NPORT-EX 2 PI62670PGIMCaliMuniIncFd.htm
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Long-Term Investments 101.8%          
Municipal Bonds 
Abag Fin. Auth. For Nonprofit Corp. Rev.,
Sharp Healthcare, Series A, Rfdg. 		5.000 % 08/01/43   2,000  $2,185,020
ABAG Fin. Auth. for Nonprofit Corp. Rev.,
Episcopal Sr. Cmnty., Rfdg. 		6.125 07/01/41   475 477,019
Alameda Corridor Trans. Auth. Rev.,          
Second Sub. Lien, Series B, Rfdg. 5.000 10/01/34   2,150 2,592,277
Second Sub. Lien, Series B, Rfdg. 5.000 10/01/37   700 831,404
Sr. Lien, Series A, Rfdg. 5.000 10/01/22   375 399,604
Sr. Lien, Series A, Rfdg., AGM 5.000 10/01/28   1,000 1,105,310
     
 
Anaheim Calif. Pub. Fing. Auth. Rev.,
Series A, Rfdg. 		5.000 05/01/39   1,000 1,091,850
Bay Area Toll Auth. Rev.,          
Rfdg. 5.000 04/01/27   1,655 2,090,745
Rfdg. 5.000 04/01/28   1,295 1,680,055
Series A, Rfdg. (Mandatory put date 04/01/28) 2.000(cc) 04/01/56   750 802,155
Series F-1 (Pre-refunded date 04/01/27)(ee) 5.000 04/01/56   1,000 1,252,570
Series F-1, Rfdg. (Pre-refunded date 04/01/24)(ee) 5.000 04/01/54   1,000 1,133,930
California Cnty. Tob. Secur. Agcy. Rev.,          
Conv. Bonds, Asset Bkd., Series B, Rfdg. 5.100 06/01/28   700 707,056
Sonoma Cnty. Secur. Corp., Series A, Rfdg. 5.000 06/01/28   500 638,930
Sr. Series A, Rfdg. 5.000 06/01/27   525 656,565
Sr. Series A, Rfdg. 5.000 06/01/28   1,230 1,573,834
Sr. Series A, Rfdg. 5.000 06/01/30   930 1,235,626
     
 
California Edl. Facs. Auth. Rev.,
Pepperdine Univ., Rfdg. 		5.000 10/01/49   2,000 2,360,460
California Hlth. Facs. Fing. Auth. Rev.,          
Cedars Sinai Med. Ctr., Rfdg. 5.000 11/15/25   960 1,146,739
Cedars Sinai Med. Ctr., Rfdg. 5.000 11/15/33   1,000 1,186,650
Cedars Sinai Med. Ctr., Series A 5.000 08/15/25   385 456,310
Commonspirit Hlth. Series A, Rfdg. 5.000 04/01/32   500 657,335
Kaiser Permanente, Series C (Mandatory put date 11/01/29) 5.000(cc) 06/01/41   1,630 2,152,382
Kaiser Permanente, Sub. Series A-2, Rfdg. 4.000 11/01/44   3,045 3,494,290
Lucile Salter Packard Children’s Hosp. at Stanford, Series A, Rfdg.(hh) 5.000 05/15/26   1,000 1,154,540
Providence Hlth. Svcs., Series A, Rfdg. 5.000 10/01/24   1,000 1,153,210
Providence Hlth. Svcs., Series A, Rfdg. 5.000 10/01/27   330 379,490
Providence St. Joseph, Hlth. Proj., Series C, Rfdg. (Mandatory put date 10/01/25) 5.000(cc) 10/01/39   2,260 2,693,016
Stanford Healthcare, Series A 5.000 08/15/54   1,000 1,166,020
Stanford Healthcare, Series A, Rfdg. (Mandatory put date 08/15/25) 3.000(cc) 08/15/54   1,000 1,106,690
1
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
California Hlth. Facs. Fing. Auth. Rev., (cont’d.)          
Sutter Hlth., Series D, Rfdg. (Pre-refunded date 08/15/21)(ee) 5.250 % 08/15/31   1,105  $1,116,525
Var. St. Joseph Hlth. Sys., Series C, Rmkt. Rfdg. (Mandatory put date 10/18/22) 5.000(cc) 07/01/34   340 362,477
     
 
California Infrast. & Econ. Dev. Bank Rev.,
Sustainability Bond CA ACAD Sciences, Series B, Rmkt. Rfdg. (Mandatory put date 08/01/24)(hh) 		0.380(cc) 08/01/47   2,500 2,523,537
California Muni. Fin. Auth. Rev.,          
Amercian Heritage Ed., Series A, Rfdg. 4.000 06/01/26   740 797,306
CHF-Davis I, LLC, West Village Student Hsg. Proj. 5.000 05/15/23   495 532,130
CHF-Davis I, LLC, West Village Student Hsg. Proj., BAM, TCRs 5.000 05/15/29   760 957,197
Green Bond-Orchard Park Student Hsg. Proj., BAM 4.000 05/15/46   1,000 1,185,250
Series A, 144A 5.500 06/01/48   250 277,028
Sr. Lien-LINXS APM Proj., Series A, AMT 5.000 12/31/43   2,500 2,995,025
UCR North Dist. Phase 1 Student Hsg. Proj., BAM 5.000 05/15/27   750 913,425
Var. Exxonmobil Proj., Rfdg., FRDD 0.030(cc) 12/01/29   8,485 8,485,000
Var. Wste. Mgmt., AMT (Mandatory put date 12/01/23) 0.700(cc) 12/01/44   1,000 1,009,470
     
 
California Poll. Ctrl. Fing. Auth. Rev.,
Green Bond-Calplant I Proj., AMT, 144A 		8.000 07/01/39(d)   500 305,978
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   750 751,223
Green Bond-Calplant I Proj., AMT, 144A 7.000 07/01/22(d)   250 152,989
Wste. Mgmt. Proj., Series A, Rmkt. (Mandatory put date 05/01/24) 2.500(cc) 11/01/38   1,125 1,194,053
California Sch. Fin. Auth. Chrt. Sch. Rev.,          
Alliance CLG-Ready Pub. Schs., Series A, Rfdg., 144A 4.000 07/01/26   300 335,586
Green Dot Pub. Sch. Proj., Series A, 144A 5.000 08/01/45   610 681,962
Kipp. Socal Pub. Schs., Series A, 144A 5.000 07/01/49   1,000 1,211,300
California Sch. Fin. Auth. Rev.,          
Alliance CLG-Ready Pub. Schs., Series A, 144A 5.000 07/01/45   1,000 1,136,160
Kipp. LA. Proj., Series A, 144A 5.000 07/01/45   1,000 1,136,510
Kipp. LA. Proj., Series A, 144A 5.000 07/01/47   1,130 1,333,344
California St.,          
GO 5.000 03/01/45   2,000 2,289,500
GO, Rfdg. 3.250 04/01/45   1,000 1,092,780
GO, Rfdg. 5.000 08/01/28   1,710 2,152,172
GO, Rfdg.(hh) 5.000 09/01/28   1,500 1,927,620
GO, Rfdg. 5.000 11/01/28   1,095 1,422,317
GO, Rfdg. 5.000 12/01/28   400 520,476
GO, Rfdg. 5.000 08/01/45   1,500 1,741,680
2
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
California St., (cont’d.)          
GO, Rfdg. 5.000 % 08/01/46   1,500  $1,791,375
Unrefunded Balance, GO 5.500 04/01/30   5 5,021
Var. Purp., GO 3.000 03/01/28   2,000 2,297,140
Var. Purp., GO 4.000 04/01/49   2,000 2,326,580
Var. Purp., GO 5.250 04/01/35   1,250 1,302,250
Var. Purp., GO, Rfdg. 5.000 09/01/41   5,000 5,060,300
Var. Purp., GO, Rfdg. 5.000 10/01/41   1,250 1,269,300
Var. Purp., GO, Rfdg. 5.000 10/01/47   2,000 2,365,060
California St. Pub. Wks. Brd. Lease Rev.,          
Forward Delivery, Series A, Rfdg.(hh) 5.000 02/01/28   2,375 2,929,349
Judicial Council Projs., Series D 5.000 12/01/31   1,000 1,023,800
Off. Emerg. Svcs., Series F, Rfdg. 5.000 04/01/25   175 205,618
Var. Purp., Series A, Rfdg.(hh) 5.000 08/01/27   1,000 1,204,320
     
 
California St. Univ. Rev.,
Series A, Systemwide, Rfdg. (Pre-refunded date 11/01/21)(ee) 		5.000 11/01/37   1,250 1,275,225
California Statewide Cmntys. Dev. Auth.,
Spl. Tax, Cmnty. Facs. Dist. #97-1, CABS 		3.327(s) 09/01/22   480 460,560
California Statewide Cmntys. Dev. Auth. Rev.,          
899 Charleston Proj., Series A, Rfdg., 144A 5.250 11/01/44   250 265,700
CHF Irvine LLC, Rfdg. 5.000 05/15/27   685 818,219
CHF Irvine LLC, Rfdg. 5.000 05/15/28   2,000 2,386,960
Emanate Hlth., Series A 5.000 04/01/26   570 688,828
Loma Linda Univ. Med. Ctr., Series A, 144A 5.250 12/01/56   1,000 1,137,320
Loma Linda Univ. Med. Ctr., Series A, Rfdg. 5.250 12/01/44   1,585 1,758,795
Methodist Hosp. of Southern CA Proj. 5.000 01/01/22   200 205,110
Methodist Hosp. of Southern CA Proj. 5.000 01/01/23   500 534,420
Methodist Hosp. of Southern CA Proj. 5.000 01/01/24   450 499,707
Methodist Hosp. of Southern CA Proj. 5.000 01/01/48   1,975 2,340,434
     
 
Chino Basin Regl. Fing. Auth. Rev.,
NTS, Series B 		4.000 11/01/25   1,980 2,274,941
Chula Vista Muni. Fing. Auth.,
Spl. Tax, Rfdg. 		5.000 09/01/21   500 505,530
Fontana,
Spl. Tax, Cmnty. Facs. Dist. #22 Sierra Hills, Rfdg. 		5.000 09/01/34   500 566,325
Golden St. Tob. Secur. Corp. Rev.,          
Series A-1, Rfdg. 5.000 06/01/24   835 949,787
Series A-1, Rfdg. 5.000 06/01/25   360 423,598
Series A-1, Rfdg. 5.000 06/01/26   605 728,450
Series A-1, Rfdg. 5.000 06/01/27   765 944,178
Series A-1, Rfdg. 5.000 06/01/28   1,510 1,857,919
Series A-1, Rfdg. 5.000 06/01/29   1,830 2,244,403
Series A-1, Rfdg. 5.000 06/01/33   1,405 1,712,639
3
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
     
 
Inland Vlly. Dev. Agcy.,
Tax Alloc., Series A, Rfdg. 		5.000 % 09/01/44   500  $557,005
Irvine Unif. Sch. Dist.,
Spl. Tax, Series A 		4.000 09/01/28   750 860,595
Jurupa Pub. Fing. Auth.,
Spl. Tax, Series A, Rfdg. 		5.000 09/01/42   1,250 1,419,450
La Mesa-Spring Vlly. Sch. Dist.,
GO, Election of 2002, Series B, CABS, Rfdg., NATL 		0.300(s) 08/01/23   2,000 1,987,040
La Verne,
Brethren Hillcrest Homes, COP, Rfdg. (Pre-refunded date 05/15/22)(ee) 		5.000 05/15/36   1,250 1,320,475
Lincoln Pub. Fing. Auth.,
Twelve Bridges, Sub. Series B, Spl. Assmt., Rfdg. 		6.000 09/02/27   937 950,287
Long Beach Bond Fin. Auth. Nat. Gas Pur. Rev.,          
Series A 5.000 11/15/35   2,655 3,696,450
Series A 5.500 11/15/30   1,375 1,841,922
Series A 5.500 11/15/32   440 612,766
     
 
Long Beach Harbor Rev.,
NTS, Series C 		4.000 07/15/21   500 502,285
Los Angeles Calif. Dept. Arpts. Rev.,          
Series A, AMT 5.000 05/15/38   2,500 2,711,100
Series A, AMT 5.250 05/15/48   1,000 1,228,950
Series B, Rfdg., AMT 5.000 05/15/31   905 1,130,372
Sr. Series C, AMT 5.000 05/15/28   1,000 1,271,280
Sub. Series C, Rfdg. 5.000 05/15/24   390 443,894
Sub-P3. Proj., Series A, Rfdg., AMT 5.000 05/15/28   1,250 1,578,012
     
 
Los Angeles Cnty. Metro. Trans. Auth. Rev.,
Green Bond, Measure R, Jr. Sub. Sales Tax, Series A 		5.000 06/01/29   1,300 1,718,769
Los Angeles Cnty. Regional Fing. Auth. Rev.,
Montecedro, Inc. Proj., Series A 		5.000 11/15/44   1,250 1,321,213
Los Angeles Dept. of Wstewtr. Sys. Rev.,
Green Bond, Sub. Wtr. Sys., Series A 		4.000 06/01/42   1,500 1,743,330
Los Angeles Dept. of Wtr. Rev.,
Wtr. Sys., Series B 		5.000 07/01/34   2,500 2,744,275
Los Angeles Unif. Sch. Dist.,
Series C, GO 		5.000 07/01/28   1,000 1,290,060
Metro. Wtr. Dist. of Southern Calif. Rev.,          
Sub. Series C, Rmkt. (Mandatory put date 11/23/23) 0.300(cc) 07/01/47   2,000 2,037,226
Unrefunded Balance, Series A, Rfdg. 5.750 07/01/21   180 180,819
     
 
M-S-R Energy Auth. Rev.,
Series A 		6.500 11/01/39   1,000 1,645,010
Northern Calif. Energy Auth. Rev.,
Series A (Mandatory put date 07/01/24) 		4.000(cc) 07/01/49   3,825 4,234,696
4
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
Northern Calif. Tob. Secur. Auth. Rev.,          
Sr. Bonds, Series A, Rfdg. 5.000 % 06/01/28   1,000  $1,278,940
Sr. Bonds, Series A, Rfdg. 5.000 06/01/29   600 781,866
     
 
Northern Calif. Transmn. Agy. Rev.,
Calif.- Oregon Proj., Series A, Rfdg. 		5.000 05/01/39   750 883,065
Orange Cnty. Cmnty. Facs. Dist.,          
Spl. Tax, No. 2015-1 Esencia Vlg., Series A 5.250 08/15/45   2,150 2,414,730
Spl. Tax, No. 2017-1 Esencia Vlg., Series A 5.000 08/15/47   1,500 1,751,250
     
 
Orange Cnty. Trans. Auth. Rev.,
Express Lane Sr. Lien 91, Rfdg. 		5.000 08/15/29   1,000 1,107,130
Pittsburg Successor Agy. Redev. Agy. Rev,
Tax Alloc., Sub. Series A, Rfdg., AGM 		5.000 09/01/29   1,750 2,117,290
Pittsburg Successor Agy. Redev. Agy. Rev.,
Los Medanos Cmnty. Dev. Proj., Tax Alloc., AMBAC, CABS 		1.133(s) 08/01/26   1,375 1,296,996
Port of Oakland Rev.,          
Inter Lien, Series E, Rfdg. 5.000 11/01/26   590 726,237
Intermediate Lien, Series H, Rfdg., AMT 5.000 05/01/28   1,875 2,363,775
Sr. Lien, Series P, Rfdg., AMT (Pre-refunded date 05/01/22)(ee) 5.000 05/01/33   1,750 1,820,542
     
 
Poway Unif. Sch. Dist. Pub. Fing. Auth.,
Spl. Tax, Series A, Rfdg. 		5.000 09/01/35   1,000 1,172,870
Puerto Rico Comnwlth. Aqu. & Swr. Auth. Rev.,          
Sr. Lien, Series A 5.750 07/01/37   390 407,854
Sr. Lien, Series A 6.000 07/01/47   325 340,763
Puerto Rico Sales Tax Fing. Corp. Rev.,          
Series A-1, CABS 1.766(s) 07/01/24   1,038 983,173
Series A-1, CABS 1.827(s) 07/01/27   2,072 1,854,854
     
 
Rancho Cucamonga Redev. Agy. Successor Agy.,
Rancho Redev. Proj. Area, Tax Alloc., Rfdg., AGM 		5.000 09/01/32   450 512,968
Redding Elec. Sys. Rev., RIBS,          
NATL, ETM(ee) 12.208(e) 07/01/22   545 583,066
NATL, ETM, Linked SAVRS(ee) 6.368 07/01/22   15 15,524
     
 
Riverside Cnty. Infrast. Fing. Auth. Rev.,
Series A, Rfdg. 		4.000 11/01/37   1,270 1,415,999
Riverside Cnty. Pub. Fing. Auth. Rev.,
Cap. Facs. Proj. 		5.250 11/01/45   1,000 1,176,250
Riverside Cnty. Trans. Comm. Rev.,
Sr. Lien, Series A 		5.750 06/01/44   500 549,195
Roseville,          
Spl. Tax, Fiddyment Ranch Cmnty. Facs. (hh) 4.000 09/01/50   1,000 1,129,890
Spl. Tax, WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. 5.000 09/01/28   300 344,028
5
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
Roseville, (cont’d.)          
Spl. Tax, WestPark Cmnty. Facs. Dist. No. 1, Pub. Facs., Rfdg. 5.000 % 09/01/37   500   $556,975
     
 
Sacramento Area Flood Ctrl. Agy.,
Series A, Spl. Assmt., Rfdg. 		5.000 10/01/41   1,000 1,199,890
Sacramento Cnty.,
Spl. Tax, Cmnty. Facs. Dist. #2004-1, Mcclellan Park, Rfdg. 		5.000 09/01/40   1,085 1,303,139
Sacramento Cnty. Santn. Dist. Fing. Auth. Rev.,          
Rfdg. 5.000 12/01/28   500 655,500
Series A, Rfdg. 5.000 12/01/28   720 943,920
San Buenaventura Rev.,          
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) 7.500 12/01/41   500 518,325
Cmnty. Mem. Hlth. Sys. (Pre-refunded date 12/01/21)(ee) 8.000 12/01/26   500 519,570
     
 
San Diego Cmnty. Clg. Dist.,
Election of 2006, GO (Pre-refunded date 08/01/21)(ee) 		5.000 08/01/41   1,500 1,512,255
San Diego Cnty. Regl. Arpt. Auth. Rev.,          
Sr. Series B, AMT 5.000 07/01/29   1,970 2,155,298
Sr. Series B, AMT 5.000 07/01/30   650 710,769
Sr. Series B, AMT 5.000 07/01/43   2,000 2,173,660
Sub. Series B, Rfdg., AMT 5.000 07/01/28   1,000 1,261,050
Sub. Series C, Rfdg., AMT 5.000 07/01/24   625 712,225
San Diego Cnty. Wtr. Auth. Rev.,          
Green Bond, Series A, Rfdg. 5.000 05/01/27   755 950,741
Green Bond, Series A, Rfdg. 5.000 05/01/28   750 970,238
San Diego Pub. Facs. Fing. Auth. Rev.,          
Cap. Impt. Projs., Series A 5.000 10/15/44   1,000 1,178,920
Series A, Rfdg. 5.000 08/01/28   1,000 1,313,270
San Francisco City & Cnty. Arpt. Comm. Rev.,          
Second Series A, Rfdg. 5.000 05/01/27   400 486,812
Second Series A, Rfdg., AMT 5.000 05/01/31   1,050 1,094,257
Series D, Rfdg., AMT 5.000 05/01/26   1,240 1,495,229
Series H, Rfdg., AMT 5.000 05/01/24   250 283,035
Spl. Facs. Lease, Rfdg., AMT 5.000 01/01/23   650 698,536
San Francisco City & Cnty. Arpt. Commn. Rev.,          
Second Series A, Rfdg., AMT 5.250 05/01/33   545 593,892
Series A, Rfdg., AMT 5.000 05/01/31   500 666,260
     
 
San Jose CA Int’l. Arpt. Rev.,
Series A, Rfdg., AMT 		5.000 03/01/29   1,000 1,274,870
San Leandro Cmnty. Facs. Dist. No. 1,
Spl. Tax Dist. No. 1 		6.500 09/01/25   1,855 1,863,830
6
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
Description Interest
Rate 		Maturity
Date 		Principal
Amount
(000)# 		Value
Municipal Bonds (Continued)
     
Santa Margarita Wtr. Dist.,
Spl. Tax, Cmnty. Facs. Dist. No. 2013-1 		5.625 % 09/01/36   315  $345,092
Santa Maria Joint Union H.S. Dist.,
Election of 2004, CABS, GO, NATL 		1.348(s) 08/01/29   1,250 1,120,100
Santa Monica Cmnty. Clg. Dist., Election of 2002,
Series A, GO, NATL 		1.214(s) 08/01/28   1,055 967,319
Southern Calif. Tob. Secur. Auth. Rev.,          
San Diego Co., Asset security, Rfdg. 5.000 06/01/25   775 912,593
San Diego Co., Asset security, Rfdg. 5.000 06/01/28   335 427,544
     
 
Stockton Pub. Fing. Auth. Rev.,
Delta Wtr. Sply. Proj., Series A, Rmkt. (Pre-refunded date 10/01/23)(ee) 		6.250 10/01/40   700 799,015
Univ. of California Rev.,
Gen. Series AK, Rfdg. (Mandatory put date 05/15/23) 		5.000(cc) 05/15/48   1,000 1,094,810
Walnut Energy Ctr. Auth. Rev.,
Rfdg. 		5.000 01/01/34   1,000 1,137,570
     
 
 
Total Long-Term Investments
(cost $212,546,847) 		226,412,308
 
Short-Term Investments 2.0%
Municipal Bonds 
Los Angeles Cnty. Rev.,
Trans., Series A 		4.000 06/30/21   2,095 2,101,348
Los Angeles, Rev.,
Trans. 		4.000 06/24/21   2,295 2,300,462
     
 
 
Total Short-Term Investments
(cost $4,401,713) 		4,401,810
 
TOTAL INVESTMENTS 103.8%
(cost $216,948,560) 		230,814,118
Liabilities in excess of other assets(z) (3.8)% (8,415,127)
 
Net Assets 100.0% $222,398,991
           
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
7
PGIM California Muni Income Fund
Schedule of Investments as of May 31, 2021 (unaudited) (continued)
  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
  SAVRS—Select Auction Variable Rate Securities
  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 May 31, 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 May 31, 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 May 31, 2021.
(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 May 31, 2021:
Number
of
Contracts 		  Type   Expiration
Date 		  Current
Notional
Amount 		  Value /
Unrealized
Appreciation
(Depreciation)
Short Position:
18   20 Year U.S. Treasury Bonds   Sep. 2021    $2,817,563    $(10,112)
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).
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