# EDGAR Filing Document

**Accession Number:** 0001112996
**File Stem:** 0001752724-25-183701
**Filing Date:** 2025-7
**Character Count:** 537208
**Document Hash:** f5c96a649702176742a28b31215f8472
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183701.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183701

**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**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
- **CENTRAL INDEX KEY:** 0001112996

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09913
- **FILM NUMBER:** 251166452

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 713-626-1919

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES TRUST
- **DATE OF NAME CHANGE:** 20040322

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES FUNDS
- **DATE OF NAME CHANGE:** 20031126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM COUNSELOR SERIES FUNDS INC
- **DATE OF NAME CHANGE:** 20031001

## Series and Classes Contracts Data

### Invesco Short Duration High Yield Municipal Fund (Series ID: S000051015)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000160735 | Class A      |  |
| C000160736 | Class C      |  |
| C000160737 | Class Y      |  |
| C000160738 | Class R5     |  |
| C000188892 | Class R6     |  |

## Nport-Ex

**Schedule of Investments** 

*May 31, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–98.81%** | **Municipal Obligations–98.81%** | **Municipal Obligations–98.81%** | **Municipal Obligations–98.81%** | **Municipal Obligations–98.81%** |
| **Alabama–2.07%** | **Alabama–2.07%** | **Alabama–2.07%** | **Alabama–2.07%** | **Alabama–2.07%** |
| &nbsp;&nbsp;&nbsp; Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the <br> Aging); Series 2016, RB<br>| 5.25% | 06/01/2025 | $305 | &nbsp;&nbsp; $305000 |
| Black Belt Energy Gas District (The) (Gas); Series 2022 F, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2028 | 2500 | &nbsp;&nbsp; 2607153 |
| Energy Southeast, A Cooperative District; Series 2024 B, RB<sup>(a)</sup> <br>| 5.25% | 06/01/2032 | 1500 | &nbsp;&nbsp; 1588128 |
| Fairfield (City of), AL; Series 2012, GO Wts. | 6.00% | 06/01/2031 | 2765 | &nbsp;&nbsp; 2488500 |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB (Acquired 12/29/2015; Cost $90,000)<sup>(b)(c)</sup> <br>| 5.50% | 01/01/2028 | 90 | &nbsp;&nbsp; 49500 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 3.50% | 07/01/2026 | 5023 | &nbsp;&nbsp; 2762366 |
| Jefferson (County of), AL; Series 2024, Ref. Revenue Wts. | 5.25% | 10/01/2044 | 1500 | &nbsp;&nbsp; 1539734 |
| Mobile (City of), AL Improvement District (McGowin Park); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 08/01/2025 | 180 | &nbsp;&nbsp; 180204 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.25% | 08/01/2030 | 200 | &nbsp;&nbsp; 201695 |
| Southeast Energy Authority, A Cooperative District (No. 2); Series 2021 B, RB<sup>(a)</sup> <br>| 4.00% | 12/01/2031 | 5390 | &nbsp;&nbsp; 5273521 |
| Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2029 | 5000 | &nbsp;&nbsp; 5276154 |
| Talladega (County of), AL; Series 2002 D, Tax Anticipation Wts. (INS - NATL)<sup>(d)</sup> <br>| 5.25% | 01/01/2029 | 25 | &nbsp;&nbsp; 25040 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(e)</sup> <br>| 5.25% | 05/01/2044 | 4000 | &nbsp;&nbsp; 3940964 |
|  |  |  |  | &nbsp;&nbsp; 26237959 |
| **American Samoa–0.08%** | **American Samoa–0.08%** | **American Samoa–0.08%** | **American Samoa–0.08%** | **American Samoa–0.08%** |
| American Samoa (Territory of) Economic Development Authority; Series 2015 A, Ref. RB | 6.25% | 09/01/2029 | 1000 | &nbsp;&nbsp; 1006670 |
| **Arizona–3.88%** | **Arizona–3.88%** | **Arizona–3.88%** | **Arizona–3.88%** | **Arizona–3.88%** |
| Arizona (State of) Industrial Development Authority (ACCEL Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 4.63% | 08/01/2028 | 825 | &nbsp;&nbsp; 821213 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 08/01/2033 | 1955 | &nbsp;&nbsp; 1956335 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (American Charter Schools Foundation); <br> Series 2017, Ref. RB<sup>(e)</sup> <br>| 6.00% | 07/01/2047 | 1385 | &nbsp;&nbsp; 1401443 |
| Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | 210 | &nbsp;&nbsp; 210790 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red <br> Rock Campus); Series 2019, RB<br>| 3.55% | 07/15/2029 | 485 | &nbsp;&nbsp; 468179 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); Series 2016, <br> RB<sup>(e)</sup> <br>| 5.75% | 07/01/2036 | 1400 | &nbsp;&nbsp; 1412677 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado); <br> Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 4520 | &nbsp;&nbsp; 4290600 |
| Arizona (State of) Industrial Development Authority (Linder Village); Series 2020, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2031 | 7045 | &nbsp;&nbsp; 6992956 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, <br> Inspirada and St. Rose Campus Projects); Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 07/15/2028 | 615 | &nbsp;&nbsp; 620862 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone <br> Mountain Campus); Series 2019 A, IDR<sup>(e)</sup> <br>| 5.00% | 12/15/2039 | 400 | &nbsp;&nbsp; 389931 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2022-1, RB<sup>(a)(f)</sup> <br>| 5.00% | 09/01/2027 | 2000 | &nbsp;&nbsp; 2037761 |
| Greater Arizona Development Authority; Series 2007 A, RB (INS - NATL)<sup>(d)</sup> <br>| 4.38% | 08/01/2032 | 5 | &nbsp;&nbsp; 5003 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School); <br> Series 2018, RB<sup>(e)</sup> <br>| 4.80% | 07/01/2028 | 2295 | &nbsp;&nbsp; 2328970 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); <br> Series 2019, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 2250 | &nbsp;&nbsp; 2253105 |
| Maricopa (County of), AZ Industrial Development Authority (Valley Christian Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2033 | 725 | &nbsp;&nbsp; 715802 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(e)</sup> <br>| 6.00% | 07/01/2043 | 1885 | &nbsp;&nbsp; 1824504 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The); Series 2016 A, Ref. <br> RB<sup>(e)</sup> <br>| 5.00% | 07/01/2035 | 2900 | &nbsp;&nbsp; 2900599 |
| &nbsp;&nbsp;&nbsp; Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools); <br> Series 2015, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2035 | 3365 | &nbsp;&nbsp; 3365698 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); <br> Series 2016, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2026 | 120 | &nbsp;&nbsp; 120053 |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)); Series 2019, RB | 4.13% | 07/01/2029 | 130 | &nbsp;&nbsp; 125512 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); <br> Series 2015, Ref. RB<sup>(e)</sup> <br>| 5.38% | 06/15/2035 | $3370 | &nbsp;&nbsp; $3371137 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools); <br> Series 2013 Q, Ref. RB<br>| 5.38% | 07/01/2031 | 3955 | &nbsp;&nbsp; 3955011 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools); <br> Series 2020, Ref. RB<sup>(e)</sup> <br>| 4.75% | 05/01/2030 | 1300 | &nbsp;&nbsp; 1291679 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy); <br> Series 2018, RB<sup>(e)</sup> <br>| 4.13% | 07/01/2026 | 265 | &nbsp;&nbsp; 263116 |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2029 | 300 | &nbsp;&nbsp; 301361 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2034 | 400 | &nbsp;&nbsp; 400275 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 500 | &nbsp;&nbsp; 476505 |
| Sierra (City of), AZ Vista Industrial Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.25% | 06/01/2034 | 1645 | &nbsp;&nbsp; 1621799 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.88% | 06/01/2044 | 1500 | &nbsp;&nbsp; 1428299 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project); <br> Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2034 | 1730 | &nbsp;&nbsp; 1765608 |
|  |  |  |  | &nbsp;&nbsp; 49116783 |
| **Arkansas–1.35%** | **Arkansas–1.35%** | **Arkansas–1.35%** | **Arkansas–1.35%** | **Arkansas–1.35%** |
| Arkansas (State of) Development Finance Authority (Big River Steel); Series 2019, RB<sup>(e)(f)</sup> <br>| 4.50% | 09/01/2049 | 2000 | &nbsp;&nbsp; 1964670 |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds); Series 2020, <br> RB<sup>(e)(f)</sup> <br>| 4.75% | 09/01/2049 | 7370 | &nbsp;&nbsp; 7222373 |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(f)</sup> <br>| 5.45% | 09/01/2052 | 8000 | &nbsp;&nbsp; 7963682 |
|  |  |  |  | &nbsp;&nbsp; 17150725 |
| **California–6.39%** | **California–6.39%** | **California–6.39%** | **California–6.39%** | **California–6.39%** |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, RB<sup>(a)</sup> <br>| 4.00% | 08/01/2028 | 16065 | &nbsp;&nbsp; 16087803 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2032 | 5000 | &nbsp;&nbsp; 5144128 |
| &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 | 115 | &nbsp;&nbsp; 115870 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding <br> Corp.); Series 2002 A, RB<br>| 5.88% | 06/01/2043 | 610 | &nbsp;&nbsp; 610690 |
| California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB | 4.38% | 09/20/2036 | 2457 | &nbsp;&nbsp; 2436146 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(a)(e)(f)</sup> <br>| 9.50% | 01/01/2035 | 5000 | &nbsp;&nbsp; 4846358 |
| California (State of) Municipal Finance Authority (Ascent 613); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2038 | 1000 | &nbsp;&nbsp; 979348 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2040 | 500 | &nbsp;&nbsp; 480710 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Bella Mente Montessori Academy); Series 2018 <br> A, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2038 | 3345 | &nbsp;&nbsp; 3300014 |
| California (State of) Municipal Finance Authority (Waste Management, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(a)(f)</sup> <br>| 3.85% | 06/01/2026 | 1500 | &nbsp;&nbsp; 1500184 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(a)(f)</sup> <br>| 4.13% | 10/01/2025 | 4000 | &nbsp;&nbsp; 3999954 |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 09/15/2017-02/12/2019; Cost $5,125,317)<sup>(b)(c)(e)(f)</sup> <br>| 7.50% | 07/01/2032 | 4950 | &nbsp;&nbsp; 50 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB (Acquired 10/06/2020; Cost $955,203)<sup>(b)(c)(e)(f)</sup> <br>| 7.50% | 07/01/2032 | 1000 | &nbsp;&nbsp; 10 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); Series 2012, RB<sup>(e)(f)</sup> <br>| 5.00% | 07/01/2037 | 2000 | &nbsp;&nbsp; 1999857 |
| &nbsp;&nbsp;&nbsp; California (State of) Public Finance Authority (California University of Science and Medicine); <br> Series 2019 A, RB<sup>(e)</sup> <br>| 6.25% | 07/01/2054 | 6100 | &nbsp;&nbsp; 6250741 |
| California (State of) Public Finance Authority (Trinity Classical Academy); Series 2019 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2026 | 40 | &nbsp;&nbsp; 39743 |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(e)</sup> <br>| 5.00% | 08/01/2033 | 695 | &nbsp;&nbsp; 717658 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(e)</sup> <br>| 5.25% | 08/01/2038 | 500 | &nbsp;&nbsp; 506152 |
| California (State of) Statewide Communities Development Authority; Series 2025, RB | 3.54% | 02/20/2041 | 5000 | &nbsp;&nbsp; 4456793 |
| California (State of) Statewide Communities Development Authority (California Baptist University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.13% | 11/01/2040 | 1650 | &nbsp;&nbsp; 1656799 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.38% | 11/01/2045 | 275 | &nbsp;&nbsp; 276745 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **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 | 5.50% | 12/01/2054 | $8988 | &nbsp;&nbsp; $8767608 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2056 | 3000 | &nbsp;&nbsp; 2913040 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.50% | 12/01/2058 | 3000 | &nbsp;&nbsp; 2926766 |
| Fresno (City of), CA; Series 2023 A, Ref. RB (INS - BAM)<sup>(d)(f)</sup> <br>| 5.00% | 07/01/2048 | 2000 | &nbsp;&nbsp; 1980697 |
| Palomar Health; Series 2016, Ref. RB | 4.00% | 11/01/2039 | 1250 | &nbsp;&nbsp; 916093 |
| Pomona Unified School District; Series 2021 F, GO Bonds (INS - BAM)<sup>(d)</sup> <br>| 3.00% | 08/01/2048 | 1000 | &nbsp;&nbsp; 743077 |
| Sacramento (County of), CA (Juvenile Courthouse); Series 2003, COP (INS - AMBAC)<sup>(d)</sup> <br>| 5.00% | 12/01/2034 | 5405 | &nbsp;&nbsp; 5411676 |
| West Covina (City of), CA Public Financing Authority (Big League Dreams); Series 2006 A, RB | 5.00% | 06/01/2030 | 1965 | &nbsp;&nbsp; 1968097 |
|  |  |  |  | &nbsp;&nbsp; 81032807 |
| **Colorado–6.53%** | **Colorado–6.53%** | **Colorado–6.53%** | **Colorado–6.53%** | **Colorado–6.53%** |
| 3rd and Havana Metropolitan District; Series 2020 A, GO Bonds | 4.50% | 12/01/2030 | 2240 | &nbsp;&nbsp; 2081128 |
| Amber Creek Metropolitan District; Series 2017 A, Ref. GO Bonds | 5.00% | 12/01/2037 | 678 | &nbsp;&nbsp; 605128 |
| Brighton Crossing Metropolitan District No. 6; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2035 | 525 | &nbsp;&nbsp; 521832 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, GO Bonds | 5.00% | 12/01/2040 | 515 | &nbsp;&nbsp; 489445 |
| Canyon Pines Metropolitan District; Series 2024, GO Bonds<sup>(e)</sup> <br>| 8.25% | 12/01/2053 | 5000 | &nbsp;&nbsp; 4842268 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2020 A, Ref. GO Bonds | 4.00% | 12/01/2029 | 1115 | &nbsp;&nbsp; 1088352 |
| Colliers Hill Metropolitan District No. 2; Series 2022 B-2, GO Bonds | 7.63% | 12/15/2042 | 2000 | &nbsp;&nbsp; 2009051 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy); <br> Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.25% | 04/01/2039 | 2500 | &nbsp;&nbsp; 2505764 |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 05/15/2035 | 4035 | &nbsp;&nbsp; 3615427 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 05/15/2044 | 1170 | &nbsp;&nbsp; 896288 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 2.63% | 05/15/2029 | 1125 | &nbsp;&nbsp; 1076994 |
| Colorado (State of) Health Facilities Authority (Volunteers of America Care); Series 2007 A, RB | 5.30% | 07/01/2037 | 335 | &nbsp;&nbsp; 335546 |
| Colorado (State of) International Center Metropolitan District No. 14; Series 2018, GO Bonds | 5.63% | 12/01/2032 | 996 | &nbsp;&nbsp; 995922 |
| Copper Ridge Metropolitan District; Series 2019, RB | 5.00% | 12/01/2043 | 2750 | &nbsp;&nbsp; 2497468 |
| Copperleaf Metropolitan District No. 6; Series 2022 B, GO Bonds | 6.00% | 12/15/2041 | 1225 | &nbsp;&nbsp; 1219197 |
| Denver (City & County of), CO (United Airlines, Inc.); Series 2017, Ref. RB<sup>(f)</sup> <br>| 5.00% | 10/01/2032 | 1000 | &nbsp;&nbsp; 999336 |
| Denver (City & County of), CO Health & Hospital Authority; Series 2025 A, RB | 5.00% | 12/01/2045 | 500 | &nbsp;&nbsp; 487197 |
| Denver Gateway Center Metropolitan District; Series 2018 A, GO Bonds | 5.50% | 12/01/2038 | 1343 | &nbsp;&nbsp; 1322446 |
| Dominion Water & Sanitation District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 12/01/2027 | 1659 | &nbsp;&nbsp; 1670014 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.25% | 12/01/2032 | 3415 | &nbsp;&nbsp; 3465272 |
| Elbert & Highway 86 Commercial Metropolitan District; Series 2021 A, Ref. GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2041 | 1700 | &nbsp;&nbsp; 1614361 |
| Frisco (Town of), CO (Marina Enterprise); Series 2019, RB | 5.00% | 12/01/2036 | 600 | &nbsp;&nbsp; 584012 |
| Granby Ranch Metropolitan District; Series 2018, Ref. GO Bonds<sup>(e)</sup> <br>| 4.88% | 12/01/2028 | 460 | &nbsp;&nbsp; 459025 |
| Hess Ranch Metropolitan District No. 5; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, RB | 6.00% | 12/01/2043 | 478 | &nbsp;&nbsp; 478226 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-2, RB | 6.50% | 12/01/2043 | 300 | &nbsp;&nbsp; 300000 |
| Jefferson (County of), CO Center Metropolitan District No. 1; Series 2020 B, Ref. RB | 5.75% | 12/15/2050 | 5499 | &nbsp;&nbsp; 5489969 |
| Kinston Metropolitan District No. 5; Series 2020 A, GO Bonds | 4.63% | 12/01/2035 | 1000 | &nbsp;&nbsp; 951225 |
| Midtown Metropoltan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2033 | 1000 | &nbsp;&nbsp; 981775 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. GO Bonds | 6.75% | 12/01/2051 | 1000 | &nbsp;&nbsp; 1026280 |
| Morgan Hill Metropolitan District No. 3; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 3.00% | 12/01/2031 | 980 | &nbsp;&nbsp; 832787 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 3.50% | 12/01/2041 | 2940 | &nbsp;&nbsp; 2172557 |
| Mulberry Metropolitan District No. 2; Series 2022, RB | 7.00% | 12/01/2034 | 6000 | &nbsp;&nbsp; 6102260 |
| Nine Mile Metropolitan District; Series 2020, RB | 4.63% | 12/01/2030 | 1855 | &nbsp;&nbsp; 1852308 |
| Parker Automotive Metropolitan District; Series 2023 B, Ref. GO Bonds | 8.25% | 12/15/2037 | 2225 | &nbsp;&nbsp; 2250888 |
| Parterre Metropolitan District No. 5; Series 2025 A, GO Bonds | 5.13% | 12/01/2035 | 885 | &nbsp;&nbsp; 908358 |
| Peak Metropolitan District No. 1; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2041 | 1670 | &nbsp;&nbsp; 1452751 |
| Plaza Metropolitan District No. 1; Series 2013, Ref. RB<sup>(e)</sup> <br>| 5.00% | 12/01/2040 | 1465 | &nbsp;&nbsp; 1432672 |
| Prairie Center Metropolitan District No. 7; Series 2021, GO Bonds | 6.38% | 06/15/2046 | 1330 | &nbsp;&nbsp; 1297612 |
| Rampart Range Metropolitan District No. 5; Series 2021, RB | 4.00% | 12/01/2036 | 1250 | &nbsp;&nbsp; 1158488 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Redtail Ridge Metropolitan District; Series 2025, GO Bonds<sup>(g)</sup> <br>| 0.00% | 12/01/2032 | $4000 | &nbsp;&nbsp; $2337605 |
| Riverpark Metropolitan District (County of Arapahoe); Series 2024, GO Bonds | 6.00% | 12/01/2042 | 1900 | &nbsp;&nbsp; 1863087 |
| Riverwalk Metropolitan District No. 2; Series 2022 A, RB | 4.50% | 12/01/2032 | 4000 | &nbsp;&nbsp; 3643140 |
| Rocky Mountain Rail Park Metropolitan District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2031 | 3445 | &nbsp;&nbsp; 3435800 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 5.00% | 12/01/2041 | 2000 | &nbsp;&nbsp; 1907609 |
| Sterling Ranch Community Authority Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 6.13% | 12/01/2039 | 550 | &nbsp;&nbsp; 559702 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.63% | 12/01/2043 | 852 | &nbsp;&nbsp; 852385 |
| Vauxmont Metropolitan District; Series 2019, Ref. GO Bonds (INS - AGI)<sup>(d)</sup> <br>| 3.25% | 12/15/2050 | 646 | &nbsp;&nbsp; 481210 |
| Verve Metropolitan District No. 1; Series 2023, GO Bonds | 5.75% | 12/01/2033 | 2895 | &nbsp;&nbsp; 2910318 |
| Villages at Castle Rock Metropolitan District No. 6; Series 2021 B, Ref. GO Bonds<sup>(e)</sup> <br>| 5.70% | 12/01/2051 | 166 | &nbsp;&nbsp; 151822 |
| Westerly Metropolitan District No. 4; Series 2021 A, GO Bonds | 4.13% | 12/01/2031 | 615 | &nbsp;&nbsp; 581905 |
|  |  |  |  | &nbsp;&nbsp; 82794212 |
| **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** | **Connecticut–0.08%** |
| Connecticut (State of) Health & Educational Facilities Authority; Series 2025 A, RB<sup>(e)</sup> <br>| 12.00% | 09/01/2030 | 1000 | &nbsp;&nbsp; 1023566 |
| **Delaware–0.11%** | **Delaware–0.11%** | **Delaware–0.11%** | **Delaware–0.11%** | **Delaware–0.11%** |
| Millsboro (Town of), DE (Plantation Lakes Special Development District); Series 2018, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2028 | 1336 | &nbsp;&nbsp; 1341977 |
| **District of Columbia–1.62%** | **District of Columbia–1.62%** | **District of Columbia–1.62%** | **District of Columbia–1.62%** | **District of Columbia–1.62%** |
| District of Columbia (Ingleside at Rock Creek); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 4.13% | 07/01/2027 | 495 | &nbsp;&nbsp; 493795 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1009760 |
| District of Columbia (Provident Group - Howard Properties LLC); Series 2013, RB | 5.00% | 10/01/2035 | 1285 | &nbsp;&nbsp; 1262057 |
| District of Columbia Tobacco Settlement Financing Corp.; Series 2001, RB | 6.75% | 05/15/2040 | 17230 | &nbsp;&nbsp; 17779036 |
|  |  |  |  | &nbsp;&nbsp; 20544648 |
| **Florida–10.18%** | **Florida–10.18%** | **Florida–10.18%** | **Florida–10.18%** | **Florida–10.18%** |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB<sup>(b)</sup> <br>| 5.63% | 11/15/2029 | 185 | &nbsp;&nbsp; 120250 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 06/04/2020; Cost $861,250)<sup>(b)(c)</sup> <br>| 6.00% | 11/15/2029 | 1000 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB (Acquired 01/17/2020; Cost $1,412,167)<sup>(b)(c)</sup> <br>| 6.00% | 11/15/2034 | 1500 | &nbsp;&nbsp; 975000 |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs); Series 2022 A, <br> Ref. RB (Acquired 01/25/2022; Cost $965,000)<sup>(b)(c)(e)</sup> <br>| 5.00% | 11/15/2061 | 965 | &nbsp;&nbsp; 692480 |
| Babcock Ranch Community Independent Special District; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2044 | 500 | &nbsp;&nbsp; 473915 |
| Boggy Creek Improvement District; Series 2023, Ref. RB | 4.50% | 05/01/2033 | 935 | &nbsp;&nbsp; 945567 |
| Broward (County of), FL; Series 2015 A, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2045 | 10000 | &nbsp;&nbsp; 9842997 |
| Capital Projects Finance Authority (Kissimmee Charter Academy); Series 2024, RB<sup>(e)</sup> <br>| 6.13% | 06/15/2044 | 150 | &nbsp;&nbsp; 152516 |
| Capital Projects Finance Authority (Millenia Orlando); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(e)</sup> <br>| 6.00% | 01/01/2035 | 2250 | &nbsp;&nbsp; 2251410 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(e)</sup> <br>| 6.38% | 01/01/2040 | 4310 | &nbsp;&nbsp; 4245556 |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority (Navigator Academy of Leadership Obligated Group); <br> Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/15/2044 | 1760 | &nbsp;&nbsp; 1634828 |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.); Series 2017, RB<sup>(e)</sup> <br>| 5.38% | 08/01/2032 | 1000 | &nbsp;&nbsp; 942280 |
| Capital Trust Agency, Inc. (H-Bay Ministries, Inc.- Superior Residences); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB (Acquired 06/15/2018; Cost $734,961)<sup>(b)(c)</sup> <br>| 4.00% | 07/01/2028 | 750 | &nbsp;&nbsp; 13125 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB (Acquired 06/15/2018; Cost $612,816)<sup>(b)(c)</sup> <br>| 4.25% | 07/01/2033 | 625 | &nbsp;&nbsp; 10938 |
| Capital Trust Agency, Inc. (Imagine School at North Manatee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2041 | 465 | &nbsp;&nbsp; 422411 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 3.25% | 06/01/2031 | 230 | &nbsp;&nbsp; 207645 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2041 | 1615 | &nbsp;&nbsp; 1467082 |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing); Series 2018 A, RB<sup>(e)</sup> <br>| 4.00% | 12/01/2028 | 6175 | &nbsp;&nbsp; 6142805 |
| Capital Trust Authority (Academir Charter Schools, Inc.); Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/01/2044 | 2000 | &nbsp;&nbsp; 1836571 |
| Capital Trust Authority (Central Florida Preparatory School Project); Series 2024, RB<sup>(e)</sup> <br>| 6.25% | 06/15/2040 | 3000 | &nbsp;&nbsp; 3005689 |
| Capital Trust Authority (Classical Academy of Sarasota (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 1475 | &nbsp;&nbsp; 1426755 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2044 | 1140 | &nbsp;&nbsp; 1047244 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Capital Trust Authority (Florida Institute of Technology); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 4.75% | 07/01/2040 | $1250 | &nbsp;&nbsp; $1195809 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2045 | 1250 | &nbsp;&nbsp; 1181876 |
| Capital Trust Authority (Imagine School At West Pasco Project); Series 2023, RB<sup>(e)</sup> <br>| 6.25% | 12/15/2043 | 2135 | &nbsp;&nbsp; 2084689 |
| Capital Trust Authority (KIPP Miami N Campus); Series 2024 A, RB<sup>(e)</sup> <br>| 5.63% | 06/15/2044 | 410 | &nbsp;&nbsp; 411698 |
| Capital Trust Authority (Plato Academy Schools); Series 2024, RB | 5.00% | 12/15/2044 | 3000 | &nbsp;&nbsp; 2808132 |
| Capital Trust Authority (St.Johns Classical Academy, Inc.); Series 2025, Ref. RB<sup>(e)</sup> <br>| 4.75% | 06/15/2040 | 815 | &nbsp;&nbsp; 760767 |
| &nbsp;&nbsp;&nbsp; Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities); Series 2019, <br> RB<sup>(e)(f)</sup> <br>| 5.00% | 10/01/2029 | 1330 | &nbsp;&nbsp; 1358735 |
| Creekview Community Development District (Phase 2); Series 2024, RB | 5.38% | 05/01/2044 | 2000 | &nbsp;&nbsp; 1906382 |
| East Nassau Stewardship District (PDP No. 4); Series 2024, RB | 5.25% | 05/01/2029 | 1350 | &nbsp;&nbsp; 1348397 |
| &nbsp;&nbsp;&nbsp; Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group); <br> Series 2020, Ref. RB<br>| 4.00% | 08/15/2050 | 2100 | &nbsp;&nbsp; 1707550 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development <br> District); Series 2024, RB<sup>(f)</sup> <br>| 5.15% | 05/01/2044 | 405 | &nbsp;&nbsp; 397077 |
| Florida Development Finance Corp.; Series 2023, RB<sup>(a)(e)(f)</sup> <br>| 6.13% | 07/01/2026 | 2000 | &nbsp;&nbsp; 2026118 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(a)(e)(f)</sup> <br>| 12.00% | 07/15/2028 | 3250 | &nbsp;&nbsp; 3374731 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2035 | 3705 | &nbsp;&nbsp; 3654629 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(d)(f)</sup> <br>| 5.00% | 07/01/2044 | 4000 | &nbsp;&nbsp; 3917862 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(a)(e)(f)</sup> <br>| 8.25% | 08/13/2025 | 9000 | &nbsp;&nbsp; 9164262 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, RB<sup>(a)(e)(f)</sup> <br>| 10.00% | 07/15/2028 | 2000 | &nbsp;&nbsp; 2043034 |
| Florida Development Finance Corp. (GFL Solid Waste Southeast LLC); Series 2024, RB<sup>(a)(e)(f)</sup> <br>| 4.38% | 10/01/2031 | 2500 | &nbsp;&nbsp; 2490175 |
| Florida Development Finance Corp. (IPS Florida LLC-Idea); Series 2022, RB<sup>(e)</sup> <br>| 5.25% | 06/15/2029 | 1000 | &nbsp;&nbsp; 993637 |
| Florida Development Finance Corp. (Mater Academy); Series 2020 A, RB | 5.00% | 06/15/2050 | 3000 | &nbsp;&nbsp; 2824534 |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.); Series 2023, RB<sup>(a)(e)</sup> <br>| 6.25% | 06/15/2028 | 3000 | &nbsp;&nbsp; 2962277 |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); Series 2020, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/15/2040 | 1045 | &nbsp;&nbsp; 956641 |
| Florida Housing Finance Corp.; Series 2024 3, RB (CEP - GNMA) | 6.25% | 01/01/2055 | 1245 | &nbsp;&nbsp; 1351329 |
| Gas Worx Community Development District; Series 2025, RB<sup>(e)</sup> <br>| 5.75% | 05/01/2045 | 1000 | &nbsp;&nbsp; 990557 |
| Lake (County of), FL (Lakeside at Waterman Village); Series 2020 A, Ref. RB | 5.50% | 08/15/2030 | 3375 | &nbsp;&nbsp; 3438501 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 07/15/2028 | 395 | &nbsp;&nbsp; 395817 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.38% | 07/15/2038 | 1300 | &nbsp;&nbsp; 1240698 |
| Lakes of Sarasota Community Development District; Series 2024 B, RB | 5.25% | 05/01/2034 | 2320 | &nbsp;&nbsp; 2298471 |
| Lakewood Ranch Stewardship District (Palm Grove); Series 2024, RB | 4.50% | 05/01/2031 | 550 | &nbsp;&nbsp; 550558 |
| Lee (County of), FL; Series 2024, RB<sup>(f)</sup> <br>| 5.25% | 10/01/2042 | 4510 | &nbsp;&nbsp; 4646346 |
| Lee (County of), FL Housing Finance Authority (Aria Landings); Series 2023 B, RB<sup>(a)(e)</sup> <br>| 5.50% | 07/01/2026 | 4965 | &nbsp;&nbsp; 4949314 |
| &nbsp;&nbsp;&nbsp; Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group); Series 2024 <br> B-3, RB<br>| 4.13% | 11/15/2029 | 1500 | &nbsp;&nbsp; 1500917 |
| Lowery Hills Community Development District (Assessment Area One); Series 2025, RB<sup>(e)</sup> <br>| 5.63% | 05/01/2045 | 725 | &nbsp;&nbsp; 694396 |
| Madeira Community Development District (Assessment Area No.2); Series 2025, RB | 4.70% | 05/01/2035 | 860 | &nbsp;&nbsp; 853541 |
| Middleton Community Development District A; Series 2024, RB | 4.00% | 05/01/2034 | 735 | &nbsp;&nbsp; 722440 |
| Northridge Community Development District; Series 2025, RB<sup>(e)</sup> <br>| 5.75% | 05/01/2045 | 1750 | &nbsp;&nbsp; 1729414 |
| &nbsp;&nbsp;&nbsp; Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated <br> Group); Series 2024, Ref. RB<br>| 5.00% | 08/01/2047 | 1900 | &nbsp;&nbsp; 1850070 |
| Parrish Lakes Community Development District; Series 2024, RB | 5.50% | 05/01/2044 | 950 | &nbsp;&nbsp; 907520 |
| Pembroke Harbor Community Development District; Series 2008 A, RB | 7.00% | 05/01/2038 | 900 | &nbsp;&nbsp; 901572 |
| &nbsp;&nbsp;&nbsp; Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global <br> Understanding); Series 2019, RB<br>| 5.00% | 07/01/2039 | 1750 | &nbsp;&nbsp; 1694443 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates); Series 2019, <br> Ref. IDR<br>| 5.00% | 01/01/2049 | 2500 | &nbsp;&nbsp; 2248972 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Mineral Development LLC); Series 2020, RB <br> (Acquired 10/23/2020; Cost $2,855,000)<sup>(b)(c)(e)(f)</sup> <br>| 5.88% | 01/01/2033 | 2855 | &nbsp;&nbsp; 1655900 |
| Ranches at Lake Mcleod Community Development District (Assessment Area Two); Series 2025, RB | 5.45% | 06/15/2045 | 600 | &nbsp;&nbsp; 581708 |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.38% | 05/01/2045 | 875 | &nbsp;&nbsp; 841327 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.55% | 05/01/2055 | 1250 | &nbsp;&nbsp; 1186701 |
| Venice (City of), FL (Village on the Isle); Series 2024, RB<sup>(e)</sup> <br>| 4.25% | 01/01/2030 | 900 | &nbsp;&nbsp; 898014 |
| West Villages Improvement District (Develepmont Unit No. 10); Series 2024, RB | 5.38% | 05/01/2044 | 500 | &nbsp;&nbsp; 484412 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 4.20% | 05/01/2039 | $1500 | &nbsp;&nbsp; $1403198 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 4.55% | 05/01/2044 | 1000 | &nbsp;&nbsp; 935466 |
|  |  |  |  | &nbsp;&nbsp; 129027678 |
| **Georgia–1.96%** | **Georgia–1.96%** | **Georgia–1.96%** | **Georgia–1.96%** | **Georgia–1.96%** |
| &nbsp;&nbsp;&nbsp; Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble <br> Paper Products Co. (The)); Series 1998, RB<sup>(f)</sup> <br>| 5.30% | 05/15/2026 | 810 | &nbsp;&nbsp; 811176 |
| &nbsp;&nbsp;&nbsp; Atlanta (City of), GA Urban Residential Finance Authority (GE Tower Apartments); Series 2023 B, <br> RB<sup>(a)</sup> <br>| 5.75% | 06/01/2025 | 5000 | &nbsp;&nbsp; 5000000 |
| Atlanta Development Authority (The) (Westside Gulch Area); Series 2024 A, RB<sup>(e)</sup> <br>| 5.00% | 04/01/2034 | 1750 | &nbsp;&nbsp; 1741989 |
| &nbsp;&nbsp;&nbsp; Cobb (County of), GA Development Authority (The) (Northwest Classical Academy); Series 2023, <br> RB<sup>(e)</sup> <br>| 5.20% | 06/15/2033 | 1000 | &nbsp;&nbsp; 1007642 |
| Conyers (City of), GA (Salem Gate); Series 2024, RB | 5.38% | 03/01/2036 | 2870 | &nbsp;&nbsp; 2792481 |
| DeKalb (County of), IL Development Authority (The Globe Academy, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 06/01/2040 | 400 | &nbsp;&nbsp; 397241 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 06/01/2045 | 415 | &nbsp;&nbsp; 396577 |
| Floyd (County of), GA Development Authority (The Spires at Berry College); Series 2018 A, RB | 5.50% | 12/01/2028 | 1560 | &nbsp;&nbsp; 1559893 |
| &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>| 5.00% | 06/15/2027 | 170 | &nbsp;&nbsp; 171129 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 C, RB<sup>(a)(e)</sup> <br>| 4.00% | 11/01/2027 | 5000 | &nbsp;&nbsp; 4970477 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2030 | 2000 | &nbsp;&nbsp; 2082031 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(a)</sup> <br>| 5.00% | 12/01/2031 | 2000 | &nbsp;&nbsp; 2085006 |
| &nbsp;&nbsp;&nbsp; Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens); <br> Series 2018 A-1, RB<br>| 5.75% | 12/01/2028 | 1850 | &nbsp;&nbsp; 1856271 |
|  |  |  |  | &nbsp;&nbsp; 24871913 |
| **Guam–0.45%** | **Guam–0.45%** | **Guam–0.45%** | **Guam–0.45%** | **Guam–0.45%** |
| Guam (Territory of); Series 2015 D, Ref. RB | 5.00% | 11/15/2033 | 3000 | &nbsp;&nbsp; 3011547 |
| Guam (Territory of) Department of Education (John F. Kennedy); Series 2020, Ref. COP | 5.00% | 02/01/2040 | 2750 | &nbsp;&nbsp; 2648734 |
|  |  |  |  | &nbsp;&nbsp; 5660281 |
| **Idaho–0.61%** | **Idaho–0.61%** | **Idaho–0.61%** | **Idaho–0.61%** | **Idaho–0.61%** |
| Avimor Community Infrastructure District No. 1 (Assessment Area Five); Series 2024, RB<sup>(e)</sup> <br>| 5.88% | 09/01/2053 | 1867 | &nbsp;&nbsp; 1879929 |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2017 A, Ref. RB | 4.00% | 11/15/2027 | 635 | &nbsp;&nbsp; 632187 |
| &nbsp;&nbsp;&nbsp; Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.); Series 2018 <br> A, RB<sup>(e)</sup> <br>| 4.63% | 07/01/2029 | 110 | &nbsp;&nbsp; 109285 |
| Idaho (State of) Housing & Finance Association (Future Public School); Series 2022 A, RB<sup>(e)</sup> <br>| 4.00% | 05/01/2042 | 2280 | &nbsp;&nbsp; 1798782 |
| Idaho (State of) Housing & Finance Association (North Star Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2028 | 205 | &nbsp;&nbsp; 209836 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2036 | 526 | &nbsp;&nbsp; 534062 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.75% | 07/01/2048 | 2384 | &nbsp;&nbsp; 2394927 |
| Power County Industrial Development Corp. (FMC Corp.); Series 1999, RB<sup>(f)</sup> <br>| 6.45% | 08/01/2032 | 130 | &nbsp;&nbsp; 130389 |
|  |  |  |  | &nbsp;&nbsp; 7689397 |
| **Illinois–3.48%** | **Illinois–3.48%** | **Illinois–3.48%** | **Illinois–3.48%** | **Illinois–3.48%** |
| Aurora (City of), IL (East River Area TIF No. 6); Series 2018 A, Ref. RB | 5.00% | 12/30/2027 | 550 | &nbsp;&nbsp; 553497 |
| Berwyn (City of), IL (South Berwyn Corridor); Series 2020, RB<sup>(e)</sup> <br>| 4.00% | 12/01/2028 | 1015 | &nbsp;&nbsp; 973948 |
| Bradley (Village of), IL (Bradley Commons); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 01/01/2026 | 505 | &nbsp;&nbsp; 507227 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 01/01/2027 | 530 | &nbsp;&nbsp; 535989 |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.63% | 01/01/2029 | 1000 | &nbsp;&nbsp; 1024276 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 5.75% | 01/01/2034 | 1500 | &nbsp;&nbsp; 1529676 |
| Chicago (City of), IL (O'Hare International Airport); Series 2024 A, RB<sup>(f)</sup> <br>| 5.25% | 01/01/2041 | 2150 | &nbsp;&nbsp; 2232377 |
| Evanston (City of), IL (Roycemore School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 4.00% | 04/01/2032 | 245 | &nbsp;&nbsp; 215111 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 4.38% | 04/01/2041 | 930 | &nbsp;&nbsp; 712507 |
| Hillside (Village of), IL (Mannheim Redevelopment); Series 2018, Ref. RB | 5.00% | 01/01/2030 | 1830 | &nbsp;&nbsp; 1837289 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(f)</sup> <br>| 8.00% | 06/01/2032 | 11805 | &nbsp;&nbsp; 11817238 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Illinois (State of) Finance Authority; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.88% | 09/01/2046 | $1500 | &nbsp;&nbsp; $1461824 |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School); Series 2015, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2025 | 100 | &nbsp;&nbsp; 100085 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $2,163,513)<sup>(c)</sup> <br>| 5.00% | 11/01/2027 | 2065 | &nbsp;&nbsp; 1383550 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 09/08/2022; Cost $1,885,670)<sup>(c)</sup> <br>| 5.00% | 11/01/2035 | 2020 | &nbsp;&nbsp; 1353400 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 1073 | &nbsp;&nbsp; 770713 |
| Illinois (State of) Finance Authority (Rush University Medical Center); Series 2015 A, Ref. RB | 5.00% | 11/15/2038 | 8700 | &nbsp;&nbsp; 8613135 |
| Illinois (State of) Medical District Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, COP (INS - NATL)<sup>(d)</sup> <br>| 5.13% | 06/01/2026 | 10 | &nbsp;&nbsp; 10009 |
| &nbsp;&nbsp;&nbsp; Series 2002, COP (INS - NATL)<sup>(d)</sup> <br>| 5.25% | 06/01/2032 | 140 | &nbsp;&nbsp; 140119 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 7755 | &nbsp;&nbsp; 7651772 |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment); Series 2019, RB | 4.25% | 01/01/2029 | 640 | &nbsp;&nbsp; 628485 |
|  |  |  |  | &nbsp;&nbsp; 44052227 |
| **Indiana–0.90%** | **Indiana–0.90%** | **Indiana–0.90%** | **Indiana–0.90%** | **Indiana–0.90%** |
| Evansville (City of), IN (Silver Birch of Evansville); Series 2017, RB | 4.80% | 01/01/2028 | 200 | &nbsp;&nbsp; 194504 |
| Indiana (State of) Finance Authority (Good Samaritan Hospital); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 04/01/2037 | 200 | &nbsp;&nbsp; 200113 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 04/01/2046 | 5785 | &nbsp;&nbsp; 5692959 |
| Indiana (State of) Finance Authority (Irvington Community School); Series 2018 A, Ref. RB<sup>(e)</sup> <br>| 5.50% | 07/01/2028 | 400 | &nbsp;&nbsp; 400015 |
| Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.); Series 2012 A, RB | 4.25% | 11/01/2030 | 1580 | &nbsp;&nbsp; 1599885 |
| Indiana (State of) Finance Authority (University of Evansville); Series 2022 A, Ref. RB | 5.25% | 09/01/2037 | 1865 | &nbsp;&nbsp; 1895295 |
| Mishawaka (City of), IN (Silver Birch of Mishwaka); Series 2017, RB<sup>(e)</sup> <br>| 5.10% | 01/01/2032 | 425 | &nbsp;&nbsp; 395334 |
| Whiting (City of), IN (BP Products North America, Inc.); Series 2015, RB<sup>(a)(f)</sup> <br>| 4.40% | 06/10/2031 | 1000 | &nbsp;&nbsp; 1012774 |
|  |  |  |  | &nbsp;&nbsp; 11390879 |
| **Iowa–1.48%** | **Iowa–1.48%** | **Iowa–1.48%** | **Iowa–1.48%** | **Iowa–1.48%** |
| Ackley (City of), IA (Grand Jivante); Series 2018 A, RB | 4.50% | 08/01/2033 | 600 | &nbsp;&nbsp; 510731 |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC); Series 2018, RB | 4.30% | 10/01/2028 | 660 | &nbsp;&nbsp; 640217 |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB<sup>(a)(h)</sup> <br>| 5.00% | 12/01/2032 | 5410 | &nbsp;&nbsp; 6085338 |
| Iowa (State of) Finance Authority (Union at the Marina); Series 2024 A-1, RB<sup>(e)</sup> <br>| 6.00% | 11/01/2027 | 1345 | &nbsp;&nbsp; 1351276 |
| PEFA, Inc.; Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 09/01/2026 | 10000 | &nbsp;&nbsp; 10110726 |
|  |  |  |  | &nbsp;&nbsp; 18698288 |
| **Kansas–0.73%** | **Kansas–0.73%** | **Kansas–0.73%** | **Kansas–0.73%** | **Kansas–0.73%** |
| Pittsburgh (City of), KS (North Broadway - Pittsburgh Town Center); Series 2006, RB | 4.80% | 04/01/2027 | 40 | &nbsp;&nbsp; 35813 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); |  |  |  |  |
| &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% | 05/15/2029 | 1280 | &nbsp;&nbsp; 1275549 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2034 | 2950 | &nbsp;&nbsp; 2898616 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.25% | 05/15/2039 | 2000 | &nbsp;&nbsp; 1929528 |
| &nbsp;&nbsp;&nbsp; Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 2000 | &nbsp;&nbsp; 1914781 |
|  |  |  |  | &nbsp;&nbsp; 9217321 |
| **Kentucky–0.34%** | **Kentucky–0.34%** | **Kentucky–0.34%** | **Kentucky–0.34%** | **Kentucky–0.34%** |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 02/01/2026 | 165 | &nbsp;&nbsp; 166289 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.50% | 02/01/2044 | 2170 | &nbsp;&nbsp; 2169958 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care <br> Communities); Series 2021, Ref. RB<br>| 4.25% | 07/01/2031 | 925 | &nbsp;&nbsp; 872188 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky <br> Information Highway); Series 2015 A, RB<br>| 5.00% | 07/01/2030 | 1000 | &nbsp;&nbsp; 1000912 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Rosedale Green); <br> Series 2015, Ref. RB<br>| 5.00% | 11/15/2025 | 135 | &nbsp;&nbsp; 134286 |
|  |  |  |  | &nbsp;&nbsp; 4343633 |
| **Louisiana–1.17%** | **Louisiana–1.17%** | **Louisiana–1.17%** | **Louisiana–1.17%** | **Louisiana–1.17%** |
| Juban Crossing Community Development District; Series 2024 B, RB | 6.25% | 06/01/2034 | 1000 | &nbsp;&nbsp; 1006803 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** | **Louisiana–(continued)** |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Christwood);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 4.25% | 11/15/2030 | $1050 | &nbsp;&nbsp; $1038814 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 11/15/2037 | 1900 | &nbsp;&nbsp; 1881683 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Livingston (Parish of), LA Gomesha) (Green Bonds); Series 2018, RB<sup>(e)</sup> <br>| 5.38% | 11/01/2038 | 3165 | &nbsp;&nbsp; 3233191 |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development <br> Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds); Series 2019, RB<sup>(e)</sup> <br>| 4.63% | 11/01/2038 | 1460 | &nbsp;&nbsp; 1460499 |
| Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC); Series 2024 A, RB<sup>(e)</sup> <br>| 9.00% | 12/01/2044 | 5000 | &nbsp;&nbsp; 4232293 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2011, RB<sup>(a)(e)</sup> <br>| 5.85% | 06/01/2025 | 2000 | &nbsp;&nbsp; 2000000 |
|  |  |  |  | &nbsp;&nbsp; 14853283 |
| **Maryland–0.51%** | **Maryland–0.51%** | **Maryland–0.51%** | **Maryland–0.51%** | **Maryland–0.51%** |
| Baltimore (City of), MD (Convention Center Hotel); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2026 | 2160 | &nbsp;&nbsp; 2178544 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 09/01/2027 | 1100 | &nbsp;&nbsp; 1116910 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy); <br> Series 2017 A, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2027 | 215 | &nbsp;&nbsp; 215757 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical <br> Institutions Parking Facilities); Series 1996, RB (INS - AMBAC)<sup>(d)</sup> <br>| 5.50% | 07/01/2026 | 10 | &nbsp;&nbsp; 10073 |
| Tender Option Bond Trust Receipts/Certificates; Series 2024, VRD RB<sup>(e)(i)</sup> <br>| 1.62% | 07/01/2032 | 3000 | &nbsp;&nbsp; 3000000 |
|  |  |  |  | &nbsp;&nbsp; 6521284 |
| **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** | **Massachusetts–1.48%** |
| Ashland (Town of), MA; Series 2022, GO Bonds | 4.00% | 08/01/2042 | 1000 | &nbsp;&nbsp; 965862 |
| Lynn Housing Authority & Neighborhood Development; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.00% | 10/01/2026 | 100 | &nbsp;&nbsp; 100003 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.00% | 10/01/2027 | 150 | &nbsp;&nbsp; 150008 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.25% | 10/01/2028 | 320 | &nbsp;&nbsp; 320039 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.38% | 10/01/2029 | 385 | &nbsp;&nbsp; 385053 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.50% | 10/01/2030 | 690 | &nbsp;&nbsp; 690104 |
| Massachusetts (Commonwealth of) Development Finance Agency; Series 2025, RB | 5.00% | 07/01/2040 | 4000 | &nbsp;&nbsp; 4051373 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); Series 2025, <br> RB<br>| 5.25% | 08/15/2041 | 5475 | &nbsp;&nbsp; 5702197 |
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 01/01/2040 | 1070 | &nbsp;&nbsp; 1125375 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 01/01/2045 | 1000 | &nbsp;&nbsp; 1027646 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility); <br> Series 2018, RB<sup>(e)</sup> <br>| 5.00% | 11/15/2033 | 1500 | &nbsp;&nbsp; 1548403 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 10/01/2047 | 1500 | &nbsp;&nbsp; 1392352 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University); <br> Series 2025, Ref. RB<br>| 5.50% | 07/01/2045 | 1250 | &nbsp;&nbsp; 1263951 |
|  |  |  |  | &nbsp;&nbsp; 18722366 |
| **Michigan–1.60%** | **Michigan–1.60%** | **Michigan–1.60%** | **Michigan–1.60%** | **Michigan–1.60%** |
| Advanced Technology Academy; Series 2019, Ref. RB | 5.00% | 11/01/2034 | 1200 | &nbsp;&nbsp; 1211380 |
| Detroit (City of), MI; Series 2014 B-1, GO Bonds | 4.00% | 04/01/2044 | 2486 | &nbsp;&nbsp; 1913210 |
| Ecorse (City of), MI; Series 2011, GO Bonds | 5.80% | 11/01/2026 | 750 | &nbsp;&nbsp; 750981 |
| Ivywood Classical Academy; Series 2023, RB | 5.00% | 01/01/2034 | 1830 | &nbsp;&nbsp; 1838128 |
| Michigan (State of) Finance Authority (Henry Ford Health System) (Green Bonds); Series 2024, RB | 5.25% | 02/29/2040 | 1000 | &nbsp;&nbsp; 1047147 |
| Michigan (State of) Finance Authority (Huron Academy); Series 2024, Ref. RB | 4.50% | 10/01/2034 | 2345 | &nbsp;&nbsp; 2270397 |
| Michigan (State of) Finance Authority (Madison Academy); Series 2021, Ref. RB | 4.25% | 12/01/2039 | 1450 | &nbsp;&nbsp; 1180385 |
| Michigan (State of) Finance Authority (Thomas M. Colley Law School); Series 2014, Ref. RB<sup>(e)</sup> <br>| 6.25% | 07/01/2029 | 1630 | &nbsp;&nbsp; 1604072 |
| Michigan (State of) Finance Authority (Trinity Health Credit Group); Series 2019 A, Ref. RB | 4.00% | 12/01/2049 | 1145 | &nbsp;&nbsp; 971716 |
| Michigan (State of) Strategic Fund (Evangelical Homes); Series 2013, Ref. RB | 5.50% | 06/01/2047 | 2820 | &nbsp;&nbsp; 2158288 |
| Michigan (State of) Strategic Fund (Green Bonds); Series 2021, RB<sup>(a)(f)</sup> <br>| 4.00% | 10/01/2026 | 5110 | &nbsp;&nbsp; 5078833 |
| Waterford Township Economic Development Corp.; Series 2016 A, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2026 | 980 | &nbsp;&nbsp; 218540 |
|  |  |  |  | &nbsp;&nbsp; 20243077 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Minnesota–2.14%** | **Minnesota–2.14%** | **Minnesota–2.14%** | **Minnesota–2.14%** | **Minnesota–2.14%** |
| Bethel (City of), MN (Ecumen Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 03/01/2034 | $750 | &nbsp;&nbsp; $750190 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 6.13% | 03/01/2044 | 1500 | &nbsp;&nbsp; 1460936 |
| Bethel (City of), MN (Spectrum High School); Series 2024, RB | 5.00% | 07/01/2059 | 1500 | &nbsp;&nbsp; 1352494 |
| Brainerd (City of), MN; Series 2025, RB | 5.50% | 05/01/2045 | 4700 | &nbsp;&nbsp; 4545115 |
| Brooklyn Park (City of), MN (Athlos Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 4.75% | 07/01/2025 | 100 | &nbsp;&nbsp; 99847 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.75% | 07/01/2046 | 1400 | &nbsp;&nbsp; 1195799 |
| Brooklyn Park (City of), MN (Prairie Seeds Academy); Series 2024, Ref. RB | 5.00% | 06/15/2044 | 2835 | &nbsp;&nbsp; 2614678 |
| Dakota (County of), MN Community Development Agency (Quill); Series 2021, RB<sup>(e)</sup> <br>| 3.55% | 04/01/2039 | 5000 | &nbsp;&nbsp; 3942715 |
| &nbsp;&nbsp;&nbsp; Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); <br> Series 2015, RB<br>| 5.75% | 08/01/2030 | 775 | &nbsp;&nbsp; 656434 |
| Duluth (City of), MN Housing & Redevelopment Authority (Duluth Public Schools Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.25% | 11/01/2028 | 1375 | &nbsp;&nbsp; 1317097 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 11/01/2033 | 1070 | &nbsp;&nbsp; 1013590 |
| Minneapolis (City of), MN (Spero Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 5.50% | 07/01/2027 | 350 | &nbsp;&nbsp; 351717 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(e)</sup> <br>| 6.00% | 07/01/2032 | 1080 | &nbsp;&nbsp; 1092292 |
| Ramsey (City of), MN (Pact Charter School); Series 2022 A, Ref. RB | 5.00% | 06/01/2032 | 2000 | &nbsp;&nbsp; 1939995 |
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 1000 | &nbsp;&nbsp; 1000333 |
| &nbsp;&nbsp;&nbsp; St. Louis Park (City of), MN (Place Via Sol Project); Series 2018, RB (Acquired 12/26/2018; <br> Cost $1,927,397)<sup>(a)(b)(c)(e)</sup> <br>| 6.00% | 07/01/2027 | 1927 | &nbsp;&nbsp; 192740 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Great River School); Series 2017 A, <br> RB<sup>(e)</sup> <br>| 5.25% | 07/01/2033 | 140 | &nbsp;&nbsp; 140937 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy); Series 2023, <br> Ref. RB<br>| 4.25% | 12/01/2032 | 1085 | &nbsp;&nbsp; 1090215 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy); <br> Series 2016, Ref. RB<br>| 5.00% | 09/01/2026 | 425 | &nbsp;&nbsp; 426353 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy); Series 2020, <br> Ref. RB<br>| 5.00% | 09/01/2040 | 1500 | &nbsp;&nbsp; 1445936 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom <br> East Campus);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.00% | 10/01/2031 | 250 | &nbsp;&nbsp; 233030 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 4.13% | 10/01/2033 | 250 | &nbsp;&nbsp; 229278 |
|  |  |  |  | &nbsp;&nbsp; 27091721 |
| **Mississippi–0.33%** | **Mississippi–0.33%** | **Mississippi–0.33%** | **Mississippi–0.33%** | **Mississippi–0.33%** |
| Mississippi (State of) Development Bank (Jackson County Gomesa); Series 2021, RB<sup>(e)</sup> <br>| 3.63% | 11/01/2036 | 3040 | &nbsp;&nbsp; 2744461 |
| Tunica (County of), MS; Series 2019, Ref. RB | 6.00% | 10/01/2040 | 1505 | &nbsp;&nbsp; 1436932 |
|  |  |  |  | &nbsp;&nbsp; 4181393 |
| **Missouri–0.89%** | **Missouri–0.89%** | **Missouri–0.89%** | **Missouri–0.89%** | **Missouri–0.89%** |
| &nbsp;&nbsp;&nbsp; Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper <br> Products Co. (The)); Series 1998, RB<sup>(f)</sup> <br>| 5.30% | 05/15/2028 | 30 | &nbsp;&nbsp; 30060 |
| I-470 Western Gateway Transportation Development District; Series 2019 A, RB<sup>(e)</sup> <br>| 4.50% | 12/01/2029 | 30 | &nbsp;&nbsp; 29754 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 4.25% | 04/01/2026 | 100 | &nbsp;&nbsp; 99350 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 04/01/2036 | 2000 | &nbsp;&nbsp; 1891779 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel); <br> Series 2018 B, RB<sup>(e)</sup> <br>| 4.38% | 02/01/2031 | 595 | &nbsp;&nbsp; 576009 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2037 | 1000 | &nbsp;&nbsp; 955064 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1750 | &nbsp;&nbsp; 1567229 |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment); Series 2020, RB | 4.13% | 11/01/2038 | 2305 | &nbsp;&nbsp; 2128655 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); <br> Series 2024, Ref. RB<br>| 5.25% | 02/01/2048 | 1000 | &nbsp;&nbsp; 991687 |
| Tender Option Bond Trust Receipts/Certificates; Series 2024, VRD RB<sup>(e)(i)</sup> <br>| 2.10% | 12/01/2031 | 3000 | &nbsp;&nbsp; 3000000 |
|  |  |  |  | &nbsp;&nbsp; 11269587 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Montana–0.59%** | **Montana–0.59%** | **Montana–0.59%** | **Montana–0.59%** | **Montana–0.59%** |
| Montana (State of) Facility Finance Authority (Franklin School Apartments); Series 2025, RB<sup>(a)</sup> <br>| 5.15% | 12/01/2026 | $2500 | &nbsp;&nbsp; $2501759 |
| Montana Board of Housing (Baxter Apartments Projects); Series 2023, RB<sup>(a)</sup> <br>| 6.50% | 03/01/2026 | 5000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; 7501759 |
| **Nevada–0.22%** | **Nevada–0.22%** | **Nevada–0.22%** | **Nevada–0.22%** | **Nevada–0.22%** |
| Las Vegas (City of), NV Special Improvement District No. 613; Series 2024, RB | 5.00% | 12/01/2039 | 400 | &nbsp;&nbsp; 394143 |
| Las Vegas (City of), NV Special Improvement District No. 815; Series 2020, RB | 4.75% | 12/01/2040 | 325 | &nbsp;&nbsp; 309926 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Doral Academy of Nevada); Series 2017 A, <br> RB<br>| 5.00% | 07/15/2037 | 500 | &nbsp;&nbsp; 494619 |
| &nbsp;&nbsp;&nbsp; North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village <br> 1); Series 2022, RB<sup>(e)</sup> <br>| 5.50% | 06/01/2037 | 730 | &nbsp;&nbsp; 743958 |
| Reno (City of), NV; Series 2025, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2041 | 825 | &nbsp;&nbsp; 802693 |
|  |  |  |  | &nbsp;&nbsp; 2745339 |
| **New Hampshire–2.20%** | **New Hampshire–2.20%** | **New Hampshire–2.20%** | **New Hampshire–2.20%** | **New Hampshire–2.20%** |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB<sup>(a)(e)</sup> <br>| 3.63% | 07/02/2040 | 3455 | &nbsp;&nbsp; 2778473 |
| New Hampshire (State of) Business Finance Authority (Megatel); Series 2025, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/15/2033 | 5000 | &nbsp;&nbsp; 2959875 |
| New Hampshire (State of) Business Finance Authority (River Ranch); Series 2025, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/01/2031 | 10000 | &nbsp;&nbsp; 6683602 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, RB | 4.38% | 09/20/2036 | 1538 | &nbsp;&nbsp; 1492986 |
| &nbsp;&nbsp;&nbsp; Series 2022-2A, RB | 4.00% | 10/20/2036 | 3858 | &nbsp;&nbsp; 3631088 |
| New Hampshire (State of) Business Finance Authority (Social Certificates); Series 2024-1A, RB | 4.25% | 07/20/2041 | 2941 | &nbsp;&nbsp; 2727503 |
| New Hampshire (State of) Business Finance Authority (The Attwater); Series 2024, RB<sup>(e)(g)</sup> <br>| 0.00% | 04/01/2032 | 3000 | &nbsp;&nbsp; 1935752 |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/01/2034 | 7500 | &nbsp;&nbsp; 3975038 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.63% | 12/15/2033 | 840 | &nbsp;&nbsp; 850889 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 6.25% | 12/15/2038 | 810 | &nbsp;&nbsp; 816824 |
|  |  |  |  | &nbsp;&nbsp; 27852030 |
| **New Jersey–0.39%** | **New Jersey–0.39%** | **New Jersey–0.39%** | **New Jersey–0.39%** | **New Jersey–0.39%** |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Golden Door Charter School); <br> Series 2018 A, RB<sup>(e)</sup> <br>| 5.13% | 11/01/2029 | 190 | &nbsp;&nbsp; 190484 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter <br> School); Series 2017 A, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2027 | 255 | &nbsp;&nbsp; 255254 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School); <br> Series 2018 A, RB<sup>(e)</sup> <br>| 4.75% | 10/01/2028 | 885 | &nbsp;&nbsp; 880605 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (North Star Academy Charter School of <br> Newark, Inc.); Series 2017, RB<br>| 5.00% | 07/15/2047 | 1075 | &nbsp;&nbsp; 1044618 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Teaneck Community Charter School); <br> Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 4.25% | 09/01/2027 | 140 | &nbsp;&nbsp; 140369 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2028 | 715 | &nbsp;&nbsp; 633233 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2035 | 1000 | &nbsp;&nbsp; 645753 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, RB<sup>(g)</sup> <br>| 0.00% | 12/15/2032 | 1465 | &nbsp;&nbsp; 1104494 |
|  |  |  |  | &nbsp;&nbsp; 4894810 |
| **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** | **New Mexico–0.09%** |
| Winrock Town Center Tax Increment Development District No. 1; Series 2022, Ref. RB<sup>(e)</sup> <br>| 4.00% | 05/01/2033 | 1250 | &nbsp;&nbsp; 1184903 |
| **New York–7.44%** | **New York–7.44%** | **New York–7.44%** | **New York–7.44%** | **New York–7.44%** |
| Buffalo & Erie County Industrial Land Development Corp. (Medaille College); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (Acquired 08/16/2018; Cost $220,094)<sup>(b)(c)(e)</sup> <br>| 5.00% | 10/01/2028 | 213 | &nbsp;&nbsp; 3195 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (Acquired 08/16/2018; Cost $1,403,843)<sup>(b)(c)(e)</sup> <br>| 5.00% | 10/01/2038 | 1389 | &nbsp;&nbsp; 20829 |
| Build NYC Resource Corp. (Brooklyn Navy Yard); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (LOC - Santander Bank N.A.)<sup>(e)(f)(j)</sup> <br>| 5.25% | 12/31/2033 | 3000 | &nbsp;&nbsp; 2980000 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB (LOC - Santander Bank N.A.)<sup>(e)(f)(j)</sup> <br>| 5.50% | 12/31/2040 | 5000 | &nbsp;&nbsp; 4715283 |
| Build NYC Resource Corp. (Shefa School); Series 2021 A, RB<sup>(e)</sup> <br>| 2.50% | 06/15/2031 | 375 | &nbsp;&nbsp; 334479 |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn); Series 2023, RB<sup>(e)</sup> <br>| 5.25% | 06/15/2043 | 525 | &nbsp;&nbsp; 517379 |
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB | 5.00% | 06/01/2045 | 3210 | &nbsp;&nbsp; 2805210 |
| Metropolitan Transportation Authority; Subseries 2015 C-1, Ref. RB | 5.25% | 11/15/2031 | 2000 | &nbsp;&nbsp; 2008340 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| Nassau (County of), NY Industrial Development Agency<sup>(g)</sup> <br>| 0.00% | 01/01/2058 | $967 | &nbsp;&nbsp; $10 |
| New York & New Jersey (States of) Port Authority; One Hundred Eighty Third Series 2014, RB | 4.00% | 12/15/2038 | 2000 | &nbsp;&nbsp; 1906464 |
| New York (City of), NY Transitional Finance Authority; Series 2018, VRD RB<sup>(i)</sup> <br>| 1.40% | 08/01/2042 | 7000 | &nbsp;&nbsp; 7000000 |
| New York (State of) Dormitory Authority (Montefiore Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 08/01/2035 | 1250 | &nbsp;&nbsp; 1260704 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 11/01/2043 | 1500 | &nbsp;&nbsp; 1522914 |
| New York Counties Tobacco Trust IV; Series 2010 A, RB<sup>(e)</sup> <br>| 6.25% | 06/01/2041 | 2849 | &nbsp;&nbsp; 2732397 |
| New York Counties Tobacco Trust VI; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.63% | 06/01/2035 | 720 | &nbsp;&nbsp; 727144 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 6.00% | 06/01/2043 | 2640 | &nbsp;&nbsp; 2605357 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-3, Ref. RB<sup>(e)</sup> <br>| 7.25% | 11/15/2044 | 5400 | &nbsp;&nbsp; 5402990 |
| New York State Dormitory Authority; Series 2024, RB<sup>(k)</sup> <br>| 5.50% | 07/01/2054 | 7000 | &nbsp;&nbsp; 7435215 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2026 | 4685 | &nbsp;&nbsp; 4684958 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2031 | 8680 | &nbsp;&nbsp; 8647578 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(f)</sup> <br>| 5.25% | 08/01/2031 | 2470 | &nbsp;&nbsp; 2523535 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(f)</sup> <br>| 3.00% | 08/01/2031 | 1545 | &nbsp;&nbsp; 1415131 |
| &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>(f)</sup> <br>| 5.00% | 01/01/2032 | 4315 | &nbsp;&nbsp; 4357829 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(f)</sup> <br>| 5.00% | 01/01/2034 | 6500 | &nbsp;&nbsp; 6539543 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2035 | 5000 | &nbsp;&nbsp; 5034525 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal <br> One) (Green Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 06/30/2038 | 2000 | &nbsp;&nbsp; 2101841 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 06/30/2039 | 1000 | &nbsp;&nbsp; 1045533 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 06/30/2040 | 875 | &nbsp;&nbsp; 910371 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); <br> Series 2023, RB<sup>(f)</sup> <br>| 5.63% | 04/01/2040 | 2500 | &nbsp;&nbsp; 2564018 |
| Niagara Area Development Corp. (Covanta); Series 2018 A, Ref. RB<sup>(e)(f)</sup> <br>| 4.75% | 11/01/2042 | 1000 | &nbsp;&nbsp; 907580 |
| Oneida Indian Nation; Series 2024 B, RB<sup>(e)</sup> <br>| 6.00% | 09/01/2043 | 2150 | &nbsp;&nbsp; 2265379 |
| Suffolk Regional Off-Track Betting Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 12/01/2034 | 1600 | &nbsp;&nbsp; 1655710 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.75% | 12/01/2044 | 1500 | &nbsp;&nbsp; 1535530 |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2027 | 1000 | &nbsp;&nbsp; 220000 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 220000 |
| &nbsp;&nbsp;&nbsp; Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation <br> Facilities); Series 2017 A, RB<sup>(e)(f)</sup> <br>| 7.00% | 06/01/2046 | 3500 | &nbsp;&nbsp; 3629036 |
|  |  |  |  | &nbsp;&nbsp; 94236007 |
| **North Carolina–0.37%** | **North Carolina–0.37%** | **North Carolina–0.37%** | **North Carolina–0.37%** | **North Carolina–0.37%** |
| Greater Asheville Regional Airport Authority; Series 2023, RB (INS - AGI)<sup>(d)(f)</sup> <br>| 5.25% | 07/01/2048 | 3625 | &nbsp;&nbsp; 3681805 |
| North Carolina (State of) Medical Care Commission (Southminster); Series 2016, Ref. RB | 5.00% | 10/01/2037 | 1000 | &nbsp;&nbsp; 996747 |
|  |  |  |  | &nbsp;&nbsp; 4678552 |
| **North Dakota–0.42%** | **North Dakota–0.42%** | **North Dakota–0.42%** | **North Dakota–0.42%** | **North Dakota–0.42%** |
| Burleigh (County of), ND (University of Mary); Series 2016, RB | 4.38% | 04/15/2026 | 220 | &nbsp;&nbsp; 218915 |
| Grand Forks (City of), ND (Altru Health System); Series 2021, Ref. RB | 4.00% | 12/01/2040 | 3375 | &nbsp;&nbsp; 2958744 |
| Horace (City of), ND; Series 2024 C, Ref. GO Bonds | 4.75% | 05/01/2044 | 1100 | &nbsp;&nbsp; 1045279 |
| North Dakota (State of) Housing Finance Agency (Social Bonds); Series 2024 C, RB | 6.25% | 01/01/2055 | 990 | &nbsp;&nbsp; 1090993 |
|  |  |  |  | &nbsp;&nbsp; 5313931 |
| **Ohio–3.14%** | **Ohio–3.14%** | **Ohio–3.14%** | **Ohio–3.14%** | **Ohio–3.14%** |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB | 3.00% | 06/01/2048 | 2755 | &nbsp;&nbsp; 1924194 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 2470 | &nbsp;&nbsp; 2140474 |
| &nbsp;&nbsp;&nbsp; Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools); <br> Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.25% | 01/01/2034 | 1000 | &nbsp;&nbsp; 991301 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank); Series 2010, RB | 6.00% | 11/15/2035 | $1000 | &nbsp;&nbsp; $1001997 |
| Cleveland (City of), OH (Continental Airlines, Inc.); Series 1998, RB<sup>(f)</sup> <br>| 5.38% | 09/15/2027 | 485 | &nbsp;&nbsp; 485209 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2037 | 5470 | &nbsp;&nbsp; 5437457 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2042 | 3500 | &nbsp;&nbsp; 3372092 |
| Franklin (County of), OH (Wesley Communities); Series 2020, Ref. RB | 5.25% | 11/15/2040 | 1500 | &nbsp;&nbsp; 1448536 |
| Greater Cincinnati (Port of), OH Development Authority; Series 2004, RB | 6.40% | 02/15/2034 | 1805 | &nbsp;&nbsp; 1775262 |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC); Series 2021, RB<sup>(a)</sup> <br>| 4.38% | 06/15/2026 | 3500 | &nbsp;&nbsp; 3448288 |
| Muskingum (County of), OH (Genesis Healthcare System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2033 | 1000 | &nbsp;&nbsp; 1003570 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2044 | 4880 | &nbsp;&nbsp; 4607550 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2048 | 5300 | &nbsp;&nbsp; 4918730 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB<sup>(f)</sup> <br>| 5.00% | 12/31/2039 | 2290 | &nbsp;&nbsp; 2238201 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Higher Educational Facility Commission (John Carroll University 2025); <br> Series 2025, RB<br>| 5.38% | 10/01/2045 | 3425 | &nbsp;&nbsp; 3374915 |
| Ohio (State of) Housing Finance Agency (Haven's Edge Apartments); Series 2025, RB<sup>(e)</sup> <br>| 5.70% | 08/01/2043 | 1200 | &nbsp;&nbsp; 1215474 |
| RiverSouth Authority; Series 2007 A, RB | 5.75% | 12/01/2027 | 405 | &nbsp;&nbsp; 405054 |
|  |  |  |  | &nbsp;&nbsp; 39788304 |
| **Oklahoma–1.02%** | **Oklahoma–1.02%** | **Oklahoma–1.02%** | **Oklahoma–1.02%** | **Oklahoma–1.02%** |
| Oklahoma (County of), OK Finance Authority (Astec); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.25% | 06/15/2034 | 700 | &nbsp;&nbsp; 690825 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 6.00% | 06/15/2044 | 1500 | &nbsp;&nbsp; 1438814 |
| Oklahoma (State of) Development Finance Authority (OU Medicine); Series 2018 B, RB (INS - AGI)<sup>(d)</sup> <br>| 4.00% | 08/15/2048 | 2430 | &nbsp;&nbsp; 2117657 |
| Tulsa (City of), OK Airports Improvement Trust; Series 2001 C, Ref. RB<sup>(f)</sup> <br>| 5.50% | 12/01/2035 | 2000 | &nbsp;&nbsp; 2000382 |
| &nbsp;&nbsp;&nbsp; Tulsa (City of), OK Airports Improvement Trust (American Airlines Group, Inc.); Series 2015, Ref. <br> RB<sup>(a)(f)(h)</sup> <br>| 5.00% | 06/01/2025 | 5000 | &nbsp;&nbsp; 5000000 |
| Tulsa Municipal Airport Trust Trustees; Series 2025, Ref. RB<sup>(f)</sup> <br>| 6.25% | 12/01/2035 | 1500 | &nbsp;&nbsp; 1641288 |
|  |  |  |  | &nbsp;&nbsp; 12888966 |
| **Oregon–0.18%** | **Oregon–0.18%** | **Oregon–0.18%** | **Oregon–0.18%** | **Oregon–0.18%** |
| Local Oregon Capital Assets Program; Series 2011 C, COP | 4.60% | 06/01/2031 | 35 | &nbsp;&nbsp; 35011 |
| 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 |
| Oregon (State of) (Elderly & Disabled Housing); Series 1993 C, GO Bonds<sup>(f)</sup> <br>| 5.65% | 08/01/2026 | 5 | &nbsp;&nbsp; 5009 |
| Oregon (State of) Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 4.63% | 06/15/2035 | 270 | &nbsp;&nbsp; 268814 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.50% | 06/15/2045 | 475 | &nbsp;&nbsp; 470037 |
|  |  |  |  | &nbsp;&nbsp; 2281109 |
| **Pennsylvania–0.51%** | **Pennsylvania–0.51%** | **Pennsylvania–0.51%** | **Pennsylvania–0.51%** | **Pennsylvania–0.51%** |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 <br> Waterfront); Series 2021, RB<sup>(e)</sup> <br>| 6.00% | 05/01/2042 | 620 | &nbsp;&nbsp; 634382 |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); <br> Series 2018, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2028 | 620 | &nbsp;&nbsp; 636135 |
| Northampton (County of), PA Industrial Development Authority; Series 2013, RB<sup>(b)</sup> <br>| 5.00% | 06/30/2027 | 193 | &nbsp;&nbsp; 34713 |
| &nbsp;&nbsp;&nbsp; Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.); <br> Series 2013 A, RB (Acquired 04/03/2013; Cost $308,057)<sup>(b)(c)</sup> <br>| 5.00% | 06/30/2027 | 350 | &nbsp;&nbsp; 154062 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2024-145A, RB | 6.00% | 10/01/2054 | 1620 | &nbsp;&nbsp; 1744332 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter <br> School, Inc.); Series 2019 A, RB<br>| 5.00% | 06/15/2039 | 1840 | &nbsp;&nbsp; 1734021 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2031 | 500 | &nbsp;&nbsp; 502802 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2032 | 1000 | &nbsp;&nbsp; 1004240 |
|  |  |  |  | &nbsp;&nbsp; 6444687 |
| **Puerto Rico–6.60%** | **Puerto Rico–6.60%** | **Puerto Rico–6.60%** | **Puerto Rico–6.60%** | **Puerto Rico–6.60%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 8375 | &nbsp;&nbsp; 8455789 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 7645 | &nbsp;&nbsp; 7732984 |
| PRHTA Custodial Trust; Series 2023, RB<sup>(b)</sup> <br>| 5.75% | 12/06/2049 | 193 | &nbsp;&nbsp; 55299 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |
| PRPBA Custodial Trust; Series 2022, RB<sup>(g)</sup> <br>| 0.00% | 03/15/2049 | $278 | &nbsp;&nbsp; $3193 |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(g)</sup> <br>| 0.00% | 07/01/2033 | 2035 | &nbsp;&nbsp; 1379032 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.38% | 07/01/2025 | 6000 | &nbsp;&nbsp; 6004265 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 | 10510 | &nbsp;&nbsp; 10788767 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 | 3300 | &nbsp;&nbsp; 3174982 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 | 4000 | &nbsp;&nbsp; 3429662 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(g)</sup> <br>| 0.00% | 11/01/2043 | 3886 | &nbsp;&nbsp; 2336686 |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - SGI)<sup>(d)</sup> <br>| 5.00% | 07/01/2025 | 100 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - AGI)<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 155 | &nbsp;&nbsp; 155006 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB (INS - NATL)<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 165 | &nbsp;&nbsp; 165007 |
| &nbsp;&nbsp;&nbsp; Series 2007 TT, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2037 | 65 | &nbsp;&nbsp; 35669 |
| &nbsp;&nbsp;&nbsp; Series 2007 UU, Ref. RB (INS - AGI)<sup>(d)</sup> <br>| 5.00% | 07/01/2026 | 1435 | &nbsp;&nbsp; 1435059 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(d)</sup> <br>| 5.25% | 07/01/2025 | 1705 | &nbsp;&nbsp; 1704995 |
| &nbsp;&nbsp;&nbsp; Series 2007 VV, Ref. RB (INS - NATL)<sup>(d)</sup> <br>| 5.25% | 07/01/2030 | 1000 | &nbsp;&nbsp; 996332 |
| &nbsp;&nbsp;&nbsp; Series 2010 CCC, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2026 | 1765 | &nbsp;&nbsp; 968544 |
| &nbsp;&nbsp;&nbsp; Series 2010 XX, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2027 | 250 | &nbsp;&nbsp; 137187 |
| &nbsp;&nbsp;&nbsp; Series 2010 ZZ, Ref. RB<sup>(b)</sup> <br>| 5.25% | 07/01/2025 | 1180 | &nbsp;&nbsp; 647525 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 | 4050 | &nbsp;&nbsp; 3850919 |
| &nbsp;&nbsp;&nbsp; Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control <br> Facilities Financing Authority (AES Puerto Rico);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 08/06/2009-03/25/2024; Cost $688,752)<sup>(c)</sup> <br>| 6.63% | 01/01/2027 | 596 | &nbsp;&nbsp; 589886 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 08/06/2009-01/08/2020; Cost $5,408,332)<sup>(c)</sup> <br>| 6.63% | 01/01/2028 | 4548 | &nbsp;&nbsp; 4484438 |
| Puerto Rico (Commonwealth of) Municipal Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB (INS - AGI)<sup>(d)</sup> <br>| 5.00% | 08/01/2027 | 745 | &nbsp;&nbsp; 749728 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB (INS - AGI)<sup>(d)</sup> <br>| 5.00% | 08/01/2030 | 305 | &nbsp;&nbsp; 306930 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2027 | 1027 | &nbsp;&nbsp; 945247 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2029 | 1003 | &nbsp;&nbsp; 851915 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.50% | 07/01/2034 | 7408 | &nbsp;&nbsp; 7358716 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.55% | 07/01/2040 | 538 | &nbsp;&nbsp; 513265 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2046 | 13831 | &nbsp;&nbsp; 4440225 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(g)</sup> <br>| 0.00% | 07/01/2051 | 11268 | &nbsp;&nbsp; 2660099 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 | 163 | &nbsp;&nbsp; 141248 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 | 2196 | &nbsp;&nbsp; 1968730 |
| University of Puerto Rico; Series 2006 Q, RB (Acquired 02/01/2012; Cost $5,000,000)<sup>(c)</sup> <br>| 5.00% | 06/01/2025 | 5000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; 83567329 |
| **Rhode Island–0.82%** | **Rhode Island–0.82%** | **Rhode Island–0.82%** | **Rhode Island–0.82%** | **Rhode Island–0.82%** |
| Pawtucket (City of), RI Housing Authority; Series 2010, RB | 5.50% | 09/01/2028 | 195 | &nbsp;&nbsp; 195334 |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group); Series 2024, RB | 5.25% | 05/15/2049 | 3650 | &nbsp;&nbsp; 3687493 |
| Rhode Island Housing & Mortgage Finance Corp.; Series 1992 10-A, RB | 6.50% | 04/01/2027 | 80 | &nbsp;&nbsp; 80168 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 4.50% | 06/01/2045 | 1310 | &nbsp;&nbsp; 1309925 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 5.00% | 06/01/2050 | 5175 | &nbsp;&nbsp; 5138482 |
|  |  |  |  | &nbsp;&nbsp; 10411402 |
| **South Carolina–1.11%** | **South Carolina–1.11%** | **South Carolina–1.11%** | **South Carolina–1.11%** | **South Carolina–1.11%** |
| Patriots Energy Group Financing Agency; Series 2023 A-1, RB<sup>(a)</sup> <br>| 5.25% | 08/01/2031 | 2500 | &nbsp;&nbsp; 2633119 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & <br> South of Broad Healthcare); Series 2024, RB<br>| 5.50% | 11/15/2044 | 1400 | &nbsp;&nbsp; 1400956 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy <br> Project);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 6.00% | 06/15/2035 | 1310 | &nbsp;&nbsp; 1312578 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 6.38% | 06/15/2045 | 1000 | &nbsp;&nbsp; 972225 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy); <br> Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/15/2044 | 2790 | &nbsp;&nbsp; 2658150 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Prism Health Obligated Group); <br> Series 2018, VRD RB<sup>(i)</sup> <br>| 1.45% | 05/01/2048 | 2000 | &nbsp;&nbsp; 2000000 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green <br> Community Program - AAC East LLC) (Green Bonds); Series 2019, RB<sup>(e)</sup> <br>| 7.00% | 05/01/2026 | $825 | &nbsp;&nbsp; $808547 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Public Service Authority (Santee Cooper); Series 2024 B, Ref. RB (INS - <br> AGI)<sup>(d)</sup> <br>| 5.00% | 12/01/2042 | 2250 | &nbsp;&nbsp; 2318182 |
|  |  |  |  | &nbsp;&nbsp; 14103757 |
| **Tennessee–2.45%** | **Tennessee–2.45%** | **Tennessee–2.45%** | **Tennessee–2.45%** | **Tennessee–2.45%** |
| Bristol (City of), TN Industrial Development Board (Pinnacle); Series 2016, RB | 5.00% | 06/01/2027 | 2590 | &nbsp;&nbsp; 2515742 |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (University Health); <br> Series 2017, Ref. RB<br>| 5.00% | 04/01/2036 | 2605 | &nbsp;&nbsp; 2612665 |
| &nbsp;&nbsp;&nbsp; Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial <br> Development Board (Graceland); Series 2017 A, Ref. RB<br>| 5.50% | 07/01/2037 | 350 | &nbsp;&nbsp; 256461 |
| &nbsp;&nbsp;&nbsp; Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational <br> Facilities Board (The) (Trousdale Foundation Properties); Series 2018 A, RB (Acquired <br> 08/29/2018-01/31/2019; Cost $1,602,821)<sup>(b)(c)(e)</sup> <br>| 5.25% | 04/01/2028 | 1607 | &nbsp;&nbsp; 20084 |
| &nbsp;&nbsp;&nbsp; Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway <br> Development);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 4.50% | 06/01/2028 | 685 | &nbsp;&nbsp; 688231 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)</sup> <br>| 5.13% | 06/01/2036 | 1000 | &nbsp;&nbsp; 1005521 |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(e)</sup> <br>| 5.38% | 09/01/2041 | 705 | &nbsp;&nbsp; 607653 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(e)</sup> <br>| 5.50% | 09/01/2047 | 200 | &nbsp;&nbsp; 169456 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2031 | 3000 | &nbsp;&nbsp; 2760850 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2037 | 1475 | &nbsp;&nbsp; 1279535 |
| Tennergy Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(a)</sup> <br>| 4.00% | 09/01/2028 | 3610 | &nbsp;&nbsp; 3605920 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2030 | 5950 | &nbsp;&nbsp; 6239228 |
| Tennessee Energy Acquisition Corp.; Series 2006 B, RB | 5.63% | 09/01/2026 | 9150 | &nbsp;&nbsp; 9305321 |
|  |  |  |  | &nbsp;&nbsp; 31066667 |
| **Texas–9.85%** | **Texas–9.85%** | **Texas–9.85%** | **Texas–9.85%** | **Texas–9.85%** |
| Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1); Series 2017, RB | 4.25% | 09/01/2027 | 195 | &nbsp;&nbsp; 195224 |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(a)(e)</sup> <br>| 4.88% | 06/15/2026 | 1000 | &nbsp;&nbsp; 998200 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 4.50% | 06/15/2044 | 1660 | &nbsp;&nbsp; 1507040 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 4.75% | 06/15/2049 | 1830 | &nbsp;&nbsp; 1653489 |
| Arlington Higher Education Finance Corp. (Cypress Christian School); Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2033 | 3790 | &nbsp;&nbsp; 3837599 |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas); Series 2024, RB | 4.50% | 08/15/2039 | 1500 | &nbsp;&nbsp; 1416408 |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 02/15/2031 | 2290 | &nbsp;&nbsp; 2125566 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.13% | 02/15/2041 | 3325 | &nbsp;&nbsp; 2614248 |
| Arlington Higher Education Finance Corp. (Newman International Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.38% | 08/15/2036 | 3835 | &nbsp;&nbsp; 3410697 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 5.00% | 08/15/2041 | 900 | &nbsp;&nbsp; 703295 |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.); Series 2023 A, RB<sup>(e)</sup> <br>| 5.25% | 02/15/2033 | 1950 | &nbsp;&nbsp; 1975056 |
| Arlington Higher Education Finance Corp. (UME Preparatory Academy); Series 2017 A, RB | 4.55% | 08/15/2028 | 410 | &nbsp;&nbsp; 407373 |
| Arlington Higher Education Finance Corp. (Winfree Academy Charter School); Series 2019, Ref. RB | 5.15% | 08/15/2029 | 1055 | &nbsp;&nbsp; 1058908 |
| Aubrey (City of), TX; Series 2025, RB<sup>(e)</sup> <br>| 4.63% | 12/31/2035 | 500 | &nbsp;&nbsp; 484528 |
| Austin (City of), TX; Series 2014, RB<sup>(f)</sup> <br>| 5.00% | 11/15/2044 | 4000 | &nbsp;&nbsp; 3926612 |
| Bastrop (City of), TX; Series 2025, RB<sup>(e)</sup> <br>| 5.38% | 09/01/2045 | 500 | &nbsp;&nbsp; 484158 |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/15/2026 | 250 | &nbsp;&nbsp; 250623 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/15/2041 | 1000 | &nbsp;&nbsp; 912420 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 07/15/2026 | 1000 | &nbsp;&nbsp; 1002491 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 07/15/2033 | 2630 | &nbsp;&nbsp; 2612609 |
| Boyd (City of), TX; Series 2025, RB<sup>(e)</sup> <br>| 5.63% | 09/15/2045 | 700 | &nbsp;&nbsp; 701957 |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 02/23/2022; Cost $400,919)<sup>(b)(c)(f)</sup> <br>| 7.00% | 03/01/2039 | 385 | &nbsp;&nbsp; 308000 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (Acquired 05/27/2021-02/23/2022; Cost $2,172,209)<sup>(b)(c)(e)(f)</sup> <br>| 9.00% | 03/01/2039 | 2035 | &nbsp;&nbsp; 1628000 |
| &nbsp;&nbsp;&nbsp; Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC); <br> Series 2021, RN<sup>(e)(f)</sup> <br>| 3.63% | 07/01/2026 | 3800 | &nbsp;&nbsp; 3635980 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Celina (City of), TX; Series 2025, RB<sup>(e)</sup> <br>| 5.38% | 09/01/2045 | $500 | &nbsp;&nbsp; $476621 |
| &nbsp;&nbsp;&nbsp; Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2); Series 2024, <br> RB<sup>(e)</sup> <br>| 5.13% | 09/01/2044 | 1250 | &nbsp;&nbsp; 1161850 |
| Clifton Higher Education Finance Corp. (International Leadership of Texas); Series 2018 D, RB | 5.75% | 08/15/2033 | 2000 | &nbsp;&nbsp; 2005099 |
| Crandall (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 4.13% | 09/15/2026 | 100 | &nbsp;&nbsp; 99359 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 4.75% | 09/15/2031 | 100 | &nbsp;&nbsp; 99028 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)</sup> <br>| 5.25% | 09/15/2051 | 500 | &nbsp;&nbsp; 461218 |
| &nbsp;&nbsp;&nbsp; Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3); <br> Series 2025, RB<sup>(e)</sup> <br>| 5.25% | 09/15/2045 | 545 | &nbsp;&nbsp; 515624 |
| Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1); Series 2025, RB<sup>(e)</sup> <br>| 5.50% | 09/15/2045 | 560 | &nbsp;&nbsp; 531688 |
| Gulf Coast Industrial Development Authority; Series 1998, RB<sup>(f)</sup> <br>| 8.00% | 04/01/2028 | 340 | &nbsp;&nbsp; 340371 |
| Houston (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011, Ref. RB<sup>(f)</sup> <br>| 6.50% | 07/15/2030 | 1450 | &nbsp;&nbsp; 1453665 |
| &nbsp;&nbsp;&nbsp; Series 2014 D, Ref. RB | 5.00% | 11/15/2044 | 2000 | &nbsp;&nbsp; 2001313 |
| &nbsp;&nbsp;&nbsp; Series 2015 B-1, RB<sup>(f)</sup> <br>| 5.00% | 07/15/2030 | 5000 | &nbsp;&nbsp; 4999707 |
| &nbsp;&nbsp;&nbsp; Series 2015 B-1, RB<sup>(f)</sup> <br>| 5.00% | 07/15/2035 | 7700 | &nbsp;&nbsp; 7681419 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(f)</sup> <br>| 5.50% | 07/15/2036 | 1000 | &nbsp;&nbsp; 1033941 |
| Houston (City of), TX Airport System (United Airlines, Inc. Terminal E); Series 2014, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2029 | 1500 | &nbsp;&nbsp; 1500001 |
| Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB<sup>(f)</sup> <br>| 5.00% | 07/15/2028 | 1000 | &nbsp;&nbsp; 1004459 |
| Houston Higher Education Finance Corp. (Houston Baptist University); Series 2021, RB | 3.38% | 10/01/2037 | 700 | &nbsp;&nbsp; 601363 |
| Laredo (City of), TX; Series 2024, RB | 5.00% | 03/01/2040 | 1000 | &nbsp;&nbsp; 1051281 |
| &nbsp;&nbsp;&nbsp; Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.); Series 2016, Ref. <br> RB<sup>(b)</sup> <br>| 5.00% | 02/15/2035 | 220 | &nbsp;&nbsp; 2200 |
| Mission Economic Development Corp. (Green Bonds); Series 2025, RB<sup>(a)(f)</sup> <br>| 5.00% | 06/01/2030 | 2125 | &nbsp;&nbsp; 2171750 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(e)(f)</sup> <br>| 4.63% | 10/01/2031 | 7500 | &nbsp;&nbsp; 7491806 |
| New Hope Cultural Education Facilities Finance Corp.; Series 2025 A, RB | 6.25% | 10/01/2045 | 5000 | &nbsp;&nbsp; 4808747 |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 4.00% | 07/01/2028 | 2375 | &nbsp;&nbsp; 2338388 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/01/2036 | 3950 | &nbsp;&nbsp; 3911749 |
| New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy); Series 2020 A, RB<sup>(e)</sup> <br>| 4.00% | 08/15/2030 | 4805 | &nbsp;&nbsp; 4484026 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Forefront Living - Bella Vida); Series 2025, <br> Ref. RB<br>| 4.25% | 10/01/2030 | 3000 | &nbsp;&nbsp; 2988245 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy); <br> Series 2018 A, RB<sup>(e)</sup> <br>| 6.00% | 08/15/2037 | 1000 | &nbsp;&nbsp; 942152 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries); Series 2022, Ref. <br> RB<br>| 4.00% | 01/01/2032 | 1500 | &nbsp;&nbsp; 1397855 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); <br> Series 2016 A, RB<br>| 5.38% | 11/15/2036 | 1165 | &nbsp;&nbsp; 1013146 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)); Series 2022, <br> RB<br>| 5.50% | 10/01/2027 | 2360 | &nbsp;&nbsp; 2360085 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); Series 2018, <br> Ref. RB<br>| 5.00% | 10/01/2039 | 1000 | &nbsp;&nbsp; 913329 |
| Port Beaumont Navigation District (Jefferson Gulf Coast Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)(f)</sup> <br>| 2.50% | 01/01/2030 | 2150 | &nbsp;&nbsp; 1970996 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(e)(f)</sup> <br>| 2.63% | 01/01/2031 | 800 | &nbsp;&nbsp; 723664 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)(f)</sup> <br>| 5.00% | 01/01/2039 | 1000 | &nbsp;&nbsp; 968091 |
| Princeton (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.38% | 09/01/2045 | 420 | &nbsp;&nbsp; 403754 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 5.38% | 09/01/2045 | 500 | &nbsp;&nbsp; 480659 |
| &nbsp;&nbsp;&nbsp; Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. <br> 2); Series 2025, RB<sup>(e)</sup> <br>| 5.35% | 09/01/2045 | 750 | &nbsp;&nbsp; 716154 |
| &nbsp;&nbsp;&nbsp; Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); Series 2016, <br> RB<br>| 5.38% | 09/15/2030 | 665 | &nbsp;&nbsp; 669813 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB (Acquired 12/15/2016; Cost $1,011,589)<sup>(b)(c)</sup> <br>| 6.00% | 02/15/2031 | 1000 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 11/05/2019; Cost $3,271,528)<sup>(b)(c)</sup> <br>| 6.38% | 02/15/2041 | 3000 | &nbsp;&nbsp; 1950000 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Cook Children's Medical Center); <br> Series 2025, RB<sup>(k)</sup> <br>| 5.25% | 12/01/2049 | 10000 | &nbsp;&nbsp; 10381989 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 11/15/2027 | $265 | &nbsp;&nbsp; $256806 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.25% | 11/15/2031 | 1000 | &nbsp;&nbsp; 957300 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)); <br> Series 2024 A, RB<br>| 5.75% | 12/01/2054 | 1699 | &nbsp;&nbsp; 1421297 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Trinity Terrace Project); Series 2024, <br> Ref. RB<br>| 5.00% | 10/01/2044 | 1375 | &nbsp;&nbsp; 1361709 |
| &nbsp;&nbsp;&nbsp; Travis County Development Authority (Longview 71 Public Improvement District Improvement <br> Area No. 1); Series 2024, RB<sup>(e)</sup> <br>| 4.25% | 09/01/2032 | 477 | &nbsp;&nbsp; 466241 |
| &nbsp;&nbsp;&nbsp; Travis County Development Authority (Turner's Crossing Public Improvement District Improvement <br> Area No. 1);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2044 | 700 | &nbsp;&nbsp; 660765 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 09/01/2054 | 1175 | &nbsp;&nbsp; 1088281 |
|  |  |  |  | &nbsp;&nbsp; 124819485 |
| **Utah–2.82%** | **Utah–2.82%** | **Utah–2.82%** | **Utah–2.82%** | **Utah–2.82%** |
| Black Desert Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 3.25% | 03/01/2031 | 1050 | &nbsp;&nbsp; 986422 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(e)</sup> <br>| 3.50% | 03/01/2036 | 1750 | &nbsp;&nbsp; 1554560 |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1); Series 2024, RB<sup>(e)</sup> <br>| 5.63% | 12/01/2043 | 1978 | &nbsp;&nbsp; 1930926 |
| Mida Golf and Equestrian Center Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, GO Bonds<sup>(e)</sup> <br>| 4.25% | 06/01/2041 | 2205 | &nbsp;&nbsp; 1791626 |
| &nbsp;&nbsp;&nbsp; Series 2021, GO Bonds<sup>(e)</sup> <br>| 4.50% | 06/01/2051 | 2500 | &nbsp;&nbsp; 2004977 |
| Mida Mountain Village Public Infrastructure District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 4.25% | 08/01/2035 | 1645 | &nbsp;&nbsp; 1593068 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 4.50% | 08/01/2040 | 1205 | &nbsp;&nbsp; 1138483 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, RB<sup>(e)</sup> <br>| 5.50% | 06/15/2039 | 2250 | &nbsp;&nbsp; 2241754 |
| Military Installation Development Authority; Series 2021 A-2, RB | 4.00% | 06/01/2041 | 1250 | &nbsp;&nbsp; 1090662 |
| Olympia Public Infrastructure District No. 1; Series 2024 A-2, RB<sup>(e)</sup> <br>| 5.13% | 12/01/2029 | 4000 | &nbsp;&nbsp; 4032059 |
| Peaks Public Infrastructure District (Peaks Assessment Area); Series 2024, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2053 | 1450 | &nbsp;&nbsp; 1314014 |
| Sienna Hills Public Infrastructure District No. 1; Series 2023 A, GO Bonds<sup>(e)</sup> <br>| 6.75% | 07/01/2035 | 2500 | &nbsp;&nbsp; 2496894 |
| UIPA Crossroads Public Infrastructure District; Series 2021, RB<sup>(e)</sup> <br>| 4.13% | 06/01/2041 | 3000 | &nbsp;&nbsp; 2700406 |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 4.25% | 06/15/2027 | 960 | &nbsp;&nbsp; 944695 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 4.50% | 06/15/2032 | 2000 | &nbsp;&nbsp; 1898317 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2037 | 3515 | &nbsp;&nbsp; 3297591 |
| &nbsp;&nbsp;&nbsp; Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The)); <br> Series 2017, Ref. RB<sup>(e)</sup> <br>| 4.50% | 06/15/2027 | 100 | &nbsp;&nbsp; 98978 |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 4.50% | 06/15/2029 | 500 | &nbsp;&nbsp; 489046 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2034 | 1270 | &nbsp;&nbsp; 1231802 |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1); Series 2023, RB<sup>(e)</sup> <br>| 7.00% | 12/01/2042 | 3000 | &nbsp;&nbsp; 2913807 |
|  |  |  |  | &nbsp;&nbsp; 35750087 |
| **Virginia–0.67%** | **Virginia–0.67%** | **Virginia–0.67%** | **Virginia–0.67%** | **Virginia–0.67%** |
| Peninsula Town Center Community Development Authority; Series 2018, Ref. RB<sup>(e)</sup> <br>| 4.50% | 09/01/2028 | 1195 | &nbsp;&nbsp; 1198189 |
| Virginia (Commonwealth of) Small Business Financing Authority (Covanta); Series 2018, RB<sup>(a)(e)(f)</sup> <br>| 5.00% | 07/01/2038 | 2310 | &nbsp;&nbsp; 2221732 |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B-3, RB | 5.38% | 09/01/2029 | 4000 | &nbsp;&nbsp; 4033066 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 7.00% | 09/01/2059 | 1000 | &nbsp;&nbsp; 1088416 |
|  |  |  |  | &nbsp;&nbsp; 8541403 |
| **Washington–1.27%** | **Washington–1.27%** | **Washington–1.27%** | **Washington–1.27%** | **Washington–1.27%** |
| Kalispel Tribe of Indians; 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 | 65 | &nbsp;&nbsp; 65001 |
| King (County of), WA Housing Authority (Rural Preservation); Series 1997, RB<sup>(f)</sup> <br>| 5.75% | 01/01/2028 | 5 | &nbsp;&nbsp; 5003 |
| King (County of), WA Public Hospital District No. 4; Series 2015 A, RB | 6.25% | 12/01/2045 | 1700 | &nbsp;&nbsp; 1677850 |
| Port of Seattle Industrial Development Corp. (Delta Airlines); Series 2012, Ref. RB<sup>(f)</sup> <br>| 5.00% | 04/01/2030 | 6475 | &nbsp;&nbsp; 6474674 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Bayview Manor Homes); Series 2016 A, Ref. <br> RB<sup>(e)</sup> <br>| 4.00% | 07/01/2026 | 240 | &nbsp;&nbsp; 238704 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.); Series 2016, <br> Ref. RB<sup>(e)</sup> <br>| 5.00% | 01/01/2036 | $1755 | &nbsp;&nbsp; $1730172 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Spokane International Academy); <br> Series 2021 A, RB<sup>(e)</sup> <br>| 4.00% | 07/01/2040 | 1640 | &nbsp;&nbsp; 1405583 |
| Washington (State of) Housing Finance Commission (The Hearthstone); Series 2018 A, Ref. RB<sup>(e)</sup> <br>| 4.50% | 07/01/2028 | 760 | &nbsp;&nbsp; 719742 |
| Washington (State of) Housing Finance Commission (Transforming Age); Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2039 | 1000 | &nbsp;&nbsp; 966217 |
| Washington State Housing Finance Commission; Series 2025, RB (INS - BAM)<sup>(d)(e)</sup> <br>| 5.00% | 07/01/2045 | 2750 | &nbsp;&nbsp; 2717395 |
|  |  |  |  | &nbsp;&nbsp; 16102113 |
| **West Virginia–0.79%** | **West Virginia–0.79%** | **West Virginia–0.79%** | **West Virginia–0.79%** | **West Virginia–0.79%** |
| &nbsp;&nbsp;&nbsp; Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development <br> District); Series 2019 A, RB<sup>(b)(e)(l)</sup> <br>| 5.75% | 06/01/2042 | 1000 | &nbsp;&nbsp; 691225 |
| &nbsp;&nbsp;&nbsp; Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre); Series 2023, <br> Ref. RB<sup>(e)</sup> <br>| 5.75% | 06/01/2043 | 875 | &nbsp;&nbsp; 899035 |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 07/01/2026 | 1000 | &nbsp;&nbsp; 1000563 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 4.00% | 07/01/2035 | 190 | &nbsp;&nbsp; 165427 |
| &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>| 4.50% | 06/01/2027 | 1340 | &nbsp;&nbsp; 1343430 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Commercial Metals Co.); Series 2025, <br> RB<sup>(a)(f)</sup> <br>| 4.63% | 05/15/2032 | 5000 | &nbsp;&nbsp; 4974340 |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(b)(e)(f)</sup> <br>| 6.75% | 02/01/2026 | 1000 | &nbsp;&nbsp; 700000 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)(e)(f)</sup> <br>| 8.75% | 02/01/2036 | 320 | &nbsp;&nbsp; 256000 |
|  |  |  |  | &nbsp;&nbsp; 10030020 |
| **Wisconsin–5.50%** | **Wisconsin–5.50%** | **Wisconsin–5.50%** | **Wisconsin–5.50%** | **Wisconsin–5.50%** |
| Lomira (Village of), WI Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 3.65% | 10/01/2028 | 705 | &nbsp;&nbsp; 691767 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 3.75% | 10/01/2029 | 175 | &nbsp;&nbsp; 168237 |
| Wisconsin (State of) Health & Educational Facilities Authority (Benevolent Corp. Cedar Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 06/01/2028 | 1205 | &nbsp;&nbsp; 1208964 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 06/01/2037 | 2770 | &nbsp;&nbsp; 2649322 |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2039 | 1000 | &nbsp;&nbsp; 959840 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 11/01/2046 | 1650 | &nbsp;&nbsp; 1462395 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II); <br> Series 2024, RB<br>| 6.00% | 10/01/2044 | 300 | &nbsp;&nbsp; 301278 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(e)</sup> <br>| 7.00% | 02/01/2028 | 665 | &nbsp;&nbsp; 665911 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 5.38% | 06/01/2037 | 670 | &nbsp;&nbsp; 662087 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(e)</sup> <br>| 5.75% | 10/01/2043 | 1775 | &nbsp;&nbsp; 1787372 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 12.00% | 05/16/2029 | 1315 | &nbsp;&nbsp; 1415201 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center); Series 2017 A, RB <br> (Acquired 12/01/2017; Cost $2,000,000)<sup>(b)(c)(e)</sup> <br>| 6.25% | 10/01/2031 | 2000 | &nbsp;&nbsp; 200000 |
| Wisconsin (State of) Public Finance Authority (Alamance Community School); Series 2021 A, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2041 | 510 | &nbsp;&nbsp; 448048 |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch); Series 2024, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/15/2038 | 5000 | &nbsp;&nbsp; 2220426 |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(e)</sup> <br>| 6.25% | 08/01/2027 | 500 | &nbsp;&nbsp; 483750 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(e)</sup> <br>| 6.75% | 08/01/2031 | 500 | &nbsp;&nbsp; 448750 |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(e)</sup> <br>| 4.25% | 06/15/2031 | 550 | &nbsp;&nbsp; 503717 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2041 | 615 | &nbsp;&nbsp; 518169 |
| Wisconsin (State of) Public Finance Authority (Astro Texas Land); Series 2024, RB<sup>(a)(h)</sup> <br>| 5.50% | 06/01/2025 | 2350 | &nbsp;&nbsp; 2350000 |
| Wisconsin (State of) Public Finance Authority (Campus Real Estate Holdings); Series 2025, Ref. RB | 5.25% | 06/01/2045 | 350 | &nbsp;&nbsp; 343013 |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.38% | 06/15/2039 | 250 | &nbsp;&nbsp; 239015 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.70% | 06/15/2044 | 400 | &nbsp;&nbsp; 382435 |
| Wisconsin (State of) Public Finance Authority (Community School of Davidson); Series 2018, RB | 5.00% | 10/01/2033 | 360 | &nbsp;&nbsp; 362484 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2039 |  | $4200 | &nbsp;&nbsp; $4143198 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(e)</sup> <br>| 6.13% | 02/01/2039 |  | 4175 | &nbsp;&nbsp; 4118536 |
| Wisconsin (State of) Public Finance Authority (Indigo); Series 2023, RB<sup>(e)(g)</sup> <br>| 0.00% | 12/01/2028 |  | 6000 | &nbsp;&nbsp; 4537676 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (KSU Bixby Real Estate Foundation, LLC); <br> Series 2025, RB<br>| 5.25% | 06/15/2045 |  | 550 | &nbsp;&nbsp; 547649 |
| Wisconsin (State of) Public Finance Authority (Lariat); Series 2023, RB<sup>(e)(g)</sup> <br>| 0.00% | 09/01/2029 |  | 2225 | &nbsp;&nbsp; 1637178 |
| Wisconsin (State of) Public Finance Authority (Mallard Creek Stem Academy); Series 2019 A, RB<sup>(e)</sup> <br>| 4.38% | 06/15/2029 |  | 1045 | &nbsp;&nbsp; 1038042 |
| Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 12/15/2034 |  | 825 | &nbsp;&nbsp; 841135 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 12/15/2039 |  | 700 | &nbsp;&nbsp; 687261 |
| Wisconsin (State of) Public Finance Authority (Miami Worldcenter); Series 2024 A, RB<sup>(e)</sup> <br>| 5.00% | 06/01/2041 |  | 2300 | &nbsp;&nbsp; 2264975 |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 7.25% | 06/01/2035 |  | 3800 | &nbsp;&nbsp; 3969884 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(e)(f)</sup> <br>| 7.13% | 06/01/2041 |  | 145 | &nbsp;&nbsp; 150891 |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2039 |  | 440 | &nbsp;&nbsp; 420007 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2049 |  | 540 | &nbsp;&nbsp; 489126 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon <br> Campus);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 4.00% | 07/15/2039 |  | 750 | &nbsp;&nbsp; 669194 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 4.25% | 07/15/2044 |  | 2350 | &nbsp;&nbsp; 2051182 |
| Wisconsin (State of) Public Finance Authority (Proton International); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(e)</sup> <br>| 5.50% | 01/01/2031 |  | 5375 | &nbsp;&nbsp; 4559007 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(e)</sup> <br>| 6.50% | 01/01/2041 |  | 3110 | &nbsp;&nbsp; 2286446 |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy); Series 2023, RB<sup>(e)</sup> <br>| 6.00% | 07/15/2043 |  | 690 | &nbsp;&nbsp; 709935 |
| 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 (Rans-Elevon); Series 2024, RB<sup>(e)</sup> <br>| 5.00% | 07/15/2030 |  | 3000 | &nbsp;&nbsp; 2987062 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); <br> Series 2022, RB<sup>(e)(h)</sup> <br>| 4.00% | 04/01/2032 |  | 10 | &nbsp;&nbsp; 10192 |
| Wisconsin (State of) Public Finance Authority (Signorelli); Series 2024, RB<sup>(e)</sup> <br>| 5.38% | 12/15/2032 |  | 1922 | &nbsp;&nbsp; 1921824 |
| Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs); Series 2024, RB | 5.00% | 08/01/2039 |  | 1600 | &nbsp;&nbsp; 1545818 |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy); Series 2022 A, RB<sup>(e)</sup> <br>| 4.50% | 06/15/2032 |  | 500 | &nbsp;&nbsp; 498588 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 3000 | &nbsp;&nbsp; 2937244 |
|  |  |  |  |  | &nbsp;&nbsp; 69635621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,295,183,340) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,295,183,340) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,295,183,340) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,295,183,340) |  | &nbsp;&nbsp; 1251921956 |
|  |  |  | **Shares** | **Shares** |  |
| **Exchange-Traded Funds–0.07%** | **Exchange-Traded Funds–0.07%** | **Exchange-Traded Funds–0.07%** | **Exchange-Traded Funds–0.07%** | **Exchange-Traded Funds–0.07%** | **Exchange-Traded Funds–0.07%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,610)<sup>(m)</sup> <br>|  |  |  | 17000 | &nbsp;&nbsp; 851618 |
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** |  |
| **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** | **U.S. Dollar Denominated Bonds & Notes–0.04%** |
| **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** | **California–0.01%** |
| CalPlant I LLC; Exit Facility<sup>(e)(l)</sup> <br>| 15.00% | 07/01/2025 |  | $770 | &nbsp;&nbsp; 151086 |
| **Puerto Rico–0.01%** | **Puerto Rico–0.01%** | **Puerto Rico–0.01%** | **Puerto Rico–0.01%** | **Puerto Rico–0.01%** | **Puerto Rico–0.01%** |
| AES Puerto Rico, Inc.<sup>(l)</sup> <br>| 12.50% | 03/04/2026 |  | 148 | &nbsp;&nbsp; 143767 |
| **Texas–0.02%** | **Texas–0.02%** | **Texas–0.02%** | **Texas–0.02%** | **Texas–0.02%** | **Texas–0.02%** |
| Gladieux Metals Recycling LLC | 15.00% | 05/08/2026 |  | 265 | &nbsp;&nbsp; 254400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,171,821) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,171,821) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,171,821) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,171,821) |  | &nbsp;&nbsp; 549253 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** |
| &nbsp;&nbsp;&nbsp; Resolute Forest Products, Inc. <br>(Cost $9,595)<br>|  |  |  | 6757 | &nbsp;&nbsp; 9595 |

---

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $0)<sup>(l)</sup> <br>|  | 100023 | &nbsp;&nbsp; $0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–98.92% (Cost $1,297,237,366) | TOTAL INVESTMENTS IN SECURITIES<sup>(n)</sup>–98.92% (Cost $1,297,237,366) |  | &nbsp;&nbsp; 1253332422 |
| FLOATING RATE NOTE OBLIGATIONS–(1.02)% | FLOATING RATE NOTE OBLIGATIONS–(1.02)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 2.52% to 2.53% at 05/31/2025 and <br>contractual maturities of collateral ranging from 12/01/2049 to 07/01/2054<sup>(o)</sup> <br>|  |  | &nbsp;&nbsp; (12925000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.10% | OTHER ASSETS LESS LIABILITIES–2.10% |  | &nbsp;&nbsp; 26617050 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $1267024472 |

---

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 |
| ETF | – Exchange-Traded Fund |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SGI | – Syncora Guarantee, Inc. |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

<sup>(b)</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 $13,262,525, which represented 1.05% of the Fund's Net Assets. 

<sup>(c)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $21,985,187, which represented 1.74% of the Fund's Net Assets.

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

<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 $434,393,978, which represented 34.28% of the Fund's Net Assets. 

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

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

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

<sup>(i)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on May 31, 2025. 

<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> Underlying security related to TOB Trusts entered into by the Fund.

<sup>(l)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(m)</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 nine months ended May 31, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2024**<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\* | $873372 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(21754) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $851618 | &nbsp;&nbsp; $27151 |

---

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

\* Effective February 24, 2025, the underlying fund's name changed.

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

<sup>(n)</sup> Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. No concentration of any single entity was greater than 5% each. 

<sup>(o)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at May 31, 2025. At May 31, 2025, the Fund's investments with a value of $17,817,204 are held by TOB Trusts and serve as collateral for the $12,925,000 in the floating rate note obligations outstanding at that date. 

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

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

**Invesco Short Duration High Yield Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Short Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 563 | September-2025 | &nbsp;&nbsp;&nbsp; $(62352250)<br>| &nbsp;&nbsp;&nbsp; $(352815)<br>| &nbsp;&nbsp;&nbsp; $(352815)<br>|

---

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

<sup>(a)</sup> Futures contracts collateralized by $1,055,700 cash held with Goldman Sachs International, the futures commission merchant.

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 Short Duration High Yield Municipal 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; $1251230731 | &nbsp;&nbsp;&nbsp;&nbsp; $691225 | &nbsp;&nbsp;&nbsp;&nbsp; $1251921956 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 851618 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 254400 | &nbsp;&nbsp;&nbsp;&nbsp; 294853 | &nbsp;&nbsp;&nbsp;&nbsp; 549253 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9595 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9595 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 851618 | &nbsp;&nbsp;&nbsp;&nbsp; 1251494726 | &nbsp;&nbsp;&nbsp;&nbsp; 986078 | &nbsp;&nbsp;&nbsp;&nbsp; 1253332422 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7231660 | &nbsp;&nbsp;&nbsp;&nbsp; 50035 | &nbsp;&nbsp;&nbsp;&nbsp; 7281695 |
| **Other Investments - Liabilities** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (352815)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (352815)<br>|
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $498803 | &nbsp;&nbsp;&nbsp;&nbsp; $1258726386 | &nbsp;&nbsp;&nbsp;&nbsp; $1036113 | &nbsp;&nbsp;&nbsp;&nbsp; $1260261302 |

---

**Invesco Short Duration High Yield Municipal 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 Counselor Series Trust (Invesco Counselor Series Trust)

- **b. Investment Company Act file number:** 811-09913

- **c. CIK number of Registrant:** 0001112996

- **d. LEI of Registrant:** LZYC3CZ7P12IRF1LLV60

- **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 Short Duration High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000051015

- **c. LEI of Series:** 549300GXC1TW4NE0GC38

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

- **a. Date of fiscal year-end:** 2025-08-31

- **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:** $1291316496.78

**Total Liabilities:** $26018504.81

**Net Assets:** $1265297991.97

**Delayed Delivery Securities:** $7630829.50

**Cash Not Reported:** $15409733.29

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1313.09268247 | **1-Year:** -13746.05788216 | **5-Year:** -44751.78446535 | **10-Year:** -99344.80488370 | **30-Year:** -32249.39583626

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

- **3-Month:** -3069.64450588 | **1-Year:** -41233.39056286 | **5-Year:** -115428.42152046 | **10-Year:** -180478.35957988 | **30-Year:** -53418.87685492

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000160735 | -0.90%               | -1.12%               | 0.26%                |
| Class ID C000188892 | -0.77%               | -1.09%               | 0.18%                |
| Class ID C000160736 | -0.96%               | -1.18%               | 0.20%                |
| Class ID C000160737 | -0.77%               | -1.10%               | 0.18%                |
| Class ID C000160738 | -0.86%               | -1.08%               | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $230129.78               | $-15360449.35                              |
| Month 2  | $-1149020.25             | $-16307013.11                              |
| Month 3  | $-3757279.99             | $2392723.60                                |

**Designated Index Information**

- **Index Name:** 40% S&P Muni Bond Short Index, 60% S&P Muni Bond High Yield 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150008.10    | 0.01%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cobb (County of), GA Development Authority (The) (Northwest Classical Academy)                                                                       | Cobb (County of), GA Development Authority (The) (Northwest Classical Academy), Series 2023, RB                                                        | CUSIP: 190779AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007641.70   | 0.08%             | 2033-06-15      | Fixed         | 5.20%                 | 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: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999857.40   | 0.16%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                                                             | Massachusetts Development Finance Agency, Series 2025, RB                                                                                              | CUSIP: 57585BKG2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263950.50   | 0.10%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2020 A, RB                                                                                | CUSIP: 59561TAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1138483.16   | 0.09%             | 2040-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  11268000 | PA      | $2660098.73   | 0.21%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens)                                                                | Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens), Series 2018 A-1, RB                                             | CUSIP: 67556TCW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1856271.13   | 0.15%             | 2028-12-01      | Fixed         | 5.75%                 | 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        |   2640000 | PA      | $2605356.60   | 0.21%             | 2043-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1507039.63   | 0.12%             | 2044-06-15      | Fixed         | 4.50%                 | 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: 25483WAJ1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1262056.97   | 0.10%             | 2035-10-01      | Fixed         | 5.00%                 | 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        |   3000000 | PA      | $2937243.60   | 0.23%             | 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        |   5000000 | PA      | $5034525.00   | 0.40%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterford Township Economic Development Corp.                                                                                                        | Waterford Township Economic Development Corp., Series 2016 A, RB                                                                                       | CUSIP: 941ESCAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $218540.00    | 0.02%             | 2026-07-01      | Fixed         | 0.00%                 | 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        |   7645000 | PA      | $7732984.01   | 0.61%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                                            | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                              | CUSIP: 472682ZP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1539733.80   | 0.12%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Prairie Seeds Academy)                                                                                                  | Brooklyn Park (City of), MN (Prairie Seeds Academy), Series 2024, Ref. RB                                                                              | CUSIP: 114224AP3<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2614677.98   | 0.21%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     65000 | PA      | $35668.75     | 0.00%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAB5<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1438813.95   | 0.11%             | 2044-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024, RB                                                                                              | CUSIP: 85950TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    852000 | PA      | $852385.10    | 0.07%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3)                                                                | Crandall (City of), TX (River Ridge Public Improvement Disctrict Improvement Area #3), Series 2025, RB                                                 | CUSIP: 224384AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $515624.06    | 0.04%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                                                 | City of Princeton TX, Series 2025, RB                                                                                                                  | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $403753.81    | 0.03%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Parterre Metropolitan District No 5                                                                                                                  | Parterre Metropolitan District No 5, Series 2025, GO Bonds                                                                                             | CUSIP: 70211AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $908358.34    | 0.07%             | 2035-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 7                                                                                                           | Prairie Center Metropolitan District No. 7, Series 2021, GO Bonds                                                                                      | CUSIP: 739491AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1297612.37   | 0.10%             | 2046-06-15      | Fixed         | 6.38%                 | 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: 51778VAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $309925.62    | 0.02%             | 2040-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy)                                                                    | Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy), Series 2019, RB                                                     | CUSIP: 74442EEF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    440000 | PA      | $420007.24    | 0.03%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno N.V.                                                                                                                                    | City of Reno N.V., Series 2025, RB                                                                                                                     | CUSIP: 759865CD8<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    825000 | PA      | $802693.40    | 0.06%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1)                                                                     | Argyle (Town of), TX (The Highlands of Argyle Public Improvement District No. 1), Series 2017, RB                                                      | CUSIP: 04033EAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195224.04    | 0.02%             | 2027-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                                | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 A, RB                               | CUSIP: 41524TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $691225.00    | 0.05%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  3 | 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: 509893AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1240697.77   | 0.10%             | 2038-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                                          | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                         | CUSIP: 5742182J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215757.57    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPJ5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1704994.89   | 0.13%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy)                                                                   | California (State of) Municipal Finance Authority (Bella Mente Montessori Academy), Series 2018 A, RB                                                  | CUSIP: 130486BB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3300014.43   | 0.26%             | 2038-06-01      | 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: 64542UBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2338388.19   | 0.18%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1)                                           | Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1), Series 2025, RB                            | CUSIP: 89441ABB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1088281.36   | 0.09%             | 2054-09-01      | Fixed         | 5.25%                 | 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        |    775000 | PA      | $656433.91    | 0.05%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project), Series 2024, RB                                     | CUSIP: 83704MEN2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1312577.95   | 0.10%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Madison Academy)                                                                                              | Michigan (State of) Finance Authority (Madison Academy), Series 2021, Ref. RB                                                                          | CUSIP: 594479GT8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1180384.68   | 0.09%             | 2039-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Boyd TX                                                                                                                                      | City of Boyd TX, Series 2025, RB                                                                                                                       | CUSIP: 103341AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701957.48    | 0.06%             | 2045-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (IPS Florida LLC-Idea)                                                                                             | Florida Development Finance Corp. (IPS Florida LLC-Idea), Series 2022, RB                                                                              | CUSIP: 34061VAA4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993636.60    | 0.08%             | 2029-06-15      | Fixed         | 5.25%                 | 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        |   3370000 | PA      | $3371136.70   | 0.27%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                    | Verve Metropolitan District No. 1, Series 2023, GO Bonds                                                                                               | CUSIP: 92538YAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2910317.45   | 0.23%             | 2033-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                               | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2017, RB                                                | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $49.50        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Las Vegas (City of), NV Special Improvement District No. 613                                                                                         | Las Vegas (City of), NV Special Improvement District No. 613, Series 2024, RB                                                                          | CUSIP: 51779CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $394143.56    | 0.03%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                                   | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                                             | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1309924.54   | 0.10%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma (County of), OK Finance Authority (Astec)                                                                                                   | Oklahoma (County of), OK Finance Authority (Astec), Series 2024, RB                                                                                    | CUSIP: 67868WAA7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    700000 | PA      | $690825.03    | 0.05%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (Gas)                                                                                                           | Black Belt Energy Gas District (The) (Gas), Series 2022 F, RB                                                                                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2607152.50   | 0.21%             | 2028-12-01      | Variable      | 5.50%                 | 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        |   2500000 | PA      | $2490175.00   | 0.20%             | 2031-10-01      | Variable      | 4.38%                 | 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: 64542UEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913328.60    | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | 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        |   2350000 | PA      | $2350000.00   | 0.19%             | 2028-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (American Charter Schools Foundation)                                                            | Arizona (State of) Industrial Development Authority (American Charter Schools Foundation), Series 2017, Ref. RB                                        | CUSIP: 04052BAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1401442.58   | 0.11%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nine Mile Metropolitan District                                                                                                                      | Nine Mile Metropolitan District, Series 2020, RB                                                                                                       | CUSIP: 65442PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1852308.40   | 0.15%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ranches at Lake Mcleod Community Development District                                                                                                | Ranches at Lake Mcleod Community Development District, Series 2025, RB                                                                                 | CUSIP: 752041AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $581707.62    | 0.05%             | 2045-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Elim Senior Housing, Inc.)                                                                                               | Capital Trust Agency, Inc. (Elim Senior Housing, Inc.), Series 2017, RB                                                                                | CUSIP: 140542AE1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942280.30    | 0.07%             | 2032-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC)                                                                                               | Clear Lake (City of), IA (Timbercrest Apartments, LLC), Series 2018, RB                                                                                | CUSIP: 184635AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $640217.09    | 0.05%             | 2028-10-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Villages at Castle Rock Metropolitan District No. 6                                                                                                  | Villages at Castle Rock Metropolitan District No. 6, Series 2021 B, Ref. GO Bonds                                                                      | CUSIP: 92706LAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    166000 | PA      | $151821.56    | 0.01%             | 2051-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Gas Worx Community Development District                                                                                                              | Gas Worx Community Development District, Series 2025, RB                                                                                               | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990557.30    | 0.08%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools)                                                                | Pima (County of), AZ Industrial Development Authority (The) (Arizona Charter Schools), Series 2013 Q, Ref. RB                                          | CUSIP: 72177MNZ6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3955011.47   | 0.31%             | 2031-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Greater Arizona Development Authority                                                                                                                | Greater Arizona Development Authority, Series 2007 A, RB                                                                                               | CUSIP: 391577MP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5002.89      | 0.00%             | 2032-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                            | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $712506.57    | 0.06%             | 2041-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                     | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 A, RB                                                                    | CUSIP: 19648FTG9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $896288.09    | 0.07%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                                                  | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                            | CUSIP: 50826FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3438501.30   | 0.27%             | 2030-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College)                                                                         | Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2025, Ref. RB                                                     | CUSIP: 57585BDZ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027646.10   | 0.08%             | 2045-01-01      | Fixed         | 5.25%                 | 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        |   1475000 | PA      | $1279534.48   | 0.10%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Copper Ridge Metropolitan District                                                                                                                   | Copper Ridge Metropolitan District, Series 2019, RB                                                                                                    | CUSIP: 217558AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2497468.05   | 0.20%             | 2043-12-01      | 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        |   3455000 | PA      | $2778473.34   | 0.22%             | 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    | 0.06%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                                                 | City of Princeton TX, Series 2025, RB                                                                                                                  | CUSIP: 742400DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480659.30    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rochester (City of), MN (Homestead at Rochester, Inc.)                                                                                               | Rochester (City of), MN (Homestead at Rochester, Inc.), Series 2013 A, RB                                                                              | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000332.80   | 0.08%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre)                                                                      | Monogalia (County of), WV (Development Disctict No. 4 - University Town Centre), Series 2023, Ref. RB                                                  | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $899034.50    | 0.07%             | 2043-06-01      | Fixed         | 5.75%                 | 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        |   7500000 | PA      | $7491805.50   | 0.59%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PRPBA Custodial Trust                                                                                                                                | PRPBA Custodial Trust, Series 2022, RB                                                                                                                 | CUSIP: 69362CAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    277816 | PA      | $3193.41      | 0.00%             | 2049-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                 | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |    100023 | NS      | $0.10         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2)                                                                     | Celina (City of), TX (Mosaic Public Improvement District Improvement Area No. 2), Series 2024, RB                                                      | CUSIP: 15114CJT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1161850.25   | 0.09%             | 2044-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                              | New York (State of) Dormitory Authority, Series 2024 A, Ref. RB                                                                                        | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7435215.20   | 0.59%             | 2054-07-01      | Fixed         | 5.50%                 | 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: 821697P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2760849.60   | 0.22%             | 2031-09-01      | Fixed         | 5.00%                 | 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: 73360CAK0<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    800000 | PA      | $723663.68    | 0.06%             | 2031-01-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                                                                                | Capital Projects Finance Authority/FL, Series 2025, RB                                                                                                 | CUSIP: 14043HAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4245556.02   | 0.34%             | 2040-01-01      | Fixed         | 6.38%                 | 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        |    320000 | PA      | $256000.00    | 0.02%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| City of Bastrop TX                                                                                                                                   | City of Bastrop TX, Series 2025, RB                                                                                                                    | CUSIP: 070341AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484158.45    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No. 1                                                                                         | Winrock Town Center Tax Increment Development District No. 1, Series 2022, Ref. RB                                                                     | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1184902.88   | 0.09%             | 2033-05-01      | Fixed         | 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: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4880000 | PA      | $4607549.60   | 0.36%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.), Series 2002 A, RB                                | CUSIP: 13016NAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610689.54    | 0.05%             | 2043-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools)                                                                                | Arlington Higher Education Finance Corp. (Legacy Traditional Schools), Series 2021, Ref. RB                                                            | CUSIP: 0418064W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $2614248.33   | 0.21%             | 2041-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado)                                                                  | Arizona (State of) Industrial Development Authority (Leman Academy-Parker Colorado), Series 2019, RB                                                   | CUSIP: 04052BJS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4290600.06   | 0.34%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                                                             | Massachusetts Development Finance Agency, Series 2025, RB                                                                                              | CUSIP: 57585BJR0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4051373.20   | 0.32%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cult Educ Facilities Finance Corp.                                                                                                    | Tarrant County Cult Educ Facilities Finance Corp. Series 2024, Ref. RB                                                                                 | CUSIP: 87638TJJ3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1361709.39   | 0.11%             | 2044-10-01      | Fixed         | 5.00%                 | 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   | 0.09%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO (United Airlines, Inc.)                                                                                                | Denver (City & County of), CO (United Airlines, Inc.), Series 2017, Ref. RB                                                                            | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999335.70    | 0.08%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (Covanta)                                                                              | Virginia (Commonwealth of) Small Business Financing Authority (Covanta), Series 2018, RB                                                               | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2221732.13   | 0.18%             | 2038-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                              | Morgan Hill Metropolitan District No. 3, Series 2021 A, GO Bonds                                                                                       | CUSIP: 61740BAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $832786.75    | 0.07%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Athlos Leadership Academy)                                                                                              | Brooklyn Park (City of), MN (Athlos Leadership Academy), Series 2015, RB                                                                               | CUSIP: 114224AK4<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1195799.08   | 0.09%             | 2046-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone Mountain Campus)                                           | Arizona (State of) Industrial Development Authority (Somerset Academy of Las Vegas - Lone Mountain Campus), Series 2019 A, IDR                         | CUSIP: 04052BJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $389930.80    | 0.03%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pembroke Harbor Community Development District                                                                                                       | Pembroke Harbor Community Development District, Series 2008 A, RB                                                                                      | CUSIP: 706386AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901572.21    | 0.07%             | 2038-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                                             | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                              | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535530.35   | 0.12%             | 2044-12-01      | Fixed         | 5.75%                 | 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        |   4000000 | PA      | $3926612.00   | 0.31%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School)                                                 | New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School), Series 2017 A, RB                                | CUSIP: 645912DW3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    255000 | PA      | $255253.73    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility)                                                             | Massachusetts (Commonwealth of) Development Finance Agency (Linden Ponds, Inc. Facility), Series 2018, RB                                              | CUSIP: 57584YMG1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548402.75   | 0.12%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                                          | Black Desert Public Infrastructure District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 09204PAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $986421.66    | 0.08%             | 2031-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Parker Automotive Metropolitan District                                                                                                              | Parker Automotive Metropolitan District, Series 2023 B, Ref. GO Bonds                                                                                  | CUSIP: 701038AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2250887.65   | 0.18%             | 2037-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                                                             | Massachusetts Development Finance Agency, Series 2025, RB                                                                                              | CUSIP: 57585BJW9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5702197.17   | 0.45%             | 2041-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes Community Development District                                                                                                         | Parrish Lakes Community Development District, Series 2024, RB                                                                                          | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $907520.28    | 0.07%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), IL Development Authority (The Globe Academy, Inc.)                                                                               | DeKalb (County of), IL Development Authority (The Globe Academy, Inc.), Series 2024 A, RB                                                              | CUSIP: 240463KA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $397240.60    | 0.03%             | 2040-06-01      | 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: 646136WG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $645753.60    | 0.05%             | 2035-12-15      | 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        |   5000000 | PA      | $4846358.50   | 0.38%             | 2035-01-01      | Variable      | 9.50%                 | 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: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2913040.20   | 0.23%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Brooklyn Navy Yard)                                                                                                        | Build NYC Resource Corp. (Brooklyn Navy Yard), Series 2019, Ref. RB                                                                                    | CUSIP: 12008EPP5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4715283.50   | 0.37%             | 2040-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                         | Midtown Metropoltan District, Series 2022, GO Bonds                                                                                                    | CUSIP: 598072AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981774.50    | 0.08%             | 2033-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds)                                                    | California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds), Series 2023, Ref. RB                                | CUSIP: 13058TSD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $717657.76    | 0.06%             | 2033-08-01      | 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: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045532.50   | 0.08%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area)                                                                      | V-Dana Community Development District (Assessment Area Two - 2025 Project Area), Series 2025, RB                                                       | CUSIP: 91822RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $841326.59    | 0.07%             | 2045-05-01      | Fixed         | 5.38%                 | 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        |    115000 | PA      | $115870.24    | 0.01%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools)                                                      | Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools), Series 2019, RB                                       | CUSIP: 72177PCE8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $476505.35    | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                               | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4456793.00   | 0.35%             | 2041-02-20      | Variable      | 3.54%                 | 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: 56678RAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1824504.32   | 0.14%             | 2043-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area)                                                                   | Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area), Series 2016, RB                                                    | CUSIP: 779719AD5<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    665000 | PA      | $669812.80    | 0.05%             | 2030-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 6                                                                                                        | Brighton Crossing Metropolitan District No. 6, Series 2020 A, GO Bonds                                                                                 | CUSIP: 10933PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $521832.20    | 0.04%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                                                                                  | U.S. Treasury 10 Year Notes Future                                                                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -563 | NC      | $-352815.21   | -0.03%            |  |  |  | No            |                  1 | 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        |   8680000 | PA      | $8647578.46   | 0.68%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities)                                                      | Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities), Series 2017, Ref. RB                                  | CUSIP: 74446DAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    145000 | PA      | $150890.92    | 0.01%             | 2041-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.)                                             | New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.), Series 2017, RB                              | CUSIP: 64577BN26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1044617.92   | 0.08%             | 2047-07-15      | 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: 12139LAA0<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |    220000 | PA      | $218914.85    | 0.02%             | 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        |   1003000 | PA      | $851915.00    | 0.07%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Covina (City of), CA Public Financing Authority (Big League Dreams)                                                                             | West Covina (City of), CA Public Financing Authority (Big League Dreams), Series 2006 A, RB                                                            | CUSIP: 95236PEA4<br>LEI: 549300RS71GX877H2E37 | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1968097.23   | 0.16%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon (State of) (Elderly & Disabled Housing)                                                                                                       | Oregon (State of) (Elderly & Disabled Housing), Series 1993 C, GO Bonds                                                                                | CUSIP: 68607EPR8<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5009.55      | 0.00%             | 2026-08-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Imagine School at North Manatee)                                                                                         | Capital Trust Agency, Inc. (Imagine School at North Manatee), Series 2021, RB                                                                          | CUSIP: 14054CDW6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1467081.99   | 0.12%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2022, RB                                                                                         | CUSIP: 744396HR6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    670000 | PA      | $662087.37    | 0.05%             | 2037-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2016, Ref. RB                                          | CUSIP: 088354FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250622.80    | 0.02%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Local Oregon Capital Assets Program                                                                                                                  | Local Oregon Capital Assets Program, Series 2011 C, COP                                                                                                | CUSIP: 53957KCL9<br>LEI: 549300KILFEFYKOPF027 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35010.69     | 0.00%             | 2031-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical Institutions Parking Facilities)                         | Maryland (State of) Health & Higher Educational Facilities Authority (Johns Hopkins Medical Institutions Parking Facilities), Series 1996, RB          | CUSIP: 574216QD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10072.63     | 0.00%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (Future Public School)                                                                                | Idaho (State of) Housing & Finance Association (Future Public School), Series 2022 A, RB                                                               | CUSIP: 45129GHW8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1798781.60   | 0.14%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QS5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2898615.72   | 0.23%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Advanced Technology Academy                                                                                                                          | Advanced Technology Academy, Series 2019, Ref. RB                                                                                                      | CUSIP: 00766SAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1211380.32   | 0.10%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2020 A, RB                                                                                | CUSIP: 59561TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1593068.01   | 0.13%             | 2035-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Peninsula Town Center Community Development Authority                                                                                                | Peninsula Town Center Community Development Authority, Series 2018, Ref. RB                                                                            | CUSIP: 70718LAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1198188.74   | 0.09%             | 2028-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of)                                                                                                                                  | Guam (Territory of), Series 2015 D, Ref. RB                                                                                                            | CUSIP: 40065NCE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011547.60   | 0.24%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                                                     | Lakes of Sarasota Community Development District, Series 2024 B, RB                                                                                    | CUSIP: 51206YAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2298471.33   | 0.18%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                           | CUSIP: 967249RL9<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1929528.40   | 0.15%             | 2039-05-15      | Fixed         | 5.25%                 | 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 B-3, RB                                                   | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4033065.60   | 0.32%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bradley (Village of), IL (Bradley Commons)                                                                                                           | Bradley (Village of), IL (Bradley Commons), Series 2018 A, Ref. RB                                                                                     | CUSIP: 10457HBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $535989.11    | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSC9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    495000 | PA      | $493795.32    | 0.04%             | 2027-07-01      | Fixed         | 4.12%                 | 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: 72177PBX7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    265000 | PA      | $263115.59    | 0.02%             | 2026-07-01      | Fixed         | 4.12%                 | 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    | 0.03%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp.                                                                                                        | Rhode Island Housing & Mortgage Finance Corp., Series 1992 10-A, RB                                                                                    | CUSIP: 762211RS1<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80167.94     | 0.01%             | 2027-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group)                                                                          | Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group), Series 2024, RB                                                           | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3687493.53   | 0.29%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                               | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    275000 | PA      | $276745.45    | 0.02%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                                                 | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                                     | CUSIP: 440365JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1045278.85   | 0.08%             | 2044-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                                                                                    | Oregon State Facilities Authority, Series 2025, RB                                                                                                     | CUSIP: 68607AAN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $268814.24    | 0.02%             | 2035-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                                                              | Morgan Hill Metropolitan District No. 3, Series 2021 A, GO Bonds                                                                                       | CUSIP: 61740BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2172557.39   | 0.17%             | 2041-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities)                                                      | Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                                     | CUSIP: 74446DAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3969883.94   | 0.31%             | 2035-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bradley (Village of), IL (Bradley Commons)                                                                                                           | Bradley (Village of), IL (Bradley Commons), Series 2018 A, Ref. RB                                                                                     | CUSIP: 10457HBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $507227.25    | 0.04%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy)                                                                | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB                                            | CUSIP: 852297CA6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    425000 | PA      | $426352.65    | 0.03%             | 2026-09-01      | 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        |   1072740 | PA      | $770713.06    | 0.06%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC)                                                        | Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC), Series 2021, RN                                         | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3635979.84   | 0.29%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Plato Academy Schools)                                                                                                      | Capital Trust Authority (Plato Academy Schools), Series 2024, RB                                                                                       | CUSIP: 14054UAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2808132.00   | 0.22%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (University of Evansville)                                                                                      | Indiana (State of) Finance Authority (University of Evansville), Series 2022 A, Ref. RB                                                                | CUSIP: 45470ECA1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1895295.43   | 0.15%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Housing Finance Authority (Aria Landings)                                                                                        | Lee (County of), FL Housing Finance Authority (Aria Landings), Series 2023 B, RB                                                                       | CUSIP: 52349HBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4965000 | PA      | $4949314.08   | 0.39%             | 2026-07-01      | Variable      | 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 2018 D, RB                                                          | CUSIP: 187145JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005099.20   | 0.16%             | 2033-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2024, RB                                                          | CUSIP: 041807JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1653489.18   | 0.13%             | 2049-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Good Samaritan Hospital)                                                                                       | Indiana (State of) Finance Authority (Good Samaritan Hospital), Series 2016 A, RB                                                                      | CUSIP: 45471CAW8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200112.92    | 0.02%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp. (Houston Baptist University)                                                                                  | Houston Higher Education Finance Corp. (Houston Baptist University), Series 2021, RB                                                                   | CUSIP: 44237QAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $601362.51    | 0.05%             | 2037-10-01      | Fixed         | 3.38%                 | 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 2020 A, Ref. GO Bonds                                                           | CUSIP: 15200XAJ2<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1088351.61   | 0.09%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank)                                                                      | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Flats East Bank), Series 2010, RB                                                       | CUSIP: 186103FY8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001997.50   | 0.08%             | 2035-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Trinity Health Credit Group)                                                                                  | Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2019 A, Ref. RB                                                            | CUSIP: 59447TXH1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $971716.39    | 0.08%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs)                                                                      | Wisconsin (State of) Public Finance Authority (Town of Scarborough - The Downs), Series 2024, RB                                                       | CUSIP: 74446FAD5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1545818.40   | 0.12%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                                         | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E5Z7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $1383550.00   | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | Yes           |                  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        |   1000000 | PA      | $1000911.70   | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                                                       | Tender Option Bond Trust Receipts/Certificates, Series 2024, VRD RB                                                                                    | CUSIP: 88035JFU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.24%             | 2025-06-06      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Peaks Public Infrastructure District (Peaks Assessment Area)                                                                                         | Peaks Public Infrastructure District (Peaks Assessment Area), Series 2024, RB                                                                          | CUSIP: 70470HAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1314013.78   | 0.10%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ashland (Town of), MA                                                                                                                                | Ashland (Town of), MA, Series 2022, GO Bonds                                                                                                           | CUSIP: 044357WH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965862.20    | 0.08%             | 2042-08-01      | Fixed         | 4.00%                 | 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        |   1045000 | PA      | $1038041.97   | 0.08%             | 2029-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds)                                                    | California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds), Series 2023, Ref. RB                                | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506152.20    | 0.04%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (ACCEL Schools)                                                                                  | Arizona (State of) Industrial Development Authority (ACCEL Schools), Series 2018 A, RB                                                                 | CUSIP: 04052BGG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $821212.84    | 0.06%             | 2028-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Doral Academy of Nevada)                                                                        | Nevada (State of) Department of Business & Industry (Doral Academy of Nevada), Series 2017 A, RB                                                       | CUSIP: 641454AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494618.60    | 0.04%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Waste Management, Inc.)                                                                           | California (State of) Municipal Finance Authority (Waste Management, Inc.)                                                                             | CUSIP: 13048RAN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500184.20   | 0.12%             | 2026-06-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.)                                                                 | Idaho (State of) Housing & Finance Association (Compass Public Charter School, Inc.), Series 2018 A, RB                                                | CUSIP: 45129GDD4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    110000 | PA      | $109284.91    | 0.01%             | 2029-07-01      | Fixed         | 4.62%                 | 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        |   5000000 | PA      | $5276154.00   | 0.42%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                                             | Sterling Ranch Community Authority Board, Series 2024 A, Ref. RB                                                                                       | CUSIP: 85950NAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $559701.95    | 0.04%             | 2039-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                                                    | City of Celina TX, Series 2025, RB                                                                                                                     | CUSIP: 15114CKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476620.80    | 0.04%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah)                                                                          | Utah (State of) Charter School Finance Authority (Ascent Academies of Utah), Series 2022, RB                                                           | CUSIP: 91754TR70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $944695.30    | 0.07%             | 2027-06-15      | Fixed         | 4.25%                 | 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        |   7755000 | PA      | $7651772.42   | 0.60%             | 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        |   1545000 | PA      | $1415130.70   | 0.11%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs)                                                                     | Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs), Series 2022 A, Ref. RB                                               | CUSIP: 010685LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $692479.75    | 0.05%             | 2061-11-15      | Fixed         | 5.00%                 | Yes           |                  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: 497609BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955064.10    | 0.08%             | 2037-05-15      | 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 A, Ref. RB                                                            | CUSIP: 04052BAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210790.00    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Volunteers of America Care)                                                                         | Colorado (State of) Health Facilities Authority (Volunteers of America Care), Series 2007 A, RB                                                        | CUSIP: 196475AH0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335545.51    | 0.03%             | 2037-07-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                                         | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                                          | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004458.90   | 0.08%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA                                                                                                                                 | Fresno (City of), CA, Series 2023 A, Ref. RB                                                                                                           | CUSIP: 358100FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1980697.20   | 0.16%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                                                   | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB                                                             | CUSIP: 8371514S5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2318181.53   | 0.18%             | 2042-12-01      | 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 2013 A, Ref. RB                                        | CUSIP: 821697K81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169456.10    | 0.01%             | 2047-09-01      | Fixed         | 5.50%                 | 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        |   3000000 | PA      | $2979999.60   | 0.24%             | 2033-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC)                                                                                      | Plaquemines Port Harbor & Terminal District (NOLA Terminal LLC), Series 2024 A, RB                                                                     | CUSIP: 727521AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4232292.50   | 0.33%             | 2044-12-01      | Fixed         | 9.00%                 | 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 2022 A-1, RB                                           | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  16065000 | PA      | $16087802.66  | 1.27%             | 2028-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mishawaka (City of), IN (Silver Birch of Mishwaka)                                                                                                   | Mishawaka (City of), IN (Silver Birch of Mishwaka), Series 2017, RB                                                                                    | CUSIP: 604786AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $395333.90    | 0.03%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                 | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988244.50   | 0.24%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1)                                               | North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1), Series 2022, RB                                | CUSIP: 66041HHM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $743957.97    | 0.06%             | 2037-06-01      | Fixed         | 5.50%                 | 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: 650116GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101840.80   | 0.17%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group)                                                            | Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group), Series 2015, Ref. RB                                        | CUSIP: 610218BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $165427.03    | 0.01%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood)                                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood), Series 2024, Ref. RB                    | CUSIP: 54628C2Y7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1881683.24   | 0.15%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                    | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022, RB                                                     | CUSIP: 64542UGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2360084.96   | 0.19%             | 2027-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                                            | New York Liberty Development Corp. (3 World Trade Center), Series 2014-3, Ref. RB                                                                      | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5402989.98   | 0.43%             | 2044-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                                                          | Ohio Higher Educational Facility Commission, Series 2025, RB                                                                                           | CUSIP: 67756DY34<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3374914.86   | 0.27%             | 2045-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                                                                                                | Capital Projects Finance Authority/FL, Series 2025, RB                                                                                                 | CUSIP: 14043HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2251409.85   | 0.18%             | 2035-01-01      | Fixed         | 6.00%                 | 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: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1567229.13   | 0.12%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.)                                                       | Northampton (County of), PA Industrial Development Authority (Northampton Generating Co. L.P.), Series 2013 A, RB                                      | CUSIP: 663547AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350140 | PA      | $154061.60    | 0.01%             | 2027-06-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2014 D, Ref. RB                                                                                                          | CUSIP: 4424355Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001313.00   | 0.16%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 UU, Ref. RB                                                                        | CUSIP: 74526QLV2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1435058.55   | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                                                | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                    | CUSIP: 167486ZT9<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024275.70   | 0.08%             | 2029-01-01      | Fixed         | 5.62%                 | 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: 87638RKE6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957300.30    | 0.08%             | 2031-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                                                           | Middleton Community Development District A, Series 2024, RB                                                                                            | CUSIP: 596681AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $722440.03    | 0.06%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)     | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico), Seri | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    596283 | PA      | $589885.72    | 0.05%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| V-Dana Community Development District (Assessment Area Two - 2025 Project Area)                                                                      | V-Dana Community Development District (Assessment Area Two - 2025 Project Area), Series 2025, RB                                                       | CUSIP: 91822RAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1186701.13   | 0.09%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood)                                        | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Christwood), Series 2024, Ref. RB                    | CUSIP: 54628C2X9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1038814.35   | 0.08%             | 2030-11-15      | Fixed         | 4.25%                 | 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: 340618DL8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3654629.41   | 0.29%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                    | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                              | CUSIP: 45506DP74<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400014.84    | 0.03%             | 2028-07-01      | Fixed         | 5.50%                 | 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        |   2300000 | PA      | $2264975.37   | 0.18%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (KIPP Miami N Campus)                                                                                                        | Capital Trust Authority (KIPP Miami N Campus), Series 2024 A, RB                                                                                       | CUSIP: 14054WAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $411698.22    | 0.03%             | 2044-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Paideia Academies (The))                                                                      | Pima (County of), AZ Industrial Development Authority (Paideia Academies (The)), Series 2019, RB                                                       | CUSIP: 72177MRW9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    130000 | PA      | $125511.83    | 0.01%             | 2029-07-01      | Fixed         | 4.12%                 | 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        |   8375000 | PA      | $8455789.44   | 0.67%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    538000 | PA      | $513264.80    | 0.04%             | 2040-07-01      | Fixed         | 4.55%                 | 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        |   2000000 | PA      | $2000382.60   | 0.16%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                            | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAN4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1092292.45   | 0.09%             | 2032-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2011, Ref. RB                                                                                                            | CUSIP: 4423485S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1453664.73   | 0.11%             | 2030-07-15      | Fixed         | 6.50%                 | 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        |   3300000 | PA      | $3174981.81   | 0.25%             | 2033-07-01      | Fixed         | 4.00%                 | 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: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005521.20   | 0.08%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Megatel)                                                                                        | New Hampshire (State of) Business Finance Authority (Megatel), Series 2025, RB                                                                         | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2959875.00   | 0.23%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Newman International Academy)                                                                              | Arlington Higher Education Finance Corp. (Newman International Academy), Series 2021, RB                                                               | CUSIP: 041806F21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $703294.92    | 0.06%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The))                                                             | Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)), Series 2024 A, RB                                            | CUSIP: 87638RKM8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1699085 | PA      | $1421296.50   | 0.11%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.)                                                             | Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.), Series 2013 A, RB                                            | CUSIP: 890096BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $220000.00    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group)                                                            | Monongalia (County of), WV Building Commission (Monongalia Health System Obligated Group), Series 2015, Ref. RB                                        | CUSIP: 610218BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000562.80   | 0.08%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Spectrum High School)                                                                                                          | Bethel (City of), MN (Spectrum High School), Series 2024, RB                                                                                           | CUSIP: 086759AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1352493.75   | 0.11%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lomira (Village of), WI Community Development Authority                                                                                              | Lomira (Village of), WI Community Development Authority, Series 2018 B, Ref. RB                                                                        | CUSIP: 541662AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $168237.35    | 0.01%             | 2029-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates)                                                                     | Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates), Series 2019, Ref. IDR                                                | CUSIP: 73112JAC4<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2248972.25   | 0.18%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $650000.00    | 0.05%             | 2029-11-15      | Fixed         | 6.00%                 | Yes           |                  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 2018, RB                                             | CUSIP: 018444BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $636135.19    | 0.05%             | 2028-05-01      | 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: 041806PR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $407372.64    | 0.03%             | 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    | 0.08%             | 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        |    305000 | PA      | $305000.00    | 0.02%             | 2025-06-01      | Fixed         | 5.25%                 | 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: 650116GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $910371.44    | 0.07%             | 2040-06-30      | Fixed         | 5.50%                 | 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        |   1000000 | PA      | $966216.80    | 0.08%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School)                                                               | New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School), Series 2018 A, RB                                              | CUSIP: 645912EQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    885000 | PA      | $880604.65    | 0.07%             | 2028-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                                                 | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                                             | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1744331.76   | 0.14%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    163000 | PA      | $141247.52    | 0.01%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 ZZ, Ref. RB                                                                        | CUSIP: 74526QXQ0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $647525.00    | 0.05%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center)                                                                        | Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center), Series 2017 A, RB                                                       | CUSIP: 74442PEU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $200000.00    | 0.02%             | 2031-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Riverwalk Metropolitan District No. 2                                                                                                                | Riverwalk Metropolitan District No. 2, Series 2022 A, RB                                                                                               | CUSIP: 769504AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3643140.40   | 0.29%             | 2032-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The))                                                                  | Utah (State of) Charter School Finance Authority (Freedom Academy Foundation (The)), Series 2017, Ref. RB                                              | CUSIP: 91754TUV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98978.44     | 0.01%             | 2027-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                                   | St. James (Parish of), LA (Nustar Logistics, L.P.)                                                                                                     | CUSIP: 790103AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.16%             | 2025-06-01      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Green Bonds)                                                                                                     | Michigan (State of) Strategic Fund (Green Bonds), Series 2021, RB                                                                                      | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5078833.09   | 0.40%             | 2026-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                                                           | Southeast Energy Authority, A Cooperative District (No. 2), Series 2021 B, RB                                                                          | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5273520.48   | 0.42%             | 2031-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Elbert & Highway 86 Commercial Metropolitan District                                                                                                 | Elbert & Highway 86 Commercial Metropolitan District, Series 2021 A, Ref. GO Bonds                                                                     | CUSIP: 28421SAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1614361.31   | 0.13%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                                                  | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                                   | CUSIP: 67759YAX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2238200.89   | 0.18%             | 2039-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools)                                                                | Cleveland (City of) & Cuyahoga (County of), OH Port Authority (Constellation Schools), Series 2024, Ref. RB                                            | CUSIP: 18610RCD4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991300.50    | 0.08%             | 2034-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas)                                                                              | Arlington Higher Education Finance Corp. (Great Hearts America - Texas), Series 2024, RB                                                               | CUSIP: 041807GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1416408.15   | 0.11%             | 2039-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority                                                                                            | Puerto Rico (Commonwealth of) GDB Debt Recovery Authority, Series 2023, RB                                                                             | CUSIP: 36829QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4049915 | PA      | $3850918.78   | 0.30%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                                                                                       | Vauxmont Metropolitan District, Series 2019, Ref. GO Bonds                                                                                             | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    646000 | PA      | $481210.18    | 0.04%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy)                                                                         | Utah (State of) Charter School Finance Authority (Merit Preparatory Academy), Series 2019 A, RB                                                        | CUSIP: 91754TXF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1231802.46   | 0.10%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRHTA Custodial Trust                                                                                                                                | PRHTA Custodial Trust, Series 2023, RB                                                                                                                 | CUSIP: 69378HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    193390 | PA      | $55299.22     | 0.00%             | 2049-12-06      | Fixed         | 5.75%                 | No            |                  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: 717824AV8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004240.40   | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No. 1                                                                                                                     | Peak Metropolitan District No. 1, Series 2021 A, GO Bonds                                                                                              | CUSIP: 704676AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1452751.20   | 0.11%             | 2041-12-01      | 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: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4357828.53   | 0.34%             | 2032-01-01      | 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: 49126TAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $134275.82    | 0.01%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                                    | Amber Creek Metropolitan District, Series 2017 A, Ref. GO Bonds                                                                                        | CUSIP: 02320AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    678000 | PA      | $605127.88    | 0.05%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                                                    | Florida Development Finance Corp., Series 2023, RB                                                                                                     | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026118.20   | 0.16%             | 2026-07-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Great River School)                                                                        | St. Paul (City of), MN Housing & Redevelopment Authority (Great River School), Series 2017 A, RB                                                       | CUSIP: 852297CJ7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140937.16    | 0.01%             | 2033-07-01      | 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        |   2000000 | PA      | $2082031.20   | 0.16%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland)                               | Memphis (City of) & Shelby (County of), TN Economic Development Growth Engine Industrial Development Board (Graceland), Series 2017 A, Ref. RB         | CUSIP: 58611YAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $256461.28    | 0.02%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 RR, RB                                                                             | CUSIP: 74526QDE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.48    | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Ascent 613)                                                                                       | California (State of) Municipal Finance Authority (Ascent 613), Series 2025 A, RB                                                                      | CUSIP: 13051EAF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979347.50    | 0.08%             | 2038-01-01      | 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 2022-1, RB                                                               | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037761.00   | 0.16%             | 2027-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 CCC, RB                                                                            | CUSIP: 74526QZA3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $968543.75    | 0.08%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                               | CUSIP: 87638RHP5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $650000.00    | 0.05%             | 2031-02-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy)                                                           | Colorado (State of) Educational & Cultural Facilities Authority (Ascent Classical Academy), Series 2024, Ref. RB                                       | CUSIP: 19645URE6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505764.25   | 0.20%             | 2039-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah)                                                                          | Utah (State of) Charter School Finance Authority (Ascent Academies of Utah), Series 2022, RB                                                           | CUSIP: 91754TR88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1898317.20   | 0.15%             | 2032-06-15      | Fixed         | 4.50%                 | 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: 14043FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1634827.74   | 0.13%             | 2044-06-15      | 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        |   3500000 | PA      | $3372092.50   | 0.27%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), IL Development Authority (The Globe Academy, Inc.)                                                                               | DeKalb (County of), IL Development Authority (The Globe Academy, Inc.), Series 2024 A, RB                                                              | CUSIP: 240463KB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $396576.66    | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green Community Program - AAC East LLC) (Green Bonds)            | South Carolina (State of) Jobs-Economic Development Authority (South Carolina SAVES Green Community Program - AAC East LLC) (Green Bonds), Series 2019 | CUSIP: 837031YS6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    825000 | PA      | $808546.86    | 0.06%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                                                 | 3rd and Havana Metropolitan District, Series 2020 A, GO Bonds                                                                                          | CUSIP: 884134AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2081127.78   | 0.16%             | 2030-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                                                           | Illinois Finance Authority, Series 2025, RB                                                                                                            | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1461823.50   | 0.12%             | 2046-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC)                                                                          | Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC), Series 2021, RB                                                           | CUSIP: 73421LAA9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3448287.85   | 0.27%             | 2026-06-15      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                                                        | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                         | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $448750.00    | 0.04%             | 2031-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                    | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2178543.82   | 0.17%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lomira (Village of), WI Community Development Authority                                                                                              | Lomira (Village of), WI Community Development Authority, Series 2018 B, Ref. RB                                                                        | CUSIP: 541662AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $691767.01    | 0.05%             | 2028-10-01      | Fixed         | 3.65%                 | 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: 97712DG34<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1208963.97   | 0.10%             | 2028-06-01      | 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: 11943KDF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    212974 | PA      | $3194.62      | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99359.48     | 0.01%             | 2026-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                                      | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2025, RB                                                       | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9164261.70   | 0.72%             | 2025-08-13      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| PEFA, Inc.                                                                                                                                           | PEFA, Inc., Series 2019, RB                                                                                                                            | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10110726.00  | 0.80%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mobile (City of), AL Improvement District (McGowin Park)                                                                                             | Mobile (City of), AL Improvement District (McGowin Park), Series 2016 A, RB                                                                            | CUSIP: 607155AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201694.80    | 0.02%             | 2030-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.)                                                                       | Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.), Series 2016, Ref. RB                                                   | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1730171.84   | 0.14%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy)                                                                     | St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy), Series 2023, Ref. RB                                                 | CUSIP: 852297DS6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1090215.38   | 0.09%             | 2032-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                                                                                    | City of Aubrey TX, Series 2025, RB                                                                                                                     | CUSIP: 050197BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484528.05    | 0.04%             | 2035-12-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (University Bridge LLC Student Housing)                                                                                   | Capital Trust Agency, Inc. (University Bridge LLC Student Housing), Series 2018 A, RB                                                                  | CUSIP: 140536AA1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   6175000 | PA      | $6142804.79   | 0.49%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care Communities)                                                       | Kentucky (Commonwealth of) Economic Development Finance Authority (Christian Care Communities), Series 2021, Ref. RB                                   | CUSIP: 49126TBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $872187.59    | 0.07%             | 2031-07-01      | Fixed         | 4.25%                 | 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   | 0.09%             | 2029-05-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                       | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $916092.88    | 0.07%             | 2039-11-01      | 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 2022-1A, RB                                                                 | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1538820 | PA      | $1492985.76   | 0.12%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Industrial Development Authority                                                                                                          | Gulf Coast Industrial Development Authority, Series 1998, RB                                                                                           | CUSIP: 40220MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340370.84    | 0.03%             | 2028-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Signorelli)                                                                                           | Wisconsin (State of) Public Finance Authority (Signorelli), Series 2024, RB                                                                            | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1922000 | PA      | $1921823.56   | 0.15%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Newman International Academy)                                                                              | Arlington Higher Education Finance Corp. (Newman International Academy), Series 2016, RB                                                               | CUSIP: 041806FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3410696.75   | 0.27%             | 2036-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Livingston (Parish of), LA Gomesha) (Green Bonds)  | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Livingston (Parish of), LA Gomesha) (Green Bonds), S | CUSIP: 54628CGA4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3233190.87   | 0.26%             | 2038-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy)                                                            | New Hope Cultural Education Facilities Finance Corp. (Legacy Preparatory Charter Academy), Series 2018 A, RB                                           | CUSIP: 64542QAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942151.60    | 0.07%             | 2037-08-15      | Fixed         | 6.00%                 | 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        |   1500000 | PA      | $1529676.45   | 0.12%             | 2034-01-01      | Fixed         | 5.75%                 | 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        |   1000000 | PA      | $1003570.40   | 0.08%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global Understanding)                                                 | Pinellas (County of), FL Industrial Development Authority (2017 Foundation for Global Understanding), Series 2019, RB                                  | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1694443.28   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (St.Johns Classical Academy, Inc.)                                                                                           | Capital Trust Authority (St.Johns Classical Academy, Inc.), Series 2025, Ref. RB                                                                       | CUSIP: 14054WBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $760767.37    | 0.06%             | 2040-06-15      | Fixed         | 4.75%                 | 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: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   8988000 | PA      | $8767607.95   | 0.69%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                                                                            | City of Houston TX Airport System Revenue, Series 2024, RB                                                                                             | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033941.10   | 0.08%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools)                                                            | Phoenix (City of), AZ Industrial Development Authority (The) (Legacy Traditional Schools), Series 2015, Ref. RB                                        | CUSIP: 71885FDU8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3365697.90   | 0.27%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Academir Charter Schools, Inc.)                                                                                             | Capital Trust Authority (Academir Charter Schools, Inc.), Series 2024, Ref. RB                                                                         | CUSIP: 14054WBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1836571.00   | 0.15%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California University of Science and Medicine)                                                       | California (State of) Public Finance Authority (California University of Science and Medicine), Series 2019 A, RB                                      | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6250741.37   | 0.49%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                                                                                              | Capital Trust Authority, Series 2025, RB                                                                                                               | CUSIP: 14054WBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1195808.88   | 0.09%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Trinity Classical Academy)                                                                           | California (State of) Public Finance Authority (Trinity Classical Academy), Series 2019 B, RB                                                          | CUSIP: 13057KAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39742.76     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madeira Community Development District                                                                                                               | Madeira Community Development District, Series 2025, RB                                                                                                | CUSIP: 556344AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $853541.40    | 0.07%             | 2035-05-01      | Fixed         | 4.70%                 | 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: 65000B8Q4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522914.30   | 0.12%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                                                | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, RB                                                                 | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043034.00   | 0.16%             | 2028-07-15      | Variable      | 10.00%                | 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        |   1375000 | PA      | $1317096.55   | 0.10%             | 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   | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Granby Ranch Metropolitan District                                                                                                                   | Granby Ranch Metropolitan District, Series 2018, Ref. GO Bonds                                                                                         | CUSIP: 385184AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $459024.75    | 0.04%             | 2028-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus)                                         | St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus), Series 2018, Ref. RB                     | CUSIP: 792893HE2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $233030.43    | 0.02%             | 2031-10-01      | Fixed         | 4.00%                 | 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: 45203HS52<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8613134.85   | 0.68%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School)                                                         | Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School), Series 2018, RB                                          | CUSIP: 56681NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2328970.13   | 0.18%             | 2028-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Imagine School at North Manatee)                                                                                         | Capital Trust Agency, Inc. (Imagine School at North Manatee), Series 2021, RB                                                                          | CUSIP: 14054CDV8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    230000 | PA      | $207644.92    | 0.02%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Plaza Metropolitan District No. 1                                                                                                                    | Plaza Metropolitan District No. 1, Series 2013, Ref. RB                                                                                                | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1432671.99   | 0.11%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Union at the Marina)                                                                                              | Iowa (State of) Finance Authority (Union at the Marina), Series 2024 A-1, RB                                                                           | CUSIP: 46246JNQ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1351276.17   | 0.11%             | 2027-11-01      | Fixed         | 6.00%                 | 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        |   1245000 | PA      | $1351328.98   | 0.11%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Talladega (County of), AL                                                                                                                            | Talladega (County of), AL, Series 2002 D, Tax Anticipation Wts.                                                                                        | CUSIP: 874381JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25039.83     | 0.00%             | 2029-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group)                                                                   | Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group), Series 2024 B-3, RB                                                | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500916.95   | 0.12%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus)                                                      | Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus), Series 2024, RB                                       | CUSIP: 74442ELT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $687261.05    | 0.05%             | 2039-12-15      | 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: 64990GGE6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260704.00   | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) International Center Metropolitan District No. 14                                                                                | Colorado (State of) International Center Metropolitan District No. 14, Series 2018, GO Bonds                                                           | CUSIP: 196502AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    996000 | PA      | $995921.61    | 0.08%             | 2032-12-01      | Fixed         | 5.62%                 | 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 2024, RB                                                                 | CUSIP: 92708KAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935466.00    | 0.07%             | 2044-05-01      | Fixed         | 4.55%                 | 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   | 0.40%             | 2025-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                         | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                          | CUSIP: 10604PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1628000.00   | 0.13%             | 2039-03-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Authority (Classical Academy of Sarasota (The))                                                                                        | Capital Trust Authority (Classical Academy of Sarasota (The)), Series 2024, RB                                                                         | CUSIP: 14054WBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1047243.67   | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pawtucket (City of), RI Housing Authority                                                                                                            | Pawtucket (City of), RI Housing Authority, Series 2010, RB                                                                                             | CUSIP: 704179BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195333.84    | 0.02%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                     | New York & New Jersey (States of) Port Authority, One Hundred Eighty Third Series 2014, RB                                                             | CUSIP: 73358WSD7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1906464.20   | 0.15%             | 2038-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mobile (City of), AL Improvement District (McGowin Park)                                                                                             | Mobile (City of), AL Improvement District (McGowin Park), Series 2016 A, RB                                                                            | CUSIP: 607155AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180204.32    | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper Products Co. (The))                                          | Cape Girardeau (County of), MO Industrial Development Authority (Procter & Gamble Paper Products Co. (The)), Series 1998, RB                           | CUSIP: 13940PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30059.43     | 0.00%             | 2028-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2010 XX, RB                                                                             | CUSIP: 74526QWD0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    250000 | PA      | $137187.50    | 0.01%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Medical District Commission                                                                                                      | Illinois (State of) Medical District Commission, Series 2002, COP                                                                                      | CUSIP: 45202VAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10008.63     | 0.00%             | 2026-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Northampton (County of), PA Industrial Development Authority                                                                                         | Northampton (County of), PA Industrial Development Authority, Series 2013, RB                                                                          | CUSIP: 663547AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    192851 | PA      | $34713.18     | 0.00%             | 2027-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (North Star Charter School)                                                                           | Idaho (State of) Housing & Finance Association (North Star Charter School), Series 2014 A, Ref. RB                                                     | CUSIP: 45129GCD5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    205000 | PA      | $209836.22    | 0.02%             | 2028-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel)                                                                                  | Arkansas (State of) Development Finance Authority (Big River Steel), Series 2019, RB                                                                   | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964670.20   | 0.16%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                                                                                    | Oregon State Facilities Authority, Series 2025, RB                                                                                                     | CUSIP: 68607AAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $470037.01    | 0.04%             | 2045-06-15      | Fixed         | 5.50%                 | 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: 97712DG83<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2649322.18   | 0.21%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $120250.00    | 0.01%             | 2029-11-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Atlanta Development Authority (The) (Westside Gulch Area)                                                                                            | Atlanta Development Authority (The) (Westside Gulch Area), Series 2024 A, RB                                                                           | CUSIP: 04780NMW4<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1741989.03   | 0.14%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Waste Management, Inc.)                                                                           | California (State of) Municipal Finance Authority (Waste Management, Inc.), Series 2022 A, RB                                                          | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999954.00   | 0.32%             | 2025-10-01      | Variable      | 4.12%                 | 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        |   1200000 | PA      | $1215474.24   | 0.10%             | 2043-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel)                                                       | Kansas City (City of), MO Land Clearance for Redevelopment Authority (Convention Center Hotel), Series 2018 B, RB                                      | CUSIP: 48504MAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $576009.27    | 0.05%             | 2031-02-01      | Fixed         | 4.38%                 | 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        |     65000 | PA      | $65001.18     | 0.01%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cleveland (City of), OH (Continental Airlines, Inc.)                                                                                                 | Cleveland (City of), OH (Continental Airlines, Inc.), Series 1998, RB                                                                                  | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    485000 | PA      | $485208.65    | 0.04%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Venice (City of), FL (Village on the Isle)                                                                                                           | Venice (City of), FL (Village on the Isle), Series 2024, RB                                                                                            | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $898014.24    | 0.07%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                        | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6004264.80   | 0.47%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools)                                                      | Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools), Series 2019, RB                                       | CUSIP: 72177PCC2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301360.92    | 0.02%             | 2029-07-01      | 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   | 0.12%             | 2026-10-01      | Fixed         | 5.15%                 | 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        |   4685000 | PA      | $4684957.84   | 0.37%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gladieux Metals Recycling, LLC                                                                                                                       | Gladieux Metals Recycling, LLC                                                                                                                         | CUSIP: 37654HAA1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    265000 | PA      | $254400.00    | 0.02%             | 2026-05-08      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2015 B-1, RB                                                                                                             | CUSIP: 4423487R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999706.50   | 0.40%             | 2030-07-15      | 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: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1392351.90   | 0.11%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mulberry Metropolitan District No. 2                                                                                                                 | Mulberry Metropolitan District No. 2, Series 2022, RB                                                                                                  | CUSIP: 62517PAA8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6102259.80   | 0.48%             | 2034-12-01      | Fixed         | 7.00%                 | 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        |   2470000 | PA      | $2523534.53   | 0.20%             | 2031-08-01      | Fixed         | 5.25%                 | 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: 939783WP7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    760000 | PA      | $719741.96    | 0.06%             | 2028-07-01      | Fixed         | 4.50%                 | 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        |   4000000 | PA      | $3917862.40   | 0.31%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                                                                                     | County of Lee FL Airport Revenue, Series 2024, RB                                                                                                      | CUSIP: 523470HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4646346.32   | 0.37%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Lariat)                                                                                               | Wisconsin (State of) Public Finance Authority (Lariat), Series 2023, RB                                                                                | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $1637178.36   | 0.13%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                                                                                         | Greater Asheville Regional Airport Authority, Series 2023, RB                                                                                          | CUSIP: 39160CBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3681804.48   | 0.29%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh (City of), KS (North Broadway - Pittsburgh Town Center)                                                                                   | Pittsburgh (City of), KS (North Broadway - Pittsburgh Town Center), Series 2006, RB                                                                    | CUSIP: 724713AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $35812.95     | 0.00%             | 2027-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy), Series 2024, RB                                                          | CUSIP: 74443DLC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $382434.64    | 0.03%             | 2044-06-15      | Fixed         | 5.70%                 | 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        |   1388593 | PA      | $20828.90     | 0.00%             | 2038-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus)                                         | St. Paul (City of), MN Housing & Redevelopment Authority (Rossy & Richard Shaller Family Sholom East Campus), Series 2018, Ref. RB                     | CUSIP: 792893HF9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $229277.80    | 0.02%             | 2033-10-01      | Fixed         | 4.12%                 | 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        |    360000 | PA      | $362483.89    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble Paper Products Co. (The))                              | Albany (City of) & Dougherty (Country of), GA Payroll Development Authority (Procter & Gamble Paper Products Co. (The)), Series 1998, RB               | CUSIP: 012192AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $811176.04    | 0.06%             | 2026-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing (Baxter Apartments Projects)                                                                                                | Montana Board of Housing (Baxter Apartments Projects), Series 2023, RB                                                                                 | CUSIP: 61212VAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.40%             | 2026-03-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                              | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4B9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959840.20    | 0.08%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Power County Industrial Development Corp. (FMC Corp.)                                                                                                | Power County Industrial Development Corp. (FMC Corp.), Series 1999, RB                                                                                 | CUSIP: 739247AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130388.79    | 0.01%             | 2032-08-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Ivywood Classical Academy                                                                                                                            | Ivywood Classical Academy, Series 2023, RB                                                                                                             | CUSIP: 46604DAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1838127.40   | 0.15%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn)                                                                              | Build NYC Resource Corp. (Unity Preparatory Charter School of Brooklyn), Series 2023, RB                                                               | CUSIP: 12008EUM6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    525000 | PA      | $517379.36    | 0.04%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                                                                                                 | Mida Mountain Village Public Infrastructure District, Series 2024-2, RB                                                                                | CUSIP: 59561UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2241753.75   | 0.18%             | 2039-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.)                                                                               | Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.), Series 2017 A, Ref. RB                                                         | CUSIP: 451295YV5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    635000 | PA      | $632187.20    | 0.05%             | 2027-11-15      | Fixed         | 4.00%                 | 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   | 0.33%             | 2030-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Golden Door Charter School)                                                                    | New Jersey (State of) Economic Development Authority (Golden Door Charter School), Series 2018 A, RB                                                   | CUSIP: 645912EV4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190483.89    | 0.02%             | 2029-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy)                                                                            | New Hope Cultural Education Facilities Finance Corp. (Cumberland Academy), Series 2020 A, RB                                                           | CUSIP: 64542QBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4484026.00   | 0.35%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (The Attwater)                                                                                   | New Hampshire (State of) Business Finance Authority (The Attwater), Series 2024, RB                                                                    | CUSIP: 63608TAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1935751.50   | 0.15%             | 2032-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy)                                                                        | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong Prep Academy), Series 2020, Ref. RB                                                    | CUSIP: 852297CZ1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1445935.95   | 0.11%             | 2040-09-01      | 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: 939783SZ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    240000 | PA      | $238703.38    | 0.02%             | 2026-07-01      | Fixed         | 4.00%                 | 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: 555542NB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171128.80    | 0.01%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 RR, RB                                                                             | CUSIP: 74526QUF7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155006.32    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment)                                                                                        | Maryland Heights (City of), MO (Westport Plaza Redevelopment), Series 2020, RB                                                                         | CUSIP: 57407CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2128654.82   | 0.17%             | 2038-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                                                | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017, RB                                                 | CUSIP: 87638RHR1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1950000.00   | 0.15%             | 2041-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Authority (Classical Academy of Sarasota (The))                                                                                        | Capital Trust Authority (Classical Academy of Sarasota (The)), Series 2024, RB                                                                         | CUSIP: 14054WBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1426755.11   | 0.11%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Good Samaritan Hospital)                                                                                       | Indiana (State of) Finance Authority (Good Samaritan Hospital), Series 2016 A, RB                                                                      | CUSIP: 45471CAY4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5785000 | PA      | $5692958.91   | 0.45%             | 2046-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $385052.51    | 0.03%             | 2029-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Proton International)                                                                                 | Wisconsin (State of) Public Finance Authority (Proton International), Series 2021 A, RB                                                                | CUSIP: 74442PVN2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5375000 | PA      | $4559007.28   | 0.36%             | 2031-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District)                                           | Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District), Series 2024, RB                            | CUSIP: 34281UAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $397076.90    | 0.03%             | 2044-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| American Samoa (Territory of) Economic Development Authority                                                                                         | American Samoa (Territory of) Economic Development Authority, Series 2015 A, Ref. RB                                                                   | CUSIP: 02936TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006670.30   | 0.08%             | 2029-09-01      | Fixed         | 6.25%                 | 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        |  13831000 | PA      | $4440225.40   | 0.35%             | 2046-07-01      | None          | 0.00%                 | 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        |   2000000 | PA      | $2008340.00   | 0.16%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2018, Ref. RB                                          | CUSIP: 088354GF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002491.20   | 0.08%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                                                       | Tender Option Bond Trust Receipts/Certificates, Series 2024, VRD RB                                                                                    | CUSIP: 88035JZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.24%             | 2032-07-01      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| Port of Seattle Industrial Development Corp. (Delta Airlines)                                                                                        | Port of Seattle Industrial Development Corp. (Delta Airlines), Series 2012, Ref. RB                                                                    | CUSIP: 735385AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6474674.31   | 0.51%             | 2030-04-01      | 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        |   4175000 | PA      | $4118536.47   | 0.33%             | 2039-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                                            | University of Puerto Rico, Series 2006 Q, RB                                                                                                           | CUSIP: 914811PN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.40%             | 2025-06-01      | Fixed         | 5.00%                 | Yes           |                  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 2014, Ref. RB                                                          | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.90   | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Mater Academy)                                                                                                    | Florida Development Finance Corp. (Mater Academy), Series 2020 A, RB                                                                                   | CUSIP: 34061UFX1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2824534.20   | 0.22%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690103.85    | 0.05%             | 2030-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avimor Community Infrastructure District No. 1 (Assessment Area Five)                                                                                | Avimor Community Infrastructure District No. 1 (Assessment Area Five), Series 2024, RB                                                                 | CUSIP: 05372AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1867000 | PA      | $1879928.60   | 0.15%             | 2053-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Rans-Elevon)                                                                                          | Wisconsin (State of) Public Finance Authority (Rans-Elevon), Series 2024, RB                                                                           | CUSIP: 74442PD51<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2987062.50   | 0.24%             | 2030-07-15      | 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        |   1070000 | PA      | $1013589.81   | 0.08%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Green Bonds)                                                                                      | Arkansas (State of) Development Finance Authority (Green Bonds), Series 2022, RB                                                                       | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7963681.60   | 0.63%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 6                                                                                                        | Brighton Crossing Metropolitan District No. 6, Series 2020 A, GO Bonds                                                                                 | CUSIP: 10933PAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $489444.82    | 0.04%             | 2040-12-01      | 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        |    715000 | PA      | $633233.24    | 0.05%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2022 B, RB                                                                                       | CUSIP: 74443DHD6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    665000 | PA      | $665911.18    | 0.05%             | 2028-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Evansville (City of), IN (Silver Birch of Evansville)                                                                                                | Evansville (City of), IN (Silver Birch of Evansville), Series 2017, RB                                                                                 | CUSIP: 299351AF3<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    200000 | PA      | $194504.46    | 0.02%             | 2028-01-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alpha Ranch)                                                                                          | Wisconsin (State of) Public Finance Authority (Alpha Ranch), Series 2024, RB                                                                           | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2220425.50   | 0.18%             | 2038-12-15      | None          | 0.00%                 | 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        |   4200000 | PA      | $4143198.36   | 0.33%             | 2039-02-01      | Fixed         | 6.12%                 | 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: 48503VAH5<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1891779.20   | 0.15%             | 2036-04-01      | Fixed         | 5.00%                 | 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        |   5175000 | PA      | $5138482.10   | 0.41%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canyon Pines Metropolitan District                                                                                                                   | Canyon Pines Metropolitan District, Series 2024, GO Bonds                                                                                              | CUSIP: 138867AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4842268.00   | 0.38%             | 2053-12-01      | Fixed         | 8.25%                 | 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    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakewood Ranch Stewardship District (Palm Grove)                                                                                                     | Lakewood Ranch Stewardship District (Palm Grove), Series 2024, RB                                                                                      | CUSIP: 51265KFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550558.25    | 0.04%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | 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        |   1750000 | PA      | $1554560.00   | 0.12%             | 2036-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                                       | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166289.51    | 0.01%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                         | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                          | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $308000.00    | 0.02%             | 2039-03-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mida Golf and Equestrian Center Public Infrastructure District                                                                                       | Mida Golf and Equestrian Center Public Infrastructure District, Series 2021, GO Bonds                                                                  | CUSIP: 59561BAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2004976.75   | 0.16%             | 2051-06-01      | Fixed         | 4.50%                 | 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        |   4000000 | PA      | $3429661.60   | 0.27%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kinston Metropolitan District No. 5                                                                                                                  | Kinston Metropolitan District No. 5, Series 2020 A, GO Bonds                                                                                           | CUSIP: 49717MAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951224.90    | 0.08%             | 2035-12-01      | Fixed         | 4.62%                 | 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        |   1600000 | PA      | $1655709.92   | 0.13%             | 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        |   2457156 | PA      | $2436145.55   | 0.19%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                                                                       | Tennergy Corp., Series 2021 A, RB                                                                                                                      | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3605919.62   | 0.28%             | 2028-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                                                | Houston (City of), TX, Series 2015 B-1, RB                                                                                                             | CUSIP: 4423487S1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $7681419.13   | 0.61%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                                 | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                             | CUSIP: 25755AAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1659000 | PA      | $1670014.27   | 0.13%             | 2027-12-01      | 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: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6539543.40   | 0.52%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berwyn (City of), IL (South Berwyn Corridor)                                                                                                         | Berwyn (City of), IL (South Berwyn Corridor), Series 2020, RB                                                                                          | CUSIP: 086274AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $973948.22    | 0.08%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of) Development Bank (Jackson County Gomesa)                                                                                      | Mississippi (State of) Development Bank (Jackson County Gomesa), Series 2021, RB                                                                       | CUSIP: 60534XKC9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   3040000 | PA      | $2744461.23   | 0.22%             | 2036-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.)                                                                                     | Arlington Higher Education Finance Corp. (Odyssey Academy, Inc.), Series 2023 A, RB                                                                    | CUSIP: 041807DU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1975056.14   | 0.16%             | 2033-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Municipal Finance Agency                                                                                               | Puerto Rico (Commonwealth of) Municipal Finance Agency, Series 2005 A, RB                                                                              | CUSIP: 745277QR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $306929.77    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conyers (City of), GA (Salem Gate)                                                                                                                   | Conyers (City of), GA (Salem Gate), Series 2024, RB                                                                                                    | CUSIP: 21288AAC0<br>LEI: 549300WNDBTR12BDTR82 | Long             | DBT              | MUN               | US        |   2870000 | PA      | $2792481.59   | 0.22%             | 2036-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)     | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico), Seri | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   4547752 | PA      | $4484437.74   | 0.35%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Sacramento (County of), CA (Juvenile Courthouse)                                                                                                     | Sacramento (County of), CA (Juvenile Courthouse), Series 2003, COP                                                                                     | CUSIP: 786110MX1<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   5405000 | PA      | $5411675.72   | 0.43%             | 2034-12-01      | Fixed         | 5.00%                 | 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        |   1000000 | PA      | $700000.00    | 0.06%             | 2026-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 Waterfront)                                                         | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (615 Waterfront), Series 2021, RB                                          | CUSIP: 018444BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $634381.58    | 0.05%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 5                                                                                                               | Hess Ranch Metropolitan District No. 5, Series 2024 A-2, RB                                                                                            | CUSIP: 428111AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.02%             | 2043-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Riverpark Metropolitan District (County of Arapahoe)                                                                                                 | Riverpark Metropolitan District (County of Arapahoe), Series 2024, GO Bonds                                                                            | CUSIP: 76883BAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1863087.37   | 0.15%             | 2042-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                                                            | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-1A, RB                                                          | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940828 | PA      | $2727503.28   | 0.22%             | 2041-07-20      | Fixed         | 4.25%                 | 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   | 0.18%             | 2032-12-01      | None          | 0.00%                 | 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: 04052BHC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $620862.12    | 0.05%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Copperleaf Metropolitan District No. 6                                                                                                               | Copperleaf Metropolitan District No. 6, Series 2022 B, GO Bonds                                                                                        | CUSIP: 21765PAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1219196.93   | 0.10%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy), Series 2021 A, RB                                                           | CUSIP: 744396GS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    615000 | PA      | $518169.17    | 0.04%             | 2041-06-15      | 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: 64945JAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $727144.49    | 0.06%             | 2035-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2018, Ref. RB                                          | CUSIP: 088354GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2612609.39   | 0.21%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds)                                                                    | Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds), Series 2020, RB                                                     | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7370000 | PA      | $7222373.00   | 0.57%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 5                                                                                                               | Hess Ranch Metropolitan District No. 5, Series 2024 A-1, RB                                                                                            | CUSIP: 428111AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    478226 | PA      | $478226.00    | 0.04%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch)                                                                                   | New Hampshire (State of) Business Finance Authority (Thomas Ranch), Series 2024, RB                                                                    | CUSIP: 63608TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $3975038.25   | 0.31%             | 2034-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.)                                                   | New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.), Series 2024, RB                                    | CUSIP: 63610JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $850889.26    | 0.07%             | 2033-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining)                                                                          | Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining), Series 2019 A, Ref. IDR                                                   | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3940964.40   | 0.31%             | 2044-05-01      | Fixed         | 5.25%                 | 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        |   1927397 | PA      | $192739.75    | 0.02%             | 2027-07-01      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| West Villages Improvement District (Develepmont Unit No. 10)                                                                                         | West Villages Improvement District (Develepmont Unit No. 10), Series 2024, RB                                                                          | CUSIP: 956454CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484411.90    | 0.04%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus)                                                    | Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus), Series 2024, Ref. RB                                | CUSIP: 74442EME7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2051181.52   | 0.16%             | 2044-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                                                        | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                         | CUSIP: 74446EAA4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483750.00    | 0.04%             | 2027-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UIPA Crossroads Public Infrastructure District                                                                                                       | UIPA Crossroads Public Infrastructure District, Series 2021, RB                                                                                        | CUSIP: 90279EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2700405.90   | 0.21%             | 2041-06-01      | Fixed         | 4.12%                 | 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   | 0.17%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Medical District Commission                                                                                                      | Illinois (State of) Medical District Commission, Series 2002, COP                                                                                      | CUSIP: 45202VAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140118.58    | 0.01%             | 2032-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities)                                          | Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                         | CUSIP: 95737MAA9<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3629035.90   | 0.29%             | 2046-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Morton Grove (Village of), IL (Sawmill Station Redevelopment)                                                                                        | Morton Grove (Village of), IL (Sawmill Station Redevelopment), Series 2019, RB                                                                         | CUSIP: 619295AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $628484.86    | 0.05%             | 2029-01-01      | Fixed         | 4.25%                 | 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 2024, RB                                               | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5144128.00   | 0.41%             | 2032-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                                                                                                   | Denver Health & Hospital Authority, Series 2025, RB                                                                                                    | CUSIP: 24918EEM8<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $487196.70    | 0.04%             | 2045-12-01      | 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 B, Ref. RB                                                                   | CUSIP: 47248EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5499000 | PA      | $5489968.99   | 0.43%             | 2050-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mida Golf and Equestrian Center Public Infrastructure District                                                                                       | Mida Golf and Equestrian Center Public Infrastructure District, Series 2021, GO Bonds                                                                  | CUSIP: 59561BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $1791625.78   | 0.14%             | 2041-06-01      | Fixed         | 4.25%                 | 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: 041806RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1058907.51   | 0.08%             | 2029-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Ecumen Obligated Group)                                                                                                        | Bethel (City of), MN (Ecumen Obligated Group), Series 2024, Ref. RB                                                                                    | CUSIP: 08675RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1460936.40   | 0.12%             | 2044-03-01      | Fixed         | 6.12%                 | 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    | 0.03%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Ascend Leadership Academy), Series 2021 A, RB                                                           | CUSIP: 744396GR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $503716.51    | 0.04%             | 2031-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 2                                                                                                            | Colliers Hill Metropolitan District No. 2, Series 2022 B-2, GO Bonds                                                                                   | CUSIP: 194689AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009051.20   | 0.16%             | 2042-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Ramsey (City of), MN (Pact Charter School)                                                                                                           | Ramsey (City of), MN (Pact Charter School), Series 2022 A, Ref. RB                                                                                     | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939994.60   | 0.15%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy)                                                                    | Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy), Series 2019, RB                                                     | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    540000 | PA      | $489125.79    | 0.04%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                                                                                            | Rampart Range Metropolitan District No. 5, Series 2021, RB                                                                                             | CUSIP: 75157WAA0<br>LEI: 549300R7FFMPZ9FYUQ36 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1158488.13   | 0.09%             | 2036-12-01      | 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: 64542UBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3911749.39   | 0.31%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus)                                                    | Wisconsin (State of) Public Finance Authority (Pinecrest Academy of Nevada - Sloan Canyon Campus), Series 2024, Ref. RB                                | CUSIP: 74442EMD9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $669194.18    | 0.05%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                                         | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                   | CUSIP: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1353400.00   | 0.11%             | 2035-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II)                                                             | Wisconsin (State of) Health & Educational Facilities Authority (Dickson Hollow Phase II), Series 2024, RB                                              | CUSIP: 97712JJU8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301277.52    | 0.02%             | 2044-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver Gateway Center Metropolitan District                                                                                                          | Denver Gateway Center Metropolitan District, Series 2018 A, GO Bonds                                                                                   | CUSIP: 24918HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1343000 | PA      | $1322446.06   | 0.10%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74439YFY2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $547649.03    | 0.04%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (North Star Charter School)                                                                           | Idaho (State of) Housing & Finance Association (North Star Charter School), Series 2014 A, Ref. RB                                                     | CUSIP: 45129GCE3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    525926 | PA      | $534062.08    | 0.04%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation)                                                              | Bexar County Health Facilities Development Corp. (Army Retirement Residence Foundation), Series 2016, Ref. RB                                          | CUSIP: 088354FM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $912420.30    | 0.07%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Merit Preparatory Academy)                                                                         | Utah (State of) Charter School Finance Authority (Merit Preparatory Academy), Series 2019 A, RB                                                        | CUSIP: 91754TXE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489045.85    | 0.04%             | 2029-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Huron Academy)                                                                                                | Michigan (State of) Finance Authority (Huron Academy), Series 2024, Ref. RB                                                                            | CUSIP: 594479JT5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2270397.34   | 0.18%             | 2034-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority                                                                                          | Sierra (City of), AZ Vista Industrial Development Authority, Series 2024, Ref. RB                                                                      | CUSIP: 82652UAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1428299.40   | 0.11%             | 2044-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Municipal Finance Agency                                                                                               | Puerto Rico (Commonwealth of) Municipal Finance Agency, Series 2002 A, RB                                                                              | CUSIP: 745277PD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $749728.22    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                                                               | North Carolina Medical Care Commission, Series 2016, RB                                                                                                | CUSIP: 65820YMR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996747.30    | 0.08%             | 2037-10-01      | Fixed         | 5.00%                 | 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        |  11805000 | PA      | $11817238.24  | 0.93%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                             | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022 A, RB                                                            | CUSIP: 74442EJF8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498587.60    | 0.04%             | 2032-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                                                                       | Tennergy Corp., Series 2022 A, RB                                                                                                                      | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   5950000 | PA      | $6239228.31   | 0.49%             | 2030-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                        | CUSIP: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996332.40    | 0.08%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2007, RB                                               | CUSIP: 447297AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $49500.00     | 0.00%             | 2028-01-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1)                                                                         | Decatur (City of), TX (Paloma Trails Public Improvement District Area No. 1), Series 2025, RB                                                          | CUSIP: 243340AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $531687.58    | 0.04%             | 2045-09-15      | Fixed         | 5.50%                 | 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        |   3210000 | PA      | $2805209.69   | 0.22%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol (City of), TN Industrial Development Board (Pinnacle)                                                                                        | Bristol (City of), TN Industrial Development Board (Pinnacle), Series 2016, RB                                                                         | CUSIP: 11023QAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2515741.85   | 0.20%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District (Phase 2)                                                                                                   | Creekview Community Development District (Phase 2), Series 2024, RB                                                                                    | CUSIP: 225514AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1906381.80   | 0.15%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.)                                                   | New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.), Series 2024, RB                                    | CUSIP: 63610JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $816823.52    | 0.06%             | 2038-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority                                                                                     | Connecticut (State of) Health & Educational Facilities Authority, Series 2025 A, RB                                                                    | CUSIP: 20775DZM7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023565.80   | 0.08%             | 2030-09-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                                              | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2014, RB                                               | CUSIP: 447297AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5022484 | PA      | $2762366.43   | 0.22%             | 2026-07-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Ascent Academies of Utah)                                                                          | Utah (State of) Charter School Finance Authority (Ascent Academies of Utah), Series 2022, RB                                                           | CUSIP: 91754TR96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3297590.92   | 0.26%             | 2037-06-15      | 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: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5470000 | PA      | $5437456.78   | 0.43%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy), Series 2024, RB                                                          | CUSIP: 74443DLB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $239015.30    | 0.02%             | 2039-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Aurora (City of), IL (East River Area TIF No. 6)                                                                                                     | Aurora (City of), IL (East River Area TIF No. 6), Series 2018 A, Ref. RB                                                                               | CUSIP: 051688AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553496.74    | 0.04%             | 2027-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Greer Preparatory Academy Project), Series 2024, RB                                     | CUSIP: 83704MEP7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972225.10    | 0.08%             | 2045-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Sienna Hills Public Infrastructure District No. 1                                                                                                    | Sienna Hills Public Infrastructure District No. 1, Series 2023 A, GO Bonds                                                                             | CUSIP: 82621GAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2496894.00   | 0.20%             | 2035-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Whiting (City of), IN (BP Products North America, Inc.)                                                                                              | Whiting (City of), IN (BP Products North America, Inc.), Series 2015, RB                                                                               | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012773.60   | 0.08%             | 2031-06-10      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                       | Rocky Mountain Rail Park Metropolitan District, Series 2021 A, GO Bonds                                                                                | CUSIP: 774762AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3445000 | PA      | $3435800.13   | 0.27%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2024, RB                                                                                         | CUSIP: 74442PC94<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1415200.76   | 0.11%             | 2029-05-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences)                                                                | Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences), Series 2022, RB                                                 | CUSIP: 74442PZW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10192.14     | 0.00%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy)                                                         | South Carolina (State of) Jobs-Economic Development Authority (Oceanside Collegiate Academy), Series 2024, Ref. RB                                     | CUSIP: 83704MEK8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2658150.46   | 0.21%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group)                                                     | Escambia (County of), FL Health Facilities Authority (Baptist Health Care Corp. Obligated Group), Series 2020, Ref. RB                                 | CUSIP: 296110GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1707549.48   | 0.13%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfield (City of), AL                                                                                                                              | Fairfield (City of), AL, Series 2012, GO Wts.                                                                                                          | CUSIP: 304117GB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2488500.00   | 0.20%             | 2031-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No. 1                                                                                                         | Olympia Public Infrastructure District No. 1, Series 2024 A-2, RB                                                                                      | CUSIP: 681484AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4032059.20   | 0.32%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries)                                                                        | New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries), Series 2022, Ref. RB                                                    | CUSIP: 64542UFW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1397855.40   | 0.11%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                                                      | Calplant I, LLC                                                                                                                                        | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $151086.20    | 0.01%             | 2025-07-01      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                                                 | New Hope Cultural Education Facilities Finance Corp., Series 2025, RB                                                                                  | CUSIP: 64542UHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4808747.00   | 0.38%             | 2045-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Spokane International Academy)                                                                     | Washington (State of) Housing Finance Commission (Spokane International Academy), Series 2021 A, RB                                                    | CUSIP: 93978LGF7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1405583.16   | 0.11%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Park (City of), MN (Athlos Leadership Academy)                                                                                              | Brooklyn Park (City of), MN (Athlos Leadership Academy), Series 2015 A, RB                                                                             | CUSIP: 114224AG3<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99846.78     | 0.01%             | 2025-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Millsboro (Town of), DE (Plantation Lakes Special Development District)                                                                              | Millsboro (Town of), DE (Plantation Lakes Special Development District), Series 2018, Ref. RB                                                          | CUSIP: 601266AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1336000 | PA      | $1341977.00   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District (PDP No. 4)                                                                                                         | East Nassau Stewardship District (PDP No. 4), Series 2024, RB                                                                                          | CUSIP: 27379AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1348396.47   | 0.11%             | 2029-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                       | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                               | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $1924193.66   | 0.15%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| I-470 Western Gateway Transportation Development District                                                                                            | I-470 Western Gateway Transportation Development District, Series 2019 A, RB                                                                           | CUSIP: 44952RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29754.17     | 0.00%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.)                                                                                    | Florida Development Finance Corp. (Parrish Charter Academy, Inc.), Series 2023, RB                                                                     | CUSIP: 34061ULY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2962277.10   | 0.23%             | 2028-06-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alamance Community School)                                                                            | Wisconsin (State of) Public Finance Authority (Alamance Community School), Series 2021 A, RB                                                           | CUSIP: 744396GX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    510000 | PA      | $448047.65    | 0.04%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                            | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                             | CUSIP: 010685JT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $975000.00    | 0.08%             | 2034-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Legacy Traditional Schools)                                                                                | Arlington Higher Education Finance Corp. (Legacy Traditional Schools), Series 2021, Ref. RB                                                            | CUSIP: 0418064V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2125565.86   | 0.17%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2024 C, RB                                                                                                       | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085005.80   | 0.16%             | 2031-12-01      | Variable      | 5.00%                 | 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        |   7045000 | PA      | $6992956.47   | 0.55%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boggy Creek Improvement District                                                                                                                     | Boggy Creek Improvement District, Series 2023, Ref. RB                                                                                                 | CUSIP: 097206AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $945567.37    | 0.07%             | 2033-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Proton International)                                                                                 | Wisconsin (State of) Public Finance Authority (Proton International), Series 2021 A, RB                                                                | CUSIP: 74442PVP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2286445.57   | 0.18%             | 2041-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.)                                                                                  | Indiana (State of) Finance Authority (Ohio Valley Electrical Corp.), Series 2012 A, RB                                                                 | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1599885.09   | 0.13%             | 2030-11-01      | Fixed         | 4.25%                 | 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: 140542BM2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    625000 | PA      | $10937.50     | 0.00%             | 2033-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Midtown Metropoltan District                                                                                                                         | Midtown Metropoltan District, Series 2022, GO Bonds                                                                                                    | CUSIP: 598072AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026280.10   | 0.08%             | 2051-12-01      | Fixed         | 6.75%                 | 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: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3374731.10   | 0.27%             | 2028-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                                                                                         | West Virginia Economic Development Authority, Series 2025, RB                                                                                          | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4974340.50   | 0.39%             | 2032-05-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy)                                                                            | Wisconsin (State of) Public Finance Authority (Quality Education Academy), Series 2023, RB                                                             | CUSIP: 744396HZ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    690000 | PA      | $709935.07    | 0.06%             | 2043-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools)                                                                 | Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools), Series 2020, Ref. RB                                             | CUSIP: 72177MTD9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1291678.96   | 0.10%             | 2030-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                                                                                              | Capital Trust Authority, Series 2025, RB                                                                                                               | CUSIP: 14054WBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1181875.75   | 0.09%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1)                                           | Travis County Development Authority (Turner's Crossing Public Improvement District Improvement Area No. 1), Series 2025, RB                            | CUSIP: 89441ABA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $660765.49    | 0.05%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Wesley Communities)                                                                                                        | Franklin (County of), OH (Wesley Communities), Series 2020, Ref. RB                                                                                    | CUSIP: 353180LK6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1448536.35   | 0.11%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter School, Inc.)                                         | Philadelphia (City of), PA Authority for Industrial Development (Alliance for Progress Charter School, Inc.), Series 2019 A, RB                        | CUSIP: 71781XFV0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1734021.34   | 0.14%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System)                                                              | Wisconsin (State of) Health & Educational Facilities Authority (Camillus Health System), Series 2019, Ref. RB                                          | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1462395.17   | 0.12%             | 2046-11-01      | 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        |   2849000 | PA      | $2732397.27   | 0.22%             | 2041-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $461218.00    | 0.04%             | 2051-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1)                                                                              | Wohali Public Infrastructure District No. 1 (Wohali Assessment Area #1), Series 2023, RB                                                               | CUSIP: 929335AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2913807.00   | 0.23%             | 2042-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Strategic Fund (Evangelical Homes)                                                                                               | Michigan (State of) Strategic Fund (Evangelical Homes), Series 2013, Ref. RB                                                                           | CUSIP: 594698KV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2158287.85   | 0.17%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                                                          | Military Installation Development Authority, Series 2021 A-2, RB                                                                                       | CUSIP: 599772AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1090662.38   | 0.09%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                                                                                                       | Rocky Mountain Rail Park Metropolitan District, Series 2021 A, GO Bonds                                                                                | CUSIP: 774762AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1907609.00   | 0.15%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  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: 717824AN6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502802.35    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laredo (City of), TX                                                                                                                                 | Laredo (City of), TX, Series 2024, RB                                                                                                                  | CUSIP: 517039C43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051281.20   | 0.08%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                                              | Broward (County of), FL, Series 2015 A, RB                                                                                                             | CUSIP: 114894WJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9842997.00   | 0.78%             | 2045-10-01      | 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 2013 A, Ref. RB                                        | CUSIP: 821697H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $607652.90    | 0.05%             | 2041-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Northridge Community Development District                                                                                                            | Northridge Community Development District, Series 2025, RB                                                                                             | CUSIP: 66668PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1729414.40   | 0.14%             | 2045-05-01      | Fixed         | 5.75%                 | 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: 59447NAX4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047147.30   | 0.08%             | 2040-02-29      | 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: 74529JQC2<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1027000 | PA      | $945247.00    | 0.07%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority                                                                                               | Greater Cincinnati (Port of), OH Development Authority, Series 2004, RB                                                                                | CUSIP: 734198AB0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1775262.44   | 0.14%             | 2034-02-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Ackley (City of), IA (Grand Jivante)                                                                                                                 | Ackley (City of), IA (Grand Jivante), Series 2018 A, RB                                                                                                | CUSIP: 004603AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $510730.92    | 0.04%             | 2033-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                        | Wisconsin (State of) Public Finance Authority, Series 2023 A, Ref. RB                                                                                  | CUSIP: 74442ELJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1787372.28   | 0.14%             | 2043-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                                                     | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 A, RB                                                                    | CUSIP: 19648FTF1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3615426.98   | 0.29%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                                              | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                                          | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5410000 | PA      | $6085337.33   | 0.48%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                                         | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2023, RB                                                          | CUSIP: 041807DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998200.40    | 0.08%             | 2026-06-15      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                                       | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                      | CUSIP: 25483VSD7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009760.00   | 0.08%             | 2032-07-01      | 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 2019, Ref. RB                                           | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2253105.00   | 0.18%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota (State of) Housing Finance Agency (Social Bonds)                                                                                        | North Dakota (State of) Housing Finance Agency (Social Bonds), Series 2024 C, RB                                                                       | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1090992.87   | 0.09%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                 | AES PUERTO RICO Inc.                                                                                                                                   | CUSIP: 00810HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    148215 | PA      | $143766.72    | 0.01%             | 2026-03-04      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools)                                                      | Pima (County of), AZ Industrial Development Authority (The) (Imagine East Mesa Charter Schools), Series 2019, RB                                       | CUSIP: 72177PCD0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400274.88    | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis (City of), MN (Spero Academy)                                                                                                            | Minneapolis (City of), MN (Spero Academy), Series 2017 A, RB                                                                                           | CUSIP: 60375CAM6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351717.10    | 0.03%             | 2027-07-01      | Fixed         | 5.50%                 | 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        |   1560000 | PA      | $1559892.98   | 0.12%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus)                                                      | Wisconsin (State of) Public Finance Authority (Mater Academy of Nevada - East Las Vegas Campus), Series 2024, RB                                       | CUSIP: 74442ELS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    825000 | PA      | $841134.61    | 0.07%             | 2034-12-15      | 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 2024 A, RB                                                                                | CUSIP: 1675934M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2232377.04   | 0.18%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (River Ranch)                                                                                    | New Hampshire (State of) Business Finance Authority (River Ranch), Series 2025, RB                                                                     | CUSIP: 63608TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6683602.00   | 0.53%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   2196000 | PA      | $1968730.03   | 0.16%             | 2058-07-01      | Fixed         | 4.78%                 | 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        |    100000 | PA      | $99349.96     | 0.01%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hillside (Village of), IL (Mannheim Redevelopment)                                                                                                   | Hillside (Village of), IL (Mannheim Redevelopment), Series 2018, Ref. RB                                                                               | CUSIP: 432638AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1837289.26   | 0.15%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King (County of), WA Public Hospital District No. 4                                                                                                  | King (County of), WA Public Hospital District No. 4, Series 2015 A, RB                                                                                 | CUSIP: 494796AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1677849.85   | 0.13%             | 2045-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1)                                                                          | Firefly Public Infrastructure District No. 1 (Firefly Assessment Area No.1), Series 2024, RB                                                           | CUSIP: 31816CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1944699 | PA      | $1898417.30   | 0.15%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Westerly Metropolitan District No. 4                                                                                                                 | Westerly Metropolitan District No. 4, Series 2021 A, GO Bonds                                                                                          | CUSIP: 957568AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $581905.44    | 0.05%             | 2031-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                                       | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                   | CUSIP: 170692CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2169958.34   | 0.17%             | 2044-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Frisco (Town of), CO (Marina Enterprise)                                                                                                             | Frisco (Town of), CO (Marina Enterprise), Series 2019, RB                                                                                              | CUSIP: 35876MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $584012.04    | 0.05%             | 2036-12-01      | 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 2024, Ref. RB                                         | CUSIP: 60635H4B2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991686.90    | 0.08%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Forks (City of), ND (Altru Health System)                                                                                                      | Grand Forks (City of), ND (Altru Health System), Series 2021, Ref. RB                                                                                  | CUSIP: 38546WDM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $2958744.38   | 0.23%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Evanston (City of), IL (Roycemore School)                                                                                                            | Evanston (City of), IL (Roycemore School), Series 2021, RB                                                                                             | CUSIP: 299231AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $215111.40    | 0.02%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Polk (County of), FL Industrial Development Authority (Mineral Development LLC)                                                                      | Polk (County of), FL Industrial Development Authority (Mineral Development LLC), Series 2020, RB                                                       | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $1655900.00   | 0.13%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $320039.46    | 0.03%             | 2028-10-01      | Fixed         | 4.25%                 | 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    | 0.01%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY N Y INDL DEV AGY CONTINUING CARE RETIREMENT                                                                                              | NASSAU CNTY N Y INDL DEV AGY CONTINUING CARE RETIREMENT                                                                                                | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    967346 | PA      | $9.67         | 0.00%             | 2058-01-01      | Variable      | 0.00%                 | 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        |   1500000 | PA      | $1641287.70   | 0.13%             | 2035-12-01      | Fixed         | 6.25%                 | 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: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400955.64   | 0.11%             | 2044-11-15      | Fixed         | 5.50%                 | 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        |   3000000 | PA      | $3005689.20   | 0.24%             | 2040-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Ascent 613)                                                                                       | California (State of) Municipal Finance Authority (Ascent 613), Series 2025 A, RB                                                                      | CUSIP: 13051EAG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $480710.05    | 0.04%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association (North Star Charter School)                                                                           | Idaho (State of) Housing & Finance Association (North Star Charter School), Series 2014 A, Ref. RB                                                     | CUSIP: 45129GCF0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   2383823 | PA      | $2394927.09   | 0.19%             | 2048-07-01      | Fixed         | 6.75%                 | 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: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2564018.25   | 0.20%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.)                                                             | Tompkins County Development Corp. (Tompkins Cortland Community College Foundation, Inc.), Series 2013 A, RB                                            | CUSIP: 890096BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $220000.00    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | 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        |   2034531 | PA      | $1379032.17   | 0.11%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ecorse (City of), MI                                                                                                                                 | Ecorse (City of), MI, Series 2011, GO Bonds                                                                                                            | CUSIP: 279155BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750981.08    | 0.06%             | 2026-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| King (County of), WA Housing Authority (Rural Preservation)                                                                                          | King (County of), WA Housing Authority (Rural Preservation), Series 1997, RB                                                                           | CUSIP: 494759HB2<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5003.09      | 0.00%             | 2028-01-01      | Fixed         | 5.75%                 | 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: 64542UCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1013145.51   | 0.08%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Dakota (County of), MN Community Development Agency (Quill)                                                                                          | Dakota (County of), MN Community Development Agency (Quill), Series 2021, RB                                                                           | CUSIP: 23409VFK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3942715.50   | 0.31%             | 2039-04-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority                                                                                          | Sierra (City of), AZ Vista Industrial Development Authority, Series 2024, Ref. RB                                                                      | CUSIP: 82652UAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1621798.59   | 0.13%             | 2034-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                                | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                                 | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $4918730.19   | 0.39%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Indigo)                                                                                               | Wisconsin (State of) Public Finance Authority (Indigo), Series 2023, RB                                                                                | CUSIP: 74447TAB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4537675.80   | 0.36%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School)                                                                           | Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School), Series 2015, RB                                                            | CUSIP: 452022AE6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100085.33    | 0.01%             | 2025-12-01      | Fixed         | 5.25%                 | 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        |    120000 | PA      | $120052.64    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | 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        |    265000 | PA      | $256805.96    | 0.02%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                                 | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                             | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3465272.22   | 0.27%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Teaneck Community Charter School)                                                              | New Jersey (State of) Economic Development Authority (Teaneck Community Charter School), Series 2017 A, Ref. RB                                        | CUSIP: 645912EB8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140368.82    | 0.01%             | 2027-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                                        | Main Street Natural Gas, Inc., Series 2022 C, RB                                                                                                       | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4970477.00   | 0.39%             | 2027-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                                           | CUSIP: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1914781.40   | 0.15%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lynn Housing Authority & Neighborhood Development                                                                                                    | Lynn Housing Authority & Neighborhood Development, Series 2018, Ref. RB                                                                                | CUSIP: 551436AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100003.26    | 0.01%             | 2026-10-01      | 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: 73360CAJ3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1970995.73   | 0.16%             | 2030-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The)                                                                         | Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The), Series 2016 A, Ref. RB                                                   | CUSIP: 71885FEA1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900599.43   | 0.23%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                               | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1656798.66   | 0.13%             | 2040-11-01      | Fixed         | 5.12%                 | 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: 61022CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1343429.86   | 0.11%             | 2027-06-01      | Fixed         | 4.50%                 | 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        |   3886380 | PA      | $2336686.18   | 0.18%             | 2043-11-01      | Variable      | 0.00%                 | 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: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088416.50   | 0.09%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Department of Education (John F. Kennedy)                                                                                        | Guam (Territory of) Department of Education (John F. Kennedy), Series 2020, Ref. COP                                                                   | CUSIP: 40065AAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2648733.73   | 0.21%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Thomas M. Colley Law School)                                                                                  | Michigan (State of) Finance Authority (Thomas M. Colley Law School), Series 2014, Ref. RB                                                              | CUSIP: 594479CC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1604072.08   | 0.13%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Emerson College)                                                                         | Massachusetts (Commonwealth of) Development Finance Agency (Emerson College), Series 2025, Ref. RB                                                     | CUSIP: 57585BDU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1125374.53   | 0.09%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation                                                                                                                                 | Oneida Indian Nation, Series 2024 B, RB                                                                                                                | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2265379.32   | 0.18%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds)   | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Vermilion (Parish of), LA Gomesha) (Green Bonds), Se | CUSIP: 54628CHV7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1460499.32   | 0.12%             | 2038-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Detroit (City of), MI                                                                                                                                | Detroit (City of), MI, Series 2014 B-1, GO Bonds                                                                                                       | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2485795 | PA      | $1913209.52   | 0.15%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red Rock Campus)                                          | Arizona (State of) Industrial Development Authority (Doral Academy of Nevada - Fire Mesa & Red Rock Campus), Series 2019, RB                           | CUSIP: 04052BHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $468179.04    | 0.04%             | 2029-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Prism Health Obligated Group)                                                         | South Carolina (State of) Jobs-Economic Development Authority (Prism Health Obligated Group), Series 2018, VRD RB                                      | CUSIP: 83703FML3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.16%             | 2048-05-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                                    | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                                | CUSIP: 05921PBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1116910.30   | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA Urban Residential Finance Authority (GE Tower Apartments)                                                                      | Atlanta (City of), GA Urban Residential Finance Authority (GE Tower Apartments), Series 2023 B, RB                                                     | CUSIP: 04785VBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.40%             | 2025-06-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. 2)                                                    | Providence Village (Town of), TX (Foree Ranch Public Improvement District Improvement Area No. 2), Series 2025, RB                                     | CUSIP: 743816AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $716154.45    | 0.06%             | 2045-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pomona Unified School District                                                                                                                       | Pomona Unified School District, Series 2021 F, GO Bonds                                                                                                | CUSIP: 732098RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $743076.50    | 0.06%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                                                                                               | Patriots Energy Group Financing Agency, Series 2023 A-1, RB                                                                                            | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2633119.25   | 0.21%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                             | Public Finance Authority, Series 2025, RB                                                                                                              | CUSIP: 74439YGF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $343012.78    | 0.03%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Imagine School at North Manatee)                                                                                         | Capital Trust Agency, Inc. (Imagine School at North Manatee), Series 2021 C, RB                                                                        | CUSIP: 14054CEQ8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    465000 | PA      | $422410.60    | 0.03%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                                          | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2016, Ref. RB                                                      | CUSIP: 590743CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    219958 | PA      | $2199.58      | 0.00%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Resolute Forest Products Inc.                                                                                                                        | Resolute Forest Products Inc.                                                                                                                          | CUSIP: 761CVR042<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6757 | NS      | $9594.94      | 0.00%             |  |  |  | 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        |  10510000 | PA      | $10788767.24  | 0.85%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Ecumen Obligated Group)                                                                                                        | Bethel (City of), MN (Ecumen Obligated Group), Series 2024, Ref. RB                                                                                    | CUSIP: 08675RAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750190.05    | 0.06%             | 2034-03-01      | 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 2009 A, RB                                                                           | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1104493.68   | 0.09%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority (Longview 71 Public Improvement District Improvement Area No. 1)                                                 | Travis County Development Authority (Longview 71 Public Improvement District Improvement Area No. 1), Series 2024, RB                                  | CUSIP: 89441AAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    477000 | PA      | $466241.46    | 0.04%             | 2032-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                                    | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2024, RB                                     | CUSIP: 82652UAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1765608.42   | 0.14%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Imagine School At West Pasco Project)                                                                                       | Capital Trust Authority (Imagine School At West Pasco Project), Series 2023, RB                                                                        | CUSIP: 14054WAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2084688.73   | 0.16%             | 2043-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RiverSouth Authority                                                                                                                                 | RiverSouth Authority, Series 2007 A, RB                                                                                                                | CUSIP: 769318CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $405054.23    | 0.03%             | 2027-12-01      | Fixed         | 5.75%                 | 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: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2926766.40   | 0.23%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPU3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   2662000 | PA      | $2644290.25   | 0.21%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                                                 | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2020, Ref. RB                                                             | CUSIP: 34061UFB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $956640.55    | 0.08%             | 2040-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crandall (City of), TX                                                                                                                               | Crandall (City of), TX, Series 2021, RB                                                                                                                | CUSIP: 224384AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99028.14     | 0.01%             | 2031-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                                                    | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2019, Ref. RB                                                                                | CUSIP: 967249QR7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1275548.54   | 0.10%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brainerd MN                                                                                                                                  | City of Brainerd MN, Series 2025, RB                                                                                                                   | CUSIP: 10501DAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4545115.26   | 0.36%             | 2045-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                               | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                             | CUSIP: 74526QSY9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165006.73    | 0.01%             | 2026-07-01      | 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: 16080TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1358735.32   | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated Group)                                             | Orange (County of), FL Health Facilities Authority (Presbyterian Retirement Communities Obligated Group), Series 2024, Ref. RB                         | CUSIP: 68450LJB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1850069.52   | 0.15%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation)                                                                    | Arizona (State of) Industrial Development Authority (Kaizen Education Foundation), Series 2016, RB                                                     | CUSIP: 04052BAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1412677.00   | 0.11%             | 2036-07-01      | Fixed         | 5.75%                 | 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        |    500000 | PA      | $473914.65    | 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        |    685000 | PA      | $688231.01    | 0.05%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                                       | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB                                                                               | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2140473.84   | 0.17%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Cypress Christian School)                                                                                  | Arlington Higher Education Finance Corp. (Cypress Christian School), Series 2024, RB                                                                   | CUSIP: 041807FZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3837598.61   | 0.30%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tunica (County of), MS                                                                                                                               | Tunica (County of), MS, Series 2019, Ref. RB                                                                                                           | CUSIP: 899759AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1436932.16   | 0.11%             | 2040-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties) | Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational Facilities Board (The) (Trousdale Foundation Properties),  | CUSIP: 59212TAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1606684 | PA      | $20083.54     | 0.00%             | 2028-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Montana Board of Housing                                                                                                                             | Montana Board of Housing, Series 2025, RB                                                                                                              | CUSIP: 61212VAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501758.75   | 0.20%             | 2026-12-01      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                               | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2020, RB                                                | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $10.00        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                                              | District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB                                                                               | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17230000 | PA      | $17779035.67  | 1.41%             | 2040-05-15      | Fixed         | 6.75%                 | 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: 140542BL4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $13125.00     | 0.00%             | 2028-07-01      | Fixed         | 4.00%                 | Yes           |                  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: 67884XCJ4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2117656.79   | 0.17%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                                                           | Tarrant County Cultural Education Facilities Finance Corp., Series 2025, RB                                                                            | CUSIP: 87638QTJ8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10381989.00  | 0.82%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (ACCEL Schools)                                                                                  | Arizona (State of) Industrial Development Authority (ACCEL Schools), Series 2018 A, RB                                                                 | CUSIP: 04052BGH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1956335.27   | 0.15%             | 2033-08-01      | 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 2024, RB                                                                 | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1403198.25   | 0.11%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Kissimmee Charter Academy)                                                                                       | Capital Projects Finance Authority (Kissimmee Charter Academy), Series 2024, RB                                                                        | CUSIP: 14043FAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152515.70    | 0.01%             | 2044-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University Health)                                                                | Knox (County of), TN Health, Educational & Housing Facility Board (University Health), Series 2017, Ref. RB                                            | CUSIP: 49952MEG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2612665.47   | 0.21%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lowery Hills Community Development District                                                                                                          | Lowery Hills Community Development District, Series 2025, RB                                                                                           | CUSIP: 548652AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $694396.08    | 0.05%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Energy Southeast, A Cooperative District                                                                                                             | Energy Southeast, A Cooperative District, Series 2024 B, RB                                                                                            | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1588128.45   | 0.13%             | 2032-06-01      | Variable      | 5.25%                 | 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        |   3857823 | PA      | $3631087.96   | 0.29%             | 2036-10-20      | 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 2018, VRD RB                                                                             | CUSIP: 64971XHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.55%             | 2042-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** AIM Counselor Series Trust (Invesco Counselor Series Trust)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer