# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0001752724-25-183720
**Filing Date:** 2025-7
**Character Count:** 670054
**Document Hash:** 6d687efc594f328f71cc85101cc458b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183720.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183720

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
- **CENTRAL INDEX KEY:** 0000909466

**ORGANIZATION NAME:**
- **EIN:** 766035958
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 251166470

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
- **DATE OF NAME CHANGE:** 20100430

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS
- **DATE OF NAME CHANGE:** 20000324

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM TAX EXEMPT FUNDS INC/NEW
- **DATE OF NAME CHANGE:** 19940718

## Series and Classes Contracts Data

### INVESCO INTERMEDIATE TERM MUNICIPAL INCOME FUND (Series ID: S000027868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000084627 | CLASS A      | VKLMX           |
| C000084629 | CLASS C      | VKLCX           |
| C000084630 | CLASS Y      | VKLIX           |
| C000188918 | Class R6     | VKLSX           |

## Nport-Ex

**Schedule of Investments** 

*May 31, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Municipal Obligations–100.07%** | **Municipal Obligations–100.07%** | **Municipal Obligations–100.07%** | **Municipal Obligations–100.07%** | **Municipal Obligations–100.07%** |
| **Alabama–1.15%** | **Alabama–1.15%** | **Alabama–1.15%** | **Alabama–1.15%** | **Alabama–1.15%** |
| Alabama (State of) Port Authority; Series 2017 A, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.00% | 10/01/2033 | $3500 | &nbsp;&nbsp; $3549855 |
| Birmingham (City of) & Jefferson (County of), AL Civic Center Authority; Series 2018 B, RB | 5.00% | 07/01/2035 | 2345 | &nbsp;&nbsp; 2410597 |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.25% | 06/01/2025 | 20 | &nbsp;&nbsp; 20000 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.50% | 06/01/2030 | 2000 | &nbsp;&nbsp; 1977204 |
| Black Belt Energy Gas District (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(d)</sup> <br>| 5.25% | 10/01/2030 | 5000 | &nbsp;&nbsp; 5247355 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(d)</sup> <br>| 5.25% | 12/01/2030 | 3000 | &nbsp;&nbsp; 3177289 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(d)</sup> <br>| 5.00% | 09/01/2032 | 5000 | &nbsp;&nbsp; 5211391 |
| Lee (County of), AL Public Building Authority (DHR Building); Series 2006, Revenue Wts. (INS - SGI)<sup>(c)</sup> <br>| 4.38% | 09/01/2025 | 10 | &nbsp;&nbsp; 10007 |
| Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB<sup>(d)</sup> <br>| 5.50% | 12/01/2029 | 2000 | &nbsp;&nbsp; 2110462 |
|  |  |  |  | &nbsp;&nbsp; 23714160 |
| **Alaska–0.49%** | **Alaska–0.49%** | **Alaska–0.49%** | **Alaska–0.49%** | **Alaska–0.49%** |
| Alaska (State of) Municipal Bond Bank Authority (Tanana Chiefs Conference); Series 2015-3, Ref. RB | 5.25% | 10/01/2036 | 4575 | &nbsp;&nbsp; 4578585 |
| Alaska Housing Finance Corp.; Series 2025, RB | 6.00% | 12/01/2054 | 5000 | &nbsp;&nbsp; 5430453 |
|  |  |  |  | &nbsp;&nbsp; 10009038 |
| **Arizona–2.38%** | **Arizona–2.38%** | **Arizona–2.38%** | **Arizona–2.38%** | **Arizona–2.38%** |
| Arizona (State of) Industrial Development Authority; Series 2019-2A, Revenue Ctfs. | 3.63% | 05/20/2033 | 2581 | &nbsp;&nbsp; 2441902 |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(e)</sup> <br>| 5.63% | 07/01/2048 | 2000 | &nbsp;&nbsp; 1990123 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 1000 | &nbsp;&nbsp; 974049 |
| Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 D, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2037 | 630 | &nbsp;&nbsp; 631893 |
| Arizona (State of) Industrial Development Authority (Linder Village); Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2031 | 2410 | &nbsp;&nbsp; 2392197 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada <br> and St. Rose Campus Projects); Series 2018 A, RB<sup>(e)</sup> <br>| 5.75% | 07/15/2038 | 1810 | &nbsp;&nbsp; 1828258 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB<sup>(b)(d)</sup> <br>| 4.10% | 06/15/2028 | 7500 | &nbsp;&nbsp; 7509664 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(b)(d)</sup> <br>| 4.00% | 06/01/2029 | 5000 | &nbsp;&nbsp; 4926461 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)(d)</sup> <br>| 5.00% | 09/01/2027 | 4945 | &nbsp;&nbsp; 5039029 |
| Glendale (City of), AZ; Series 2015, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 07/01/2025 | 1000 | &nbsp;&nbsp; 1001449 |
| &nbsp;&nbsp;&nbsp; Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); Series 2017, Ref. <br> RB<br>| 5.00% | 11/15/2028 | 2105 | &nbsp;&nbsp; 1967576 |
| &nbsp;&nbsp;&nbsp; La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public <br> Schools); Series 2018 A, RB<br>| 5.00% | 02/15/2038 | 1200 | &nbsp;&nbsp; 1182264 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.); Series 2022, <br> RB<sup>(b)(e)</sup> <br>| 4.00% | 10/15/2047 | 2000 | &nbsp;&nbsp; 1657967 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (GreatHearts Arizona); Series 2017 C, RB <br> (CEP - Ohio School District)<br>| 5.00% | 07/01/2037 | 315 | &nbsp;&nbsp; 318311 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); <br> Series 2021, RB<sup>(e)</sup> <br>| 4.00% | 07/01/2041 | 1275 | &nbsp;&nbsp; 1101861 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools); Series 2023, <br> RB<sup>(e)</sup> <br>| 5.25% | 07/01/2033 | 725 | &nbsp;&nbsp; 715802 |
| Maricopa County Pollution Control Corp. (Southern California Edison); Series 2000, Ref. RB | 2.40% | 06/01/2035 | 4000 | &nbsp;&nbsp; 3179943 |
| Navajo (Nation of); Series 2015 A-144A, Ref. RB<sup>(e)</sup> <br>| 5.50% | 12/01/2030 | 725 | &nbsp;&nbsp; 729072 |
| Northern Arizona University; Series 2015, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/01/2025 | 250 | &nbsp;&nbsp; 250000 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies); Series 2016, <br> Ref. RB<br>| 5.00% | 07/01/2036 | 1000 | &nbsp;&nbsp; 999937 |
| Phoenix-Mesa Gateway Airport Authority (Mesa); Series 2012, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2038 | 145 | &nbsp;&nbsp; 144699 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); Series 2016, <br> Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2026 | 25 | &nbsp;&nbsp; 25011 |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(e)</sup> <br>| 5.38% | 06/15/2035 | 1360 | &nbsp;&nbsp; 1360459 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 4.00% | 06/15/2041 | 740 | &nbsp;&nbsp; 618075 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Christian Care Tuscon, Inc.); <br> Series 2017 A, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/15/2025 | $1550 | &nbsp;&nbsp; $1581427 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy); <br> Series 2018, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2033 | 2245 | &nbsp;&nbsp; 2229392 |
| &nbsp;&nbsp;&nbsp; University of Arizona Board of Regents (Arizona Biomedical Research Collaborative Building); <br> Series 2006, COP (INS - AMBAC)<sup>(c)</sup> <br>| 4.50% | 06/01/2031 | 20 | &nbsp;&nbsp; 20015 |
| Westpark Community Facility District; Series 2016, Ref. GO Bonds | 5.00% | 07/15/2032 | 2000 | &nbsp;&nbsp; 2014188 |
|  |  |  |  | &nbsp;&nbsp; 48831024 |
| **Arkansas–0.15%** | **Arkansas–0.15%** | **Arkansas–0.15%** | **Arkansas–0.15%** | **Arkansas–0.15%** |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds); Series 2023, <br> RB<sup>(b)</sup> <br>| 5.70% | 05/01/2053 | 2500 | &nbsp;&nbsp; 2528657 |
| Pulaski (County of), AR Public Facilities Board; Series 2014, RB | 5.00% | 12/01/2028 | 530 | &nbsp;&nbsp; 530491 |
|  |  |  |  | &nbsp;&nbsp; 3059148 |
| **California–7.54%** | **California–7.54%** | **California–7.54%** | **California–7.54%** | **California–7.54%** |
| Adelanto Public Utility Authority (Utility System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2028 | 315 | &nbsp;&nbsp; 329519 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2029 | 300 | &nbsp;&nbsp; 313627 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2030 | 325 | &nbsp;&nbsp; 338879 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2031 | 310 | &nbsp;&nbsp; 322655 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2032 | 310 | &nbsp;&nbsp; 322022 |
| Atwater (City of), CA; Series 2017 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 05/01/2033 | 100 | &nbsp;&nbsp; 103279 |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 4.00% | 03/01/2036 | 9190 | &nbsp;&nbsp; 9265875 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds<sup>(d)(f)</sup> <br>| 4.00% | 03/01/2030 | 195 | &nbsp;&nbsp; 204620 |
| &nbsp;&nbsp;&nbsp; California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); <br> Series 2023, RB<sup>(d)</sup> <br>| 5.25% | 04/01/2030 | 1275 | &nbsp;&nbsp; 1338020 |
| California (State of) Community Choice Financing Authority (Green Bonds); Series 2023 C, RB<sup>(d)</sup> <br>| 5.25% | 10/01/2031 | 3250 | &nbsp;&nbsp; 3366090 |
| California (State of) County Tobacco Securitization Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.00% | 06/01/2032 | 385 | &nbsp;&nbsp; 401043 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.00% | 06/01/2033 | 900 | &nbsp;&nbsp; 935853 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.); Series 2002, RB<br>| 6.00% | 06/01/2042 | 2220 | &nbsp;&nbsp; 2236799 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.); <br> Series 2020 A, Ref. RB<br>| 4.00% | 06/01/2049 | 2000 | &nbsp;&nbsp; 1699911 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); <br> Series 2020, Ref. RB<br>| 4.00% | 06/01/2049 | 1380 | &nbsp;&nbsp; 1193582 |
| &nbsp;&nbsp;&nbsp; California (State of) Enterprise Development Authority (Academy for Academic Excellence); <br> Series 2020 A, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2040 | 1000 | &nbsp;&nbsp; 986731 |
| California (State of) Health Facilities Financing Authority; Series 2024 A, RB | 3.85% | 11/15/2027 | 1850 | &nbsp;&nbsp; 1853885 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Providence Health & Services); Series 2014 <br> B, RB<br>| 5.00% | 10/01/2044 | 10100 | &nbsp;&nbsp; 10099532 |
| California (State of) Housing Finance Agency; Series 2019 A-2, RB | 4.00% | 03/20/2033 | 11504 | &nbsp;&nbsp; 11429943 |
| California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB | 4.38% | 09/20/2036 | 4914 | &nbsp;&nbsp; 4872291 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(b)(d)(e)</sup> <br>| 9.50% | 01/01/2035 | 4000 | &nbsp;&nbsp; 3877087 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (American Heritage Education Foundation); <br> Series 2016 A, Ref. RB<br>| 5.00% | 06/01/2046 | 875 | &nbsp;&nbsp; 843059 |
| California (State of) Municipal Finance Authority (Harbor Regional Center); Series 2015, Ref. RB | 5.00% | 11/01/2032 | 1000 | &nbsp;&nbsp; 1004870 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(b)(e)</sup> <br>| 5.00% | 07/01/2027 | 2765 | &nbsp;&nbsp; 2766950 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(b)(e)</sup> <br>| 5.00% | 11/21/2045 | 5000 | &nbsp;&nbsp; 4735552 |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 3.13% | 05/15/2029 | 1565 | &nbsp;&nbsp; 1513840 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 5.00% | 11/15/2036 | 1660 | &nbsp;&nbsp; 1663370 |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital); Series 2017, Ref. RB | 5.00% | 10/15/2033 | 1000 | &nbsp;&nbsp; 1011796 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (California Baptist University); <br> Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 11/01/2032 | 1135 | &nbsp;&nbsp; 1149455 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.25% | 12/01/2029 | $4300 | &nbsp;&nbsp; $4302800 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 5.00% | 12/01/2046 | 9175 | &nbsp;&nbsp; 8700379 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2038 | 1000 | &nbsp;&nbsp; 1002668 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Southern California Edison <br> Company); Series 2006 D, Ref. RB<br>| 4.50% | 11/01/2033 | 2730 | &nbsp;&nbsp; 2775842 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (University of California - Irvine <br> East Campus Apartments - CHF-Irvine, LLC); Series 2016, Ref. RB<br>| 5.00% | 05/15/2032 | 1250 | &nbsp;&nbsp; 1261670 |
| El Centro (City of), CA Financing Authority (El Centro California Redevelopment); Series 2011, RB | 6.63% | 11/01/2025 | 25 | &nbsp;&nbsp; 25072 |
| Golden State Tobacco Securitization Corp.; Series 2005 A, RB<sup>(f)(g)</sup> <br>| 0.00% | 06/01/2028 | 55 | &nbsp;&nbsp; 50214 |
| &nbsp;&nbsp;&nbsp; Indio (City of), CA Community Facilities District No. 2004-3 (Improvement Area No. 1); Series 2015, <br> Ref. RB<br>| 5.00% | 09/01/2035 | 910 | &nbsp;&nbsp; 911951 |
| Inglewood Unified School District; Series 2019 C, GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 08/01/2039 | 1000 | &nbsp;&nbsp; 972892 |
| Jurupa Unified School District; Series 2017 B, GO Bonds | 4.00% | 08/01/2041 | 6085 | &nbsp;&nbsp; 5673163 |
| Lake Elsinore Public Financing Authority; Series 2015, Ref. RB | 5.00% | 09/01/2028 | 2115 | &nbsp;&nbsp; 2120883 |
| &nbsp;&nbsp;&nbsp; Lancaster (City of), CA Redevelopment Agency Successor Agency (Redevelopment Areas); <br> Series 2017, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 08/01/2039 | 3400 | &nbsp;&nbsp; 3264885 |
| Long Beach (City of), CA (Green Bonds); Series 2025, Ref. RB<sup>(b)</sup> <br>| 5.25% | 05/15/2040 | 5000 | &nbsp;&nbsp; 5299636 |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.25% | 05/15/2038 | 3565 | &nbsp;&nbsp; 3648305 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 05/15/2044 | 7005 | &nbsp;&nbsp; 6953789 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, Ref. RB<sup>(b)</sup> <br>| 5.00% | 05/15/2030 | 3000 | &nbsp;&nbsp; 3150817 |
| Los Angeles Unified School District; Series 2020 RYQ, GO Bonds | 4.00% | 07/01/2036 | 5000 | &nbsp;&nbsp; 5028627 |
| Northern California Tobacco Securitization Authority; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 1145 | &nbsp;&nbsp; 1063095 |
| Oakland Unified School District (County of Alameda); Series 2015 A, GO Bonds | 5.00% | 08/01/2028 | 1000 | &nbsp;&nbsp; 1002084 |
| Palomar Health; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2029 | 4605 | &nbsp;&nbsp; 4439028 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2031 | 545 | &nbsp;&nbsp; 510593 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2036 | 1250 | &nbsp;&nbsp; 1086504 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2039 | 1525 | &nbsp;&nbsp; 1254945 |
| &nbsp;&nbsp;&nbsp; Redwood City (City of), CA (Redwood Shores Community Facilities District No. 99-1 - Shores <br> Transportation Improvement); Series 2012, Ref. RB<br>| 5.00% | 09/01/2026 | 495 | &nbsp;&nbsp; 495533 |
| Riverside (City of), CA (Riverwalk Assessment District); Series 2011, Ref. RB | 5.25% | 09/02/2026 | 400 | &nbsp;&nbsp; 401975 |
| Roseville Joint Union High School District; Series 2018, GO Bonds (INS - BAM)<sup>(c)(g)</sup> <br>| 0.00% | 08/01/2043 | 1360 | &nbsp;&nbsp; 567816 |
| San Diego (County of), CA Regional Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2042 | 475 | &nbsp;&nbsp; 470006 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2040 | 3000 | &nbsp;&nbsp; 2779076 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2046 | 1970 | &nbsp;&nbsp; 1724386 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2030 | 2000 | &nbsp;&nbsp; 2125098 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 01/01/2033 | 1000 | &nbsp;&nbsp; 1033776 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 01/01/2034 | 1335 | &nbsp;&nbsp; 1373633 |
| &nbsp;&nbsp;&nbsp; San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement); Series 2011 A, Ref. <br> RB (INS - AGI)<sup>(c)</sup> <br>| 5.50% | 08/01/2026 | 1685 | &nbsp;&nbsp; 1688319 |
| &nbsp;&nbsp;&nbsp; South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1); <br> Series 2015 A, Ref. RB (INS - NATL)<sup>(c)</sup> <br>| 5.00% | 10/01/2028 | 2080 | &nbsp;&nbsp; 2088678 |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2036 | 950 | &nbsp;&nbsp; 975367 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2048 | 65 | &nbsp;&nbsp; 61845 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB<sup>(g)</sup> <br>| 0.00% | 06/01/2054 | 20800 | &nbsp;&nbsp; 4180923 |
|  |  |  |  | &nbsp;&nbsp; 154646408 |
| **Colorado–2.31%** | **Colorado–2.31%** | **Colorado–2.31%** | **Colorado–2.31%** | **Colorado–2.31%** |
| Aurora Crossroads Metropolitan District No. 2; Series 2020 A, GO Bonds | 5.00% | 12/01/2040 | 1463 | &nbsp;&nbsp; 1424650 |
| Baseline Metropolitan District No. 1; Series 2024 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 12/01/2046 | 2500 | &nbsp;&nbsp; 2252275 |
| BNC Metropolitan District No. 1; Series 2017 A, Ref. GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2032 | 360 | &nbsp;&nbsp; 372982 |
| Broadway Park North Metropolitan District No. 2; Series 2020, GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2040 | 1325 | &nbsp;&nbsp; 1215143 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2017, RB<sup>(e)</sup> <br>| 5.00% | 12/01/2029 | 3283 | &nbsp;&nbsp; 3289465 |
| Clear Creek Transit Metropolitan District No. 2; Series 2021 A, GO Bonds | 4.00% | 12/01/2031 | 425 | &nbsp;&nbsp; 366993 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); Series 2021 B, RB | 2.63% | 05/15/2029 | $1125 | &nbsp;&nbsp; $1076994 |
| Colorado (State of) Health Facilities Authority (Christian Living Neighborhoods); Series 2016, Ref. RB | 5.00% | 01/01/2031 | 2475 | &nbsp;&nbsp; 2482741 |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health); Series 2019 A-1, Ref. RB | 4.00% | 08/01/2037 | 4730 | &nbsp;&nbsp; 4562583 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Health Facilities Authority (Covenant Living Communinities and Services); <br> Series 2025, Ref. RB<br>| 5.13% | 12/01/2045 | 3000 | &nbsp;&nbsp; 3027022 |
| Colorado (State of) High Performance Transportation Enterprise; Series 2014, RB<sup>(b)</sup> <br>| 5.75% | 01/01/2044 | 1110 | &nbsp;&nbsp; 1110540 |
| Colorado Housing and Finance Authority (Social Bonds); Series 2025, Ref. RB (CEP - GNMA) | 6.50% | 05/01/2055 | 4750 | &nbsp;&nbsp; 5322159 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-2, RB<sup>(g)</sup> <br>| 0.00% | 08/01/2030 | 800 | &nbsp;&nbsp; 654222 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-2, RB<sup>(g)</sup> <br>| 0.00% | 08/01/2031 | 1000 | &nbsp;&nbsp; 782556 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(b)</sup> <br>| 5.00% | 11/15/2034 | 8750 | &nbsp;&nbsp; 9275153 |
| &nbsp;&nbsp;&nbsp; Series 2022 D, Ref. RB<sup>(b)</sup> <br>| 5.50% | 11/15/2032 | 2250 | &nbsp;&nbsp; 2516962 |
| Evan's Place Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2040 | 1050 | &nbsp;&nbsp; 967983 |
| Interquest South Business Improvement District; Series 2017, GO Bonds | 4.50% | 12/01/2030 | 125 | &nbsp;&nbsp; 121647 |
| Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 A-2, RB | 4.13% | 12/01/2040 | 575 | &nbsp;&nbsp; 507019 |
| Park Creek Metropolitan District; Series 2015 A, Ref. RB (INS - NATL)<sup>(c)</sup> <br>| 5.00% | 12/01/2045 | 250 | &nbsp;&nbsp; 250647 |
| Pueblo Urban Renewal Authority (Evraz); Series 2021 B, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/01/2025 | 250 | &nbsp;&nbsp; 243336 |
| Redtail Ridge Metropolitan District; Series 2025, GO Bonds<sup>(g)</sup> <br>| 0.00% | 12/01/2032 | 4000 | &nbsp;&nbsp; 2337605 |
| Transport Metropolitan District No. 3; Series 2021 A-1, GO Bonds | 4.13% | 12/01/2031 | 805 | &nbsp;&nbsp; 723613 |
| Vauxmont Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/15/2031 | 135 | &nbsp;&nbsp; 139140 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/15/2032 | 160 | &nbsp;&nbsp; 164891 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2031 | 230 | &nbsp;&nbsp; 244648 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2032 | 250 | &nbsp;&nbsp; 264894 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2033 | 255 | &nbsp;&nbsp; 269066 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2034 | 285 | &nbsp;&nbsp; 299343 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2035 | 100 | &nbsp;&nbsp; 104561 |
| Windler Public Improvement Authority; Series 2021 A-1, RB | 4.00% | 12/01/2031 | 1065 | &nbsp;&nbsp; 1009442 |
|  |  |  |  | &nbsp;&nbsp; 47380275 |
| **Connecticut–0.71%** | **Connecticut–0.71%** | **Connecticut–0.71%** | **Connecticut–0.71%** | **Connecticut–0.71%** |
| Connecticut (State of); Series 2019 A, GO Bonds | 5.00% | 04/15/2034 | 4150 | &nbsp;&nbsp; 4381374 |
| Connecticut (State of) Health & Educational Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 G-1, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2030 | 285 | &nbsp;&nbsp; 290251 |
| &nbsp;&nbsp;&nbsp; Series 2020 G-1, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2031 | 540 | &nbsp;&nbsp; 548913 |
| &nbsp;&nbsp;&nbsp; Series 2020 G-1, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2033 | 600 | &nbsp;&nbsp; 606045 |
| Hamden (Town of), CT (Whitney Center); Series 2019, Ref. RB | 5.00% | 01/01/2040 | 6190 | &nbsp;&nbsp; 5814204 |
| University of Connecticut; Series 2016 A, RB | 5.00% | 03/15/2032 | 2940 | &nbsp;&nbsp; 2973805 |
|  |  |  |  | &nbsp;&nbsp; 14614592 |
| **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** |
| District of Columbia; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 10/01/2036 | 2800 | &nbsp;&nbsp; 2979403 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 10/01/2037 | 2955 | &nbsp;&nbsp; 3116411 |
| District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB | 5.00% | 10/01/2030 | 2075 | &nbsp;&nbsp; 2074965 |
| District of Columbia (The Catholic University of America); Series 2018, Ref. RB | 5.00% | 10/01/2043 | 2275 | &nbsp;&nbsp; 2205102 |
| Metropolitan Washington Airports Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB<sup>(g)</sup> <br>| 0.00% | 10/01/2037 | 5000 | &nbsp;&nbsp; 2688757 |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB (INS - AGI)<sup>(c)(g)</sup> <br>| 0.00% | 10/01/2037 | 40 | &nbsp;&nbsp; 21677 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2039 | 3775 | &nbsp;&nbsp; 3824995 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2040 | 1635 | &nbsp;&nbsp; 1652240 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2039 | 5445 | &nbsp;&nbsp; 5144530 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2033 | 6000 | &nbsp;&nbsp; 6353661 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(b)</sup> <br>| 5.25% | 10/01/2043 | 2435 | &nbsp;&nbsp; 2490768 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2033 | 5000 | &nbsp;&nbsp; 5370085 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2034 | 5000 | &nbsp;&nbsp; 5338126 |
|  |  |  |  | &nbsp;&nbsp; 43260720 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Florida–10.24%** | **Florida–10.24%** | **Florida–10.24%** | **Florida–10.24%** | **Florida–10.24%** |
| Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 12/01/2044 | $6870 | &nbsp;&nbsp; $6775263 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 12/01/2037 | 2570 | &nbsp;&nbsp; 2641578 |
| Babcock Ranch Community Independent Special District; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2044 | 875 | &nbsp;&nbsp; 829351 |
| Broward (County of), FL; Series 2015 A, RB<sup>(b)</sup> <br>| 4.10% | 10/01/2037 | 5000 | &nbsp;&nbsp; 4866712 |
| Broward (County of), FL (Convention Center Expansion); Series 2021, RB | 4.00% | 09/01/2037 | 13000 | &nbsp;&nbsp; 12926022 |
| Canaveral Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 06/01/2045 | 4630 | &nbsp;&nbsp; 4485054 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 06/01/2048 | 4000 | &nbsp;&nbsp; 3945565 |
| Cape Coral (City of), FL; Series 2017, Ref. RB (INS - BAM)<sup>(c)</sup> <br>| 4.00% | 10/01/2042 | 12440 | &nbsp;&nbsp; 11464395 |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group); Series 2024, <br> Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/15/2034 | 785 | &nbsp;&nbsp; 790536 |
| Capital Trust Agency, Inc. (Franklin Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 12/15/2035 | 1085 | &nbsp;&nbsp; 1062410 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 12/15/2040 | 4860 | &nbsp;&nbsp; 4514992 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences); Series 2018 B, RB (Acquired <br> 06/15/2018; Cost $490,326)<sup>(h)(i)</sup> <br>| 4.50% | 07/01/2038 | 500 | &nbsp;&nbsp; 8750 |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.); Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2032 | 2645 | &nbsp;&nbsp; 2397182 |
| Capital Trust Agency, Inc. (Viera Charter Schools, Inc.); Series 2017 A, RB<sup>(e)</sup> <br>| 5.00% | 10/15/2037 | 510 | &nbsp;&nbsp; 505724 |
| Capital Trust Authority (Central Florida Preparatory School Project); Series 2024, RB<sup>(e)</sup> <br>| 6.25% | 06/15/2040 | 2695 | &nbsp;&nbsp; 2700111 |
| &nbsp;&nbsp;&nbsp; Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities); Series 2019, <br> RB<sup>(b)(e)</sup> <br>| 5.00% | 10/01/2034 | 1000 | &nbsp;&nbsp; 1011576 |
| &nbsp;&nbsp;&nbsp; Collier (County of), FL Industrial Development Authority (The Arlington of Naples); Series 2014 A, RB <br> (Acquired 12/16/2013; Cost $906,018)<sup>(e)(h)(i)</sup> <br>| 7.25% | 05/15/2026 | 906 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Higher Educational Facilities Financial Authority (Florida Institute of Technology); <br> Series 2019, RB<br>| 5.00% | 10/01/2032 | 2590 | &nbsp;&nbsp; 2668627 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Higher Educational Facilities Financial Authority (Rollins College); Series 2020, Ref. <br> RB<br>| 4.00% | 12/01/2037 | 1300 | &nbsp;&nbsp; 1275281 |
| Florida (State of) North Broward Hospital District; Series 2017 B, Ref. RB | 5.00% | 01/01/2034 | 5000 | &nbsp;&nbsp; 5069650 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.00% | 07/01/2044 | 10000 | &nbsp;&nbsp; 9794656 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.25% | 07/01/2047 | 9000 | &nbsp;&nbsp; 9027867 |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC); Series 2024, RB<sup>(b)(d)(e)</sup> <br>| 4.38% | 10/01/2031 | 1500 | &nbsp;&nbsp; 1494105 |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(e)</sup> <br>| 6.00% | 06/15/2035 | 1265 | &nbsp;&nbsp; 1265544 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(e)</sup> <br>| 4.00% | 09/15/2030 | 470 | &nbsp;&nbsp; 447561 |
| Florida Housing Finance Corp.; Series 2024 3, RB (CEP - GNMA) | 6.25% | 01/01/2055 | 2095 | &nbsp;&nbsp; 2273923 |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2034 | 4125 | &nbsp;&nbsp; 4126932 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2031 | 4000 | &nbsp;&nbsp; 4188062 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2032 | 3025 | &nbsp;&nbsp; 3156979 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2034 | 5000 | &nbsp;&nbsp; 5181586 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2042 | 5000 | &nbsp;&nbsp; 5204502 |
| Greater Orlando Aviation Authority (Jetblue Airways Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB<sup>(b)</sup> <br>| 5.00% | 11/15/2026 | 3500 | &nbsp;&nbsp; 3500203 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB<sup>(b)</sup> <br>| 5.00% | 11/15/2036 | 1250 | &nbsp;&nbsp; 1250114 |
| &nbsp;&nbsp;&nbsp; Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties); Series 2018 <br> A, RB (Acquired 08/29/2018; Cost $2,003,585)<sup>(h)(i)</sup> <br>| 5.25% | 04/01/2028 | 2008 | &nbsp;&nbsp; 25104 |
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport); Series 2015 A, RB | 5.00% | 10/01/2044 | 1485 | &nbsp;&nbsp; 1484955 |
| Hyde Park Community Development District No. 1; Series 2024 B, RB | 5.25% | 05/01/2034 | 1700 | &nbsp;&nbsp; 1685410 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 07/15/2028 | 395 | &nbsp;&nbsp; 395817 |
| Lee (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2035 | 5000 | &nbsp;&nbsp; 5183027 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2039 | 5000 | &nbsp;&nbsp; 5280071 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.25% | 10/01/2043 | 1375 | &nbsp;&nbsp; 1418546 |
| Lee (County of), FL Industrial Development Authority (Preserve (The)); Series 2017 A, RB<sup>(e)</sup> <br>| 5.38% | 12/01/2032 | 1000 | &nbsp;&nbsp; 777124 |
| Manatee (County of), FL School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2029 | 900 | &nbsp;&nbsp; 923365 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2031 | 3000 | &nbsp;&nbsp; 3066980 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2032 | 1250 | &nbsp;&nbsp; 1275388 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center); Series 2014, Ref. RB | 5.00% | 11/15/2044 | $1000 | &nbsp;&nbsp; $985216 |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB | 4.00% | 10/01/2036 | 15000 | &nbsp;&nbsp; 14895883 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2040 | 7115 | &nbsp;&nbsp; 7102278 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 10/01/2042 | 5120 | &nbsp;&nbsp; 4720758 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2033 | 3865 | &nbsp;&nbsp; 4103712 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2036 | 5000 | &nbsp;&nbsp; 5257260 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-1, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 10/01/2040 | 2000 | &nbsp;&nbsp; 1918224 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-1, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 10/01/2041 | 2750 | &nbsp;&nbsp; 2602093 |
| Miami-Dade (County of), FL (Jackson Health System); Series 2015 A, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/01/2025 | 1000 | &nbsp;&nbsp; 1000000 |
| Miami-Dade (County of), FL Expressway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB | 5.00% | 07/01/2040 | 925 | &nbsp;&nbsp; 924963 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB | 5.00% | 07/01/2033 | 600 | &nbsp;&nbsp; 600460 |
| Miami-Dade (County of), FL Transit System; Series 2022, RB | 5.00% | 07/01/2044 | 5000 | &nbsp;&nbsp; 5123571 |
| &nbsp;&nbsp;&nbsp; Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); Series 2025, <br> Ref. RB<br>| 5.00% | 10/01/2043 | 5000 | &nbsp;&nbsp; 5103811 |
| Osceola (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, Ref. RB | 5.00% | 10/01/2033 | 350 | &nbsp;&nbsp; 361690 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, Ref. RB | 5.00% | 10/01/2034 | 300 | &nbsp;&nbsp; 309452 |
| &nbsp;&nbsp;&nbsp; Series 2020 A-1, Ref. RB | 5.00% | 10/01/2035 | 500 | &nbsp;&nbsp; 513834 |
| Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/15/2032 | 3650 | &nbsp;&nbsp; 3700922 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 11/15/2045 | 2500 | &nbsp;&nbsp; 2397878 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 11/15/2041 | 250 | &nbsp;&nbsp; 225760 |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 05/15/2031 | 410 | &nbsp;&nbsp; 415609 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 05/15/2033 | 2055 | &nbsp;&nbsp; 2078846 |
| Tampa (City of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(g)</sup> <br>| 0.00% | 09/01/2041 | 3030 | &nbsp;&nbsp; 1334429 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(g)</sup> <br>| 0.00% | 09/01/2049 | 3795 | &nbsp;&nbsp; 1019408 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2023, RB<sup>(e)</sup> <br>| 4.85% | 05/01/2038 | 990 | &nbsp;&nbsp; 996041 |
|  |  |  |  | &nbsp;&nbsp; 210058789 |
| **Georgia–1.22%** | **Georgia–1.22%** | **Georgia–1.22%** | **Georgia–1.22%** | **Georgia–1.22%** |
| Atlanta (City of), GA; Series 2019, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2038 | 1540 | &nbsp;&nbsp; 1471592 |
| &nbsp;&nbsp;&nbsp; Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle); Series 1995, <br> RB<br>| 2.20% | 10/01/2032 | 2000 | &nbsp;&nbsp; 1666610 |
| College Park (City of), GA (Atlanta International Airport); Series 2006 B, RB (INS - NATL)<sup>(c)</sup> <br>| 4.50% | 01/01/2031 | 15 | &nbsp;&nbsp; 15006 |
| Floyd (County of), GA Development Authority (The Spires at Berry College); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.50% | 12/01/2028 | 770 | &nbsp;&nbsp; 769947 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.75% | 12/01/2033 | 1500 | &nbsp;&nbsp; 1499840 |
| &nbsp;&nbsp;&nbsp; Fulton (County of), GA Development Authority (Robert W. Woodruff Arts Center); Series 2019, Ref. <br> RB<br>| 4.00% | 03/15/2044 | 1915 | &nbsp;&nbsp; 1698289 |
| Fulton (County of), GA Development Authority (Wellstar Health System, Inc.); Series 2017, RAC | 5.00% | 04/01/2033 | 1870 | &nbsp;&nbsp; 1911570 |
| George L Smith II Congress Center Authority (Convention Center Hotel); Series 2021, RB | 2.38% | 01/01/2031 | 525 | &nbsp;&nbsp; 481663 |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 01/01/2041 | 480 | &nbsp;&nbsp; 440587 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 01/01/2041 | 485 | &nbsp;&nbsp; 456913 |
| &nbsp;&nbsp;&nbsp; Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.); <br> Series 2017 A, RB<sup>(e)</sup> <br>| 5.75% | 06/15/2037 | 1540 | &nbsp;&nbsp; 1565409 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2029 | 5000 | &nbsp;&nbsp; 5162743 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(d)</sup> <br>| 5.00% | 03/01/2030 | 5000 | &nbsp;&nbsp; 5205078 |
| &nbsp;&nbsp;&nbsp; Savannah (City of), GA Hospital Authority (St. Josephs Candler Health System); Series 2019 A, Ref. <br> RB<br>| 4.00% | 07/01/2043 | 3000 | &nbsp;&nbsp; 2722379 |
|  |  |  |  | &nbsp;&nbsp; 25067626 |
| **Guam–0.19%** | **Guam–0.19%** | **Guam–0.19%** | **Guam–0.19%** | **Guam–0.19%** |
| Guam (Territory of); Series 2021 A, Ref. RB | 5.00% | 11/01/2040 | 4000 | &nbsp;&nbsp; 4002094 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Hawaii–0.32%** | **Hawaii–0.32%** | **Hawaii–0.32%** | **Hawaii–0.32%** | **Hawaii–0.32%** |
| Hawaii (State of); Series 2020 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/01/2035 | $665 | &nbsp;&nbsp; $634840 |
| Honolulu (City & County of), HI; Series 2023, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2026 | 5750 | &nbsp;&nbsp; 5845273 |
|  |  |  |  | &nbsp;&nbsp; 6480113 |
| **Illinois–7.61%** | **Illinois–7.61%** | **Illinois–7.61%** | **Illinois–7.61%** | **Illinois–7.61%** |
| Bolingbrook (Village of), IL Special Service Area No. 2005-1; Series 2019, Ref. RB | 5.00% | 03/01/2033 | 1645 | &nbsp;&nbsp; 1656585 |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.75% | 01/01/2034 | 2750 | &nbsp;&nbsp; 2804407 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB | 5.00% | 01/01/2033 | 3000 | &nbsp;&nbsp; 3058739 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.50% | 01/01/2035 | 3000 | &nbsp;&nbsp; 3099341 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. GO Bonds | 5.00% | 01/01/2033 | 8985 | &nbsp;&nbsp; 9341953 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. GO Bonds | 4.00% | 01/01/2035 | 2500 | &nbsp;&nbsp; 2370772 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, GO Bonds | 5.00% | 01/01/2044 | 2650 | &nbsp;&nbsp; 2534719 |
| Chicago (City of), IL (83rd/Stewart Redevelopment); Series 2013, COP<sup>(e)</sup> <br>| 7.00% | 01/15/2029 | 587 | &nbsp;&nbsp; 586995 |
| Chicago (City of), IL (Chicago Works); Series 2023 A, GO Bonds | 5.50% | 01/01/2041 | 2020 | &nbsp;&nbsp; 2044347 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2048 | 3750 | &nbsp;&nbsp; 3571732 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 01/01/2037 | 2250 | &nbsp;&nbsp; 2232988 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 01/01/2039 | 1590 | &nbsp;&nbsp; 1544298 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. RB<sup>(b)</sup> <br>| 5.25% | 01/01/2043 | 3250 | &nbsp;&nbsp; 3342634 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, GO Bonds | 5.00% | 12/01/2042 | 6730 | &nbsp;&nbsp; 6106444 |
| &nbsp;&nbsp;&nbsp; Series 2015 C, GO Bonds | 5.25% | 12/01/2039 | 8410 | &nbsp;&nbsp; 7957067 |
| &nbsp;&nbsp;&nbsp; Series 2017 C, Ref. GO Bonds | 5.00% | 12/01/2030 | 2000 | &nbsp;&nbsp; 2024538 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.75% | 04/01/2035 | 1000 | &nbsp;&nbsp; 1027576 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2027 | 800 | &nbsp;&nbsp; 824595 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2030 | 1000 | &nbsp;&nbsp; 1031343 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 12/01/2031 | 1250 | &nbsp;&nbsp; 1286567 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds | 5.00% | 12/01/2033 | 2875 | &nbsp;&nbsp; 2883348 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, Ref. GO Bonds | 5.00% | 12/01/2025 | 1000 | &nbsp;&nbsp; 1003047 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 12/01/2035 | 20 | &nbsp;&nbsp; 20264 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 12/01/2038 | 1240 | &nbsp;&nbsp; 1233647 |
| Chicago (City of), IL Midway International Airport; Series 2016 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 01/01/2027 | 2000 | &nbsp;&nbsp; 2015523 |
| Cook (County of), IL; Series 2018, Ref. RB | 5.25% | 11/15/2036 | 1520 | &nbsp;&nbsp; 1561542 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; First Series 2001, GO Bonds (INS - NATL)<sup>(c)</sup> <br>| 6.00% | 11/01/2026 | 275 | &nbsp;&nbsp; 279615 |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 5.00% | 11/01/2025 | 2135 | &nbsp;&nbsp; 2150350 |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 5.00% | 11/01/2030 | 1040 | &nbsp;&nbsp; 1057922 |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 4.00% | 06/01/2032 | 3155 | &nbsp;&nbsp; 3107774 |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 4.00% | 06/01/2033 | 2250 | &nbsp;&nbsp; 2199490 |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 5.00% | 11/01/2041 | 5400 | &nbsp;&nbsp; 5368249 |
| &nbsp;&nbsp;&nbsp; Series 2017 C, GO Bonds | 5.00% | 11/01/2029 | 2000 | &nbsp;&nbsp; 2063772 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds | 5.00% | 10/01/2028 | 8375 | &nbsp;&nbsp; 8758011 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. GO Bonds | 5.00% | 10/01/2027 | 1405 | &nbsp;&nbsp; 1456014 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 4.00% | 10/01/2035 | 3000 | &nbsp;&nbsp; 2909992 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.50% | 05/01/2030 | 3000 | &nbsp;&nbsp; 3161204 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.50% | 05/01/2039 | 2455 | &nbsp;&nbsp; 2570092 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 03/01/2046 | 300 | &nbsp;&nbsp; 298563 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds | 5.25% | 05/01/2039 | 4000 | &nbsp;&nbsp; 4194083 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 5.25% | 05/01/2044 | 5000 | &nbsp;&nbsp; 5110451 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. GO Bonds | 5.00% | 02/01/2037 | 2250 | &nbsp;&nbsp; 2385903 |
| Illinois (State of) (Rebuild Illinois Program); Series 2019 B, GO Bonds | 4.00% | 11/01/2035 | 4450 | &nbsp;&nbsp; 4330458 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(b)</sup> <br>| 8.00% | 06/01/2032 | 710 | &nbsp;&nbsp; 710736 |
| Illinois (State of) Finance Authority (Benedictine University); Series 2021, Ref. RB | 5.00% | 10/01/2030 | 1300 | &nbsp;&nbsp; 1216428 |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation); Series 2023, Ref. RB<sup>(e)</sup> <br>| 4.50% | 08/01/2033 | 1275 | &nbsp;&nbsp; 1294082 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 1028 | &nbsp;&nbsp; 738777 |
| Illinois (State of) Finance Authority (Rush University Medical Center); Series 2015 A, Ref. RB | 5.00% | 11/15/2034 | 4500 | &nbsp;&nbsp; 4499892 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB (INS - AGI)<sup>(c)(g)</sup> <br>| 0.00% | 12/15/2029 | $2550 | &nbsp;&nbsp; $2162521 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB (INS - NATL)<sup>(c)(g)</sup> <br>| 0.00% | 06/15/2033 | 3490 | &nbsp;&nbsp; 2483159 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB (INS - NATL)<sup>(c)(g)</sup> <br>| 0.00% | 12/15/2033 | 10000 | &nbsp;&nbsp; 6938874 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB (INS - NATL)<sup>(c)(g)</sup> <br>| 0.00% | 12/15/2034 | 5000 | &nbsp;&nbsp; 3293278 |
| Illinois (State of) Sports Facilities Authority (The); Series 2019, Ref. RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 06/15/2029 | 1000 | &nbsp;&nbsp; 1051941 |
| Illinois (State of) Toll Highway Authority; Series 2021 A, RB | 4.00% | 01/01/2046 | 5000 | &nbsp;&nbsp; 4503965 |
| Kane County School District No. 131 Aurora East Side; Series 2020 A, GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 12/01/2036 | 745 | &nbsp;&nbsp; 737710 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 1000 | &nbsp;&nbsp; 986689 |
| Matteson (Village of), IL; Series 2015, RB | 6.50% | 12/01/2035 | 1875 | &nbsp;&nbsp; 1919845 |
| Southwestern Illinois Development Authority (US Steel Corp.); Series 2012, RB<sup>(b)</sup> <br>| 5.75% | 08/01/2042 | 4050 | &nbsp;&nbsp; 4049960 |
| Stephenson County School District No. 145 Freeport; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds<sup>(d)(f)</sup> <br>| 5.00% | 02/01/2028 | 40 | &nbsp;&nbsp; 42123 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds<sup>(d)(f)</sup> <br>| 5.00% | 02/01/2028 | 195 | &nbsp;&nbsp; 205350 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 02/01/2031 | 660 | &nbsp;&nbsp; 692460 |
|  |  |  |  | &nbsp;&nbsp; 156094744 |
| **Indiana–1.23%** | **Indiana–1.23%** | **Indiana–1.23%** | **Indiana–1.23%** | **Indiana–1.23%** |
| Allen (County of), OH (Evergreen Village Fort Wayne); Series 2019, RB | 6.00% | 02/01/2039 | 585 | &nbsp;&nbsp; 562669 |
| Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.); Series 2020 A, RB | 4.00% | 07/01/2030 | 191 | &nbsp;&nbsp; 185835 |
| Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB<sup>(b)(d)</sup> <br>| 4.00% | 08/01/2028 | 10000 | &nbsp;&nbsp; 9919186 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB<sup>(b)(d)</sup> <br>| 4.00% | 08/01/2028 | 5315 | &nbsp;&nbsp; 5323990 |
| Indiana (State of) Finance Authority (U.S. Steel Corp.); Series 2021 A, Ref. RB | 4.13% | 12/01/2026 | 1000 | &nbsp;&nbsp; 1000744 |
| Indiana (State of) Finance Authority (US Steel Corp.); Series 2012, RB<sup>(b)</sup> <br>| 5.75% | 08/01/2042 | 5 | &nbsp;&nbsp; 5000 |
| Indiana University; Series 2015 A, Ref. RB | 4.00% | 06/01/2042 | 3000 | &nbsp;&nbsp; 2708922 |
| Jeffersonville (City of), IN (Vivera Senior Living); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 4.75% | 11/01/2030 | 495 | &nbsp;&nbsp; 469389 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 5.25% | 11/01/2040 | 4560 | &nbsp;&nbsp; 3934617 |
| Kokomo (City of), IN (Silver Birch at KOKOMO); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.75% | 01/01/2034 | 105 | &nbsp;&nbsp; 97675 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.88% | 01/01/2037 | 755 | &nbsp;&nbsp; 682853 |
| Terre Haute (City of), IN (Silver Birch of Terre Haute); Series 2017, RB | 5.10% | 01/01/2032 | 490 | &nbsp;&nbsp; 449383 |
|  |  |  |  | &nbsp;&nbsp; 25340263 |
| **Iowa–1.09%** | **Iowa–1.09%** | **Iowa–1.09%** | **Iowa–1.09%** | **Iowa–1.09%** |
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | 6545 | &nbsp;&nbsp; 6258495 |
| Iowa (State of) Finance Authority (Green Bonds); Series 2024, RB (CEP - GNMA) | 4.50% | 07/01/2044 | 5000 | &nbsp;&nbsp; 4872260 |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 05/15/2036 | 1050 | &nbsp;&nbsp; 1053367 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 05/15/2029 | 1490 | &nbsp;&nbsp; 1482037 |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.); Series 2018, RB | 4.45% | 08/01/2028 | 125 | &nbsp;&nbsp; 122357 |
| Iowa (State of) Tobacco Settlement Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, Ref. RB | 5.00% | 06/01/2029 | 2325 | &nbsp;&nbsp; 2425396 |
| &nbsp;&nbsp;&nbsp; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 450 | &nbsp;&nbsp; 450000 |
| PEFA, Inc.; Series 2019, RB<sup>(d)</sup> <br>| 5.00% | 09/01/2026 | 5635 | &nbsp;&nbsp; 5697394 |
|  |  |  |  | &nbsp;&nbsp; 22361306 |
| **Kansas–0.40%** | **Kansas–0.40%** | **Kansas–0.40%** | **Kansas–0.40%** | **Kansas–0.40%** |
| Lenexa (City of), KS (Lakeview Village, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 05/15/2029 | 1210 | &nbsp;&nbsp; 1221613 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 05/15/2031 | 1335 | &nbsp;&nbsp; 1344015 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 05/15/2039 | 1500 | &nbsp;&nbsp; 1463578 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 I, Ref. RB | 5.00% | 05/15/2028 | 590 | &nbsp;&nbsp; 588758 |
| &nbsp;&nbsp;&nbsp; Series 2018 I, Ref. RB | 5.00% | 05/15/2033 | 1140 | &nbsp;&nbsp; 1126562 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2027 | 1165 | &nbsp;&nbsp; 1163034 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2028 | 1220 | &nbsp;&nbsp; 1217432 |
|  |  |  |  | &nbsp;&nbsp; 8124992 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Kentucky–1.91%** | **Kentucky–1.91%** | **Kentucky–1.91%** | **Kentucky–1.91%** | **Kentucky–1.91%** |
| Ashland (City of), KY (King's Daughters Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 02/01/2030 | $370 | &nbsp;&nbsp; $387591 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 02/01/2032 | 450 | &nbsp;&nbsp; 458649 |
| &nbsp;&nbsp;&nbsp; Fayette County School District Finance Corp.; Series 2015 D, RB (CEP - Colorado Higher Education <br> Intercept Program)<br>| 5.00% | 08/01/2031 | 1000 | &nbsp;&nbsp; 1002353 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent <br> Living II, Inc.); Series 2016 A, Ref. RB<br>| 5.00% | 05/15/2036 | 2000 | &nbsp;&nbsp; 1779063 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky <br> Information Highway);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2028 | 1500 | &nbsp;&nbsp; 1501576 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2030 | 2000 | &nbsp;&nbsp; 2001823 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1000775 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.); <br> Series 2017 A, Ref. RB<br>| 5.00% | 06/01/2032 | 1435 | &nbsp;&nbsp; 1454502 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green); <br> Series 2015, Ref. RB<br>| 5.50% | 11/15/2035 | 3100 | &nbsp;&nbsp; 2838756 |
| Kentucky (Commonwealth of) Municipal Power Agency; Series 2015 A, Ref. RB (INS - NATL)<sup>(c)</sup> <br>| 5.00% | 09/01/2028 | 1260 | &nbsp;&nbsp; 1264033 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Municipal Power Agency (Prairie State); Series 2016 A, Ref. RB (INS - <br> NATL)<sup>(c)</sup> <br>| 5.00% | 09/01/2032 | 5480 | &nbsp;&nbsp; 5555685 |
| Kentucky (Commonwealth of) Property & Building Commission (No. 119); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/01/2031 | 100 | &nbsp;&nbsp; 105067 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/01/2032 | 100 | &nbsp;&nbsp; 104895 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/01/2033 | 100 | &nbsp;&nbsp; 104632 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 05/01/2034 | 100 | &nbsp;&nbsp; 104367 |
| Kentucky (Commonwealth of) Public Energy Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 C, RB<sup>(d)</sup> <br>| 4.00% | 02/01/2028 | 5000 | &nbsp;&nbsp; 4996042 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, Ref. RB<sup>(d)</sup> <br>| 5.25% | 02/01/2032 | 9000 | &nbsp;&nbsp; 9526967 |
| &nbsp;&nbsp;&nbsp; Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.); <br> Series 2020 A, RB<br>| 4.00% | 10/01/2040 | 1500 | &nbsp;&nbsp; 1364912 |
| University of Kentucky; Series 2015 A, RB (CEP - Colorado Higher Education Intercept Program) | 4.00% | 04/01/2037 | 3665 | &nbsp;&nbsp; 3576549 |
|  |  |  |  | &nbsp;&nbsp; 39128237 |
| **Louisiana–0.46%** | **Louisiana–0.46%** | **Louisiana–0.46%** | **Louisiana–0.46%** | **Louisiana–0.46%** |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Public Facilities Authority (19th Judicial District Court Building); Series 2015, <br> Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/01/2025 | 1405 | &nbsp;&nbsp; 1405000 |
| Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2028 | 250 | &nbsp;&nbsp; 212500 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2029 | 400 | &nbsp;&nbsp; 340000 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2030 | 500 | &nbsp;&nbsp; 425000 |
| New Orleans (City of), LA; Series 2014, Ref. RB | 5.00% | 12/01/2026 | 1250 | &nbsp;&nbsp; 1251494 |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2036 | 220 | &nbsp;&nbsp; 226163 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2037 | 145 | &nbsp;&nbsp; 148389 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2038 | 100 | &nbsp;&nbsp; 101814 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2030 | 350 | &nbsp;&nbsp; 368657 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2032 | 200 | &nbsp;&nbsp; 208721 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2033 | 135 | &nbsp;&nbsp; 140396 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2034 | 100 | &nbsp;&nbsp; 103678 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2008, RB<sup>(d)(e)</sup> <br>| 6.10% | 06/01/2030 | 2700 | &nbsp;&nbsp; 2872402 |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.); Series 2017, Ref. RB<sup>(d)</sup> <br>| 4.05% | 07/01/2026 | 1750 | &nbsp;&nbsp; 1750304 |
|  |  |  |  | &nbsp;&nbsp; 9554518 |
| **Maine–0.05%** | **Maine–0.05%** | **Maine–0.05%** | **Maine–0.05%** | **Maine–0.05%** |
| Maine (State of) Finance Authority (Casella Waste Systems, Inc.); Series 2024, Ref. RB<sup>(b)(d)(e)</sup> <br>| 4.63% | 06/01/2035 | 1000 | &nbsp;&nbsp; 974702 |
| **Maryland–0.67%** | **Maryland–0.67%** | **Maryland–0.67%** | **Maryland–0.67%** | **Maryland–0.67%** |
| Baltimore (City of), MD (East Baltimore Research Park); Series 2017, Ref. RB | 5.00% | 09/01/2038 | 1275 | &nbsp;&nbsp; 1275090 |
| Baltimore (City of), MD (Water); Series 2017 A, RB | 5.00% | 07/01/2041 | 1150 | &nbsp;&nbsp; 1155819 |
| Gaithersburg (City of), MD (Asbury Maryland Obligated Group); Series 2018 A, Ref. RB | 5.00% | 01/01/2036 | 2000 | &nbsp;&nbsp; 2011700 |
| Howard (County of), MD (Downtown Columbia); Series 2017 A, RB<sup>(e)</sup> <br>| 4.13% | 02/15/2034 | 1000 | &nbsp;&nbsp; 954406 |
| Maryland (State of) Department of Transportation; Series 2012, RB | 2.25% | 10/01/2025 | 100 | &nbsp;&nbsp; 99479 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Maryland–(continued)** | **Maryland–(continued)** | **Maryland–(continued)** | **Maryland–(continued)** | **Maryland–(continued)** |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Meritus Medical Center); <br> Series 2015 A, Ref. RB<br>| 5.00% | 07/01/2040 | $4350 | &nbsp;&nbsp; $4349794 |
| Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 06/01/2034 | 350 | &nbsp;&nbsp; 335907 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 06/01/2036 | 450 | &nbsp;&nbsp; 421916 |
| Maryland Economic Development Corp. (Port Covington); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 3.25% | 09/01/2030 | 900 | &nbsp;&nbsp; 866008 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2040 | 2500 | &nbsp;&nbsp; 2233376 |
|  |  |  |  | &nbsp;&nbsp; 13703495 |
| **Massachusetts–2.28%** | **Massachusetts–2.28%** | **Massachusetts–2.28%** | **Massachusetts–2.28%** | **Massachusetts–2.28%** |
| Massachusetts (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, GO Bonds | 4.00% | 05/01/2045 | 5320 | &nbsp;&nbsp; 4851507 |
| &nbsp;&nbsp;&nbsp; Series 2016 G, GO Bonds | 4.00% | 09/01/2037 | 3000 | &nbsp;&nbsp; 2977208 |
| Massachusetts (Commonwealth of) Development Finance Agency; Series 2019 A, Ref. RB | 5.00% | 07/01/2031 | 1530 | &nbsp;&nbsp; 1559991 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Ascentria Care Alliance); <br> Series 2021, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2041 | 2050 | &nbsp;&nbsp; 1814898 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Boston University); Series 2023 <br> FF, Ref. RB<br>| 4.00% | 10/01/2046 | 5000 | &nbsp;&nbsp; 4454633 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Emerson College); Series 2017 A, <br> Ref. RB<br>| 5.00% | 01/01/2026 | 1600 | &nbsp;&nbsp; 1613657 |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 10/01/2037 | 3500 | &nbsp;&nbsp; 3521548 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 10/01/2057 | 5420 | &nbsp;&nbsp; 4852317 |
| Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2041 | 1300 | &nbsp;&nbsp; 1116122 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2048 | 1380 | &nbsp;&nbsp; 1083165 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University); Series 2017, <br> Ref. RB<br>| 5.00% | 07/01/2034 | 1000 | &nbsp;&nbsp; 1001149 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Boston College); <br> Series 2000, RB<br>| 5.50% | 06/01/2035 | 5400 | &nbsp;&nbsp; 6182080 |
| Massachusetts (Commonwealth of) School Building Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 4.00% | 02/15/2039 | 10735 | &nbsp;&nbsp; 10270738 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 4.00% | 02/15/2041 | 1685 | &nbsp;&nbsp; 1581430 |
|  |  |  |  | &nbsp;&nbsp; 46880443 |
| **Michigan–0.54%** | **Michigan–0.54%** | **Michigan–0.54%** | **Michigan–0.54%** | **Michigan–0.54%** |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2032 | 650 | &nbsp;&nbsp; 654871 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2042 | 2710 | &nbsp;&nbsp; 2528343 |
| Michigan (State of) Building Authority (Facilities Program); Series 2015 I, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 10/15/2025 | 615 | &nbsp;&nbsp; 619170 |
| Michigan (State of) Finance Authority; Series 2020 B-1, Ref. RB | 5.00% | 06/01/2049 | 545 | &nbsp;&nbsp; 539795 |
| &nbsp;&nbsp;&nbsp; Michigan (State of) Finance Authority (Detroit Water & Sewerage Department); Series 2015 D-1, Ref. <br> RB<br>| 5.00% | 07/01/2029 | 750 | &nbsp;&nbsp; 750972 |
| Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds); Series 2024, RB | 5.25% | 02/28/2042 | 1000 | &nbsp;&nbsp; 1031911 |
| Michigan (State of) Housing Development Authority (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 6.00% | 06/01/2054 | 1430 | &nbsp;&nbsp; 1536116 |
| &nbsp;&nbsp;&nbsp; Series 2024 D, RB | 6.25% | 06/01/2055 | 2750 | &nbsp;&nbsp; 3000948 |
| Michigan Strategic Fund; Series 2016, RB | 5.00% | 07/01/2031 | 1530 | &nbsp;&nbsp; 341190 |
|  |  |  |  | &nbsp;&nbsp; 11003316 |
| **Minnesota–0.52%** | **Minnesota–0.52%** | **Minnesota–0.52%** | **Minnesota–0.52%** | **Minnesota–0.52%** |
| &nbsp;&nbsp;&nbsp; Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); Series 2015, <br> RB<br>| 5.75% | 08/01/2030 | 265 | &nbsp;&nbsp; 224458 |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.25% | 11/01/2028 | 260 | &nbsp;&nbsp; 249051 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 11/01/2033 | 205 | &nbsp;&nbsp; 194192 |
| Maple Grove (City of), MN (Maple Grove Hospital Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2031 | 500 | &nbsp;&nbsp; 506800 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2032 | 1600 | &nbsp;&nbsp; 1619540 |
| Minnesota (State of) Higher Education Facilities Authority (Bethel University); Series 2017, Ref. RB | 5.00% | 05/01/2032 | 1750 | &nbsp;&nbsp; 1730273 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** |
| Minnesota (State of) Housing Finance Agency (Social Bonds); Series 2024 A, RB (CEP - GNMA) | 6.25% | 01/01/2054 | $2900 | &nbsp;&nbsp; $3132122 |
| St. Cloud (City of), MN (CentraCare Health System); Series 2016 A, Ref. RB | 5.00% | 05/01/2046 | 2000 | &nbsp;&nbsp; 1950189 |
| &nbsp;&nbsp;&nbsp; St. Louis Park (City of), MN (Place Via Sol Project); Series 2018, RB (Acquired 12/26/2018; <br> Cost $1,204,623)<sup>(d)(e)(h)(i)</sup> <br>| 6.00% | 07/01/2027 | 1205 | &nbsp;&nbsp; 120462 |
| &nbsp;&nbsp;&nbsp; Woodbury (City of), MN Housing & Redevelopment Authority (St. Therese of Woodbury); Series 2014, <br> RB<br>| 5.00% | 12/01/2029 | 1000 | &nbsp;&nbsp; 1000303 |
|  |  |  |  | &nbsp;&nbsp; 10727390 |
| **Mississippi–0.13%** | **Mississippi–0.13%** | **Mississippi–0.13%** | **Mississippi–0.13%** | **Mississippi–0.13%** |
| Mississippi Business Finance Corp. (System Energy Resources, Inc.); Series 2021, RB | 2.38% | 06/01/2044 | 4390 | &nbsp;&nbsp; 2643291 |
| **Missouri–0.76%** | **Missouri–0.76%** | **Missouri–0.76%** | **Missouri–0.76%** | **Missouri–0.76%** |
| Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 03/01/2036 | 3000 | &nbsp;&nbsp; 3028883 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 03/01/2029 | 100 | &nbsp;&nbsp; 102525 |
| Kansas City (City of), MO; Series 2017 C, Ref. RB | 5.00% | 09/01/2032 | 1850 | &nbsp;&nbsp; 1909422 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District); <br> Series 2011 A, Ref. RB<br>| 5.50% | 09/01/2028 | 2000 | &nbsp;&nbsp; 2007505 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District); Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 4.25% | 04/01/2026 | 10 | &nbsp;&nbsp; 9935 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); Series 2017 A, Ref. RB | 5.25% | 05/15/2032 | 2685 | &nbsp;&nbsp; 2672741 |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 02/01/2032 | 1000 | &nbsp;&nbsp; 1003542 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 02/01/2033 | 1305 | &nbsp;&nbsp; 1308784 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 02/01/2029 | 1100 | &nbsp;&nbsp; 1125350 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State); Series 2015 A, Ref. <br> RB<sup>(d)(f)</sup> <br>| 5.00% | 06/01/2025 | 110 | &nbsp;&nbsp; 110000 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills); <br> Series 2012, RB<br>| 5.00% | 09/01/2032 | 1355 | &nbsp;&nbsp; 1355202 |
| St. Louis Municipal Finance Corp.; Series 2015, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/15/2030 | 1000 | &nbsp;&nbsp; 1001235 |
|  |  |  |  | &nbsp;&nbsp; 15635124 |
| **Nebraska–0.57%** | **Nebraska–0.57%** | **Nebraska–0.57%** | **Nebraska–0.57%** | **Nebraska–0.57%** |
| Central Plains Energy Project (No. 5); Series 2022-1, RB<sup>(d)</sup> <br>| 5.00% | 10/01/2029 | 5000 | &nbsp;&nbsp; 5158519 |
| Omaha (City of), NE Public Power District; Series 2023 A, RB | 5.25% | 02/01/2053 | 6315 | &nbsp;&nbsp; 6520962 |
|  |  |  |  | &nbsp;&nbsp; 11679481 |
| **Nevada–0.60%** | **Nevada–0.60%** | **Nevada–0.60%** | **Nevada–0.60%** | **Nevada–0.60%** |
| Clark (County of), NV (Special Improvement District No. 159); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 08/01/2026 | 115 | &nbsp;&nbsp; 115211 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 08/01/2029 | 1095 | &nbsp;&nbsp; 1096790 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 08/01/2031 | 1210 | &nbsp;&nbsp; 1211819 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 08/01/2032 | 295 | &nbsp;&nbsp; 295389 |
| Clark County School District; Series 2025 A, GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 3.00% | 06/15/2045 | 10000 | &nbsp;&nbsp; 7648835 |
| Las Vegas (City of), NV Special Improvement District No. 815; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 3.25% | 12/01/2025 | 225 | &nbsp;&nbsp; 224064 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 12/01/2030 | 230 | &nbsp;&nbsp; 225164 |
| Reno-Tahoe Airport Authority (Tahoe International Airport); Series 2024, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2041 | 1500 | &nbsp;&nbsp; 1552320 |
|  |  |  |  | &nbsp;&nbsp; 12369592 |
| **New Hampshire–1.11%** | **New Hampshire–1.11%** | **New Hampshire–1.11%** | **New Hampshire–1.11%** | **New Hampshire–1.11%** |
| New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB | 4.13% | 01/20/2034 | 6587 | &nbsp;&nbsp; 6472454 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Covanta Green Bonds); Series 2020 B, Ref. <br> RB<sup>(b)(d)(e)</sup> <br>| 3.75% | 07/02/2040 | 1025 | &nbsp;&nbsp; 837248 |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB<sup>(d)(e)</sup> <br>| 3.63% | 07/02/2040 | 370 | &nbsp;&nbsp; 297550 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (New York State Electric & Gas Corp.); <br> Series 2022 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 12/01/2028 | 2300 | &nbsp;&nbsp; 2304338 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 1929 | &nbsp;&nbsp; 1815544 |
| New Hampshire (State of) Health and Education Facilities Authority; Series 2025, Ref. RB | 5.00% | 08/01/2045 | 2500 | &nbsp;&nbsp; 2519195 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Health and Education Facilities Authority (Green Bonds); Series 2025 A, RB <br> (CEP - GNMA)<br>| 4.50% | 07/01/2045 | 3000 | &nbsp;&nbsp; 2913540 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** |
| New Hampshire (State of) Housing Finance Authority (Social Bonds); Series 2024 A, RB (CEP - GNMA) | 6.25% | 01/01/2055 | $5250 | &nbsp;&nbsp; $5686063 |
|  |  |  |  | &nbsp;&nbsp; 22845932 |
| **New Jersey–5.05%** | **New Jersey–5.05%** | **New Jersey–5.05%** | **New Jersey–5.05%** | **New Jersey–5.05%** |
| Atlantic City (City of), NJ; Series 2017 A, Ref. GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 03/01/2032 | 250 | &nbsp;&nbsp; 256842 |
| Garden State Preservation Trust; Series 2005 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.75% | 11/01/2028 | 5000 | &nbsp;&nbsp; 5247736 |
| New Jersey (State of); Series 2020 A, GO Bonds | 4.00% | 06/01/2032 | 3000 | &nbsp;&nbsp; 3156565 |
| New Jersey (State of) Economic Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 XX, Ref. RB | 5.00% | 06/15/2025 | 2000 | &nbsp;&nbsp; 2001230 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(b)(d)</sup> <br>| 3.75% | 06/01/2028 | 2500 | &nbsp;&nbsp; 2484321 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); Series 2012, <br> RB<sup>(b)</sup> <br>| 5.75% | 09/15/2027 | 11035 | &nbsp;&nbsp; 11042890 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, <br> Inc.); Series 2014 A, RB<sup>(e)</sup> <br>| 6.20% | 10/01/2044 | 200 | &nbsp;&nbsp; 200061 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Newark Downtown District Management <br> Corp.); Series 2019, Ref. RB<br>| 5.13% | 06/15/2037 | 92 | &nbsp;&nbsp; 96304 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC); <br> Series 2017, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/01/2047 | 2500 | &nbsp;&nbsp; 2381970 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - <br> Rowan University Student Housing); Series 2015 A, RB<br>| 5.00% | 01/01/2030 | 250 | &nbsp;&nbsp; 248749 |
| New Jersey (State of) Economic Development Authority (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 QQQ, RB | 4.00% | 06/15/2038 | 1000 | &nbsp;&nbsp; 937385 |
| &nbsp;&nbsp;&nbsp; Series 2021 QQQ, RB | 4.00% | 06/15/2039 | 1000 | &nbsp;&nbsp; 927004 |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(b)</sup> <br>| 5.50% | 01/01/2026 | 690 | &nbsp;&nbsp; 690798 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(b)</sup> <br>| 5.50% | 01/01/2027 | 2130 | &nbsp;&nbsp; 2132694 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2028 | 1000 | &nbsp;&nbsp; 1000899 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB<sup>(b)</sup> <br>| 5.38% | 01/01/2043 | 5740 | &nbsp;&nbsp; 5741511 |
| New Jersey (State of) Economic Development Authority (Transit Transportation); Series 2020, RB | 5.00% | 11/01/2044 | 3000 | &nbsp;&nbsp; 3001475 |
| New Jersey (State of) Educational Facilities Authority (Rider University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 F, RB | 5.00% | 07/01/2032 | 395 | &nbsp;&nbsp; 361778 |
| &nbsp;&nbsp;&nbsp; Series 2017 F, RB | 5.00% | 07/01/2033 | 415 | &nbsp;&nbsp; 375110 |
| &nbsp;&nbsp;&nbsp; Series 2017 F, RB | 5.00% | 07/01/2035 | 1000 | &nbsp;&nbsp; 870138 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (University Hospital); Series 2015 A, <br> RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2046 | 3000 | &nbsp;&nbsp; 2942483 |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds); Series 2024 K, RB | 6.00% | 10/01/2055 | 2220 | &nbsp;&nbsp; 2386000 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB (INS - AMBAC)<sup>(c)(g)</sup> <br>| 0.00% | 12/15/2026 | 2545 | &nbsp;&nbsp; 2418930 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2028 | 255 | &nbsp;&nbsp; 225838 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 12/15/2028 | 5000 | &nbsp;&nbsp; 5316582 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 12/15/2032 | 2000 | &nbsp;&nbsp; 2086510 |
| &nbsp;&nbsp;&nbsp; Series 2020 AA, RB | 4.00% | 06/15/2037 | 2000 | &nbsp;&nbsp; 1926242 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 06/15/2035 | 10245 | &nbsp;&nbsp; 10145374 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 06/15/2036 | 2000 | &nbsp;&nbsp; 1952950 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 06/15/2040 | 3215 | &nbsp;&nbsp; 2978670 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2031 | 2500 | &nbsp;&nbsp; 2562852 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2032 | 4965 | &nbsp;&nbsp; 5075718 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2033 | 5000 | &nbsp;&nbsp; 5104487 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2046 | 5000 | &nbsp;&nbsp; 4937275 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 5.00% | 06/01/2046 | 10785 | &nbsp;&nbsp; 10353908 |
|  |  |  |  | &nbsp;&nbsp; 103569279 |
| **New Mexico–0.13%** | **New Mexico–0.13%** | **New Mexico–0.13%** | **New Mexico–0.13%** | **New Mexico–0.13%** |
| Santa Fe (City of), NM (El Castillo Retirement); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 05/15/2034 | 665 | &nbsp;&nbsp; 674117 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 05/15/2039 | 1960 | &nbsp;&nbsp; 1912408 |
|  |  |  |  | &nbsp;&nbsp; 2586525 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **New York–12.68%** | **New York–12.68%** | **New York–12.68%** | **New York–12.68%** | **New York–12.68%** |
| Brookhaven Local Development Corp. (Jefferson's Ferry); Series 2016, Ref. RB | 5.25% | 11/01/2036 | $1500 | &nbsp;&nbsp; $1518935 |
| &nbsp;&nbsp;&nbsp; Buffalo & Erie County Industrial Land Development Corp. (Medaille College); Series 2018, Ref. RB <br> (Acquired 08/16/2018; Cost $287,084)<sup>(e)(h)(i)</sup> <br>| 5.00% | 10/01/2038 | 284 | &nbsp;&nbsp; 4259 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (Brooklyn Navy Yard); Series 2019, Ref. RB (LOC - Santander Bank <br> N.A.)<sup>(b)(e)(j)</sup> <br>| 5.25% | 12/31/2033 | 4950 | &nbsp;&nbsp; 4916999 |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds); <br> Series 2022, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2032 | 250 | &nbsp;&nbsp; 253831 |
| Build NYC Resource Corp. (Pratt Paper, Inc.); Series 2014, Ref. RB<sup>(b)(e)</sup> <br>| 5.00% | 01/01/2035 | 1500 | &nbsp;&nbsp; 1500391 |
| Build NYC Resource Corp. (Shefa School); Series 2021 A, RB<sup>(e)</sup> <br>| 2.50% | 06/15/2031 | 375 | &nbsp;&nbsp; 334479 |
| Clinton County Capital Resource Corp. (CVES BOCES); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2035 | 1325 | &nbsp;&nbsp; 1400700 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2037 | 1285 | &nbsp;&nbsp; 1341647 |
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB | 5.00% | 06/01/2045 | 1000 | &nbsp;&nbsp; 873897 |
| Metropolitan Transportation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A-2, RB<sup>(d)</sup> <br>| 5.00% | 05/15/2030 | 3000 | &nbsp;&nbsp; 3126043 |
| &nbsp;&nbsp;&nbsp; Subseries 2015 C-1, Ref. RB | 5.00% | 11/15/2031 | 1875 | &nbsp;&nbsp; 1880323 |
| &nbsp;&nbsp;&nbsp; Subseries 2015 C-1, Ref. RB | 5.25% | 11/15/2031 | 2500 | &nbsp;&nbsp; 2510425 |
| Monroe County Industrial Development Corp. (St. Ann's Community); Series 2019, Ref. RB | 4.00% | 01/01/2030 | 1215 | &nbsp;&nbsp; 1168994 |
| MTA Hudson Rail Yards Trust Obligations; Series 2016 A, RB | 5.00% | 11/15/2051 | 160 | &nbsp;&nbsp; 157523 |
| Nassau County Tobacco Settlement Corp.; Series 2006 A-2, RB | 5.25% | 06/01/2026 | 402 | &nbsp;&nbsp; 395642 |
| New Rochelle (City of), NY (Iona College); Series 2015 A, Ref. RB | 5.00% | 07/01/2035 | 350 | &nbsp;&nbsp; 350202 |
| New York & New Jersey (States of) Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Two Hundred Forty Five Series 2024, Ref. RB | 5.00% | 09/01/2043 | 1000 | &nbsp;&nbsp; 1047162 |
| &nbsp;&nbsp;&nbsp; Two Hundred Second Series 2017, Ref. RB<sup>(b)</sup> <br>| 5.00% | 10/15/2035 | 3000 | &nbsp;&nbsp; 3036660 |
| &nbsp;&nbsp;&nbsp; Two Hundred Seventh Series 2018, Ref. RB<sup>(b)</sup> <br>| 5.00% | 09/15/2027 | 9000 | &nbsp;&nbsp; 9322676 |
| &nbsp;&nbsp;&nbsp; Two Hundred Thirty Third Series 2021, Ref. RB<sup>(b)</sup> <br>| 4.00% | 07/15/2036 | 1625 | &nbsp;&nbsp; 1616082 |
| &nbsp;&nbsp;&nbsp; Two Hundred Twenty First Series 2020, RB<sup>(b)</sup> <br>| 4.00% | 07/15/2040 | 1710 | &nbsp;&nbsp; 1590818 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 C, GO Bonds | 4.00% | 08/01/2039 | 5000 | &nbsp;&nbsp; 4754381 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, GO Bonds | 4.00% | 08/01/2040 | 5000 | &nbsp;&nbsp; 4714766 |
| &nbsp;&nbsp;&nbsp; Series 2024 C-1, GO Bonds | 5.25% | 09/01/2046 | 2500 | &nbsp;&nbsp; 2615345 |
| New York (City of), NY Transitional Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 B-1, RB | 4.00% | 08/01/2036 | 5000 | &nbsp;&nbsp; 4970589 |
| &nbsp;&nbsp;&nbsp; Series 2021 E-1, RB | 4.00% | 02/01/2038 | 5390 | &nbsp;&nbsp; 5264829 |
| &nbsp;&nbsp;&nbsp; Series 2021 F-1, Ref. RB | 4.00% | 11/01/2036 | 2825 | &nbsp;&nbsp; 2800105 |
| New York (State of) Dormitory Authority; Series 2022 A, Ref. RB | 4.00% | 03/15/2040 | 10620 | &nbsp;&nbsp; 10073871 |
| New York (State of) Dormitory Authority (Bidding Group 2); Series 2020 A, Ref. RB | 4.00% | 03/15/2036 | 5000 | &nbsp;&nbsp; 4966241 |
| New York (State of) Dormitory Authority (Master Boces Program); Series 2020, RB | 4.00% | 08/15/2041 | 2000 | &nbsp;&nbsp; 1814074 |
| New York (State of) Dormitory Authority (Montefiore Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 08/01/2029 | 1910 | &nbsp;&nbsp; 1961951 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 08/01/2031 | 3195 | &nbsp;&nbsp; 3265280 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 11/01/2042 | 2000 | &nbsp;&nbsp; 2041228 |
| New York (State of) Dormitory Authority (New York University); Series 2021 A, Ref. RB | 3.00% | 07/01/2041 | 5000 | &nbsp;&nbsp; 3994195 |
| New York (State of) Dormitory Authority (Orange Regional Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 12/01/2033 | 2000 | &nbsp;&nbsp; 1972324 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 12/01/2034 | 1000 | &nbsp;&nbsp; 977638 |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2038 | 1230 | &nbsp;&nbsp; 1314435 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 10/01/2039 | 1285 | &nbsp;&nbsp; 1361866 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(c)</sup> <br>| 5.25% | 10/01/2043 | 1600 | &nbsp;&nbsp; 1685082 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(c)</sup> <br>| 5.25% | 10/01/2044 | 1225 | &nbsp;&nbsp; 1282861 |
| New York (State of) Power Authority (Green Bonds); Series 2020 A, Ref. RB | 4.00% | 11/15/2045 | 5000 | &nbsp;&nbsp; 4509608 |
| New York (State of) Thruway Authority (Bidding Group 3); Series 2022, Ref. RB | 4.00% | 03/15/2043 | 10000 | &nbsp;&nbsp; 9125597 |
| New York Counties Tobacco Trust II; Series 2001, RB | 5.75% | 06/01/2043 | 3745 | &nbsp;&nbsp; 3815867 |
| New York Counties Tobacco Trust IV; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB | 5.00% | 06/01/2042 | 5020 | &nbsp;&nbsp; 4293592 |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB<sup>(e)</sup> <br>| 6.25% | 06/01/2041 | 982 | &nbsp;&nbsp; 941809 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| New York Counties Tobacco Trust VI; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.63% | 06/01/2035 | $3025 | &nbsp;&nbsp; $3055017 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.45% | 06/01/2040 | 1505 | &nbsp;&nbsp; 1476702 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2043 | 1865 | &nbsp;&nbsp; 1840527 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, Ref. RB | 5.75% | 06/01/2043 | 3050 | &nbsp;&nbsp; 2953736 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2B, Ref. RB | 5.00% | 06/01/2045 | 3240 | &nbsp;&nbsp; 2831528 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 06/01/2027 | 280 | &nbsp;&nbsp; 283358 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 06/01/2030 | 270 | &nbsp;&nbsp; 272655 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 06/01/2031 | 465 | &nbsp;&nbsp; 469224 |
| New York Liberty Development Corp. (Goldman Sachs Headquarters); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005, Ref. RB | 5.25% | 10/01/2035 | 9100 | &nbsp;&nbsp; 10159218 |
| &nbsp;&nbsp;&nbsp; Series 2007, RB | 5.50% | 10/01/2037 | 7330 | &nbsp;&nbsp; 8283447 |
| New York Liberty Development Corp. (Green Bonds); Series 2021 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 2.75% | 11/15/2041 | 9000 | &nbsp;&nbsp; 6634042 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International <br> Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2026 | 785 | &nbsp;&nbsp; 784993 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2031 | 25500 | &nbsp;&nbsp; 25404752 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(b)</sup> <br>| 5.25% | 08/01/2031 | 1315 | &nbsp;&nbsp; 1343501 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(b)</sup> <br>| 5.38% | 08/01/2036 | 1000 | &nbsp;&nbsp; 1017719 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(b)</sup> <br>| 3.00% | 08/01/2031 | 5000 | &nbsp;&nbsp; 4579711 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D <br> Redevelopment);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2026 | 5000 | &nbsp;&nbsp; 5021674 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2034 | 3090 | &nbsp;&nbsp; 3108798 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 4.00% | 01/01/2036 | 5000 | &nbsp;&nbsp; 4663923 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)</sup> <br>| 5.00% | 01/01/2036 | 4960 | &nbsp;&nbsp; 4959765 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2030 | 3000 | &nbsp;&nbsp; 2939198 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2035 | 2000 | &nbsp;&nbsp; 2013810 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal <br> One) (Green Bonds); Series 2023, RB<sup>(b)</sup> <br>| 5.50% | 06/30/2041 | 1700 | &nbsp;&nbsp; 1759157 |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 07/01/2036 | 2000 | &nbsp;&nbsp; 1946772 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 07/01/2037 | 1750 | &nbsp;&nbsp; 1689115 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 07/01/2041 | 1000 | &nbsp;&nbsp; 907725 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2041 | 200 | &nbsp;&nbsp; 200003 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2046 | 3105 | &nbsp;&nbsp; 3022040 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 04/01/2035 | 6000 | &nbsp;&nbsp; 6517462 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB | 5.00% | 12/01/2033 | 1600 | &nbsp;&nbsp; 1700682 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 5.00% | 12/01/2029 | 3000 | &nbsp;&nbsp; 3144485 |
| Oneida County Local Development Corp. (Utica College); Series 2019, Ref. RB | 5.00% | 07/01/2032 | 500 | &nbsp;&nbsp; 493230 |
| Otsego County Capital Resource Corp. (Hartwick College); Series 2015 A, Ref. RB | 5.00% | 10/01/2030 | 630 | &nbsp;&nbsp; 554184 |
| Rockland Tobacco Asset Securitization Corp.; Series 2001, RB | 5.63% | 08/15/2035 | 245 | &nbsp;&nbsp; 248077 |
| Suffolk (County of), NY Water Authority; Series 2018 A, RB | 4.00% | 06/01/2041 | 1500 | &nbsp;&nbsp; 1435007 |
| Suffolk Regional Off-Track Betting Corp.; Series 2024, RB | 5.00% | 12/01/2034 | 2400 | &nbsp;&nbsp; 2483565 |
| Suffolk Tobacco Asset Securitization Corp.; Series 2021, Ref. RB | 4.00% | 06/01/2050 | 795 | &nbsp;&nbsp; 717891 |
| Triborough Bridge & Tunnel Authority; Series 2022 C, RB | 5.00% | 05/15/2043 | 5200 | &nbsp;&nbsp; 5375371 |
| TSASC, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 06/01/2032 | 2000 | &nbsp;&nbsp; 2025373 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 06/01/2033 | 1500 | &nbsp;&nbsp; 1516455 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 06/01/2034 | 1000 | &nbsp;&nbsp; 1009068 |
| Westchester County Industrial Development Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 6.00% | 06/01/2028 | 5300 | &nbsp;&nbsp; 5291300 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 6.20% | 12/01/2042 | 1250 | &nbsp;&nbsp; 1196907 |
|  |  |  |  | &nbsp;&nbsp; 260196389 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **North Carolina–1.15%** | **North Carolina–1.15%** | **North Carolina–1.15%** | **North Carolina–1.15%** | **North Carolina–1.15%** |
| North Carolina (State of) Department of Transportation (I-77 HOT Lanes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2027 | $1215 | &nbsp;&nbsp; $1216170 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2029 | 1340 | &nbsp;&nbsp; 1341177 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2030 | 1405 | &nbsp;&nbsp; 1406153 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2037 | 905 | &nbsp;&nbsp; 905299 |
| North Carolina (State of) Housing Finance Agency (Social Bonds); Series 2024, RB (CEP - GNMA) | 6.25% | 01/01/2055 | 3985 | &nbsp;&nbsp; 4301831 |
| North Carolina (State of) Medical Care Commission; Series 2025, RB | 4.05% | 01/01/2030 | 810 | &nbsp;&nbsp; 810610 |
| North Carolina (State of) Medical Care Commission (Forest at Duke (The)); Series 2021, RB | 4.00% | 09/01/2041 | 2255 | &nbsp;&nbsp; 1951590 |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/01/2029 | 275 | &nbsp;&nbsp; 272606 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/01/2030 | 285 | &nbsp;&nbsp; 281348 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/01/2031 | 290 | &nbsp;&nbsp; 285090 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/01/2036 | 900 | &nbsp;&nbsp; 846925 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/01/2041 | 1050 | &nbsp;&nbsp; 917586 |
| North Carolina (State of) Medical Care Commission (Rex Healthcare); Series 2020 A, RB | 5.00% | 07/01/2033 | 1250 | &nbsp;&nbsp; 1324588 |
| North Carolina (State of) Medical Care Commission (Vidant Health); Series 2015, Ref. RB | 5.00% | 06/01/2040 | 5000 | &nbsp;&nbsp; 4980944 |
| North Carolina (State of) Turnpike Authority; Series 2019, RB<sup>(g)</sup> <br>| 0.00% | 01/01/2041 | 1540 | &nbsp;&nbsp; 724186 |
| North Carolina (State of) Turnpike Authority (Triangle Expressway System); Series 2019, RB<sup>(g)</sup> <br>| 0.00% | 01/01/2044 | 5000 | &nbsp;&nbsp; 1982867 |
|  |  |  |  | &nbsp;&nbsp; 23548970 |
| **North Dakota–0.47%** | **North Dakota–0.47%** | **North Dakota–0.47%** | **North Dakota–0.47%** | **North Dakota–0.47%** |
| Burleigh (County of), ND (University of Mary); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 4.38% | 04/15/2026 | 130 | &nbsp;&nbsp; 129359 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.10% | 04/15/2036 | 2815 | &nbsp;&nbsp; 2762011 |
| North Dakota (State of) Housing Finance Agency (Social Bonds); Series 2025, RB | 4.50% | 07/01/2037 | 6755 | &nbsp;&nbsp; 6698117 |
|  |  |  |  | &nbsp;&nbsp; 9589487 |
| **Ohio–2.38%** | **Ohio–2.38%** | **Ohio–2.38%** | **Ohio–2.38%** | **Ohio–2.38%** |
| American Municipal Power, Inc. (Combined Hydroelectric); Series 2016 A, Ref. RB | 5.00% | 02/15/2041 | 3750 | &nbsp;&nbsp; 3764450 |
| Buckeye Tobacco Settlement Financing Authority; Series 2020 A-2, Ref. RB | 4.00% | 06/01/2038 | 8310 | &nbsp;&nbsp; 7779858 |
| Centerville (City of), OH (Graceworks Lutheran Services); Series 2017, Ref. RB | 5.25% | 11/01/2037 | 1195 | &nbsp;&nbsp; 1161153 |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2028 | 2860 | &nbsp;&nbsp; 2873119 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2031 | 5750 | &nbsp;&nbsp; 5789632 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2032 | 5480 | &nbsp;&nbsp; 5511563 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2042 | 2415 | &nbsp;&nbsp; 2326744 |
| Dayton (City of), OH (James M. Cox); Series 2014 A, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 12/01/2032 | 5000 | &nbsp;&nbsp; 4993659 |
| Hamilton (County of), OH (Life Enriching Communities); Series 2012, RB | 5.00% | 01/01/2032 | 565 | &nbsp;&nbsp; 565255 |
| Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB | 5.00% | 02/15/2033 | 1240 | &nbsp;&nbsp; 1244427 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.00% | 12/31/2035 | 4000 | &nbsp;&nbsp; 4001105 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Air Quality Development Authority (American Electric Power Co.); Series 2005, Ref. <br> RB<sup>(b)</sup> <br>| 3.75% | 01/01/2029 | 3000 | &nbsp;&nbsp; 2969035 |
| Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.); Series 2014, RB<sup>(b)(d)</sup> <br>| 2.60% | 10/01/2029 | 4000 | &nbsp;&nbsp; 3745292 |
| Ohio (State of) Housing Finance Agency (Haven's Edge Apartments); Series 2025, RB<sup>(e)</sup> <br>| 5.70% | 08/01/2043 | 1800 | &nbsp;&nbsp; 1823211 |
| Southeastern Ohio (State of) Port Authority (Memorial Health Systems); Series 2015, Ref. RB | 5.50% | 12/01/2029 | 350 | &nbsp;&nbsp; 349992 |
|  |  |  |  | &nbsp;&nbsp; 48898495 |
| **Oklahoma–0.91%** | **Oklahoma–0.91%** | **Oklahoma–0.91%** | **Oklahoma–0.91%** | **Oklahoma–0.91%** |
| Edmond Public Works Authority; Series 2017, RB | 5.00% | 07/01/2047 | 4495 | &nbsp;&nbsp; 4512626 |
| Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB | 5.00% | 08/15/2033 | 1000 | &nbsp;&nbsp; 1023193 |
| Tulsa (City of), OK Airports Improvement Trust; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 B, Ref. RB<sup>(b)</sup> <br>| 5.50% | 12/01/2035 | 3250 | &nbsp;&nbsp; 3250622 |
| &nbsp;&nbsp;&nbsp; Series 2001 C, Ref. RB<sup>(b)</sup> <br>| 5.50% | 12/01/2035 | 1650 | &nbsp;&nbsp; 1650316 |
| &nbsp;&nbsp;&nbsp; Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.); Series 2015, Ref. <br> RB<sup>(b)(d)(f)</sup> <br>| 5.00% | 06/01/2025 | 5000 | &nbsp;&nbsp; 5000000 |
| Tulsa Municipal Airport Trust Trustees; Series 2025, Ref. RB<sup>(b)</sup> <br>| 6.25% | 12/01/2035 | 3000 | &nbsp;&nbsp; 3282575 |
|  |  |  |  | &nbsp;&nbsp; 18719332 |
| **Oregon–0.51%** | **Oregon–0.51%** | **Oregon–0.51%** | **Oregon–0.51%** | **Oregon–0.51%** |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa); Series 2020 A, Ref. RB | 5.13% | 11/15/2040 | 500 | &nbsp;&nbsp; 487026 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** | **Oregon–(continued)** |
| Forest Grove (City of), OR (Pacific University); Series 2015 A, Ref. RB | 5.00% | 05/01/2036 | $250 | &nbsp;&nbsp; $249877 |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4); Series 2024 A, GO Bonds<sup>(e)</sup> <br>| 5.15% | 10/01/2026 | 1500 | &nbsp;&nbsp; 1502238 |
| Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2025 | 295 | &nbsp;&nbsp; 295338 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 12/01/2030 | 1305 | &nbsp;&nbsp; 1312183 |
| Oregon (State of) Tri-County Metropolitan Transportation District; Series 2018 A, RB | 4.00% | 09/01/2048 | 5000 | &nbsp;&nbsp; 4472815 |
| &nbsp;&nbsp;&nbsp; Salem-Keizer School District No. 24J; Series 2020 A, GO Bonds (CEP - Oregon School Bond <br> Guaranty)<sup>(g)</sup> <br>| 0.00% | 06/15/2040 | 4415 | &nbsp;&nbsp; 2086878 |
|  |  |  |  | &nbsp;&nbsp; 10406355 |
| **Pennsylvania–3.90%** | **Pennsylvania–3.90%** | **Pennsylvania–3.90%** | **Pennsylvania–3.90%** | **Pennsylvania–3.90%** |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated <br> Group Issue); Series 2018 A, Ref. RB<br>| 5.00% | 04/01/2032 | 2000 | &nbsp;&nbsp; 2066186 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority; Series 2022, Ref. <br> RB<br>| 5.00% | 05/01/2036 | 1500 | &nbsp;&nbsp; 1563575 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); <br> Series 2017, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2042 | 1000 | &nbsp;&nbsp; 964166 |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (Acquired 12/10/2015; Cost $1,000,974)<sup>(i)</sup> <br>| 5.00% | 12/01/2030 | 1000 | &nbsp;&nbsp; 930491 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (Acquired 08/24/2021; Cost $1,408,910)<sup>(i)</sup> <br>| 5.25% | 12/01/2045 | 1400 | &nbsp;&nbsp; 1141966 |
| Coatesville Area School District Building Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2025 | 385 | &nbsp;&nbsp; 385410 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2026 | 335 | &nbsp;&nbsp; 335299 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2027 | 360 | &nbsp;&nbsp; 360388 |
| Coatesville School District; Series 2020 A, GO Bonds (INS - BAM)<sup>(c)(g)</sup> <br>| 0.00% | 10/01/2036 | 1300 | &nbsp;&nbsp; 751890 |
| Commonwealth Financing Authority; Series 2018, RB | 5.00% | 06/01/2033 | 4000 | &nbsp;&nbsp; 4125980 |
| &nbsp;&nbsp;&nbsp; East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student <br> Housing at Millersville University of Pennsylvania); Series 2015, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2025 | 80 | &nbsp;&nbsp; 80100 |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2029 | 1000 | &nbsp;&nbsp; 1001769 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2031 | 1005 | &nbsp;&nbsp; 1006955 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 12/01/2033 | 750 | &nbsp;&nbsp; 745462 |
| Lancaster (County of), PA Hospital Authority (Masonic Villages); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/02/2025 | 710 | &nbsp;&nbsp; 710000 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 06/02/2025 | 1500 | &nbsp;&nbsp; 1500000 |
| Lancaster (County of), PA Hospital Authority (Moravian Manors, Inc.); Series 2019 A, RB | 5.00% | 06/15/2038 | 1110 | &nbsp;&nbsp; 1048139 |
| Luzerne (County of), PA; Series 2015 A, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 11/15/2029 | 500 | &nbsp;&nbsp; 503893 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); <br> Series 2018 A, Ref. RB<br>| 5.00% | 09/01/2034 | 3600 | &nbsp;&nbsp; 3711533 |
| Pennsylvania (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. COP | 5.00% | 07/01/2029 | 300 | &nbsp;&nbsp; 313199 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. COP | 5.00% | 07/01/2030 | 375 | &nbsp;&nbsp; 390733 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. COP | 5.00% | 07/01/2031 | 425 | &nbsp;&nbsp; 441471 |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority; Series 2019, Ref. RB | 3.00% | 04/01/2039 | 2000 | &nbsp;&nbsp; 1648433 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.); <br> Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 12/31/2027 | 5965 | &nbsp;&nbsp; 6031427 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (PPL Energy Supply, <br> LLC);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, Ref. RB<sup>(d)</sup> <br>| 5.25% | 06/01/2027 | 5225 | &nbsp;&nbsp; 5232917 |
| &nbsp;&nbsp;&nbsp; Series 2009, Ref. RB<sup>(d)</sup> <br>| 5.25% | 06/01/2027 | 1860 | &nbsp;&nbsp; 1861196 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior <br> Living); Series 2021, Ref. RB<br>| 4.00% | 07/01/2030 | 1600 | &nbsp;&nbsp; 1599061 |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 10/15/2039 | 1325 | &nbsp;&nbsp; 1219526 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 10/15/2040 | 1200 | &nbsp;&nbsp; 1095702 |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency; Series 2023 A, RB<sup>(b)</sup> <br>| 4.00% | 06/01/2044 | 4105 | &nbsp;&nbsp; 3947230 |
| Pennsylvania (Commonwealth of) Housing Finance Agency; Series 2018-127B, RB | 3.55% | 10/01/2033 | 2200 | &nbsp;&nbsp; 2122781 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2023, RB | 5.38% | 10/01/2046 | 2000 | &nbsp;&nbsp; 2056363 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); <br> Series 2016 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 06/01/2031 | 120 | &nbsp;&nbsp; 121626 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |
| Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A-1, Ref. RB | 5.25% | 12/01/2034 | $250 | &nbsp;&nbsp; $251900 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.00% | 12/01/2041 | 1000 | &nbsp;&nbsp; 1001273 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 4.00% | 12/01/2040 | 1500 | &nbsp;&nbsp; 1425130 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 4.00% | 12/01/2041 | 1750 | &nbsp;&nbsp; 1646982 |
| Philadelphia (City of), PA; Series 2020 A, Ref. RB | 4.00% | 07/01/2039 | 5000 | &nbsp;&nbsp; 4826701 |
| Philadelphia (City of), PA Authority for Industrial Development; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 12/01/2035 | 1000 | &nbsp;&nbsp; 1026459 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 12/01/2037 | 1310 | &nbsp;&nbsp; 1334098 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School); <br> Series 2016 A, RB<br>| 5.00% | 04/01/2036 | 1500 | &nbsp;&nbsp; 1430505 |
| Philadelphia (City of), PA Authority for Industrial Development (La Salle University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2034 | 1000 | &nbsp;&nbsp; 827425 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2036 | 1000 | &nbsp;&nbsp; 786424 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); <br> Series 2017 A, Ref. RB<br>| 5.00% | 09/01/2035 | 3000 | &nbsp;&nbsp; 3035040 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group); Series 2017, Ref. RB<br>| 5.00% | 07/01/2042 | 4355 | &nbsp;&nbsp; 4061007 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University <br> Health System);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2028 | 3480 | &nbsp;&nbsp; 3544822 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2029 | 2295 | &nbsp;&nbsp; 2330317 |
| Philadelphia School District (The); Series 2018 A, GO Bonds | 5.00% | 09/01/2032 | 510 | &nbsp;&nbsp; 531848 |
| Reading School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 03/01/2035 | 30 | &nbsp;&nbsp; 30594 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 03/01/2036 | 25 | &nbsp;&nbsp; 25444 |
| Scranton School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 E, Ref. GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2032 | 110 | &nbsp;&nbsp; 114060 |
| &nbsp;&nbsp;&nbsp; Series 2017 E, Ref. GO Bonds (INS - BAM)<sup>(c)</sup> <br>| 5.00% | 12/01/2033 | 90 | &nbsp;&nbsp; 92987 |
| Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB | 5.00% | 07/01/2028 | 175 | &nbsp;&nbsp; 175229 |
| West Shore Area Authority (Messiah Village); Series 2015 A, Ref. RB | 5.00% | 07/01/2030 | 500 | &nbsp;&nbsp; 500043 |
|  |  |  |  | &nbsp;&nbsp; 80013155 |
| **Puerto Rico–4.07%** | **Puerto Rico–4.07%** | **Puerto Rico–4.07%** | **Puerto Rico–4.07%** | **Puerto Rico–4.07%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 560 | &nbsp;&nbsp; 565402 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 4655 | &nbsp;&nbsp; 4708573 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(g)</sup> <br>| 0.00% | 05/15/2050 | 52200 | &nbsp;&nbsp; 9513648 |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(g)</sup> <br>| 0.00% | 07/01/2033 | 8152 | &nbsp;&nbsp; 5525534 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 | 1443 | &nbsp;&nbsp; 1480764 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 | 6419 | &nbsp;&nbsp; 6728857 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.75% | 07/01/2031 | 8667 | &nbsp;&nbsp; 9279603 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 | 6307 | &nbsp;&nbsp; 6068111 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 | 1175 | &nbsp;&nbsp; 1109839 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 | 1008 | &nbsp;&nbsp; 932006 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 | 2837 | &nbsp;&nbsp; 2432453 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 1 | &nbsp;&nbsp; 641 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(g)</sup> <br>| 0.00% | 11/01/2043 | 7457 | &nbsp;&nbsp; 4483349 |
| &nbsp;&nbsp;&nbsp; Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control <br> Facilities Financing Authority (Hospital Auxilio Mutuo); Series 2021, Ref. RB<br>| 5.00% | 07/01/2031 | 425 | &nbsp;&nbsp; 445593 |
| &nbsp;&nbsp;&nbsp; Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control <br> Facilities Financing Authority (University Plaza); Series 2000 A, RB (Acquired 04/27/2020; <br> Cost $1,134,114) (INS - NATL)<sup>(c)(i)</sup> <br>| 5.00% | 07/01/2033 | 1145 | &nbsp;&nbsp; 1138535 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2029 | $20997 | &nbsp;&nbsp; $17834157 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2031 | 650 | &nbsp;&nbsp; 505076 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2033 | 5000 | &nbsp;&nbsp; 3543896 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2046 | 19850 | &nbsp;&nbsp; 6372531 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 874 | &nbsp;&nbsp; 816154 |
|  |  |  |  | &nbsp;&nbsp; 83484722 |
| **Rhode Island–1.19%** | **Rhode Island–1.19%** | **Rhode Island–1.19%** | **Rhode Island–1.19%** | **Rhode Island–1.19%** |
| Providence (City of), RI Public Building Authority (Various Capital); Series 2011 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.88% | 06/15/2026 | 110 | &nbsp;&nbsp; 110206 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2026 | 1375 | &nbsp;&nbsp; 1376096 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2027 | 900 | &nbsp;&nbsp; 900753 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2028 | 1080 | &nbsp;&nbsp; 1080827 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2035 | 12500 | &nbsp;&nbsp; 12505013 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2040 | 5650 | &nbsp;&nbsp; 5649975 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 5.00% | 06/01/2050 | 2730 | &nbsp;&nbsp; 2710735 |
|  |  |  |  | &nbsp;&nbsp; 24333605 |
| **South Carolina–1.19%** | **South Carolina–1.19%** | **South Carolina–1.19%** | **South Carolina–1.19%** | **South Carolina–1.19%** |
| South Carolina (State of) Housing Finance & Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 6.00% | 01/01/2054 | 2425 | &nbsp;&nbsp; 2625127 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB (CEP - GNMA) | 6.50% | 07/01/2055 | 1000 | &nbsp;&nbsp; 1123018 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB (CEP - GNMA) | 6.50% | 07/01/2055 | 10000 | &nbsp;&nbsp; 11228539 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South <br> of Broad Healthcare); Series 2024, RB<br>| 5.25% | 11/15/2039 | 900 | &nbsp;&nbsp; 925632 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health); <br> Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.00% | 11/01/2032 | 1500 | &nbsp;&nbsp; 1595863 |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); Series 2013, RB | 5.00% | 05/01/2028 | 785 | &nbsp;&nbsp; 774258 |
| South Carolina (State of) Public Service Authority; Series 2016 B, Ref. RB | 5.00% | 12/01/2046 | 6250 | &nbsp;&nbsp; 6233680 |
|  |  |  |  | &nbsp;&nbsp; 24506117 |
| **South Dakota–0.22%** | **South Dakota–0.22%** | **South Dakota–0.22%** | **South Dakota–0.22%** | **South Dakota–0.22%** |
| &nbsp;&nbsp;&nbsp; South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group); <br> Series 2014 B, RB<br>| 5.00% | 11/01/2044 | 30 | &nbsp;&nbsp; 29239 |
| South Dakota (State of) Housing Development Authority; Series 2025 A, Ref. RB (CEP - GNMA) | 6.50% | 11/01/2055 | 4000 | &nbsp;&nbsp; 4499244 |
|  |  |  |  | &nbsp;&nbsp; 4528483 |
| **Tennessee–0.65%** | **Tennessee–0.65%** | **Tennessee–0.65%** | **Tennessee–0.65%** | **Tennessee–0.65%** |
| &nbsp;&nbsp;&nbsp; Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway <br> Development); Series 2018, RB<sup>(e)</sup> <br>| 4.50% | 06/01/2028 | 425 | &nbsp;&nbsp; 427005 |
| New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(g)</sup> <br>| 0.00% | 04/01/2036 | 1200 | &nbsp;&nbsp; 705405 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(g)</sup> <br>| 0.00% | 04/01/2037 | 1375 | &nbsp;&nbsp; 755063 |
| &nbsp;&nbsp;&nbsp; Shelby (County of), TN Health, Educational & Housing Facilities Board (Methodist Le Bonheur <br> Healthcare); Series 2017 A, RB<br>| 5.00% | 05/01/2031 | 1185 | &nbsp;&nbsp; 1210645 |
| &nbsp;&nbsp;&nbsp; Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, <br> Inc.); Series 2014, RB<br>| 5.00% | 12/01/2029 | 650 | &nbsp;&nbsp; 646534 |
| &nbsp;&nbsp;&nbsp; Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); <br> Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2037 | 750 | &nbsp;&nbsp; 650611 |
| Tennergy Corp.; Series 2022 A, RB<sup>(d)</sup> <br>| 5.50% | 12/01/2030 | 8300 | &nbsp;&nbsp; 8703461 |
| Tennessee Energy Acquisition Corp.; Series 2006 C, RB | 5.00% | 02/01/2027 | 150 | &nbsp;&nbsp; 152057 |
|  |  |  |  | &nbsp;&nbsp; 13250781 |
| **Texas–9.92%** | **Texas–9.92%** | **Texas–9.92%** | **Texas–9.92%** | **Texas–9.92%** |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 4.55% | 08/15/2028 | 80 | &nbsp;&nbsp; 79487 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 08/15/2038 | 115 | &nbsp;&nbsp; 109458 |
| Arlington Higher Education Finance Corp. (Universal Academy); Series 2014 A, RB | 6.63% | 03/01/2029 | 825 | &nbsp;&nbsp; 825396 |
| Arlington Higher Education Finance Corp. (Winfree Academy Charter School); Series 2019, Ref. RB | 5.75% | 08/15/2043 | 1000 | &nbsp;&nbsp; 980291 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Austin (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(b)</sup> <br>| 5.00% | 11/15/2032 | $2585 | &nbsp;&nbsp; $2585595 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(b)</sup> <br>| 5.00% | 11/15/2039 | 1885 | &nbsp;&nbsp; 1881086 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(b)</sup> <br>| 5.00% | 11/15/2044 | 1000 | &nbsp;&nbsp; 981653 |
| Austin Convention Enterprises, Inc.; Series 2017, Ref. RB | 5.00% | 01/01/2033 | 1200 | &nbsp;&nbsp; 1203139 |
| Cleburne Independent School District; Series 2016, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2035 | 5550 | &nbsp;&nbsp; 5612132 |
| Clifton Higher Education Finance Corp. (Idea Public Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 08/15/2033 | 535 | &nbsp;&nbsp; 532158 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 08/15/2034 | 555 | &nbsp;&nbsp; 546487 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 08/15/2035 | 410 | &nbsp;&nbsp; 399981 |
| Clifton Higher Education Finance Corp. (International Leadership of Texas); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 4.88% | 08/15/2027 | 500 | &nbsp;&nbsp; 500242 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.13% | 08/15/2030 | 3000 | &nbsp;&nbsp; 3001688 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, RB | 5.75% | 08/15/2033 | 5000 | &nbsp;&nbsp; 5012748 |
| Conroe Independent School District; Series 2024, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2049 | 750 | &nbsp;&nbsp; 669639 |
| Dallas (County of), TX Flood Control District No. 1; Series 2015, Ref. GO Bonds<sup>(e)</sup> <br>| 5.00% | 04/01/2028 | 760 | &nbsp;&nbsp; 758454 |
| Generation Park Management District; Series 2024, GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 09/01/2038 | 1690 | &nbsp;&nbsp; 1645156 |
| Godley Independent School District; Series 2016, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2035 | 2640 | &nbsp;&nbsp; 2629548 |
| Grand Parkway Transportation Corp. (TELA Supported); Series 2018 A, RB | 5.00% | 10/01/2037 | 2000 | &nbsp;&nbsp; 2048697 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.); <br> Series 2013 A, RB<br>| 5.00% | 01/01/2033 | 600 | &nbsp;&nbsp; 600248 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. (YMCA of the Greater Houston Area); <br> Series 2013 A, Ref. RB<br>| 5.00% | 06/01/2028 | 955 | &nbsp;&nbsp; 950788 |
| Harris County Industrial Development Corp. (Energy Transfer L.P.); Series 2023, Ref. RB<sup>(d)</sup> <br>| 4.05% | 06/01/2033 | 4000 | &nbsp;&nbsp; 3914415 |
| Houston (City of), TX; Series 2023 A, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 5.25% | 07/01/2039 | 2000 | &nbsp;&nbsp; 2107376 |
| Houston (City of), TX (United Airlines, Inc.); Series 2021 B-1, RB<sup>(b)</sup> <br>| 4.00% | 07/15/2041 | 15000 | &nbsp;&nbsp; 13006433 |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2027 | 500 | &nbsp;&nbsp; 501755 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(b)</sup> <br>| 4.00% | 07/01/2041 | 3500 | &nbsp;&nbsp; 3035596 |
| Houston (City of), TX Airport System (United Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2035 | 12000 | &nbsp;&nbsp; 12469432 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(b)</sup> <br>| 5.50% | 07/15/2039 | 4000 | &nbsp;&nbsp; 4097689 |
| &nbsp;&nbsp;&nbsp; Houston Higher Education Finance Corp. (KIPP, Inc.); Series 2015, Ref. RB (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 08/15/2029 | 250 | &nbsp;&nbsp; 250740 |
| Judson Independent School District; Series 2024, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/01/2049 | 5600 | &nbsp;&nbsp; 4994009 |
| La Salle (County of), TX; Series 2018, Ref. GO Bonds (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 03/01/2028 | 4110 | &nbsp;&nbsp; 4221477 |
| Lewisville Independent School District; Series 2024, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2041 | 2500 | &nbsp;&nbsp; 2401506 |
| Love Field Airport Modernization Corp.; Series 2021, Ref. RB (INS - AGI)<sup>(b)(c)</sup> <br>| 4.00% | 11/01/2039 | 2935 | &nbsp;&nbsp; 2740306 |
| Midland Independent School District; Series 2024, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2041 | 3500 | &nbsp;&nbsp; 3348283 |
| Mission Economic Development Corp. (Green Bonds); Series 2025, RB<sup>(b)(d)</sup> <br>| 5.00% | 06/01/2030 | 2125 | &nbsp;&nbsp; 2171750 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(b)(e)</sup> <br>| 4.63% | 10/01/2031 | 10000 | &nbsp;&nbsp; 9989074 |
| New Hope Cultural Education Facilities Finance Corp.; Series 2025 A, RB | 5.50% | 10/01/2035 | 4695 | &nbsp;&nbsp; 4674536 |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 4.00% | 07/01/2028 | 2135 | &nbsp;&nbsp; 2102088 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/01/2036 | 2750 | &nbsp;&nbsp; 2723370 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - <br> Texas A&M University); Series 2014 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 04/01/2046 | 140 | &nbsp;&nbsp; 137809 |
| New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(e)</sup> <br>| 4.00% | 08/15/2028 | 540 | &nbsp;&nbsp; 535238 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(e)</sup> <br>| 4.00% | 08/15/2030 | 1405 | &nbsp;&nbsp; 1373802 |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 01/01/2027 | 1090 | &nbsp;&nbsp; 1098502 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 01/01/2029 | 1205 | &nbsp;&nbsp; 1214746 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 01/01/2037 | 8320 | &nbsp;&nbsp; 8284844 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); Series 2016 <br> A, RB<br>| 5.00% | 11/15/2026 | 170 | &nbsp;&nbsp; 166893 |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2029 | 2105 | &nbsp;&nbsp; 2080927 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2030 | 2210 | &nbsp;&nbsp; 2177181 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.25% | 01/01/2029 | $1230 | &nbsp;&nbsp; $1229897 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.50% | 01/01/2035 | 1400 | &nbsp;&nbsp; 1378733 |
| Newark High Education Finance Corp. (A+ Charter Schools, Inc.); Series 2015 A, RB<sup>(e)</sup> <br>| 4.63% | 08/15/2025 | 170 | &nbsp;&nbsp; 170076 |
| North East Texas Regional Mobility Authority; Series 2016, RB | 5.00% | 01/01/2046 | 10000 | &nbsp;&nbsp; 9773395 |
| North Texas Tollway Authority; Series 2017 B, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 4.00% | 01/01/2034 | 750 | &nbsp;&nbsp; 750856 |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(b)(e)</sup> <br>| 2.13% | 01/01/2028 | 575 | &nbsp;&nbsp; 543104 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(b)(e)</sup> <br>| 2.25% | 01/01/2029 | 800 | &nbsp;&nbsp; 741774 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)(e)</sup> <br>| 5.00% | 01/01/2039 | 1000 | &nbsp;&nbsp; 968091 |
| &nbsp;&nbsp;&nbsp; Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC); <br> Series 2016 A, RB<br>| 5.00% | 08/15/2036 | 1960 | &nbsp;&nbsp; 1910540 |
| San Antonio (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2045 | 5000 | &nbsp;&nbsp; 4928357 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2032 | 2380 | &nbsp;&nbsp; 2470477 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 4.00% | 02/01/2041 | 1330 | &nbsp;&nbsp; 1226547 |
| San Antonio Education Facilities Corp. (University of the Incarnate Word); Series 2025, RB | 5.25% | 10/01/2038 | 4705 | &nbsp;&nbsp; 4811211 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); Series 2020, Ref. <br> RB<br>| 4.00% | 11/15/2027 | 830 | &nbsp;&nbsp; 804336 |
| Temple (City of), TX; Series 2018 A, RB<sup>(d)(f)</sup> <br>| 5.00% | 08/01/2025 | 10000 | &nbsp;&nbsp; 10029110 |
| Texas (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds<sup>(b)</sup> <br>| 4.00% | 08/01/2040 | 1865 | &nbsp;&nbsp; 1729827 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds<sup>(b)</sup> <br>| 4.00% | 08/01/2041 | 5000 | &nbsp;&nbsp; 4580981 |
| Texas (State of) Department of Housing & Community Affairs; Series 2023 B, RB (CEP - GNMA) | 4.80% | 07/01/2043 | 2550 | &nbsp;&nbsp; 2501518 |
| Texas (State of) Transportation Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(g)</sup> <br>| 0.00% | 08/01/2034 | 1400 | &nbsp;&nbsp; 954168 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(g)</sup> <br>| 0.00% | 08/01/2035 | 2050 | &nbsp;&nbsp; 1322919 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(g)</sup> <br>| 0.00% | 08/01/2036 | 1500 | &nbsp;&nbsp; 917550 |
| Texas (State of) Water Development Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 4.00% | 10/15/2042 | 5000 | &nbsp;&nbsp; 4557070 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 04/15/2049 | 5000 | &nbsp;&nbsp; 5058033 |
| Texas Municipal Gas Acquisition & Supply Corp. I; Series 2008 D, RB | 6.25% | 12/15/2026 | 4115 | &nbsp;&nbsp; 4215873 |
| Texas Municipal Gas Acquisition & Supply Corp. III; Series 2021, Ref. RB | 5.00% | 12/15/2031 | 3250 | &nbsp;&nbsp; 3412976 |
| Texas Private Activity Bond Surface Transportation Corp.; Series 2023, Ref. RB<sup>(b)</sup> <br>| 5.38% | 06/30/2039 | 3115 | &nbsp;&nbsp; 3204840 |
|  |  |  |  | &nbsp;&nbsp; 203566107 |
| **Utah–1.26%** | **Utah–1.26%** | **Utah–1.26%** | **Utah–1.26%** | **Utah–1.26%** |
| Black Desert Public Infrastructure District; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 3.50% | 03/01/2036 | 2000 | &nbsp;&nbsp; 1776640 |
| Military Installation Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB | 4.00% | 06/01/2036 | 500 | &nbsp;&nbsp; 460705 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB | 4.00% | 06/01/2041 | 1000 | &nbsp;&nbsp; 865639 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-2, RB | 4.00% | 06/01/2036 | 5250 | &nbsp;&nbsp; 4833201 |
| Salt Lake City (City of), UT; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2033 | 3500 | &nbsp;&nbsp; 3587671 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 07/01/2038 | 1000 | &nbsp;&nbsp; 1014157 |
| Utah Housing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 E, RB (CEP - GNMA) | 6.00% | 07/01/2054 | 4915 | &nbsp;&nbsp; 5360920 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB (CEP - GNMA) | 6.50% | 07/01/2055 | 2000 | &nbsp;&nbsp; 2214791 |
| West Jordan (City of), UT Municipal Building Authority; Series 2016, RB | 4.00% | 10/01/2038 | 6020 | &nbsp;&nbsp; 5854104 |
|  |  |  |  | &nbsp;&nbsp; 25967828 |
| **Vermont–0.04%** | **Vermont–0.04%** | **Vermont–0.04%** | **Vermont–0.04%** | **Vermont–0.04%** |
| Burlington (City of), VT; Series 2014 A, Ref. RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2030 | 855 | &nbsp;&nbsp; 855641 |
| **Virgin Islands–0.08%** | **Virgin Islands–0.08%** | **Virgin Islands–0.08%** | **Virgin Islands–0.08%** | **Virgin Islands–0.08%** |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee); Series 2025, Ref. RB | 5.00% | 09/01/2035 | 1600 | &nbsp;&nbsp; 1748376 |
| **Virginia–0.97%** | **Virginia–0.97%** | **Virginia–0.97%** | **Virginia–0.97%** | **Virginia–0.97%** |
| &nbsp;&nbsp;&nbsp; Farmville (Town of), VA Industrial Development Authority (Longwood University Student Housing); <br> Series 2018 A, Ref. RB<br>| 5.00% | 01/01/2038 | 1000 | &nbsp;&nbsp; 992614 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **Virginia–(continued)** | **Virginia–(continued)** | **Virginia–(continued)** | **Virginia–(continued)** | **Virginia–(continued)** |
| &nbsp;&nbsp;&nbsp; Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - <br> Harbor's Edge); Series 2019 A, RB<br>| 5.00% | 01/01/2034 | $750 | &nbsp;&nbsp; $742387 |
| Virginia (Commonwealth of) Housing Development Authority; Series 2013 F, RB | 5.35% | 10/01/2043 | 730 | &nbsp;&nbsp; 730059 |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 01/01/2033 | 2295 | &nbsp;&nbsp; 2395829 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2036 | 4000 | &nbsp;&nbsp; 4100264 |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 06/30/2042 | 2395 | &nbsp;&nbsp; 2409538 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB<sup>(b)</sup> <br>| 5.00% | 12/31/2047 | 1820 | &nbsp;&nbsp; 1826030 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (Pure Salmon Virgina LLC); <br> Series 2022, RB<sup>(b)(d)</sup> <br>| 4.00% | 11/20/2025 | 2000 | &nbsp;&nbsp; 2000478 |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 09/01/2028 | 150 | &nbsp;&nbsp; 153272 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 09/01/2030 | 455 | &nbsp;&nbsp; 463623 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 6.25% | 09/01/2030 | 4000 | &nbsp;&nbsp; 4029734 |
|  |  |  |  | &nbsp;&nbsp; 19843828 |
| **Washington–1.77%** | **Washington–1.77%** | **Washington–1.77%** | **Washington–1.77%** | **Washington–1.77%** |
| Kalispel Tribe of Indians; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2032 | 70 | &nbsp;&nbsp; 71240 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2032 | 100 | &nbsp;&nbsp; 101772 |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB | 5.60% | 03/01/2028 | 10 | &nbsp;&nbsp; 10000 |
| Seattle (Port of), WA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 C, RB<sup>(b)</sup> <br>| 5.00% | 04/01/2040 | 1465 | &nbsp;&nbsp; 1464935 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 04/01/2029 | 5000 | &nbsp;&nbsp; 5253215 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2037 | 3000 | &nbsp;&nbsp; 3112295 |
| Tacoma (City of), WA; Series 2013 A, Ref. RB | 4.00% | 01/01/2042 | 2160 | &nbsp;&nbsp; 1972774 |
| University of Washington; Series 2020 A, RB | 4.00% | 04/01/2045 | 5900 | &nbsp;&nbsp; 5248357 |
| &nbsp;&nbsp;&nbsp; Vancouver (City of), WA Downtown Redevelopment Authority (Conference Center); Series 2013, Ref. <br> RB<br>| 4.50% | 01/01/2044 | 60 | &nbsp;&nbsp; 60015 |
| Washington (State of); Series 2021 A, Ref. GO Bonds | 5.00% | 06/01/2034 | 1000 | &nbsp;&nbsp; 1074848 |
| Washington (State of) Convention Center Public Facilities District; Series 2018, RB | 4.00% | 07/01/2031 | 2365 | &nbsp;&nbsp; 2372287 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Health Care Facilities Authority (Central Washington Health Services <br> Association); Series 2015, Ref. RB<br>| 5.00% | 07/01/2030 | 500 | &nbsp;&nbsp; 500415 |
| Washington (State of) Health Care Facilities Authority (Multicare Health System); Series 2015 A, RB | 5.00% | 08/15/2045 | 1195 | &nbsp;&nbsp; 1158820 |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 10/01/2028 | 120 | &nbsp;&nbsp; 120220 |
| &nbsp;&nbsp;&nbsp; Series 2014 D, Ref. RB | 5.00% | 10/01/2038 | 100 | &nbsp;&nbsp; 100016 |
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/15/2032 | 1500 | &nbsp;&nbsp; 1515393 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/15/2037 | 1360 | &nbsp;&nbsp; 1353472 |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2031 | 1350 | &nbsp;&nbsp; 1355690 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2036 | 1450 | &nbsp;&nbsp; 1446880 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Heron's Key Senior Living); Series 2015 A, <br> RB<sup>(e)(f)</sup> <br>| 6.00% | 07/01/2025 | 115 | &nbsp;&nbsp; 115208 |
| Washington (State of) Housing Finance Commission (The Hearthstone); Series 2018 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2038 | 830 | &nbsp;&nbsp; 667621 |
| Washington (State of) Housing Finance Commission (Transforming Age); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2034 | 745 | &nbsp;&nbsp; 741519 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2039 | 2895 | &nbsp;&nbsp; 2797198 |
| Washington State Housing Finance Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(c)(e)</sup> <br>| 5.00% | 07/01/2040 | 1000 | &nbsp;&nbsp; 1020108 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - BAM)<sup>(c)(e)</sup> <br>| 5.00% | 07/01/2045 | 2750 | &nbsp;&nbsp; 2717395 |
|  |  |  |  | &nbsp;&nbsp; 36351693 |
| **West Virginia–0.34%** | **West Virginia–0.34%** | **West Virginia–0.34%** | **West Virginia–0.34%** | **West Virginia–0.34%** |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District); Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.50% | 06/01/2037 | 5000 | &nbsp;&nbsp; 5042154 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)**<sup>(a)</sup> | **Value** |
| **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(b)(e)(h)</sup> <br>| 6.75% | 02/01/2026 |  | $2000 | &nbsp;&nbsp; $1400000 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)(e)(h)</sup> <br>| 8.75% | 02/01/2036 |  | 640 | &nbsp;&nbsp; 512000 |
|  |  |  |  |  | &nbsp;&nbsp; 6954154 |
| **Wisconsin–2.45%** | **Wisconsin–2.45%** | **Wisconsin–2.45%** | **Wisconsin–2.45%** | **Wisconsin–2.45%** | **Wisconsin–2.45%** |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest <br> Obligated Group); Series 2017, Ref. RB<br>| 5.00% | 08/01/2032 |  | 5100 | &nbsp;&nbsp; 3877525 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group); <br> Series 2016 A, Ref. RB<br>| 4.00% | 11/15/2036 |  | 2000 | &nbsp;&nbsp; 1913343 |
| Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 06/01/2030 |  | 1560 | &nbsp;&nbsp; 1563190 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 06/01/2032 |  | 1720 | &nbsp;&nbsp; 1713705 |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 5.00% | 06/01/2025 |  | 2450 | &nbsp;&nbsp; 2450000 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 5.00% | 06/01/2026 |  | 1000 | &nbsp;&nbsp; 1001172 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 B, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2042 |  | 3500 | &nbsp;&nbsp; 3381848 |
| &nbsp;&nbsp;&nbsp; Series 2012 C, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/01/2042 |  | 1000 | &nbsp;&nbsp; 966242 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.00% | 06/01/2036 |  | 2410 | &nbsp;&nbsp; 2506605 |
| Wisconsin (State of) Public Finance Authority (21st Century Public Academy); Series 2020 A, RB<sup>(e)</sup> <br>| 3.75% | 06/01/2030 |  | 335 | &nbsp;&nbsp; 311686 |
| Wisconsin (State of) Public Finance Authority (ACTS Retirement-Life Community); Series 2020 A, RB | 4.00% | 11/15/2037 |  | 600 | &nbsp;&nbsp; 574650 |
| Wisconsin (State of) Public Finance Authority (Astro Texas Land); Series 2024, RB<sup>(d)(f)</sup> <br>| 5.50% | 06/01/2025 |  | 1420 | &nbsp;&nbsp; 1420000 |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2025 |  | 1650 | &nbsp;&nbsp; 1650000 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 4.63% | 06/01/2036 |  | 160 | &nbsp;&nbsp; 154387 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University); <br> Series 2019 A, RB (INS - AGI)<sup>(c)</sup> <br>| 5.00% | 07/01/2034 |  | 800 | &nbsp;&nbsp; 825307 |
| Wisconsin (State of) Public Finance Authority (CABS); Series 2024, RB<sup>(g)</sup> <br>| 0.00% | 02/01/2031 |  | 4187 | &nbsp;&nbsp; 2782211 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (City of Boynton Beach, Florida Municipal <br> Improvements); Series 2018, RB<br>| 5.00% | 07/01/2035 |  | 2000 | &nbsp;&nbsp; 2068202 |
| Wisconsin (State of) Public Finance Authority (Community School of Davidson); Series 2018, RB | 5.00% | 10/01/2033 |  | 1785 | &nbsp;&nbsp; 1797316 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2039 |  | 490 | &nbsp;&nbsp; 483373 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2039 |  | 485 | &nbsp;&nbsp; 478441 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.); <br> Series 2019 A, RB<br>| 5.50% | 12/01/2038 |  | 1807 | &nbsp;&nbsp; 1605864 |
| Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy); Series 2019 A, RB<sup>(e)</sup> <br>| 4.38% | 06/15/2029 |  | 1110 | &nbsp;&nbsp; 1102609 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 A-1, <br> RB<sup>(e)</sup> <br>| 6.25% | 01/01/2038 |  | 3250 | &nbsp;&nbsp; 1462500 |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter); Series 2024 A, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2041 |  | 2000 | &nbsp;&nbsp; 1969544 |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 A, RB | 5.20% | 12/01/2037 |  | 4000 | &nbsp;&nbsp; 4065719 |
| Wisconsin (State of) Public Finance Authority (Rans-Bridgewater); Series 2024, RB<sup>(e)</sup> <br>| 5.63% | 12/15/2030 |  | 4191 | &nbsp;&nbsp; 4141390 |
| Wisconsin (State of) Public Finance Authority (Southminster); Series 2018, RB<sup>(e)</sup> <br>| 5.00% | 10/01/2043 |  | 500 | &nbsp;&nbsp; 469894 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 3655 | &nbsp;&nbsp; 3578542 |
|  |  |  |  |  | &nbsp;&nbsp; 50315265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,097,410,597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,097,410,597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,097,410,597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,097,410,597) |  | &nbsp;&nbsp; 2053425400 |
|  |  |  | **Shares** | **Shares** |  |
| **Exchange-Traded Funds–0.04%** | **Exchange-Traded Funds–0.04%** | **Exchange-Traded Funds–0.04%** | **Exchange-Traded Funds–0.04%** | **Exchange-Traded Funds–0.04%** | **Exchange-Traded Funds–0.04%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,610)<sup>(k)</sup> <br>|  |  |  | 17000 | &nbsp;&nbsp; 851618 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(l)</sup>–100.11% (Cost $2,098,283,207) | TOTAL INVESTMENTS IN SECURITIES<sup>(l)</sup>–100.11% (Cost $2,098,283,207) | TOTAL INVESTMENTS IN SECURITIES<sup>(l)</sup>–100.11% (Cost $2,098,283,207) | TOTAL INVESTMENTS IN SECURITIES<sup>(l)</sup>–100.11% (Cost $2,098,283,207) |  | &nbsp;&nbsp; 2054277018 |
| OTHER ASSETS LESS LIABILITIES–(0.11)% | OTHER ASSETS LESS LIABILITIES–(0.11)% | OTHER ASSETS LESS LIABILITIES–(0.11)% | OTHER ASSETS LESS LIABILITIES–(0.11)% |  | &nbsp;&nbsp; (2199105)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $2052077913 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| RAC | – Revenue Anticipation Certificates |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SGI | – Syncora Guarantee, Inc. |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

<sup>(a)</sup> Principal amounts are denominated in U.S. dollars unless otherwise noted.

<sup>(b)</sup> Security subject to the alternative minimum tax.

<sup>(c)</sup> Principal and/or interest payments are secured by the bond insurance company listed.

<sup>(d)</sup> Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put.

<sup>(e)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $167,779,026, which represented 8.18% of the Fund's Net Assets. 

<sup>(f)</sup> Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral.

<sup>(g)</sup> Zero coupon bond issued at a discount.

<sup>(h)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2025 was $2,070,666, which represented less than 1% of the Fund's Net Assets. 

<sup>(i)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $3,369,658, which represented less than 1% of the Fund's Net Assets.

<sup>(j)</sup> Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary.

<sup>(k)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended May 31, 2025. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| Invesco Rochester High Yield Municipal ETF | $877166 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(25548) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $851618 | &nbsp;&nbsp; $9702 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(l)</sup> This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Entity** | **Percent** |
| Assured Guaranty Inc. | 5.73<br> %<br>|

---

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Intermediate Term Municipal Income Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*May 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of May 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2053425400 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2053425400 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 851618 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; 2053425400 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2054277018 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3666 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3666 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $851618 | &nbsp;&nbsp;&nbsp;&nbsp; $2053429066 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2054280684 |

---

**Invesco Intermediate Term Municipal Income Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)

- **b. Investment Company Act file number:** 811-07890

- **c. CIK number of Registrant:** 0000909466

- **d. LEI of Registrant:** SW0MHD1146AQ1M76HG37

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

**Item A.2. Information about the Series.**

- **a. Name of Series:** Invesco Intermediate Term Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000027868

- **c. LEI of Series:** 0J3ITMRI0YG0GLX0NL48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2079706367.83

**Total Liabilities:** $32486162.45

**Net Assets:** $2047220205.38

**Delayed Delivery Securities:** $25741758.95

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -4442.30569823 | **1-Year:** -67247.07133076 | **5-Year:** -235233.88588628 | **10-Year:** -470616.55063884 | **30-Year:** -111382.37160142

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -2082.08504572 | **1-Year:** -28982.12714926 | **5-Year:** -79204.85816074 | **10-Year:** -112300.54576089 | **30-Year:** -36333.93147782

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084629 | -1.41%               | -0.65%               | -0.06%               |
| Class ID C000188918 | -1.23%               | -0.65%               | 0.03%                |
| Class ID C000084627 | -1.35%               | -0.68%               | 0.00%                |
| Class ID C000084630 | -1.33%               | -0.56%               | 0.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-422637.96              | $-33411299.93                              |
| Month 2  | $-2395658.70             | $-16254744.39                              |
| Month 3  | $-1564726.72             | $-4545725.26                               |

**Designated Index Information**

- **Index Name:** S&P Muni Bond 2-17 Yr Investment Grade Index

- **Index Identifier:** 100% BM-Securities only

### Schedule of Portfolio Investments

| Name                                                                                                                                                  | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District)                                                        | Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB                                 | CUSIP: 85732GUF5<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121625.76    | 0.01%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Academy for Academic Excellence)                                                              | California (State of) Enterprise Development Authority (Academy for Academic Excellence), Series 2020 A, RB                                            | CUSIP: 13069AAA6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986730.90    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging)                                                                   | North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging), Series 2021, RB                                                   | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    285000 | PA      | $281348.30    | 0.01%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (California Baptist University)                                                     | California (State of) Statewide Communities Development Authority (California Baptist University), Series 2017 A, Ref. RB                              | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1149455.02   | 0.06%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland Independent School District                                                                                                                   | Midland Independent School District, Series 2024, GO Bonds                                                                                             | CUSIP: 5977833B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3348283.05   | 0.16%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority                        | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (Hospital Auxilio Mutuo | CUSIP: 74527EFM5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    425000 | PA      | $445593.50    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Municipal Power Agency (Prairie State)                                                                                     | Kentucky (Commonwealth of) Municipal Power Agency (Prairie State), Series 2016 A, Ref. RB                                                              | CUSIP: 491501EL2<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   5480000 | PA      | $5555685.38   | 0.27%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District (County of Alameda)                                                                                                   | Oakland Unified School District (County of Alameda), Series 2015 A, GO Bonds                                                                           | CUSIP: 672325XM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002084.00   | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                                                             | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2017, RB                                             | CUSIP: 018444AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964165.80    | 0.05%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority                                                                               | Pennsylvania (Commonwealth of) Economic Development Financing Authority, Series 2019, Ref. RB                                                          | CUSIP: 70869PMF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1648432.80   | 0.08%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 A, Ref. RB                                                                                             | CUSIP: 64945JBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1840526.54   | 0.09%             | 2043-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 119)                                                                                   | Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB                                                                   | CUSIP: 49151FZC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104895.12    | 0.01%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                              | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2002, RB                                              | CUSIP: 592247K25<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $2483159.43   | 0.12%             | 2033-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                                                       | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2015, Ref. RB                                                                  | CUSIP: 514045F24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.07%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                                                                    | City of Chicago IL, Series 2024, GO Bonds                                                                                                              | CUSIP: 167486S91<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2534718.64   | 0.12%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                    | Greater Orlando Aviation Authority, Series 2024, RB                                                                                                    | CUSIP: 392275FE8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5204502.00   | 0.25%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital)                                                                                      | Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB                                                               | CUSIP: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3578541.79   | 0.17%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB                       | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013810.00   | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                                                | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                           | CUSIP: 483228DU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $654871.23    | 0.03%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                             | San Antonio (City of), TX, Series 2019 A, Ref. RB                                                                                                      | CUSIP: 796242TR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2470476.89   | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2017 C, GO Bonds                                                                                                           | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2063772.00   | 0.10%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                 | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4708573.00   | 0.23%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                          | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                        | CUSIP: 442349HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12469431.60  | 0.61%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                           | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1663369.63   | 0.08%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burleigh (County of), ND (University of Mary)                                                                                                         | Burleigh (County of), ND (University of Mary), Series 2016, RB                                                                                         | CUSIP: 12139LAB8<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2762011.28   | 0.13%             | 2036-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1 (In the City of Loveland)                                                                                        | Centerra Metropolitan District No. 1 (In the City of Loveland), Series 2017, RB                                                                        | CUSIP: 15200XAE3<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   3283000 | PA      | $3289465.21   | 0.16%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Green Bonds)                                                                                                       | Iowa (State of) Finance Authority (Green Bonds), Series 2024, RB                                                                                       | CUSIP: 4624677W5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4872260.50   | 0.24%             | 2044-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (83rd/Stewart Redevelopment)                                                                                                    | Chicago (City of), IL (83rd/Stewart Redevelopment), Series 2013, COP                                                                                   | CUSIP: 16752QAQ1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    586756 | PA      | $586994.97    | 0.03%             | 2029-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                                    | New York Counties Tobacco Trust IV, Series 2005 A, RB                                                                                                  | CUSIP: 62947YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5020000 | PA      | $4293592.45   | 0.21%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2015 C, GO Bonds                                                                                      | CUSIP: 167505QR0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   8410000 | PA      | $7957066.84   | 0.39%             | 2039-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Dakota (State of) Housing Development Authority                                                                                                 | South Dakota (State of) Housing Development Authority, Series 2025 A, Ref. RB                                                                          | CUSIP: 83756LBS3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4499244.40   | 0.22%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1174863 | PA      | $1109838.68   | 0.05%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (21st Century Public Academy)                                                                           | Wisconsin (State of) Public Finance Authority (21st Century Public Academy), Series 2020 A, RB                                                         | CUSIP: 74446LAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    335000 | PA      | $311686.38    | 0.02%             | 2030-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System)                                  | Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System), Series 2017, Ref. RB             | CUSIP: 717903L30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3544822.31   | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3022039.99   | 0.15%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1376096.01   | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Port Covington)                                                                                                  | Maryland Economic Development Corp. (Port Covington), Series 2020, RB                                                                                  | CUSIP: 57422FAD8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    900000 | PA      | $866008.35    | 0.04%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                                                                                             | University of Connecticut, Series 2016 A, RB                                                                                                           | CUSIP: 914233F71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2973805.59   | 0.15%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.)                                                        | Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.), Series 2019, Ref. RB                                   | CUSIP: 010685LC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2641578.36   | 0.13%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2010 A, RB                                                                                          | CUSIP: 592643BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2688757.00   | 0.13%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200002.90    | 0.01%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                     | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 B, RB                                                   | CUSIP: 04052BGR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990123.00   | 0.10%             | 2048-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                                                         | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                                         | CUSIP: 500364AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $682853.18    | 0.03%             | 2037-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (Idea Public Schools)                                                                                          | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2022 A, RB                                                                        | CUSIP: 187145NW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $546486.91    | 0.03%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community)                                                                    | New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community), Series 2016, Ref. RB                                               | CUSIP: 64542UBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2102087.91   | 0.10%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University)                                                           | Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University), Series 2021, Ref. RB                                      | CUSIP: 57421CCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $421916.36    | 0.02%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul)                                                                      | Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul), Series 2015, RB                                                      | CUSIP: 23409VEJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $224458.05    | 0.01%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                               | Osceola (County of), FL, Series 2020 A-1, Ref. RB                                                                                                      | CUSIP: 688031DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361690.32    | 0.02%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                    | Greater Orlando Aviation Authority, Series 2015 A, RB                                                                                                  | CUSIP: 392274J31<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4126931.74   | 0.20%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Franklin Academy)                                                                                                         | Capital Trust Agency, Inc. (Franklin Academy), Series 2020, RB                                                                                         | CUSIP: 14054DAK3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4860000 | PA      | $4514992.49   | 0.22%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forest Grove (City of), OR (Pacific University)                                                                                                       | Forest Grove (City of), OR (Pacific University), Series 2015 A, Ref. RB                                                                                | CUSIP: 345648DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249876.90    | 0.01%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.)                                               | Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.), Series 2014, RB                               | CUSIP: 82169JAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $646533.81    | 0.03%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                    | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                  | CUSIP: 392274Z66<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3156978.94   | 0.15%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (East Baltimore Research Park)                                                                                                | Baltimore (City of), MD (East Baltimore Research Park), Series 2017, Ref. RB                                                                           | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1275090.14   | 0.06%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2016, GO Bonds                                                                                                             | CUSIP: 452152M57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1057922.42   | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                             | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2015, Ref. RB                                        | CUSIP: 72177MQY6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1360458.73   | 0.07%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                                                       | Miami-Dade (County of), FL Expressway Authority, Series 2013 A, RB                                                                                     | CUSIP: 59334KHP6<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600460.44    | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                                | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1355690.12   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                                  | New Jersey (State of) Economic Development Authority, Series 2020, Ref. RB                                                                             | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2484320.50   | 0.12%             | 2028-06-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                                                                                                   | Los Angeles Unified School District, Series 2020 RYQ, GO Bonds                                                                                         | CUSIP: 544647BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5028627.50   | 0.25%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                                                                                      | Park Creek Metropolitan District, Series 2015 A, Ref. RB                                                                                               | CUSIP: 700387DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250646.85    | 0.01%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center)                                                                        | New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center), Series 2021, Ref. RB                                                   | CUSIP: 64542QCB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $535238.23    | 0.03%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Jordan (City of), UT Municipal Building Authority                                                                                                | West Jordan (City of), UT Municipal Building Authority, Series 2016, RB                                                                                | CUSIP: 953527CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6020000 | PA      | $5854104.45   | 0.29%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                               | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1338019.68   | 0.07%             | 2030-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                                                   | New Hampshire (State of) Business Finance Authority, Series 2020-1A, RB                                                                                | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6586661 | PA      | $6472453.96   | 0.32%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle)                                                                    | Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle), Series 1995, RB                                                    | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1666610.20   | 0.08%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Lenexa (City of), KS (Lakeview Village, Inc.)                                                                                                         | Lenexa (City of), KS (Lakeview Village, Inc.), Series 2018 A, Ref. RB                                                                                  | CUSIP: 526039DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1221613.10   | 0.06%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Housing Finance Authority                                                                                                               | New Hampshire Housing Finance Authority, Series 2025, RB                                                                                               | CUSIP: 64469D6V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2913539.70   | 0.14%             | 2045-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                                                                                             | Kalispel Tribe of Indians, Series 2018 A, RB                                                                                                           | CUSIP: 48340PAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71240.47     | 0.00%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA                                                                                                                                 | Atlanta (City of), GA, Series 2019, RB                                                                                                                 | CUSIP: 04780TDM3<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1471591.81   | 0.07%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2015 A, Ref. RB                                      | CUSIP: 165579EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930490.60    | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                                              | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                         | CUSIP: 717824AQ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4355000 | PA      | $4061007.02   | 0.20%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                                                                                                    | Conroe Independent School District, Series 2024, GO Bonds                                                                                              | CUSIP: 2084183Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $669639.30    | 0.03%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (City of), CA Redevelopment Agency Successor Agency (Redevelopment Areas)                                                                   | Lancaster (City of), CA Redevelopment Agency Successor Agency (Redevelopment Areas), Series 2017, Ref. RB                                              | CUSIP: 513802DY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3264885.02   | 0.16%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    874000 | PA      | $816154.14    | 0.04%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC)                                                                                     | Florida Development Finance Corp. (GFL Solid Waste Southeast LLC), Series 2024, RB                                                                     | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1494105.00   | 0.07%             | 2031-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Astro Texas Land)                                                                                      | Wisconsin (State of) Public Finance Authority (Astro Texas Land)                                                                                       | CUSIP: 74447TAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1420000.00   | 0.07%             | 2028-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center)                                                                        | New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center), Series 2021, Ref. RB                                                   | CUSIP: 64542QCD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1373802.40   | 0.07%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Master Boces Program)                                                                                        | New York (State of) Dormitory Authority (Master Boces Program), Series 2020, RB                                                                        | CUSIP: 64990GF23<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1814074.20   | 0.09%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2024 B, GO Bonds                                                                                                           | CUSIP: 452153KB4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5110451.00   | 0.25%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 B, Ref. RB                                                                                             | CUSIP: 64945JAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $283358.38    | 0.01%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                             | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                             | CUSIP: 59334PKR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5123571.00   | 0.25%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.)                                                                                        | Indiana (State of) Finance Authority (KIPP Indianapolis, Inc.), Series 2020 A, RB                                                                      | CUSIP: 45506EAA1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    191000 | PA      | $185835.02    | 0.01%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Midway International Airport                                                                                                    | Chicago (City of), IL Midway International Airport, Series 2016 A, Ref. RB                                                                             | CUSIP: 167562QE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015522.60   | 0.10%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Ascentria Care Alliance)                                                                  | Massachusetts (Commonwealth of) Development Finance Agency (Ascentria Care Alliance), Series 2021, Ref. RB                                             | CUSIP: 57584YQ36<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1814897.60   | 0.09%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL School District                                                                                                               | Manatee (County of), FL School District, Series 2017, RB                                                                                               | CUSIP: 56185PCK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275387.63   | 0.06%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                                                  | Triborough Bridge & Tunnel Authority, Series 2022 C, RB                                                                                                | CUSIP: 89602HDM6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5375371.04   | 0.26%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton)                                                                              | Columbus (City of) & Franklin (County of), OH Finance Authority (Easton), Series 2020, RB                                                              | CUSIP: 19910VAA8<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2873119.39   | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A-1, RB                                                                                | CUSIP: 709224MX4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001272.90   | 0.05%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                                | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 645918Z63<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    690000 | PA      | $690798.40    | 0.03%             | 2026-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                          | Salt Lake City (City of), UT, Series 2018 A, RB                                                                                                        | CUSIP: 795576HD2<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3587670.80   | 0.18%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Department of Transportation (I-77 HOT Lanes)                                                                               | North Carolina (State of) Department of Transportation (I-77 HOT Lanes), Series 2015, RB                                                               | CUSIP: 65820FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1216169.68   | 0.06%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency                                                                                            | Massachusetts (Commonwealth of) Development Finance Agency, Series 2019 A, Ref. RB                                                                     | CUSIP: 57584YPZ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1559991.06   | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp. (Energy Transfer L.P.)                                                                                     | Harris County Industrial Development Corp. (Energy Transfer L.P.), Series 2023, Ref. RB                                                                | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3914414.80   | 0.19%             | 2033-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                                                       | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                                  | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1826030.02   | 0.09%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities)                                                                 | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2019, RB                                                 | CUSIP: 16080TAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011576.10   | 0.05%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio (State of) Port Authority (Memorial Health Systems)                                                                                 | Southeastern Ohio (State of) Port Authority (Memorial Health Systems), Series 2015, Ref. RB                                                            | CUSIP: 841895AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $349991.60    | 0.02%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                  | Chicago (City of), IL (O'Hare International Airport), Series 2018, RB                                                                                  | CUSIP: 167590FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3571731.75   | 0.17%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, RB                                                                                  | CUSIP: 709225DW3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1646982.40   | 0.08%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Windler Public Improvement Authority                                                                                                                  | Windler Public Improvement Authority, Series 2021 A-1, RB                                                                                              | CUSIP: 973405AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1009441.51   | 0.05%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (U.S. Steel Corp.)                                                                                               | Indiana (State of) Finance Authority (U.S. Steel Corp.), Series 2021 A, Ref. RB                                                                        | CUSIP: 455054BE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000743.90   | 0.05%             | 2026-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2020, Ref. GO Bonds                                                                                             | CUSIP: 92242SBD4<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104560.95    | 0.01%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                                    | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $322654.70    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (University Plaza)     | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (University Plaza), Ser | CUSIP: 74528NAU1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1138535.33   | 0.06%             | 2033-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2017, RB                                                                                              | CUSIP: 167510AD8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027575.50   | 0.05%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida (State of) North Broward Hospital District                                                                                                    | Florida (State of) North Broward Hospital District, Series 2017 B, Ref. RB                                                                             | CUSIP: 657883DH4<br>LEI: 549300HZL14T4Q7UDP41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069649.50   | 0.25%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                                                                                      | County of Lee FL Airport Revenue, Series 2024, RB                                                                                                      | CUSIP: 523470HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1418545.84   | 0.07%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQF5<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3543896.50   | 0.17%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC)        | California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC), Series | CUSIP: 13078RGE4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261670.50   | 0.06%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools)                                                                | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2021, RB                                                | CUSIP: 56681NGS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1101861.38   | 0.05%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                  | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2018 A, Ref. RB                                                           | CUSIP: 64990GGA4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3265280.42   | 0.16%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                               | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2016 A, Ref. RB                                        | CUSIP: 821697Q36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $650610.75    | 0.03%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center)                                                                | Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB                                           | CUSIP: 93978HSL0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515393.45   | 0.07%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta)                                                                                         | New Hampshire (State of) Business Finance Authority (Covanta), Series 2020 A, Ref. RB                                                                  | CUSIP: 63607YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $297549.97    | 0.01%             | 2040-07-02      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools)                                                                  | Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools), Series 2023, RB                                                  | CUSIP: 56678RAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $715801.85    | 0.03%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2021 A, GO Bonds                                                                                                           | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298563.24    | 0.01%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                                   | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $1019408.35   | 0.05%             | 2049-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Natgasoline)                                                                                                      | Mission Economic Development Corp. (Natgasoline), Series 2018, Ref. RB                                                                                 | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9989074.00   | 0.49%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Cape Coral (City of), FL                                                                                                                              | Cape Coral (City of), FL, Series 2017, Ref. RB                                                                                                         | CUSIP: 139372RP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12440000 | PA      | $11464395.49  | 0.56%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Vidant Health)                                                                                     | North Carolina (State of) Medical Care Commission (Vidant Health), Series 2015, Ref. RB                                                                | CUSIP: 65821DSM4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4980944.00   | 0.24%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                               | Broward (County of), FL, Series 2015 A, RB                                                                                                             | CUSIP: 114894WY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4866711.50   | 0.24%             | 2037-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                      | Connecticut (State of) Health & Educational Facilities Authority, Series 2020 G-1, Ref. RB                                                             | CUSIP: 20775DEG3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    600000 | PA      | $606044.76    | 0.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB                                                                      | CUSIP: 6461367Z8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10245000 | PA      | $10145373.52  | 0.50%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Goldman Sachs Headquarters)                                                                                       | New York Liberty Development Corp. (Goldman Sachs Headquarters), Series 2007, RB                                                                       | CUSIP: 531127CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7330000 | PA      | $8283446.82   | 0.40%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jurupa Unified School District                                                                                                                        | Jurupa Unified School District, Series 2017 B, GO Bonds                                                                                                | CUSIP: 482124RJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6085000 | PA      | $5673162.94   | 0.28%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                                  | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2018, RB                                                  | CUSIP: 95648VBD0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    640000 | PA      | $512000.00    | 0.03%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                               | Osceola (County of), FL, Series 2020 A-1, Ref. RB                                                                                                      | CUSIP: 688031DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513833.80    | 0.03%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                                                 | Seattle (Port of), WA, Series 2019, RB                                                                                                                 | CUSIP: 735389G77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5253215.00   | 0.26%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jeffersonville (City of), IN (Vivera Senior Living)                                                                                                   | Jeffersonville (City of), IN (Vivera Senior Living), Series 2020 A, RB                                                                                 | CUSIP: 475666AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $469388.85    | 0.02%             | 2030-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance)                                                                       | Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance), Series 2012, RB                                                       | CUSIP: 97710BW40<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001171.80   | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                       | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7V4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1685081.92   | 0.08%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (Social Bonds)                                                                                     | New Hampshire (State of) Housing Finance Authority (Social Bonds), Series 2024 A, RB                                                                   | CUSIP: 64469D3N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5686062.38   | 0.28%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dallas (County of), TX Flood Control District No. 1                                                                                                   | Dallas (County of), TX Flood Control District No. 1, Series 2015, Ref. GO Bonds                                                                        | CUSIP: 234662DU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $758454.46    | 0.04%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta Green Bonds)                                                                             | New Hampshire (State of) Business Finance Authority (Covanta Green Bonds), Series 2020 B, Ref. RB                                                      | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $837248.19    | 0.04%             | 2040-07-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority                                                                                                   | Arizona (State of) Industrial Development Authority, Series 2019-2A, Revenue Ctfs.                                                                     | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580875 | PA      | $2441902.18   | 0.12%             | 2033-05-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                     | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QP1<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1163034.18   | 0.06%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                                              | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2016, Ref. RB                                         | CUSIP: 60635H2B4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1308783.85   | 0.06%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District)                                                          | Kansas City (City of), MO Industrial Development Authority (Downtown Redevelopment District), Series 2011 A, Ref. RB                                   | CUSIP: 48503SEK1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007505.20   | 0.10%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (International Leadership of Texas)                                                                            | Clifton Higher Education Finance Corp. (International Leadership of Texas), Series 2015 A, RB                                                          | CUSIP: 187145DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001688.40   | 0.15%             | 2030-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4937274.50   | 0.24%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), CO Center Metropolitan District No. 1                                                                                          | Jefferson (County of), CO Center Metropolitan District No. 1, Series 2020 A-2, RB                                                                      | CUSIP: 47248EAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $507018.50    | 0.02%             | 2040-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $745461.68    | 0.04%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2020 B, GO Bonds                                                                                                           | CUSIP: 4521526Z9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2909991.60   | 0.14%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                                                  | Austin (City of), TX, Series 2014, RB                                                                                                                  | CUSIP: 052398ER1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981653.00    | 0.05%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                      | New York & New Jersey (States of) Port Authority, Two Hundred Second Series 2017, Ref. RB                                                              | CUSIP: 73358WK29<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3036659.70   | 0.15%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (New York University)                                                                                         | New York (State of) Dormitory Authority (New York University), Series 2021 A, Ref. RB                                                                  | CUSIP: 65000BDK1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3994195.00   | 0.20%             | 2041-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                        | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                               | CUSIP: 118217CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8310000 | PA      | $7779857.73   | 0.38%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1006955.23   | 0.05%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                                                 | Michigan (State of) Finance Authority, Series 2020 B-1, Ref. RB                                                                                        | CUSIP: 59447TL92<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    545000 | PA      | $539794.92    | 0.03%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                                  | District of Columbia, Series 2025, RB                                                                                                                  | CUSIP: 25483VE75<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3116410.97   | 0.15%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging)                                                                   | North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging), Series 2021, RB                                                   | CUSIP: 65821DYB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    275000 | PA      | $272605.99    | 0.01%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                                                 | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                               | CUSIP: 64542UCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $166892.55    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2016, GO Bonds                                                                                                             | CUSIP: 452152E23<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2199490.43   | 0.11%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                                           | Military Installation Development Authority, Series 2021 A-1, RB                                                                                       | CUSIP: 599772AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $865638.70    | 0.04%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQE8<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    650000 | PA      | $505075.87    | 0.02%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living)                                                  | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Presbyterian Senior Living), Series 2021, Ref. RB                             | CUSIP: 70869PNG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1599060.80   | 0.08%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                                 | New York (City of), NY Transitional Finance Authority, Series 2021 F-1, Ref. RB                                                                        | CUSIP: 64971XZK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2800104.97   | 0.14%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   8667362 | PA      | $9279602.78   | 0.45%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northern California Tobacco Securitization Authority                                                                                                  | Northern California Tobacco Securitization Authority, Series 2021 B-1, Ref. RB                                                                         | CUSIP: 888794BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1063094.72   | 0.05%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)                                                                           | San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement), Series 2011 A, Ref. RB                                                    | CUSIP: 798693CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1688319.45   | 0.08%             | 2026-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                            | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAD4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $954168.04    | 0.05%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds)                                       | California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds), Series 2025 B, Ref. RB                | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3877086.80   | 0.19%             | 2035-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Alcoa, Inc.)                                                                                                       | Iowa (State of) Finance Authority (Alcoa, Inc.), Series 2012, RB                                                                                       | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   6545000 | PA      | $6258494.59   | 0.31%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                                  | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB                                                | CUSIP: 544445EQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3565000 | PA      | $3648305.14   | 0.18%             | 2038-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) High Performance Transportation Enterprise                                                                                        | Colorado (State of) High Performance Transportation Enterprise, Series 2014, RB                                                                        | CUSIP: 19648DAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110540.46   | 0.05%             | 2044-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                     | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2177181.28   | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority                                                                           | Allentown (City of), PA Neighborhood Improvement Zone Development Authority, Series 2022, Ref. RB                                                      | CUSIP: 018444BY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1563575.10   | 0.08%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)                                        | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2002, RB                        | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2236799.41   | 0.11%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                           | TSASC, Inc., Series 2017 A, Ref. RB                                                                                                                    | CUSIP: 898526FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025373.20   | 0.10%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania) | East Hempfield (Township of), PA Industrial Development Authority (Student Services, Inc. Student Housing at Millersville University of Pennsylvania), | CUSIP: 273007BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80099.53     | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                                     | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                                | CUSIP: 64542UEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2080927.22   | 0.10%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stephenson County School District No. 145 Freeport                                                                                                    | Stephenson County School District No. 145 Freeport, Series 2018 A, GO Bonds                                                                            | CUSIP: 858892NU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42122.98     | 0.00%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                                                         | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                                         | CUSIP: 500364AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $97674.36     | 0.00%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                             | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2766950.15   | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Harbor Regional Center)                                                                            | California (State of) Municipal Finance Authority (Harbor Regional Center), Series 2015, Ref. RB                                                       | CUSIP: 13048TYA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004869.60   | 0.05%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Multicare Health System)                                                                      | Washington (State of) Health Care Facilities Authority (Multicare Health System), Series 2015 A, RB                                                    | CUSIP: 93978HNH4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1158820.30   | 0.06%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                             | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB                        | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25500000 | PA      | $25404752.40  | 1.24%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Public Financing Authority                                                                                                              | Lake Elsinore Public Financing Authority, Series 2015, Ref. RB                                                                                         | CUSIP: 509632MW2<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2120883.08   | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Department of Transportation (I-77 HOT Lanes)                                                                               | North Carolina (State of) Department of Transportation (I-77 HOT Lanes), Series 2015, RB                                                               | CUSIP: 65820FAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1341176.52   | 0.07%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 159)                                                                                          | Clark (County of), NV (Special Improvement District No. 159), Series 2015, RB                                                                          | CUSIP: 181003MV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1211818.87   | 0.06%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burleigh (County of), ND (University of Mary)                                                                                                         | Burleigh (County of), ND (University of Mary), Series 2016, RB                                                                                         | CUSIP: 12139LAA0<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |    130000 | PA      | $129358.78    | 0.01%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQD0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  20997000 | PA      | $17834156.80  | 0.87%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                                                                                           | Metropolitan Washington Airports Authority Aviation Revenue, Series 2024, RB                                                                           | CUSIP: 592647MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5370085.00   | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                                                 | Illinois (State of) Sports Facilities Authority (The), Series 2019, Ref. RB                                                                            | CUSIP: 452143FQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051941.20   | 0.05%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Floyd (County of), GA Development Authority (The Spires at Berry College)                                                                             | Floyd (County of), GA Development Authority (The Spires at Berry College), Series 2018 A, RB                                                           | CUSIP: 343572AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499839.50   | 0.07%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority (Jetblue Airways Corp.)                                                                                            | Greater Orlando Aviation Authority (Jetblue Airways Corp.), Series 2013, Ref. RB                                                                       | CUSIP: 392274F76<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500202.65   | 0.17%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans)                                                                         | Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans), Series 2017, Ref. RB                                                    | CUSIP: 5463987F9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $425000.00    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                 | Houston (City of), TX, Series 2023 A, Ref. RB                                                                                                          | CUSIP: 442349GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2107375.60   | 0.10%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2018 A, Ref. GO Bonds                                                                                 | CUSIP: 167505UC8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    800000 | PA      | $824594.56    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2023 B, GO Bonds                                                                                                           | CUSIP: 452153FF1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4194083.20   | 0.20%             | 2039-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                                                   | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 D, Ref. RB                                                            | CUSIP: 04052BCQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $631893.15    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tacoma (City of), WA                                                                                                                                  | Tacoma (City of), WA, Series 2013 A, Ref. RB                                                                                                           | CUSIP: 873519MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $1972773.58   | 0.10%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                                                                                           | New Hampshire Health and Education Facilities Authority Act, Series 2025, RB                                                                           | CUSIP: 64461XMD4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519195.25   | 0.12%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.)                                                        | Alachua (County of), FL Health Facilities Authority (Shands Teaching Hospital & Clinics, Inc.), Series 2014 A, RB                                      | CUSIP: 010685KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6870000 | PA      | $6775262.70   | 0.33%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                                  | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 D, Ref. RB                                           | CUSIP: 544445GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3150817.50   | 0.15%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority (Messiah Village)                                                                                                           | West Shore Area Authority (Messiah Village), Series 2015 A, Ref. RB                                                                                    | CUSIP: 95581QAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500043.00    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                       | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7W2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1282861.41   | 0.06%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Shefa School)                                                                                                               | Build NYC Resource Corp. (Shefa School), Series 2021 A, RB                                                                                             | CUSIP: 12008ERV0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    375000 | PA      | $334479.23    | 0.02%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                                                       | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB                                                                                     | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    925000 | PA      | $924962.82    | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                        | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4605000 | PA      | $4439027.51   | 0.22%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946771.60   | 0.10%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside (City of), CA (Riverwalk Assessment District)                                                                                               | Riverside (City of), CA (Riverwalk Assessment District), Series 2011, Ref. RB                                                                          | CUSIP: 769003MN1<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401974.68    | 0.02%             | 2026-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Christian Care Tuscon, Inc.)                                                             | Pima (County of), AZ Industrial Development Authority (The) (Christian Care Tuscon, Inc.), Series 2017 A, Ref. RB                                      | CUSIP: 721901KF2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1581426.72   | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Housing Finance Agency (Social Bonds)                                                                                       | North Carolina (State of) Housing Finance Agency (Social Bonds), Series 2024, RB                                                                       | CUSIP: 6582076L4<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   3985000 | PA      | $4301831.41   | 0.21%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Social Bonds)                                                                                   | New Jersey (State of) Economic Development Authority (Social Bonds), Series 2021 QQQ, RB                                                               | CUSIP: 64577XCQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927004.30    | 0.05%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $5075717.51   | 0.25%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2018 C, Ref. GO Bonds                                                                                 | CUSIP: 167505VS2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003046.70   | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans)                                                                         | Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans), Series 2017, Ref. RB                                                    | CUSIP: 5463987D4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    250000 | PA      | $212500.00    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 A-2B, Ref. RB                                                                                          | CUSIP: 64945JAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $2831528.02   | 0.14%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                                        | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                      | CUSIP: 555542NC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1565409.38   | 0.08%             | 2037-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.)                                                                        | Ohio (State of) Air Quality Development Authority (Ohio Valley Electric Corp.), Series 2014, RB                                                        | CUSIP: 677525WH6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3745292.40   | 0.18%             | 2029-10-01      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (DePaul College Prep Foundation)                                                                                | Illinois (State of) Finance Authority (DePaul College Prep Foundation), Series 2023, Ref. RB                                                           | CUSIP: 45204FUB9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1294082.16   | 0.06%             | 2033-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                        | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1254945.38   | 0.06%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority (Bidding Group 3)                                                                                               | New York (State of) Thruway Authority (Bidding Group 3), Series 2022, Ref. RB                                                                          | CUSIP: 650028YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9125597.00   | 0.45%             | 2043-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Louis Municipal Finance Corp.                                                                                                                     | St. Louis Municipal Finance Corp., Series 2015, Ref. RB                                                                                                | CUSIP: 79165TQW4<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001235.10   | 0.05%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Benedictine University)                                                                                        | Illinois (State of) Finance Authority (Benedictine University), Series 2021, Ref. RB                                                                   | CUSIP: 45204FGL3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1216427.94   | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Park Place of Elmhurst)                                                                                        | Illinois (State of) Finance Authority (Park Place of Elmhurst), Series 2016, RB                                                                        | CUSIP: 45204FHC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1028289 | PA      | $738777.11    | 0.04%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Oneida County Local Development Corp. (Utica College)                                                                                                 | Oneida County Local Development Corp. (Utica College), Series 2019, Ref. RB                                                                            | CUSIP: 682440CG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493229.50    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                  | San Diego (County of), CA Regional Airport Authority, Series 2017 B, Ref. RB                                                                           | CUSIP: 79739GGN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $470006.28    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Providence (City of), RI Public Building Authority (Various Capital)                                                                                  | Providence (City of), RI Public Building Authority (Various Capital), Series 2011 A, RB                                                                | CUSIP: 74381MAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110206.27    | 0.01%             | 2026-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   6419102 | PA      | $6728857.05   | 0.33%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (International Leadership of Texas)                                                                            | Clifton Higher Education Finance Corp. (International Leadership of Texas), Series 2018 D, RB                                                          | CUSIP: 187145JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5012748.00   | 0.24%             | 2033-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Department of Transportation (I-77 HOT Lanes)                                                                               | North Carolina (State of) Department of Transportation (I-77 HOT Lanes), Series 2015, RB                                                               | CUSIP: 65820FAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1406153.51   | 0.07%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Industrial Development Agency                                                                                                      | Westchester County Industrial Development Agency, Series 2025, RB                                                                                      | CUSIP: 95737QAL6<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5291299.52   | 0.26%             | 2028-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of)                                                                                                                                | Connecticut (State of), Series 2019 A, GO Bonds                                                                                                        | CUSIP: 20772KGC7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4381373.71   | 0.21%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.)                                                            | Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB                                     | CUSIP: 49126KKA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1454501.51   | 0.07%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                                      | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001823.40   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences)                                                                              | Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences), Series 2018 B, RB                                                            | CUSIP: 140542BN0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    500000 | PA      | $8750.00      | 0.00%             | 2038-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| South Carolina (State of) Housing Finance & Development Authority                                                                                     | South Carolina (State of) Housing Finance & Development Authority, Series 2025 A, RB                                                                   | CUSIP: 83712D7Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123018.50   | 0.05%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy), Series 2019 A, RB                                                          | CUSIP: 74442EEA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1102609.18   | 0.05%             | 2029-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Alabama (State of) Port Authority                                                                                                                     | Alabama (State of) Port Authority, Series 2017 A, Ref. RB                                                                                              | CUSIP: 010604CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549855.05   | 0.17%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No. 1                                                                                                                  | Baseline Metropolitan District No. 1, Series 2024 A, Ref. GO Bonds                                                                                     | CUSIP: 069826AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2252275.50   | 0.11%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNC Metropolitan District No. 1                                                                                                                       | BNC Metropolitan District No. 1, Series 2017 A, Ref. GO Bonds                                                                                          | CUSIP: 05567BAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $372981.74    | 0.02%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 B, Ref. RB                                                                                             | CUSIP: 64945JAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $469224.06    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) School Building Authority                                                                                             | Massachusetts (Commonwealth of) School Building Authority, Series 2018 B, RB                                                                           | CUSIP: 576000WH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1581429.96   | 0.08%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 3)                                                                                            | Southeast Energy Authority, A Cooperative District (No. 3), Series 2022 A-1, RB                                                                        | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110461.60   | 0.10%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                                                       | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2012, RB                                       | CUSIP: 791524BP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1355201.49   | 0.07%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marion IL Sales Tax Revenue                                                                                                                   | City of Marion IL Sales Tax Revenue, Series 2025, RB                                                                                                   | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986688.90    | 0.05%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                             | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2021, Ref. RB                        | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4579711.00   | 0.22%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Collier (County of), FL Industrial Development Authority (The Arlington of Naples)                                                                    | Collier (County of), FL Industrial Development Authority (The Arlington of Naples), Series 2014 A, RB                                                  | CUSIP: 194638AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    906018 | PA      | $90.60        | 0.00%             | 2026-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Mississippi Business Finance Corp. (System Energy Resources, Inc.)                                                                                    | Mississippi Business Finance Corp. (System Energy Resources, Inc.), Series 2021, RB                                                                    | CUSIP: 605279MK1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $2643291.44   | 0.13%             | 2044-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Phoenix-Mesa Gateway Airport Authority (Mesa)                                                                                                         | Phoenix-Mesa Gateway Airport Authority (Mesa), Series 2012, RB                                                                                         | CUSIP: 71910EAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144699.50    | 0.01%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne (County of), PA                                                                                                                               | Luzerne (County of), PA, Series 2015 A, Ref. GO Bonds                                                                                                  | CUSIP: 550697VF0<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503893.00    | 0.02%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Green Bonds)                                                                                                      | New York Liberty Development Corp. (Green Bonds), Series 2021 A, Ref. RB                                                                               | CUSIP: 649519ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $6634042.20   | 0.32%             | 2041-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                                      | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000774.60   | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                                | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2024 K, RB                                                              | CUSIP: 64613AJP8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2386000.28   | 0.12%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Coatesville Area School District Building Authority                                                                                                   | Coatesville Area School District Building Authority, Series 2018, RB                                                                                   | CUSIP: 190693AG6<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    385000 | PA      | $385409.60    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Brooklyn Navy Yard)                                                                                                         | Build NYC Resource Corp. (Brooklyn Navy Yard), Series 2019, Ref. RB                                                                                    | CUSIP: 12008EPN0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   4950000 | PA      | $4916999.34   | 0.24%             | 2033-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                                                     | State of Illinois, Series 2024, GO Bonds                                                                                                               | CUSIP: 452153KW8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2385903.15   | 0.12%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services)                                                             | Chester (County of), PA Health & Education Facilities Authority (Simpson Senior Services), Series 2015 A, Ref. RB                                      | CUSIP: 165579EW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1141965.86   | 0.06%             | 2045-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp.                                                                                                            | Suffolk Tobacco Asset Securitization Corp., Series 2021, Ref. RB                                                                                       | CUSIP: 864809CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $717891.04    | 0.04%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) (Rebuild Illinois Program)                                                                                                        | Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds                                                                                | CUSIP: 4521525Q0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4330458.32   | 0.21%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB                                                                           | CUSIP: 646136EP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2418929.86   | 0.12%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Masonic Villages)                                                                                       | Lancaster (County of), PA Hospital Authority (Masonic Villages), Series 2015, Ref. RB                                                                  | CUSIP: 514045F40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $710000.00    | 0.03%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                                                                                          | South Carolina State Housing Finance & Development Authority, Series 2025, RB                                                                          | CUSIP: 83712D8U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11228539.00  | 0.55%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                                            | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                       | CUSIP: 14054TAG7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2397182.28   | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 5)                                                                                                                 | Central Plains Energy Project (No. 5), Series 2022-1, RB                                                                                               | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5158519.00   | 0.25%             | 2029-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                                                   | Lee (County of), FL, Series 2021 B, RB                                                                                                                 | CUSIP: 523470HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5183027.50   | 0.25%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 159)                                                                                          | Clark (County of), NV (Special Improvement District No. 159), Series 2015, RB                                                                          | CUSIP: 181003MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295389.31    | 0.01%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District                                                                                                                              | Scranton School District, Series 2017 E, Ref. GO Bonds                                                                                                 | CUSIP: 810827XF7<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |     90000 | PA      | $92986.61     | 0.00%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging)                                                                   | North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging), Series 2021, RB                                                   | CUSIP: 65821DYD7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    290000 | PA      | $285089.84    | 0.01%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                                                       | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                                  | CUSIP: 928104QG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2409537.41   | 0.12%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maple Grove (City of), MN (Maple Grove Hospital Corp.)                                                                                                | Maple Grove (City of), MN (Maple Grove Hospital Corp.), Series 2017, Ref. RB                                                                           | CUSIP: 56516TBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506800.30    | 0.02%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                         | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655N4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5480000 | PA      | $5511563.16   | 0.27%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.)                                                       | Pennsylvania (Commonwealth of) Economic Development Financing Authority (PA Bridges Finco L.P.), Series 2015, RB                                       | CUSIP: 70869PJU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5965000 | PA      | $6031426.84   | 0.29%             | 2027-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), Series 2018 A, Ref. COP                                                                                                | CUSIP: 709144NN5<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313199.43    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                             | San Antonio (City of), TX, Series 2015, RB                                                                                                             | CUSIP: 796242TC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4928356.50   | 0.24%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (GreatHearts Arizona)                                                                       | Maricopa (County of), AZ Industrial Development Authority (GreatHearts Arizona), Series 2017 C, RB                                                     | CUSIP: 56681NCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $318310.78    | 0.02%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB                                                                          | CUSIP: 6461367A3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1926241.60   | 0.09%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                                                  | District of Columbia, Series 2025, RB                                                                                                                  | CUSIP: 25483VE67<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2979402.72   | 0.15%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                                                                                       | Garden State Preservation Trust, Series 2005 A, RB                                                                                                     | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5247736.00   | 0.26%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (American Electric Power Co.)                                                                       | Ohio (State of) Air Quality Development Authority (American Electric Power Co.), Series 2005, Ref. RB                                                  | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2969034.60   | 0.15%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter)                                                                                     | Wisconsin (State of) Public Finance Authority (Miami Worldcenter), Series 2024 A, RB                                                                   | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969543.80   | 0.10%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                                          | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018 A, Ref. RB                                   | CUSIP: 613603YR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3711533.40   | 0.18%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                                | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 645918Z71<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2132693.60   | 0.10%             | 2027-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                 | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $565402.04    | 0.03%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                                        | Tulsa (City of), OK Airports Improvement Trust, Series 2001 C, Ref. RB                                                                                 | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650315.65   | 0.08%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                         | Wisconsin (State of) Public Finance Authority, Series 2012 C, Ref. RB                                                                                  | CUSIP: 74443CAF0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966242.30    | 0.05%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority                                                                                           | California (State of) Health Facilities Financing Authority, Series 2024 A, RB                                                                         | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1853885.37   | 0.09%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   6307049 | PA      | $6068110.86   | 0.30%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Centerville (City of), OH (Graceworks Lutheran Services)                                                                                              | Centerville (City of), OH (Graceworks Lutheran Services), Series 2017, Ref. RB                                                                         | CUSIP: 152241AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1161152.70   | 0.06%             | 2037-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Bidding Group 2)                                                                                             | New York (State of) Dormitory Authority (Bidding Group 2), Series 2020 A, Ref. RB                                                                      | CUSIP: 64990FYD0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4966240.50   | 0.24%             | 2036-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 B, Ref. RB                                 | CUSIP: 64763KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208721.02    | 0.01%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 A, Ref. RB                                                                                             | CUSIP: 64945JBB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1476701.64   | 0.07%             | 2040-06-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority                                                                                                          | North Carolina (State of) Turnpike Authority, Series 2019, RB                                                                                          | CUSIP: 65830VAJ9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $724185.92    | 0.04%             | 2041-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                                                   | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                                   | CUSIP: 67759YAN7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001105.20   | 0.20%             | 2035-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (City of Boynton Beach, Florida Municipal Improvements)                                                 | Wisconsin (State of) Public Finance Authority (City of Boynton Beach, Florida Municipal Improvements), Series 2018, RB                                 | CUSIP: 74446AAX2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068201.60   | 0.10%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                                 | New York (City of), NY Transitional Finance Authority, Series 2021 B-1, RB                                                                             | CUSIP: 64971XF52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4970589.00   | 0.24%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority (Social Bonds)                                                                                      | Michigan (State of) Housing Development Authority (Social Bonds), Series 2024 D, RB                                                                    | CUSIP: 594654ZT5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3000948.23   | 0.15%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Judson Independent School District                                                                                                                    | Judson Independent School District, Series 2024, GO Bonds                                                                                              | CUSIP: 481305MQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4994008.88   | 0.24%             | 2049-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy)                                                                                    | Arlington Higher Education Finance Corp. (UME Preparatory Academy), Series 2017 A, RB                                                                  | CUSIP: 041806PR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79487.34     | 0.00%             | 2028-08-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                       | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2024, RB                                                                       | CUSIP: 73360CAP9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968091.20    | 0.05%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                                                   | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                                                    | CUSIP: 091081DL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                     | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QQ9<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1217432.39   | 0.06%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Transforming Age)                                                                                   | Washington (State of) Housing Finance Commission (Transforming Age), Series 2019 A, RB                                                                 | CUSIP: 939783YY6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2797197.64   | 0.14%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                         | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, Ref. RB                                  | CUSIP: 79766DNK1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033775.60   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association)                                               | Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association), Series 2015, Ref. RB                          | CUSIP: 93978HPX7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500415.40    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                       | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7R3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1361866.26   | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.)                                                                          | Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.), Series 2013, Ref. RB                                                     | CUSIP: 455054BK1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5315000 | PA      | $5323990.32   | 0.26%             | 2028-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                                                 | Seattle (Port of), WA, Series 2015 C, RB                                                                                                               | CUSIP: 735389WQ7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1464934.66   | 0.07%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                      | New York & New Jersey (States of) Port Authority, Two Hundred Twenty First Series 2020, RB                                                             | CUSIP: 73358W5R1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1590817.62   | 0.08%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                         | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655M6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5789632.45   | 0.28%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                                                       | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                                       | CUSIP: 65000B7Q5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1314435.20   | 0.06%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burlington (City of), VT                                                                                                                              | Burlington (City of), VT, Series 2014 A, Ref. RB                                                                                                       | CUSIP: 122064DE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $855640.99    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                         | Denver (City & County of), CO, Series 2018 A-2, RB                                                                                                     | CUSIP: 24917DBM4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    800000 | PA      | $654222.16    | 0.03%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community)                                                     | Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community), Series 2017, Ref. RB                                | CUSIP: 97712DG75<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1713704.80   | 0.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                                                                                                    | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021, Ref. RB                                                                               | CUSIP: 88256HBG2<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3412975.80   | 0.17%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Evan's Place Metropolitan District                                                                                                                    | Evan's Place Metropolitan District, Series 2020 A, GO Bonds                                                                                            | CUSIP: 299192AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $967983.03    | 0.05%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 B, Ref. RB                                 | CUSIP: 64763KAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $368656.79    | 0.02%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District                                                                                                                              | Scranton School District, Series 2017 E, Ref. GO Bonds                                                                                                 | CUSIP: 810827XE0<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114060.01    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC)                                                                  | Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2022, Ref. RB                                             | CUSIP: 928104PC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2395829.22   | 0.12%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare)                                | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB                | CUSIP: 83704HAK3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    900000 | PA      | $925631.55    | 0.05%             | 2039-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                       | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2021, RB                                                                       | CUSIP: 73360CAH7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $741773.76    | 0.04%             | 2029-01-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Department of Housing & Community Affairs                                                                                            | Texas (State of) Department of Housing & Community Affairs, Series 2023 B, RB                                                                          | CUSIP: 882750UY6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2501517.62   | 0.12%             | 2043-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                                          | Iowa (State of) Tobacco Settlement Authority, Series 2021 B-1, Ref. RB                                                                                 | CUSIP: 888805CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450000.00    | 0.02%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Transforming Age)                                                                                   | Washington (State of) Housing Finance Commission (Transforming Age), Series 2019 A, RB                                                                 | CUSIP: 939783YX8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    745000 | PA      | $741519.06    | 0.04%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University                                                                                                                           | Northern Arizona University, Series 2015, Ref. RB                                                                                                      | CUSIP: 6647543L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.01%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Housing Finance & Development Authority                                                                                     | South Carolina (State of) Housing Finance & Development Authority, Series 2023 B, RB                                                                   | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2625126.76   | 0.13%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Godley Independent School District                                                                                                                    | Godley Independent School District, Series 2016, GO Bonds                                                                                              | CUSIP: 380334KH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2629548.24   | 0.13%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of)                                                                                                                                      | Texas (State of), Series 2023 A, GO Bonds                                                                                                              | CUSIP: 882724H34<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4580980.50   | 0.22%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                                                                                      | County of Lee FL Airport Revenue, Series 2024, RB                                                                                                      | CUSIP: 523470HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5280071.00   | 0.26%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC)                                                             | New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC), Series 2017, Ref. RB                                        | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2381969.75   | 0.12%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2016, GO Bonds                                                                                                             | CUSIP: 452152D99<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3107773.75   | 0.15%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2020, Ref. GO Bonds                                                                                             | CUSIP: 92242SBA0<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264894.48    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Local Development Corp. (Jefferson's Ferry)                                                                                                | Brookhaven Local Development Corp. (Jefferson's Ferry), Series 2016, Ref. RB                                                                           | CUSIP: 113168AY4<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518935.25   | 0.07%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                         | Main Street Natural Gas, Inc., Series 2023 B, RB                                                                                                       | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5205078.00   | 0.25%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                                          | Iowa (State of) Tobacco Settlement Authority, Series 2021 A-2, Ref. RB                                                                                 | CUSIP: 888805BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2425395.83   | 0.12%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                               | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1098501.89   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                              | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                            | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   9175000 | PA      | $8700379.09   | 0.42%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Orange Regional Medical Center)                                                                              | New York (State of) Dormitory Authority (Orange Regional Medical Center), Series 2017, Ref. RB                                                         | CUSIP: 64990CPZ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977637.80    | 0.05%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E)                                                                               | Houston (City of), TX Airport System (United Airlines, Inc. Terminal E), Series 2020 A, Ref. RB                                                        | CUSIP: 442349DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501754.95    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                                  | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2015, RB                                                                  | CUSIP: 34061UBU1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1265544.20   | 0.06%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 119)                                                                                   | Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB                                                                   | CUSIP: 49151FZB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105067.24    | 0.01%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, RB                                                                                  | CUSIP: 709225DV5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1425130.05   | 0.07%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Honolulu (City & County of), HI                                                                                                                       | Honolulu (City & County of), HI, Series 2023, RB                                                                                                       | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5845272.90   | 0.29%             | 2026-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL (Jackson Health System)                                                                                                    | Miami-Dade (County of), FL (Jackson Health System), Series 2015 A, Ref. RB                                                                             | CUSIP: 59333TEC0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.05%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development                                                                                       | Philadelphia (City of), PA Authority for Industrial Development, Series 2017, RB                                                                       | CUSIP: 71783DBA2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1334098.11   | 0.07%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamden (Town of), CT (Whitney Center)                                                                                                                 | Hamden (Town of), CT (Whitney Center), Series 2019, Ref. RB                                                                                            | CUSIP: 4067927X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6190000 | PA      | $5814203.86   | 0.28%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                                        | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2013, RB                                                        | CUSIP: 837033KK4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    785000 | PA      | $774258.22    | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                         | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                    | CUSIP: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2326743.83   | 0.11%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                      | Connecticut (State of) Health & Educational Facilities Authority, Series 2020 G-1, Ref. RB                                                             | CUSIP: 20775DED0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    285000 | PA      | $290250.78    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                                             | Omaha (City of), NE Public Power District, Series 2023 A, RB                                                                                           | CUSIP: 682001JV5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   6315000 | PA      | $6520962.46   | 0.32%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2021 A, Ref. RB                                                                      | CUSIP: 6461368A2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1952950.40   | 0.10%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School)                                                    | Philadelphia (City of), PA Authority for Industrial Development (Kipp Philadelphia Charter School), Series 2016 A, RB                                  | CUSIP: 71781XAW3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1430505.00   | 0.07%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                    | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20800000 | PA      | $4180922.72   | 0.20%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlantic City (City of), NJ                                                                                                                           | Atlantic City (City of), NJ, Series 2017 A, Ref. GO Bonds                                                                                              | CUSIP: 048339VH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256842.40    | 0.01%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                 | Chicago (City of), IL, Series 2019 A, GO Bonds                                                                                                         | CUSIP: 167486D71<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3099341.40   | 0.15%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (Idea Public Schools)                                                                                          | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2022 A, RB                                                                        | CUSIP: 187145NX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $399980.71    | 0.02%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health)                                                                | Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health), Series 2017 A, Ref. RB                                         | CUSIP: 139404GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028883.40   | 0.15%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University)                                                         | Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB                                  | CUSIP: 71781XCF8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035039.70   | 0.15%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canaveral Port Authority                                                                                                                              | Canaveral Port Authority, Series 2018 B, RB                                                                                                            | CUSIP: 137288HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3945564.80   | 0.19%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (American Heritage Education Foundation)                                                            | California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB                                     | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    875000 | PA      | $843058.56    | 0.04%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                       | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2023, RB                                                       | CUSIP: 92774NBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4029734.00   | 0.20%             | 2030-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc. (Combined Hydroelectric)                                                                                               | American Municipal Power, Inc. (Combined Hydroelectric), Series 2016 A, Ref. RB                                                                        | CUSIP: 02765UMH4<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3764449.88   | 0.18%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Subseries 2021 A-1, Ref. RB                                                                                                | CUSIP: 59335KDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1918224.00   | 0.09%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority (Social Bonds)                                                                                      | Michigan (State of) Housing Development Authority (Social Bonds), Series 2024 A, RB                                                                    | CUSIP: 594654WT8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1536116.30   | 0.08%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University)                                                           | Maryland (State of) Health & Higher Educational Facilities Authority (Stevenson University), Series 2021, Ref. RB                                      | CUSIP: 57421CCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $335907.25    | 0.02%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Pratt Paper, Inc.)                                                                                                          | Build NYC Resource Corp. (Pratt Paper, Inc.), Series 2014, Ref. RB                                                                                     | CUSIP: 12008HAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500390.90   | 0.07%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                                                    | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                             | CUSIP: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487025.90    | 0.02%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                                    | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313627.47    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.)                                                                  | Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.), Series 2017, Ref. RB                                             | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5420000 | PA      | $4852317.33   | 0.24%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Higher Educational Facilities Financial Authority (Florida Institute of Technology)                                                | Florida (State of) Higher Educational Facilities Financial Authority (Florida Institute of Technology), Series 2019, RB                                | CUSIP: 34073TMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2668626.70   | 0.13%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                                                                                                    | Indiana University, Series 2015 A, Ref. RB                                                                                                             | CUSIP: 455168CK8<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2708922.00   | 0.13%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PEFA, Inc.                                                                                                                                            | PEFA, Inc., Series 2019, RB                                                                                                                            | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   5635000 | PA      | $5697394.10   | 0.28%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation)                                                                   | Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation), Series 2021, Ref. RB                                              | CUSIP: 57584YW21<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1083164.76   | 0.05%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                             | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                        | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017719.30   | 0.05%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                     | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2018 I, Ref. RB                                                                              | CUSIP: 967249QB2<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |    590000 | PA      | $588758.29    | 0.03%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                                                  | Austin (City of), TX, Series 2014, RB                                                                                                                  | CUSIP: 052398EQ3<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1881085.80   | 0.09%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Higher Educational Facilities Financial Authority (Rollins College)                                                                | Florida (State of) Higher Educational Facilities Financial Authority (Rollins College), Series 2020, Ref. RB                                           | CUSIP: 34073TNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1275281.15   | 0.06%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 B, Ref. RB                                 | CUSIP: 64763KAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140396.53    | 0.01%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Otsego County Capital Resource Corp. (Hartwick College)                                                                                               | Otsego County Capital Resource Corp. (Hartwick College), Series 2015 A, Ref. RB                                                                        | CUSIP: 689090AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $554184.29    | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton (City of), OH (James M. Cox)                                                                                                                   | Dayton (City of), OH (James M. Cox), Series 2014 A, Ref. RB                                                                                            | CUSIP: 239835HL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4993658.50   | 0.24%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                      | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 B, RB                                                                    | CUSIP: 19648FTL8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1076994.11   | 0.05%             | 2029-05-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge)                                     | Norfolk (City of), VA Redevelopment & Housing Authority (Fort Norfolk Retirement Community, Inc. - Harbor's Edge), Series 2019 A, RB                   | CUSIP: 655909CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $742386.83    | 0.04%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.)                                                                     | Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.), Series 2016, Ref. RB                                                | CUSIP: 62551PCV7<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1312182.98   | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)                                      | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB                    | CUSIP: 49126PEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501576.05   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                                                 | Metropolitan Transportation Authority, Series 2015 A-2, RB                                                                                             | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3126042.90   | 0.15%             | 2030-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority (Tahoe International Airport)                                                                                            | Reno-Tahoe Airport Authority (Tahoe International Airport), Series 2024, RB                                                                            | CUSIP: 759874CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552319.85   | 0.08%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Education Assistance Agency                                                                                     | Pennsylvania (Commonwealth of) Higher Education Assistance Agency, Series 2023 A, RB                                                                   | CUSIP: 70878CBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4105000 | PA      | $3947229.66   | 0.19%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB                                                                      | CUSIP: 6461363Z2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5316581.50   | 0.26%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Rex Healthcare)                                                                                    | North Carolina (State of) Medical Care Commission (Rex Healthcare), Series 2020 A, RB                                                                  | CUSIP: 65821DXA4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1324587.75   | 0.06%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Orange Regional Medical Center)                                                                              | New York (State of) Dormitory Authority (Orange Regional Medical Center), Series 2017, Ref. RB                                                         | CUSIP: 64990CPY1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1972324.20   | 0.10%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                 | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZX0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2804406.83   | 0.14%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.)                                                                                             | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB                                                                        | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750303.63   | 0.09%             | 2026-07-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Pure Salmon Virgina LLC)                                                               | Virginia (Commonwealth of) Small Business Financing Authority (Pure Salmon Virgina LLC), Series 2022, RB                                               | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000478.00   | 0.10%             | 2025-11-20      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                 | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1244427.30   | 0.06%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2021 A, Ref. RB                                                                                     | CUSIP: 592647KC4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6353661.00   | 0.31%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB                       | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2939198.10   | 0.14%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                                                                                                | Colorado Housing and Finance Authority, Series 2025, RB                                                                                                | CUSIP: 19648GB27<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5322159.35   | 0.26%             | 2055-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)                                                                          | California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB                                                     | CUSIP: 13057EAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011795.60   | 0.05%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                                    | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $329518.79    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rush University Medical Center)                                                                                | Illinois (State of) Finance Authority (Rush University Medical Center), Series 2015 A, Ref. RB                                                         | CUSIP: 45203HP63<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4499892.45   | 0.22%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                                                                   | State of California, Series 2020, GO Bonds                                                                                                             | CUSIP: 13063EKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $204619.70    | 0.01%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth)                                                                                  | Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth), Series 2016 A, RB                                                                | CUSIP: 74442PCP8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    160000 | PA      | $154386.56    | 0.01%             | 2036-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2019 A, Ref. RB                                                                                     | CUSIP: 592647GL9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3824995.35   | 0.19%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                    | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $61845.28     | 0.00%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.)                                                                  | Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.), Series 2018 B, RB                                                | CUSIP: 696507UH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2078846.22   | 0.10%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Forest at Duke (The))                                                                              | North Carolina (State of) Medical Care Commission (Forest at Duke (The)), Series 2021, RB                                                              | CUSIP: 65820YSK3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $1951589.75   | 0.10%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                              | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2002, RB                                              | CUSIP: 592247K33<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6938874.00   | 0.34%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy)                                                                | Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy), Series 2018 A, Ref. RB                                         | CUSIP: 264454AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $249050.98    | 0.01%             | 2028-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                           | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2717395.18   | 0.13%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University)                                                      | Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University), Series 2019 A, RB                                    | CUSIP: 74439YBT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $825307.52    | 0.04%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                  | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2018 A, Ref. RB                                                           | CUSIP: 64990GFY3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1961951.24   | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center)                                                                      | Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB                                                 | CUSIP: 593211EZ4<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985216.20    | 0.05%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The)                                                                                                                  | Black Belt Energy Gas District (The), Series 2023 A, RB                                                                                                | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5247354.50   | 0.26%             | 2030-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                        | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $510593.11    | 0.02%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2018 A, Ref. GO Bonds                                                                                 | CUSIP: 167505UF1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031343.00   | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Transit Transportation)                                                                         | New Jersey (State of) Economic Development Authority (Transit Transportation), Series 2020, RB                                                         | CUSIP: 64577XBE5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001474.50   | 0.15%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                  | Chicago (City of), IL (O'Hare International Airport), Series 2020 C, Ref. RB                                                                           | CUSIP: 167593S45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1544297.84   | 0.08%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.)                                                                                          | Iowa (State of) Finance Authority (PHS Council Bluffs, Inc.), Series 2018, RB                                                                          | CUSIP: 46245FAM6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    125000 | PA      | $122356.99    | 0.01%             | 2028-08-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Suffolk (County of), NY Water Authority                                                                                                               | Suffolk (County of), NY Water Authority, Series 2018 A, RB                                                                                             | CUSIP: 864784GJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1435006.65   | 0.07%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 A-1, Ref. RB                                                                                           | CUSIP: 64945JBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2953735.60   | 0.14%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                                                                                         | Florida Housing Finance Corp., Series 2024 3, RB                                                                                                       | CUSIP: 34074M4Y4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2273923.06   | 0.11%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                              | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2002, RB                                              | CUSIP: 592247K58<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3293278.00   | 0.16%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University)                                                                       | Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University), Series 2017, Ref. RB                                                  | CUSIP: 57584XM57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001149.20   | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Provident Group - Howard Properties LLC)                                                                                        | District of Columbia (Provident Group - Howard Properties LLC), Series 2013, RB                                                                        | CUSIP: 25483WAH5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2074965.35   | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (US Steel Corp.)                                                                                                 | Indiana (State of) Finance Authority (US Steel Corp.), Series 2012, RB                                                                                 | CUSIP: 455054AT3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4999.91      | 0.00%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                                                                        | Black Belt Energy Gas District, Series 2024, RB                                                                                                        | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5211391.00   | 0.25%             | 2032-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville School District                                                                                                                           | Coatesville School District, Series 2020 A, GO Bonds                                                                                                   | CUSIP: 190684PS3<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $751889.58    | 0.04%             | 2036-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation)                                                                   | Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation), Series 2021, Ref. RB                                              | CUSIP: 57584YV97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1116121.63   | 0.05%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.)                                                                        | Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.), Series 2015, Ref. RB                                                   | CUSIP: 899661EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.24%             | 2025-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2017 C, Ref. GO Bonds                                                                                 | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024538.20   | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2021 A, GO Bonds                                                                                      | CUSIP: 167505XP6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1233647.48   | 0.06%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2018 A, Ref. GO Bonds                                                                                                      | CUSIP: 4521522L4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8375000 | PA      | $8758011.36   | 0.43%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2020, Ref. GO Bonds                                                                                             | CUSIP: 92242SAZ6<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    230000 | PA      | $244647.64    | 0.01%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                       | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5021674.50   | 0.25%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                                           | Rockland Tobacco Asset Securitization Corp., Series 2001, RB                                                                                           | CUSIP: 773684AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $248077.47    | 0.01%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance)                                                                       | Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance)                                                                        | CUSIP: 97710BW32<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2450000.00   | 0.12%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                                         | North Texas Tollway Authority, Series 2017 B, Ref. RB                                                                                                  | CUSIP: 66285WXF8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750856.20    | 0.04%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), First Series 2001, GO Bonds                                                                                                       | CUSIP: 4521503D5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    275000 | PA      | $279615.19    | 0.01%             | 2026-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                     | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2018 I, Ref. RB                                                                              | CUSIP: 967249QC0<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1126561.45   | 0.06%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                                                      | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                                  | CUSIP: 74442PJU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $1462500.00   | 0.07%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                                  | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2020 C, Ref. RB                                                           | CUSIP: 34061UFA1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $447560.56    | 0.02%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                                          | Salt Lake City (City of), UT, Series 2018 B, RB                                                                                                        | CUSIP: 795576JB4<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014157.30   | 0.05%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas (City of), NV Special Improvement District No. 815                                                                                          | Las Vegas (City of), NV Special Improvement District No. 815, Series 2020, RB                                                                          | CUSIP: 51778VAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $224064.02    | 0.01%             | 2025-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.)                                                                         | Franklin (County of), PA Industrial Development Authority (Menno-Haven, Inc.), Series 2018, Ref. RB                                                    | CUSIP: 353273BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001768.60   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (CABS)                                                                                                  | Wisconsin (State of) Public Finance Authority (CABS), Series 2024, RB                                                                                  | CUSIP: 74447TAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4187000 | PA      | $2782210.84   | 0.14%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 159)                                                                                          | Clark (County of), NV (Special Improvement District No. 159), Series 2015, RB                                                                          | CUSIP: 181003MT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1096790.33   | 0.05%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                                          | North East Texas Regional Mobility Authority, Series 2016, RB                                                                                          | CUSIP: 659231AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9773395.00   | 0.48%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                                                                   | State of California, Series 2020, GO Bonds                                                                                                             | CUSIP: 13063EKM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9190000 | PA      | $9265875.40   | 0.45%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL (Convention Center Expansion)                                                                                                 | Broward (County of), FL (Convention Center Expansion), Series 2021, RB                                                                                 | CUSIP: 115085AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12926022.20  | 0.63%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                    | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                  | CUSIP: 392274Z58<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4188062.40   | 0.20%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                                  | New Jersey (State of) Economic Development Authority, Series 2015 XX, Ref. RB                                                                          | CUSIP: 64577BKJ2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001229.60   | 0.10%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gaithersburg (City of), MD (Asbury Maryland Obligated Group)                                                                                          | Gaithersburg (City of), MD (Asbury Maryland Obligated Group), Series 2018 A, Ref. RB                                                                   | CUSIP: 363128CU1<br>LEI: 549300UFHDHDCHDE0F65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011699.60   | 0.10%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Rider University)                                                                             | New Jersey (State of) Educational Facilities Authority (Rider University), Series 2017 F, RB                                                           | CUSIP: 646066Z29<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    395000 | PA      | $361777.77    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                                                                           | Ohio Housing Finance Agency, Series 2025, RB                                                                                                           | CUSIP: 676900XN8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1823211.36   | 0.09%             | 2043-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                           | Washington State Housing Finance Commission, Series 2025, RB                                                                                           | CUSIP: 93978LJK3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020108.10   | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (PPL Energy Supply, LLC)                                                      | Pennsylvania (Commonwealth of) Economic Development Financing Authority (PPL Energy Supply, LLC), Series 2009, Ref. RB                                 | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1861196.35   | 0.09%             | 2027-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments)                                                                                 | Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments), Series 1998, RB                                                                 | CUSIP: 488269AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10000.18     | 0.00%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                           | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1513840.46   | 0.07%             | 2029-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2018 B, Ref. GO Bonds                                                                                                      | CUSIP: 4521522Z3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1456014.43   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reading School District                                                                                                                               | Reading School District, Series 2017, Ref. GO Bonds                                                                                                    | CUSIP: 755638ZF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25443.96     | 0.00%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                  | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4695000 | PA      | $4674536.37   | 0.23%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)                                | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB           | CUSIP: 97712DZD1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $3877524.90   | 0.19%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2020, Ref. GO Bonds                                                                                             | CUSIP: 92242SBC6<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    285000 | PA      | $299343.20    | 0.01%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                                      | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                                      | CUSIP: 650116FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3144484.50   | 0.15%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                                                 | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2022, RB                                                                 | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4945000 | PA      | $5039029.18   | 0.25%             | 2027-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                               | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8320000 | PA      | $8284843.84   | 0.40%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency                                                                                                 | Pennsylvania (Commonwealth of) Housing Finance Agency, Series 2018-127B, RB                                                                            | CUSIP: 70879QCB7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2122781.10   | 0.10%             | 2033-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       779 | PA      | $640.72       | 0.00%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.)                                                                           | New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.), Series 2014, RB                                                           | CUSIP: 64542UAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1229897.05   | 0.06%             | 2029-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.)                                                                           | New Hope Cultural Education Facilities Finance Corp. (Wesleyan Homes, Inc.), Series 2014, RB                                                           | CUSIP: 64542UAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1378733.02   | 0.07%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy)                                                              | Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy), Series 2018, RB                                              | CUSIP: 72177PBY5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2229391.64   | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4)                                                                                           | Morrow (Port of), OR (Bonneville Cooperation Project No. 4), Series 2024 A, GO Bonds                                                                   | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502238.00   | 0.07%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (Idea Public Schools)                                                                                          | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2022 A, RB                                                                        | CUSIP: 187145NV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $532157.92    | 0.03%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.)                                                       | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2020 B, RB                                     | CUSIP: 69650MAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $225760.48    | 0.01%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Series 2023 A, Ref. RB                                                                                                     | CUSIP: 59335KEQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3865000 | PA      | $4103711.68   | 0.20%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging)                                                                   | North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging), Series 2021, RB                                                   | CUSIP: 65821DYU9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    900000 | PA      | $846925.38    | 0.04%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                             | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB                        | CUSIP: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $784992.94    | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                                                 | Washington (State of), Series 2021 A, Ref. GO Bonds                                                                                                    | CUSIP: 93974EDK9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074848.10   | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton County Capital Resource Corp. (CVES BOCES)                                                                                                    | Clinton County Capital Resource Corp. (CVES BOCES), Series 2025, RB                                                                                    | CUSIP: 187469AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1341647.43   | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                                       | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                     | CUSIP: 67884XCE5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023193.00   | 0.05%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                            | California (State of) County Tobacco Securitization Agency, Series 2020 A, Ref. RB                                                                     | CUSIP: 13016NER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $935852.76    | 0.05%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                                                                                                | San Antonio Education Facilities Corp., Series 2025, RB                                                                                                | CUSIP: 796247EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4705000 | PA      | $4811211.14   | 0.24%             | 2038-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westchester County Industrial Development Agency                                                                                                      | Westchester County Industrial Development Agency, Series 2025, RB                                                                                      | CUSIP: 95737QAK8<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1196907.00   | 0.06%             | 2042-12-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                                              | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2016 B, Ref. RB                                       | CUSIP: 60635H2A6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003541.60   | 0.05%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare)                                               | Shelby (County of), TN Health, Educational & Housing Facilities Board (Methodist Le Bonheur Healthcare), Series 2017 A, RB                             | CUSIP: 821697S34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1210645.41   | 0.06%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                                                 | Seattle (Port of), WA, Series 2022 B, Ref. RB                                                                                                          | CUSIP: 735389V39<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3112295.10   | 0.15%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                                                  | Austin (City of), TX, Series 2014, RB                                                                                                                  | CUSIP: 052398EM2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2585594.81   | 0.13%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                       | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4663922.50   | 0.23%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp.                                                                                                                | Love Field Airport Modernization Corp., Series 2021, Ref. RB                                                                                           | CUSIP: 54714CCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2740306.48   | 0.13%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)                                             | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB                        | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1343501.18   | 0.07%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                         | Wisconsin (State of) Public Finance Authority, Series 2012 B, Ref. RB                                                                                  | CUSIP: 74443CAC7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3381848.05   | 0.17%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue)                                             | Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018 A, Ref. RB                      | CUSIP: 01728A3S3<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066186.00   | 0.10%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville Area School District Building Authority                                                                                                   | Coatesville Area School District Building Authority, Series 2018, RB                                                                                   | CUSIP: 190693AH4<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335299.39    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                       | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9794656.00   | 0.48%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redwood City (City of), CA (Redwood Shores Community Facilities District No. 99-1 - Shores Transportation Improvement)                                | Redwood City (City of), CA (Redwood Shores Community Facilities District No. 99-1 - Shores Transportation Improvement), Series 2012, Ref. RB           | CUSIP: 757893DN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $495532.77    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                                    | Kentucky (Commonwealth of) Public Energy Authority, Series 2023 A-1, Ref. RB                                                                           | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9526967.10   | 0.47%             | 2032-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Lenexa (City of), KS (Lakeview Village, Inc.)                                                                                                         | Lenexa (City of), KS (Lakeview Village, Inc.), Series 2018 A, Ref. RB                                                                                  | CUSIP: 526039DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1344014.59   | 0.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Generation Park Management District                                                                                                                   | Generation Park Management District, Series 2024, GO Bonds                                                                                             | CUSIP: 37149ALR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1645156.02   | 0.08%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority (Jetblue Airways Corp.)                                                                                            | Greater Orlando Aviation Authority (Jetblue Airways Corp.), Series 2013, Ref. RB                                                                       | CUSIP: 392274F84<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250114.38   | 0.06%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2021 A, GO Bonds                                                                                      | CUSIP: 167505XL5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20263.68     | 0.00%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport)                                                                         | Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2015 A, RB                                                       | CUSIP: 432275AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1484954.71   | 0.07%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies)                                                                 | Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies), Series 2016, Ref. RB                                            | CUSIP: 71885FEH6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999937.00    | 0.05%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (La Salle University)                                                                 | Philadelphia (City of), PA Authority for Industrial Development (La Salle University), Series 2017, Ref. RB                                            | CUSIP: 71781XDS9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $827425.20    | 0.04%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.)                                                       | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB                                  | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3700921.52   | 0.18%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Port Covington)                                                                                                  | Maryland Economic Development Corp. (Port Covington), Series 2020, RB                                                                                  | CUSIP: 57422FAE6<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2233376.25   | 0.11%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health)                                                                | Cape Girardeau (County of), MO Industrial Development Authority (South Eastern Health), Series 2017, Ref. RB                                           | CUSIP: 139404GP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102524.60    | 0.01%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp. (Medaille College)                                                                            | Buffalo & Erie County Industrial Land Development Corp. (Medaille College), Series 2018, Ref. RB                                                       | CUSIP: 11943KDG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    283966 | PA      | $4259.49      | 0.00%             | 2038-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2010 A, RB                                                                                          | CUSIP: 592643CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $21677.14     | 0.00%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Community School of Davidson)                                                                          | Wisconsin (State of) Public Finance Authority (Community School of Davidson), Series 2018, RB                                                          | CUSIP: 74443DDZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1797315.96   | 0.09%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.)                                                                                       | Iowa (State of) Finance Authority (Lifespace Communities, Inc.), Series 2016 A, RB                                                                     | CUSIP: 46246K3R1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1053366.72   | 0.05%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group)                                                        | Wisconsin (State of) Health & Educational Facilities Authority (Ascension Senior Credit Group), Series 2016 A, Ref. RB                                 | CUSIP: 97712DRA6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1913343.00   | 0.09%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                                | New York (City of), NY, Series 2020 C, GO Bonds                                                                                                        | CUSIP: 64966QQC7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4714765.50   | 0.23%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp. (TELA Supported)                                                                                                   | Grand Parkway Transportation Corp. (TELA Supported), Series 2018 A, RB                                                                                 | CUSIP: 38611TBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048697.00   | 0.10%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)                                                   | New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2014 A, RB                                 | CUSIP: 645912DS2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200060.92    | 0.01%             | 2044-10-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Navajo (Nation of)                                                                                                                                    | Navajo (Nation of), Series 2015 A-144A, Ref. RB                                                                                                        | CUSIP: 639185AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $729072.54    | 0.04%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                      | New York & New Jersey (States of) Port Authority, Two Hundred Thirty Third Series 2021, Ref. RB                                                        | CUSIP: 73358XAR3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1616082.33   | 0.08%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2562851.75   | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                         | Denver (City & County of), CO, Series 2022 A, RB                                                                                                       | CUSIP: 249182QK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $9275153.13   | 0.45%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Housing Finance Agency (Social Bonds)                                                                                            | Minnesota (State of) Housing Finance Agency (Social Bonds), Series 2024 A, RB                                                                          | CUSIP: 60416T6X1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3132121.80   | 0.15%             | 2054-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Temple (City of), TX                                                                                                                                  | Temple (City of), TX, Series 2018 A, RB                                                                                                                | CUSIP: 880157BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10029110.00  | 0.49%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp. (KIPP, Inc.)                                                                                                   | Houston Higher Education Finance Corp. (KIPP, Inc.), Series 2015, Ref. RB                                                                              | CUSIP: 44237HBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250740.43    | 0.01%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe (City of), NM (El Castillo Retirement)                                                                                                       | Santa Fe (City of), NM (El Castillo Retirement), Series 2019 A, RB                                                                                     | CUSIP: 802170AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $674116.68    | 0.03%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp. (Southern California Edison)                                                                                  | Maricopa County Pollution Control Corp. (Southern California Edison), Series 2000, Ref. RB                                                             | CUSIP: 566854EM3<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3179942.80   | 0.16%             | 2035-06-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                  | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1724385.72   | 0.08%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                                                   | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB                                              | CUSIP: 68450LJK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5103811.00   | 0.25%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rans-Bridgewater)                                                                                      | Wisconsin (State of) Public Finance Authority (Rans-Bridgewater), Series 2024, RB                                                                      | CUSIP: 74442PD69<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4191072 | PA      | $4141389.83   | 0.20%             | 2030-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                                                   | Tampa (City of), FL, Series 2020 A, RB                                                                                                                 | CUSIP: 875146AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $1334429.27   | 0.07%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Power Authority (Green Bonds)                                                                                                     | New York (State of) Power Authority (Green Bonds), Series 2020 A, Ref. RB                                                                              | CUSIP: 64989KLD6<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4509607.50   | 0.22%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 A, RB                                      | CUSIP: 64763KAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $148388.62    | 0.01%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Heron's Key Senior Living)                                                                          | Washington (State of) Housing Finance Commission (Heron's Key Senior Living), Series 2015 A, RB                                                        | CUSIP: 939783SD9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115207.59    | 0.01%             | 2025-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No. 24J                                                                                                                  | Salem-Keizer School District No. 24J, Series 2020 A, GO Bonds                                                                                          | CUSIP: 569203NT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $2086878.23   | 0.10%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                                                                                    | Utah Housing Corp., Series 2025 A, RB                                                                                                                  | CUSIP: 917437RU1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2214790.60   | 0.11%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                                                    | South Carolina (State of) Public Service Authority, Series 2016 B, Ref. RB                                                                             | CUSIP: 837151RS0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6233680.00   | 0.30%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                                       | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                  | CUSIP: 378286JE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1967576.55   | 0.10%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (La Salle University)                                                                 | Philadelphia (City of), PA Authority for Industrial Development (La Salle University), Series 2017, Ref. RB                                            | CUSIP: 71781XDU4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $786424.20    | 0.04%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                       | Massachusetts (Commonwealth of), Series 2015, GO Bonds                                                                                                 | CUSIP: 57582RDF0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5320000 | PA      | $4851506.44   | 0.24%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2022 A, RB                                                                           | CUSIP: 64613CAC2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3215000 | PA      | $2978670.49   | 0.15%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                             | Golden State Tobacco Securitization Corp., Series 2005 A, RB                                                                                           | CUSIP: 38122NGM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $50214.26     | 0.00%             | 2028-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MTA Hudson Rail Yards Trust Obligations                                                                                                               | MTA Hudson Rail Yards Trust Obligations, Series 2016 A, RB                                                                                             | CUSIP: 62476RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $157523.31    | 0.01%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine (State of) Finance Authority (Casella Waste Systems, Inc.)                                                                                      | Maine (State of) Finance Authority (Casella Waste Systems, Inc.), Series 2024, Ref. RB                                                                 | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974702.10    | 0.05%             | 2035-06-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                  | Chicago (City of), IL (O'Hare International Airport), Series 2024 C, Ref. RB                                                                           | CUSIP: 1675936B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3342634.43   | 0.16%             | 2043-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.)                                                                     | Maricopa (County of), AZ Industrial Development Authority (Commercial Metals Co.), Series 2022, RB                                                     | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1657967.20   | 0.08%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (YMCA of the Greater Houston Area)                                                          | Harris County Cultural Education Facilities Finance Corp. (YMCA of the Greater Houston Area), Series 2013 A, Ref. RB                                   | CUSIP: 414009EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $950788.45    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority (Victory Centre)                                                                                   | Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB                                                              | CUSIP: 938618AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175229.15    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atwater (City of), CA                                                                                                                                 | Atwater (City of), CA, Series 2017 A, Ref. RB                                                                                                          | CUSIP: 050002AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103279.03    | 0.01%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                     | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2012, RB                                                     | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  11035000 | PA      | $11042890.03  | 0.54%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds)                                                                          | New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds), Series 2021, RB                                                          | CUSIP: 64704CAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $705405.00    | 0.03%             | 2036-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority (Convention Center Hotel)                                                                                 | George L Smith II Congress Center Authority (Convention Center Hotel), Series 2021, RB                                                                 | CUSIP: 37255MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $481663.19    | 0.02%             | 2031-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                 | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  19850000 | PA      | $6372530.86   | 0.31%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Jeffersonville (City of), IN (Vivera Senior Living)                                                                                                   | Jeffersonville (City of), IN (Vivera Senior Living), Series 2020 A, RB                                                                                 | CUSIP: 475666AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $3934616.98   | 0.19%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.)                                                       | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2018, RB                                       | CUSIP: 69650MAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2397877.75   | 0.12%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                                                 | Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB                                                                                     | CUSIP: 59259Y6F1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2510425.00   | 0.12%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL School District                                                                                                               | Manatee (County of), FL School District, Series 2017, RB                                                                                               | CUSIP: 56185PCJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066980.40   | 0.15%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Municipal Power Agency                                                                                                     | Kentucky (Commonwealth of) Municipal Power Agency, Series 2015 A, Ref. RB                                                                              | CUSIP: 491501DZ2<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1264033.26   | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Higher Education Facilities Authority (Bethel University)                                                                        | Minnesota (State of) Higher Education Facilities Authority (Bethel University), Series 2017, Ref. RB                                                   | CUSIP: 60416H3X0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1730273.48   | 0.08%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.)                                                                  | Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.), Series 2017, Ref. RB                                             | CUSIP: 57584X4L2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3521548.10   | 0.17%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                               | Michigan Strategic Fund, Series 2016, RB                                                                                                               | CUSIP: 594ESCAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $341190.00    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                                    | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2015 A-1, Ref. RB                                                                           | CUSIP: 709224GK9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251900.08    | 0.01%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Terre Haute (City of), IN (Silver Birch of Terre Haute)                                                                                               | Terre Haute (City of), IN (Silver Birch of Terre Haute), Series 2017, RB                                                                               | CUSIP: 881080AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $449383.26    | 0.02%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Meritus Medical Center)                                                         | Maryland (State of) Health & Higher Educational Facilities Authority (Meritus Medical Center), Series 2015 A, Ref. RB                                  | CUSIP: 574218XZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4349793.38   | 0.21%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane County School District No. 131 Aurora East Side                                                                                                  | Kane County School District No. 131 Aurora East Side, Series 2020 A, GO Bonds                                                                          | CUSIP: 484008NT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $737709.58    | 0.04%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Park (City of), GA (Atlanta International Airport)                                                                                            | College Park (City of), GA (Atlanta International Airport), Series 2006 B, RB                                                                          | CUSIP: 194315BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15006.42     | 0.00%             | 2031-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Rider University)                                                                             | New Jersey (State of) Educational Facilities Authority (Rider University), Series 2017 F, RB                                                           | CUSIP: 646066Z37<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    415000 | PA      | $375110.41    | 0.02%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC)                                                           | Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC), Series 2016 A, RB                                         | CUSIP: 738222AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1910539.60   | 0.09%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                       | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2022 A, RB                                                                     | CUSIP: 74443DHE4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    485000 | PA      | $478440.76    | 0.02%             | 2039-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Series 2017 B, Ref. RB                                                                                                     | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7115000 | PA      | $7102278.38   | 0.35%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Housing Finance Corp.                                                                                                                          | Alaska Housing Finance Corp., Series 2025, RB                                                                                                          | CUSIP: 01170RST0<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5430453.50   | 0.27%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                                    | Philadelphia School District (The), Series 2018 A, GO Bonds                                                                                            | CUSIP: 717883UZ3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    510000 | PA      | $531848.09    | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                                               | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                          | CUSIP: 044293BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $387591.13    | 0.02%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2023 A, Ref. RB                                                                                     | CUSIP: 592647MB4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2490767.59   | 0.12%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                                              | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2019 A, RB                                            | CUSIP: 60635H2Q1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1125350.49   | 0.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy)                                                                | Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy), Series 2018 A, Ref. RB                                         | CUSIP: 264454AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $194192.44    | 0.01%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2008 A, RB                                                                           | CUSIP: 646136WF4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    255000 | PA      | $225838.43    | 0.01%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                      | Connecticut (State of) Health & Educational Facilities Authority, Series 2020 G-1, Ref. RB                                                             | CUSIP: 20775DEE8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    540000 | PA      | $548913.35    | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4)                                                                            | Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2021 A, Ref. RB                                                     | CUSIP: 6262078E7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    485000 | PA      | $456913.07    | 0.02%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                       | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2020 A, RB                                                                     | CUSIP: 74443DFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    490000 | PA      | $483373.14    | 0.02%             | 2039-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2019, Ref. GO Bonds                                                                                             | CUSIP: 92242SAM5<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    160000 | PA      | $164890.59    | 0.01%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Boston University)                                                                        | Massachusetts (Commonwealth of) Development Finance Agency (Boston University), Series 2023 FF, Ref. RB                                                | CUSIP: 57584Y5M7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4454633.00   | 0.22%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Salle (County of), TX                                                                                                                              | La Salle (County of), TX, Series 2018, Ref. GO Bonds                                                                                                   | CUSIP: 504678CM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4110000 | PA      | $4221477.17   | 0.21%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Detroit Water & Sewerage Department)                                                                           | Michigan (State of) Finance Authority (Detroit Water & Sewerage Department), Series 2015 D-1, Ref. RB                                                  | CUSIP: 59447TFS7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $750971.93    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                                    | St. James (Parish of), LA (Nustar Logistics, L.P.), Series 2008, RB                                                                                    | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2872402.56   | 0.14%             | 2030-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Winfree Academy Charter School)                                                                             | Arlington Higher Education Finance Corp. (Winfree Academy Charter School), Series 2019, Ref. RB                                                        | CUSIP: 041806RV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980291.20    | 0.05%             | 2043-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                                             | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2710735.48   | 0.13%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Rochester High Yield Municipal ETF                                                                                                            | Invesco Rochester High Yield Municipal ETF                                                                                                             | CUSIP: 46090A747<br>LEI: 5493006RURMGCZH0OI34 | Long             | EC               | RF                | US        |     17000 | NS      | $851618.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                           | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 09204PAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1776640.00   | 0.09%             | 2036-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                       | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2018, Ref. RB                                                  | CUSIP: 92774NAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $463622.84    | 0.02%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2018 A, Ref. GO Bonds                                                                                 | CUSIP: 167505UZ7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2883347.85   | 0.14%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E)                                                                               | Houston (City of), TX Airport System (United Airlines, Inc. Terminal E), Series 2021 A, RB                                                             | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3035596.20   | 0.15%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2836960 | PA      | $2432453.19   | 0.12%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                              | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2018 A, RB                            | CUSIP: 13080SVK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002667.50   | 0.05%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                              | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2483564.88   | 0.12%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                                                    | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB                                                                  | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4914312 | PA      | $4872291.12   | 0.24%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Lancaster (County of), PA Hospital Authority (Moravian Manors, Inc.)                                                                                  | Lancaster (County of), PA Hospital Authority (Moravian Manors, Inc.), Series 2019 A, RB                                                                | CUSIP: 51404PAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1048139.03   | 0.05%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2024 A, Ref. RB                                                                                     | CUSIP: 592647MS7<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5338126.50   | 0.26%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                                  | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB                                                | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7005000 | PA      | $6953788.55   | 0.34%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                       | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3108798.32   | 0.15%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2018 A, Ref. GO Bonds                                                                                 | CUSIP: 167505UG9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1286566.50   | 0.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                                        | Tulsa (City of), OK Airports Improvement Trust, Series 2001 B, Ref. RB                                                                                 | CUSIP: 899661EJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3250621.73   | 0.16%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                          | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4097688.80   | 0.20%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center)                                                                | Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB                                           | CUSIP: 93978HSR7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1353472.00   | 0.07%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                  | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2779076.10   | 0.14%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                                                  | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2016, RB                                                  | CUSIP: 95648VAX7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1400000.00   | 0.07%             | 2026-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV (Special Improvement District No. 159)                                                                                          | Clark (County of), NV (Special Improvement District No. 159), Series 2015, RB                                                                          | CUSIP: 181003MQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115210.39    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development                                                                                       | Philadelphia (City of), PA Authority for Industrial Development, Series 2017, RB                                                                       | CUSIP: 71783DAZ8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026458.70   | 0.05%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe (City of), NM (El Castillo Retirement)                                                                                                       | Santa Fe (City of), NM (El Castillo Retirement), Series 2019 A, RB                                                                                     | CUSIP: 802170AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1912408.06   | 0.09%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Cloud (City of), MN (CentraCare Health System)                                                                                                    | St. Cloud (City of), MN (CentraCare Health System), Series 2016 A, Ref. RB                                                                             | CUSIP: 78916VDR8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1950188.60   | 0.10%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redtail Ridge Metropolitan District                                                                                                                   | Redtail Ridge Metropolitan District, Series 2025, GO Bonds                                                                                             | CUSIP: 75773CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2337604.80   | 0.11%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 119)                                                                                   | Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB                                                                   | CUSIP: 49151FZF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104367.09    | 0.01%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                               | New York (State of) Dormitory Authority, Series 2022 A, Ref. RB                                                                                        | CUSIP: 64990FW91<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10620000 | PA      | $10073870.75  | 0.49%             | 2040-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 A, Ref. RB                                                                                             | CUSIP: 64945JAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3055016.77   | 0.15%             | 2035-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5649974.58   | 0.28%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Viera Charter Schools, Inc.)                                                                                              | Capital Trust Agency, Inc. (Viera Charter Schools, Inc.), Series 2017 A, RB                                                                            | CUSIP: 14054CAK5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    510000 | PA      | $505724.16    | 0.02%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                                                 | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2007, RB                                                                 | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7509663.75   | 0.37%             | 2028-06-15      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Fulton (County of), GA Development Authority (Robert W. Woodruff Arts Center)                                                                         | Fulton (County of), GA Development Authority (Robert W. Woodruff Arts Center), Series 2019, Ref. RB                                                    | CUSIP: 36005FBV6<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1698289.03   | 0.08%             | 2044-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL School District                                                                                                               | Manatee (County of), FL School District, Series 2017, RB                                                                                               | CUSIP: 56185PCG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $923365.44    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                                      | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                      | CUSIP: 650116GT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1759156.94   | 0.09%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis Park (City of), MN (Place Via Sol Project)                                                                                                  | St. Louis Park (City of), MN (Place Via Sol Project), Series 2018, RB                                                                                  | CUSIP: 85233GAA2<br>LEI: 549300F6X6Q4H3ALF786 | Long             | DBT              | MUN               | US        |   1204623 | PA      | $120462.34    | 0.01%             | 2027-07-01      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                                                | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                         | CUSIP: 939783TB2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1446880.18   | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maple Grove (City of), MN (Maple Grove Hospital Corp.)                                                                                                | Maple Grove (City of), MN (Maple Grove Hospital Corp.), Series 2017, Ref. RB                                                                           | CUSIP: 56516TBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1619539.68   | 0.08%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                                             | San Antonio (City of), TX, Series 2022, RB                                                                                                             | CUSIP: 79625GEU3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1226547.41   | 0.06%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                                                       | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2018, Ref. RB                                                  | CUSIP: 92774NAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153272.37    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System)                                  | Philadelphia (City of), PA Hospitals & Higher Education Facilities Authority (The) (Temple University Health System), Series 2017, Ref. RB             | CUSIP: 717903L48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2330317.07   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                                                   | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging), Series 2016, RB                                   | CUSIP: 091081DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1977204.20   | 0.10%             | 2030-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                                                 | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-1, Ref. RB                                                        | CUSIP: 19648FJX3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4730000 | PA      | $4562582.60   | 0.22%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp.                                                                                                                    | Mission Economic Development Corp., Series 2025, RB                                                                                                    | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2171750.43   | 0.11%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                 | Chicago (City of), IL, Series 2021 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8985000 | PA      | $9341953.38   | 0.46%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green)                                                                    | Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green), Series 2015, Ref. RB                                               | CUSIP: 49126TAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2838754.94   | 0.14%             | 2035-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 A, RB                                      | CUSIP: 64763KAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $226162.62    | 0.01%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                              | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2014, RB                              | CUSIP: 13080SEU4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4302799.73   | 0.21%             | 2029-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                 | Chicago (City of), IL, Series 2017 B, Ref. RB                                                                                                          | CUSIP: 167727ZC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3058739.10   | 0.15%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Preserve (The))                                                                                 | Lee (County of), FL Industrial Development Authority (Preserve (The)), Series 2017 A, RB                                                               | CUSIP: 52349EDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $777123.50    | 0.04%             | 2032-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), Series 2018 A, Ref. COP                                                                                                | CUSIP: 709144NQ8<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |    425000 | PA      | $441470.62    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects)                     | Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects), Series 2018 A, RB   | CUSIP: 04052BHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1828257.65   | 0.09%             | 2038-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth)                                                                                  | Wisconsin (State of) Public Finance Authority (Bancroft Neurohealth), Series 2016 A, RB                                                                | CUSIP: 74442PCM5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1650000.00   | 0.08%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark High Education Finance Corp. (A+ Charter Schools, Inc.)                                                                                        | Newark High Education Finance Corp. (A+ Charter Schools, Inc.), Series 2015 A, RB                                                                      | CUSIP: 650346BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170076.13    | 0.01%             | 2025-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                                                                                                | University of Kentucky, Series 2015 A, RB                                                                                                              | CUSIP: 914378HN7<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3576549.26   | 0.17%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                                                  | Chicago (City of), IL (O'Hare International Airport), Series 2020 A, Ref. RB                                                                           | CUSIP: 167593P71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2232988.43   | 0.11%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (The Catholic University of America)                                                                                             | District of Columbia (The Catholic University of America), Series 2018, Ref. RB                                                                        | CUSIP: 25483VUP7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2205101.99   | 0.11%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canaveral Port Authority                                                                                                                              | Canaveral Port Authority, Series 2018 A, RB                                                                                                            | CUSIP: 137288HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4485054.15   | 0.22%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans)                                                                         | Louisiana (State of) Public Facilities Authority (Archdiocese of New Orleans), Series 2017, Ref. RB                                                    | CUSIP: 5463987E2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    400000 | PA      | $340000.00    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                           | TSASC, Inc., Series 2017 A, Ref. RB                                                                                                                    | CUSIP: 898526FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516455.45   | 0.07%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools)                                            | La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools), Series 2018 A, RB                          | CUSIP: 50376FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1182264.12   | 0.06%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1008343 | PA      | $932005.89    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                        | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                      | CUSIP: 509893AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395816.86    | 0.02%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Farmville (Town of), VA Industrial Development Authority (Longwood University Student Housing)                                                        | Farmville (Town of), VA Industrial Development Authority (Longwood University Student Housing), Series 2018 A, Ref. RB                                 | CUSIP: 311617AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992613.60    | 0.05%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County School District Finance Corp.                                                                                                          | Fayette County School District Finance Corp., Series 2015 D, RB                                                                                        | CUSIP: 312432ZQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002352.70   | 0.05%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.)                                                           | Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.), Series 2013 A, RB                                         | CUSIP: 414009FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600248.46    | 0.03%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                                                  | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2024, RB                                                                  | CUSIP: 65000B8P6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041228.40   | 0.10%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2021 A, Ref. RB                                                 | CUSIP: 70870JDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1219525.89   | 0.06%             | 2039-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                                                  | Colorado Health Facilities Authority, Series 2025, RB                                                                                                  | CUSIP: 19648FZH0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027022.50   | 0.15%             | 2045-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900753.12    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community)                                                                    | New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community), Series 2016, Ref. RB                                               | CUSIP: 64542UBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2723369.83   | 0.13%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                                                                                               | Massachusetts Health & Educational Facilities Authority, Series 2000, RB                                                                               | CUSIP: 57586CT21<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $6182080.38   | 0.30%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Department of Transportation (I-77 HOT Lanes)                                                                               | North Carolina (State of) Department of Transportation (I-77 HOT Lanes), Series 2015, RB                                                               | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $905298.65    | 0.04%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy)                                                                                    | Arlington Higher Education Finance Corp. (UME Preparatory Academy), Series 2017 A, RB                                                                  | CUSIP: 041806PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $109458.47    | 0.01%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties)                                                               | Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties), Series 2018 A, RB                                             | CUSIP: 43102XAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2008354 | PA      | $25104.43     | 0.00%             | 2028-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Guam (Territory of)                                                                                                                                   | Guam (Territory of), Series 2021 A, Ref. RB                                                                                                            | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002094.40   | 0.20%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coatesville Area School District Building Authority                                                                                                   | Coatesville Area School District Building Authority, Series 2018, RB                                                                                   | CUSIP: 190693AJ0<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    360000 | PA      | $360387.54    | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                                | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5740000 | PA      | $5741510.77   | 0.28%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                                           | TSASC, Inc., Series 2017 A, Ref. RB                                                                                                                    | CUSIP: 898526FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009067.60   | 0.05%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reading School District                                                                                                                               | Reading School District, Series 2017, Ref. GO Bonds                                                                                                    | CUSIP: 755638ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30594.17     | 0.00%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                                                    | Tennessee Energy Acquisition Corp., Series 2006 C, RB                                                                                                  | CUSIP: 880443EE2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152057.27    | 0.01%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook (County of), IL                                                                                                                                  | Cook (County of), IL, Series 2018, Ref. RB                                                                                                             | CUSIP: 213248BZ9<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1561542.06   | 0.08%             | 2036-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.)                                                                             | Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB                                                             | CUSIP: 451916AH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    710000 | PA      | $710736.06    | 0.03%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                                                                        | Tennergy Corp., Series 2022 A, RB                                                                                                                      | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8703461.34   | 0.43%             | 2030-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority (Triangle Expressway System)                                                                             | North Carolina (State of) Turnpike Authority (Triangle Expressway System), Series 2019, RB                                                             | CUSIP: 65830VAM2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1982867.50   | 0.10%             | 2044-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                                               | Erie Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                             | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873897.10    | 0.04%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District                                                                                                            | Roseville Joint Union High School District, Series 2018, GO Bonds                                                                                      | CUSIP: 777849VE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $567815.91    | 0.03%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                                    | New York Counties Tobacco Trust VI, Series 2016 B, Ref. RB                                                                                             | CUSIP: 64945JAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $272654.69    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) Tri-County Metropolitan Transportation District                                                                                     | Oregon (State of) Tri-County Metropolitan Transportation District, Series 2018 A, RB                                                                   | CUSIP: 89546RQV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4472814.50   | 0.22%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                              | Texas (State of) Water Development Board, Series 2018 B, RB                                                                                            | CUSIP: 882854Q70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058033.00   | 0.25%             | 2049-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Department of Transportation                                                                                                      | Maryland (State of) Department of Transportation, Series 2012, RB                                                                                      | CUSIP: 574203MN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99478.82     | 0.00%             | 2025-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                              | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB                                                            | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3366089.68   | 0.16%             | 2031-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                                                         | Aurora Crossroads Metropolitan District No. 2, Series 2020 A, GO Bonds                                                                                 | CUSIP: 05162QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1463000 | PA      | $1424649.80   | 0.07%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907724.90    | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                                    | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $338878.70    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                                    | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $322022.08    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College)                                                                          | Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2017 A, Ref. RB                                                   | CUSIP: 57584XT35<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1613657.44   | 0.08%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                                          | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                                      | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  11504138 | PA      | $11429942.78  | 0.56%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                         | Wisconsin (State of) Public Finance Authority, Series 2020, Ref. RB                                                                                    | CUSIP: 74442CCW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2506604.85   | 0.12%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                                                        | Pennsylvania (Commonwealth of), Series 2018 A, Ref. COP                                                                                                | CUSIP: 709144NP0<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |    375000 | PA      | $390733.05    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                                                            | Illinois (State of) Toll Highway Authority, Series 2021 A, RB                                                                                          | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4503965.00   | 0.22%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Centro (City of), CA Financing Authority (El Centro California Redevelopment)                                                                      | El Centro (City of), CA Financing Authority (El Centro California Redevelopment), Series 2011, RB                                                      | CUSIP: 282833AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25071.83     | 0.00%             | 2025-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                                              | CUSIP: 650116AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1689115.05   | 0.08%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Rider University)                                                                             | New Jersey (State of) Educational Facilities Authority (Rider University), Series 2017 F, RB                                                           | CUSIP: 646066Z52<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870137.90    | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                         | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                                  | CUSIP: 249182TA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2516962.50   | 0.12%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                              | Texas (State of) Water Development Board, Series 2017 A, RB                                                                                            | CUSIP: 882854B68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4557070.00   | 0.22%             | 2042-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of)                                                                                                                                 | New Jersey (State of), Series 2020 A, GO Bonds                                                                                                         | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3156565.20   | 0.15%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community)                                                     | Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community), Series 2017, Ref. RB                                | CUSIP: 97712DG59<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1563190.04   | 0.08%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                                              | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2002, RB                                              | CUSIP: 5922478J2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2162520.87   | 0.11%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona Board of Regents (Arizona Biomedical Research Collaborative Building)                                                           | University of Arizona Board of Regents (Arizona Biomedical Research Collaborative Building), Series 2006, COP                                          | CUSIP: 04048PCR9<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20014.84     | 0.00%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Las Vegas (City of), NV Special Improvement District No. 815                                                                                          | Las Vegas (City of), NV Special Improvement District No. 815, Series 2020, RB                                                                          | CUSIP: 51778VAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $225163.95    | 0.01%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.)                                                      | New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.), Series 2019, Ref. RB                                 | CUSIP: 64577B5Z3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     92000 | PA      | $96304.17     | 0.00%             | 2037-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Linder Village)                                                                                  | Arizona (State of) Industrial Development Authority (Linder Village), Series 2020, RB                                                                  | CUSIP: 040523AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2392196.61   | 0.12%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Southern California Edison Company)                                                | California (State of) Statewide Communities Development Authority (Southern California Edison Company), Series 2006 D, Ref. RB                         | CUSIP: 13078HBA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2775842.43   | 0.14%             | 2033-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of) & Jefferson (County of), AL Civic Center Authority                                                                               | Birmingham (City of) & Jefferson (County of), AL Civic Center Authority, Series 2018 B, RB                                                             | CUSIP: 091156NC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2410597.15   | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                                       | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NGY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1193582.01   | 0.06%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 A, RB                                      | CUSIP: 64763KAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101814.54    | 0.00%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                                  | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1699911.20   | 0.08%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging)                                                                   | North Carolina (State of) Medical Care Commission (Lutheran Services for the Aging), Series 2021, RB                                                   | CUSIP: 65821DYF2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $917585.55    | 0.04%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District No. 2                                                                                                       | Broadway Park North Metropolitan District No. 2, Series 2020, GO Bonds                                                                                 | CUSIP: 111561AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1215142.79   | 0.06%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pulaski (County of), AR Public Facilities Board                                                                                                       | Pulaski (County of), AR Public Facilities Board, Series 2014, RB                                                                                       | CUSIP: 74540HAG9<br>LEI: 549300FW3F0WYTXI3E38 | Long             | DBT              | MUN               | US        |    530000 | PA      | $530491.05    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                                     | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2019, RB                                                     | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974048.90    | 0.05%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority (Evraz)                                                                                                                | Pueblo Urban Renewal Authority (Evraz), Series 2021 B, RB                                                                                              | CUSIP: 744826AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243336.48    | 0.01%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                                                 | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2014 D, Ref. RB                                          | CUSIP: 93978HKN4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100015.59    | 0.00%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1)                                                           | South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1), Series 2015 A, Ref. RB                                    | CUSIP: 84049BHY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2088677.97   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                                    | Kentucky (Commonwealth of) Public Energy Authority, Series 2019 C, RB                                                                                  | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4996042.00   | 0.24%             | 2028-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State)                                                                       | Missouri (State of) Joint Municipal Electric Utility Commission (Prairie State), Series 2015 A, Ref. RB                                                | CUSIP: 606092HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.01    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                      | New York & New Jersey (States of) Port Authority, Two Hundred Seventh Series 2018, Ref. RB                                                             | CUSIP: 73358WR71<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9322676.10   | 0.46%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                                                            | City of Los Angeles Department of Airports, Series 2025, RB                                                                                            | CUSIP: 5444452V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5299636.00   | 0.26%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                                                | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                           | CUSIP: 483228DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2528342.74   | 0.12%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.)                                                                          | Indiana (State of) Finance Authority (Southern Indiana Gas and Electric Co.), Series 2013, Ref. RB                                                     | CUSIP: 455054BL9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9919186.00   | 0.48%             | 2028-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (University Hospital)                                                                | New Jersey (State of) Health Care Facilities Financing Authority (University Hospital), Series 2015 A, RB                                              | CUSIP: 64579F7P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2942483.40   | 0.14%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)                             | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2017 A, Ref. RB      | CUSIP: 61022CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5042154.00   | 0.25%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                                 | New York (City of), NY Transitional Finance Authority, Series 2021 E-1, RB                                                                             | CUSIP: 64971XXR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5264829.11   | 0.26%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA                                                                                                                             | New Orleans (City of), LA, Series 2014, Ref. RB                                                                                                        | CUSIP: 647753KP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251493.75   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                                    | New York Counties Tobacco Trust IV, Series 2010 A, RB                                                                                                  | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    982000 | PA      | $941809.10    | 0.05%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University)                           | New Hope Cultural Education Facilities Finance Corp. (CHF-Collegiate Housing College Station I, LLC - Texas A&M University), Series 2014 A, RB         | CUSIP: 64542RAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $137808.54    | 0.01%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group)                                                           | South Dakota (State of) Health & Educational Facilities Authority (Sanford Obligated Group), Series 2014 B, RB                                         | CUSIP: 83755VXF6<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29239.02     | 0.00%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2020, GO Bonds                                                                                                             | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3161204.10   | 0.15%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                                                      | Commonwealth Financing Authority, Series 2018, RB                                                                                                      | CUSIP: 20282EAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4125980.00   | 0.20%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleburne Independent School District                                                                                                                  | Cleburne Independent School District, Series 2016, GO Bonds                                                                                            | CUSIP: 185486MZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5612131.70   | 0.27%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                            | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 B, RB                                          | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10100000 | PA      | $10099532.37  | 0.49%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1080826.63   | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                                                             | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2021, RB                                             | CUSIP: 72177MUB1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    740000 | PA      | $618074.57    | 0.03%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Goldman Sachs Headquarters)                                                                                       | New York Liberty Development Corp. (Goldman Sachs Headquarters), Series 2005, Ref. RB                                                                  | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9100000 | PA      | $10159218.16  | 0.50%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Christian Living Neighborhoods)                                                                      | Colorado (State of) Health Facilities Authority (Christian Living Neighborhoods), Series 2016, Ref. RB                                                 | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2482740.81   | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodbury (City of), MN Housing & Redevelopment Authority (St. Therese of Woodbury)                                                                    | Woodbury (City of), MN Housing & Redevelopment Authority (St. Therese of Woodbury), Series 2014, RB                                                    | CUSIP: 979141AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000302.60   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2019 A, Ref. RB                                                                                     | CUSIP: 592647GM7<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1652240.09   | 0.08%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The)                                                                                                                  | Black Belt Energy Gas District (The), Series 2023 B, RB                                                                                                | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3177288.90   | 0.16%             | 2030-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                                                                                        | Hyde Park Community Development District No. 1, Series 2024 B, RB                                                                                      | CUSIP: 448642AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1685409.92   | 0.08%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2019, Ref. GO Bonds                                                                                             | CUSIP: 92242SAL7<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    135000 | PA      | $139140.25    | 0.01%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Life Enriching Communities)                                                                                                 | Hamilton (County of), OH (Life Enriching Communities), Series 2012, RB                                                                                 | CUSIP: 40727RBC1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    565000 | PA      | $565255.15    | 0.03%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                                       | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                       | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4960000 | PA      | $4959764.90   | 0.24%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Southminster)                                                                                          | Wisconsin (State of) Public Finance Authority (Southminster), Series 2018, RB                                                                          | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $469893.90    | 0.02%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                             | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4735552.00   | 0.23%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                                                     | Hawaii (State of), Series 2020 A, Ref. RB                                                                                                              | CUSIP: 41981THF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $634839.99    | 0.03%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy)                                                                                       | Port Beaumont Navigation District (Jefferson Gulf Coast Energy), Series 2021, RB                                                                       | CUSIP: 73360CAG9<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    575000 | PA      | $543104.46    | 0.03%             | 2028-01-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                                                                                                    | Utah Housing Corp., Series 2024 E, RB                                                                                                                  | CUSIP: 917437JS5<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5360919.76   | 0.26%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                                | New York (City of), NY, Series 2020 C, GO Bonds                                                                                                        | CUSIP: 64966QQB9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4754380.50   | 0.23%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                            | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAE2<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1322918.51   | 0.06%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                         | Main Street Natural Gas, Inc., Series 2022 B, RB                                                                                                       | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5162743.00   | 0.25%             | 2029-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Series 2017 B, Ref. RB                                                                                                     | CUSIP: 59334DKK9<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14895883.50  | 0.73%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority (US Steel Corp.)                                                                                          | Southwestern Illinois Development Authority (US Steel Corp.), Series 2012, RB                                                                          | CUSIP: 84552TAB8<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4049959.91   | 0.20%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Clinton County Capital Resource Corp. (CVES BOCES)                                                                                                    | Clinton County Capital Resource Corp. (CVES BOCES), Series 2025, RB                                                                                    | CUSIP: 187469AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1400699.77   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Floyd (County of), GA Development Authority (The Spires at Berry College)                                                                             | Floyd (County of), GA Development Authority (The Spires at Berry College), Series 2018 A, RB                                                           | CUSIP: 343572AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $769947.18    | 0.04%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                                                 | Metropolitan Transportation Authority, Subseries 2015 C-1, Ref. RB                                                                                     | CUSIP: 59259Y5Y1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1880322.75   | 0.09%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                                                | Nassau County Tobacco Settlement Corp., Series 2006 A-2, RB                                                                                            | CUSIP: 63166MBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    402274 | PA      | $395641.58    | 0.02%             | 2026-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas (State of)                                                                                                                                      | Texas (State of), Series 2023 A, GO Bonds                                                                                                              | CUSIP: 882724H26<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1729827.22   | 0.08%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District)                                       | Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District), Series 2016 A, Ref. RB                | CUSIP: 48503VAG7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9935.00      | 0.00%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                                                                   | Pennsylvania Housing Finance Agency, Series 2023, RB                                                                                                   | CUSIP: 70879QUK7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056363.40   | 0.10%             | 2046-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Westpark Community Facility District                                                                                                                  | Westpark Community Facility District, Series 2016, Ref. GO Bonds                                                                                       | CUSIP: 96122EAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014188.20   | 0.10%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                                               | Osceola (County of), FL, Series 2020 A-1, Ref. RB                                                                                                      | CUSIP: 688031DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309452.40    | 0.02%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                                                      | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2020 C, Ref. RB                                               | CUSIP: 650116EN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1700681.76   | 0.08%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC)                                                                        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (UPMC), Series 2021 A, Ref. RB                                                 | CUSIP: 70870JDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1095702.48   | 0.05%             | 2040-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                                | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                                | CUSIP: 645918Z89<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000898.90   | 0.05%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                        | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1086504.50   | 0.05%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                                                     | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                                   | CUSIP: 74442PFT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4065719.20   | 0.20%             | 2037-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fulton (County of), GA Development Authority (Wellstar Health System, Inc.)                                                                           | Fulton (County of), GA Development Authority (Wellstar Health System, Inc.), Series 2017, RAC                                                          | CUSIP: 36005GAR4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1911570.10   | 0.09%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Building Authority (Facilities Program)                                                                                           | Michigan (State of) Building Authority (Facilities Program), Series 2015 I, Ref. RB                                                                    | CUSIP: 594615JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $619169.39    | 0.03%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                       | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                  | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9027866.70   | 0.44%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                                  | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GQV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125098.40   | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Housing Development Authority                                                                                              | Virginia (Commonwealth of) Housing Development Authority, Series 2013 F, RB                                                                            | CUSIP: 92812Q8A8<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    730000 | PA      | $730058.98    | 0.04%             | 2043-10-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                                                                                             | Kalispel Tribe of Indians, Series 2018 B, RB                                                                                                           | CUSIP: 48340PAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101772.10    | 0.00%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Lifespace Communities, Inc.)                                                                                       | Iowa (State of) Finance Authority (Lifespace Communities, Inc.), Series 2021, Ref. RB                                                                  | CUSIP: 46247SBK9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1482036.99   | 0.07%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group)                                                                  | Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group), Series 2024, Ref. RB                                             | CUSIP: 14043FAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $790535.51    | 0.04%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                                                                                             | Tulsa Municipal Airport Trust Trustees/OK, Series 2025, RB                                                                                             | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3282575.40   | 0.16%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                                                               | Tobacco Securitization Authority of Southern California, Series 2019, RB                                                                               | CUSIP: 888804CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $975366.62    | 0.05%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Central Florida Preparatory School Project)                                                                                  | Capital Trust Authority (Central Florida Preparatory School Project), Series 2024, RB                                                                  | CUSIP: 14054WAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2700110.80   | 0.13%             | 2040-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lee (County of), AL Public Building Authority (DHR Building)                                                                                          | Lee (County of), AL Public Building Authority (DHR Building), Series 2006, Revenue Wts.                                                                | CUSIP: 52343PAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10007.13     | 0.00%             | 2025-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                                    | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                  | CUSIP: 392274Z82<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5181586.00   | 0.25%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.)                                                                  | Palm Beach (County of), FL Health Facilities Authority (Lifespace Communities, Inc.), Series 2018 B, RB                                                | CUSIP: 696507UF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $415608.68    | 0.02%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.)                                                          | Wisconsin (State of) Public Finance Authority (Goodwill Industries of Southern Nevada, Inc.), Series 2019 A, RB                                        | CUSIP: 74442PLR4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1806822 | PA      | $1605864.55   | 0.08%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                 | Children's Trust Fund, Series 2005 A, RB                                                                                                               | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  52200000 | PA      | $9513648.36   | 0.46%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                                            | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                     | CUSIP: 497609BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2672740.83   | 0.13%             | 2032-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds                                                                                                 | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   8152000 | PA      | $5525534.02   | 0.27%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Chicago Works)                                                                                                                 | Chicago (City of), IL (Chicago Works), Series 2023 A, GO Bonds                                                                                         | CUSIP: 167486P78<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2044347.46   | 0.10%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (19th Judicial District Court Building)                                                              | Louisiana (State of) Public Facilities Authority (19th Judicial District Court Building), Series 2015, Ref. RB                                         | CUSIP: 5463982F4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1405000.01   | 0.07%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                                                 | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2019, RB                                                                 | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4926461.00   | 0.24%             | 2029-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp.                                                                                                  | Virgin Islands Transportation & Infrastructure Corp., Series 2025, RB                                                                                  | CUSIP: 927686AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1748376.00   | 0.09%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wildwood (City of), FL Village Community Development Disctrict No. 15                                                                                 | Wildwood (City of), FL Village Community Development Disctrict No. 15, Series 2023, RB                                                                 | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $996040.88    | 0.05%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Stephenson County School District No 145 Freeport                                                                                                     | Stephenson County School District No 145 Freeport, Series 2018, GO Bonds                                                                               | CUSIP: 858892RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $692459.53    | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                                                                                       | Clear Creek Transit Metropolitan District No. 2, Series 2021 A, GO Bonds                                                                               | CUSIP: 184542AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $366992.56    | 0.02%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                         | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, Ref. RB                                  | CUSIP: 79766DNL9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1373633.43   | 0.07%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Series 2024 A, Ref. RB                                                                                                     | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5257260.00   | 0.26%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. I                                                                                                      | Texas Municipal Gas Acquisition & Supply Corp. I, Series 2008 D, RB                                                                                    | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4215873.46   | 0.21%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                                           | Military Installation Development Authority, Series 2021 A-2, RB                                                                                       | CUSIP: 599772AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4833201.45   | 0.24%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                         | Denver (City & County of), CO, Series 2018 A-2, RB                                                                                                     | CUSIP: 24917DBN2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $782556.10    | 0.04%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                                               | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                          | CUSIP: 044293BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $458648.46    | 0.02%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The))                                                                | Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)), Series 2016, Ref. RB                                           | CUSIP: 72177MRJ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25010.97     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                                                | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                                | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6517462.20   | 0.32%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2016, GO Bonds                                                                                                             | CUSIP: 452152N49<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5368249.08   | 0.26%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds)                                                                    | Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds), Series 2023, RB                                                    | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2528657.00   | 0.12%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                                       | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                  | CUSIP: 87638RKJ5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    830000 | PA      | $804335.65    | 0.04%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                                             | CUSIP: 888809BD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12505012.50  | 0.61%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Water)                                                                                                                       | Baltimore (City of), MD (Water), Series 2017 A, RB                                                                                                     | CUSIP: 05922KYT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155819.12   | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                                                                                                   | North Dakota Housing Finance Agency, Series 2025, RB                                                                                                   | CUSIP: 65889BCB8<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   6755000 | PA      | $6698116.82   | 0.33%             | 2037-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                      | New York & New Jersey (States of) Port Authority, Two Hundred Forty Five Series 2024, Ref. RB                                                          | CUSIP: 73358XNA6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047162.20   | 0.05%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Subseries 2021 A-1, Ref. RB                                                                                                | CUSIP: 59335KDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2602092.63   | 0.13%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                            | California (State of) County Tobacco Securitization Agency, Series 2020 A, Ref. RB                                                                     | CUSIP: 13016NEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $401043.07    | 0.02%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stephenson County School District No 145 Freeport                                                                                                     | Stephenson County School District No 145 Freeport, Series 2018, GO Bonds                                                                               | CUSIP: 858892QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $205349.51    | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   7456713 | PA      | $4483348.60   | 0.22%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bolingbrook (Village of), IL Special Service Area No. 2005-1                                                                                          | Bolingbrook (Village of), IL Special Service Area No. 2005-1, Series 2019, Ref. RB                                                                     | CUSIP: 09755MAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1656585.24   | 0.08%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                                                 | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2012 A, RB                                               | CUSIP: 93978HFR1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120219.74    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                                            | Texas (State of) Transportation Commission, Series 2019, RB                                                                                            | CUSIP: 88283NAF9<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $917549.85    | 0.04%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Franklin Academy)                                                                                                         | Capital Trust Agency, Inc. (Franklin Academy), Series 2020, RB                                                                                         | CUSIP: 14054DAJ6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1062409.87   | 0.05%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) School Building Authority                                                                                             | Massachusetts (Commonwealth of) School Building Authority, Series 2018 B, RB                                                                           | CUSIP: 576000WF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10735000 | PA      | $10270738.09  | 0.50%             | 2039-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                 | Chicago (City of), IL, Series 2021 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486M48<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2370771.50   | 0.12%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                             | CUSIP: 888808HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5104487.00   | 0.25%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                              | Chicago (City of), IL Board of Education, Series 2012 A, GO Bonds                                                                                      | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   6730000 | PA      | $6106443.96   | 0.30%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing)                      | New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing), Series 2015 A, RB    | CUSIP: 64577BHU1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248749.45    | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver (City of), WA Downtown Redevelopment Authority (Conference Center)                                                                          | Vancouver (City of), WA Downtown Redevelopment Authority (Conference Center), Series 2013, Ref. RB                                                     | CUSIP: 921624BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60014.63     | 0.00%             | 2044-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (International Leadership of Texas)                                                                            | Clifton Higher Education Finance Corp. (International Leadership of Texas), Series 2015 A, RB                                                          | CUSIP: 187145DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500241.65    | 0.02%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                                    | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                             | CUSIP: 939783WQ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    830000 | PA      | $667620.71    | 0.03%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                                                | New York (City of), NY, Series 2024 C-1, GO Bonds                                                                                                      | CUSIP: 64966SHF6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2615344.50   | 0.13%             | 2046-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (ACTS Retirement-Life Community)                                                                        | Wisconsin (State of) Public Finance Authority (ACTS Retirement-Life Community), Series 2020 A, RB                                                      | CUSIP: 74446CAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $574650.12    | 0.03%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska (State of) Municipal Bond Bank Authority (Tanana Chiefs Conference)                                                                            | Alaska (State of) Municipal Bond Bank Authority (Tanana Chiefs Conference), Series 2015-3, Ref. RB                                                     | CUSIP: 01179RNC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4575000 | PA      | $4578584.51   | 0.22%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                        | Vauxmont Metropolitan District, Series 2020, Ref. GO Bonds                                                                                             | CUSIP: 92242SBB8<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    255000 | PA      | $269066.08    | 0.01%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds)                                                                          | New Memphis Arena Public Building Authority (City of Memphis) (Social Bonds), Series 2021, RB                                                          | CUSIP: 64704CAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $755062.96    | 0.04%             | 2037-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                                                                                              | Build NYC Resource Corp., Series 2022, RB                                                                                                              | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253831.08    | 0.01%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2016, GO Bonds                                                                                                             | CUSIP: 452152L82<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2150349.58   | 0.11%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds)                                                                        | Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds), Series 2024, RB                                                        | CUSIP: 59447NAZ9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031910.80   | 0.05%             | 2042-02-28      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No. 3                                                                                                                 | Transport Metropolitan District No. 3, Series 2021 A-1, GO Bonds                                                                                       | CUSIP: 89386FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $723612.97    | 0.04%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                            | Metropolitan Washington Airports Authority, Series 2020 A, Ref. RB                                                                                     | CUSIP: 592647HU8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   5445000 | PA      | $5144529.65   | 0.25%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp.                                                                                              | Texas Private Activity Bond Surface Transportation Corp., Series 2023, Ref. RB                                                                         | CUSIP: 882667CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3204839.72   | 0.16%             | 2039-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust II                                                                                                                    | New York Counties Tobacco Trust II, Series 2001, RB                                                                                                    | CUSIP: 62947VAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3815867.01   | 0.19%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                       | Massachusetts (Commonwealth of), Series 2016 G, GO Bonds                                                                                               | CUSIP: 57582RLH7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2977208.10   | 0.15%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                                                    | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                                    | CUSIP: 93976AEM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2372287.04   | 0.12%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO                                                                                                                             | Kansas City (City of), MO, Series 2017 C, Ref. RB                                                                                                      | CUSIP: 485106SB5<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1909422.37   | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                                               | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                          | CUSIP: 64542UDQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1214745.68   | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System)                                                        | New Orleans (City of), LA Aviation Board (Parking Facilities Corp. Consolidated Garage System), Series 2018 B, Ref. RB                                 | CUSIP: 64763KAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103677.76    | 0.01%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.)                                                                     | Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.), Series 2016, Ref. RB                                                | CUSIP: 62551PCT2<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295338.19    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                         | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1442503 | PA      | $1480763.95   | 0.07%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                                                                                              | University of Washington, Series 2020 A, RB                                                                                                            | CUSIP: 91523NTW6<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5248357.39   | 0.26%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 119)                                                                                   | Kentucky (Commonwealth of) Property & Building Commission (No. 119), Series 2018, RB                                                                   | CUSIP: 49151FZD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104631.86    | 0.01%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent Living II, Inc.)                                          | Kentucky (Commonwealth of) Economic Development Finance Authority (Masonic Home Independent Living II, Inc.), Series 2016 A, Ref. RB                   | CUSIP: 49126PFF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1779063.40   | 0.09%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                                           | Military Installation Development Authority, Series 2021 A-1, RB                                                                                       | CUSIP: 599772AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $460704.95    | 0.02%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allen (County of), IN (Evergreen Village Fort Wayne)                                                                                                  | Allen (County of), IN (Evergreen Village Fort Wayne), Series 2019, RB                                                                                  | CUSIP: 01752PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $562669.03    | 0.03%             | 2039-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Howard (County of), MD (Downtown Columbia)                                                                                                            | Howard (County of), MD (Downtown Columbia), Series 2017 A, RB                                                                                          | CUSIP: 442599AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954406.20    | 0.05%             | 2034-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Indio (City of), CA Community Facilities District No. 2004-3 (Improvement Area No. 1)                                                                 | Indio (City of), CA Community Facilities District No. 2004-3 (Improvement Area No. 1), Series 2015, Ref. RB                                            | CUSIP: 455697DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $911951.31    | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Convention Enterprises, Inc.                                                                                                                   | Austin Convention Enterprises, Inc., Series 2017, Ref. RB                                                                                              | CUSIP: 052409DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1203138.96   | 0.06%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                                   | Illinois (State of), Series 2020, GO Bonds                                                                                                             | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2570091.87   | 0.13%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Savannah (City of), GA Hospital Authority (St. Josephs Candler Health System)                                                                         | Savannah (City of), GA Hospital Authority (St. Josephs Candler Health System), Series 2019 A, Ref. RB                                                  | CUSIP: 804833FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2722378.50   | 0.13%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Interquest South Business Improvement District                                                                                                        | Interquest South Business Improvement District, Series 2017, GO Bonds                                                                                  | CUSIP: 46072EAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $121646.58    | 0.01%             | 2030-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (PPL Energy Supply, LLC)                                                      | Pennsylvania (Commonwealth of) Economic Development Financing Authority (PPL Energy Supply, LLC), Series 2009, Ref. RB                                 | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5225000 | PA      | $5232917.44   | 0.26%             | 2027-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                                                                                                     | Inglewood Unified School District, Series 2019 C, GO Bonds                                                                                             | CUSIP: 457110MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972891.60    | 0.05%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                             | New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB                                                                      | CUSIP: 6461364D0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086510.40   | 0.10%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                                                                                          | Clark County School District, Series 2025, GO Bonds                                                                                                    | CUSIP: 1810596M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7648835.00   | 0.37%             | 2045-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Edmond Public Works Authority                                                                                                                         | Edmond Public Works Authority, Series 2017, RB                                                                                                         | CUSIP: 28112NJA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4495000 | PA      | $4512626.24   | 0.22%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                                                  | Babcock Ranch Community Independent Special District, Series 2024, RB                                                                                  | CUSIP: 05616KBU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $829350.64    | 0.04%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development)                                                    | Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development), Series 2018, RB                                    | CUSIP: 591874AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $427004.64    | 0.02%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Universal Academy)                                                                                          | Arlington Higher Education Finance Corp. (Universal Academy), Series 2014 A, RB                                                                        | CUSIP: 041806AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $825395.59    | 0.04%             | 2029-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New Rochelle (City of), NY (Iona College)                                                                                                             | New Rochelle (City of), NY (Iona College), Series 2015 A, Ref. RB                                                                                      | CUSIP: 648535AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350201.71    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Social Bonds)                                                                                   | New Jersey (State of) Economic Development Authority (Social Bonds), Series 2021 QQQ, RB                                                               | CUSIP: 64577XCP9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937385.30    | 0.05%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.)                                                    | Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2020 A, RB                                  | CUSIP: 54659LCA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1364911.50   | 0.07%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                                                                | North Carolina Medical Care Commission, Series 2025, RB                                                                                                | CUSIP: 65820YTU0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    810000 | PA      | $810610.09    | 0.04%             | 2030-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4)                                                                            | Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2021 A, Ref. RB                                                     | CUSIP: 6262077F5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    480000 | PA      | $440586.96    | 0.02%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (St. Ann's Community)                                                                                      | Monroe County Industrial Development Corp. (St. Ann's Community), Series 2019, Ref. RB                                                                 | CUSIP: 61075TUF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1168994.27   | 0.06%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                            | Miami-Dade (County of), FL, Series 2021, RB                                                                                                            | CUSIP: 59334DPQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5120000 | PA      | $4720758.27   | 0.23%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lenexa (City of), KS (Lakeview Village, Inc.)                                                                                                         | Lenexa (City of), KS (Lakeview Village, Inc.), Series 2018 A, Ref. RB                                                                                  | CUSIP: 526039DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1463577.60   | 0.07%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (New York State Electric & Gas Corp.)                                                             | New Hampshire (State of) Business Finance Authority (New York State Electric & Gas Corp.), Series 2022 A, Ref. RB                                      | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2304338.03   | 0.11%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                    | Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB                                                                                             | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10785000 | PA      | $10353908.45  | 0.51%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                                    | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                    | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595863.05   | 0.08%             | 2032-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                                                                           | Virginia Small Business Financing Authority, Series 2022, RB                                                                                           | CUSIP: 928104PK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4100264.40   | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ                                                                                                                                | Glendale (City of), AZ, Series 2015, Ref. RB                                                                                                           | CUSIP: 378325BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001449.40   | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                                                                                                | Lewisville Independent School District, Series 2024, GO Bonds                                                                                          | CUSIP: 52882PGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2401506.00   | 0.12%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                                                    | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB                                                                 | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1928911 | PA      | $1815544.07   | 0.09%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Matteson (Village of), IL                                                                                                                             | Matteson (Village of), IL, Series 2015, RB                                                                                                             | CUSIP: 577117AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1919844.94   | 0.09%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                                                            | Philadelphia (City of), PA, Series 2020 A, Ref. RB                                                                                                     | CUSIP: 717817VD9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4826701.50   | 0.24%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX (United Airlines, Inc.)                                                                                                         | Houston (City of), TX (United Airlines, Inc.), Series 2021 B-1, RB                                                                                     | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13006432.50  | 0.64%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer