# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0001752724-25-183697
**Filing Date:** 2025-7
**Character Count:** 534153
**Document Hash:** 5db2fb88ed60919935f0cad4cae9de3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183697.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183697

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 251166447

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

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

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

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

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

## Series and Classes Contracts Data

### Invesco California Municipal Fund (Series ID: S000064641)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209290 | Class A      | OPCAX           |
| C000209291 | Class Y      | OCAYX           |
| C000209292 | Class C      | OCACX           |
| C000209293 | Class R6     | IORCX           |

## 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–111.36%**<sup>(a)</sup>  | **Municipal Obligations–111.36%**<sup>(a)</sup>  | **Municipal Obligations–111.36%**<sup>(a)</sup>  | **Municipal Obligations–111.36%**<sup>(a)</sup>  | **Municipal Obligations–111.36%**<sup>(a)</sup>  |
| **California–106.70%** | **California–106.70%** | **California–106.70%** | **California–106.70%** | **California–106.70%** |
| Adelanto Community Facilities District No. 2006-2 (Improvement Area No. 2); Series 2015 A, RB | 5.00% | 09/01/2045 | $1000 | &nbsp;&nbsp; $1000032 |
| Adelanto Public Utility Authority (Utility System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 07/01/2039 | 5445 | &nbsp;&nbsp; 5199427 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 07/01/2039 | 2000 | &nbsp;&nbsp; 2043851 |
| Adelanto School District (Community Facilities District No. 4); Series 2023, RB | 5.75% | 09/01/2053 | 1400 | &nbsp;&nbsp; 1456660 |
| Alameda (City of), CA Corridor Transportation Authority; Series 2022 C, RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 10/01/2052 | 7000 | &nbsp;&nbsp; 7144780 |
| Alvord Unified School District; Series 2023 A, GO Bonds (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 08/01/2052 | 10000 | &nbsp;&nbsp; 10289202 |
| Atwater (City of), CA; Series 2017 A, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 05/01/2040 | 1250 | &nbsp;&nbsp; 1268478 |
| Bakersfield (City of), CA (Assessment District No. 07-2); Series 2008, RB | 7.38% | 09/02/2028 | 555 | &nbsp;&nbsp; 558695 |
| Bay Area Toll Authority; Series 2024 H, VRD RB<sup>(c)</sup> <br>| 0.85% | 04/01/2059 | 2000 | &nbsp;&nbsp; 2000000 |
| Bay Area Toll Authority (San Francisco Bay Area); Series 2017, Ref. RB | 4.00% | 04/01/2049 | 630 | &nbsp;&nbsp; 564963 |
| Beaumont (City of), CA (Community Facilities District No. 2016-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2030 | 125 | &nbsp;&nbsp; 129142 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2031 | 140 | &nbsp;&nbsp; 144597 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2049 | 775 | &nbsp;&nbsp; 774376 |
| Beaumont (City of), CA Financing Authority (Improvement Area No. 19A); Series 2015 B, Ref. RB | 5.00% | 09/01/2025 | 545 | &nbsp;&nbsp; 546954 |
| &nbsp;&nbsp;&nbsp; Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. <br> 2); Series 2023, RB<br>| 5.00% | 09/01/2053 | 875 | &nbsp;&nbsp; 865740 |
| &nbsp;&nbsp;&nbsp; Beaumont Unified School District Community Facilities District No. 2022-1 (Improvement Area No. <br> 2);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2050 | 305 | &nbsp;&nbsp; 303681 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2055 | 900 | &nbsp;&nbsp; 887030 |
| Beverly Hills Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2026 | 1465 | &nbsp;&nbsp; 1415299 |
| &nbsp;&nbsp;&nbsp; Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2032 | 3045 | &nbsp;&nbsp; 2410035 |
| Blythe (City of), CA Community Facilities District No. 2004-1; Series 2005, RB | 5.30% | 09/01/2035 | 500 | &nbsp;&nbsp; 501535 |
| Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011 A, RB | 9.75% | 05/01/2038 | 1775 | &nbsp;&nbsp; 1782082 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 05/01/2038 | 1000 | &nbsp;&nbsp; 1002114 |
| Burbank-Glendale-Pasadena Airport Authority; Series 2024 B, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2054 | 12300 | &nbsp;&nbsp; 12448149 |
| Calexico (City of), CA Community Facilities District No. 2005-1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(f)</sup> <br>| 5.50% | 09/01/2036 | 2500 | &nbsp;&nbsp; 875000 |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(f)</sup> <br>| 5.55% | 09/01/2036 | 2325 | &nbsp;&nbsp; 813750 |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 CU, GO Bonds | 4.85% | 12/01/2046 | 1700 | &nbsp;&nbsp; 1726179 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds<sup>(g)</sup> <br>| 5.00% | 11/01/2042 | 11370 | &nbsp;&nbsp; 12075994 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds<sup>(g)</sup> <br>| 5.00% | 09/01/2052 | 10000 | &nbsp;&nbsp; 10331426 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 5.00% | 09/01/2052 | 5000 | &nbsp;&nbsp; 5165713 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds<sup>(g)</sup> <br>| 5.25% | 09/01/2053 | 15000 | &nbsp;&nbsp; 15819450 |
| California (State of) Community Choice Financing Authority (Clean Energy); Series 2024, RB<sup>(h)</sup> <br>| 5.00% | 04/01/2032 | 5000 | &nbsp;&nbsp; 5249604 |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(h)</sup> <br>| 5.00% | 08/01/2029 | 3600 | &nbsp;&nbsp; 3743584 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(h)</sup> <br>| 5.00% | 08/01/2032 | 10000 | &nbsp;&nbsp; 10288256 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(h)</sup> <br>| 5.00% | 12/01/2032 | 27500 | &nbsp;&nbsp; 28290254 |
| California (State of) Community Choice Financing Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 C, RB<sup>(h)</sup> <br>| 5.25% | 10/01/2031 | 10000 | &nbsp;&nbsp; 10357199 |
| &nbsp;&nbsp;&nbsp; Series 2023 D, RB<sup>(h)</sup> <br>| 5.50% | 11/01/2028 | 8000 | &nbsp;&nbsp; 8395978 |
| &nbsp;&nbsp;&nbsp; California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - <br> Orange Coast College);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.25% | 05/01/2048 | 665 | &nbsp;&nbsp; 675527 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.25% | 05/01/2053 | 2500 | &nbsp;&nbsp; 2530119 |
| California (State of) Community Housing Agency (Stonridge Apartments); Series 2021 A, RB<sup>(i)</sup> <br>| 4.00% | 02/01/2056 | 3000 | &nbsp;&nbsp; 2091670 |
| California (State of) Community Housing Agency (Verdant at Green Valley); Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 08/01/2049 | 5360 | &nbsp;&nbsp; 4768155 |

---

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

**Invesco California 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)** |
| California (State of) County Tobacco Securitization Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 D, RB<sup>(d)(i)</sup> <br>| 0.00% | 06/01/2057 | $45600 | &nbsp;&nbsp; $3463740 |
| &nbsp;&nbsp;&nbsp; Series 2007 E, RB<sup>(d)(i)</sup> <br>| 0.00% | 06/01/2057 | 51500 | &nbsp;&nbsp; 3355287 |
| &nbsp;&nbsp;&nbsp; Series 2007 F, RB<sup>(d)(i)</sup> <br>| 0.00% | 06/01/2057 | 55250 | &nbsp;&nbsp; 3477059 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2037 | 550 | &nbsp;&nbsp; 524719 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2039 | 1200 | &nbsp;&nbsp; 1127475 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 06/01/2042 | 15990 | &nbsp;&nbsp; 16111001 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 | 332360 | &nbsp;&nbsp; 31875817 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 06/01/2035 | 1360 | &nbsp;&nbsp; 1362080 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.13% | 06/01/2038 | 9700 | &nbsp;&nbsp; 9711627 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2046 | 62110 | &nbsp;&nbsp; 16278224 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 | 71700 | &nbsp;&nbsp; 7853552 |
| &nbsp;&nbsp;&nbsp; Series 2006 D, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 | 309500 | &nbsp;&nbsp; 26912356 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2049 | 710 | &nbsp;&nbsp; 614089 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 | 22000 | &nbsp;&nbsp; 4004004 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding <br> Corp.); Series 2020, Ref. RB<br>| 5.00% | 06/01/2050 | 3210 | &nbsp;&nbsp; 3005502 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); <br> Series 2020, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2055 | 6050 | &nbsp;&nbsp; 1219901 |
| &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 | 520 | &nbsp;&nbsp; 520588 |
| California (State of) Educational Facilities Authority (Loma Linda University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 04/01/2042 | 1715 | &nbsp;&nbsp; 1708602 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 04/01/2047 | 1000 | &nbsp;&nbsp; 973194 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (Saint Mary's College of California); <br> Series 2023, Ref. RB<br>| 5.50% | 10/01/2053 | 8005 | &nbsp;&nbsp; 8110861 |
| California (State of) Educational Facilities Authority (University of Redlands); Series 2022 A, RB | 5.00% | 10/01/2052 | 2300 | &nbsp;&nbsp; 2198040 |
| &nbsp;&nbsp;&nbsp; California (State of) Enterprise Development Authority (Heights Christian Schools); Series 2023 A, <br> RB<sup>(i)</sup> <br>| 6.25% | 06/01/2053 | 2520 | &nbsp;&nbsp; 2371321 |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2054 | 2500 | &nbsp;&nbsp; 2295444 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2064 | 7500 | &nbsp;&nbsp; 6710236 |
| California (State of) Enterprise Development Authority (Rocklin Academy (The)); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2054 | 1400 | &nbsp;&nbsp; 1294895 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2064 | 1350 | &nbsp;&nbsp; 1217551 |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 11/15/2033 | 1000 | &nbsp;&nbsp; 1004752 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 08/15/2048 | 20690 | &nbsp;&nbsp; 18563980 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles); <br> Series 2017 A, Ref. RB<br>| 5.00% | 08/15/2047 | 1715 | &nbsp;&nbsp; 1648958 |
| California (State of) Health Facilities Financing Authority (Commonspirit Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(h)(j)</sup> <br>| 4.00% | 04/01/2030 | 210 | &nbsp;&nbsp; 220964 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 04/01/2049 | 5925 | &nbsp;&nbsp; 5052512 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 12/01/2054 | 4195 | &nbsp;&nbsp; 4206215 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Community Program for Persons with <br> Developmental Disabilities); Series 2011 A, RB (INS - Cal-Mortgage)<sup>(b)</sup> <br>| 6.25% | 02/01/2026 | 570 | &nbsp;&nbsp; 571517 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (EL Camino Health); Series 2025 A, Ref. <br> RB<br>| 5.25% | 02/01/2048 | 1500 | &nbsp;&nbsp; 1566699 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (El Camino Hospital); Series 2015 A, Ref. <br> RB<br>| 5.00% | 02/01/2040 | 2130 | &nbsp;&nbsp; 2130331 |
| California (State of) Health Facilities Financing Authority (Episcopal Communities & Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 11/15/2048 | 1000 | &nbsp;&nbsp; 1002603 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 11/15/2058 | 3750 | &nbsp;&nbsp; 3689826 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Kaiser Permanente); Subseries 2017 <br> A-2, RB<br>| 5.00% | 11/01/2047 | 10000 | &nbsp;&nbsp; 10662243 |

---

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

**Invesco California 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) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital <br> at Stanford); Series 2017, RB<br>| 4.00% | 11/15/2047 | $560 | &nbsp;&nbsp; $481026 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Lucile Salter Packard); Series 2022, Ref. <br> RB<br>| 4.00% | 05/15/2046 | 5925 | &nbsp;&nbsp; 5303950 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social <br> Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.00% | 08/01/2040 | 700 | &nbsp;&nbsp; 709607 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 5.00% | 08/01/2055 | 1130 | &nbsp;&nbsp; 1076970 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Providence Health & Services); <br> Series 2014 B, RB<br>| 5.00% | 10/01/2044 | 7625 | &nbsp;&nbsp; 7624647 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Stanford Health Care); Series 2020 A, <br> Ref. RB<br>| 4.00% | 08/15/2050 | 15000 | &nbsp;&nbsp; 13264935 |
| California (State of) Health Facilities Financing Authority (Sutter Health); Series 2016 B, Ref. RB | 5.00% | 11/15/2046 | 21350 | &nbsp;&nbsp; 21287731 |
| California (State of) Housing Finance Agency; Series 2019 A, RB | 4.25% | 01/15/2035 | 1540 | &nbsp;&nbsp; 1547499 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(e)(h)(i)</sup> <br>| 9.50% | 01/01/2035 | 7000 | &nbsp;&nbsp; 6784902 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street); <br> Series 2017, RB<br>| 5.00% | 05/15/2052 | 2815 | &nbsp;&nbsp; 2837293 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program); <br> Series 2021 A-1, RB<sup>(i)</sup> <br>| 5.00% | 01/01/2056 | 2450 | &nbsp;&nbsp; 2135126 |
| California (State of) Municipal Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 D, RB | 5.00% | 09/01/2049 | 1000 | &nbsp;&nbsp; 990874 |
| &nbsp;&nbsp;&nbsp; Series 2024 D, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 963898 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (American Heritage Education Foundation); <br> Series 2016 A, Ref. RB<br>| 5.00% | 06/01/2046 | 3015 | &nbsp;&nbsp; 2904939 |
| California (State of) Municipal Finance Authority (Ascent 613); Series 2025 A, RB<sup>(i)</sup> <br>| 5.38% | 01/01/2055 | 5000 | &nbsp;&nbsp; 4661706 |
| California (State of) Municipal Finance Authority (Bella Mente Montessori Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2038 | 280 | &nbsp;&nbsp; 276234 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2048 | 3225 | &nbsp;&nbsp; 3015527 |
| California (State of) Municipal Finance Authority (Bold Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/01/2043 | 755 | &nbsp;&nbsp; 660868 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/01/2050 | 1095 | &nbsp;&nbsp; 908703 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2041 | 655 | &nbsp;&nbsp; 587297 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2046 | 1095 | &nbsp;&nbsp; 911055 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 4.00% | 09/01/2041 | 915 | &nbsp;&nbsp; 823270 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 4.00% | 09/01/2046 | 830 | &nbsp;&nbsp; 715239 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB | 4.00% | 09/01/2051 | 775 | &nbsp;&nbsp; 636263 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 6.00% | 09/01/2052 | 2160 | &nbsp;&nbsp; 2253937 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 6.30% | 09/01/2052 | 870 | &nbsp;&nbsp; 923387 |
| &nbsp;&nbsp;&nbsp; Series 2022 C, RB | 6.25% | 09/01/2052 | 1885 | &nbsp;&nbsp; 1995056 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB | 5.75% | 09/01/2053 | 1350 | &nbsp;&nbsp; 1401879 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (California Baptist University); Series 2016 A, <br> RB<sup>(i)</sup> <br>| 5.00% | 11/01/2046 | 1000 | &nbsp;&nbsp; 928554 |
| California (State of) Municipal Finance Authority (Caritas); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 4.00% | 08/15/2037 | 1055 | &nbsp;&nbsp; 1018101 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 4.00% | 08/15/2041 | 295 | &nbsp;&nbsp; 262742 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 4.00% | 08/15/2051 | 435 | &nbsp;&nbsp; 351372 |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 08/15/2058 | 1100 | &nbsp;&nbsp; 1118919 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 08/15/2049 | 1000 | &nbsp;&nbsp; 1003204 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 08/15/2059 | 1600 | &nbsp;&nbsp; 1575790 |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 05/15/2035 | 5000 | &nbsp;&nbsp; 5130351 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 05/15/2043 | 5900 | &nbsp;&nbsp; 5901040 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I <br> Student Housing); Series 2019, RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 05/15/2049 | 2660 | &nbsp;&nbsp; 2693236 |
| California (State of) Municipal Finance Authority (City of Chula Vista-Sunbow); Series 2024 A, RB | 5.00% | 09/01/2054 | 1700 | &nbsp;&nbsp; 1646036 |
| California (State of) Municipal Finance Authority (City of Elk Grove-Madeira Ranch); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 785 | &nbsp;&nbsp; 784367 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 750 | &nbsp;&nbsp; 727287 |

---

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

**Invesco California 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) Municipal Finance Authority (Cityview Apartments) (Green Bonds); <br> Series 2021, RB<sup>(i)</sup> <br>| 4.00% | 11/01/2036 | $1625 | &nbsp;&nbsp; $1491939 |
| California (State of) Municipal Finance Authority (Community Medical Centers); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2037 | 1000 | &nbsp;&nbsp; 1001428 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2047 | 2005 | &nbsp;&nbsp; 1979356 |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2039 | 3345 | &nbsp;&nbsp; 3457096 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2044 | 1995 | &nbsp;&nbsp; 1986273 |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(i)</sup> <br>| 6.63% | 01/01/2032 | 625 | &nbsp;&nbsp; 607490 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(i)</sup> <br>| 6.88% | 01/01/2042 | 2080 | &nbsp;&nbsp; 1939442 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds); <br> Series 2023 A, RB (CEP - FNMA)<br>| 5.28% | 09/01/2046 | 2950 | &nbsp;&nbsp; 3056535 |
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 10/01/2046 | 1080 | &nbsp;&nbsp; 921546 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 10/01/2049 | 8000 | &nbsp;&nbsp; 6726454 |
| California (State of) Municipal Finance Authority (Linxs APM); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 12/31/2043 | 10005 | &nbsp;&nbsp; 9752260 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.00% | 12/31/2047 | 18610 | &nbsp;&nbsp; 17793216 |
| California (State of) Municipal Finance Authority (Mt. San Antonio Gardens); Series 2019, Ref. RB | 5.00% | 11/15/2049 | 2825 | &nbsp;&nbsp; 2556596 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Open Door Community Health Centers); <br> Series 2021, RB (INS - Cal-Mortgage)<sup>(b)</sup> <br>| 4.00% | 09/15/2051 | 3385 | &nbsp;&nbsp; 3040588 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)); <br> Series 2018 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2049 | 600 | &nbsp;&nbsp; 538289 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palomar Health); Series 2022 A, Ref. COP (INS - <br> AGI)<sup>(b)</sup> <br>| 5.25% | 11/01/2052 | 5400 | &nbsp;&nbsp; 5449675 |
| California (State of) Municipal Finance Authority (PRS California Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 04/01/2049 | 1300 | &nbsp;&nbsp; 1283637 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 04/01/2054 | 1540 | &nbsp;&nbsp; 1496335 |
| California (State of) Municipal Finance Authority (Samuel Merritt University); Series 2022, RB | 5.25% | 06/01/2053 | 11500 | &nbsp;&nbsp; 11880829 |
| California (State of) Municipal Finance Authority (Santa Rosa Academy); Series 2022, Ref. RB | 5.00% | 07/01/2052 | 3250 | &nbsp;&nbsp; 3001049 |
| California (State of) Municipal Finance Authority (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 11/01/2029 | 840 | &nbsp;&nbsp; 851688 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 11/01/2039 | 1475 | &nbsp;&nbsp; 1372195 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 11/01/2049 | 2700 | &nbsp;&nbsp; 2342093 |
| California (State of) Municipal Finance Authority (South Central Los Angeles); Series 2024, Ref. RB | 4.00% | 12/01/2043 | 1000 | &nbsp;&nbsp; 900687 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (St. Ignatius College Preparatory); Series 2024 A, <br> RB<br>| 5.00% | 09/01/2049 | 1500 | &nbsp;&nbsp; 1529355 |
| California (State of) Municipal Finance Authority (Turning Point Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(i)</sup> <br>| 5.25% | 06/01/2044 | 1075 | &nbsp;&nbsp; 1003904 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(i)</sup> <br>| 5.50% | 06/01/2054 | 1300 | &nbsp;&nbsp; 1192515 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing); <br> Series 2019, RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 05/15/2052 | 5875 | &nbsp;&nbsp; 5931146 |
| California (State of) Municipal Finance Authority (United Airlines, Inc.); Series 2019, RB<sup>(e)</sup> <br>| 4.00% | 07/15/2029 | 20000 | &nbsp;&nbsp; 19480330 |
| California (State of) Municipal Finance Authority (University of La Verne); Series 2017 A, Ref. RB | 5.00% | 06/01/2043 | 600 | &nbsp;&nbsp; 589277 |
| California (State of) Municipal Finance Authority (Westside Neighborhood School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 6.20% | 06/15/2054 | 1800 | &nbsp;&nbsp; 1871122 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 6.38% | 06/15/2064 | 1000 | &nbsp;&nbsp; 1044093 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (William Jessup University); Series 2019, Ref. <br> RB<sup>(i)</sup> <br>| 5.00% | 08/01/2039 | 1400 | &nbsp;&nbsp; 1163720 |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 05/25/2017; Cost $1,387,423)<sup>(e)(i)(k)(l)</sup> <br>| 7.50% | 07/01/2032 | 1425 | &nbsp;&nbsp; 14 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 05/25/2017; Cost $1,890,139)<sup>(e)(i)(k)(l)</sup> <br>| 8.00% | 07/01/2039 | 1900 | &nbsp;&nbsp; 19 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB (Acquired 10/06/2020; Cost $401,185)<sup>(e)(i)(k)(l)</sup> <br>| 7.50% | 07/01/2032 | 420 | &nbsp;&nbsp; 4 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)(i)</sup> <br>| 5.00% | 07/01/2037 | 3000 | &nbsp;&nbsp; 2999786 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)(i)</sup> <br>| 5.00% | 11/21/2045 | 1000 | &nbsp;&nbsp; 947110 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.); Series 2023, <br> RB<sup>(e)(i)</sup> <br>| 5.00% | 11/21/2045 | 1000 | &nbsp;&nbsp; 989737 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (San Diego County Water Authority); <br> Series 2019, Ref. RB<sup>(i)</sup> <br>| 5.00% | 11/21/2045 | 2500 | &nbsp;&nbsp; 2474343 |

---

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

**Invesco California 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)** |
| California (State of) Public Finance Authority (California Crosspoint Academy); Series 2020 A, RB<sup>(i)</sup> <br>| 5.13% | 07/01/2055 | $5000 | &nbsp;&nbsp; $3968284 |
| California (State of) Public Finance Authority (Crossroads Christian Schools); Series 2020, RB<sup>(i)</sup> <br>| 5.00% | 01/01/2056 | 1000 | &nbsp;&nbsp; 830004 |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(i)</sup> <br>| 5.00% | 11/15/2036 | 1000 | &nbsp;&nbsp; 1002030 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(i)</sup> <br>| 5.00% | 11/15/2046 | 4000 | &nbsp;&nbsp; 3629670 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(i)</sup> <br>| 5.00% | 11/15/2051 | 3590 | &nbsp;&nbsp; 3133178 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(i)</sup> <br>| 5.00% | 11/15/2056 | 2685 | &nbsp;&nbsp; 2305976 |
| California (State of) Public Finance Authority (Excelsior Charter Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 5.00% | 06/15/2050 | 1540 | &nbsp;&nbsp; 1383645 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 5.00% | 06/15/2055 | 1030 | &nbsp;&nbsp; 906351 |
| California (State of) Public Finance Authority (Hazelden Betty Ford Foundation); Series 2025, RB | 5.00% | 11/01/2054 | 4000 | &nbsp;&nbsp; 3959152 |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 10/15/2037 | 1000 | &nbsp;&nbsp; 1005357 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 10/15/2047 | 1000 | &nbsp;&nbsp; 945080 |
| California (State of) Public Finance Authority (Kendal at Ventura); Series 2023 A-C, RB<sup>(i)</sup> <br>| 10.00% | 05/15/2028 | 2900 | &nbsp;&nbsp; 3603953 |
| &nbsp;&nbsp;&nbsp; California (State of) Public Finance Authority (LaVerne Elementary Preparatory Academy); <br> Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 06/15/2049 | 1400 | &nbsp;&nbsp; 1238162 |
| California (State of) Public Finance Authority (Trinity Classical Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2036 | 400 | &nbsp;&nbsp; 382749 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2044 | 630 | &nbsp;&nbsp; 548298 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2054 | 1600 | &nbsp;&nbsp; 1314423 |
| California (State of) Public Works Board (Various Capital); Series 2021 B, RB | 4.00% | 05/01/2046 | 16640 | &nbsp;&nbsp; 15194901 |
| California (State of) School Finance Authority; Series 2024 A, RB<sup>(i)</sup> <br>| 5.75% | 06/01/2053 | 2000 | &nbsp;&nbsp; 1903904 |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2045 | 1265 | &nbsp;&nbsp; 1257867 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(i)</sup> <br>| 5.00% | 07/01/2059 | 2700 | &nbsp;&nbsp; 2591888 |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(i)</sup> <br>| 6.13% | 07/01/2052 | 3745 | &nbsp;&nbsp; 3684164 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(i)</sup> <br>| 6.25% | 07/01/2062 | 4655 | &nbsp;&nbsp; 4560400 |
| California (State of) School Finance Authority (Aspire Public School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 08/01/2045 | 1000 | &nbsp;&nbsp; 928572 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(i)</sup> <br>| 5.00% | 08/01/2041 | 2425 | &nbsp;&nbsp; 2318184 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(i)</sup> <br>| 5.00% | 08/01/2046 | 685 | &nbsp;&nbsp; 638377 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Aspire Public Schools Obligated Group); <br> Series 2020 A, RB<sup>(i)</sup> <br>| 5.00% | 08/01/2059 | 3120 | &nbsp;&nbsp; 2830261 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Camino Nuevo Charter Academy Obligated Group) <br> (Green Bonds); Series 2023, Ref. RB<sup>(i)</sup> <br>| 5.25% | 06/01/2053 | 1550 | &nbsp;&nbsp; 1475782 |
| California (State of) School Finance Authority (Escuela Popular); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(h)(i)(j)</sup> <br>| 6.25% | 07/01/2027 | 875 | &nbsp;&nbsp; 930805 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(i)</sup> <br>| 6.25% | 07/01/2037 | 375 | &nbsp;&nbsp; 380258 |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2043 | 2000 | &nbsp;&nbsp; 1961769 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2064 | 1440 | &nbsp;&nbsp; 1381934 |
| California (State of) School Finance Authority (Green Dot Public Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(i)</sup> <br>| 5.00% | 08/01/2045 | 2305 | &nbsp;&nbsp; 2224048 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(i)</sup> <br>| 5.00% | 08/01/2038 | 1000 | &nbsp;&nbsp; 1007210 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Grimmway Schools Obligated Group); Series 2016 <br> A, RB<sup>(i)</sup> <br>| 4.25% | 07/01/2028 | 500 | &nbsp;&nbsp; 500033 |
| California (State of) School Finance Authority (Harbor Springs Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 5.50% | 07/01/2054 | 2250 | &nbsp;&nbsp; 2262217 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(i)</sup> <br>| 5.63% | 07/01/2063 | 1000 | &nbsp;&nbsp; 1004111 |
| California (State of) School Finance Authority (Hawking Steam Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(i)</sup> <br>| 5.38% | 07/01/2056 | 995 | &nbsp;&nbsp; 963093 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(i)</sup> <br>| 5.50% | 07/01/2062 | 1000 | &nbsp;&nbsp; 977764 |
| California (State of) School Finance Authority (KIPP LA); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2045 | 500 | &nbsp;&nbsp; 481896 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2037 | 590 | &nbsp;&nbsp; 594452 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2047 | 3240 | &nbsp;&nbsp; 3099457 |
| California (State of) School Finance Authority (KIPP SoCal Public Schools); Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2049 | 1700 | &nbsp;&nbsp; 1620955 |

---

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

**Invesco California 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) School Finance Authority (Magnolia Public Schools Obligated Groups); <br> Series 2025, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2055 | $2000 | &nbsp;&nbsp; $1880626 |
| California (State of) School Finance Authority (New Designs Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2050 | 1060 | &nbsp;&nbsp; 989825 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(i)</sup> <br>| 5.00% | 06/01/2054 | 1300 | &nbsp;&nbsp; 1190149 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(i)</sup> <br>| 5.00% | 06/01/2064 | 1600 | &nbsp;&nbsp; 1424685 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Orange County Educational Arts Academy); <br> Series 2023, Ref. RB (CEP - Colorado Higher Education Intercept Program)<sup>(i)</sup> <br>| 5.88% | 06/01/2053 | 700 | &nbsp;&nbsp; 691906 |
| California (State of) School Finance Authority (Partnership to Uplift Communities) (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(i)</sup> <br>| 5.50% | 08/01/2043 | 550 | &nbsp;&nbsp; 559911 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. RB<sup>(i)</sup> <br>| 5.50% | 08/01/2047 | 525 | &nbsp;&nbsp; 530438 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Scholarship Prep Public Schools – Obligated Group); <br> Series 2023 A, RB<sup>(i)</sup> <br>| 6.00% | 06/01/2063 | 2035 | &nbsp;&nbsp; 1957629 |
| California (State of) School Finance Authority (Sonoma County Junior College); Series 2021, RB<sup>(i)</sup> <br>| 4.00% | 11/01/2051 | 2700 | &nbsp;&nbsp; 2110555 |
| California (State of) School Finance Authority (Stem Preparatory Schools - Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(i)</sup> <br>| 5.13% | 06/01/2053 | 500 | &nbsp;&nbsp; 476774 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB<sup>(i)</sup> <br>| 5.38% | 05/01/2063 | 1000 | &nbsp;&nbsp; 968778 |
| California (State of) School Finance Authority (Value Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(i)</sup> <br>| 5.25% | 07/01/2031 | 625 | &nbsp;&nbsp; 632162 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB (CEP - Colorado Higher Education Intercept Program)<sup>(i)</sup> <br>| 5.25% | 07/01/2048 | 700 | &nbsp;&nbsp; 694315 |
| California (State of) School Finance Authority (Vibrant Minds Charter School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 6.75% | 04/15/2045 | 1650 | &nbsp;&nbsp; 1651233 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(i)</sup> <br>| 7.00% | 04/15/2055 | 3000 | &nbsp;&nbsp; 3007689 |
| California (State of) Statewide Communities Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/02/2037 | 1135 | &nbsp;&nbsp; 1153259 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/02/2046 | 1265 | &nbsp;&nbsp; 1268103 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/02/2050 | 445 | &nbsp;&nbsp; 358426 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/02/2051 | 1990 | &nbsp;&nbsp; 1626415 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 900 | &nbsp;&nbsp; 871431 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 3.54% | 02/20/2041 | 7000 | &nbsp;&nbsp; 6239510 |
| California (State of) Statewide Communities Development Authority (Adventist Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 03/01/2033 | 775 | &nbsp;&nbsp; 778948 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 03/01/2042 | 1185 | &nbsp;&nbsp; 1178245 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 03/01/2048 | 1860 | &nbsp;&nbsp; 1803936 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Buck Institute for Research on <br> Aging); Series 2021, Ref. RB<br>| 4.00% | 04/01/2046 | 4230 | &nbsp;&nbsp; 3617556 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (California Baptist University); <br> Series 2017 A, Ref. RB<sup>(i)</sup> <br>| 5.00% | 11/01/2041 | 875 | &nbsp;&nbsp; 837346 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District <br> No. 2007-01); Series 2015, Ref. RB<br>| 5.00% | 09/01/2037 | 1500 | &nbsp;&nbsp; 1502448 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District <br> No. 2015-1); Series 2020, RB<br>| 4.00% | 09/01/2050 | 3500 | &nbsp;&nbsp; 2871138 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District <br> No. 2016-02); Series 2020, RB<br>| 4.00% | 09/01/2050 | 2465 | &nbsp;&nbsp; 2030597 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District <br> No. 2018-02); Series 2020, RB<sup>(i)</sup> <br>| 7.25% | 09/01/2050 | 4255 | &nbsp;&nbsp; 4311558 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Community Facilities District <br> No. 2020-02); Series 2022, RB<br>| 5.25% | 09/01/2052 | 1650 | &nbsp;&nbsp; 1666827 |
| California (State of) Statewide Communities Development Authority (Delta Coves); Series 2022, RB | 5.50% | 09/01/2052 | 3065 | &nbsp;&nbsp; 3136628 |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (INS - AGI)<sup>(b)</sup> <br>| 5.25% | 08/15/2052 | 3000 | &nbsp;&nbsp; 3044905 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB (INS - AGI)<sup>(b)</sup> <br>| 5.38% | 08/15/2057 | 2320 | &nbsp;&nbsp; 2350418 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Front Porch Communities & <br> Services);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 04/01/2047 | 3390 | &nbsp;&nbsp; 3312093 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 04/01/2051 | 1600 | &nbsp;&nbsp; 1313782 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral <br> City Apartments); Series 2002 NN-1, RB (INS - AMBAC)<sup>(b)(e)</sup> <br>| 5.20% | 06/01/2036 | 2030 | &nbsp;&nbsp; 2031051 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Improvement Area No. 1); <br> Series 2021, RB<br>| 4.00% | 09/01/2041 | 690 | &nbsp;&nbsp; 624427 |

---

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

**Invesco California 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)** |
| California (State of) Statewide Communities Development Authority (Improvement Area No. 3); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | $375 | &nbsp;&nbsp; $374698 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 550 | &nbsp;&nbsp; 545600 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Jewish Home of San <br> Francisco); Series 2016, RB (INS - Cal-Mortgage)<sup>(b)</sup> <br>| 4.00% | 11/01/2046 | 7825 | &nbsp;&nbsp; 7121445 |
| California (State of) Statewide Communities Development Authority (John Muir Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 12/01/2057 | 4635 | &nbsp;&nbsp; 4573824 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.00% | 12/01/2049 | 6540 | &nbsp;&nbsp; 6590357 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 12/01/2054 | 2360 | &nbsp;&nbsp; 2418022 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Lancer Educational Student <br> Housing);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(i)</sup> <br>| 5.00% | 06/01/2046 | 1000 | &nbsp;&nbsp; 931112 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2034 | 375 | &nbsp;&nbsp; 380962 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2039 | 100 | &nbsp;&nbsp; 98492 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.00% | 06/01/2051 | 295 | &nbsp;&nbsp; 269189 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center); Series 2016 A, RB<sup>(i)</sup> <br>| 5.25% | 12/01/2056 | 7330 | &nbsp;&nbsp; 7117528 |
| California (State of) Statewide Communities Development Authority (McSweeny); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2048 | 1350 | &nbsp;&nbsp; 1333242 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/01/2053 | 2225 | &nbsp;&nbsp; 2241045 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Methodist Hospital of <br> Southern California); Series 2018, RB<br>| 5.00% | 01/01/2048 | 3000 | &nbsp;&nbsp; 3018555 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-<br> California College of the Arts);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.25% | 07/01/2039 | 1640 | &nbsp;&nbsp; 1637853 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 5.25% | 07/01/2049 | 3375 | &nbsp;&nbsp; 3225118 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Odd Fellows Home of <br> California); Series 2023, Ref. RB (INS - Cal-Mortgage)<sup>(b)</sup> <br>| 4.13% | 04/01/2053 | 1000 | &nbsp;&nbsp; 919908 |
| California (State of) Statewide Communities Development Authority (Sand Creek); Series 2021, RB | 4.00% | 09/01/2041 | 550 | &nbsp;&nbsp; 497156 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Statewide Community <br> Infrastructure Program);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1, RB | 4.00% | 09/02/2041 | 2185 | &nbsp;&nbsp; 1886232 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.38% | 09/02/2052 | 995 | &nbsp;&nbsp; 1003606 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/02/2043 | 1125 | &nbsp;&nbsp; 1123131 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/01/2051 | 2400 | &nbsp;&nbsp; 2424464 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 09/02/2053 | 1875 | &nbsp;&nbsp; 1876011 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/02/2049 | 1100 | &nbsp;&nbsp; 1102480 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/02/2054 | 1100 | &nbsp;&nbsp; 1094531 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (University of California - Irvine <br> East Campus Apartments - CHF-Irvine, LLC); Series 2016, Ref. RB<br>| 5.00% | 05/15/2040 | 1200 | &nbsp;&nbsp; 1200562 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Yucaipa Valley Water <br> Reservoir); Series 2014, RB<br>| 6.00% | 09/02/2044 | 2570 | &nbsp;&nbsp; 2570311 |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB | 6.00% | 05/01/2037 | 4350 | &nbsp;&nbsp; 4441116 |
| &nbsp;&nbsp;&nbsp; Series 2002 B, RB | 6.00% | 05/01/2037 | 520 | &nbsp;&nbsp; 530892 |
| &nbsp;&nbsp;&nbsp; Series 2002 B, RB | 6.00% | 05/01/2043 | 3130 | &nbsp;&nbsp; 3136983 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 05/01/2043 | 2125 | &nbsp;&nbsp; 2169458 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2046 | 8000 | &nbsp;&nbsp; 1984806 |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(h)</sup> <br>| 5.00% | 10/01/2032 | 5000 | &nbsp;&nbsp; 5210308 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(h)</sup> <br>| 5.00% | 05/01/2035 | 7500 | &nbsp;&nbsp; 7656450 |
| California Enterprise Development Authority; Series 2025, RB<sup>(g)</sup> <br>| 5.50% | 11/01/2059 | 22500 | &nbsp;&nbsp; 24311770 |
| Cambrian School District; Series 2022, GO Bonds | 5.00% | 08/01/2048 | 7505 | &nbsp;&nbsp; 7741633 |
| Carson (City of), CA Public Financing Authority; Series 2019, RB | 5.00% | 09/02/2030 | 545 | &nbsp;&nbsp; 580687 |
| Chino (City of), CA Community Facilities District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2040 | 170 | &nbsp;&nbsp; 158437 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 675 | &nbsp;&nbsp; 663289 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 740 | &nbsp;&nbsp; 718672 |

---

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

**Invesco California 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)** |
| Chino (City of), CA Public Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 09/01/2034 | $1100 | &nbsp;&nbsp; $1103524 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 09/01/2035 | 865 | &nbsp;&nbsp; 867580 |
| Chino Valley Unified School District; Series 2020 B, GO Bonds | 5.00% | 08/01/2055 | 10995 | &nbsp;&nbsp; 11212956 |
| Chino Valley Unified School District (Election of 2016); Series 2024 D, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2047 | 12750 | &nbsp;&nbsp; 4282243 |
| &nbsp;&nbsp;&nbsp; Chula Vista (City of), CA Community Facilities District No. 16-1 (Improvement Area No. 2); <br> Series 2021, RB<br>| 4.00% | 09/01/2051 | 1775 | &nbsp;&nbsp; 1483806 |
| Clovis (City of), CA Public Financing Authority; Series 2008 A, RB (INS - NATL)<sup>(b)</sup> <br>| 4.63% | 08/01/2029 | 30 | &nbsp;&nbsp; 30037 |
| Clovis Unified School District (Election of 2004); Series 2004 A, GO Bonds (INS - NATL)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2029 | 735 | &nbsp;&nbsp; 642526 |
| Coachella (City of), CA (Community Facilities District No. 2018-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2030 | 440 | &nbsp;&nbsp; 454434 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2038 | 1090 | &nbsp;&nbsp; 1106947 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2048 | 2015 | &nbsp;&nbsp; 2014538 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2053 | 1525 | &nbsp;&nbsp; 1488724 |
| &nbsp;&nbsp;&nbsp; Compton (City of), CA Public Finance Authority (Various Capital); Series 2008, Ref. RB (INS - <br> AMBAC)<sup>(b)</sup> <br>| 5.25% | 09/01/2027 | 635 | &nbsp;&nbsp; 635465 |
| Compton Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds (INS - BAM)<sup>(b)(d)</sup> <br>| 0.00% | 06/01/2035 | 1300 | &nbsp;&nbsp; 863796 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds (INS - BAM)<sup>(b)(d)</sup> <br>| 0.00% | 06/01/2041 | 6250 | &nbsp;&nbsp; 2909077 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds (INS - BAM)<sup>(b)(d)</sup> <br>| 0.00% | 06/01/2042 | 4335 | &nbsp;&nbsp; 1888412 |
| Corona Community Facilities District (Bedford Improvement Area No. 1); Series 2024, RB | 5.00% | 09/01/2054 | 1600 | &nbsp;&nbsp; 1592046 |
| CSCDA Community Improvement Authority (Renaissance at City Center); Series 2020 A, RB<sup>(i)</sup> <br>| 5.00% | 07/01/2051 | 3250 | &nbsp;&nbsp; 2944127 |
| Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, Ref. RB | 5.00% | 12/15/2037 | 50 | &nbsp;&nbsp; 50031 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, Ref. RB | 6.50% | 12/15/2047 | 835 | &nbsp;&nbsp; 834958 |
| Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2019-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2048 | 1675 | &nbsp;&nbsp; 1643018 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2053 | 2600 | &nbsp;&nbsp; 2534379 |
| Eastern Municipal Water District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2050 | 1000 | &nbsp;&nbsp; 981650 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2054 | 500 | &nbsp;&nbsp; 485589 |
| Eastern Municipal Water District (Community Facilities District No. 2016-75); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2030 | 75 | &nbsp;&nbsp; 74969 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2050 | 540 | &nbsp;&nbsp; 447467 |
| Eastern Municipal Water District (Community Facilities District No. 2017-77); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/01/2048 | 1100 | &nbsp;&nbsp; 1117485 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.25% | 09/01/2053 | 1385 | &nbsp;&nbsp; 1385766 |
| El Centro (City of), CA Financing Authority (Police Station); Series 2023 A, RB | 4.25% | 10/01/2047 | 2000 | &nbsp;&nbsp; 1900695 |
| El Dorado Irrigation District; Series 2020 A, COP | 4.00% | 03/01/2050 | 15330 | &nbsp;&nbsp; 13552013 |
| El Segundo Unified School District (Election of 2008); Series 2009 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2033 | 4430 | &nbsp;&nbsp; 3344072 |
| Elk Grove (City of), CA Finance Authority; Series 2024, RB | 5.00% | 09/01/2051 | 1700 | &nbsp;&nbsp; 1702885 |
| Elsinore Valley Municipal Water District; Series 2021 A, RB<sup>(i)</sup> <br>| 4.50% | 09/01/2051 | 2680 | &nbsp;&nbsp; 2372279 |
| &nbsp;&nbsp;&nbsp; Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons); Series 2008, <br> RB<br>| 6.88% | 09/01/2038 | 865 | &nbsp;&nbsp; 870663 |
| Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2042 | 3290 | &nbsp;&nbsp; 3339189 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 415 | &nbsp;&nbsp; 410641 |
| Fontana (City of), CA (The Gardens Phase One); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 3030 | &nbsp;&nbsp; 3023336 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 2825 | &nbsp;&nbsp; 2785408 |
| Fontana (City of), CA (The Meadows); Series 2020, RB | 4.00% | 09/01/2050 | 5 | &nbsp;&nbsp; 4230 |
| Foothill-Eastern Transportation Corridor Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB | 6.85% | 01/15/2042 | 1000 | &nbsp;&nbsp; 1137121 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 01/15/2035 | 2745 | &nbsp;&nbsp; 1929083 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 4.00% | 01/15/2046 | 15965 | &nbsp;&nbsp; 15271717 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, Ref. RB | 4.00% | 01/15/2043 | 1705 | &nbsp;&nbsp; 1617201 |
| Fremont Community Facilities District No. 1 (Pacific Commons); Series 2015, Ref. RB | 5.00% | 09/01/2035 | 815 | &nbsp;&nbsp; 815858 |
| Fresno (City of), CA; Series 2023 A, Ref. RB (INS - BAM)<sup>(b)(e)</sup> <br>| 5.00% | 07/01/2053 | 6570 | &nbsp;&nbsp; 6443020 |
| Garden Grove Public Financing Authority; Series 2024 A, RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 04/01/2049 | 6000 | &nbsp;&nbsp; 6152378 |
| Gilroy Public Facilities Financing Authority; Series 2021 A, RB | 3.00% | 08/01/2046 | 3720 | &nbsp;&nbsp; 2787451 |

---

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

**Invesco California 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)** |
| Gilroy Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(d)(j)</sup> <br>| 0.00% | 08/01/2029 | $615 | &nbsp;&nbsp; $539663 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2029 | 4735 | &nbsp;&nbsp; 4139264 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(d)(j)</sup> <br>| 0.00% | 08/01/2031 | 2235 | &nbsp;&nbsp; 1829143 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2031 | 1415 | &nbsp;&nbsp; 1152171 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2066 | 21000 | &nbsp;&nbsp; 2261736 |
| Grossmont Healthcare District; Series 2015 D, Ref. GO Bonds<sup>(h)(j)</sup> <br>| 4.00% | 07/15/2025 | 13000 | &nbsp;&nbsp; 13015544 |
| Hemet Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2050 | 1755 | &nbsp;&nbsp; 1757457 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 993513 |
| Hemet Unified School District (Community Facilities District No. 2022-02); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2046 | 625 | &nbsp;&nbsp; 630019 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 990492 |
| &nbsp;&nbsp;&nbsp; Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community <br> Development); Series 2014, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 10/01/2030 | 1600 | &nbsp;&nbsp; 1602457 |
| Hollister Joint Powers Financing Authority; Series 2016, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 06/01/2036 | 1270 | &nbsp;&nbsp; 1293047 |
| &nbsp;&nbsp;&nbsp; Imperial (County of), CA (Community Facilities District No. 2004-2 - Improvement Area No. 1); <br> Series 2007, RB<br>| 5.90% | 09/01/2037 | 1430 | &nbsp;&nbsp; 1435840 |
| &nbsp;&nbsp;&nbsp; Imperial (County of), CA Community college District (Election of 2022); Series 2023 A, GO Bonds <br> (INS - AGI)<sup>(b)</sup> <br>| 5.25% | 08/01/2053 | 1500 | &nbsp;&nbsp; 1566640 |
| Inglewood Unified School District; Series 2019 C, GO Bonds (INS - BAM)<sup>(b)</sup> <br>| 4.00% | 08/01/2039 | 690 | &nbsp;&nbsp; 671295 |
| &nbsp;&nbsp;&nbsp; Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. <br> 10); Series 2023, RB (INS - BAM)<sup>(b)</sup> <br>| 5.25% | 09/01/2053 | 5000 | &nbsp;&nbsp; 5210016 |
| &nbsp;&nbsp;&nbsp; Irvine Unified School District (Community Facilities District No. 09-1); Series 2019 A, RB (INS - <br> BAM)<sup>(b)</sup> <br>| 4.00% | 09/01/2044 | 3000 | &nbsp;&nbsp; 2757033 |
| La Canada Irrigation District; Series 2025, COP | 5.25% | 12/01/2055 | 2000 | &nbsp;&nbsp; 2052128 |
| Lake Elsinore (City of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2041 | 350 | &nbsp;&nbsp; 315641 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 | 450 | &nbsp;&nbsp; 387254 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 | 700 | &nbsp;&nbsp; 577283 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 982997 |
| Lake Elsinore (City of), CA (Nichols Ranch); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 | 575 | &nbsp;&nbsp; 577908 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 850 | &nbsp;&nbsp; 845769 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1150 | &nbsp;&nbsp; 1130447 |
| &nbsp;&nbsp;&nbsp; Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area <br> No. C); Series 2020, RB<br>| 4.00% | 09/01/2050 | 1680 | &nbsp;&nbsp; 1417071 |
| Lake Elsinore Unified School District Community Facilities District No. 2017-2; Series 2024, RB | 5.00% | 09/01/2054 | 850 | &nbsp;&nbsp; 830502 |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2050 | 1000 | &nbsp;&nbsp; 984433 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 | 430 | &nbsp;&nbsp; 353553 |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1 (Improvement Area II); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2040 | 760 | &nbsp;&nbsp; 696583 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 | 835 | &nbsp;&nbsp; 724135 |
| Lammersville Joint Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2039 | 250 | &nbsp;&nbsp; 234973 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 4.00% | 09/01/2052 | 3000 | &nbsp;&nbsp; 2494196 |
| Lathrop (City of), CA (Community Facilities District No. 03-2); Series 2003, RB | 7.00% | 09/01/2033 | 2520 | &nbsp;&nbsp; 2526034 |
| &nbsp;&nbsp;&nbsp; Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1); <br> Series 2021, Ref. RB<br>| 4.00% | 09/01/2043 | 320 | &nbsp;&nbsp; 285021 |
| Long Beach (City of), CA (Green Bonds); Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/15/2055 | 2850 | &nbsp;&nbsp; 2809245 |
| Long Beach (City of), CA Bond Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.50% | 11/15/2028 | 50 | &nbsp;&nbsp; 52644 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.50% | 11/15/2030 | 1010 | &nbsp;&nbsp; 1084152 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.50% | 11/15/2037 | 1000 | &nbsp;&nbsp; 1098461 |
| Los Alamitos Unified School District; Series 2013, GO Bonds<sup>(m)</sup> <br>| 6.01% | 08/01/2040 | 1660 | &nbsp;&nbsp; 1721127 |
| Los Alamitos Unified School District (Capital); Series 2012, COP | 5.95% | 08/01/2034 | 1200 | &nbsp;&nbsp; 1314987 |
| Los Angeles (City of), CA Community Facilities District No. 11 (Ponte Vista); Series 2021, RB | 4.00% | 09/01/2046 | 1650 | &nbsp;&nbsp; 1400833 |

---

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

**Invesco California 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)** |
| Los Angeles (City of), CA Department of Airports; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(g)</sup> <br>| 5.00% | 05/15/2035 | $11410 | &nbsp;&nbsp; $11738779 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(e)(g)</sup> <br>| 5.00% | 05/15/2036 | 10640 | &nbsp;&nbsp; 10904056 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/15/2049 | 16710 | &nbsp;&nbsp; 16355080 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/15/2035 | 3500 | &nbsp;&nbsp; 3660945 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB<sup>(e)</sup> <br>| 4.00% | 05/15/2046 | 6400 | &nbsp;&nbsp; 5620112 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(e)</sup> <br>| 5.00% | 05/15/2045 | 12875 | &nbsp;&nbsp; 12893647 |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(e)</sup> <br>| 5.25% | 05/15/2048 | 5800 | &nbsp;&nbsp; 5829539 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB<sup>(e)</sup> <br>| 5.00% | 05/15/2048 | 4395 | &nbsp;&nbsp; 4317682 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 05/15/2049 | 19745 | &nbsp;&nbsp; 19325616 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, RB<sup>(e)</sup> <br>| 5.00% | 05/15/2045 | 8000 | &nbsp;&nbsp; 8008595 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 4.00% | 05/15/2047 | 10000 | &nbsp;&nbsp; 8704651 |
| Los Angeles (City of), CA Department of Water & Power; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 C, RB | 5.00% | 07/01/2047 | 21000 | &nbsp;&nbsp; 20705267 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. RB | 5.00% | 07/01/2050 | 8000 | &nbsp;&nbsp; 7988450 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 5.00% | 07/01/2048 | 17555 | &nbsp;&nbsp; 17621144 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 5.00% | 07/01/2051 | 10165 | &nbsp;&nbsp; 10112011 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. RB | 5.00% | 07/01/2052 | 6500 | &nbsp;&nbsp; 6462805 |
| &nbsp;&nbsp;&nbsp; Series 2023 C-1, VRD RB<sup>(c)(j)</sup> <br>| 3.10% | 06/02/2025 | 3000 | &nbsp;&nbsp; 3000000 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 07/01/2053 | 5000 | &nbsp;&nbsp; 5060410 |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2052 | 2000 | &nbsp;&nbsp; 1994333 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 2700 | &nbsp;&nbsp; 2638066 |
| Los Angeles (County of), CA Metropolitan Transportation Authority (Prop C); Series 2021 A, RB | 5.00% | 07/01/2042 | 6055 | &nbsp;&nbsp; 6382569 |
| Los Angeles (County of), CA Public Works Financing Authority; Series 2024 H, Ref. RB | 5.25% | 12/01/2053 | 7510 | &nbsp;&nbsp; 7840836 |
| Los Angeles County Facilities 2, Inc.; Series 2024 A, RB | 5.25% | 06/01/2054 | 7500 | &nbsp;&nbsp; 7843420 |
| Los Angeles Unified School District (Green Bonds); Series 2024 QRR, GO Bonds | 5.25% | 07/01/2049 | 5000 | &nbsp;&nbsp; 5263113 |
| Madera (County of), CA (Valley Children's Hospital); Series 1995, COP (INS - NATL)<sup>(b)</sup> <br>| 5.75% | 03/15/2028 | 55 | &nbsp;&nbsp; 56787 |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 | 2060 | &nbsp;&nbsp; 1736145 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2051 | 3560 | &nbsp;&nbsp; 2860100 |
| Manteca (City of), CA (Community Facilities District No. 2023-1); Series 2024, RB | 5.00% | 09/01/2054 | 1500 | &nbsp;&nbsp; 1476734 |
| Marina (City of), CA Redevelopment Agency Successor Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 09/01/2038 | 250 | &nbsp;&nbsp; 253962 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 09/01/2040 | 700 | &nbsp;&nbsp; 637333 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/01/2040 | 700 | &nbsp;&nbsp; 614789 |
| Menifee (City of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 825 | &nbsp;&nbsp; 818610 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 972644 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2055 | 2500 | &nbsp;&nbsp; 2419039 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2050 | 605 | &nbsp;&nbsp; 592222 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2055 | 860 | &nbsp;&nbsp; 830880 |
| Menifee Union School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 C, GO Bonds (INS - AGI)<sup>(b)</sup> <br>| 3.00% | 08/01/2038 | 1500 | &nbsp;&nbsp; 1305955 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, GO Bonds (INS - AGI)<sup>(b)</sup> <br>| 3.00% | 08/01/2045 | 2200 | &nbsp;&nbsp; 1672717 |
| Menifee Union School District (Community Facilities District No. 2006-2); Series 2020, Ref. RB | 4.00% | 09/01/2045 | 705 | &nbsp;&nbsp; 621192 |
| &nbsp;&nbsp;&nbsp; Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. <br> 3); Series 2018, RB<br>| 5.00% | 09/01/2048 | 1500 | &nbsp;&nbsp; 1506076 |
| Menifee Union School District (Election of 2008); Series 2009 C, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2035 | 940 | &nbsp;&nbsp; 645020 |
| Menifee Union School District Public Financing Authority; Series 2017 A, RB (INS - NATL)<sup>(b)</sup> <br>| 5.00% | 09/01/2033 | 1000 | &nbsp;&nbsp; 1019322 |
| Merced City School District (Election of 2014); Series 2022, GO Bonds (INS - AGI)<sup>(b)</sup> <br>| 4.00% | 08/01/2046 | 3500 | &nbsp;&nbsp; 3235405 |
| Moorpark Unified School District (Election of 2008); Series 2009 A, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2031 | 840 | &nbsp;&nbsp; 679018 |
| Moreno Valley Unified School District (Community Facilities District No. 2004-4); Series 2015, RB | 5.00% | 09/01/2045 | 2050 | &nbsp;&nbsp; 2050319 |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2044 | 435 | &nbsp;&nbsp; 437033 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 5.00% | 09/01/2048 | 485 | &nbsp;&nbsp; 485666 |
| Moreno Valley Unified School District (Community Facilities District No. 2023-1); Series 2025, RB | 5.00% | 09/01/2055 | 1305 | &nbsp;&nbsp; 1266608 |

---

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

**Invesco California 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)** |
| Mountain House Public Financing Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(b)</sup> <br>| 4.00% | 12/01/2050 | $4985 | &nbsp;&nbsp; $4462268 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(b)</sup> <br>| 4.00% | 12/01/2055 | 12045 | &nbsp;&nbsp; 10610904 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - BAM)<sup>(b)</sup> <br>| 4.13% | 12/01/2048 | 2125 | &nbsp;&nbsp; 1984068 |
| Mt. San Antonio Community College District (Election of 2018); Series 2019 A, GO Bonds | 5.00% | 08/01/2044 | 5000 | &nbsp;&nbsp; 5154882 |
| Murrieta (City of), CA (Community Facilities District No. 2005-5); Series 2017, RB | 5.00% | 09/01/2042 | 655 | &nbsp;&nbsp; 658785 |
| &nbsp;&nbsp;&nbsp; Norco (City of), CA Community Redevelopment Agency Successor Agency (Project Area No. 1); <br> Series 2014, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 03/01/2030 | 1500 | &nbsp;&nbsp; 1502638 |
| North Orange (County of), CA Community College District; Series 2022 C, GO Bonds<sup>(g)(n)</sup> <br>| 4.00% | 08/01/2047 | 22000 | &nbsp;&nbsp; 20447442 |
| Northern California Energy Authority; Series 2024, Ref. RB<sup>(h)</sup> <br>| 5.00% | 08/01/2030 | 15000 | &nbsp;&nbsp; 15677016 |
| Northern California Tobacco Securitization Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 06/01/2049 | 9255 | &nbsp;&nbsp; 7889184 |
| &nbsp;&nbsp;&nbsp; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 485 | &nbsp;&nbsp; 450307 |
| Oak Grove School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 E, Ref. GO Bonds<sup>(m)</sup> <br>| 5.00% | 08/01/2038 | 8680 | &nbsp;&nbsp; 5235644 |
| &nbsp;&nbsp;&nbsp; Series 2018 E, Ref. GO Bonds<sup>(m)</sup> <br>| 5.00% | 08/01/2042 | 5755 | &nbsp;&nbsp; 3361735 |
| Ontario (City of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 09/01/2048 | 1250 | &nbsp;&nbsp; 1300184 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.75% | 09/01/2054 | 2250 | &nbsp;&nbsp; 2359280 |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 | 750 | &nbsp;&nbsp; 756010 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 1000 | &nbsp;&nbsp; 1000273 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1180 | &nbsp;&nbsp; 1165231 |
| &nbsp;&nbsp;&nbsp; Ontario (City of), CA Community Facilities District No. 25 (Park Place Facilities Phase II); <br> Series 2019, RB<br>| 5.00% | 09/01/2049 | 1000 | &nbsp;&nbsp; 996410 |
| &nbsp;&nbsp;&nbsp; Ontario (City of), CA Community Facilities District No. 40 (Emerald Park Facilities); Series 2020, <br> RB<br>| 4.00% | 09/01/2050 | 780 | &nbsp;&nbsp; 634108 |
| Ontario (City of), CA Community Facilities District No. 45; Series 2020, RB | 4.00% | 09/01/2043 | 280 | &nbsp;&nbsp; 250329 |
| Ontario (City of), CA Community Facilities District No. 64; Series 2024, RB | 5.00% | 09/01/2055 | 2995 | &nbsp;&nbsp; 2970110 |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 08/15/2035 | 125 | &nbsp;&nbsp; 125219 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.25% | 08/15/2045 | 1810 | &nbsp;&nbsp; 1809870 |
| &nbsp;&nbsp;&nbsp; Orange (County of), CA Community Facilities District No. 2016-1 (Village of Esencia); Series 2016 <br> A, RB<br>| 5.00% | 08/15/2031 | 1350 | &nbsp;&nbsp; 1372607 |
| &nbsp;&nbsp;&nbsp; Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch); Series 2022 A, <br> RB<br>| 5.00% | 08/15/2052 | 1000 | &nbsp;&nbsp; 1004810 |
| Oxnard (City of), CA Financing Authority; Series 2014, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 06/01/2034 | 850 | &nbsp;&nbsp; 851009 |
| Palm Desert (City of), CA Financing Authority (Project Area No. 2); Series 2003, RB (INS - NATL)<sup>(b)</sup> <br>| 5.00% | 08/01/2033 | 40 | &nbsp;&nbsp; 40157 |
| Palomar Community College District (Election of 2006); Series 2010, GO Bonds<sup>(m)</sup> <br>| 6.38% | 08/01/2045 | 3330 | &nbsp;&nbsp; 2957487 |
| Palomar Health; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, COP | 4.00% | 11/01/2047 | 3185 | &nbsp;&nbsp; 2032067 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/01/2042 | 4835 | &nbsp;&nbsp; 3719780 |
| Paradise Unified School District; Series 2023 C, GO Bonds | 5.00% | 08/01/2047 | 180 | &nbsp;&nbsp; 182688 |
| Perris (City of), CA Joint Powers Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 09/01/2033 | 1190 | &nbsp;&nbsp; 1272811 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2050 | 1500 | &nbsp;&nbsp; 1466246 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 09/01/2054 | 1500 | &nbsp;&nbsp; 1454574 |
| Perris Elementary School District (Election of 2014); Series 2014 A, GO Bonds<sup>(h)(j)</sup> <br>| 6.00% | 07/03/2025 | 525 | &nbsp;&nbsp; 526282 |
| Piedmont Unified School District; Series 2019, GO Bonds | 3.00% | 08/01/2045 | 75 | &nbsp;&nbsp; 58347 |
| &nbsp;&nbsp;&nbsp; Pittsburg Unified School District Financing Authority (Pittsburg Unified School District Bond <br> Program); Series 2019, RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 09/01/2047 | 5000 | &nbsp;&nbsp; 5062328 |
| Poway Unified School District (Del Sur East II); Series 2020, RB (INS - AGI)<sup>(b)</sup> <br>| 4.00% | 09/01/2050 | 4255 | &nbsp;&nbsp; 3774193 |
| Poway Unified School District Public Financing Authority; Series 2015 B, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 5.00% | 09/01/2035 | 1930 | &nbsp;&nbsp; 1932498 |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2041 | 390 | &nbsp;&nbsp; 347276 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 | 585 | &nbsp;&nbsp; 495989 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2050 | 500 | &nbsp;&nbsp; 408870 |
| Rancho Cordova (City of), CA (Community Facilities District No. 2018-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 | 225 | &nbsp;&nbsp; 192841 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2050 | 200 | &nbsp;&nbsp; 165728 |

---

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

**Invesco California 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)** |
| Rancho Cordova (City of), CA (Community Facilities District No. 2022-1); Series 2023, RB | 5.38% | 09/01/2053 | $1300 | &nbsp;&nbsp; $1322083 |
| Rancho Cordova (City of), CA (Community Facilities District No. 2023-1); Series 2024, RB | 5.00% | 09/01/2054 | 1500 | &nbsp;&nbsp; 1476734 |
| Ravenswood School District; Series 2018, GO Bonds | 5.00% | 08/01/2035 | 750 | &nbsp;&nbsp; 763769 |
| Redlands Unified School District (Community Facilities District No. 2006-1); Series 2020, RB | 4.00% | 09/01/2050 | 400 | &nbsp;&nbsp; 329024 |
| Regents of the University of California Medical Center; Series 2022 P, RB<sup>(g)</sup> <br>| 5.00% | 05/15/2047 | 30280 | &nbsp;&nbsp; 30930735 |
| Regents of the University of California Medical Center Pooled Revenue; Series 2025, RB<sup>(g)(n)</sup> <br>| 4.00% | 05/15/2053 | 25000 | &nbsp;&nbsp; 21625970 |
| Rialto Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds (INS - BAM)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2042 | 8125 | &nbsp;&nbsp; 3597862 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds (INS - BAM)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2043 | 4500 | &nbsp;&nbsp; 1892178 |
| Rio Hondo Community College District (Election of 2004); Series 2010 C, GO Bonds | 6.63% | 08/01/2042 | 10530 | &nbsp;&nbsp; 12747322 |
| River Islands Public Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.25% | 09/01/2052 | 10365 | &nbsp;&nbsp; 10588557 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - AGI)<sup>(b)</sup> <br>| 5.25% | 09/01/2052 | 2000 | &nbsp;&nbsp; 2043137 |
| Riverside (City of), CA (Community Facilities District No. 92-1); Series 2005 A, RB | 5.30% | 09/01/2034 | 1050 | &nbsp;&nbsp; 1053422 |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 09/01/2044 | 1000 | &nbsp;&nbsp; 984113 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/01/2045 | 535 | &nbsp;&nbsp; 535019 |
| &nbsp;&nbsp;&nbsp; Riverside (County of), CA Public Financing Authority (Desert Communities and Interstate 215 <br> Corridor); Series 2017 A, Ref. RB (INS - BAM)<sup>(b)</sup> <br>| 4.00% | 10/01/2040 | 500 | &nbsp;&nbsp; 474621 |
| Riverside (County of), CA Transportation Commission; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2046 | 16545 | &nbsp;&nbsp; 14765713 |
| Riverside Unified School District (Community Facilities District No. 32); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 | 290 | &nbsp;&nbsp; 251829 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 610 | &nbsp;&nbsp; 507716 |
| Riverside Unified School District (Community Facilities District No. 33); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2041 | 275 | &nbsp;&nbsp; 247431 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2050 | 600 | &nbsp;&nbsp; 499392 |
| Riverside Unified School District (Community Facilities District No. 40); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.00% | 09/01/2050 | 2370 | &nbsp;&nbsp; 2329806 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.00% | 09/01/2055 | 2000 | &nbsp;&nbsp; 1944126 |
| Riverside Unified School District (Improvement Area No. 1); Series 2024, RB | 5.00% | 09/01/2054 | 1270 | &nbsp;&nbsp; 1237124 |
| Riverside Unified School District (Improvement Area No. 2); Series 2024, RB | 5.00% | 09/01/2054 | 770 | &nbsp;&nbsp; 750067 |
| Romoland School District (Underwood); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2046 | 370 | &nbsp;&nbsp; 373208 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.00% | 09/01/2054 | 1090 | &nbsp;&nbsp; 1077995 |
| Romoland School District Community Facilities No. 2004-1; Series 2015, Ref. RB | 5.00% | 09/01/2038 | 1000 | &nbsp;&nbsp; 1001461 |
| Romoland School District Community Facilities No. 2020-1; Series 2024, RB | 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 984489 |
| Romoland School District Community Facilities No. 2022-2; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 | 375 | &nbsp;&nbsp; 376620 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 775 | &nbsp;&nbsp; 768997 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 860 | &nbsp;&nbsp; 840273 |
| Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2050 | 570 | &nbsp;&nbsp; 477239 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.13% | 09/01/2050 | 1240 | &nbsp;&nbsp; 1220098 |
| &nbsp;&nbsp;&nbsp; Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 2; <br> Series 2021, RB<br>| 4.00% | 09/01/2050 | 930 | &nbsp;&nbsp; 778653 |
| Roseville (City of), CA; Series 2023, RB | 6.00% | 09/01/2053 | 1500 | &nbsp;&nbsp; 1571276 |
| Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 1125 | &nbsp;&nbsp; 1093314 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 1500 | &nbsp;&nbsp; 1437196 |
| Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 | 450 | &nbsp;&nbsp; 390769 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 1000 | &nbsp;&nbsp; 836022 |
| &nbsp;&nbsp;&nbsp; Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public <br> Facilities);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2039 | 375 | &nbsp;&nbsp; 347629 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2045 | 350 | &nbsp;&nbsp; 303931 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 475 | &nbsp;&nbsp; 397111 |
| Roseville (City of), CA (Westpark-Federico Community Facilities District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2043 | 1830 | &nbsp;&nbsp; 1851650 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2052 | 2760 | &nbsp;&nbsp; 2735981 |

---

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

**Invesco California 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)** |
| Sacramento (City of), CA (Convention Center Complex); Series 2018 A, RB | 5.00% | 06/01/2048 | $2000 | &nbsp;&nbsp; $2003238 |
| &nbsp;&nbsp;&nbsp; Sacramento (City of), CA (Greenbriar Community Facilities District No. 2018-03, Improvement <br> Area No. 2); Series 2024, RB<br>| 5.00% | 09/01/2054 | 1000 | &nbsp;&nbsp; 941134 |
| Sacramento (City of), CA (North Natomas Community Facilities District No. 4); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2032 | 1290 | &nbsp;&nbsp; 1293363 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2033 | 1075 | &nbsp;&nbsp; 1077605 |
| Sacramento (City of), CA Municipal Utility District (Green Bonds); Series 2020 H, RB | 4.00% | 08/15/2045 | 5000 | &nbsp;&nbsp; 4590564 |
| Sacramento (County of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 C, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2039 | 2835 | &nbsp;&nbsp; 2850857 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 07/01/2054 | 7500 | &nbsp;&nbsp; 7629982 |
| Sacramento (County of), CA Water Financing Authority; Series 2025, RB | 5.00% | 06/01/2055 | 15000 | &nbsp;&nbsp; 15594312 |
| San Bernardino (City of), CA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.13% | 09/01/2047 | 555 | &nbsp;&nbsp; 557576 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.25% | 09/01/2052 | 680 | &nbsp;&nbsp; 672298 |
| San Diego (County of), CA Redevelopment Agency (Gillespie Field); Series 2005 A, Ref. RB<sup>(e)</sup> <br>| 5.75% | 12/01/2032 | 2700 | &nbsp;&nbsp; 2704019 |
| San Diego (County of), CA Regional Airport Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2049 | 4325 | &nbsp;&nbsp; 4232818 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 07/01/2056 | 5130 | &nbsp;&nbsp; 4468049 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 5.00% | 07/01/2056 | 2880 | &nbsp;&nbsp; 2907924 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(e)</sup> <br>| 4.00% | 07/01/2056 | 10145 | &nbsp;&nbsp; 8341078 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2056 | 23740 | &nbsp;&nbsp; 23322093 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(e)</sup> <br>| 5.00% | 07/01/2053 | 5000 | &nbsp;&nbsp; 4940024 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(e)</sup> <br>| 5.25% | 07/01/2058 | 9000 | &nbsp;&nbsp; 9157610 |
| San Diego Unified School District; Series 2022, GO Bonds<sup>(g)</sup> <br>| 4.25% | 07/01/2052 | 17500 | &nbsp;&nbsp; 16379809 |
| San Diego Unified School District (Election of 2018) (Green Bonds); Series 2023, GO Bonds | 4.00% | 07/01/2053 | 15000 | &nbsp;&nbsp; 13413801 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Second Series 2018 D, RB<sup>(e)(h)(j)</sup> <br>| 5.00% | 05/01/2028 | 10 | &nbsp;&nbsp; 10337 |
| &nbsp;&nbsp;&nbsp; Second Series 2018 D, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2048 | 11280 | &nbsp;&nbsp; 11051758 |
| &nbsp;&nbsp;&nbsp; Second Series 2022 B, Ref. RB | 4.00% | 05/01/2052 | 3345 | &nbsp;&nbsp; 2943531 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, RB<sup>(e)</sup> <br>| 5.25% | 05/01/2048 | 6200 | &nbsp;&nbsp; 6219423 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2049 | 47500 | &nbsp;&nbsp; 46876695 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(e)</sup> <br>| 4.00% | 05/01/2050 | 11445 | &nbsp;&nbsp; 9723189 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(e)</sup> <br>| 5.00% | 05/01/2050 | 3080 | &nbsp;&nbsp; 3028211 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.25% | 05/01/2043 | 5000 | &nbsp;&nbsp; 5163768 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(e)</sup> <br>| 5.25% | 05/01/2055 | 5000 | &nbsp;&nbsp; 5060123 |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2042 | 550 | &nbsp;&nbsp; 478102 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 1025 | &nbsp;&nbsp; 824804 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.25% | 09/01/2048 | 960 | &nbsp;&nbsp; 965593 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.50% | 09/01/2053 | 2050 | &nbsp;&nbsp; 2090591 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Community Facilities District No. 2016-1 (Treasure Island); <br> Series 2022, RB<sup>(i)</sup> <br>| 4.00% | 09/01/2052 | 2000 | &nbsp;&nbsp; 1600655 |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2037 | 385 | &nbsp;&nbsp; 396072 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2052 | 2000 | &nbsp;&nbsp; 1838697 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(i)</sup> <br>| 5.00% | 09/01/2052 | 1000 | &nbsp;&nbsp; 902555 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(i)</sup> <br>| 5.50% | 09/01/2053 | 1550 | &nbsp;&nbsp; 1479341 |
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds); Series 2021 A, RB | 4.00% | 10/01/2048 | 10000 | &nbsp;&nbsp; 8953117 |
| San Francisco (City & County of), CA Special Tax District No. 2020-1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.75% | 09/01/2050 | 850 | &nbsp;&nbsp; 879232 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(i)</sup> <br>| 5.75% | 09/01/2053 | 1800 | &nbsp;&nbsp; 1856978 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters <br> Point Shipyard Phase One Improvements); Series 2014, Ref. RB<br>| 5.00% | 08/01/2044 | 2555 | &nbsp;&nbsp; 2555241 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay <br> South Redevelopment); Series 2014 A, RB<br>| 5.00% | 08/01/2043 | 2810 | &nbsp;&nbsp; 2808199 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Transbay <br> Infrastructure);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 08/01/2048 | 2250 | &nbsp;&nbsp; 2306660 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(b)</sup> <br>| 5.25% | 08/01/2053 | 2375 | &nbsp;&nbsp; 2457569 |

---

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

**Invesco California 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; San Francisco City & County Airport Comm-San Francisco International Airport; Series 2025, <br> RB<sup>(e)(g)(n)</sup> <br>| 5.50% | 05/01/2055 | $10000 | &nbsp;&nbsp; $10383948 |
| San Francisco City & County Public Utilities Commission Wastewater Revenue; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 10/01/2054 | 4755 | &nbsp;&nbsp; 4878749 |
| San Jacinto Unified School District (Community Facilities District No. 2020-1); Series 2022, RB | 4.00% | 09/01/2052 | 760 | &nbsp;&nbsp; 600056 |
| San Jacinto Unified School District Financing Authority; Series 2017, Ref. RB | 5.00% | 09/01/2043 | 160 | &nbsp;&nbsp; 160515 |
| San Joaquin Hills Transportation Corridor Agency; Series 2014 B, Ref. RB | 5.25% | 01/15/2044 | 635 | &nbsp;&nbsp; 635099 |
| San Joaquin Valley Clean Energy Authority (Green Bonds); Series 2025, RB<sup>(h)</sup> <br>| 5.50% | 07/01/2035 | 10000 | &nbsp;&nbsp; 10842186 |
| San Jose (City of), CA; Series 2017 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 03/01/2047 | 12260 | &nbsp;&nbsp; 12041522 |
| San Jose (City of), CA (El Parador Apartments); Series 2000 A, RB<sup>(e)</sup> <br>| 6.20% | 01/01/2041 | 3150 | &nbsp;&nbsp; 3096882 |
| &nbsp;&nbsp;&nbsp; San Jose Evergreen Community College District (Election of 2004); Series 2008 B, GO Bonds (INS <br> - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 09/01/2031 | 3110 | &nbsp;&nbsp; 2557109 |
| San Leandro Unified School District (Election of 2020); Series 2022 B, GO Bonds | 5.25% | 08/01/2048 | 11700 | &nbsp;&nbsp; 12165360 |
| &nbsp;&nbsp;&nbsp; San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement); Series 2011 A, <br> Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 5.00% | 08/01/2030 | 1500 | &nbsp;&nbsp; 1501746 |
| San Marcos Unified School District (Community Facilities District No. 7); Series 2019, RB | 5.00% | 09/01/2048 | 750 | &nbsp;&nbsp; 750362 |
| San Mateo Foster City School District (Election of 2008); Series 2010, GO Bonds<sup>(m)</sup> <br>| 6.63% | 08/01/2042 | 1010 | &nbsp;&nbsp; 1073971 |
| Santa Barbara (County of), CA; Series 2018 B, COP<sup>(e)</sup> <br>| 5.00% | 12/01/2037 | 5000 | &nbsp;&nbsp; 5109740 |
| Santa Clara (County of), CA Housing Authority (Rivertown Apartments); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 A, RB<sup>(e)</sup> <br>| 5.85% | 08/01/2031 | 715 | &nbsp;&nbsp; 716197 |
| &nbsp;&nbsp;&nbsp; Series 2001 A, RB<sup>(e)</sup> <br>| 6.00% | 08/01/2041 | 2070 | &nbsp;&nbsp; 2111996 |
| Santa Clarita Community College District; Series 2019, GO Bonds | 3.00% | 08/01/2044 | 1410 | &nbsp;&nbsp; 1080821 |
| Santa Monica (City of), CA Redevelopment Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011, RB | 5.88% | 07/01/2036 | 1750 | &nbsp;&nbsp; 1754086 |
| &nbsp;&nbsp;&nbsp; Series 2011, RB | 5.88% | 07/01/2042 | 2600 | &nbsp;&nbsp; 2605158 |
| Sebastopol Union School District; Series 2020 A, GO Bonds | 4.00% | 08/01/2041 | 500 | &nbsp;&nbsp; 471239 |
| &nbsp;&nbsp;&nbsp; Signal Hill (City of), CA Redevelopment Agency Successor Agency (Signal Hill Redevelopment <br> Project No. 1); Series 2011, RB<br>| 7.00% | 10/01/2026 | 710 | &nbsp;&nbsp; 712001 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2036 | 22420 | &nbsp;&nbsp; 12180952 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2041 | 10000 | &nbsp;&nbsp; 3566410 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2047 | 12650 | &nbsp;&nbsp; 2968307 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2056 | 65815 | &nbsp;&nbsp; 6403339 |
| Simi Valley Unified School District (Election of 2004); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 C, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2028 | 3480 | &nbsp;&nbsp; 3165588 |
| &nbsp;&nbsp;&nbsp; Series 2007 C, GO Bonds (INS - AGI)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2030 | 2765 | &nbsp;&nbsp; 2353483 |
| &nbsp;&nbsp;&nbsp; South El Monte (City of), CA Improvement District Successor Agency; Series 2015 A, Ref. RB (INS - <br> AGI)<sup>(b)</sup> <br>| 5.00% | 08/01/2035 | 4150 | &nbsp;&nbsp; 4161228 |
| &nbsp;&nbsp;&nbsp; South Orange (County of), CA Public Financing Authority (County of Orange Sheriff-Coroner); <br> Series 2022, RB<br>| 5.00% | 06/01/2052 | 10000 | &nbsp;&nbsp; 10346625 |
| Southern California Public Power Authority (No.1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.25% | 11/01/2026 | 250 | &nbsp;&nbsp; 254057 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.25% | 11/01/2027 | 2255 | &nbsp;&nbsp; 2313524 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 11/01/2028 | 205 | &nbsp;&nbsp; 210313 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 11/01/2029 | 165 | &nbsp;&nbsp; 170135 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 11/01/2033 | 2085 | &nbsp;&nbsp; 2186189 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(d)</sup> <br>| 0.00% | 06/01/2046 | 3000 | &nbsp;&nbsp; 577851 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2039 | 750 | &nbsp;&nbsp; 760238 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2048 | 2160 | &nbsp;&nbsp; 2055166 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB<sup>(d)</sup> <br>| 0.00% | 06/01/2054 | 27610 | &nbsp;&nbsp; 5549773 |
| Stockton (City of), CA Community Facilities District (Westlake Villages II); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.13% | 09/01/2052 | 1800 | &nbsp;&nbsp; 1808109 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 525 | &nbsp;&nbsp; 526301 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 625 | &nbsp;&nbsp; 621893 |
| Sulphur Springs Union School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 1225 | &nbsp;&nbsp; 1015086 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 09/01/2049 | 1000 | &nbsp;&nbsp; 985381 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB | 5.00% | 09/01/2054 | 2750 | &nbsp;&nbsp; 2695062 |
| Susanville (City of), CA (Natural Gas Enterprise Ref.); Series 2019, Ref. RB (INS - AGI)<sup>(b)</sup> <br>| 4.00% | 06/01/2045 | 1000 | &nbsp;&nbsp; 923557 |

---

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

**Invesco California 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)** |
| Tahoe-Truckee Unified School District; Series 2016 B, GO Bonds | 5.00% | 08/01/2041 | $950 | &nbsp;&nbsp; $965153 |
| &nbsp;&nbsp;&nbsp; Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon <br> Industrial Complex Public Improvements);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2050 | 5750 | &nbsp;&nbsp; 4828544 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 09/01/2054 | 3450 | &nbsp;&nbsp; 3315477 |
| Temecula Public Financing Authority; Series 2024, RB | 5.00% | 09/01/2054 | 900 | &nbsp;&nbsp; 902215 |
| &nbsp;&nbsp;&nbsp; Temecula Valley Unified School District Community Facilities District (Community Facilities District <br> No. 2021-1);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 | 285 | &nbsp;&nbsp; 279789 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2049 | 500 | &nbsp;&nbsp; 485247 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2054 | 350 | &nbsp;&nbsp; 336858 |
| Temescal Valley Water District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2046 | 500 | &nbsp;&nbsp; 436771 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2051 | 930 | &nbsp;&nbsp; 777431 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 | 600 | &nbsp;&nbsp; 607035 |
| Tender Option Bond Trust Receipts/Certificates; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(g)</sup> <br>| 4.13% | 03/01/2049 | 4500 | &nbsp;&nbsp; 4189649 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(g)</sup> <br>| 5.00% | 08/01/2049 | 8000 | &nbsp;&nbsp; 8253555 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(g)</sup> <br>| 5.00% | 03/01/2055 | 7500 | &nbsp;&nbsp; 7802728 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)(h)</sup> <br>| 5.25% | 01/04/2030 | 16000 | &nbsp;&nbsp; 16823929 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 03/01/2031 | 12250 | &nbsp;&nbsp; 12814061 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.25% | 10/01/2048 | 8000 | &nbsp;&nbsp; 8441378 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 04/01/2050 | 8000 | &nbsp;&nbsp; 8256750 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(b)(g)</sup> <br>| 5.00% | 08/01/2052 | 13580 | &nbsp;&nbsp; 13933614 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 10/01/2054 | 11865 | &nbsp;&nbsp; 12173787 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 10/15/2054 | 12500 | &nbsp;&nbsp; 12788361 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)(g)(n)</sup> <br>| 5.50% | 05/15/2055 | 10000 | &nbsp;&nbsp; 10433123 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 06/01/2055 | 12500 | &nbsp;&nbsp; 12823083 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.00% | 10/01/2055 | 7500 | &nbsp;&nbsp; 7766866 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(g)</sup> <br>| 5.50% | 11/01/2055 | 15000 | &nbsp;&nbsp; 16171935 |
| &nbsp;&nbsp;&nbsp; Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1); <br> Series 2021, Ref. RB<br>| 4.00% | 09/01/2051 | 2500 | &nbsp;&nbsp; 2037154 |
| Torrance Unified School District (Election of 2008-Measure Z); Series 2009, GO Bonds<sup>(d)</sup> <br>| 0.00% | 08/01/2034 | 3395 | &nbsp;&nbsp; 2162127 |
| Tracy (City of), CA Community Facilities District No. 21-1(Hillview); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2042 | 1905 | &nbsp;&nbsp; 1918381 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 5.00% | 09/01/2052 | 2400 | &nbsp;&nbsp; 2344418 |
| Transbay Joint Powers Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 10/01/2045 | 1500 | &nbsp;&nbsp; 1456168 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 10/01/2049 | 4300 | &nbsp;&nbsp; 4115835 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 10/01/2035 | 250 | &nbsp;&nbsp; 255014 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 10/01/2038 | 300 | &nbsp;&nbsp; 301177 |
| &nbsp;&nbsp;&nbsp; Tustin Unified School District (Community Facilities District No. 97-1); Series 2015 A, Ref. RB (INS <br> - BAM)<sup>(b)</sup> <br>| 5.00% | 09/01/2038 | 2000 | &nbsp;&nbsp; 2004485 |
| University of California; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(g)</sup> <br>| 5.00% | 05/15/2047 | 15000 | &nbsp;&nbsp; 15117057 |
| &nbsp;&nbsp;&nbsp; Series 2018 AZ, Ref. RB | 5.00% | 05/15/2048 | 20000 | &nbsp;&nbsp; 20222948 |
| &nbsp;&nbsp;&nbsp; Series 2020 BE, Ref. RB | 4.00% | 05/15/2050 | 12000 | &nbsp;&nbsp; 10821659 |
| &nbsp;&nbsp;&nbsp; Series 2025 CC, RB | 5.00% | 05/15/2053 | 7500 | &nbsp;&nbsp; 7743073 |
| &nbsp;&nbsp;&nbsp; Series 2025 CC, RB | 5.25% | 05/15/2055 | 10000 | &nbsp;&nbsp; 10535896 |
| Upland (City of), CA Community Facilities District No. 2003-2 (Improvement Area No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2029 | 1030 | &nbsp;&nbsp; 1031141 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2030 | 1080 | &nbsp;&nbsp; 1081077 |
| &nbsp;&nbsp;&nbsp; Upland (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 1); <br> Series 2019 A, RB<br>| 4.00% | 09/01/2049 | 750 | &nbsp;&nbsp; 625344 |
| Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2040 | 260 | &nbsp;&nbsp; 236461 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2045 | 165 | &nbsp;&nbsp; 139476 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2051 | 260 | &nbsp;&nbsp; 208884 |
| &nbsp;&nbsp;&nbsp; Val Verde Unified School District Community Facilities Disctrict No. 2018-2 (Stratford Ranch <br> Improvement Area No. 2); Series 2023, RB<br>| 5.00% | 09/01/2054 | 955 | &nbsp;&nbsp; 945920 |

---

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

**Invesco California 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)** |
| Valley (City of), CA Sanitary District; Series 2005, RB | 5.20% | 09/02/2030 | $1320 | &nbsp;&nbsp; $1325152 |
| Victorville (City of), CA (Community Facilities District No. 07-01); Series 2012 A, RB | 5.35% | 09/01/2042 | 485 | &nbsp;&nbsp; 485620 |
| Washington Township Health Care District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.00% | 07/01/2043 | 250 | &nbsp;&nbsp; 242648 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.75% | 07/01/2048 | 500 | &nbsp;&nbsp; 522589 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.75% | 07/01/2053 | 1000 | &nbsp;&nbsp; 1027870 |
| Washington Township Health Care District (Election of 2020); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds | 5.25% | 08/01/2048 | 1625 | &nbsp;&nbsp; 1723902 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, GO Bonds | 5.50% | 08/01/2053 | 2500 | &nbsp;&nbsp; 2646183 |
| West Contra Costa Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005, GO Bonds (INS - NATL)<sup>(b)(d)</sup> <br>| 0.00% | 08/01/2025 | 2500 | &nbsp;&nbsp; 2486340 |
| &nbsp;&nbsp;&nbsp; Series 2020 E, GO Bonds (INS - AGI)<sup>(b)</sup> <br>| 3.00% | 08/01/2045 | 6465 | &nbsp;&nbsp; 5013479 |
| West Patterson Financing Authority (Community Facilities District No. 2015-1); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.25% | 09/01/2035 | 610 | &nbsp;&nbsp; 611799 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.25% | 09/01/2045 | 1550 | &nbsp;&nbsp; 1551176 |
|  |  |  |  | &nbsp;&nbsp; 2229294747 |
| **Guam–0.42%** | **Guam–0.42%** | **Guam–0.42%** | **Guam–0.42%** | **Guam–0.42%** |
| Guam (Territory of); Series 2021 F, Ref. RB | 4.00% | 01/01/2036 | 1160 | &nbsp;&nbsp; 1112056 |
| Guam (Territory of) Department of Education (John F. Kennedy); Series 2020, Ref. COP | 5.00% | 02/01/2040 | 2750 | &nbsp;&nbsp; 2648734 |
| Guam (Territory of) Port Authority; Series 2018 A, RB | 5.00% | 07/01/2048 | 1825 | &nbsp;&nbsp; 1775430 |
| Guam (Territory of) Waterworks Authority; Series 2020 A, RB | 5.00% | 01/01/2050 | 3460 | &nbsp;&nbsp; 3313704 |
|  |  |  |  | &nbsp;&nbsp; 8849924 |
| **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** | **Northern Mariana Islands–0.05%** |
| Northern Mariana Islands (Commonwealth of) Ports Authority; Series 2005 A, RB<sup>(e)</sup> <br>| 5.50% | 03/15/2031 | 1120 | &nbsp;&nbsp; 1109087 |
| **Puerto Rico–3.64%** | **Puerto Rico–3.64%** | **Puerto Rico–3.64%** | **Puerto Rico–3.64%** | **Puerto Rico–3.64%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 6400 | &nbsp;&nbsp; 6461738 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 8735 | &nbsp;&nbsp; 8835529 |
| PRIFA Custodial Trust; Series 2005, RB<sup>(d)</sup> <br>| 0.00% | 03/15/2049 | 80 | &nbsp;&nbsp; 19578 |
| Puerto Rico (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(d)</sup> <br>| 0.00% | 07/01/2033 | 12619 | &nbsp;&nbsp; 8553414 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.38% | 07/01/2025 | 462 | &nbsp;&nbsp; 462315 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 | 917 | &nbsp;&nbsp; 941193 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 | 902 | &nbsp;&nbsp; 945525 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.75% | 07/01/2031 | 876 | &nbsp;&nbsp; 937992 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 | 1731 | &nbsp;&nbsp; 1665210 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 | 747 | &nbsp;&nbsp; 705428 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 | 641 | &nbsp;&nbsp; 592393 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 | 872 | &nbsp;&nbsp; 747152 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 0 | &nbsp;&nbsp; 3 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(d)</sup> <br>| 0.00% | 11/01/2043 | 3709 | &nbsp;&nbsp; 2230276 |
| Puerto Rico (Commonwealth of) Electric Power Authority; Series 2013 A, RB<sup>(k)</sup> <br>| 6.75% | 07/01/2036 | 3920 | &nbsp;&nbsp; 2151100 |
| &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 05/26/2000-03/25/2024; Cost $569,751)<sup>(l)</sup> <br>| 6.63% | 01/01/2027 | 494 | &nbsp;&nbsp; 488583 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 05/26/2000; Cost $4,472,771)<sup>(l)</sup> <br>| 6.63% | 01/01/2028 | 3767 | &nbsp;&nbsp; 3714314 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2027 | 1524 | &nbsp;&nbsp; 1402684 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2031 | 1616 | &nbsp;&nbsp; 1255696 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2033 | 11974 | &nbsp;&nbsp; 8486923 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.55% | 07/01/2040 | 342 | &nbsp;&nbsp; 326276 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2046 | 8788 | &nbsp;&nbsp; 2821249 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(d)</sup> <br>| 0.00% | 07/01/2051 | 13879 | &nbsp;&nbsp; 3276492 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.75% | 07/01/2053 | 2510 | &nbsp;&nbsp; 2298645 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 | 11595 | &nbsp;&nbsp; 10894147 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.33% | 07/01/2040 | 3080 | &nbsp;&nbsp; 2876150 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 | 65 | &nbsp;&nbsp; 56326 |

---

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

**Invesco California 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** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 |  | $865 | &nbsp;&nbsp; $775479 |
| University of Puerto Rico; Series 2006 P, Ref. RB (Acquired 08/07/2017; Cost $1,423,500)<sup>(l)</sup> <br>| 5.00% | 06/01/2030 |  | 2190 | &nbsp;&nbsp; 2116238 |
|  |  |  |  |  | &nbsp;&nbsp; 76038048 |
| **Virgin Islands–0.55%** | **Virgin Islands–0.55%** | **Virgin Islands–0.55%** | **Virgin Islands–0.55%** | **Virgin Islands–0.55%** | **Virgin Islands–0.55%** |
| Virgin Islands (Government of) Port Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2029 |  | 1645 | &nbsp;&nbsp; 1618443 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, Ref. RB<sup>(e)</sup> <br>| 5.00% | 09/01/2033 |  | 1500 | &nbsp;&nbsp; 1427492 |
| &nbsp;&nbsp;&nbsp; Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development); <br> Series 2024 A, RB<sup>(i)</sup> <br>| 6.00% | 04/01/2053 |  | 6000 | &nbsp;&nbsp; 5960490 |
| Virgin Islands (Government of) Public Finance Authority (Garvee); Series 2015, RB<sup>(h)(i)(j)</sup> <br>| 5.00% | 09/01/2025 |  | 1000 | &nbsp;&nbsp; 1004583 |
| Virgin Islands Transportation & Infrastructure Corp. (Garvee); Series 2025, Ref. RB | 5.00% | 09/01/2043 |  | 1500 | &nbsp;&nbsp; 1530807 |
|  |  |  |  |  | &nbsp;&nbsp; 11541815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,417,197,114) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,417,197,114) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,417,197,114) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $2,417,197,114) |  | &nbsp;&nbsp; 2326833621 |
| **U.S. Dollar Denominated Bonds & Notes–0.01%** | **U.S. Dollar Denominated Bonds & Notes–0.01%** | **U.S. Dollar Denominated Bonds & Notes–0.01%** | **U.S. Dollar Denominated Bonds & Notes–0.01%** | **U.S. Dollar Denominated Bonds & Notes–0.01%** | **U.S. Dollar Denominated Bonds & Notes–0.01%** |
| **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** |
| CalPlant I LLC; Exit Facility<sup>(i)(o)</sup> <br>| 15.00% | 07/01/2025 |  | 485 | &nbsp;&nbsp; 95165 |
| **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>(o)</sup> <br>| 12.50% | 03/04/2026 |  | 123 | &nbsp;&nbsp; 119077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $606,537) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $606,537) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $606,537) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $606,537) |  | &nbsp;&nbsp; 214242 |
|  |  |  | **Shares** | **Shares** |  |
| **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **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>(o)</sup> <br>|  |  |  | 82846 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–111.37% (Cost $2,417,803,651) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–111.37% (Cost $2,417,803,651) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–111.37% (Cost $2,417,803,651) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–111.37% (Cost $2,417,803,651) |  | &nbsp;&nbsp; 2327047863 |
| FLOATING RATE NOTE OBLIGATIONS–(12.50)% | FLOATING RATE NOTE OBLIGATIONS–(12.50)% | FLOATING RATE NOTE OBLIGATIONS–(12.50)% | FLOATING RATE NOTE OBLIGATIONS–(12.50)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 2.32% to 2.87% at 05/31/2025 and <br>contractual maturities of collateral ranging from 05/15/2035 to 11/01/2059<sup>(q)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (261220000)<br>|
| OTHER ASSETS LESS LIABILITIES–1.13% | OTHER ASSETS LESS LIABILITIES–1.13% | OTHER ASSETS LESS LIABILITIES–1.13% | OTHER ASSETS LESS LIABILITIES–1.13% |  | &nbsp;&nbsp; 23603921 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $2089431784 |

---

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 |
| FNMA | – Federal National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |

---

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

**Invesco California Municipal Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Calculated as a percentage of net assets. Amounts in excess of 100% are due to the Trust's use of leverage.

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

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

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

<sup>(f)</sup> The issuer is paying less than stated interest, but is not in default on principal because scheduled principal payments have not yet begun.

<sup>(g)</sup> Underlying security related to TOB Trusts entered into by the Fund.

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

<sup>(i)</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 $204,529,868, which represented 9.79% of the Fund's Net Assets. 

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

<sup>(k)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2025 was $2,151,137, which represented less than 1% of the Fund's Net Assets. 

<sup>(l)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $6,319,172, which represented less than 1% of the Fund's Net Assets.

<sup>(m)</sup> Convertible capital appreciation bond. The interest rate shown represents the coupon rate at which the bond will accrue at a specified future date.

<sup>(n)</sup> Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $48,400,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

<sup>(p)</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>(q)</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 $357,618,004 are held by TOB Trusts and serve as collateral for the $261,220,000 in the floating rate note obligations outstanding at that date. 

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 California 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; $2326833621 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2326833621 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214242 | &nbsp;&nbsp;&nbsp;&nbsp; 214242 |
| 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; — | &nbsp;&nbsp;&nbsp;&nbsp; 2326833621 | &nbsp;&nbsp;&nbsp;&nbsp; 214242 | &nbsp;&nbsp;&nbsp;&nbsp; 2327047863 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 672961 | &nbsp;&nbsp;&nbsp;&nbsp; 31395 | &nbsp;&nbsp;&nbsp;&nbsp; 704356 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2327506582 | &nbsp;&nbsp;&nbsp;&nbsp; $245637 | &nbsp;&nbsp;&nbsp;&nbsp; $2327752219 |

---

**Invesco California 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 Tax-Exempt Funds (Invesco Tax-Exempt Funds)

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Invesco California Municipal Fund

- **b. EDGAR series identifier (if any):** S000064641

- **c. LEI of Series:** 5493001JGTXI3O5V7O59

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2359948479.30

**Total Liabilities:** $273616247.55

**Net Assets:** $2086332231.75

**Delayed Delivery Securities:** $4378040.25

**Cash Not Reported:** $1375774.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2396.30523099 | **1-Year:** -42799.95997783 | **5-Year:** -201335.07853407 | **10-Year:** -534389.31564552 | **30-Year:** -285460.38370779

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

- **3-Month:** -1528.89503899 | **1-Year:** -20894.17762673 | **5-Year:** -96474.68053788 | **10-Year:** -227519.74633999 | **30-Year:** -222570.03857483

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209293 | -2.23%               | -1.15%               | -1.04%               |
| Class ID C000209292 | -2.22%               | -1.25%               | -1.14%               |
| Class ID C000209291 | -2.25%               | -1.16%               | -0.92%               |
| Class ID C000209290 | -2.27%               | -1.18%               | -0.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2904882.50             | $-55259462.41                              |
| Month 2  | $-11142174.79            | $-23408802.41                              |
| Month 3  | $-3127800.78             | $-25973568.59                              |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays Municipal 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |   3000000 | PA      | $2999786.10   | 0.14%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sebastopol Union School District                                                                                                                 | Sebastopol Union School District, Series 2020 A, GO Bonds                                                                                              | CUSIP: 812880FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471238.65    | 0.02%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                | California (State of) Statewide Communities Development Authority, Series 2017, RB                                                                     | CUSIP: 13078YLC7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1268103.05   | 0.06%             | 2046-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee (City of), CA                                                                                                                            | Menifee (City of), CA, Series 2024, RB                                                                                                                 | CUSIP: 58680WFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2419039.25   | 0.12%             | 2055-09-01      | Fixed         | 5.00%                 | 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        |  13879000 | PA      | $3276491.86   | 0.16%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada)                                                   | California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada), Series 2012, RB                                        | CUSIP: 13048TNF6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    625000 | PA      | $607490.25    | 0.03%             | 2032-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                                    | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2023, RB                                                         | CUSIP: 79773LAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2090590.82   | 0.10%             | 2053-09-01      | Fixed         | 5.50%                 | 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        |   8735000 | PA      | $8835528.49   | 0.42%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                                                                                | Riverside Unified School District, Series 2025, RB                                                                                                     | CUSIP: 769069Z65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2329805.75   | 0.11%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA                                                                                                                      | Lake Elsinore (City of), CA, Series 2021, RB                                                                                                           | CUSIP: 50963NTJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $315640.99    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (New Designs Charter School)                                                                      | California (State of) School Finance Authority (New Designs Charter School), Series 2024, Ref. RB                                                      | CUSIP: 130591BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1424684.96   | 0.07%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                    | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 A, RB                                       | CUSIP: 79773NAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $396072.48    | 0.02%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                              | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2037154.25   | 0.10%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                                                                 | California Health Facilities Financing Authority, Series 2025, RB                                                                                      | CUSIP: 13032U3C0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566699.15   | 0.08%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                      | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002029.90   | 0.05%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District (Election of 2004)                                                                                 | San Jose Evergreen Community College District (Election of 2004), Series 2008 B, GO Bonds                                                              | CUSIP: 798189FS0<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2557108.87   | 0.12%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018, Ref. RB                                             | CUSIP: 544445GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4395000 | PA      | $4317681.84   | 0.21%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita Community College District                                                                                                         | Santa Clarita Community College District, Series 2019, GO Bonds                                                                                        | CUSIP: 801686SG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1080821.40   | 0.05%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District (Election of 2008-Measure Z)                                                                                    | Torrance Unified School District (Election of 2008-Measure Z), Series 2009, GO Bonds                                                                   | CUSIP: 891381G58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $2162127.14   | 0.10%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                         | University of California, Series 2020 BE, Ref. RB                                                                                                      | CUSIP: 91412HHJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $10821658.80  | 0.52%             | 2050-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2022, RB                        | CUSIP: 13078YUQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1003606.45   | 0.05%             | 2052-09-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    746758 | PA      | $705427.71    | 0.03%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District Public Financing Authority                                                                                         | Menifee Union School District Public Financing Authority, Series 2017 A, RB                                                                            | CUSIP: 58680NCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019321.50   | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 B, RB                                                                       | CUSIP: 82706TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12650000 | PA      | $2968307.32   | 0.14%             | 2047-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chino Valley Unified School District                                                                                                             | Chino Valley Unified School District, Series 2020 B, GO Bonds                                                                                          | CUSIP: 169583HB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10995000 | PA      | $11212956.08  | 0.54%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Loma Linda University)                                                                   | California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB                                                 | CUSIP: 130179JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1708601.68   | 0.08%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (University of La Verne)                                                                       | California (State of) Municipal Finance Authority (University of La Verne), Series 2017 A, Ref. RB                                                     | CUSIP: 13048T2T9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $589277.28    | 0.03%             | 2043-06-01      | Fixed         | 5.00%                 | 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        |    280000 | PA      | $276234.39    | 0.01%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (Greenbriar Community Facilities District No. 2018-03, Improvement Area No. 2)                                          | Sacramento (City of), CA (Greenbriar Community Facilities District No. 2018-03, Improvement Area No. 2), Series 2024, RB                               | CUSIP: 786071SQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941134.40    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                             | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                         | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $4004004.40   | 0.19%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)                                                                     | California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB                                                     | CUSIP: 13057EAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945079.80    | 0.05%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                       | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K47<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    375000 | PA      | $347628.86    | 0.02%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)                                                  | California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group), Series 2024 A, RB                                     | CUSIP: 13069ABD9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2295444.50   | 0.11%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Puerto Rico                                                                                                                        | University of Puerto Rico, Series 2006 P, Ref. RB                                                                                                      | CUSIP: 914811NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2116237.73   | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                        | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21000000 | PA      | $2261735.70   | 0.11%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                                         | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1415299.44   | 0.07%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Metropolitan Transportation Authority (Prop C)                                                                       | Los Angeles (County of), CA Metropolitan Transportation Authority (Prop C), Series 2021 A, RB                                                          | CUSIP: 54466HKW5<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   6055000 | PA      | $6382568.84   | 0.31%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)                                                                   | San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2021 A, RB                                                      | CUSIP: 79768HFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8953117.00   | 0.43%             | 2048-10-01      | Fixed         | 4.00%                 | 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        |   1425000 | PA      | $14.25        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                                | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1152170.68   | 0.06%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)                                                           | California (State of) School Finance Authority (Aspen Public Sschools Obligated Group), Series 2022 A, RB                                              | CUSIP: 13058TRJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4655000 | PA      | $4560399.69   | 0.22%             | 2062-07-01      | Fixed         | 6.25%                 | 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: 130486BC6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3015526.90   | 0.14%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2019, RB                                                  | CUSIP: 544445MC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19745000 | PA      | $19325616.20  | 0.93%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                         | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069Q24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $247430.92    | 0.01%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                          | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11543699.20  | 0.55%             | 2030-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1)                                                                      | Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1), Series 2024, RB                                                           | CUSIP: 7778706P6<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1093314.38   | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                                                              | State of California, Series 2025, GO Bonds                                                                                                             | CUSIP: 13063ELN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7802727.75   | 0.37%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                                       | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2020 A, RB                                                                          | CUSIP: 568061BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $637332.92    | 0.03%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2021 B, RB                                                                    | CUSIP: 13051ABZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    830000 | PA      | $715239.39    | 0.03%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2007 F, RB                                                                          | CUSIP: 13016NDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  55250000 | PA      | $3477059.30   | 0.17%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                                                       | City of Los Angeles Department of Airports, Series 2025, RB                                                                                            | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10433123.00  | 0.50%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   3080000 | PA      | $2876149.58   | 0.14%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Beaumont (City of), CA (Community Facilities District No. 2016-1)                                                                                | Beaumont (City of), CA (Community Facilities District No. 2016-1), Series 2019, RB                                                                     | CUSIP: 074434AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $774375.51    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | 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 A, RB                                                          | CUSIP: 13057KAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $382749.24    | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Episcopal Communities & Services)                                                   | California (State of) Health Facilities Financing Authority (Episcopal Communities & Services), Series 2024, RB                                        | CUSIP: 13032UK98<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002602.60   | 0.05%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Adelanto School District (Community Facilities District No. 4)                                                                                   | Adelanto School District (Community Facilities District No. 4), Series 2023, RB                                                                        | CUSIP: 006792CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1456659.68   | 0.07%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Calexico (City of), CA Community Facilities District No. 2005-1                                                                                  | Calexico (City of), CA Community Facilities District No. 2005-1, Series 2006, RB                                                                       | CUSIP: 129515AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $875000.00    | 0.04%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2017-77)                                                                     | Eastern Municipal Water District (Community Facilities District No. 2017-77), Series 2023, RB                                                          | CUSIP: 27627MY35<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1117485.05   | 0.05%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Orange (County of), CA Public Financing Authority (County of Orange Sheriff-Coroner)                                                       | South Orange (County of), CA Public Financing Authority (County of Orange Sheriff-Coroner), Series 2022, RB                                            | CUSIP: 839097CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10346625.00  | 0.50%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Jewish Home of San Francisco)                                                 | California (State of) Statewide Communities Development Authority (Jewish Home of San Francisco), Series 2016, RB                                      | CUSIP: 13080SPQ1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7825000 | PA      | $7121444.86   | 0.34%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral City Apartments)                                   | California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral City Apartments), Series 2002 NN-1, RB                   | CUSIP: 13077VY71<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2031051.13   | 0.10%             | 2036-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Open Door Community Health Centers)                                                           | California (State of) Municipal Finance Authority (Open Door Community Health Centers), Series 2021, RB                                                | CUSIP: 13048VSX7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3040587.76   | 0.15%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2022 B, Ref. RB                                                               | CUSIP: 13051AFJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    870000 | PA      | $923386.68    | 0.04%             | 2052-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Community Program for Persons with Developmental Disabilities)                      | California (State of) Health Facilities Financing Authority (Community Program for Persons with Developmental Disabilities), Series 2011 A, RB         | CUSIP: 13033LLD7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    570000 | PA      | $571516.77    | 0.03%             | 2026-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                                                                                            | Sulphur Springs Union School District, Series 2020, RB                                                                                                 | CUSIP: 865483GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1015086.08   | 0.05%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                               | Adelanto Public Utility Authority (Utility System), Series 2014 A, RB                                                                                  | CUSIP: 006797BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5445000 | PA      | $5199426.69   | 0.25%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIFA Custodial Trust                                                                                                                            | PRIFA Custodial Trust, Series 2005, RB                                                                                                                 | CUSIP: 69362VAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80348 | PA      | $19577.93     | 0.00%             | 2049-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                                                     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2024, RB                                                          | CUSIP: 79766DWV7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5163768.50   | 0.25%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas)                                                                                      | California (State of) Municipal Finance Authority (Caritas), Series 2021 B, Ref. RB                                                                    | CUSIP: 13049SER1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $351371.77    | 0.02%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas)                                                                                      | California (State of) Municipal Finance Authority (Caritas), Series 2021 B, Ref. RB                                                                    | CUSIP: 13049SEQ3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    295000 | PA      | $262741.63    | 0.01%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQF5<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  11974000 | PA      | $8486923.34   | 0.41%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB                                                | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5829538.82   | 0.28%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                                   | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2018, RB                                                                        | CUSIP: 544445GU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10640000 | PA      | $10904056.07  | 0.52%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)                                                                   | Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo), Series 2020, RB                                                        | CUSIP: 55646MCP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1736145.13   | 0.08%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                                | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2024 A, RB                                                   | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4206215.33   | 0.20%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     82846 | NS      | $0.08         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| California (State of) Enterprise Development Authority (Rocklin Academy (The))                                                                   | California (State of) Enterprise Development Authority (Rocklin Academy (The)), Series 2024, RB                                                        | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1294894.58   | 0.06%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                      | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3590000 | PA      | $3133178.24   | 0.15%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2020 A, Ref. RB                                                                     | CUSIP: 13016NEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $524718.81    | 0.03%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District (Community Facilities District No. 09-1)                                                                          | Irvine Unified School District (Community Facilities District No. 09-1), Series 2019 A, RB                                                             | CUSIP: 463612MZ1<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2757032.70   | 0.13%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coachella (City of), CA (Community Facilities District No. 2018-1)                                                                               | Coachella (City of), CA (Community Facilities District No. 2018-1), Series 2018, RB                                                                    | CUSIP: 189761AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1106946.56   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (City of Chula Vista-Sunbow)                                                                   | California (State of) Municipal Finance Authority (City of Chula Vista-Sunbow), Series 2024 A, RB                                                      | CUSIP: 13051AHK7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1646035.71   | 0.08%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford)                              | California (State of) Health Facilities Financing Authority (Lucile Salter Packard Children's Hospital at Stanford), Series 2017, RB                   | CUSIP: 13032UPW2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    560000 | PA      | $481025.55    | 0.02%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 A, RB                                         | CUSIP: 130923BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4441115.97   | 0.21%             | 2037-05-01      | Fixed         | 6.00%                 | 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        |    520000 | PA      | $520587.81    | 0.02%             | 2043-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                                              | California School Finance Authority, Series 2025, RB                                                                                                   | CUSIP: 13058TVK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007689.30   | 0.14%             | 2055-04-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                                         | California (State of) School Finance Authority (KIPP LA), Series 2017 A, RB                                                                            | CUSIP: 13059TEW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3099457.22   | 0.15%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                    | Hemet Unified School District, Series 2025, RB                                                                                                         | CUSIP: 423540LU5<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993513.00    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Hawking Steam Charter School)                                                                    | California (State of) School Finance Authority (Hawking Steam Charter School), Series 2022, RB                                                         | CUSIP: 13058TRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977764.10    | 0.05%             | 2062-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tracy (City of), CA Community Facilities District No. 21-1(Hillview)                                                                             | Tracy (City of), CA Community Facilities District No. 21-1(Hillview), Series 2022, RB                                                                  | CUSIP: 892376TM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2344417.92   | 0.11%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Facilities 2, Inc.                                                                                                            | Los Angeles County Facilities 2, Inc., Series 2024 A, RB                                                                                               | CUSIP: 54531PAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7843420.50   | 0.38%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (City of Elk Grove-Madeira Ranch)                                                              | California (State of) Municipal Finance Authority (City of Elk Grove-Madeira Ranch), Series 2024, RB                                                   | CUSIP: 13051AHG6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    785000 | PA      | $784367.45    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garden Grove Public Financing Authority                                                                                                          | Garden Grove Public Financing Authority, Series 2024 A, RB                                                                                             | CUSIP: 36527RBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6152377.80   | 0.29%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging)                                         | California (State of) Statewide Communities Development Authority (Buck Institute for Research on Aging), Series 2021, Ref. RB                         | CUSIP: 13080SC77<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $3617555.64   | 0.17%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Victorville (City of), CA (Community Facilities District No. 07-01)                                                                              | Victorville (City of), CA (Community Facilities District No. 07-01), Series 2012 A, RB                                                                 | CUSIP: 926434DU2<br>LEI: 5493001GUXT5JHO1TA78 | Long             | DBT              | MUN               | US        |    485000 | PA      | $485619.88    | 0.02%             | 2042-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2018 D, RB                                       | CUSIP: 79766DLH0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6219422.74   | 0.30%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                                                                                        | West Contra Costa Unified School District, Series 2005, GO Bonds                                                                                       | CUSIP: 952347RP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2486340.50   | 0.12%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                                                                                   | Temescal Valley Water District, Series 2021, RB                                                                                                        | CUSIP: 87975CBK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $777430.90    | 0.04%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                               | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760237.95    | 0.04%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2018-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2018-1), Series 2021, RB                                                               | CUSIP: 75211RME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $165728.34    | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2014-1), Series 2021, RB                                                               | CUSIP: 75211RMU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $495988.74    | 0.02%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2019 A, Ref. RB                                                                               | CUSIP: 544445JP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16710000 | PA      | $16355079.60  | 0.78%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris (City of), CA Joint Powers Authority                                                                                                      | Perris (City of), CA Joint Powers Authority, Series 2024, Ref. RB                                                                                      | CUSIP: 714376UQ1<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1272811.27   | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                | California (State of) Statewide Communities Development Authority, Series 2017, RB                                                                     | CUSIP: 13078YLB9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1153258.63   | 0.06%             | 2037-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB                                                                    | CUSIP: 13051AAS7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    755000 | PA      | $660868.03    | 0.03%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South El Monte (City of), CA Improvement District Successor Agency                                                                               | South El Monte (City of), CA Improvement District Successor Agency, Series 2015 A, Ref. RB                                                             | CUSIP: 837680AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4161228.24   | 0.20%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds)                                                           | California (State of) Municipal Finance Authority (Greenfield Commons I) (Green Bonds), Series 2023 A, RB                                              | CUSIP: 130489AA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3056534.83   | 0.15%             | 2046-09-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment)                              | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Mission Bay South Redevelopment), Series 2014 A, RB                 | CUSIP: 79770GAW6<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2808198.79   | 0.13%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)                                       | California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds), Series 2020, Ref. RB                       | CUSIP: 13032UYK8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1076970.34   | 0.05%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2006-2)                                                                         | Menifee Union School District (Community Facilities District No. 2006-2), Series 2020, Ref. RB                                                         | CUSIP: 586810Z71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $621191.72    | 0.03%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2022 C, RB                                                                    | CUSIP: 13051AFS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1995055.54   | 0.10%             | 2052-09-01      | 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: 74529JQE8<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1616000 | PA      | $1255696.32   | 0.06%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paradise Unified School District                                                                                                                 | Paradise Unified School District, Series 2023 C, GO Bonds                                                                                              | CUSIP: 699041DB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182687.63    | 0.01%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2022 B, Ref. RB                                                               | CUSIP: 13051AFH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2253936.67   | 0.11%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    876106 | PA      | $937991.94    | 0.04%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tahoe-Truckee Unified School District                                                                                                            | Tahoe-Truckee Unified School District, Series 2016 B, GO Bonds                                                                                         | CUSIP: 873884PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $965153.26    | 0.05%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                | California (State of) Statewide Communities Development Authority, Series 2021 A, RB                                                                   | CUSIP: 13078YRZ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1626415.46   | 0.08%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern California Tobacco Securitization Authority                                                                                             | Northern California Tobacco Securitization Authority, Series 2021 B-1, Ref. RB                                                                         | CUSIP: 888794BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $450306.50    | 0.02%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                     | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFX2<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    750000 | PA      | $756010.20    | 0.04%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District (Election of 2020)                                                                                      | Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds                                                                   | CUSIP: 940642GF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2646183.00   | 0.13%             | 2053-08-01      | Fixed         | 5.50%                 | 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        |   7000000 | PA      | $6784901.90   | 0.33%             | 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        |   7330000 | PA      | $7117528.22   | 0.34%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (No.1)                                                                                                | Southern California Public Power Authority (No.1), Series 2007 A, RB                                                                                   | CUSIP: 842471AW4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    205000 | PA      | $210313.13    | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Adventist Health System)                                                      | California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2018 A, Ref. RB                                    | CUSIP: 13080SWJ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1803936.25   | 0.09%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Community Facilities District No. 64                                                                                       | Ontario (City of), CA Community Facilities District No. 64, Series 2024, RB                                                                            | CUSIP: 68305GAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $2970110.35   | 0.14%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)                                   | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2002, RB                        | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15990000 | PA      | $16111001.13  | 0.77%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District (Underwood)                                                                                                             | Romoland School District (Underwood), Series 2023, RB                                                                                                  | CUSIP: 776192VN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $373207.79    | 0.02%             | 2046-09-01      | 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        |   7000000 | PA      | $6239510.20   | 0.30%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Imperial (County of), CA Community college District (Election of 2022)                                                                           | Imperial (County of), CA Community college District (Election of 2022), Series 2023 A, GO Bonds                                                        | CUSIP: 452641LM3<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1566639.90   | 0.08%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons)                                                             | Fairfield (City of), CA Community Facilities District No. 2007-1 (Fairfield Commons), Series 2008, RB                                                  | CUSIP: 304194AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $870663.33    | 0.04%             | 2038-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Community Facilities District No. 11 (Ponte Vista)                                                                     | Los Angeles (City of), CA Community Facilities District No. 11 (Ponte Vista), Series 2021, RB                                                          | CUSIP: 544386DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1400833.50   | 0.07%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1                                                        | Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 1, Series 2021, RB                                             | CUSIP: 776642AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $477238.88    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2004)                                                                                                | Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds                                                                             | CUSIP: 189342US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $642525.68    | 0.03%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village)                                           | California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB                                | CUSIP: 13067VBS2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5280230.00   | 0.25%             | 2054-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Special Tax District No. 2020-1                                                                             | San Francisco (City & County of), CA Special Tax District No. 2020-1, Series 2023, RB                                                                  | CUSIP: 79771JAC3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    850000 | PA      | $879232.35    | 0.04%             | 2050-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Special Tax District No. 2020-1                                                                             | San Francisco (City & County of), CA Special Tax District No. 2020-1, Series 2023, RB                                                                  | CUSIP: 79771JAG4<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1856978.10   | 0.09%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB                                         | CUSIP: 130923BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $1984806.40   | 0.10%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moorpark Unified School District (Election of 2008)                                                                                              | Moorpark Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                           | CUSIP: 616259EZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $679018.12    | 0.03%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District                                                                                                                | Riverside Unified School District, Series 2025, RB                                                                                                     | CUSIP: 769069Z73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1944126.00   | 0.09%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA (Nichols Ranch)                                                                                                      | Lake Elsinore (City of), CA (Nichols Ranch), Series 2024, RB                                                                                           | CUSIP: 50963NWK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1130446.78   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                                        | California (State of) School Finance Authority (Green Dot Public Schools), Series 2018 A, RB                                                           | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007210.30   | 0.05%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1)                                 | Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1), Series 2024, RB                      | CUSIP: 87970HRP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485247.40    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                       | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3028211.34   | 0.15%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oxnard (City of), CA Financing Authority                                                                                                         | Oxnard (City of), CA Financing Authority, Series 2014, Ref. RB                                                                                         | CUSIP: 691878BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $851009.38    | 0.04%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Adventist Health System)                                                      | California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2015 A, Ref. RB                                    | CUSIP: 13080SJK1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    775000 | PA      | $778948.39    | 0.04%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)                          | California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB               | CUSIP: 13012RAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530119.25   | 0.12%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tracy (City of), CA Community Facilities District No. 21-1(Hillview)                                                                             | Tracy (City of), CA Community Facilities District No. 21-1(Hillview), Series 2022, RB                                                                  | CUSIP: 892376TL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1918380.91   | 0.09%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                                     | California (State of) Housing Finance Agency, Series 2019 A, RB                                                                                        | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1540286 | PA      | $1547498.68   | 0.07%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District (Community Facilities District No. 2022-02)                                                                        | Hemet Unified School District (Community Facilities District No. 2022-02), Series 2024, RB                                                             | CUSIP: 423540KA0<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990491.70    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Lucile Salter Packard)                                                              | California (State of) Health Facilities Financing Authority (Lucile Salter Packard), Series 2022, Ref. RB                                              | CUSIP: 13032UYR3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5925000 | PA      | $5303949.80   | 0.25%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Orange County Educational Arts Academy)                                                          | California (State of) School Finance Authority (Orange County Educational Arts Academy), Series 2023, Ref. RB                                          | CUSIP: 13058TSB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $691905.62    | 0.03%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Auth (Scholarship Prep Public Schools                                                                       | California (State of) School Finance Auth (Scholarship Prep Public Schools Series 2023 A, RB                                                           | CUSIP: 13058TTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1957629.50   | 0.09%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Temecula Public Financing Authority                                                                                                              | Temecula Public Financing Authority, Series 2024, RB                                                                                                   | CUSIP: 87972YHS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $902214.63    | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaumont (City of), CA (Community Facilities District No. 2016-1)                                                                                | Beaumont (City of), CA (Community Facilities District No. 2016-1), Series 2019, RB                                                                     | CUSIP: 074434AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $144597.43    | 0.01%             | 2031-09-01      | Fixed         | 5.00%                 | 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: 13058TSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $559911.11    | 0.03%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Transbay Infrastructure)                                      | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Transbay Infrastructure), Series 2023, RB                           | CUSIP: 79770GJZ0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2306660.40   | 0.11%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                   | Palomar Health, Series 2017, COP                                                                                                                       | CUSIP: 69752RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $2032066.95   | 0.10%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern California Tobacco Securitization Authority                                                                                             | Northern California Tobacco Securitization Authority, Series 2021 A, Ref. RB                                                                           | CUSIP: 888794BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9255000 | PA      | $7889184.12   | 0.38%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area No. C)                                          | Lake Elsinore Unified School District Community Facilities District No. 2006-2 (Improvement Area No. C), Series 2020, RB                               | CUSIP: 509640YP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1417070.59   | 0.07%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Housing Agency (Verdant at Green Valley)                                                                         | California (State of) Community Housing Agency (Verdant at Green Valley), Series 2019 A, RB                                                            | CUSIP: 13013FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5360000 | PA      | $4768155.23   | 0.23%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District (Del Sur East II)                                                                                                  | Poway Unified School District (Del Sur East II), Series 2020, RB                                                                                       | CUSIP: 738855G58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1772580.20   | 0.08%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                    | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TS20<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1979356.25   | 0.09%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District (Election of 2018) (Green Bonds)                                                                               | San Diego Unified School District (Election of 2018) (Green Bonds), Series 2022 F-2, GO Bonds                                                          | CUSIP: 797356FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $16379809.25  | 0.79%             | 2052-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Beaumont (City of), CA Financing Authority (Improvement Area No. 19A)                                                                            | Beaumont (City of), CA Financing Authority (Improvement Area No. 19A), Series 2015 B, Ref. RB                                                          | CUSIP: 074406SB6<br>LEI: 549300T48VOR8NYFNT88 | Long             | DBT              | MUN               | US        |    545000 | PA      | $546954.04    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2)                                               | Beaumont Unified School District Community Facilities District No. 2020-1 (Improvement area No. 2), Series 2023, RB                                    | CUSIP: 074447AX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $865739.61    | 0.04%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Stem Preparatory Schools - Obligated Group)                                                      | California (State of) School Finance Authority (Stem Preparatory Schools - Obligated Group), Series 2023 A, RB                                         | CUSIP: 13058TRW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476774.00    | 0.02%             | 2053-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Santa Barbara (County of), CA                                                                                                                    | Santa Barbara (County of), CA, Series 2018 B, COP                                                                                                      | CUSIP: 80136PCW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5109740.00   | 0.24%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Hazelden Betty Ford Foundation)                                                                  | California (State of) Public Finance Authority (Hazelden Betty Ford Foundation), Series 2025, RB                                                       | CUSIP: 13056HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2721917.28   | 0.13%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                          | Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                               | CUSIP: 777870P26<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $836022.20    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Kendal at Ventura)                                                                               | California (State of) Public Finance Authority (Kendal at Ventura), Series 2023 A-C, RB                                                                | CUSIP: 13057GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3603952.96   | 0.17%             | 2028-05-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                                       | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2020 B, RB                                                                          | CUSIP: 568061CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $614788.58    | 0.03%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista (City of), CA Community Facilities District No. 16-1 (Improvement Area No. 2)                                                        | Chula Vista (City of), CA Community Facilities District No. 16-1 (Improvement Area No. 2), Series 2021, RB                                             | CUSIP: 171312KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1483806.28   | 0.07%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District                                                                                                                  | Compton Unified School District, Series 2019 B, GO Bonds                                                                                               | CUSIP: 204736FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $863795.79    | 0.04%             | 2035-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                                                       | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2015, RB                                            | CUSIP: 13059TBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1257866.67   | 0.06%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                                         | California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB                                                                            | CUSIP: 13059TBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481895.65    | 0.02%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC)   | California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC), Series | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200562.44   | 0.06%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (North Natomas Community Facilities District No. 4)                                                                     | Sacramento (City of), CA (North Natomas Community Facilities District No. 4), Series 2015, Ref. RB                                                     | CUSIP: 786071LA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1293363.03   | 0.06%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (No.1)                                                                                                | Southern California Public Power Authority (No.1), Series 2007 A, RB                                                                                   | CUSIP: 842471AV6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2313524.02   | 0.11%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                                         | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $507715.51    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                          | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4985000 | PA      | $4462267.92   | 0.21%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority (Renaissance at City Center)                                                                               | CSCDA Community Improvement Authority (Renaissance at City Center), Series 2020 A, RB                                                                  | CUSIP: 126292AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2944126.90   | 0.14%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                           | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB                           | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931112.20    | 0.04%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                                             | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2024 A, Ref. RB                                           | CUSIP: 13080ST61<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6540000 | PA      | $6590357.35   | 0.32%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                                                 | San Joaquin Hills Transportation Corridor Agency, Series 2014 B, Ref. RB                                                                               | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $635098.55    | 0.03%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    901999 | PA      | $945525.14    | 0.05%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                                                                                            | Sulphur Springs Union School District, Series 2024 A, RB                                                                                               | CUSIP: 865483JH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2695062.43   | 0.13%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Sonoma County Junior College)                                                                    | California (State of) School Finance Authority (Sonoma County Junior College), Series 2021, RB                                                         | CUSIP: 13059AAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2110554.63   | 0.10%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Westpark-Federico Community Facilities District)                                                                        | Roseville (City of), CA (Westpark-Federico Community Facilities District), Series 2022, RB                                                             | CUSIP: 7778702U9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2735980.55   | 0.13%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2023-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2023-1), Series 2024, RB                                                               | CUSIP: 75211RRN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476734.10   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)                                                        | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2021 A, Ref. RB                                      | CUSIP: 13032UB23<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  20690000 | PA      | $18563980.43  | 0.89%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                                | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                                | CUSIP: 13032UY44<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5925000 | PA      | $5052512.35   | 0.24%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corona Community Facilities District (Bedford Improvement Area No. 1)                                                                            | Corona Community Facilities District (Bedford Improvement Area No. 1), Series 2024, RB                                                                 | CUSIP: 219680HF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1592045.92   | 0.08%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Adventist Health System)                                                      | California (State of) Statewide Communities Development Authority (Adventist Health System), Series 2018 A, Ref. RB                                    | CUSIP: 13080SWG5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1178244.79   | 0.06%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02)                                    | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2016-02), Series 2020, RB                         | CUSIP: 13077EHR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2030597.24   | 0.10%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Public Utilities Commission                                                                                 | San Francisco (City & County of), CA Public Utilities Commission, Series 2024 D, RB                                                                    | CUSIP: 79768HLG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4878748.88   | 0.23%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2022, Ref. GO Bonds                                                                                                      | CUSIP: 13063D2G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11370000 | PA      | $12075994.00  | 0.58%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                         | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB                                                            | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8395977.60   | 0.40%             | 2028-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                    | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 A, RB                                       | CUSIP: 79773NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1838696.60   | 0.09%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Piedmont Unified School District                                                                                                                 | Piedmont Unified School District, Series 2019, GO Bonds                                                                                                | CUSIP: 720135SH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $58346.72     | 0.00%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2015-1)                                                                    | West Patterson Financing Authority (Community Facilities District No. 2015-1), Series 2015, RB                                                         | CUSIP: 955232EW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1551176.30   | 0.07%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds)                                                                   | San Francisco (City & County of), CA Public Utilities Commission (Green Bonds), Series 2024 C, RB                                                      | CUSIP: 79768HKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11865000 | PA      | $12173786.63  | 0.58%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                                | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $1829143.00   | 0.09%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB                                       | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  47500000 | PA      | $46876695.50  | 2.25%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Community Facilities District No. 25 (Park Place Facilities Phase II)                                                      | Ontario (City of), CA Community Facilities District No. 25 (Park Place Facilities Phase II), Series 2019, RB                                           | CUSIP: 68303WAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996410.10    | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA                                                                                                                      | Lake Elsinore (City of), CA, Series 2021, RB                                                                                                           | CUSIP: 50963NTL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $577282.86    | 0.03%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Social Bonds)                                                                                 | California (State of) Municipal Finance Authority (Social Bonds), Series 2019 A, Ref. RB                                                               | CUSIP: 13048VMY1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    840000 | PA      | $851687.76    | 0.04%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Grove School District (Election of 2008)                                                                                                     | Oak Grove School District (Election of 2008), Series 2018 E, Ref. GO Bonds                                                                             | CUSIP: 671205X49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5755000 | PA      | $3361735.48   | 0.16%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| El Centro (City of), CA Financing Authority (Police Station)                                                                                     | El Centro (City of), CA Financing Authority (Police Station), Series 2023 A, RB                                                                        | CUSIP: 28282RCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1900695.40   | 0.09%             | 2047-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch)                                                                   | Orange (County of), CA Community Facilities District No. 2021-1 (Ladera Ranch), Series 2022 A, RB                                                      | CUSIP: 68423PZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004809.70   | 0.05%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Episcopal Communities & Services)                                                   | California (State of) Health Facilities Financing Authority (Episcopal Communities & Services), Series 2024, RB                                        | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3689826.38   | 0.18%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                                                          | Los Angeles Department of Water & Power, Series 2017, RB                                                                                               | CUSIP: 5444953R3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $20705267.10  | 0.99%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA (El Parador Apartments)                                                                                                   | San Jose (City of), CA (El Parador Apartments), Series 2000 A, RB                                                                                      | CUSIP: 798165DN3<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3096881.55   | 0.15%             | 2041-01-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (William Jessup University)                                                                    | California (State of) Municipal Finance Authority (William Jessup University), Series 2019, Ref. RB                                                    | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1163719.62   | 0.06%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (University of Redlands)                                                                  | California (State of) Educational Facilities Authority (University of Redlands), Series 2022 A, RB                                                     | CUSIP: 130179UR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2198039.85   | 0.11%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                                                                                   | Alvord Unified School District, Series 2023 A, GO Bonds                                                                                                | CUSIP: 022555XZ4<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10289202.00  | 0.49%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                             | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $614089.30    | 0.03%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo)                                                                   | Madera (County of), CA Community Facilities District No. 2017-1 (Tesoro Viejo), Series 2020, RB                                                        | CUSIP: 55646MCQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $2860100.08   | 0.14%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2007 E, RB                                                                          | CUSIP: 13016NDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  51500000 | PA      | $3355286.80   | 0.16%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2)                                                           | Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2), Series 2021 A, RB                                              | CUSIP: 91535NDZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $139476.22    | 0.01%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                                            | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                         | CUSIP: 284047HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4430000 | PA      | $3344071.89   | 0.16%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Value Schools)                                                                                   | California (State of) School Finance Authority (Value Schools), Series 2023 A, Ref. RB                                                                 | CUSIP: 13059THM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $694314.88    | 0.03%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Delta Coves)                                                                  | California (State of) Statewide Communities Development Authority (Delta Coves), Series 2022, RB                                                       | CUSIP: 13077ELE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3136627.52   | 0.15%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                                             | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2018 A, Ref. RB                                           | CUSIP: 13080STN4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4635000 | PA      | $4573824.49   | 0.22%             | 2057-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 A, RB                                    | CUSIP: 13016NCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  62110000 | PA      | $16278223.57  | 0.78%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2)                                                           | Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2), Series 2021 A, RB                                              | CUSIP: 91535NEA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $208883.71    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                                                          | Bay Area Toll Authority, Series 2024 H, VRD RB                                                                                                         | CUSIP: 072024C59<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.10%             | 2059-04-01      | Variable      | 2.55%                 | 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        |    493882 | PA      | $488583.34    | 0.02%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Bakersfield (City of), CA (Assessment District No. 07-2)                                                                                         | Bakersfield (City of), CA (Assessment District No. 07-2), Series 2008, RB                                                                              | CUSIP: 057510K99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $558695.36    | 0.03%             | 2028-09-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                 | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380258.14    | 0.02%             | 2037-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| San Jacinto Unified School District Financing Authority                                                                                          | San Jacinto Unified School District Financing Authority, Series 2017, Ref. RB                                                                          | CUSIP: 797860AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160515.04    | 0.01%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson (City of), CA Public Financing Authority                                                                                                  | Carson (City of), CA Public Financing Authority, Series 2019, RB                                                                                       | CUSIP: 14601GBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $580687.04    | 0.03%             | 2030-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA (Valley Children's Hospital)                                                                                              | Madera (County of), CA (Valley Children's Hospital), Series 1995, COP                                                                                  | CUSIP: 556902BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56787.03     | 0.00%             | 2028-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                         | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069Q40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $499392.30    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District (Capital)                                                                                                   | Los Alamitos Unified School District (Capital), Series 2012, COP                                                                                       | CUSIP: 544204DP2<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1314987.24   | 0.06%             | 2034-08-01      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| San Jacinto Unified School District (Community Facilities District No. 2020-1)                                                                   | San Jacinto Unified School District (Community Facilities District No. 2020-1), Series 2022, RB                                                        | CUSIP: 797867KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $600056.18    | 0.03%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District (Election of 2020)                                                                                      | Washington Township Health Care District (Election of 2020), Series 2023 B, GO Bonds                                                                   | CUSIP: 940642GE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1723901.56   | 0.08%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                           | California Municipal Finance Authority, Series 2024, RB                                                                                                | CUSIP: 13049SGB4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003203.50   | 0.05%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Loma Linda University)                                                                   | California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB                                                 | CUSIP: 130179JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973193.70    | 0.05%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1)                                                   | Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1), Series 2024, RB                                        | CUSIP: 344414GN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $410641.26    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | 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        |   6400000 | PA      | $6461737.60   | 0.31%             | 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        |    342000 | PA      | $326276.14    | 0.02%             | 2040-07-01      | Fixed         | 4.55%                 | 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        |   1730779 | PA      | $1665209.65   | 0.08%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                                | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $539662.62    | 0.03%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                                                                                       | Lammersville Joint Unified School District, Series 2020, RB                                                                                            | CUSIP: 513533FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234973.35    | 0.01%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                     | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFY0<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000273.40   | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $3566410.00   | 0.17%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2016-75)                                                                     | Eastern Municipal Water District (Community Facilities District No. 2016-75), Series 2021, RB                                                          | CUSIP: 27627MZM2<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    540000 | PA      | $447466.52    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clovis (City of), CA Public Financing Authority                                                                                                  | Clovis (City of), CA Public Financing Authority, Series 2008 A, RB                                                                                     | CUSIP: 18933PAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30037.34     | 0.00%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Calexico (City of), CA Community Facilities District No. 2005-1                                                                                  | Calexico (City of), CA Community Facilities District No. 2005-1, Series 2006, RB                                                                       | CUSIP: 129515AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $813750.00    | 0.04%             | 2036-09-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                                              | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                                   | CUSIP: 13049YBD2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5130351.50   | 0.25%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                  | Foothill-Eastern Transportation Corridor Agency, Series 2021 C, Ref. RB                                                                                | CUSIP: 345105JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1617201.03   | 0.08%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)                                     | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), Series 2020, RB                          | CUSIP: 13077EJC5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1235657.55   | 0.06%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1)                                                                       | Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1), Series 2011 A, RB                                                          | CUSIP: 096441EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1782082.07   | 0.09%             | 2038-05-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Turning Point Schools)                                                                        | California (State of) Municipal Finance Authority (Turning Point Schools), Series 2024, Ref. RB                                                        | CUSIP: 13048VS82<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1192515.35   | 0.06%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Social Bonds)                                                                                 | California (State of) Municipal Finance Authority (Social Bonds), Series 2019 A, Ref. RB                                                               | CUSIP: 13048VNA2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2342092.86   | 0.11%             | 2049-11-01      | Fixed         | 5.00%                 | 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        |     65000 | PA      | $56325.70     | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                                                         | Washington Township Health Care District, Series 2023 A, RB                                                                                            | CUSIP: 940204GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242648.08    | 0.01%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA                                                                                                                            | Ontario (City of), CA, Series 2023, RB                                                                                                                 | CUSIP: 68304NFK0<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2359280.48   | 0.11%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Santa Monica (City of), CA Redevelopment Agency                                                                                                  | Santa Monica (City of), CA Redevelopment Agency, Series 2011, RB                                                                                       | CUSIP: 802447FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2605158.40   | 0.12%             | 2042-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Elsinore Valley Municipal Water District                                                                                                         | Elsinore Valley Municipal Water District, Series 2021 A, RB                                                                                            | CUSIP: 290322DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2372279.18   | 0.11%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pittsburg Unified School District Financing Authority (Pittsburg Unified School District Bond Program)                                           | Pittsburg Unified School District Financing Authority (Pittsburg Unified School District Bond Program), Series 2019, RB                                | CUSIP: 724586BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5062328.50   | 0.24%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds)                                       | California (State of) Health Facilities Financing Authority (On Lok Senior Health Services) (Social Bonds), Series 2020, Ref. RB                       | CUSIP: 13032UYH5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    700000 | PA      | $709606.80    | 0.03%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Dorado Irrigation District                                                                                                                    | El Dorado Irrigation District, Series 2020 A, COP                                                                                                      | CUSIP: 283059GD9<br>LEI: 54930090GZM9I8KVSN04 | Long             | DBT              | MUN               | US        |  15330000 | PA      | $13552012.80  | 0.65%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Unified School District Community Facilities District No. 2017-2                                                                   | Lake Elsinore Unified School District Community Facilities District No. 2017-2, Series 2024, RB                                                        | CUSIP: 509640B49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $830502.19    | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rialto Unified School District                                                                                                                   | Rialto Unified School District, Series 2019 A, GO Bonds                                                                                                | CUSIP: 762494RS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8125000 | PA      | $3597862.13   | 0.17%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Orange County Community College District                                                                                                   | North Orange County Community College District, Series 2022 C, GO Bonds                                                                                | CUSIP: 661334GN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22000000 | PA      | $20447442.40  | 0.98%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB                                       | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10383948.00  | 0.50%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Harbor Springs Obligated Group)                                                                  | California (State of) School Finance Authority (Harbor Springs Obligated Group), Series 2024, RB                                                       | CUSIP: 13058TTL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2262217.05   | 0.11%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Marcos Unified School District (Community Facilities District No. 7)                                                                         | San Marcos Unified School District (Community Facilities District No. 7), Series 2019, RB                                                              | CUSIP: 798762MH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750362.25    | 0.04%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Elementary School District (Election of 2014)                                                                                             | Perris Elementary School District (Election of 2014), Series 2014 A, GO Bonds                                                                          | CUSIP: 714369CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290708.09    | 0.01%             | 2025-07-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement)                                                                      | San Luis Obispo (County of), CA Financing Authority (Lopez Dam Improvement), Series 2011 A, Ref. RB                                                    | CUSIP: 798693CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501745.55   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002, RB                                           | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2169457.98   | 0.10%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1)                                     | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2015-1), Series 2020, RB                          | CUSIP: 13077EJD3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1635480.40   | 0.08%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (California Baptist University)                                                                | California (State of) Municipal Finance Authority (California Baptist University), Series 2016 A, RB                                                   | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928554.20    | 0.04%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Islands (Commonwealth of) Ports Authority                                                                                       | Northern Mariana Islands (Commonwealth of) Ports Authority, Series 2005 A, RB                                                                          | CUSIP: 66537RBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1109086.94   | 0.05%             | 2031-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coachella (City of), CA (Community Facilities District No. 2018-1)                                                                               | Coachella (City of), CA (Community Facilities District No. 2018-1), Series 2018, RB                                                                    | CUSIP: 189761AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $454433.63    | 0.02%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Front Porch Communities & Services)                                           | California (State of) Statewide Communities Development Authority (Front Porch Communities & Services), Series 2017 A, Ref. RB                         | CUSIP: 13080SSE5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3312093.39   | 0.16%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Green Dot Public Schools)                                                                        | California (State of) School Finance Authority (Green Dot Public Schools), Series 2015 A, RB                                                           | CUSIP: 13059TCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2224048.17   | 0.11%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                      | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3629670.40   | 0.17%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                                         | Guam (Territory of) Waterworks Authority, Series 2020 A, RB                                                                                            | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3313703.59   | 0.16%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                                                      | California Educational Facilities Authority, Series 2025, RB                                                                                           | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7766865.75   | 0.37%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coachella (City of), CA (Community Facilities District No. 2018-1)                                                                               | Coachella (City of), CA (Community Facilities District No. 2018-1), Series 2018, RB                                                                    | CUSIP: 189761AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2014537.96   | 0.10%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                               | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27610000 | PA      | $5549772.90   | 0.27%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                                                                                    | Menifee Union School District, Series 2020 C, GO Bonds                                                                                                 | CUSIP: 586807JP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1305954.90   | 0.06%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (American Heritage Education Foundation)                                                       | California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB                                     | CUSIP: 13049AAG8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2904938.93   | 0.14%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (The Gardens Phase One)                                                                                                    | Fontana (City of), CA (The Gardens Phase One), Series 2024, RB                                                                                         | CUSIP: 344630P85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2785407.63   | 0.13%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lathrop (City of), CA (Community Facilities District No. 03-2)                                                                                   | Lathrop (City of), CA (Community Facilities District No. 03-2), Series 2003, RB                                                                        | CUSIP: 51825PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2526033.64   | 0.12%             | 2033-09-01      | Fixed         | 7.00%                 | 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 2024, RB                                               | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $28290253.75  | 1.36%             | 2032-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District (Election of 2004)                                                                                           | Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds                                                                        | CUSIP: 828641UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2353482.84   | 0.11%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                                                  | California Community Choice Financing Authority, Series 2025, RB                                                                                       | CUSIP: 13013JFX9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7656450.00   | 0.37%             | 2035-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas)                                                                                      | California (State of) Municipal Finance Authority (Caritas), Series 2017 A, Ref. RB                                                                    | CUSIP: 13049SCQ5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1018100.53   | 0.05%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                                                     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2025, RB                                                          | CUSIP: 79766DXP9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5060123.00   | 0.24%             | 2055-05-01      | Fixed         | 5.25%                 | 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 A, RB                                                          | CUSIP: 13057KAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $548297.82    | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority                                                                                                | California (State of) Municipal Finance Authority, Series 2024 D, RB                                                                                   | CUSIP: 13051AKB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990874.20    | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (City of Elk Grove-Madeira Ranch)                                                              | California (State of) Municipal Finance Authority (City of Elk Grove-Madeira Ranch), Series 2024, RB                                                   | CUSIP: 13051AHH4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $727286.78    | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Stanford Health Care)                                                               | California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB                                             | CUSIP: 13032UVN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13264935.00  | 0.64%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (Various Capital)                                                                                       | California (State of) Public Works Board (Various Capital), Series 2021 B, RB                                                                          | CUSIP: 13068XBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16640000 | PA      | $15194900.86  | 0.73%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                                                                                                 | Eastern Municipal Water District, Series 2025, RB                                                                                                      | CUSIP: 27627M5S2<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981650.40    | 0.05%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public School)                                                                            | California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB                                                            | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2318184.33   | 0.11%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)                                                        | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB                                        | CUSIP: 13032UBH0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004813.40   | 0.05%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)                                                                | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB                                                   | CUSIP: 68423PWC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1809869.68   | 0.09%             | 2045-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2016-1 (Village of Esencia)                                                             | Orange (County of), CA Community Facilities District No. 2016-1 (Village of Esencia), Series 2016 A, RB                                                | CUSIP: 68423PWT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1372606.70   | 0.07%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Crossroads Christian Schools)                                                                    | California (State of) Public Finance Authority (Crossroads Christian Schools), Series 2020, RB                                                         | CUSIP: 13057KAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $830003.90    | 0.04%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                               | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2055166.13   | 0.10%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA Financing Authority (Project Area No. 2)                                                                               | Palm Desert (City of), CA Financing Authority (Project Area No. 2), Series 2003, RB                                                                    | CUSIP: 696617LJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40156.65     | 0.00%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino (City of), CA                                                                                                                     | San Bernardino (City of), CA, Series 2022, RB                                                                                                          | CUSIP: 796794CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $557576.42    | 0.03%             | 2047-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2022-2                                                                                         | Romoland School District Community Facilities No. 2022-2, Series 2024, RB                                                                              | CUSIP: 776192WR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $376619.66    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                                  | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB                                                                                     | CUSIP: 54241AAW3<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1084151.98   | 0.05%             | 2030-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Port Authority                                                                                                    | Virgin Islands (Government of) Port Authority, Series 2014 A, Ref. RB                                                                                  | CUSIP: 927674AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1618443.12   | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)                                                                 | Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2017, RB                                                      | CUSIP: 76911FUJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $535018.83    | 0.03%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB                                                                                | CUSIP: 79739GNA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2880000 | PA      | $2907923.62   | 0.14%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Community Facilities District No. 40 (Emerald Park Facilities)                                                             | Ontario (City of), CA Community Facilities District No. 40 (Emerald Park Facilities), Series 2020, RB                                                  | CUSIP: 68305EAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $634108.33    | 0.03%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2023 B, RB                                                                    | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1401878.61   | 0.07%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2022-2                                                                                         | Romoland School District Community Facilities No. 2022-2, Series 2024, RB                                                                              | CUSIP: 776192WT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $840272.80    | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center)                                                         | California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB                                            | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2350418.22   | 0.11%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                                           | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2024, RB                                                | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1381933.58   | 0.07%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2021, Ref. RB                                                                                 | CUSIP: 544445SQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3660945.05   | 0.18%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                                                 | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                              | CUSIP: 586807DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $645020.39    | 0.03%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara (County of), CA Housing Authority (Rivertown Apartments)                                                                             | Santa Clara (County of), CA Housing Authority (Rivertown Apartments), Series 2001 A, RB                                                                | CUSIP: 801617EN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2111996.37   | 0.10%             | 2041-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                                    | Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB                                                                                       | CUSIP: 89356CBL9<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255014.13    | 0.01%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1 (Treasure Island)                                                  | San Francisco (City & County of), CA Community Facilities District No. 2016-1 (Treasure Island), Series 2022, RB                                       | CUSIP: 79773LAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1600655.20   | 0.08%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hollister Joint Powers Financing Authority                                                                                                       | Hollister Joint Powers Financing Authority, Series 2016, Ref. RB                                                                                       | CUSIP: 43564PCU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1293047.45   | 0.06%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                            | Los Angeles (City of), CA Department of Water & Power, Series 2023 C-1, VRD RB                                                                         | CUSIP: 544532HC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.14%             | 2057-07-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Murrieta (City of), CA (Community Facilities District No. 2005-5)                                                                                | Murrieta (City of), CA (Community Facilities District No. 2005-5), Series 2017, RB                                                                     | CUSIP: 62718PRZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $658784.72    | 0.03%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds)                                                                       | California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2024, Ref. RB                                                       | CUSIP: 13049SGD0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1575789.76   | 0.08%             | 2059-08-15      | Fixed         | 5.00%                 | 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: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $19.00        | 0.00%             | 2039-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                          | Mountain House Public Financing Authority (Green Bonds), Series 2023, RB                                                                               | CUSIP: 62412PCN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $1984067.66   | 0.10%             | 2048-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                                  | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB                                                                                     | CUSIP: 54241AAU7<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52644.24     | 0.00%             | 2028-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                                | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                                | CUSIP: 13032UY36<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    210000 | PA      | $220963.89    | 0.01%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palomar Health)                                                                               | California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP                                                            | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5449675.14   | 0.26%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority (San Francisco Bay Area)                                                                                                 | Bay Area Toll Authority (San Francisco Bay Area), Series 2017, Ref. RB                                                                                 | CUSIP: 072024VS8<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    630000 | PA      | $564963.02    | 0.03%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (El Camino Hospital)                                                                 | California (State of) Health Facilities Financing Authority (El Camino Hospital), Series 2015 A, Ref. RB                                               | CUSIP: 13033L8M2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2130331.22   | 0.10%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2)                                                                 | Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB                                                      | CUSIP: 616874RP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $437033.15    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of)                                                                                                                              | Guam (Territory of), Series 2021 F, Ref. RB                                                                                                            | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1112056.50   | 0.05%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (No.1)                                                                                                | Southern California Public Power Authority (No.1), Series 2007 A, RB                                                                                   | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2186188.80   | 0.10%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremont Community Facilities District No. 1 (Pacific Commons)                                                                                    | Fremont Community Facilities District No. 1 (Pacific Commons), Series 2015, Ref. RB                                                                    | CUSIP: 357129CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $815857.87    | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Merced County Tobacco Funding Corp.), Series 2020, Ref. RB                                 | CUSIP: 13016NGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3005502.14   | 0.14%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (St. Ignatius College Preparatory)                                                             | California (State of) Municipal Finance Authority (St. Ignatius College Preparatory), Series 2024 A, RB                                                | CUSIP: 13048VV21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529355.15   | 0.07%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA                                                                                                                      | Lake Elsinore (City of), CA, Series 2021, RB                                                                                                           | CUSIP: 50963NTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $387254.34    | 0.02%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Menifee (City of), CA                                                                                                                            | Menifee (City of), CA, Series 2024, RB                                                                                                                 | CUSIP: 58680WFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972644.20    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1                                                                             | Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2021, RB                                                                  | CUSIP: 50963NUE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $353553.40    | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public School)                                                                            | California (State of) School Finance Authority (Aspire Public School), Series 2016, Ref. RB                                                            | CUSIP: 13058TMA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $638377.12    | 0.03%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                                                         | Washington Township Health Care District, Series 2023 A, RB                                                                                            | CUSIP: 940204GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522589.15    | 0.03%             | 2048-07-01      | Fixed         | 5.75%                 | 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 2006 C, RB                      | CUSIP: 13016NCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 332360000 | PA      | $31875816.70  | 1.53%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Leandro Unified School District (Election of 2020)                                                                                           | San Leandro Unified School District (Election of 2020), Series 2022 B, GO Bonds                                                                        | CUSIP: 798458WA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11700000 | PA      | $12165360.48  | 0.58%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2002, RB                                      | CUSIP: 13016NBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1362080.39   | 0.07%             | 2035-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Garvee)                                                                                 | Virgin Islands (Government of) Public Finance Authority (Garvee), Series 2015, RB                                                                      | CUSIP: 927676UF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004582.70   | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                                                    | Perris Joint Powers Authority, Series 2025, RB                                                                                                         | CUSIP: 714376VD9<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1466245.65   | 0.07%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 2                                                        | Root Creek Water District Community Facilities District No. 2016-1 Improvement Area No. 2, Series 2021, RB                                             | CUSIP: 776643AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $778652.92    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Samuel Merritt University)                                                                    | California (State of) Municipal Finance Authority (Samuel Merritt University), Series 2022, RB                                                         | CUSIP: 13048VF37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11880829.40  | 0.57%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                          | Roseville (City of), CA (Ranch at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                               | CUSIP: 777870N93<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    450000 | PA      | $390768.71    | 0.02%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                                       | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2018 B, RB                                                                          | CUSIP: 568061BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253962.35    | 0.01%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton (City of), CA Community Facilities District (Westlake Villages II)                                                                      | Stockton (City of), CA Community Facilities District (Westlake Villages II), Series 2024, RB                                                           | CUSIP: 861341TH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526300.64    | 0.03%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                                    | Transbay Joint Powers Authority (Green Bonds), Series 2020 B, RB                                                                                       | CUSIP: 89356CBM7<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301177.08    | 0.01%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (Convention Center Complex)                                                                                             | Sacramento (City of), CA (Convention Center Complex), Series 2018 A, RB                                                                                | CUSIP: 786073AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003238.40   | 0.10%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District (Election of 2008)                                                                                         | San Mateo Foster City School District (Election of 2008), Series 2010, GO Bonds                                                                        | CUSIP: 799055LS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1073971.48   | 0.05%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Value Schools)                                                                                   | California (State of) School Finance Authority (Value Schools), Series 2016 A, RB                                                                      | CUSIP: 13059TDK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $632161.50    | 0.03%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village)                                           | California (State of) Enterprise Development Authority (Riverside County-Mead Valley Wellness Village), Series 2024, RB                                | CUSIP: 13067VBT0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |  22500000 | PA      | $24311769.75  | 1.17%             | 2059-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |         4 | PA      | $3.29         | 0.00%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    461987 | PA      | $462315.38    | 0.02%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (San Diego County Water Authority)                                                   | California (State of) Pollution Control Financing Authority (San Diego County Water Authority), Series 2019, Ref. RB                                   | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2474343.25   | 0.12%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District (Election of 2006)                                                                                            | Palomar Community College District (Election of 2006), Series 2010, GO Bonds                                                                           | CUSIP: 697511BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $2957487.22   | 0.14%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2024, RB                        | CUSIP: 13078YVG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1102479.73   | 0.05%             | 2049-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1)                                                                       | Blythe (City of), CA Redevelopment Agency Successor Agency (Project No. 1), Series 2015, Ref. RB                                                       | CUSIP: 096444BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002114.30   | 0.05%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Municipal Utility District (Green Bonds)                                                                                | Sacramento (City of), CA Municipal Utility District (Green Bonds), Series 2020 H, RB                                                                   | CUSIP: 786005C89<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4590564.00   | 0.22%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public School)                                                                            | California (State of) School Finance Authority (Aspire Public School), Series 2015 A, Ref. RB                                                          | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928571.60    | 0.04%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Turning Point Schools)                                                                        | California (State of) Municipal Finance Authority (Turning Point Schools), Series 2024, Ref. RB                                                        | CUSIP: 13048VS74<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1003904.45   | 0.05%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                         | University of California, Series 2018 AZ, Ref. RB                                                                                                      | CUSIP: 91412HBB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20222948.00  | 0.97%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village)                                                                | Orange (County of), CA Community Facilities District No. 2015-1 (Esencia Village), Series 2015 A, RB                                                   | CUSIP: 68423PWA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125219.16    | 0.01%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                                                      | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2016 B, Ref. RB                                                    | CUSIP: 13032UXH6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  21350000 | PA      | $21287730.59  | 1.02%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                  | Foothill-Eastern Transportation Corridor Agency, Series 2015, Ref. RB                                                                                  | CUSIP: 345105HZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $1929082.51   | 0.09%             | 2035-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (The Gardens Phase One)                                                                                                    | Fontana (City of), CA (The Gardens Phase One), Series 2024, RB                                                                                         | CUSIP: 344630P77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3023336.42   | 0.14%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (North Natomas Community Facilities District No. 4)                                                                     | Sacramento (City of), CA (North Natomas Community Facilities District No. 4), Series 2015, Ref. RB                                                     | CUSIP: 786071LB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1077604.94   | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)                                                      | Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2022, RB                                           | CUSIP: 54531MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994332.80   | 0.10%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                                      | California State University, Series 2024 A, RB                                                                                                         | CUSIP: 13077DUT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16171935.00  | 0.78%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street)                                                        | California (State of) Infrastructure & Economic Development Bank (UCSF 2130 Third Street), Series 2017, RB                                             | CUSIP: 13034ATY6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2837293.39   | 0.14%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 13078YUY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1876010.63   | 0.09%             | 2053-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                                              | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                                   | CUSIP: 13049YBK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5901040.17   | 0.28%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)                          | California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB               | CUSIP: 13012RAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $675527.08    | 0.03%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2020 A, Ref. RB                                                                     | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1127474.52   | 0.05%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Signal Hill (City of), CA Redevelopment Agency Successor Agency (Signal Hill Redevelopment Project No. 1)                                        | Signal Hill (City of), CA Redevelopment Agency Successor Agency (Signal Hill Redevelopment Project No. 1), Series 2011, RB                             | CUSIP: 826642KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $712000.71    | 0.03%             | 2026-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                         | University of California, Series 2025, RB                                                                                                              | CUSIP: 91412HWA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10535896.00  | 0.50%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 B, RB                                         | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3136983.34   | 0.15%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Compton (City of), CA Public Finance Authority (Various Capital)                                                                                 | Compton (City of), CA Public Finance Authority (Various Capital), Series 2008, Ref. RB                                                                 | CUSIP: 204726AM5<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |    635000 | PA      | $635464.95    | 0.03%             | 2027-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                    | Hemet Unified School District, Series 2025, RB                                                                                                         | CUSIP: 423540LT8<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1757456.65   | 0.08%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                                    | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2023, RB                                                         | CUSIP: 79773LAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $965592.67    | 0.05%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                                                                                                 | Stockton Unified School District, Series 2025, GO Bonds                                                                                                | CUSIP: 861419H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8253555.20   | 0.40%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District (Del Sur East II)                                                                                                  | Poway Unified School District (Del Sur East II), Series 2020, RB                                                                                       | CUSIP: 738855J63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2001612.87   | 0.10%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA Community Facilities District No. 45                                                                                       | Ontario (City of), CA Community Facilities District No. 45, Series 2020, RB                                                                            | CUSIP: 68305FAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $250328.54    | 0.01%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23740000 | PA      | $23322092.91  | 1.12%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority (Green Bonds)                                                                                          | San Joaquin Valley Clean Energy Authority (Green Bonds), Series 2025, RB                                                                               | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10842186.00  | 0.52%             | 2035-07-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement)                                                              | San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement), Series 2024, Ref. RB                                              | CUSIP: 797299QW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12788361.25  | 0.61%             | 2054-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Valley (City of), CA Sanitary District                                                                                                           | Valley (City of), CA Sanitary District, Series 2005, RB                                                                                                | CUSIP: 920068AS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1325152.49   | 0.06%             | 2030-09-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District                                                                                                                    | Menifee Union School District, Series 2020 C, GO Bonds                                                                                                 | CUSIP: 586807JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1672716.76   | 0.08%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (New Designs Charter School)                                                                      | California (State of) School Finance Authority (New Designs Charter School), Series 2024, Ref. RB                                                      | CUSIP: 130591BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1190149.48   | 0.06%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blythe (City of), CA Community Facilities District No. 2004-1                                                                                    | Blythe (City of), CA Community Facilities District No. 2004-1, Series 2005, RB                                                                         | CUSIP: 09643LAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501535.00    | 0.02%             | 2035-09-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada)                                                   | California (State of) Municipal Finance Authority (Goodwill Industries of Sacramento & Nevada), Series 2012, RB                                        | CUSIP: 13048TNG4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $1939442.13   | 0.09%             | 2042-01-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Transbay Infrastructure)                                      | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Transbay Infrastructure), Series 2023, RB                           | CUSIP: 79770GKA3<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2457569.49   | 0.12%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Westside Neighborhood School)                                                                 | California (State of) Municipal Finance Authority (Westside Neighborhood School), Series 2024, RB                                                      | CUSIP: 130497AX8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1871122.14   | 0.09%             | 2054-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| City of Menifee CA                                                                                                                               | City of Menifee CA, Series 2025, RB                                                                                                                    | CUSIP: 58680WFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $592221.67    | 0.03%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Kaiser Permanente)                                                                  | California (State of) Health Facilities Financing Authority (Kaiser Permanente), Subseries 2017 A-2, RB                                                | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10662243.00  | 0.51%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2007-01)                                    | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2007-01), Series 2015, Ref. RB                    | CUSIP: 13077EEL0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502447.70   | 0.07%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial (County of), CA (Community Facilities District No. 2004-2 - Improvement Area No. 1)                                                     | Imperial (County of), CA (Community Facilities District No. 2004-2 - Improvement Area No. 1), Series 2007, RB                                          | CUSIP: 452676FB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1435839.98   | 0.07%             | 2037-09-01      | Fixed         | 5.90%                 | 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: 13058TSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $530437.85    | 0.03%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sulphur Springs Union School District                                                                                                            | Sulphur Springs Union School District, Series 2024 A, RB                                                                                               | CUSIP: 865483JG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985381.40    | 0.05%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                            | Los Angeles (City of), CA Department of Water & Power, Series 2020 B, Ref. RB                                                                          | CUSIP: 544532BN3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7988449.60   | 0.38%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2020-1                                                                                         | Romoland School District Community Facilities No. 2020-1, Series 2024, RB                                                                              | CUSIP: 776192WD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984489.40    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                                                         | River Islands Public Financing Authority, Series 2022 A-1, Ref. RB                                                                                     | CUSIP: 76827QGR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10365000 | PA      | $10588557.50  | 0.51%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)                        | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1637852.91   | 0.08%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   8788000 | PA      | $2821249.43   | 0.14%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Patterson Financing Authority (Community Facilities District No. 2015-1)                                                                    | West Patterson Financing Authority (Community Facilities District No. 2015-1), Series 2015, RB                                                         | CUSIP: 955232EV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $611798.77    | 0.03%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2014-1), Series 2021, RB                                                               | CUSIP: 75211RMV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $408870.10    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atwater (City of), CA                                                                                                                            | Atwater (City of), CA, Series 2017 A, Ref. RB                                                                                                          | CUSIP: 050002AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268477.75   | 0.06%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                                  | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6050000 | PA      | $1219900.83   | 0.06%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2018-02)                                    | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2018-02), Series 2020, RB                         | CUSIP: 13077EGT1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4311557.89   | 0.21%             | 2050-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.)                                                            | California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.), Series 2023, RB                                                 | CUSIP: 13054WBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989737.30    | 0.05%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2021 A, RB                                                                    | CUSIP: 13051ABJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $911055.11    | 0.04%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District (Green Bonds)                                                                                                | Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds                                                                           | CUSIP: 544647JL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5263113.00   | 0.25%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Beaumont Unified School District Community Facilities District No. 2022-1 (Improvement Area No. 2)                                               | Beaumont Unified School District Community Facilities District No. 2022-1 (Improvement Area No. 2), Series 2025, RB                                    | CUSIP: 074448AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $303681.45    | 0.01%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing)                                                   | California (State of) Municipal Finance Authority (UCR North District Phase 1 Student Housing), Series 2019, RB                                        | CUSIP: 13049YEL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5875000 | PA      | $5931146.20   | 0.28%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                      | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2685000 | PA      | $2305975.73   | 0.11%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                       | California (State of) County Tobacco Securitization Agency, Series 2007 D, RB                                                                          | CUSIP: 13016NDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  45600000 | PA      | $3463739.52   | 0.17%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4940024.00   | 0.24%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2018-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2018-1), Series 2021, RB                                                               | CUSIP: 75211RMD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $192840.91    | 0.01%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Stem Preparatory Schools - Obligated Group)                                                      | California (State of) School Finance Authority (Stem Preparatory Schools - Obligated Group), Series 2023 A, RB                                         | CUSIP: 13058TRX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968777.70    | 0.05%             | 2063-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public Schools Obligated Group)                                                           | California (State of) School Finance Authority (Aspire Public Schools Obligated Group), Series 2020 A, RB                                              | CUSIP: 13058TKD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $2830260.89   | 0.14%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements)        | Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements), Series 2020 | CUSIP: 879083FA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $4828544.10   | 0.23%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Westside Neighborhood School)                                                                 | California (State of) Municipal Finance Authority (Westside Neighborhood School), Series 2024, RB                                                      | CUSIP: 130497AY6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044093.40   | 0.05%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Menifee CA                                                                                                                               | City of Menifee CA, Series 2025, RB                                                                                                                    | CUSIP: 58680WFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $830880.49    | 0.04%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2013 A, RB                                                                              | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3920000 | PA      | $2151100.00   | 0.10%             | 2036-07-01      | Fixed         | 6.75%                 | 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        |    871400 | PA      | $747151.78    | 0.04%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2021 C-1, RB                    | CUSIP: 13078YSX4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $1886231.62   | 0.09%             | 2041-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redlands Unified School District (Community Facilities District No. 2006-1)                                                                      | Redlands Unified School District (Community Facilities District No. 2006-1), Series 2020, RB                                                           | CUSIP: 757619CH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $329024.20    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority                                                                                                | California (State of) Municipal Finance Authority, Series 2024 D, RB                                                                                   | CUSIP: 13051AKC1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963897.60    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee (City of), CA                                                                                                                            | Menifee (City of), CA, Series 2024, RB                                                                                                                 | CUSIP: 58680WEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $818609.63    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 130791AB2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2424464.16   | 0.12%             | 2051-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Housing Agency (Stonridge Apartments)                                                                            | California (State of) Community Housing Agency (Stonridge Apartments), Series 2021 A, RB                                                               | CUSIP: 13013FAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2091670.20   | 0.10%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Public Financing Authority (Desert Communities and Interstate 215 Corridor)                                            | Riverside (County of), CA Public Financing Authority (Desert Communities and Interstate 215 Corridor), Series 2017 A, Ref. RB                          | CUSIP: 76912TMU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474621.20    | 0.02%             | 2040-10-01      | 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: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3766755 | PA      | $3714313.86   | 0.18%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02)                                    | California (State of) Statewide Communities Development Authority (Community Facilities District No. 2020-02), Series 2022, RB                         | CUSIP: 13077ELS7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1666827.03   | 0.08%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Community Facilities District                                                                                                | Chino (City of), CA Community Facilities District, Series 2024, RB                                                                                     | CUSIP: 169511XX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $718671.94    | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                           | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB                                | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    295000 | PA      | $269188.80    | 0.01%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California (Limited)                                                                                                               | University of California (Limited), Series 2017 M, RB                                                                                                  | CUSIP: 91412G2L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15117057.00  | 0.72%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Odd Fellows Home of California)                                               | California (State of) Statewide Communities Development Authority (Odd Fellows Home of California), Series 2023, Ref. RB                               | CUSIP: 13080SP99<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919907.60    | 0.04%             | 2053-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Mt. San Antonio Gardens)                                                                      | California (State of) Municipal Finance Authority (Mt. San Antonio Gardens), Series 2019, Ref. RB                                                      | CUSIP: 13049RBG0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2556595.90   | 0.12%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2017-77)                                                                     | Eastern Municipal Water District (Community Facilities District No. 2017-77), Series 2023, RB                                                          | CUSIP: 27627MY43<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385766.32   | 0.07%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2019-1)                                                            | Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2019-1), Series 2023, RB                                                 | CUSIP: 255650FM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2534378.86   | 0.12%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Elementary School District (Election of 2014)                                                                                             | Perris Elementary School District (Election of 2014), Series 2014 A, GO Bonds                                                                          | CUSIP: 714369CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235573.80    | 0.01%             | 2025-07-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                                              | California School Finance Authority, Series 2025, RB                                                                                                   | CUSIP: 13058TVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1880626.20   | 0.09%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Rocklin Academy (The))                                                                   | California (State of) Enterprise Development Authority (Rocklin Academy (The)), Series 2024, RB                                                        | CUSIP: 13069ABA5<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1217550.69   | 0.06%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.)                                                                     | California (State of) Municipal Finance Authority (Eskaton Properties, Inc.), Series 2024, Ref. RB                                                     | CUSIP: 13048VZ92<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1986272.87   | 0.10%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2015-2)                                                                 | Moreno Valley Unified School District (Community Facilities District No. 2015-2), Series 2019, RB                                                      | CUSIP: 616874RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $485666.15    | 0.02%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                                | CUSIP: 79739GNZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10145000 | PA      | $8341077.98   | 0.40%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                                                                                 | City of Los Angeles CA Wastewater System Revenue, Series 2025, RB                                                                                      | CUSIP: 53945CMD9<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12823082.50  | 0.61%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  11595000 | PA      | $10894147.18  | 0.52%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1)                                 | Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1), Series 2024, RB                      | CUSIP: 87970HRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $336857.92    | 0.02%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.)                                                                     | California (State of) Municipal Finance Authority (Eskaton Properties, Inc.), Series 2024, Ref. RB                                                     | CUSIP: 13048VZ76<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3457095.63   | 0.17%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino (City of), CA                                                                                                                     | San Bernardino (City of), CA, Series 2022, RB                                                                                                          | CUSIP: 796794CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $672297.71    | 0.03%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith)                                                                 | Riverside (County of), CA Community Facilities District No. 07-2 (Clinton Keith), Series 2015, RB                                                      | CUSIP: 76911FTK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984113.30    | 0.05%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Redevelopment Agency (Gillespie Field)                                                                                 | San Diego (County of), CA Redevelopment Agency (Gillespie Field), Series 2005 A, Ref. RB                                                               | CUSIP: 79740ABH8<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2704019.22   | 0.13%             | 2032-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2003-2 (Improvement Area No. 2)                                                           | Upland (City of), CA Community Facilities District No. 2003-2 (Improvement Area No. 2), Series 2015, Ref. RB                                           | CUSIP: 91535NCS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1081076.65   | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Valley Unified School District (Election of 2016)                                                                                          | Chino Valley Unified School District (Election of 2016), Series 2024 D, GO Bonds                                                                       | CUSIP: 169583KX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12750000 | PA      | $4282243.05   | 0.21%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pittsburg Public Financing Authority                                                                                                             | Pittsburg Public Financing Authority, Series 2022 A, RB                                                                                                | CUSIP: 72456PBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13580000 | PA      | $13933613.69  | 0.67%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Excelsior Charter Schools)                                                                       | California (State of) Public Finance Authority (Excelsior Charter Schools), Series 2020 A, RB                                                          | CUSIP: 13057HAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1383644.57   | 0.07%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Caritas) (Social Bonds)                                                                       | California (State of) Municipal Finance Authority (Caritas) (Social Bonds), Series 2023, RB                                                            | CUSIP: 13049SFH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1118918.68   | 0.05%             | 2058-08-15      | Fixed         | 5.25%                 | 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        |  10000000 | PA      | $10288256.00  | 0.49%             | 2032-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                    | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  18610000 | PA      | $17793216.41  | 0.85%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                                                              | State of California, Series 2025, GO Bonds                                                                                                             | CUSIP: 13063ELL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4189648.95   | 0.20%             | 2049-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                       | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K62<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    350000 | PA      | $303931.22    | 0.01%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                                                                                       | Lammersville Joint Unified School District, Series 2022, RB                                                                                            | CUSIP: 513533GL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2494196.40   | 0.12%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Improvement Area No. 1)                                                                                       | Riverside Unified School District (Improvement Area No. 1), Series 2024, RB                                                                            | CUSIP: 769069U60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1237123.89   | 0.06%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (LaVerne Elementary Preparatory Academy)                                                          | California (State of) Public Finance Authority (LaVerne Elementary Preparatory Academy), Series 2019 A, RB                                             | CUSIP: 13057HAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1238161.54   | 0.06%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority                                                                                                      | Burbank-Glendale-Pasadena Airport Authority, Series 2024 B, RB                                                                                         | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12300000 | PA      | $12448148.58  | 0.60%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority                                                                                                   | California (State of) School Finance Authority, Series 2024 A, RB                                                                                      | CUSIP: 13058TTG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1903904.40   | 0.09%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA (Nichols Ranch)                                                                                                      | Lake Elsinore (City of), CA (Nichols Ranch), Series 2024, RB                                                                                           | CUSIP: 50963NWH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $577907.60    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB                                | CUSIP: 79766DWA3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10336.50     | 0.00%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group)                                                       | California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2021, RB                                            | CUSIP: 13048VXH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $921545.96    | 0.04%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    640914 | PA      | $592393.29    | 0.03%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (South Central Los Angeles)                                                                    | California (State of) Municipal Finance Authority (South Central Los Angeles), Series 2024, Ref. RB                                                    | CUSIP: 13048VS58<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $900687.20    | 0.04%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Community Facilities District                                                                                                | Chino (City of), CA Community Facilities District, Series 2020, RB                                                                                     | CUSIP: 169511VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $158436.63    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                     | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFZ7<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1165231.00   | 0.06%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2020 B, RB                                                                    | CUSIP: 13051AAT5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $908702.72    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The))                                                             | California (State of) Municipal Finance Authority (Palmdale Aerospace Academy (The)), Series 2018 A, RB                                                | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $538289.28    | 0.03%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                           | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB                                | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98492.49     | 0.00%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2021 A, RB                                                                    | CUSIP: 13051ABH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    655000 | PA      | $587296.78    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)                                                  | Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition), Series 2007 C, Ref. RB                                | CUSIP: 235669FK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $834957.92    | 0.04%             | 2047-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2023, GO Bonds                                                                                                           | CUSIP: 13063D5F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15819375.00  | 0.76%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                                              | California School Finance Authority, Series 2025, RB                                                                                                   | CUSIP: 13058TVJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1651233.05   | 0.08%             | 2045-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10)                                               | Irvine (City of), CA Community Facilities District No. 2013-3 (Great Park Improvement Area No. 10), Series 2023, RB                                    | CUSIP: 46360TGR8<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5210016.00   | 0.25%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Heights Christian Schools)                                                               | California (State of) Enterprise Development Authority (Heights Christian Schools), Series 2023 A, RB                                                  | CUSIP: 13068WAF8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2371320.76   | 0.11%             | 2053-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                                     | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                                          | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5210308.50   | 0.25%             | 2032-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Grimmway Schools Obligated Group)                                                                | California (State of) School Finance Authority (Grimmway Schools Obligated Group), Series 2016 A, RB                                                   | CUSIP: 13058TEG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500032.95    | 0.02%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Public Works Financing Authority                                                                                     | Los Angeles (County of), CA Public Works Financing Authority, Series 2024 H, Ref. RB                                                                   | CUSIP: 54473EYM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7510000 | PA      | $7840835.78   | 0.38%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA                                                                                                                      | Lake Elsinore (City of), CA, Series 2024, RB                                                                                                           | CUSIP: 50963NVW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982997.20    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                       | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K70<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    475000 | PA      | $397110.55    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Public Utility Authority (Utility System)                                                                                               | Adelanto Public Utility Authority (Utility System), Series 2017 A, Ref. RB                                                                             | CUSIP: 006797BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043850.60   | 0.10%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                                           | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2019, RB                                                | CUSIP: 13059TGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961769.00   | 0.09%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                   | Palomar Health, Series 2017, Ref. RB                                                                                                                   | CUSIP: 697528AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4835000 | PA      | $3719779.69   | 0.18%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2022-2                                                                                         | Romoland School District Community Facilities No. 2022-2, Series 2024, RB                                                                              | CUSIP: 776192WS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $768996.93    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                    | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2023 B, RB                                       | CUSIP: 79773NAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1479340.93   | 0.07%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                          | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3743584.20   | 0.18%             | 2029-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| La Canada Irrigation District                                                                                                                    | La Canada Irrigation District, Series 2025, COP                                                                                                        | CUSIP: 502500AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052127.80   | 0.10%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romoland School District (Underwood)                                                                                                             | Romoland School District (Underwood), Series 2023, RB                                                                                                  | CUSIP: 776192VP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1077994.85   | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspen Public Sschools Obligated Group)                                                           | California (State of) School Finance Authority (Aspen Public Sschools Obligated Group), Series 2022 A, RB                                              | CUSIP: 13058TRH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3684163.60   | 0.18%             | 2052-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                   | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $867580.38    | 0.04%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                                                                                             | Northern California Energy Authority, Series 2024, Ref. RB                                                                                             | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15677016.00  | 0.75%             | 2030-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2014-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2014-1), Series 2021, RB                                                               | CUSIP: 75211RMT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $347276.20    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Improvement Area No. 2)                                                                                       | Riverside Unified School District (Improvement Area No. 2), Series 2024, RB                                                                            | CUSIP: 769069V77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $750067.24    | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP SoCal Public Schools)                                                                       | California (State of) School Finance Authority (KIPP SoCal Public Schools), Series 2019 A, RB                                                          | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1620955.27   | 0.08%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stockton (City of), CA Community Facilities District (Westlake Villages II)                                                                      | Stockton (City of), CA Community Facilities District (Westlake Villages II), Series 2022, RB                                                           | CUSIP: 861341SH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1808109.36   | 0.09%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Val Verde Unified School District Community Facilities Disctrict No. 2018-2 (Stratford Ranch Improvement Area No. 2)                             | Val Verde Unified School District Community Facilities Disctrict No. 2018-2 (Stratford Ranch Improvement Area No. 2), Series 2023, RB                  | CUSIP: 91882PGS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $945919.57    | 0.05%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                         | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB                                                            | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10357199.00  | 0.50%             | 2031-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                                                         | River Islands Public Financing Authority, Series 2022, RB                                                                                              | CUSIP: 76827QJD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043137.00   | 0.10%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Harbor Springs Obligated Group)                                                                  | California (State of) School Finance Authority (Harbor Springs Obligated Group), Series 2024, RB                                                       | CUSIP: 13058TTM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004111.40   | 0.05%             | 2063-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                   | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1103523.52   | 0.05%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (New Designs Charter School)                                                                      | California (State of) School Finance Authority (New Designs Charter School), Series 2019 A, RB                                                         | CUSIP: 130591BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $989824.61    | 0.05%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities)                                                      | Los Angeles (County of), CA Community Facilities District No. 2021-01 (Valencia Facilities), Series 2024, RB                                           | CUSIP: 54531MBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2638065.78   | 0.13%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                | California (State of) Statewide Communities Development Authority, Series 2024, RB                                                                     | CUSIP: 13077ERJ1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $871430.67    | 0.04%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilroy Unified School District (Election of 2008)                                                                                                | Gilroy Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                             | CUSIP: 376087DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4139264.08   | 0.20%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                            | Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB                                                                          | CUSIP: 544532CN2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  17555000 | PA      | $17621143.73  | 0.84%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2022 CU, GO Bonds                                                                                                        | CUSIP: 13063DZ35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1726179.49   | 0.08%             | 2046-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group)                                                       | California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2021, RB                                            | CUSIP: 13048VXK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6726453.60   | 0.32%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                            | Los Angeles (City of), CA Department of Water & Power, Series 2021 B, Ref. RB                                                                          | CUSIP: 544532CP7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10165000 | PA      | $10112010.87  | 0.48%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                                                  | Calplant I, LLC                                                                                                                                        | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $95164.68     | 0.00%             | 2025-07-01      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Merced City School District (Election of 2014)                                                                                                   | Merced City School District (Election of 2014), Series 2022, GO Bonds                                                                                  | CUSIP: 587601RR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3235404.55   | 0.16%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Yucaipa Valley Water Reservoir)                                               | California (State of) Statewide Communities Development Authority (Yucaipa Valley Water Reservoir), Series 2014, RB                                    | CUSIP: 13078YHM0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2570311.48   | 0.12%             | 2044-09-02      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                                                                                        | West Contra Costa Unified School District, Series 2020 E, GO Bonds                                                                                     | CUSIP: 9523474K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6465000 | PA      | $5013478.85   | 0.24%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1)                                                          | Lincoln (City of), CA Community Facilities District No. 2006-1 (Improvement Area No. 1), Series 2021, Ref. RB                                          | CUSIP: 533042KU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $285021.41    | 0.01%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (No.1)                                                                                                | Southern California Public Power Authority (No.1), Series 2007 A, RB                                                                                   | CUSIP: 842471AU8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254057.33    | 0.01%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA                                                                                                                           | San Jose (City of), CA, Series 2017 A, Ref. RB                                                                                                         | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12260000 | PA      | $12041521.90  | 0.58%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2024, RB                        | CUSIP: 13078YVH5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1094531.35   | 0.05%             | 2054-09-02      | Fixed         | 5.00%                 | 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 A, RB                                                          | CUSIP: 13057KAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1314422.88   | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (City of), CA (Community Facilities District No. 92-1)                                                                                 | Riverside (City of), CA (Community Facilities District No. 92-1), Series 2005 A, RB                                                                    | CUSIP: 769053CT4<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1053421.85   | 0.05%             | 2034-09-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Los Alamitos Unified School District                                                                                                             | Los Alamitos Unified School District, Series 2013, GO Bonds                                                                                            | CUSIP: 544203CE0<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1721126.51   | 0.08%             | 2040-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program)                                                        | California (State of) Infrastructure & Economic Development Bank (WFCS Portfolio Program), Series 2021 A-1, RB                                         | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2135126.25   | 0.10%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norco (City of), CA Community Redevelopment Agency Successor Agency (Project Area No. 1)                                                         | Norco (City of), CA Community Redevelopment Agency Successor Agency (Project Area No. 1), Series 2014, Ref. RB                                         | CUSIP: 655505AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502638.20   | 0.07%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Henry Mayo Newhall Hospital)                                                                     | California (State of) Public Finance Authority (Henry Mayo Newhall Hospital), Series 2017, Ref. RB                                                     | CUSIP: 13057EAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005357.30   | 0.05%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Transportation Commission                                                                                              | Riverside (County of), CA Transportation Commission, Series 2021 B-1, Ref. RB                                                                          | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |  16545000 | PA      | $14765712.65  | 0.71%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)                                                  | Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition), Series 2007 A, Ref. RB                                | CUSIP: 235669ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50031.01     | 0.00%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Community Facilities District                                                                                                | Chino (City of), CA Community Facilities District, Series 2024, RB                                                                                     | CUSIP: 169511XW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $663289.43    | 0.03%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)                        | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3225117.60   | 0.15%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California)                                    | California (State of) Statewide Communities Development Authority (Methodist Hospital of Southern California), Series 2018, RB                         | CUSIP: 13081KAX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018555.00   | 0.14%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (PRS California Obligated Group)                                                               | California (State of) Municipal Finance Authority (PRS California Obligated Group), Series 2024, Ref. RB                                               | CUSIP: 13048V2T4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1283636.51   | 0.06%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manteca (City of), CA (Community Facilities District No. 2023-1)                                                                                 | Manteca (City of), CA (Community Facilities District No. 2023-1), Series 2024, RB                                                                      | CUSIP: 56453TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476734.10   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ravenswood School District                                                                                                                       | Ravenswood School District, Series 2018, GO Bonds                                                                                                      | CUSIP: 754405GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763768.65    | 0.04%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2022, GO Bonds                                                                                                           | CUSIP: 13063DS82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20662852.00  | 0.99%             | 2052-09-01      | 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: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4661706.50   | 0.22%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District (Community Facilities District No. 2004-4)                                                                 | Moreno Valley Unified School District (Community Facilities District No. 2004-4), Series 2015, RB                                                      | CUSIP: 616874ND1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2050319.19   | 0.10%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District                                                                                                                  | Compton Unified School District, Series 2019 B, GO Bonds                                                                                               | CUSIP: 204736FN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $2909077.50   | 0.14%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1 (Improvement Area II)                                                       | Lake Elsniore (City of), CA Community Facilities District No. 2006-1 (Improvement Area II), Series 2020, RB                                            | CUSIP: 50963NSQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $696582.71    | 0.03%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                       | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 B, RB                                          | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   7625000 | PA      | $7624646.96   | 0.37%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont Healthcare District                                                                                                                    | Grossmont Healthcare District, Series 2015 D, Ref. GO Bonds                                                                                            | CUSIP: 399223DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13015544.10  | 0.62%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica (City of), CA Redevelopment Agency                                                                                                  | Santa Monica (City of), CA Redevelopment Agency, Series 2011, RB                                                                                       | CUSIP: 802447FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1754085.55   | 0.08%             | 2036-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District Public Financing Authority                                                                                         | Poway Unified School District Public Financing Authority, Series 2015 B, Ref. RB                                                                       | CUSIP: 73885QHE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1932497.81   | 0.09%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley Unified School District (Election of 2004)                                                                                           | Simi Valley Unified School District (Election of 2004), Series 2007 C, GO Bonds                                                                        | CUSIP: 828641UD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3165588.26   | 0.15%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (McSweeny)                                                                     | California (State of) Statewide Communities Development Authority (McSweeny), Series 2023, RB                                                          | CUSIP: 13077ENM8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1333241.64   | 0.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Saint Mary's College of California)                                                      | California (State of) Educational Facilities Authority (Saint Mary's College of California), Series 2023, Ref. RB                                      | CUSIP: 130179VJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8005000 | PA      | $8110860.52   | 0.39%             | 2053-10-01      | 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: 74529JQC2<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1524000 | PA      | $1402683.96   | 0.07%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2)                                                           | Upland (City of), CA Community Facilities District No. 2016-1 (Improvement Area No. 2), Series 2021 A, RB                                              | CUSIP: 91535NDY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $236461.45    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                           | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2019, RB                                | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $380961.64    | 0.02%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Port Authority                                                                                                               | Guam (Territory of) Port Authority, Series 2018 A, RB                                                                                                  | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1775430.08   | 0.09%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                          | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  12250000 | PA      | $12814061.05  | 0.61%             | 2031-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 D, RB                                    | CUSIP: 13016NDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 309500000 | PA      | $26912355.85  | 1.29%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                                                                                                 | Eastern Municipal Water District, Series 2025, RB                                                                                                      | CUSIP: 27627M5T0<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485589.15    | 0.02%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                        | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947110.40    | 0.05%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1)                                                                      | Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1), Series 2024, RB                                                           | CUSIP: 7778706Q4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1437196.50   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Westpark-Federico Community Facilities District)                                                                        | Roseville (City of), CA (Westpark-Federico Community Facilities District), Series 2022, RB                                                             | CUSIP: 7778702T2<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1851649.82   | 0.09%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2021 B, RB                                                                    | CUSIP: 13051ACA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $636263.22    | 0.03%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                                       | Sacramento (County of), CA, Series 2018 C, Ref. RB                                                                                                     | CUSIP: 786107RY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2850857.01   | 0.14%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22420000 | PA      | $12180951.91  | 0.58%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                                   | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2018, RB                                                                        | CUSIP: 544445GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11410000 | PA      | $11738779.15  | 0.56%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto Community Facilities District No. 2006-2 (Improvement Area No. 2)                                                                       | Adelanto Community Facilities District No. 2006-2 (Improvement Area No. 2), Series 2015 A, RB                                                          | CUSIP: 006784AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000032.00   | 0.05%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                | California (State of) Statewide Communities Development Authority, Series 2020 B, RB                                                                   | CUSIP: 13078YRH0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    445000 | PA      | $358426.41    | 0.02%             | 2050-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                                                          | Los Angeles Department of Water & Power, Series 2025, RB                                                                                               | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5060410.50   | 0.24%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Perris Joint Powers Authority                                                                                                                    | Perris Joint Powers Authority, Series 2025, RB                                                                                                         | CUSIP: 714376VE7<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1454573.55   | 0.07%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1 (Improvement Area II)                                                       | Lake Elsniore (City of), CA Community Facilities District No. 2006-1 (Improvement Area II), Series 2020, RB                                            | CUSIP: 50963NSR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $724135.38    | 0.03%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Hawking Steam Charter School)                                                                    | California (State of) School Finance Authority (Hawking Steam Charter School), Series 2022, RB                                                         | CUSIP: 13058TRD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $963093.04    | 0.05%             | 2056-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2021 A, RB                                                                                | CUSIP: 79739GNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5130000 | PA      | $4468048.91   | 0.21%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Improvement Area No. 3)                                                       | California (State of) Statewide Communities Development Authority (Improvement Area No. 3), Series 2024, RB                                            | CUSIP: 13077EQL7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $374697.83    | 0.02%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2022 A, RB                                                                                    | CUSIP: 544445WR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12875000 | PA      | $12893646.86  | 0.62%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA (Nichols Ranch)                                                                                                      | Lake Elsinore (City of), CA (Nichols Ranch), Series 2024, RB                                                                                           | CUSIP: 50963NWJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $845768.79    | 0.04%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                    | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 C, RB                                                                       | CUSIP: 82706TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  65815000 | PA      | $6403338.80   | 0.31%             | 2056-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Stockton (City of), CA Community Facilities District (Westlake Villages II)                                                                      | Stockton (City of), CA Community Facilities District (Westlake Villages II), Series 2024, RB                                                           | CUSIP: 861341TJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $621892.94    | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Improvement Area No. 1)                                                       | California (State of) Statewide Communities Development Authority (Improvement Area No. 1), Series 2021, RB                                            | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    690000 | PA      | $624427.02    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                                    | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2020, RB                                                         | CUSIP: 79773JAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $478101.86    | 0.02%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc.                                                                                                                                   | CUSIP: 00810HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122762 | PA      | $119077.38    | 0.01%             | 2026-03-04      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Sand Creek)                                                                   | California (State of) Statewide Communities Development Authority (Sand Creek), Series 2021, RB                                                        | CUSIP: 13077EKB5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $497156.06    | 0.02%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                    | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 B, RB                                       | CUSIP: 79773NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902555.10    | 0.04%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                                       | Sacramento (County of), CA, Series 2024, RB                                                                                                            | CUSIP: 786107VB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7629981.75   | 0.37%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                                                       | City of Los Angeles Department of Airports, Series 2025, RB                                                                                            | CUSIP: 5444453C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2809245.29   | 0.13%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2019 B, Ref. RB                                                                           | CUSIP: 79739GMD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4232818.25   | 0.20%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Social Bonds)                                                                                 | California (State of) Municipal Finance Authority (Social Bonds), Series 2019 A, Ref. RB                                                               | CUSIP: 13048VMZ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1372194.57   | 0.07%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (PRS California Obligated Group)                                                               | California (State of) Municipal Finance Authority (PRS California Obligated Group), Series 2024, Ref. RB                                               | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1496334.53   | 0.07%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Santa Rosa Academy)                                                                           | California (State of) Municipal Finance Authority (Santa Rosa Academy), Series 2022, Ref. RB                                                           | CUSIP: 130486BE2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3001048.70   | 0.14%             | 2052-07-01      | Fixed         | 5.00%                 | 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        |    865000 | PA      | $775478.81    | 0.04%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Port Authority                                                                                                    | Virgin Islands (Government of) Port Authority, Series 2014 A, Ref. RB                                                                                  | CUSIP: 927674AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1427492.40   | 0.07%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District (Election of 2004)                                                                                          | Rio Hondo Community College District (Election of 2004), Series 2010 C, GO Bonds                                                                       | CUSIP: 767121DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10530000 | PA      | $12747322.11  | 0.61%             | 2042-08-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 B, RB                                         | CUSIP: 130923AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $530892.02    | 0.03%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elk Grove (City of), CA Finance Authority                                                                                                        | Elk Grove (City of), CA Finance Authority, Series 2024, RB                                                                                             | CUSIP: 287254HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1702885.07   | 0.08%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2018 D, RB                                | CUSIP: 79766DWD7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  11280000 | PA      | $11051758.22  | 0.53%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaumont (City of), CA (Community Facilities District No. 2016-1)                                                                                | Beaumont (City of), CA (Community Facilities District No. 2016-1), Series 2019, RB                                                                     | CUSIP: 074434AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129142.10    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Susanville (City of), CA (Natural Gas Enterprise Ref.)                                                                                           | Susanville (City of), CA (Natural Gas Enterprise Ref.), Series 2019, Ref. RB                                                                           | CUSIP: 869082AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923557.20    | 0.04%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara (County of), CA Housing Authority (Rivertown Apartments)                                                                             | Santa Clara (County of), CA Housing Authority (Rivertown Apartments), Series 2001 A, RB                                                                | CUSIP: 801617EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $716196.91    | 0.03%             | 2031-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (United Airlines, Inc.)                                                                        | California (State of) Municipal Finance Authority (United Airlines, Inc.), Series 2019, RB                                                             | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $19480330.00  | 0.93%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp.                                                                                             | Virgin Islands Transportation & Infrastructure Corp., Series 2025, RB                                                                                  | CUSIP: 927686AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530806.70   | 0.07%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Modesto Irrigation District                                                                                                                      | Modesto Irrigation District, Series 2023 A, RB                                                                                                         | CUSIP: 607767DH0<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8441377.60   | 0.40%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                                    | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                       | CUSIP: 89356CAU0<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4115834.87   | 0.20%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                 | California (State of) Municipal Finance Authority (Bold Program), Series 2021 B, RB                                                                    | CUSIP: 13051ABY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    915000 | PA      | $823270.15    | 0.04%             | 2041-09-01      | Fixed         | 4.00%                 | 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        |  12619130 | PA      | $8553414.15   | 0.41%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                                                                                   | Temescal Valley Water District, Series 2021, RB                                                                                                        | CUSIP: 87975CBJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $436770.85    | 0.02%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                                             | San Diego (County of), CA Regional Airport Authority, Series 2023 B, RB                                                                                | CUSIP: 79739GRM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9157609.80   | 0.44%             | 2058-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                   | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2023, RB                        | CUSIP: 13078YUX1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1123131.26   | 0.05%             | 2043-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                                         | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $251828.72    | 0.01%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Excelsior Charter Schools)                                                                       | California (State of) Public Finance Authority (Excelsior Charter Schools), Series 2020 A, RB                                                          | CUSIP: 13057HAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $906350.56    | 0.04%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                    | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10005000 | PA      | $9752259.69   | 0.47%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                    | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR88<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001427.90   | 0.05%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                  | Foothill-Eastern Transportation Corridor Agency, Series 2021 A, Ref. RB                                                                                | CUSIP: 345105KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15965000 | PA      | $15271716.68  | 0.73%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development)                                                     | Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development), Series 2024 A, RB                                        | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5960490.00   | 0.29%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (The Meadows)                                                                                                              | Fontana (City of), CA (The Meadows), Series 2020, RB                                                                                                   | CUSIP: 344630WZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4230.03      | 0.00%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Community Facilities District No. 2016-1                                                                    | San Francisco (City & County of), CA Community Facilities District No. 2016-1, Series 2020, RB                                                         | CUSIP: 79773JAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $824803.77    | 0.04%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mt. San Antonio Community College District (Election of 2018)                                                                                    | Mt. San Antonio Community College District (Election of 2018), Series 2019 A, GO Bonds                                                                 | CUSIP: 623040KD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5154882.00   | 0.25%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilroy Public Facilities Financing Authority                                                                                                     | Gilroy Public Facilities Financing Authority, Series 2021 A, RB                                                                                        | CUSIP: 376061AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $2787450.68   | 0.13%             | 2046-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                            | Los Angeles (City of), CA Department of Water & Power, Series 2022 B, Ref. RB                                                                          | CUSIP: 544525G44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6462805.05   | 0.31%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development)                                                  | Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development), Series 2014, Ref. RB                                  | CUSIP: 435647AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1602456.80   | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 3)                                                | Menifee Union School District (Community Facilities District No. 2011-1 - Improvement Area No. 3), Series 2018, RB                                     | CUSIP: 586810E66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506076.35   | 0.07%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                                         | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                        | CUSIP: 088023JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $2410034.68   | 0.12%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                                             | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2024 A, Ref. RB                                           | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2418022.02   | 0.12%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                 | Los Angeles (City of), CA Department of Airports, Series 2021, Ref. RB                                                                                 | CUSIP: 544445S75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $5620112.00   | 0.27%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District (Community Facilities District No. 97-1)                                                                          | Tustin Unified School District (Community Facilities District No. 97-1), Series 2015 A, Ref. RB                                                        | CUSIP: 901073GL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004484.60   | 0.10%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                 | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $930805.49    | 0.04%             | 2027-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Lake Elsniore (City of), CA Community Facilities District No. 2006-1                                                                             | Lake Elsniore (City of), CA Community Facilities District No. 2006-1, Series 2019, RB                                                                  | CUSIP: 50963NSD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984433.20    | 0.05%             | 2050-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cambrian School District                                                                                                                         | Cambrian School District, Series 2022, GO Bonds                                                                                                        | CUSIP: 132123NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7505000 | PA      | $7741633.40   | 0.37%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                          | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12045000 | PA      | $10610904.23  | 0.51%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Water Financing Authority                                                                                                      | Sacramento County Water Financing Authority, Series 2025, RB                                                                                           | CUSIP: 78615REZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15594312.00  | 0.75%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                      | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3709398 | PA      | $2230275.73   | 0.11%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                                  | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB                                                                                     | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098460.90   | 0.05%             | 2037-11-15      | Fixed         | 5.50%                 | 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   | 0.13%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Camino Nuevo Charter Academy Obligated Group) (Green Bonds)                                      | California (State of) School Finance Authority (Camino Nuevo Charter Academy Obligated Group) (Green Bonds), Series 2023, Ref. RB                      | CUSIP: 13058TRS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1475782.44   | 0.07%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (California Baptist University)                                                | California (State of) Statewide Communities Development Authority (California Baptist University), Series 2017 A, Ref. RB                              | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    875000 | PA      | $837345.69    | 0.04%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles)                                                    | California (State of) Health Facilities Financing Authority (Children's Hospital Los Angeles), Series 2017 A, Ref. RB                                  | CUSIP: 13032UNG9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1648957.75   | 0.08%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                         | University of California, Series 2025, RB                                                                                                              | CUSIP: 91412HVY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7743072.75   | 0.37%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District (Community Facilities District No. 2016-75)                                                                     | Eastern Municipal Water District (Community Facilities District No. 2016-75), Series 2021, RB                                                          | CUSIP: 27627MYZ4<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74968.59     | 0.00%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1)                                                   | Folsom Ranch Financing Authority Community Facilities District no. 23 (Improvement Area No. 1), Series 2022, RB                                        | CUSIP: 344414EW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3339189.12   | 0.16%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2298645.20   | 0.11%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1)                                 | Temecula Valley Unified School District Community Facilities District (Community Facilities District No. 2021-1), Series 2024, RB                      | CUSIP: 87970HRN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $279788.66    | 0.01%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA                                                                                                                             | Fresno (City of), CA, Series 2023 A, Ref. RB                                                                                                           | CUSIP: 358100FS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6570000 | PA      | $6443020.30   | 0.31%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Second Series 2022 B, Ref. RB                           | CUSIP: 79766DUP2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $2943531.43   | 0.14%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                                         | California (State of) School Finance Authority (KIPP LA), Series 2017 A, RB                                                                            | CUSIP: 13059TEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $594452.08    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                    | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                       | CUSIP: 79766DWF2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  11445000 | PA      | $9723189.02   | 0.47%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District (Election of 2018) (Green Bonds)                                                                               | San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds                                                              | CUSIP: 797356JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13413801.00  | 0.64%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    916874 | PA      | $941193.17    | 0.05%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Coachella (City of), CA (Community Facilities District No. 2018-1)                                                                               | Coachella (City of), CA (Community Facilities District No. 2018-1), Series 2018, RB                                                                    | CUSIP: 189761AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1488723.76   | 0.07%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temescal Valley Water District                                                                                                                   | Temescal Valley Water District, Series 2024, RB                                                                                                        | CUSIP: 87975CBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607034.64    | 0.03%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2006 C, RB                                    | CUSIP: 13016NCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  71700000 | PA      | $7853551.95   | 0.38%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                                           | Regents of the University of California Medical Center, Series 2022 P, RB                                                                              | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $21625970.00  | 1.04%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California Crosspoint Academy)                                                                   | California (State of) Public Finance Authority (California Crosspoint Academy), Series 2020 A, RB                                                      | CUSIP: 13057KAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3968284.50   | 0.19%             | 2055-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rancho Cordova (City of), CA (Community Facilities District No. 2022-1)                                                                          | Rancho Cordova (City of), CA (Community Facilities District No. 2022-1), Series 2023, RB                                                               | CUSIP: 75211RQT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1322083.49   | 0.06%             | 2053-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Improvement Area No. 3)                                                       | California (State of) Statewide Communities Development Authority (Improvement Area No. 3), Series 2024, RB                                            | CUSIP: 13077EQM5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $545600.39    | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                               | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2006, RB                                    | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $577850.70    | 0.03%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                                    | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                       | CUSIP: 89356CAT3<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1456168.20   | 0.07%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District                                                                                                                  | Compton Unified School District, Series 2019 B, GO Bonds                                                                                               | CUSIP: 204736FP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4335000 | PA      | $1888412.27   | 0.09%             | 2042-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2003-2 (Improvement Area No. 2)                                                           | Upland (City of), CA Community Facilities District No. 2003-2 (Improvement Area No. 2), Series 2015, Ref. RB                                           | CUSIP: 91535NCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1031140.73   | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy)                                                                        | California (State of) Community Choice Financing Authority (Clean Energy), Series 2024, RB                                                             | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5249604.00   | 0.25%             | 2032-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                                           | Regents of the University of California Medical Center, Series 2022 P, RB                                                                              | CUSIP: 913366KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30280000 | PA      | $30930735.37  | 1.48%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing)                           | California (State of) Municipal Finance Authority (CHF-Riverside II, LLC - UCR North District Phase I Student Housing), Series 2019, RB                | CUSIP: 13049YEE7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2693236.43   | 0.13%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                                                                                                | Inglewood Unified School District, Series 2019 C, GO Bonds                                                                                             | CUSIP: 457110MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $671295.20    | 0.03%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements)                | San Francisco (City & County of), CA Successor Agency to the Redevelopment Agency (Hunters Point Shipyard Phase One Improvements), Series 2014, Ref. R | CUSIP: 79772ACT2<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2555241.45   | 0.12%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Cityview Apartments) (Green Bonds)                                                            | California (State of) Municipal Finance Authority (Cityview Apartments) (Green Bonds), Series 2021, RB                                                 | CUSIP: 130483ES5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1491938.66   | 0.07%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)                                                  | California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group), Series 2024 A, RB                                     | CUSIP: 13069ABE7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6710235.75   | 0.32%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                                                  | Foothill-Eastern Transportation Corridor Agency, Series 2014 A, Ref. RB                                                                                | CUSIP: 345105HL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137121.10   | 0.05%             | 2042-01-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2019-1)                                                            | Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2019-1), Series 2023, RB                                                 | CUSIP: 255650FL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1643018.05   | 0.08%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                                                                                              | California State Public Works Board, Series 2025, RB                                                                                                   | CUSIP: 13068XPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8256749.60   | 0.40%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upland (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 1)                                                           | Upland (City of), CA Community Facilities District No. 2015-1 (Improvement Area No. 1), Series 2019 A, RB                                              | CUSIP: 91535NDE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $625344.00    | 0.03%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Enloe Medical Center)                                                         | California (State of) Statewide Communities Development Authority (Enloe Medical Center), Series 2022 A, RB                                            | CUSIP: 13080SM76<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3044905.50   | 0.15%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Beaumont Unified School District Community Facilities District No. 2022-1 (Improvement Area No. 2)                                               | Beaumont Unified School District Community Facilities District No. 2022-1 (Improvement Area No. 2), Series 2025, RB                                    | CUSIP: 074448AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $887029.65    | 0.04%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements)        | Tejon Ranch Public Facilities Finance Authority (Community Facilities District No. 2008-1 - Tejon Industrial Complex Public Improvements), Series 2024 | CUSIP: 879083FP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3315477.26   | 0.16%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moreno Valley Unified School District Community Facilities District                                                                              | Moreno Valley Unified School District Community Facilities District, Series 2025, RB                                                                   | CUSIP: 616874WD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1266607.81   | 0.06%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                                                       | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2024, Ref. RB                                       | CUSIP: 13058TUF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2591887.68   | 0.12%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda (City of), CA Corridor Transportation Authority                                                                                          | Alameda (City of), CA Corridor Transportation Authority, Series 2022 C, RB                                                                             | CUSIP: 010869JS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7144779.60   | 0.34%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                                                                                         | Washington Township Health Care District, Series 2023 A, RB                                                                                            | CUSIP: 940204GY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027870.40   | 0.05%             | 2053-07-01      | 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 2020, RB                                                | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $4.20         | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Rialto Unified School District                                                                                                                   | Rialto Unified School District, Series 2019 A, GO Bonds                                                                                                | CUSIP: 762494RT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $1892177.55   | 0.09%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA                                                                                                                          | Roseville (City of), CA, Series 2023, RB                                                                                                               | CUSIP: 7778706A9<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571276.40   | 0.08%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                                         | Romoland School District Community Facilities No. 2004-1, Series 2015, Ref. RB                                                                         | CUSIP: 776192NS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001460.50   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Front Porch Communities & Services)                                           | California (State of) Statewide Communities Development Authority (Front Porch Communities & Services), Series 2021, Ref. RB                           | CUSIP: 13080SC93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1313782.40   | 0.06%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                 | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2002, RB                                      | CUSIP: 13016NBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700000 | PA      | $9711627.39   | 0.47%             | 2038-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA                                                                                                                            | Ontario (City of), CA, Series 2023, RB                                                                                                                 | CUSIP: 68304NFJ3<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1300183.75   | 0.06%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2020 C, RB                                                | CUSIP: 544445RF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8008595.20   | 0.38%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                             | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2022, RB                                                  | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8704651.00   | 0.42%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District (Community Facilities District No. 2022-02)                                                                        | Hemet Unified School District (Community Facilities District No. 2022-02), Series 2024, RB                                                             | CUSIP: 423540JZ7<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    625000 | PA      | $630019.19    | 0.03%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Grove School District (Election of 2008)                                                                                                     | Oak Grove School District (Election of 2008), Series 2018 E, Ref. GO Bonds                                                                             | CUSIP: 671205X98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8680000 | PA      | $5235644.06   | 0.25%             | 2038-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (McSweeny)                                                                     | California (State of) Statewide Communities Development Authority (McSweeny), Series 2023, RB                                                          | CUSIP: 13077ENN6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2241044.70   | 0.11%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (No.1)                                                                                                | Southern California Public Power Authority (No.1), Series 2007 A, RB                                                                                   | CUSIP: 842471AX2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    165000 | PA      | $170135.21    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer