schs., Series A, 144A 5.000 07/01/49   1,000 1,206,203
California Sch. Fin. Auth. Rev.,          
Alliance CLG-Ready Pub. Schs., Series A, 144A 5.000 07/01/45   1,000 1,120,224
Kipp. LA. Proj., Series A, 144A 5.000 07/01/45   1,000 1,121,039
Kipp. LA. Proj., Series A, 144A 5.000 07/01/47   1,230 1,430,459
California St.,          
GO 5.000 03/01/45   2,000 2,260,800
GO, Rfdg. 3.250 04/01/45   1,000 1,092,405
GO, Rfdg. 5.000 08/01/28   1,710 2,107,272
GO, Rfdg. 5.000 09/01/28   1,500 1,902,493
GO, Rfdg. 5.000 11/01/28   1,095 1,392,201
2
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
California St., (cont’d.)          
GO, Rfdg. 5.000 % 12/01/28   1,000  $1,273,884
GO, Rfdg. 5.000 08/01/45   1,500 1,718,027
GO, Rfdg. 5.000 08/01/46   1,500 1,764,953
Unrefunded Balance, GO 5.500 04/01/30   5 5,020
Var. Purp., GO 3.000 03/01/28   2,000 2,261,935
Var. Purp., GO 4.000 04/01/49   2,000 2,336,033
Var. Purp., GO 5.250 04/01/35   1,250 1,270,525
Var. Purp., GO, Rfdg. 4.000 10/01/27   2,000 2,364,182
Var. Purp., GO, Rfdg. 5.000 10/01/47   2,000 2,330,519
California St. Pub. Wks. Brd. Lease Rev.,          
Forward Delivery, Series A, Rfdg. 5.000 02/01/28   2,375 2,952,864
Judicial Council Projs., Series D 5.000 12/01/31   1,000 1,000,000
Off. Emerg. Svcs., Series F, Rfdg. 5.000 04/01/25   175 201,229
Series C, Rfdg.(hh) 5.000 08/01/28   875 1,048,435
Var. Purp., Series A, Rfdg.(hh) 5.000 08/01/27   1,000 1,207,218
     
 
California Statewide Cmntys. Dev. Auth.,
Spl. Tax, Cmnty. Facs. Dist. #97-1, CABS 		0.795(s) 09/01/22   235 233,603
California Statewide Cmntys. Dev. Auth. Rev.,          
899 Charleston Proj., Series A, Rfdg., 144A 5.250 11/01/44   250 264,663
CHF Irvine LLC, Rfdg. 5.000 05/15/27   685 806,392
CHF Irvine LLC, Rfdg. 5.000 05/15/28   2,000 2,351,971
Loma Linda Univ. Med. Ctr., Series A, 144A 5.250 12/01/56   1,000 1,142,106
Loma Linda Univ. Med. Ctr., Series A, Rfdg. 5.250 12/01/44   1,585 1,781,621
Methodist Hosp. of Southern CA Proj. 5.000 01/01/22   200 200,686
Methodist Hosp. of Southern CA Proj. 5.000 01/01/23   500 522,867
Methodist Hosp. of Southern CA Proj. 5.000 01/01/24   450 489,218
Methodist Hosp. of Southern CA Proj. 5.000 01/01/48   1,975 2,355,187
Southern Calif. Edison Co., Series B, Rmkt., Rfdg. 1.450 04/01/28   2,000 2,003,759
     
 
Chino Basin Regl. Fing. Auth. Rev.,
NTS, Series B 		4.000 11/01/25   2,405 2,712,711
Fontana,
Spl. Tax, Cmnty. Facs. Dist. #22 Sierra Hills, Rfdg. 		5.000 09/01/34   500 548,145
Golden St. Tob. Secur. Corp. Rev.,          
Series A-1, Rfdg. 5.000 06/01/24   880 975,714
Series A-1, Rfdg. 5.000 06/01/25   360 413,303
Series A-1, Rfdg. 5.000 06/01/26   660 775,278
Series A-1, Rfdg. 5.000 06/01/27   765 921,215
Series A-1, Rfdg. 5.000 06/01/28   1,510 1,816,282
Series A-1, Rfdg. 5.000 06/01/29   1,830 2,199,517
Series A-1, Rfdg. 5.000 06/01/33   1,405 1,713,036
     
 
Inland Vlly. Dev. Agcy.,
Tax Alloc., Series A, Rfdg. 		5.000 09/01/44   500 544,562
3
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
     
Irvine Unif. Sch. Dist.,
Spl. Tax, Series A 		4.000 % 09/01/28   750  $847,484
Jurupa Pub. Fing. Auth.,
Spl. Tax, Series A, Rfdg. 		5.000 09/01/42   1,250 1,380,067
La Mesa-Spring Vlly. Sch. Dist.,
GO, Election of 2002, Series B, CABS, Rfdg., NATL 		0.347(s) 08/01/23   2,000 1,988,456
La Verne,
Brethren Hillcrest Homes, COP, Rfdg. (Pre-refunded date 05/15/22)(ee) 		5.000 05/15/36   1,250 1,289,786
Lincoln Pub. Fing. Auth.,
Twelve Bridges, Sub. Series B, Tax Alloc., Rfdg. 		6.000 09/02/27   912 915,963
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev.,          
Series A 5.000 11/15/35   2,655 3,673,137
Series A 5.500 11/15/30   1,375 1,814,837
Series A 5.500 11/15/32   440 604,343
Los Angeles Calif. Dept. Arpts. Rev.,          
Series A, AMT 5.000 05/15/38   2,500 2,659,602
Series A, AMT 5.250 05/15/48   1,000 1,233,342
Series B, Rfdg., AMT 5.000 05/15/31   905 1,118,011
Sr. Series C, AMT 5.000 05/15/28   1,000 1,249,469
Sub. Series C, Rfdg. 5.000 05/15/24   390 433,040
Sub-P3. Proj., Series A, Rfdg., AMT 5.000 05/15/28   1,250 1,550,807
     
 
Los Angeles Cnty. Metro. Trans. Auth. Rev.,
Green Bond, Measure R, Jr. Sub. Sales Tax, Series A 		5.000 06/01/29   1,645 2,131,050
Los Angeles Cnty. Regional Fing. Auth. Rev.,
Montecedro, Inc. Proj., Series A 		5.000 11/15/44   1,250 1,298,438
Los Angeles Dept. of Wstewtr. Sys. Rev.,
Green Bond, Sub. Wtr. Sys., Series A 		4.000 06/01/42   1,500 1,726,917
Los Angeles Dept. of Wtr. & Pwr. Rev.,
Series B, Rfdg. 		5.000 07/01/41   1,000 1,310,538
Los Angeles Dept. of Wtr. & Pwr. Wtr. Sys. Rev.,
Series B 		5.000 07/01/34   2,500 2,680,632
Los Angeles Unif. Sch. Dist.,
Series C, GO 		5.000 07/01/28   1,000 1,263,043
Metro. Wtr. Dist. of Southern Calif. Rev.,
Sub. Series C, Rmkt. (Mandatory put date 11/23/23) 		0.190(cc) 07/01/47   2,000 2,035,376
M-S-R Energy Auth. Rev.,
Series A 		6.500 11/01/39   1,000 1,620,266
Northern Calif. Energy Auth. Rev.,
Series A (Mandatory put date 07/01/24) 		4.000(cc) 07/01/49   3,975 4,308,311
Northern Calif. Tob. Secur. Auth. Rev.,
Sr. Bonds, Series A, Rfdg. 		5.000 06/01/28   1,000 1,243,219
Northern Calif. Transmn. Agy. Rev.,
Calif.- Oregon Proj., Series A, Rfdg. 		5.000 05/01/39   750 874,918
4
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
Orange Cnty. Cmnty. Facs. Dist.,          
Spl. Tax, No. 2015-1 Esencia Vlg., Series A 5.250 % 08/15/45   2,150  $2,421,440
Spl. Tax, No. 2017-1 Esencia Vlg., Series A 5.000 08/15/47   1,500 1,751,134
Orange Cnty. Trans. Auth. Rev.,          
Express Lane Sr. Lien 91, Rfdg. 5.000 08/15/29   1,000 1,077,880
I-405 Impt. Proj. BANS 5.000 10/15/24   1,500 1,694,613
Pittsburg Successor Agy. Redev. Agy.,          
Los Medanos Cmnty. Dev. Proj., Tax Alloc., AMBAC, CABS 1.096(s) 08/01/26   1,375 1,306,561
Tax Alloc., Sub. Series A, Rfdg., AGM 5.000 09/01/29   1,750 2,066,710
Port of Oakland Rev.,          
Inter Lien, Series E, Rfdg. 5.000 11/01/26   625 752,917
Intermediate Lien, Series H, Rfdg., AMT 5.000 05/01/28   1,875 2,325,490
Sr. Lien, Series P, Rfdg., AMT (Pre-refunded date 05/01/22)(ee) 5.000 05/01/33   1,750 1,782,682
     
 
Poway Unif. Sch. Dist. Pub. Fing. Auth.,
Spl. Tax, Series A, Rfdg. 		5.000 09/01/35   1,000 1,125,054
Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev.,          
Sr. Lien, Series A 5.750 07/01/37   390 401,917
Sr. Lien, Series A 6.000 07/01/47   325 335,308
Puerto Rico Sales Tax Fing. Corp. Rev.,          
Series A-1, CABS 1.519(s) 07/01/27   2,072 1,903,998
Series A-1, CABS 1.597(s) 07/01/24   930 892,516
     
 
Rancho Cucamonga Redev. Agy. Successor Agy.,
Rancho Redev. Proj. Area, Tax Alloc., Rfdg., AGM 		5.000 09/01/32   450 502,183
Redding Elec. Sys. Rev., RIBS,
NATL, ETM(ee) 		12.269(e) 07/01/22   295 315,091
Riverside Cnty. Infrast. Fing. Auth. Rev.,          
Series A, Rfdg. (Pre-refunded date 11/01/25)(ee) 4.000 11/01/37   190 214,930
Unrefunded, Series A 4.000 11/01/37   1,080 1,210,785
     
 
Riverside Cnty. Pub. Fing. Auth. Rev.,
Cap. Facs. Proj. (Pre-refunded 11/01/25)(ee) 		5.250 11/01/45   1,000 1,183,748
Roseville,          
Spl. Tax, Fiddyment Ranch Cmnty. Facs. 4.000 09/01/50   1,775 2,004,831
Spl. Tax, WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. 5.000 09/01/28   300 337,326
Spl. Tax, WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. 5.000 09/01/37   500 553,951
     
 
Sacramento Area Flood Ctrl. Agy.,
Series A, Spl. Assmt., Rfdg. 		5.000 10/01/41   1,000 1,181,528
Sacramento Cnty.,
Spl. Tax, Cmnty. Facs. Dist. #2004-1, Mcclellan Park, Rfdg. 		5.000 09/01/40   1,085 1,276,527
5
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
     
Sacramento Cnty. Santn. Dist. Fing. Auth. Rev.,
Rfdg. 		5.000 % 12/01/28   500  $639,843
San Buenaventura Rev.,          
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) 7.500 12/01/41   500 500,000
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) 8.000 12/01/26   500 500,000
San Diego Cnty. Regl. Arpt. Auth. Rev.,          
Sr. Series B, AMT (Pre-refunded date 07/01/23)(ee) 5.000 07/01/29   1,970 2,108,958
Sr. Series B, AMT (Pre-refunded date 07/01/23)(ee) 5.000 07/01/30   650 695,657
Sr. Series B, AMT (Pre-refunded date 07/01/23)(ee) 5.000 07/01/43   2,000 2,129,372
Sub. Series B, Rfdg., AMT 5.000 07/01/28   1,000 1,244,799
Sub. Series C, Rfdg., AMT 5.000 07/01/24   625 697,273
San Diego Cnty. Wtr. Auth. Rev.,          
Green Bond, Series A, Rfdg. 5.000 05/01/27   755 930,791
Green Bond, Series A, Rfdg. 5.000 05/01/28   750 949,365
San Diego Pub. Facs. Fing. Auth. Rev.,          
Cap. Impt. Projs., Series A 5.000 10/15/44   1,000 1,153,029
Series A, Rfdg. 5.000 08/01/28   1,000 1,268,324
San Francisco City & Cnty. Arpt. Commn. Rev.,          
Second Series A, Rfdg. 5.000 05/01/27   400 473,971
Second Series A, Rfdg., AMT 5.000 05/01/31   1,050 1,069,733
Second Series A, Rfdg., AMT 5.250 05/01/33   545 580,805
Series A, Rfdg., AMT 5.000 05/01/31   500 655,217
Series D, Rfdg., AMT 5.000 05/01/26   1,300 1,535,657
Series H, Rfdg., AMT 5.000 05/01/24   250 276,918
Spl. Facs. Lease, Rfdg., AMT 5.000 01/01/23   650 681,586
     
 
San Jose CA Int’l. Arpt. Rev.,
Series A, Rfdg., AMT 		5.000 03/01/29   1,000 1,256,415
San Leandro Cmnty. Facs. Dist. No. 1,
Spl. Tax Dist. No. 1 		6.500 09/01/25   1,530 1,536,220
San Mateo Foster City Pub. Fing. Auth. Rev,
Series B 		5.000 08/01/25   1,000 1,163,736
Santa Margarita Wtr. Dist.,
Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 		5.625 09/01/36   315 337,495
Santa Maria Joint Union H.S. Dist.,
Election of 2004, CABS, GO, NATL 		1.409(s) 08/01/29   1,250 1,122,401
Santa Monica Cmnty. Clg. Dist., Election of 2002,
Series A, GO, NATL 		1.225(s) 08/01/28   1,055 972,445
Southern Calif. Tob. Secur. Auth. Rev.,          
San Diego Co., Asset security, Rfdg. 5.000 06/01/25   1,480 1,707,467
San Diego Co., Asset security, Rfdg. 5.000 06/01/28   420 523,119
     
 
6
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
     
Stockton Pub. Fing. Auth. Rev.,
Delta Wtr. Sply. Proj., Series A, Rmkt. (Pre-refunded date 10/01/23)(ee) 		6.250 % 10/01/40   700  $776,495
Univ. of California Rev.,
Gen. Series AK, Rfdg. (Mandatory put date 05/15/23) 		5.000(cc) 05/15/48   1,275 1,364,521
Walnut Energy Ctr. Auth. Rev.,
Rfdg. 		5.000 01/01/34   1,000 1,114,764
 
TOTAL INVESTMENTS 101.4%
(cost $214,620,925) 		226,508,790
Liabilities in excess of other assets(z) (1.4)% (3,228,651)
 
Net Assets 100.0% $223,280,139
           
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
  144A—Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, pursuant to the requirements of Rule 144A, may not be resold except to qualified institutional buyers.
  AGM—Assured Guaranty Municipal Corp.
  AMBAC—American Municipal Bond Assurance Corp.
  AMT—Alternative Minimum Tax
  BAM—Build America Mutual
  BANS—Bond Anticipation Notes
  CABS—Capital Appreciation Bonds
  COP—Certificates of Participation
  ETM—Escrowed to Maturity
  FRDD—Floating Rate Daily Demand Note
  GO—General Obligation
  NATL—National Public Finance Guarantee Corp.
  Rfdg—Refunding
  RIBS—Residual Interest Bonds
  TCRs—Transferrable Custodial Receipts
    
# Principal amount is shown in U.S. dollars unless otherwise stated.
(cc) Variable rate instrument. The rate shown is based on the latest available information as of November 30, 2021. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.
(d) Represents issuer in default on interest payments and/or principal repayment. Non-income producing security. Such securities may be post-maturity.
(e) Inverse floating rate bond. The coupon is inversely indexed to a floating rate. The rate shown is the rate at November 30, 2021.
(ee) All or partial escrowed to maturity and pre-refunded issues are secured by escrowed cash, a guaranteed investment contract and /or U.S. guaranteed obligations.
(hh) When-issued security.
(s) Represents zero coupon. Rate quoted represents effective yield at November 30, 2021.
7
PGIM California Muni Income Fund
Schedule of Investments as of November 30, 2021 (unaudited) (continued)
(z) Includes net unrealized appreciation/(depreciation) and/or market value of the below holdings which are excluded from the Schedule of Investments:
Futures contracts outstanding at November 30, 2021:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Short Position:
9   20 Year U.S. Treasury Bonds   Mar. 2022    $1,459,125    $(26,132)
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
8