# EDGAR Filing Document

**Accession Number:** 0001112996
**File Stem:** 0001112996-26-000057
**Filing Date:** 2026-1
**Character Count:** 97139
**Document Hash:** f9ec7164537d2cbdc422cff947a6b42a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001112996-26-000057.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001112996-26-000057

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09913
- **FILM NUMBER:** 26575401

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

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

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

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

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

## Series and Classes Contracts Data

### Invesco SMA Municipal Bond Fund (Series ID: S000079749)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000241066 | Invesco SMA Municipal Bond Fund |  |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–98.52%** | **Municipal Obligations–98.52%** | **Municipal Obligations–98.52%** | **Municipal Obligations–98.52%** | **Municipal Obligations–98.52%** |
| **Arizona–8.51%** | **Arizona–8.51%** | **Arizona–8.51%** | **Arizona–8.51%** | **Arizona–8.51%** |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (American Charter Schools Foundation); <br> Series 2017, Ref. RB<sup>(a)</sup> <br>| 6.00% | 07/01/2047 | $1200 | &nbsp;&nbsp; $1219001 |
| La Paz (County of), AZ Industrial Development Authority (Kilgore); Series 2025, RB<sup>(a)(b)</sup> <br>| 0.00% | 12/15/2034 | 1000 | &nbsp;&nbsp; 545535 |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2039 | 250 | &nbsp;&nbsp; 254525 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.00% | 07/01/2035 | 965 | &nbsp;&nbsp; 1029986 |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The); Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.00% | 07/01/2045 | 1500 | &nbsp;&nbsp; 1427877 |
| Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools); Series 2016, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2046 | 1000 | &nbsp;&nbsp; 966407 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy); <br> Series 2015, Ref. RB<sup>(a)</sup> <br>| 5.63% | 06/15/2045 | 1250 | &nbsp;&nbsp; 1249977 |
| Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep); Series 2010, RB<sup>(a)</sup> <br>| 7.00% | 09/01/2037 | 954 | &nbsp;&nbsp; 954293 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy); Series 2025, <br> RB<br>| 6.25% | 06/15/2045 | 1500 | &nbsp;&nbsp; 1529881 |
|  |  |  |  | &nbsp;&nbsp; 9177482 |
| **California–3.35%** | **California–3.35%** | **California–3.35%** | **California–3.35%** | **California–3.35%** |
| California (State of) Housing Finance Agency; Series 2019 A-2, RB | 4.00% | 03/20/2033 | 214 | &nbsp;&nbsp; 219368 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail); <br> Series 2025 B, Ref. RB<sup>(c)(d)</sup> <br>| 12.00% | 11/02/2026 | 545 | &nbsp;&nbsp; 463250 |
| California (State of) Municipal Finance Authority (Eisenhower Medical Centers); Series 2017 B, Ref. RB | 5.00% | 07/01/2037 | 1105 | &nbsp;&nbsp; 1112681 |
| California (State of) Public Finance Authority (Sunrise of Long Beach); Series 2025 A, RB<sup>(a)</sup> <br>| 6.00% | 06/01/2040 | 1250 | &nbsp;&nbsp; 1322363 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center); Series 2014, RB<br>| 5.50% | 12/01/2054 | 500 | &nbsp;&nbsp; 501144 |
|  |  |  |  | &nbsp;&nbsp; 3618806 |
| **Delaware–0.94%** | **Delaware–0.94%** | **Delaware–0.94%** | **Delaware–0.94%** | **Delaware–0.94%** |
| Delaware State Economic Development Authority (NRG Energy); Series 2020 B, Ref. RB<sup>(d)</sup> <br>| 4.00% | 10/01/2035 | 1000 | &nbsp;&nbsp; 1014667 |
| **District of Columbia–0.96%** | **District of Columbia–0.96%** | **District of Columbia–0.96%** | **District of Columbia–0.96%** | **District of Columbia–0.96%** |
| District of Columbia Tobacco Settlement Financing Corp.; Series 2001, RB | 6.75% | 05/15/2040 | 1000 | &nbsp;&nbsp; 1031378 |
| **Florida–7.48%** | **Florida–7.48%** | **Florida–7.48%** | **Florida–7.48%** | **Florida–7.48%** |
| Alachua (County of), FL Housing Finance Authority (Woodland Park II); Series 2025 B, RB<sup>(a)(d)</sup> <br>| 4.90% | 07/01/2028 | 1350 | &nbsp;&nbsp; 1356572 |
| Capital Projects Finance Authority (Kissimmee Charter Academy); Series 2024, RB<sup>(a)</sup> <br>| 6.13% | 06/15/2044 | 250 | &nbsp;&nbsp; 256652 |
| Capital Projects Finance Authority (Millenia Orlando); Series 2025 A, RB<sup>(a)</sup> <br>| 6.00% | 01/01/2035 | 500 | &nbsp;&nbsp; 518155 |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough); Series 2019, RB | 5.00% | 12/15/2029 | 1320 | &nbsp;&nbsp; 1324228 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); Series 2024, Ref. RB <br> (INS - AGI)<sup>(c)(e)</sup> <br>| 5.00% | 07/01/2044 | 500 | &nbsp;&nbsp; 497185 |
| Florida Local Government Finance Commission (Bridgeprep Academy); Series 2025 A, RB<sup>(a)</sup> <br>| 5.50% | 06/15/2040 | 1290 | &nbsp;&nbsp; 1331092 |
| Miami Beach (City of), FL; Series 2017, Ref. RB | 5.00% | 09/01/2047 | 250 | &nbsp;&nbsp; 251910 |
| &nbsp;&nbsp;&nbsp; Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates); Series 2019, Ref. <br> IDR<br>| 5.00% | 01/01/2039 | 2000 | &nbsp;&nbsp; 2018221 |
| Two Ridges Community Development District; Series 2025, RB | 5.75% | 05/01/2045 | 500 | &nbsp;&nbsp; 517576 |
|  |  |  |  | &nbsp;&nbsp; 8071591 |
| **Georgia–1.31%** | **Georgia–1.31%** | **Georgia–1.31%** | **Georgia–1.31%** | **Georgia–1.31%** |
| Main Street Natural Gas, Inc.; Series 2023 A, RB<sup>(d)</sup> <br>| 5.00% | 06/01/2030 | 475 | &nbsp;&nbsp; 502751 |
| Savannah Georgia Convention Center Authority; Series 2025 A, RB | 5.25% | 06/01/2040 | 850 | &nbsp;&nbsp; 913092 |
|  |  |  |  | &nbsp;&nbsp; 1415843 |
| **Idaho–1.40%** | **Idaho–1.40%** | **Idaho–1.40%** | **Idaho–1.40%** | **Idaho–1.40%** |
| Idaho (State of) Health Facilities Authority (Trinity Health Credit Group); Series 2015 D, Ref. RB | 5.50% | 12/01/2027 | 1500 | &nbsp;&nbsp; 1508076 |
| **Illinois–6.36%** | **Illinois–6.36%** | **Illinois–6.36%** | **Illinois–6.36%** | **Illinois–6.36%** |
| Chicago (City of), IL (Midway International Airport); Series 2025 B, Ref. RB | 5.00% | 01/01/2043 | 1000 | &nbsp;&nbsp; 1079103 |
| Chicago (City of), IL (O'Hare International Airport); Series 2016 B, Ref. RB | 5.00% | 01/01/2041 | 1200 | &nbsp;&nbsp; 1200683 |
| Illinois (County of), IL School District No. 102 (La Grange); Series 2025, GO Bonds (INS - BAM)<sup>(e)</sup> <br>| 5.00% | 12/15/2043 | 1220 | &nbsp;&nbsp; 1292338 |

---

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

**Invesco SMA Municipal Bond Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Illinois (State of) Finance Authority (OSF Healthcare System); Series 2015 A, Ref. RB | 5.00% | 11/15/2035 | $1135 | &nbsp;&nbsp; $1135804 |
| Illinois (State of) Toll Highway Authority; Series 2016 B, RB | 5.00% | 01/01/2041 | 1250 | &nbsp;&nbsp; 1256516 |
| Marion (City of), IL (Star Bond District Project Area No. 1); Series 2025, RB | 6.38% | 06/01/2045 | 895 | &nbsp;&nbsp; 896218 |
|  |  |  |  | &nbsp;&nbsp; 6860662 |
| **Indiana–1.98%** | **Indiana–1.98%** | **Indiana–1.98%** | **Indiana–1.98%** | **Indiana–1.98%** |
| Evansville (City of), IN (Silver Birch of Evansville); Series 2017, RB | 4.80% | 01/01/2028 | 245 | &nbsp;&nbsp; 239679 |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne); Series 2017, RB | 5.13% | 01/01/2032 | 440 | &nbsp;&nbsp; 426019 |
| Indiana (State of) Finance Authority (Unidy Properties LLC); Series 2025, RB | 5.25% | 07/01/2037 | 1000 | &nbsp;&nbsp; 1034712 |
| Mishawaka (City of), IN (Silver Birch of Mishwaka); Series 2017, RB<sup>(a)</sup> <br>| 5.10% | 01/01/2032 | 175 | &nbsp;&nbsp; 170969 |
| Whiting (City of), IN (BP Products North America, Inc.); Series 2015, RB<sup>(c)(d)</sup> <br>| 4.40% | 06/10/2031 | 250 | &nbsp;&nbsp; 264179 |
|  |  |  |  | &nbsp;&nbsp; 2135558 |
| **Iowa–0.32%** | **Iowa–0.32%** | **Iowa–0.32%** | **Iowa–0.32%** | **Iowa–0.32%** |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB<sup>(d)(f)</sup> <br>| 5.00% | 12/01/2032 | 300 | &nbsp;&nbsp; 345163 |
| **Kentucky–2.87%** | **Kentucky–2.87%** | **Kentucky–2.87%** | **Kentucky–2.87%** | **Kentucky–2.87%** |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); Series 2016, Ref. RB | 5.38% | 02/01/2036 | 1500 | &nbsp;&nbsp; 1503399 |
| Kentucky (Commonwealth of) Public Energy Authority; Series 2024 A, RB<sup>(d)</sup> <br>| 5.00% | 07/01/2030 | 1500 | &nbsp;&nbsp; 1593205 |
|  |  |  |  | &nbsp;&nbsp; 3096604 |
| **Louisiana–0.56%** | **Louisiana–0.56%** | **Louisiana–0.56%** | **Louisiana–0.56%** | **Louisiana–0.56%** |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2011, RB<sup>(d)</sup> <br>| 3.70% | 06/01/2030 | 600 | &nbsp;&nbsp; 606590 |
| **Maine–0.96%** | **Maine–0.96%** | **Maine–0.96%** | **Maine–0.96%** | **Maine–0.96%** |
| Maine (State of) Finance Authority (Casella Waste Systems, Inc.); Series 2015, RB<sup>(a)(c)</sup> <br>| 5.00% | 08/01/2035 | 1000 | &nbsp;&nbsp; 1034957 |
| **Massachusetts–4.09%** | **Massachusetts–4.09%** | **Massachusetts–4.09%** | **Massachusetts–4.09%** | **Massachusetts–4.09%** |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music); <br> Series 2016, Ref. RB<br>| 5.00% | 10/01/2039 | 1000 | &nbsp;&nbsp; 1010220 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University Health Obligated <br> Group); Series 2025 A, RB<br>| 5.25% | 08/15/2044 | 1500 | &nbsp;&nbsp; 1577129 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(a)</sup> <br>| 5.00% | 10/01/2047 | 1310 | &nbsp;&nbsp; 1301485 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University); Series 2025, Ref. <br> RB<br>| 5.50% | 07/01/2045 | 500 | &nbsp;&nbsp; 518298 |
|  |  |  |  | &nbsp;&nbsp; 4407132 |
| **Minnesota–1.84%** | **Minnesota–1.84%** | **Minnesota–1.84%** | **Minnesota–1.84%** | **Minnesota–1.84%** |
| Bethel (City of), MN (Spectrum High School); Series 2024, RB | 5.00% | 07/01/2059 | 250 | &nbsp;&nbsp; 232767 |
| Minnesota (State of) Higher Education Facilities Authority (Bethel University); Series 2017, Ref. RB | 5.00% | 05/01/2032 | 1750 | &nbsp;&nbsp; 1756661 |
|  |  |  |  | &nbsp;&nbsp; 1989428 |
| **Missouri–2.71%** | **Missouri–2.71%** | **Missouri–2.71%** | **Missouri–2.71%** | **Missouri–2.71%** |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services); <br> Series 2016 A, RB<br>| 5.00% | 02/01/2036 | 1000 | &nbsp;&nbsp; 1001294 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Missouri Baptist University); Series 2025, <br> Ref. RB<sup>(a)</sup> <br>| 5.00% | 10/01/2035 | 1000 | &nbsp;&nbsp; 1008601 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills); <br> Series 2012, RB<br>| 5.00% | 09/01/2032 | 915 | &nbsp;&nbsp; 915590 |
|  |  |  |  | &nbsp;&nbsp; 2925485 |
| **New Hampshire–4.95%** | **New Hampshire–4.95%** | **New Hampshire–4.95%** | **New Hampshire–4.95%** | **New Hampshire–4.95%** |
| New Hampshire (State of) Business Finance Authority; Series 2025 B-1, RB | 5.15% | 09/28/2037 | 1000 | &nbsp;&nbsp; 1014296 |
| New Hampshire (State of) Business Finance Authority (Grace Christian School); Series 2025, RB | 5.13% | 08/01/2040 | 1000 | &nbsp;&nbsp; 1011958 |
| New Hampshire (State of) Business Finance Authority (Vista (The)); Series 2019 A, RB<sup>(a)</sup> <br>| 5.25% | 07/01/2039 | 1550 | &nbsp;&nbsp; 1559113 |
| New Hampshire (State of) Health and Education Facilities Authority; Series 2015, Ref. RB | 5.00% | 07/01/2036 | 1750 | &nbsp;&nbsp; 1751934 |
|  |  |  |  | &nbsp;&nbsp; 5337301 |
| **New Jersey–1.00%** | **New Jersey–1.00%** | **New Jersey–1.00%** | **New Jersey–1.00%** | **New Jersey–1.00%** |
| New Jersey (State of) Transportation Trust Fund Authority; Series 2025 AA, RB | 5.00% | 06/15/2043 | 1000 | &nbsp;&nbsp; 1079041 |

---

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

**Invesco SMA Municipal Bond Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–5.83%** | **New York–5.83%** | **New York–5.83%** | **New York–5.83%** | **New York–5.83%** |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds); Series 2025, <br> RB<sup>(a)</sup> <br>| 5.13% | 10/15/2045 | $1000 | &nbsp;&nbsp; $992303 |
| Build NYC Resource Corp. (New York Law School); Series 2016, Ref. RB | 5.00% | 07/01/2030 | 1500 | &nbsp;&nbsp; 1500707 |
| Metropolitan Transportation Authority (Green Bonds); Series 2025 B, Ref. RB | 5.00% | 11/15/2043 | 1000 | &nbsp;&nbsp; 1066669 |
| New York (City of), NY; Subseries 2017 B-5, VRD GO Bonds<sup>(g)</sup> <br>| 1.20% | 10/01/2046 | 300 | &nbsp;&nbsp; 300000 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International <br> Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(c)</sup> <br>| 5.00% | 08/01/2031 | 250 | &nbsp;&nbsp; 250123 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(c)</sup> <br>| 5.25% | 08/01/2031 | 1090 | &nbsp;&nbsp; 1130722 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); <br> Series 2023, RB<sup>(c)</sup> <br>| 5.63% | 04/01/2040 | 1000 | &nbsp;&nbsp; 1050879 |
|  |  |  |  | &nbsp;&nbsp; 6291403 |
| **North Dakota–0.24%** | **North Dakota–0.24%** | **North Dakota–0.24%** | **North Dakota–0.24%** | **North Dakota–0.24%** |
| Horace (City of), ND; Series 2024 C, Ref. GO Bonds | 4.50% | 05/01/2039 | 250 | &nbsp;&nbsp; 255742 |
| **Ohio–8.54%** | **Ohio–8.54%** | **Ohio–8.54%** | **Ohio–8.54%** | **Ohio–8.54%** |
| American Municipal Power, Inc. (Greenup Hydroelectric); Series 2016 A, RB<sup>(d)(f)</sup> <br>| 5.00% | 02/15/2026 | 1000 | &nbsp;&nbsp; 1004991 |
| Cuyahoga (County of), OH (MetroHealth System); Series 2017, Ref. RB | 5.00% | 02/15/2037 | 1250 | &nbsp;&nbsp; 1259873 |
| Dayton-Montgomery County Port Authority (Liberty Assisted Living - Springfield); Series 2025 A, RB<sup>(a)</sup> <br>| 6.63% | 01/01/2045 | 1000 | &nbsp;&nbsp; 1041186 |
| Franklin (County of), OH; Series 2015, RB | 5.00% | 05/15/2040 | 1250 | &nbsp;&nbsp; 1251477 |
| Hamilton (County of), OH (Life Enriching Communities); Series 2025, Ref. RB | 5.00% | 01/01/2043 | 1100 | &nbsp;&nbsp; 1102626 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2039 | 1375 | &nbsp;&nbsp; 1374995 |
| Ohio (State of) Higher Educational Facility Commission; Series 2016, Ref. RB | 5.00% | 11/01/2041 | 1410 | &nbsp;&nbsp; 1420556 |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University); Series 2025, RB | 5.38% | 10/01/2045 | 500 | &nbsp;&nbsp; 504189 |
| Ohio (State of) Higher Educational Facility Commission (Kenyon College); Series 2015, Ref. RB | 5.00% | 07/01/2041 | 250 | &nbsp;&nbsp; 250192 |
|  |  |  |  | &nbsp;&nbsp; 9210085 |
| **Oregon–1.47%** | **Oregon–1.47%** | **Oregon–1.47%** | **Oregon–1.47%** | **Oregon–1.47%** |
| Morrow (Port of), OR; Series 2024 A, GO Bonds<sup>(a)</sup> <br>| 5.15% | 10/01/2026 | 1250 | &nbsp;&nbsp; 1250119 |
| Portland (Port of), OR (Green Bonds); Twenty Ninth Series 2023, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2039 | 300 | &nbsp;&nbsp; 331397 |
|  |  |  |  | &nbsp;&nbsp; 1581516 |
| **Pennsylvania–6.35%** | **Pennsylvania–6.35%** | **Pennsylvania–6.35%** | **Pennsylvania–6.35%** | **Pennsylvania–6.35%** |
| &nbsp;&nbsp;&nbsp; Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center); <br> Series 2018, RB<sup>(a)</sup> <br>| 5.00% | 05/01/2028 | 155 | &nbsp;&nbsp; 159060 |
| &nbsp;&nbsp;&nbsp; Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)); Series 2017 A, <br> Ref. RB<br>| 5.00% | 05/15/2037 | 1365 | &nbsp;&nbsp; 1380086 |
| Commonwealth Financing Authority; Series 2015 A, RB | 5.00% | 06/01/2034 | 1250 | &nbsp;&nbsp; 1256316 |
| Crawford (County of), PA Hospital Authority Meadville Medical Center); Series 2016 A, Ref. RB | 6.00% | 06/01/2046 | 1000 | &nbsp;&nbsp; 1002975 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (Constellation Energy Generation, LLC); <br> Series 2023 B, Ref. RB<br>| 4.10% | 06/01/2029 | 250 | &nbsp;&nbsp; 258053 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid <br> Bridge Replacement); Series 2015, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2038 | 1250 | &nbsp;&nbsp; 1254749 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); <br> Series 2016, Ref. RB<br>| 5.00% | 06/01/2036 | 1520 | &nbsp;&nbsp; 1536076 |
|  |  |  |  | &nbsp;&nbsp; 6847315 |
| **Rhode Island–1.30%** | **Rhode Island–1.30%** | **Rhode Island–1.30%** | **Rhode Island–1.30%** | **Rhode Island–1.30%** |
| Tobacco Settlement Financing Corp.; Series 2015 A, Ref. RB | 5.00% | 06/01/2040 | 1400 | &nbsp;&nbsp; 1400131 |
| **South Carolina–1.41%** | **South Carolina–1.41%** | **South Carolina–1.41%** | **South Carolina–1.41%** | **South Carolina–1.41%** |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of <br> Broad Healthcare); Series 2024, RB<br>| 5.50% | 11/15/2044 | 250 | &nbsp;&nbsp; 255548 |
| South Carolina (State of) Public Service Authority; Series 2016 A, Ref. RB | 5.00% | 12/01/2035 | 1250 | &nbsp;&nbsp; 1261402 |
|  |  |  |  | &nbsp;&nbsp; 1516950 |
| **Tennessee–2.33%** | **Tennessee–2.33%** | **Tennessee–2.33%** | **Tennessee–2.33%** | **Tennessee–2.33%** |
| Jackson (City of), TN; Series 2015, RB | 5.00% | 04/01/2030 | 1500 | &nbsp;&nbsp; 1500943 |
| Tennessee Energy Acquisition Corp.; Series 2006 B, RB | 5.63% | 09/01/2026 | 1000 | &nbsp;&nbsp; 1014863 |
|  |  |  |  | &nbsp;&nbsp; 2515806 |

---

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

**Invesco SMA Municipal Bond Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–11.53%** | **Texas–11.53%** | **Texas–11.53%** | **Texas–11.53%** | **Texas–11.53%** | **Texas–11.53%** |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas); Series 2024, RB | 5.00% | 08/15/2049 |  | $1100 | &nbsp;&nbsp; $1075170 |
| Austin (City of), TX; Series 2014, RB<sup>(c)(d)(f)</sup> <br>| 5.00% | 01/06/2026 |  | 1500 | &nbsp;&nbsp; 1502943 |
| Dallas (City of), TX (Dallas, Denton, Collin and Rockwall Counties); Series 2016 A, Ref. RB | 5.00% | 10/01/2041 |  | 1000 | &nbsp;&nbsp; 1009934 |
| Harris (County of), TX Municipal Utility District No. 489; Series 2023 A, GO Bonds (INS - AGI)<sup>(e)</sup> <br>| 6.50% | 09/01/2029 |  | 505 | &nbsp;&nbsp; 542388 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. (Brazos Presbyterian Homes, Inc.); <br> Series 2016, Ref. RB<br>| 5.00% | 01/01/2037 |  | 750 | &nbsp;&nbsp; 750348 |
| Houston (City of), TX; Series 2024 B, RB<sup>(c)</sup> <br>| 5.50% | 07/15/2036 |  | 1000 | &nbsp;&nbsp; 1092184 |
| Houston (City of), TX Airport System (United Airlines, Inc.); Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 07/15/2028 |  | 500 | &nbsp;&nbsp; 514285 |
| Mission Economic Development Corp. (Green Bonds); Series 2025, RB<sup>(c)(d)</sup> <br>| 5.00% | 06/01/2030 |  | 500 | &nbsp;&nbsp; 519796 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(a)(c)</sup> <br>| 4.63% | 10/01/2031 |  | 1360 | &nbsp;&nbsp; 1364022 |
| New Hope Cultural Education Facilities Finance Corp.; Series 2025 A, RB | 6.25% | 10/01/2045 |  | 1000 | &nbsp;&nbsp; 1040511 |
| North East Texas Regional Mobility Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(d)(f)</sup> <br>| 5.00% | 01/01/2026 |  | 1280 | &nbsp;&nbsp; 1282369 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 01/01/2041 |  | 600 | &nbsp;&nbsp; 649276 |
| Texas Transportation Finance Corp.; Series 2025 A, RB | 5.00% | 10/01/2043 |  | 1000 | &nbsp;&nbsp; 1088698 |
|  |  |  |  |  | &nbsp;&nbsp; 12431924 |
| **Utah–1.44%** | **Utah–1.44%** | **Utah–1.44%** | **Utah–1.44%** | **Utah–1.44%** | **Utah–1.44%** |
| Point Phase 1 Public Infrastructure District No. 1; Series 2025 A-1, RB | 5.88% | 03/01/2045 |  | 1500 | &nbsp;&nbsp; 1551206 |
| **Washington–2.10%** | **Washington–2.10%** | **Washington–2.10%** | **Washington–2.10%** | **Washington–2.10%** | **Washington–2.10%** |
| Washington (State of) Health Care Facilities Authority (CommonSpirit Health); Series 2025 A, Ref. RB | 5.00% | 09/01/2043 |  | 1200 | &nbsp;&nbsp; 1268168 |
| Washington (State of) Housing Finance Commission (Horizon House); Series 2025 A, Ref. RB | 6.00% | 01/01/2046 |  | 1000 | &nbsp;&nbsp; 995357 |
|  |  |  |  |  | &nbsp;&nbsp; 2263525 |
| **Wisconsin–4.39%** | **Wisconsin–4.39%** | **Wisconsin–4.39%** | **Wisconsin–4.39%** | **Wisconsin–4.39%** | **Wisconsin–4.39%** |
| Wisconsin (State of) Public Finance Authority (Campo Del Sol); Series 2025, RB<sup>(a)(b)</sup> <br>| 0.00% | 12/15/2033 |  | 1700 | &nbsp;&nbsp; 1026707 |
| Wisconsin (State of) Public Finance Authority (Cherokee Classical Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 6.00% | 06/15/2035 |  | 250 | &nbsp;&nbsp; 258187 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB<sup>(a)</sup> <br>| 6.50% | 06/15/2045 |  | 400 | &nbsp;&nbsp; 397447 |
| Wisconsin (State of) Public Finance Authority (Explore Academy Rio Rancho); Series 2025 A, RB<sup>(a)</sup> <br>| 6.75% | 07/01/2045 |  | 1000 | &nbsp;&nbsp; 1006355 |
| Wisconsin (State of) Public Finance Authority (Milo Farms Project); Series 2025, RB<sup>(a)(b)</sup> <br>| 0.00% | 12/15/2039 |  | 1500 | &nbsp;&nbsp; 528033 |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 A, RB | 5.00% | 12/01/2027 |  | 110 | &nbsp;&nbsp; 111326 |
| Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center); Series 2016, Ref. RB | 5.00% | 06/01/2040 |  | 1400 | &nbsp;&nbsp; 1405551 |
|  |  |  |  |  | &nbsp;&nbsp; 4733606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $104,570,497) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $104,570,497) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $104,570,497) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $104,570,497) |  | &nbsp;&nbsp; 106254973 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** |
| &nbsp;&nbsp;&nbsp; BL Train Holdings West LLC; Wts. expiring 12/01/2025 <br>(Cost $0)<sup>(h)</sup> <br>|  |  |  | 4500 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–98.52% (Cost $104,570,497) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–98.52% (Cost $104,570,497) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–98.52% (Cost $104,570,497) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–98.52% (Cost $104,570,497) |  | &nbsp;&nbsp; 106254973 |
| OTHER ASSETS LESS LIABILITIES–1.48% | OTHER ASSETS LESS LIABILITIES–1.48% | OTHER ASSETS LESS LIABILITIES–1.48% | OTHER ASSETS LESS LIABILITIES–1.48% |  | &nbsp;&nbsp; 1599704 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $107854677 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

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

**Invesco SMA Municipal Bond Fund**

------

Notes to Schedule of Investments:

<sup>(a)</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 November 30, 2025 was $24,500,993, which represented 22.72% of the Fund's Net Assets. 

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

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

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

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

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

<sup>(g)</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 November 30, 2025. 

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

<sup>(i)</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 issuer's obligations. No concentration of any single entity was greater than 5% each. 

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 SMA Municipal Bond Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 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 November 30, 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; $106254973 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $106254973 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $106254973 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $106254973 |

---

**Invesco SMA Municipal Bond Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AIM Counselor Series Trust (Invesco Counselor Series Trust)

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Invesco SMA Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000079749

- **c. LEI of Series:** 549300FXSGYTEW4M5F10

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $110211910.03

**Total Liabilities:** $1974432.84

**Net Assets:** $108237477.19

**Delayed Delivery Securities:** $979390.00

**Cash Not Reported:** $1042565.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -528.48208661 | **1-Year:** -2216.08119899 | **5-Year:** -4606.10424690 | **10-Year:** -13675.32666451 | **30-Year:** -3211.25052262

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

- **3-Month:** -181.29450720 | **1-Year:** -1907.76497923 | **5-Year:** -5649.49618717 | **10-Year:** -10693.78721013 | **30-Year:** -1891.20979857

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241066 | 1.28%                | 0.87%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9776.59                | $1024163.22                                |
| Month 2  | $8275.92                 | $488147.33                                 |
| Month 3  | $70026.82                | $24698.52                                  |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy)                              | Pima (County of), AZ Industrial Development Authority (The) (American Leadership Academy), Series 2015, Ref. RB                         | CUSIP: 72177MQZ3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249976.63   | 1.15%             | 2045-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                     | South Carolina (State of) Public Service Authority, Series 2016 A, Ref. RB                                                              | CUSIP: 837151QA0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1261402.25   | 1.17%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services)                     | Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services), Series 2016 A, RB                   | CUSIP: 60635HU72<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001293.40   | 0.93%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc. (Greenup Hydroelectric)                                                                 | American Municipal Power, Inc. (Greenup Hydroelectric), Series 2016 A, RB                                                               | CUSIP: 02765UKK9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004990.80   | 0.93%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                             | Illinois (State of) Toll Highway Authority, Series 2016 B, RB                                                                           | CUSIP: 452252LX5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256515.63   | 1.16%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)              | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB         | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250122.90    | 0.23%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                           | North East Texas Regional Mobility Authority, Series 2016 A, RB                                                                         | CUSIP: 659231AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1282368.77   | 1.18%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center)                                         | Wisconsin (State of) Public Finance Authority (Renown Regional Medical Center), Series 2016, Ref. RB                                    | CUSIP: 74442CBS2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1405550.72   | 1.30%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas (City of), TX (Dallas, Denton, Collin and Rockwall Counties)                                                    | Dallas (City of), TX (Dallas, Denton, Collin and Rockwall Counties), Series 2016 A, Ref. RB                                             | CUSIP: 23542JBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009934.30   | 0.93%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement)        | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement), Series 2015, RB        | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254749.25   | 1.16%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music)                                  | Massachusetts (Commonwealth of) Development Finance Agency (Berklee College of Music), Series 2016, RB                                  | CUSIP: 57584XUT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010220.40   | 0.93%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                     | Tennessee Energy Acquisition Corp., Series 2006 B, RB                                                                                   | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014863.30   | 0.94%             | 2026-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Crawford (County of), PA Hospital Authority Meadville Medical Center)                                                  | Crawford (County of), PA Hospital Authority Meadville Medical Center), Series 2016 A, Ref. RB                                           | CUSIP: 225004AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002974.90   | 0.93%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                   | Chicago (City of), IL (O'Hare International Airport), Series 2016 B, Ref. RB                                                            | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200683.16   | 1.11%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                         | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                    | CUSIP: 170692CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503399.15   | 1.39%             | 2036-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (American Charter Schools Foundation)                              | Arizona (State of) Industrial Development Authority (American Charter Schools Foundation), Series 2017, Ref. RB                         | CUSIP: 04052BAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1219001.16   | 1.13%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                          | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                     | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259872.88   | 1.16%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Higher Education Facilities Authority (Bethel University)                                         | Minnesota (State of) Higher Education Facilities Authority (Bethel University), Series 2017, Ref. RB                                    | CUSIP: 60416H3X0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1756660.68   | 1.62%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The))                                 | Berks (County of), PA Industrial Development Authority (Highlands at Wyomissing (The)), Series 2017 A, Ref. RB                          | CUSIP: 08452RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1380086.25   | 1.28%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.)                                   | Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.), Series 2017, Ref. RB                              | CUSIP: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1301484.87   | 1.20%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL                                                                                              | Miami Beach (City of), FL, Series 2017, Ref. RB                                                                                         | CUSIP: 59324PEC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251910.10    | 0.23%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.)                                      | Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.), Series 2018 A, RB                                    | CUSIP: 74442PFS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111326.47    | 0.10%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center)                              | Allentown (City of), PA Neighborhood Improvement Zone Development Authority (City Center), Series 2018, RB                              | CUSIP: 018444BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159060.01    | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Natgasoline)                                                                       | Mission Economic Development Corp. (Natgasoline), Series 2018, Ref. RB                                                                  | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1364022.06   | 1.26%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mishawaka (City of), IN (Silver Birch of Mishwaka)                                                                     | Mishawaka (City of), IN (Silver Birch of Mishwaka), Series 2017, RB                                                                     | CUSIP: 604786AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $170968.95    | 0.16%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                | District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB                                                                | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031377.80   | 0.95%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Fort Wayne (City of), IN (Silver Birch of Fort Wayne)                                                                  | Fort Wayne (City of), IN (Silver Birch of Fort Wayne), Series 2017, RB                                                                  | CUSIP: 34926RAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $426019.22    | 0.39%             | 2032-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                     | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                              | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400131.46   | 1.29%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Evansville (City of), IN (Silver Birch of Evansville)                                                                  | Evansville (City of), IN (Silver Birch of Evansville), Series 2017, RB                                                                  | CUSIP: 299351AF3<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |    245000 | PA      | $239679.02    | 0.22%             | 2028-01-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                           | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                           | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514285.40    | 0.48%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates)                                       | Polk (County of), FL Industrial Development Authority (Carpenter's Home Estates), Series 2019, RB                                       | CUSIP: 73112JAB6<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018221.00   | 1.86%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aurora (City of), IL                                                                                                   | Aurora (City of), IL, Series 2014, RB                                                                                                   | CUSIP: 052398EK6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502942.70   | 1.39%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority  (Trinity Health Credit Group)                                            | Idaho (State of) Health Facilities Authority  (Trinity Health Credit Group), Series 2015, RB                                            | CUSIP: 451295XL8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508075.70   | 1.39%             | 2027-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (OSF Healthcare System)                                                          | Illinois (State of) Finance Authority (OSF Healthcare System), Series 2015 A, Ref. RB                                                   | CUSIP: 45203H5D0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1135803.81   | 1.05%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                    | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                    | CUSIP: 67759YAX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1374994.78   | 1.27%             | 2039-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The)                                           | Phoenix (City of), AZ Industrial Development Authority (Basis Schools) (The), Series 2015, Ref. RB                                      | CUSIP: 71885FDP9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1427877.45   | 1.32%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools)                                    | Phoenix (City of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2016, RB                                    | CUSIP: 71885FFG7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966407.00    | 0.89%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Kenyon College)                                                | Ohio (State of) Higher Educational Facility Commission (Kenyon College), Series 2015, Ref. RB                                           | CUSIP: 67756DFW1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250192.28    | 0.23%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Vista (The))                                                      | New Hampshire (State of) Business Finance Authority (Vista (The)), Series 2019 A, RB                                                    | CUSIP: 63607YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1559112.92   | 1.44%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools)                                 | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional Schools), Series 2019, Ref. RB                            | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254525.50    | 0.24%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                           | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                       | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    213791 | PA      | $219368.29    | 0.20%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)              | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2020, Ref. RB         | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1130721.53   | 1.04%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                 | New York (City of), NY, Subseries 2017 B-5, VRD GO Bonds                                                                                | CUSIP: 64966MSD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.28%             | 2046-10-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District)                         | Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016, RB                         | CUSIP: 85732GXD7<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1536075.67   | 1.42%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson (City of), TN                                                                                                  | Jackson (City of), TN, Series 2015, RB                                                                                                  | CUSIP: 46874TGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500942.60   | 1.39%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                           | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    300000 | PA      | $345163.11    | 0.32%             | 2042-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Cultural Education Facilities Finance (Harris County), TX                                                              | Cultural Education Facilities Finance (Harris County), TX, Series 2016, RB                                                              | CUSIP: 414009LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750348.30    | 0.69%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                          | Main Street Natural Gas, Inc., Series 2023 A, RB                                                                                        | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    475000 | PA      | $502751.40    | 0.46%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                   | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                      | CUSIP: 7352403D3<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |    300000 | PA      | $331396.32    | 0.31%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Industrial Development Authority (Constellation Energy Generation, LLC)                     | Montgomery (County of), PA Industrial Development Authority (Constellation Energy Generation, LLC), Series 2023 B, Ref. RB              | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258053.15    | 0.24%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Whiting (City of), IN (BP Products North America, Inc.)                                                                | Whiting (City of), IN (BP Products North America, Inc.), Series 2015, RB                                                                | CUSIP: 96634RAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264178.65    | 0.24%             | 2031-06-10      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (New York Law School)                                                                         | Build NYC Resource Corp. (New York Law School), Series 2016, RB                                                                         | CUSIP: 12008ELJ3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500707.40   | 1.39%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep)                                           | Pima (County of), AZ Industrial Development Authority (The) (Riverbend Prep), Series 2010, RB                                           | CUSIP: 72177MMF1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    954000 | PA      | $954292.59    | 0.88%             | 2037-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                 | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                 | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050879.40   | 0.97%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                     | Kentucky (Commonwealth of) Public Energy Authority, Series 2024 A, RB                                                                   | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1593204.90   | 1.47%             | 2030-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Kissimmee Charter Academy)                                                         | Capital Projects Finance Authority (Kissimmee Charter Academy), Series 2024, RB                                                         | CUSIP: 14043FAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256652.45    | 0.24%             | 2044-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                        | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                   | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497184.85    | 0.46%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Great Hearts America - Texas)                                                | Arlington Higher Education Finance Corp. (Great Hearts America - Texas), Series 2024, RB                                                | CUSIP: 041807GZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1075169.70   | 0.99%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4)                                                            | Morrow (Port of), OR (Bonneville Cooperation Project No. 4), Series 2024 A, GO Bonds                                                    | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250119.25   | 1.15%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bethel (City of), MN (Spectrum High School)                                                                            | Bethel (City of), MN (Spectrum High School), Series 2024, RB                                                                            | CUSIP: 086759AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $232767.23    | 0.22%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                   | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                      | CUSIP: 440365JM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255742.00    | 0.24%             | 2039-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255547.63    | 0.24%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                                  | Houston (City of), TX, Series 2024 B, RB                                                                                                | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092184.30   | 1.01%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                        | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2012, RB                        | CUSIP: 791524BP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $915590.18    | 0.85%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion (City of), IL (Star Bond District Project Area No. 1)                                                           | Marion (City of), IL (Star Bond District Project Area No. 1), Series 2025, RB                                                           | CUSIP: 569498AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $896218.18    | 0.83%             | 2045-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                   | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                 | CUSIP: 64542UHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040511.00   | 0.96%             | 2045-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Unidy Properties LLC)                                                            | Indiana (State of) Finance Authority (Unidy Properties LLC), Series 2025, RB                                                            | CUSIP: 45471FBE0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034712.50   | 0.96%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                  | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                | CUSIP: 14043HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518154.75    | 0.48%             | 2035-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Brown University)                                          | Massachusetts (Commonwealth of) Development Finance Agency (Brown University), Series 2025, RB                                          | CUSIP: 57585BJZ2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577128.65   | 1.46%             | 2044-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough)                                                         | Capital Trust Agency, Inc. (Advantage Academy of Hillsborough), Series 2019, RB                                                         | CUSIP: 14054CBY4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1324227.96   | 1.22%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University)                                        | Massachusetts (Commonwealth of) Development Finance Agency (Suffolk University), Series 2025, Ref. RB                                   | CUSIP: 57585BKG2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518298.35    | 0.48%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp. (Green Bonds)                                                                       | Mission Economic Development Corp. (Green Bonds), Series 2025, RB                                                                       | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519795.80    | 0.48%             | 2030-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (John Carroll University)                                       | Ohio (State of) Higher Educational Facility Commission (John Carroll University), Series 2025, RB                                       | CUSIP: 67756DY34<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504188.70    | 0.47%             | 2045-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eisenhower Medical Centers)                                         | California (State of) Municipal Finance Authority (Eisenhower Medical Centers), Series 2017 B, Ref. RB                                  | CUSIP: 13048T5E9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1112680.52   | 1.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                                                            | New Hampshire Health and Education Facilities Authority Act, Series 2015, RB                                                            | CUSIP: 6446143A5<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1751933.75   | 1.62%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz (County of), AZ Industrial Development Authority (Kilgore)                                                      | La Paz (County of), AZ Industrial Development Authority (Kilgore), Series 2025, RB                                                      | CUSIP: 50376JAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $545534.60    | 0.50%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Two Ridges Community Development District                                                                              | Two Ridges Community Development District, Series 2025, RB                                                                              | CUSIP: 90207NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517575.50    | 0.48%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Municipal Utility District No. 489                                                              | Harris (County of), TX Municipal Utility District No. 489, Series 2023, GO Bonds                                                        | CUSIP: 41423LMU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $542388.13    | 0.50%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional School)                                  | Maricopa (County of), AZ Industrial Development Authority (Legacy Traditional School), Series 2025, RB                                  | CUSIP: 56681NJE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $1029985.71   | 0.95%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Housing Finance Authority (Woodland Park II)                                                   | Alachua (County of), FL Housing Finance Authority (Woodland Park II), Series 2025, RB                                                   | CUSIP: 01068LAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1356572.21   | 1.25%             | 2028-07-01      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                               | Public Finance Authority, Series 2025, RB                                                                                               | CUSIP: 74442PQ32<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1026707.18   | 0.95%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                                                                     | Point Phase 1 Public Infrastructure District No. 1, Series 2025, RB                                                                     | CUSIP: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1551206.25   | 1.43%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                    | New Hampshire (State of) Business Finance Authority, Series 2025, RB                                                                    | CUSIP: 63607WBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014296.00   | 0.94%             | 2037-09-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority (Milo Farms Project)                                                                          | Public Finance Authority (Milo Farms Project), Series 2025, RB                                                                          | CUSIP: 74442PP25<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $528032.85    | 0.49%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission                                                                 | Ohio (State of) Higher Educational Facility Commission, Series 2016, RB                                                                 | CUSIP: 67756DLX2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1420556.67   | 1.31%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Missouri Baptist University)                            | Missouri (State of) Health & Educational Facilities Authority (Missouri Baptist University), Series 2025, Ref. RB                       | CUSIP: 60636AXT5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008601.30   | 0.93%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy)                                 | Sierra (City of), AZ Vista Industrial Development Authority (Wake Preparatory Academy), Series 2025, RB                                 | CUSIP: 82652UBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529881.05   | 1.41%             | 2045-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission (Bridgeprep Academy)                                                       | Florida Local Government Finance Commission (Bridgeprep Academy), Series 2025, RB                                                       | CUSIP: 34077EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1331091.92   | 1.23%             | 2040-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority (Liberty Assisted Living Springfield)                                          | Dayton-Montgomery County Port Authority (Liberty Assisted Living Springfield), Series 2025, RB                                          | CUSIP: 23982CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041185.90   | 0.96%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                                                             | Finance Authority of Maine, Series 2015, RB                                                                                             | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034957.30   | 0.96%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Sunrise of Long Beach)                                                 | California (State of) Public Finance Authority (Sunrise of Long Beach), Series 2025, RB                                                 | CUSIP: 13057TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1322362.75   | 1.22%             | 2040-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Grace Christian School)                                           | New Hampshire (State of) Business Finance Authority (Grace Christian School), Series 2025, RB                                           | CUSIP: 63607EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011958.10   | 0.93%             | 2040-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                               | Public Finance Authority, Series 2025, RB                                                                                               | CUSIP: 744396KP6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258187.18    | 0.24%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                               | Public Finance Authority, Series 2025, RB                                                                                               | CUSIP: 744396KQ4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $397446.76    | 0.37%             | 2045-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                                                  | County of Hamilton OH, Series 2025, RB                                                                                                  | CUSIP: 40727RDE5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1102626.03   | 1.02%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                           | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                           | CUSIP: 804828AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $913092.02    | 0.84%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St. James LA                                                                                                 | Parish of St. James LA, Series 2011, RB                                                                                                 | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606589.92    | 0.56%             | 2030-06-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                                  | Metropolitan Transportation Authority, Series 2025, RB                                                                                  | CUSIP: 59261A6E2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066668.60   | 0.99%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 102 La Grange                                                                           | Cook County School District No 102 La Grange, Series 2025, GO Bonds                                                                     | CUSIP: 214435NP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1292338.31   | 1.19%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                               | Public Finance Authority, Series 2025, RB                                                                                               | CUSIP: 74443DMJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006354.80   | 0.93%             | 2045-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                           | North East Texas Regional Mobility Authority, Series 2025, RB                                                                           | CUSIP: 659231BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $649275.84    | 0.60%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp.                                                                                     | Texas Transportation Finance Corp., Series 2025, RB                                                                                     | CUSIP: 88283PAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088697.40   | 1.01%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                                                               | Build NYC Resource Corp., Series 2025, RB                                                                                               | CUSIP: 12008EWU6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992302.90    | 0.92%             | 2045-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                                                   | Chicago Midway International Airport, Series 2025, RB                                                                                   | CUSIP: 167562VS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079103.20   | 1.00%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                                          | Delaware State Economic Development Authority, Series 2020, RB                                                                          | CUSIP: 246387SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014666.80   | 0.94%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                                            | Washington Health Care Facilities Authority, Series 2025, RB                                                                            | CUSIP: 93978HF34<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1268168.52   | 1.17%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                         | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                         | CUSIP: 64613CHM3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079040.80   | 1.00%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                            | Washington State Housing Finance Commission, Series 2025, RB                                                                            | CUSIP: 939783Z33<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995356.70    | 0.92%             | 2046-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                                  | California Infrastructure & Economic Development Bank, Series 2025, RB                                                                  | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    545000 | PA      | $463250.00    | 0.43%             | 2026-11-02      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| BL Train Holdings West LLC                                                                                             | BL Train Holdings West LLC                                                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      4500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)               | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2014, RB               | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501144.15    | 0.46%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                                                       | Commonwealth Financing Authority, Series 2015, RB                                                                                       | CUSIP: 20281PJQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256316.25   | 1.16%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH                                                                                               | Franklin (County of), OH, Series 2015, RB                                                                                               | CUSIP: 353187CQ8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251477.25   | 1.16%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer