# EDGAR Filing Document

**Accession Number:** 0001112996
**File Stem:** 0001112996-26-000056
**Filing Date:** 2026-1
**Character Count:** 468081
**Document Hash:** 3acaba5c8ca9af62079811560bd479f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001112996-26-000056.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001112996-26-000056

**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:** 26575368

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

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

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

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

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

## Series and Classes Contracts Data

### Invesco Short Term Municipal Fund (Series ID: S000064614)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209154 | Class Y      |  |
| C000209155 | Class R6     |  |
| C000209156 | Class A      |  |

## 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–97.00%** | **Municipal Obligations–97.00%** | **Municipal Obligations–97.00%** | **Municipal Obligations–97.00%** | **Municipal Obligations–97.00%** |
| **Alabama–3.61%** | **Alabama–3.61%** | **Alabama–3.61%** | **Alabama–3.61%** | **Alabama–3.61%** |
| &nbsp;&nbsp;&nbsp; Baldwin (County of), AL Public Building Authority (DHR); Series 2007 A, Revenue Wts. (INS - <br> SGI)<sup>(a)</sup> <br>| 4.38% | 06/01/2028 | $10 | &nbsp;&nbsp; $10008 |
| Black Belt Energy Gas District (The); Series 2024 A, RB<sup>(b)</sup> <br>| 5.25% | 09/01/2032 | 1585 | &nbsp;&nbsp; 1739111 |
| Black Belt Energy Gas District (The) (No. 4); Series 2019 A-1, RB<sup>(b)(c)</sup> <br>| 4.00% | 12/01/2025 | 20675 | &nbsp;&nbsp; 20675000 |
| Black Belt Energy Gas District (The) (No. 5); Series 2020 A-1, RB<sup>(b)</sup> <br>| 4.00% | 10/01/2026 | 5000 | &nbsp;&nbsp; 5040450 |
| Black Belt Energy Gas District (The) (No. 7); Series 2021, RB<sup>(b)</sup> <br>| 4.00% | 12/01/2026 | 8820 | &nbsp;&nbsp; 8872529 |
| &nbsp;&nbsp;&nbsp; Mobile (City of), AL Industrial Development Board (Alabama Power Co. Barry Plant); <br> Series 2008, RB<sup>(b)</sup> <br>| 3.30% | 03/12/2026 | 3500 | &nbsp;&nbsp; 3502854 |
| Southeast Energy Authority A Cooperative District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 D, RB | 5.00% | 09/01/2029 | 685 | &nbsp;&nbsp; 722278 |
| &nbsp;&nbsp;&nbsp; Series 2025 D, RB | 5.00% | 09/01/2030 | 685 | &nbsp;&nbsp; 732447 |
| &nbsp;&nbsp;&nbsp; Series 2025 E, RB | 5.00% | 10/01/2030 | 10000 | &nbsp;&nbsp; 10767685 |
| Tender Option Bond Trust Receipts/Certificates; Series 2022, VRD RB<sup>(d)(e)</sup> <br>| 1.75% | 02/01/2028 | 5000 | &nbsp;&nbsp; 5000000 |
|  |  |  |  | &nbsp;&nbsp; 57062362 |
| **Alaska–0.23%** | **Alaska–0.23%** | **Alaska–0.23%** | **Alaska–0.23%** | **Alaska–0.23%** |
| Alaska (State of); Series 2025 A, Ref. RB | 5.00% | 10/01/2026 | 510 | &nbsp;&nbsp; 519683 |
| Alaska Housing Finance Corp.; Series 2025 A, Ref. RB | 5.00% | 12/01/2029 | 2000 | &nbsp;&nbsp; 2160098 |
| Northern Tobacco Securitization Corp.; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2050 | 930 | &nbsp;&nbsp; 910355 |
|  |  |  |  | &nbsp;&nbsp; 3590136 |
| **Arizona–2.94%** | **Arizona–2.94%** | **Arizona–2.94%** | **Arizona–2.94%** | **Arizona–2.94%** |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Game & Fish Department & Commission (AGF Administration Building); <br> Series 2006, RB<br>| 5.00% | 07/01/2032 | 105 | &nbsp;&nbsp; 106338 |
| Arizona (State of) Industrial Development Authority; Series 2024, RB<sup>(b)</sup> <br>| 5.00% | 09/01/2026 | 1000 | &nbsp;&nbsp; 1013333 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Academies of Math & Science); <br> Series 2025, RB<sup>(b)(d)</sup> <br>| 4.88% | 07/01/2035 | 500 | &nbsp;&nbsp; 499441 |
| Arizona (State of) Industrial Development Authority (Social Bonds); Series 2023, RB | 5.00% | 11/01/2028 | 1500 | &nbsp;&nbsp; 1565651 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Unity at West Glendale); Series 2024, <br> RB<sup>(b)</sup> <br>| 5.00% | 09/01/2026 | 1100 | &nbsp;&nbsp; 1109036 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2022-1, RB<sup>(b)(f)</sup> <br>| 5.00% | 09/01/2027 | 10000 | &nbsp;&nbsp; 10164743 |
| Glendale (City of), AZ; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 07/01/2026 | 1500 | &nbsp;&nbsp; 1520855 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 07/01/2031 | 2000 | &nbsp;&nbsp; 2260135 |
| &nbsp;&nbsp;&nbsp; Glendale (City of), AZ Industrial Development Authority (Midwestern University); Series 2025, <br> RB<br>| 5.00% | 05/15/2027 | 500 | &nbsp;&nbsp; 516225 |
| La Paz (County of), AZ Industrial Development Authority (Kilgore); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2034 | 1000 | &nbsp;&nbsp; 545535 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group); <br> Series 2016, Ref. RB<br>| 5.00% | 01/01/2034 | 4935 | &nbsp;&nbsp; 5044324 |
| Maricopa County Unified School District No. 69 Paradise Valley; Series 2025 A, GO Bonds | 5.00% | 07/01/2026 | 1000 | &nbsp;&nbsp; 1013787 |
| &nbsp;&nbsp;&nbsp; Maricopa County Union High School District No. 210-Phoenix (2023); Series 2025 B, GO <br> Bonds<br>| 5.00% | 07/01/2027 | 1000 | &nbsp;&nbsp; 1039070 |
| Phoenix (City of), AZ Industrial Development Authority (Broadway Farms); Series 2025, RB<sup>(b)</sup> <br>| 3.10% | 02/01/2028 | 4000 | &nbsp;&nbsp; 4004272 |
| Phoenix Civic Improvement Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 B, Ref. RB | 5.00% | 07/01/2027 | 2565 | &nbsp;&nbsp; 2574020 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2038 | 5145 | &nbsp;&nbsp; 5190766 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)); <br> Series 2016, Ref. RB<sup>(d)</sup> <br>| 5.00% | 09/01/2026 | 25 | &nbsp;&nbsp; 25045 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (Leading Edge Academy Maricopa); <br> Series 2015, RB<sup>(b)(c)(d)</sup> <br>| 6.25% | 12/01/2025 | 4820 | &nbsp;&nbsp; 4820000 |
| Pinal (county of), AZ; Series 2025, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 08/01/2031 | 1100 | &nbsp;&nbsp; 1239302 |
| Pinal County Electric District No. 3; Series 2016, Ref. RB | 5.00% | 07/01/2035 | 1100 | &nbsp;&nbsp; 1108577 |
| Sun Devil Energy Center LLC (Arizona State University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008, Ref. RB | 5.00% | 07/01/2027 | 100 | &nbsp;&nbsp; 100147 |
| &nbsp;&nbsp;&nbsp; Series 2008, Ref. RB | 5.00% | 07/01/2030 | 155 | &nbsp;&nbsp; 155219 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** | **Arizona–(continued)** |
| &nbsp;&nbsp;&nbsp; Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center); <br> Series 2024, Ref. RB<br>| 5.00% | 08/01/2035 | $500 | &nbsp;&nbsp; $569191 |
| Yuma County Library District; Series 2025, Ref. GO Bonds (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2027 | 285 | &nbsp;&nbsp; 295009 |
|  |  |  |  | &nbsp;&nbsp; 46480021 |
| **Arkansas–0.07%** | **Arkansas–0.07%** | **Arkansas–0.07%** | **Arkansas–0.07%** | **Arkansas–0.07%** |
| Fort Smith (City of), AR; Series 2015, Ref. RB | 5.00% | 10/01/2030 | 1130 | &nbsp;&nbsp; 1131419 |
| **California–2.21%** | **California–2.21%** | **California–2.21%** | **California–2.21%** | **California–2.21%** |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. GO Bonds | 5.00% | 10/01/2026 | 5 | &nbsp;&nbsp; 5010 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. GO Bonds | 5.00% | 10/01/2034 | 145 | &nbsp;&nbsp; 145214 |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.25% | 04/01/2030 | 2945 | &nbsp;&nbsp; 3151229 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 04/01/2029 | 500 | &nbsp;&nbsp; 527056 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/01/2029 | 1000 | &nbsp;&nbsp; 1061857 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 04/01/2030 | 1000 | &nbsp;&nbsp; 1069809 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/01/2030 | 1750 | &nbsp;&nbsp; 1886310 |
| California (State of) Health Facilities Financing Authority; Series 2024 A, RB | 3.85% | 11/15/2027 | 1850 | &nbsp;&nbsp; 1851560 |
| California (State of) Health Facilities Financing Authority (Sutter Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2032 | 1285 | &nbsp;&nbsp; 1343214 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 11/15/2032 | 1630 | &nbsp;&nbsp; 1703844 |
| California (State of) Housing Finance Agency (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Revenue Ctfs. (CEP - FHLMC) | 3.75% | 03/25/2035 | 3766 | &nbsp;&nbsp; 3806413 |
| &nbsp;&nbsp;&nbsp; Series 2023-1, RB | 4.38% | 09/20/2036 | 2441 | &nbsp;&nbsp; 2525923 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Clean Water Revolving Fund) <br> (Green Bonds); Series 2025, Ref. RB<sup>(b)(f)</sup> <br>| 12.00% | 11/02/2026 | 1445 | &nbsp;&nbsp; 1228250 |
| &nbsp;&nbsp;&nbsp; California (State of) Public Works Board (California Community Colleges); Series 2005 E, RB <br> (INS - NATL)<sup>(a)</sup> <br>| 4.50% | 10/01/2026 | 170 | &nbsp;&nbsp; 170257 |
| East Side Union High School District (Election of 2016); Series 2025 D, GO Bonds | 5.00% | 08/01/2027 | 4000 | &nbsp;&nbsp; 4178470 |
| &nbsp;&nbsp;&nbsp; Howell Mountain Elementary School District (Election of 2005); Series 2007, GO Bonds (INS - <br> AGI)<sup>(a)(g)</sup> <br>| 0.00% | 08/01/2027 | 345 | &nbsp;&nbsp; 326870 |
| Imperial Irrigation District; Series 2012 A, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 12/19/2025 | 225 | &nbsp;&nbsp; 225264 |
| Long Beach Unified School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. GO Bonds | 5.00% | 08/01/2028 | 775 | &nbsp;&nbsp; 778805 |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. GO Bonds | 5.00% | 08/01/2029 | 100 | &nbsp;&nbsp; 100490 |
| Los Angeles (City of), CA; Series 2025, RN | 5.00% | 06/25/2026 | 2000 | &nbsp;&nbsp; 2029775 |
| Northern California Energy Authority; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.00% | 08/01/2030 | 3600 | &nbsp;&nbsp; 3873816 |
| Northern California Tobacco Securitization Authority; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 | 590 | &nbsp;&nbsp; 580629 |
| Pasadena (City of), CA; Series 2015 A, Ref. COP | 5.00% | 02/01/2031 | 1000 | &nbsp;&nbsp; 1001433 |
| Peninsula Corridor Joint Powers Board; Series 2019 A, Ref. RB | 5.00% | 10/01/2044 | 1285 | &nbsp;&nbsp; 1296722 |
| Riverside Community College District; Series 2023, COP | 5.00% | 06/01/2037 | 120 | &nbsp;&nbsp; 120128 |
|  |  |  |  | &nbsp;&nbsp; 34988348 |
| **Colorado–2.19%** | **Colorado–2.19%** | **Colorado–2.19%** | **Colorado–2.19%** | **Colorado–2.19%** |
| Adams & Arapahoe Joint School District No. 28J Aurora; Series 2017 A, Ref. GO Bonds | 5.00% | 12/01/2032 | 2700 | &nbsp;&nbsp; 2760286 |
| Colorado (State of); Series 2025, COP | 5.00% | 03/15/2027 | 500 | &nbsp;&nbsp; 514810 |
| Colorado (State of) Department of Transportation; Series 2016, COP | 5.00% | 06/15/2035 | 1330 | &nbsp;&nbsp; 1343088 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Health Facilities Authority (Aberdeen Ridge); Series 2021 B, RB (Acquired <br> 12/15/2021; Cost $820,000)<sup>(h)</sup> <br>| 2.13% | 05/15/2028 | 820 | &nbsp;&nbsp; 812243 |
| Colorado (State of) Regional Transportation District (Fastracks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 11/01/2036 | 2715 | &nbsp;&nbsp; 2758445 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 11/01/2033 | 1000 | &nbsp;&nbsp; 1019006 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 11/01/2036 | 2940 | &nbsp;&nbsp; 2987045 |
| Colorado Springs (City of), CO; Series 2006 B, VRD RB<sup>(e)</sup> <br>| 2.87% | 11/01/2036 | 6940 | &nbsp;&nbsp; 6940000 |
| Denver City & County School District No. 1; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.00% | 12/01/2026 | 1000 | &nbsp;&nbsp; 1024526 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.25% | 12/01/2036 | 1500 | &nbsp;&nbsp; 1779962 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Fort Collins Urban Renewal Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/01/2026 | $765 | &nbsp;&nbsp; $779494 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/01/2028 | 1180 | &nbsp;&nbsp; 1244644 |
| Fort Collins-Loveland Water District; Series 2025, RB | 5.00% | 12/01/2027 | 1000 | &nbsp;&nbsp; 1047528 |
| Larimer County School District No. R-1 Poudre; Series 2018, GO Bonds | 5.00% | 12/15/2040 | 2660 | &nbsp;&nbsp; 2782358 |
| Park Creek Metropolitan District; Series 2025, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/01/2032 | 775 | &nbsp;&nbsp; 880003 |
| Rio Blanco County School District No. Re-1 Meeker; Series 2014, Ref. GO Bonds | 4.50% | 12/01/2025 | 1685 | &nbsp;&nbsp; 1685000 |
| &nbsp;&nbsp;&nbsp; St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and <br> County of Broomfield); Series 2024, GO Bonds<br>| 5.00% | 12/15/2025 | 1000 | &nbsp;&nbsp; 1000942 |
| Weld County School District No. Re-1; Series 2017, GO Bonds (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/15/2031 | 1500 | &nbsp;&nbsp; 1528869 |
| Weld County School District No. RE-7 Platte Valley; Series 2024, GO Bonds | 5.00% | 12/01/2025 | 1735 | &nbsp;&nbsp; 1735000 |
|  |  |  |  | &nbsp;&nbsp; 34623249 |
| **Connecticut–2.10%** | **Connecticut–2.10%** | **Connecticut–2.10%** | **Connecticut–2.10%** | **Connecticut–2.10%** |
| Connecticut (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 E, GO Bonds | 5.00% | 10/15/2034 | 3280 | &nbsp;&nbsp; 3340708 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.00% | 03/15/2026 | 2000 | &nbsp;&nbsp; 2013986 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.00% | 03/15/2027 | 3125 | &nbsp;&nbsp; 3223595 |
| Connecticut (State of) (Transportation Infrastructure); Series 2015 A, RB | 5.00% | 08/01/2028 | 1980 | &nbsp;&nbsp; 1983423 |
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 E, RB | 5.00% | 07/01/2026 | 1000 | &nbsp;&nbsp; 1003348 |
| &nbsp;&nbsp;&nbsp; Series 2014 E, RB | 5.00% | 07/01/2027 | 1265 | &nbsp;&nbsp; 1268894 |
| &nbsp;&nbsp;&nbsp; Connecticut (State of) Health & Educational Facilities Authority (Quinnipiac University); <br> Series 2025, Ref. RB<br>| 5.00% | 07/01/2031 | 3000 | &nbsp;&nbsp; 3353698 |
| Connecticut (State of) Health & Educational Facilities Authority (Yale University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 V-1, VRD RB<sup>(e)</sup> <br>| 3.00% | 07/01/2036 | 10000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2030 | 5000 | &nbsp;&nbsp; 5510324 |
| Connecticut (State of) Housing Finance Authority (Green Bonds); Series 2024, RB<sup>(b)</sup> <br>| 3.35% | 05/15/2027 | 1500 | &nbsp;&nbsp; 1500353 |
|  |  |  |  | &nbsp;&nbsp; 33198329 |
| **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** |
| Delaware State Economic Development Authority (NRG Energy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2035 | 3000 | &nbsp;&nbsp; 3044001 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, Ref. RB<sup>(b)</sup> <br>| 4.00% | 10/01/2035 | 2100 | &nbsp;&nbsp; 2130800 |
|  |  |  |  | &nbsp;&nbsp; 5174801 |
| **District of Columbia–1.95%** | **District of Columbia–1.95%** | **District of Columbia–1.95%** | **District of Columbia–1.95%** | **District of Columbia–1.95%** |
| District of Columbia; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB | 5.00% | 12/01/2026 | 100 | &nbsp;&nbsp; 100164 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 06/01/2027 | 3000 | &nbsp;&nbsp; 3111575 |
| District of Columbia (Children's Hospital Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 07/15/2032 | 1000 | &nbsp;&nbsp; 1002463 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 07/15/2040 | 3190 | &nbsp;&nbsp; 3195024 |
| District of Columbia Housing Finance Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(b)</sup> <br>| 3.35% | 06/01/2026 | 5000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp; Series 2025 A-2, RB (CEP - Federal Housing Administration)<sup>(b)</sup> <br>| 3.60% | 09/01/2030 | 2000 | &nbsp;&nbsp; 2014095 |
| Metropolitan Washington Airports Authority; Series 2010 D, VRD RB (LOC - Td Bank N.A.)<sup>(e)(i)</sup> <br>| 2.79% | 10/01/2040 | 10000 | &nbsp;&nbsp; 10000000 |
| Washington Metropolitan Area Transit Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 B, RB | 5.00% | 07/01/2031 | 1110 | &nbsp;&nbsp; 1148977 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, RB | 5.00% | 07/01/2035 | 1400 | &nbsp;&nbsp; 1441663 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, RB | 5.00% | 07/01/2042 | 3750 | &nbsp;&nbsp; 3814496 |
|  |  |  |  | &nbsp;&nbsp; 30828457 |
| **Florida–8.09%** | **Florida–8.09%** | **Florida–8.09%** | **Florida–8.09%** | **Florida–8.09%** |
| Alachua (County of), FL Housing Finance Authority (Woodland Park II); Series 2025 B, RB<sup>(b)(d)</sup> <br>| 4.90% | 07/01/2028 | 500 | &nbsp;&nbsp; 502434 |
| Board of Governors of Florida Atlantic University; Series 2016 A, Ref. RB | 5.00% | 07/01/2031 | 1000 | &nbsp;&nbsp; 1011048 |
| Broward (County of), FL; Series 2013 B, RB | 5.00% | 10/01/2026 | 260 | &nbsp;&nbsp; 260447 |
| Broward (County of), FL School Board; Series 2016 A, Ref. COP | 5.00% | 07/01/2032 | 4135 | &nbsp;&nbsp; 4179447 |
| Capital Trust Authority (UF Health Projects); Series 2025 A, Ref. RB | 5.00% | 12/01/2030 | 7700 | &nbsp;&nbsp; 8424809 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Central Florida Expressway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 07/01/2026 | $3005 | &nbsp;&nbsp; $3047482 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2038 | 1535 | &nbsp;&nbsp; 1578859 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 07/01/2039 | 2020 | &nbsp;&nbsp; 2075118 |
| Duval County (County of), FL School Board; Series 2025 A, Ref. COP (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2028 | 1250 | &nbsp;&nbsp; 1323510 |
| Escambia (County of), FL School Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, COP (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 02/01/2028 | 250 | &nbsp;&nbsp; 262255 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, COP (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 02/01/2030 | 675 | &nbsp;&nbsp; 740153 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community <br> Development District); Series 2024, RB<sup>(f)</sup> <br>| 4.50% | 05/01/2031 | 230 | &nbsp;&nbsp; 233742 |
| Florida (State of) Municipal Power Agency; Series 2016 A, Ref. RB | 5.00% | 10/01/2027 | 2385 | &nbsp;&nbsp; 2426813 |
| &nbsp;&nbsp;&nbsp; Florida (State of) Municipal Power Agency (All-Requirements Power Supply); Series 2025, Ref. <br> RB<br>| 5.00% | 10/01/2030 | 1500 | &nbsp;&nbsp; 1659251 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); Series 2024, <br> Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2035 | 1000 | &nbsp;&nbsp; 830000 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2037 | 3000 | &nbsp;&nbsp; 2490000 |
| Florida Housing Finance Corp.; Series 2024 3, RB (CEP - GNMA) | 6.25% | 01/01/2055 | 1610 | &nbsp;&nbsp; 1754741 |
| Florida Housing Finance Corp. (Social Bonds); Series 2022-3, RB (CEP - GNMA) | 5.50% | 01/01/2054 | 3710 | &nbsp;&nbsp; 3869369 |
| Gainesville (City of), FL; Series 2017 A, RB | 5.00% | 10/01/2031 | 1265 | &nbsp;&nbsp; 1318658 |
| Greater Orlando Aviation Authority; Series 2016 B, RB<sup>(b)(c)</sup> <br>| 5.00% | 10/01/2026 | 210 | &nbsp;&nbsp; 214075 |
| &nbsp;&nbsp;&nbsp; Hillsborough (County of), FL Aviation Authority (Tampa International Airport); Series 2018 F, <br> RB<br>| 5.00% | 10/01/2043 | 1305 | &nbsp;&nbsp; 1341164 |
| &nbsp;&nbsp;&nbsp; Hillsborough (County of), FL Industrial Development Authority (Baycare Health System); <br> Series 2024 C, Ref. RB<br>| 5.00% | 11/15/2034 | 6000 | &nbsp;&nbsp; 6952534 |
| Hillsborough (County of), FL School Board (Master Lease Program); Series 2015 A, Ref. COP | 5.00% | 07/01/2030 | 2330 | &nbsp;&nbsp; 2339356 |
| JEA Electric System; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB | 5.00% | 10/01/2032 | 3410 | &nbsp;&nbsp; 3542514 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB | 5.00% | 10/01/2033 | 4000 | &nbsp;&nbsp; 4147726 |
| Lee (County of), FL Housing Finance Authority; Series 2025 B, RB<sup>(b)</sup> <br>| 3.13% | 10/01/2028 | 1000 | &nbsp;&nbsp; 1000173 |
| Lee (County of), FL Housing Finance Authority (Aria Landings); Series 2023 B, RB<sup>(b)(d)</sup> <br>| 5.50% | 07/01/2026 | 4150 | &nbsp;&nbsp; 4149329 |
| &nbsp;&nbsp;&nbsp; Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group); <br> Series 2024 B-3, RB<br>| 4.13% | 11/15/2029 | 1155 | &nbsp;&nbsp; 1160350 |
| Lee County School Board (The); Series 2016 A, COP | 5.00% | 08/01/2035 | 1000 | &nbsp;&nbsp; 1011527 |
| Manatee (County of), FL; Series 2025, Ref. RB | 5.00% | 10/01/2031 | 750 | &nbsp;&nbsp; 848199 |
| Miami (City of) & Dade (County of), FL School Board (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 D, Ref. COP | 5.00% | 02/01/2034 | 2220 | &nbsp;&nbsp; 2225860 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. COP | 5.00% | 05/01/2032 | 3295 | &nbsp;&nbsp; 3319461 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. COP | 5.00% | 05/01/2028 | 5000 | &nbsp;&nbsp; 5266971 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. COP | 5.00% | 05/01/2026 | 3000 | &nbsp;&nbsp; 3028561 |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.00% | 10/01/2032 | 1160 | &nbsp;&nbsp; 1161578 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.00% | 10/01/2027 | 1000 | &nbsp;&nbsp; 1043175 |
| Miami-Dade (County of), FL Expressway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB | 5.00% | 07/01/2040 | 10000 | &nbsp;&nbsp; 10042785 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 07/01/2032 | 2000 | &nbsp;&nbsp; 2018485 |
| Miami-Dade (County of), FL Housing Finance Authority (Amber Station); Series 2025 A, RB<sup>(b)</sup> <br>| 3.25% | 08/01/2029 | 3000 | &nbsp;&nbsp; 3015670 |
| &nbsp;&nbsp;&nbsp; Miami-Dade (County of), FL Housing Finance Authority (Running Brooks Apartments); <br> Series 2023, RB<sup>(b)</sup> <br>| 3.55% | 01/01/2026 | 1525 | &nbsp;&nbsp; 1525425 |
| Orlando (City of), FL Utilities Commission; Series 2025 A, RB | 5.00% | 10/01/2036 | 1000 | &nbsp;&nbsp; 1156505 |
| Osceola (County of), FL; Series 2016 A, Ref. RB | 5.00% | 10/01/2030 | 1000 | &nbsp;&nbsp; 1001398 |
| Palm Beach County School District; Series 2025 A, Ref. COP | 5.00% | 08/01/2029 | 1250 | &nbsp;&nbsp; 1356065 |
| Peace River Manasota Regional Water Supply Authority; Series 2025 A, RB | 5.00% | 10/01/2037 | 1725 | &nbsp;&nbsp; 1946892 |
| Seminole (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 10/01/2030 | 1000 | &nbsp;&nbsp; 1111927 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2027 | 1300 | &nbsp;&nbsp; 1353764 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2028 | 1500 | &nbsp;&nbsp; 1595719 |
| &nbsp;&nbsp;&nbsp; South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group); <br> Series 2025, RB<sup>(b)</sup> <br>| 5.00% | 08/15/2030 | 7000 | &nbsp;&nbsp; 7589088 |
| St. Johns (County of), FL Housing Finance Authority (Oaks at St. John); Series 2023 B, RB<sup>(b)(d)</sup> <br>| 5.50% | 12/01/2026 | 6000 | &nbsp;&nbsp; 5995321 |
| USF Financing Corp.; Series 2012 A, Ref. COP | 5.00% | 07/01/2032 | 4550 | &nbsp;&nbsp; 4557383 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** | **Florida–(continued)** |
| Volusia County Educational Facility Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/15/2028 | $800 | &nbsp;&nbsp; $849233 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 10/15/2030 | 2000 | &nbsp;&nbsp; 2207313 |
|  |  |  |  | &nbsp;&nbsp; 128063662 |
| **Georgia–2.72%** | **Georgia–2.72%** | **Georgia–2.72%** | **Georgia–2.72%** | **Georgia–2.72%** |
| Atlanta (City of), GA; Series 2015, Ref. RB | 5.00% | 11/01/2040 | 3460 | &nbsp;&nbsp; 3464220 |
| &nbsp;&nbsp;&nbsp; Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle); <br> Series 2012, Ref. RB<sup>(b)</sup> <br>| 2.90% | 08/21/2029 | 5000 | &nbsp;&nbsp; 4940796 |
| Carroll (County of), GA; Series 2021, GO Bonds | 5.00% | 06/01/2026 | 1250 | &nbsp;&nbsp; 1263910 |
| DeKalb (County of), GA Development Authority (The Globe Academy, Inc.); Series 2024 A, RB | 4.00% | 06/01/2035 | 690 | &nbsp;&nbsp; 689255 |
| DeKalb (County of), GA Housing Authority (Park at 500); Series 2024, RB | 4.00% | 03/01/2034 | 3250 | &nbsp;&nbsp; 3270774 |
| Downey Unified School District; Series 2025, GO Bonds | 5.00% | 04/01/2032 | 1000 | &nbsp;&nbsp; 1145797 |
| Fulton (County of), GA; Series 2013, Ref. RB | 5.00% | 01/01/2027 | 1605 | &nbsp;&nbsp; 1615031 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 C, RB<sup>(b)</sup> <br>| 4.00% | 09/01/2026 | 7000 | &nbsp;&nbsp; 7046471 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(b)</sup> <br>| 4.00% | 09/01/2027 | 5120 | &nbsp;&nbsp; 5179354 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB | 4.00% | 12/01/2025 | 1100 | &nbsp;&nbsp; 1100000 |
| &nbsp;&nbsp;&nbsp; Series 2022 C, RB<sup>(b)(d)</sup> <br>| 4.00% | 11/01/2027 | 12200 | &nbsp;&nbsp; 12206527 |
| Richmond County Board of Education; Series 2025, GO Bonds | 5.00% | 10/01/2032 | 1000 | &nbsp;&nbsp; 1150696 |
|  |  |  |  | &nbsp;&nbsp; 43072831 |
| **Hawaii–0.50%** | **Hawaii–0.50%** | **Hawaii–0.50%** | **Hawaii–0.50%** | **Hawaii–0.50%** |
| Hawaii (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 EO, GO Bonds | 5.00% | 08/01/2028 | 1880 | &nbsp;&nbsp; 1881496 |
| &nbsp;&nbsp;&nbsp; Series 2016 FG, GO Bonds | 5.00% | 10/01/2030 | 2890 | &nbsp;&nbsp; 2944268 |
| Honolulu (City & County of), HI; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 07/01/2036 | 1000 | &nbsp;&nbsp; 1009937 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 5.00% | 06/01/2026 | 2125 | &nbsp;&nbsp; 2143045 |
|  |  |  |  | &nbsp;&nbsp; 7978746 |
| **Idaho–0.24%** | **Idaho–0.24%** | **Idaho–0.24%** | **Idaho–0.24%** | **Idaho–0.24%** |
| Boise State University; Series 2016 A, Ref. RB | 5.00% | 04/01/2033 | 2000 | &nbsp;&nbsp; 2011821 |
| Idaho (State of) Housing & Finance Association; Series 2024 A, RB (CEP - GNMA) | 6.00% | 07/01/2054 | 1630 | &nbsp;&nbsp; 1793757 |
|  |  |  |  | &nbsp;&nbsp; 3805578 |
| **Illinois–6.86%** | **Illinois–6.86%** | **Illinois–6.86%** | **Illinois–6.86%** | **Illinois–6.86%** |
| Aurora (City of), IL; Series 2025 C, GO Bonds | 5.00% | 12/30/2036 | 1195 | &nbsp;&nbsp; 1356245 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB | 5.00% | 01/01/2038 | 3000 | &nbsp;&nbsp; 3002937 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB | 5.00% | 01/01/2039 | 1125 | &nbsp;&nbsp; 1142946 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB | 5.00% | 01/01/2036 | 1000 | &nbsp;&nbsp; 1140553 |
| &nbsp;&nbsp;&nbsp; Series 2024 D, Ref. RB | 5.00% | 01/01/2027 | 5110 | &nbsp;&nbsp; 5227403 |
| Chicago (City of), IL Metropolitan Water Reclamation District; Series 2021 C, Ref. GO Bonds | 5.00% | 12/01/2031 | 1245 | &nbsp;&nbsp; 1411939 |
| Chicago (City of), IL Midway International Airport; Series 2025 B, Ref. RB | 5.00% | 01/01/2037 | 2000 | &nbsp;&nbsp; 2295286 |
| Chicago (City of), IL Transit Authority; Series 2024 A, Ref. RB | 5.00% | 12/01/2025 | 2000 | &nbsp;&nbsp; 2000000 |
| Collinsville (City of), IL Area Recreation District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004, GO Bonds (INS - NATL)<sup>(a)</sup> <br>| 4.60% | 12/01/2025 | 350 | &nbsp;&nbsp; 350000 |
| &nbsp;&nbsp;&nbsp; Series 2004, GO Bonds (INS - NATL)<sup>(a)</sup> <br>| 4.65% | 12/01/2026 | 450 | &nbsp;&nbsp; 450505 |
| &nbsp;&nbsp;&nbsp; Series 2007, Ref. GO Bonds (INS - AMBAC)<sup>(a)</sup> <br>| 4.00% | 12/01/2027 | 65 | &nbsp;&nbsp; 65012 |
| Cook (County of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. GO Bonds | 5.00% | 11/15/2029 | 1000 | &nbsp;&nbsp; 1018293 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. GO Bonds | 5.00% | 11/15/2030 | 4950 | &nbsp;&nbsp; 5035860 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. GO Bonds | 5.00% | 11/15/2034 | 1150 | &nbsp;&nbsp; 1163981 |
| Cook County High School District No.203 New Trier Township; Series 2021 A, GO Bonds | 5.00% | 12/15/2027 | 1255 | &nbsp;&nbsp; 1311953 |
| DuPage County Community High School District No. 99 Downers Grove; Series 2025, GO Bonds | 5.00% | 12/15/2027 | 630 | &nbsp;&nbsp; 657403 |
| DuPage County Forest Preserve District; Series 2025, GO Bonds | 5.00% | 11/01/2026 | 1000 | &nbsp;&nbsp; 1020996 |
| Elk Grove Village (Village of), IL; Series 2017, GO Bonds | 5.00% | 01/01/2035 | 1000 | &nbsp;&nbsp; 1020077 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** | **Illinois–(continued)** |
| Elmhurst Park District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 5.00% | 12/15/2025 | $820 | &nbsp;&nbsp; $820707 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 5.00% | 12/15/2026 | 250 | &nbsp;&nbsp; 255952 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 5.00% | 12/15/2035 | 400 | &nbsp;&nbsp; 463555 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds | 5.00% | 12/15/2036 | 875 | &nbsp;&nbsp; 1004015 |
| &nbsp;&nbsp;&nbsp; Grundy Kendall & Will Counties Community High School District No. 111 (Minooka); <br> Series 2025, GO Bonds<br>| 5.00% | 12/01/2026 | 200 | &nbsp;&nbsp; 204366 |
| &nbsp;&nbsp;&nbsp; Illinois (County of), IL School District No. 102 (La Grange); Series 2025, GO Bonds (INS - <br> BAM)<sup>(a)</sup> <br>| 5.00% | 12/15/2032 | 260 | &nbsp;&nbsp; 293399 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, GO Bonds | 5.00% | 01/01/2027 | 3510 | &nbsp;&nbsp; 3515842 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.00% | 11/01/2026 | 2935 | &nbsp;&nbsp; 2990638 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(f)</sup> <br>| 8.00% | 06/01/2032 | 560 | &nbsp;&nbsp; 560747 |
| Illinois (State of) Finance Authority (Carle Foundation (The)); Series 2016 A, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 02/17/2026 | 4300 | &nbsp;&nbsp; 4322596 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $466,957)<sup>(h)</sup> <br>| 5.00% | 11/01/2026 | 460 | &nbsp;&nbsp; 318550 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $440,000)<sup>(h)</sup> <br>| 5.00% | 11/01/2049 | 440 | &nbsp;&nbsp; 304700 |
| Illinois (State of) Finance Authority (Rosalind Franklin University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2027 | 425 | &nbsp;&nbsp; 436149 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2028 | 500 | &nbsp;&nbsp; 511622 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2029 | 325 | &nbsp;&nbsp; 332388 |
| Illinois (State of) Finance Authority (The University of Chicago); Series 2025, Ref. RB | 5.00% | 04/01/2027 | 2210 | &nbsp;&nbsp; 2278303 |
| Illinois (State of) Finance Authority (Uchicago Medicine); Series 2022 B-2, RB<sup>(b)</sup> <br>| 5.00% | 08/15/2027 | 9850 | &nbsp;&nbsp; 10128337 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Housing Development Authority (6900 Crandon); Series 2023, RB (CEP - <br> Federal Housing Administration)<sup>(b)</sup> <br>| 5.00% | 02/01/2026 | 4570 | &nbsp;&nbsp; 4584220 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Housing Development Authority (Green Bonds); Series 2024 E, Ref. VRD RB <br> (CEP - Federal Housing Administration)<sup>(e)</sup> <br>| 2.81% | 01/01/2065 | 3475 | &nbsp;&nbsp; 3475000 |
| Illinois (State of) Toll Highway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 01/01/2036 | 4700 | &nbsp;&nbsp; 4705436 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 12/01/2032 | 9115 | &nbsp;&nbsp; 9131066 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.00% | 01/01/2036 | 1275 | &nbsp;&nbsp; 1467047 |
| Kane Cook & DuPage Counties School District No. U-46 Elgin; Series 2025, GO Bonds | 5.00% | 01/01/2036 | 1115 | &nbsp;&nbsp; 1264021 |
| &nbsp;&nbsp;&nbsp; Kane McHenry Cook & De Kalb Counties Unit School District No. 300; Series 2015, Ref. GO <br> Bonds<br>| 5.00% | 01/01/2028 | 1000 | &nbsp;&nbsp; 1004023 |
| &nbsp;&nbsp;&nbsp; Kendall, Kane & Will (Counties of), IL Community Unit School District No. 308; Series 2016, <br> Ref. GO Bonds<sup>(b)(c)</sup> <br>| 5.00% | 02/01/2026 | 3000 | &nbsp;&nbsp; 3011416 |
| &nbsp;&nbsp;&nbsp; Madison-Macoupin Etc Counties Community College District No. 536; Series 2015 A, Ref. GO <br> Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 11/01/2027 | 1335 | &nbsp;&nbsp; 1340277 |
| &nbsp;&nbsp;&nbsp; Rockford (City of), IL (Waterworks System Alternative Revenue Source); Series 2010, GO <br> Bonds<br>| 3.75% | 12/15/2025 | 140 | &nbsp;&nbsp; 140037 |
| Tender Option Bond Trust Receipts/Certificates; Series 2023, VRD RB (INS - AGI)<sup>(a)(d)(e)</sup> <br>| 1.62% | 05/01/2031 | 11530 | &nbsp;&nbsp; 11530000 |
| University of Illinois; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, Ref. COP (INS - AGI)<sup>(a)</sup> <br>| 5.25% | 10/01/2026 | 1020 | &nbsp;&nbsp; 1022153 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB | 5.00% | 04/01/2031 | 3050 | &nbsp;&nbsp; 3394290 |
| West Chicago Fire Protection District; Series 2008, GO Bonds (INS - NATL)<sup>(a)</sup> <br>| 4.75% | 01/01/2029 | 15 | &nbsp;&nbsp; 15011 |
| Will (County of), IL; Series 2025 B, Ref. GO Bonds | 5.00% | 11/15/2032 | 1000 | &nbsp;&nbsp; 1139625 |
| &nbsp;&nbsp;&nbsp; Winnebago-Boone Etc Counties Community College District No. 511 Rock Valley Clg; <br> Series 2025 B, Ref. GO Bonds<br>| 5.00% | 01/01/2030 | 2715 | &nbsp;&nbsp; 2950976 |
|  |  |  |  | &nbsp;&nbsp; 108587853 |
| **Indiana–0.88%** | **Indiana–0.88%** | **Indiana–0.88%** | **Indiana–0.88%** | **Indiana–0.88%** |
| Indiana (State of) Finance Authority; Series 2016, Ref. RB | 5.00% | 09/01/2028 | 1280 | &nbsp;&nbsp; 1300437 |
| Indiana (State of) Finance Authority (CWA Authority); Series 2014 A, RB | 5.00% | 10/01/2026 | 1750 | &nbsp;&nbsp; 1753357 |
| Indiana (State of) Finance Authority (Greenwood Village South); Series 2025, RB | 3.75% | 05/15/2032 | 1000 | &nbsp;&nbsp; 1001763 |
| &nbsp;&nbsp;&nbsp; Indiana (State of) Housing & Community Development Authority (Social Bonds); Series 2023 <br> A-1, RB (CEP - GNMA)<br>| 5.75% | 07/01/2053 | 2550 | &nbsp;&nbsp; 2687817 |
| Indiana (State of) Municipal Power Agency; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB | 5.00% | 01/01/2039 | 1000 | &nbsp;&nbsp; 1008029 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 01/01/2026 | 1000 | &nbsp;&nbsp; 1001987 |
| Merrillville (Town of), IN (Belvedere Housing); Series 2016, RB | 5.05% | 04/01/2026 | 100 | &nbsp;&nbsp; 99883 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** | **Indiana–(continued)** |
| Rockport (City of), IN (Indiana Michigan Power Co.); Series 2025, Ref. RB<sup>(b)</sup> <br>| 3.70% | 06/01/2029 | $5000 | &nbsp;&nbsp; $5119720 |
|  |  |  |  | &nbsp;&nbsp; 13972993 |
| **Iowa–2.08%** | **Iowa–2.08%** | **Iowa–2.08%** | **Iowa–2.08%** | **Iowa–2.08%** |
| Ames (City of), IA (Mary Greely Medical Center); Series 2016, Ref. RB | 5.00% | 06/15/2032 | 4430 | &nbsp;&nbsp; 4471831 |
| Iowa (State of) Finance Authority (Unitypoint Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 C, RB | 5.00% | 02/15/2031 | 810 | &nbsp;&nbsp; 811817 |
| &nbsp;&nbsp;&nbsp; Series 2014 C, RB | 5.00% | 02/15/2032 | 3405 | &nbsp;&nbsp; 3412849 |
| Iowa (State of) Higher Education Loan Authority (Grinnell College); Series 2014, Ref. RB | 5.00% | 12/01/2032 | 1675 | &nbsp;&nbsp; 1681405 |
| Le Mars Community School District; Series 2025, GO Bonds (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2029 | 1410 | &nbsp;&nbsp; 1512698 |
| PEFA, Inc.; Series 2019, RB<sup>(b)</sup> <br>| 5.00% | 09/01/2026 | 19695 | &nbsp;&nbsp; 19901157 |
| Waukee Community School District; Series 2025 A, GO Bonds | 5.00% | 06/01/2032 | 960 | &nbsp;&nbsp; 1085481 |
|  |  |  |  | &nbsp;&nbsp; 32877238 |
| **Kansas–1.78%** | **Kansas–1.78%** | **Kansas–1.78%** | **Kansas–1.78%** | **Kansas–1.78%** |
| Garden (City of), KS; Series 2025, RB<sup>(d)</sup> <br>| 4.25% | 06/01/2033 | 1000 | &nbsp;&nbsp; 996439 |
| Kansas (State of) Department of Transportation; Series 2025 A, Ref. RB | 5.00% | 09/01/2028 | 7000 | &nbsp;&nbsp; 7462554 |
| Kansas (State of) Development Finance Authority; Series 2025 F, RB<sup>(b)</sup> <br>| 2.95% | 09/01/2027 | 3300 | &nbsp;&nbsp; 3282089 |
| Kansas (State of) Development Finance Authority (Green Bonds); Series 2025 J, RB<sup>(b)</sup> <br>| 2.70% | 10/01/2028 | 3000 | &nbsp;&nbsp; 2955140 |
| University of Kansas Hospital Authority (KU Health System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2030 | 1930 | &nbsp;&nbsp; 1931959 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2032 | 2765 | &nbsp;&nbsp; 2767594 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/01/2035 | 2000 | &nbsp;&nbsp; 2001579 |
| Valley Center (City of), KS; Series 2023-1, GO Notes<sup>(c)</sup> <br>| 4.38% | 12/01/2025 | 4820 | &nbsp;&nbsp; 4820000 |
| Wichita (City of), KS (Presbyterian Manors, Inc.); Series 2024 VIII, Ref. RB | 5.25% | 05/15/2039 | 1000 | &nbsp;&nbsp; 1002641 |
| Wyandotte (County of) & Kansas City (City of), KS Unified Government; Series 2016 C, RB | 5.00% | 09/01/2030 | 1000 | &nbsp;&nbsp; 1015413 |
|  |  |  |  | &nbsp;&nbsp; 28235408 |
| **Kentucky–1.22%** | **Kentucky–1.22%** | **Kentucky–1.22%** | **Kentucky–1.22%** | **Kentucky–1.22%** |
| Jefferson County Capital Projects Corp.; Series 2007 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 4.38% | 06/01/2028 | 25 | &nbsp;&nbsp; 25033 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation <br> Kentucky Information Highway); Series 2015 A, RB<br>| 5.00% | 07/01/2028 | 1000 | &nbsp;&nbsp; 1001344 |
| Kentucky (Commonwealth of) Municipal Power Agency; Series 2015 A, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 09/01/2026 | 2000 | &nbsp;&nbsp; 2002050 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Property & Building Commission (No. 112); Series 2016 A, <br> RB<sup>(b)(c)</sup> <br>| 5.00% | 02/01/2026 | 1950 | &nbsp;&nbsp; 1957420 |
| Kentucky (Commonwealth of) Property & Building Commission (No. 132); Series 2025 A, RB | 5.00% | 04/01/2026 | 1000 | &nbsp;&nbsp; 1007885 |
| Kentucky (Commonwealth of) Property & Building Commission (No. 133); Series 2025 A, RB | 5.00% | 09/01/2037 | 2000 | &nbsp;&nbsp; 2298206 |
| Kentucky (Commonwealth of) Public Energy Authority; Series 2025 A, Ref. RB<sup>(b)</sup> <br>| 5.25% | 12/01/2029 | 3500 | &nbsp;&nbsp; 3730430 |
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization); Series 2016, RB | 5.00% | 07/01/2031 | 1715 | &nbsp;&nbsp; 1732142 |
| &nbsp;&nbsp;&nbsp; Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 10/01/2031 | 2835 | &nbsp;&nbsp; 2878036 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 10/01/2032 | 2660 | &nbsp;&nbsp; 2698326 |
|  |  |  |  | &nbsp;&nbsp; 19330872 |
| **Louisiana–1.38%** | **Louisiana–1.38%** | **Louisiana–1.38%** | **Louisiana–1.38%** | **Louisiana–1.38%** |
| East Baton Rouge Parish School System; Series 2025, GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 03/01/2027 | 250 | &nbsp;&nbsp; 256582 |
| Louisiana (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, Ref. RB (SOFR + 0.50%)<sup>(b)(j)</sup> <br>| 3.38% | 05/01/2026 | 3075 | &nbsp;&nbsp; 3069315 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 05/01/2027 | 3200 | &nbsp;&nbsp; 3306919 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 05/01/2028 | 3000 | &nbsp;&nbsp; 3173183 |
| New Orleans (City of), LA Aviation Board (Consolidated Rental Car); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 01/01/2036 | 1250 | &nbsp;&nbsp; 1296592 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 01/01/2037 | 1440 | &nbsp;&nbsp; 1490314 |
| St. James (Parish of), LA (Nustar Logistics, L.P.); Series 2011, RB<sup>(b)</sup> <br>| 3.70% | 06/01/2030 | 2000 | &nbsp;&nbsp; 2021967 |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB<sup>(b)</sup> <br>| 3.30% | 07/03/2028 | 5200 | &nbsp;&nbsp; 5212722 |
| &nbsp;&nbsp;&nbsp; Subseries 2017 A-3, Ref. RB<sup>(b)</sup> <br>| 2.20% | 07/01/2026 | 2000 | &nbsp;&nbsp; 1987937 |
|  |  |  |  | &nbsp;&nbsp; 21815531 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Maine–0.17%** | **Maine–0.17%** | **Maine–0.17%** | **Maine–0.17%** | **Maine–0.17%** |
| Maine (State of) Turnpike Authority; Series 2025, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2028 | $1680 | &nbsp;&nbsp; $1777934 |
| Portland (City of), ME; Series 2016, Ref. RB | 5.00% | 01/01/2032 | 1000 | &nbsp;&nbsp; 1001025 |
|  |  |  |  | &nbsp;&nbsp; 2778959 |
| **Maryland–1.41%** | **Maryland–1.41%** | **Maryland–1.41%** | **Maryland–1.41%** | **Maryland–1.41%** |
| Maryland (State of) Health & Higher Educational Facilities Authority; Series 2017, Ref. RB | 5.00% | 07/01/2031 | 3000 | &nbsp;&nbsp; 3064287 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health); <br> Series 2013 B, RB<br>| 5.00% | 08/15/2027 | 200 | &nbsp;&nbsp; 200557 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (Medstar Health, Inc.); <br> Series 2015, Ref. RB<br>| 5.00% | 08/15/2032 | 6840 | &nbsp;&nbsp; 6860823 |
| Maryland Economic Development Corp. (Core Natural Resources); Series 2025, Ref. RB<sup>(b)(d)</sup> <br>| 5.00% | 03/27/2035 | 2155 | &nbsp;&nbsp; 2266289 |
| Montgomery (County of), MD; Series 2017 E, VRD GO Bonds<sup>(e)</sup> <br>| 1.25% | 11/01/2037 | 5780 | &nbsp;&nbsp; 5780000 |
| Washington (State of) Suburban Sanitary Commission; Series 2015 B, VRD RB<sup>(e)</sup> <br>| 1.30% | 06/01/2027 | 4085 | &nbsp;&nbsp; 4085000 |
|  |  |  |  | &nbsp;&nbsp; 22256956 |
| **Massachusetts–0.92%** | **Massachusetts–0.92%** | **Massachusetts–0.92%** | **Massachusetts–0.92%** | **Massachusetts–0.92%** |
| Hudson (Town of), MA; Series 2025, GO Notes | 5.00% | 06/11/2026 | 1000 | &nbsp;&nbsp; 1006197 |
| Massachusetts (Commonwealth of); Series 2025 E, GO Bonds | 5.00% | 08/01/2032 | 2500 | &nbsp;&nbsp; 2881742 |
| Massachusetts (Commonwealth of) Bay Transportation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 07/01/2029 | 2255 | &nbsp;&nbsp; 2458336 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 07/01/2030 | 2500 | &nbsp;&nbsp; 2787192 |
| Massachusetts (Commonwealth of) Development Finance Agency; Series 2025, RB | 5.00% | 07/01/2029 | 1800 | &nbsp;&nbsp; 1891636 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Health & Educational Facilities Authority; Series 2007 C, <br> RB (SIFMA Municipal Swap Index + 0.90%)<sup>(j)</sup> <br>| 3.69% | 11/15/2032 | 1890 | &nbsp;&nbsp; 1835627 |
| Massachusetts (Commonwealth of) School Building Authority; Series 2025, Ref. RB | 5.00% | 02/15/2031 | 1500 | &nbsp;&nbsp; 1688344 |
| Waltham (City of), MA; Series 2008, GO Bonds | 4.20% | 09/15/2027 | 15 | &nbsp;&nbsp; 15015 |
|  |  |  |  | &nbsp;&nbsp; 14564089 |
| **Michigan–3.59%** | **Michigan–3.59%** | **Michigan–3.59%** | **Michigan–3.59%** | **Michigan–3.59%** |
| Ann Arbor School District; Series 2025, Ref. GO Bonds | 5.00% | 05/01/2029 | 2885 | &nbsp;&nbsp; 3106838 |
| Chippewa Valley Schools; Series 2025, Ref. GO Bonds | 5.00% | 05/01/2030 | 1000 | &nbsp;&nbsp; 1103634 |
| Detroit (City of), MI; Series 2006, Ref. RB (INS - AGI) (3 mo. Term SOFR + 0.60%)<sup>(a)(j)</sup> <br>| 3.45% | 07/01/2032 | 7825 | &nbsp;&nbsp; 7751182 |
| Great Lakes Water Authority; Series 2016 D, Ref. RB | 5.00% | 07/01/2036 | 5000 | &nbsp;&nbsp; 5053687 |
| Grosse Pointe Public School System; Series 2025, GO Bonds | 5.00% | 05/01/2027 | 1000 | &nbsp;&nbsp; 1032988 |
| L'Anse Creuse Public Schools; Series 2025 I, GO Bonds | 5.00% | 05/01/2036 | 1000 | &nbsp;&nbsp; 1160813 |
| Michigan (State of) Building Authority (Facilities Program); Series 2020, Ref. VRD RB<sup>(e)</sup> <br>| 2.89% | 10/15/2042 | 3100 | &nbsp;&nbsp; 3100000 |
| Michigan (State of) Finance Authority; Series 2025 A, Ref. RB | 5.00% | 02/15/2029 | 2385 | &nbsp;&nbsp; 2561954 |
| Michigan (State of) Finance Authority (Beaumont Health Credit Group); Series 2022, Ref. RB | 5.00% | 04/15/2036 | 2000 | &nbsp;&nbsp; 2209646 |
| Michigan (State of) Finance Authority (McLaren Health Care); Series 2015, Ref. RB | 5.00% | 05/15/2034 | 1340 | &nbsp;&nbsp; 1341501 |
| Michigan (State of) Finance Authority (Trinity Health Credit Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.50% | 12/01/2028 | 2245 | &nbsp;&nbsp; 2260929 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.50% | 12/01/2029 | 3075 | &nbsp;&nbsp; 3096760 |
| Michigan (State of) Housing Development Authority (Social Bonds); Series 2024 A, RB | 6.00% | 06/01/2054 | 3620 | &nbsp;&nbsp; 3907791 |
| Muskegon Heights (City of), MI; Series 2006, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 4.00% | 11/01/2026 | 185 | &nbsp;&nbsp; 185132 |
| Rib Floater Trust; Series 2022-047, VRD RB<sup>(d)(e)</sup> <br>| 1.23% | 12/01/2045 | 10000 | &nbsp;&nbsp; 10000000 |
| Rockford Public Schools; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. GO Bonds | 5.00% | 05/01/2038 | 1025 | &nbsp;&nbsp; 1028151 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. GO Bonds | 5.00% | 05/01/2039 | 1025 | &nbsp;&nbsp; 1027560 |
| Utica Community Schools; Series 2016, Ref. GO Bonds | 5.00% | 05/01/2031 | 1990 | &nbsp;&nbsp; 2004856 |
| Wayne (County of), MI; Series 2017 C, Ref. RB | 5.00% | 12/01/2026 | 2495 | &nbsp;&nbsp; 2551709 |
| Wayne (County of), MI Airport Authority (Detroit Metropolitan Airport); Series 2025, Ref. RB | 5.00% | 12/01/2036 | 485 | &nbsp;&nbsp; 563221 |
| &nbsp;&nbsp;&nbsp; Wayne (County of), MI Airport Authority (Detroit Michigan Wayne County Airport); Series 2015 <br> D, RB<sup>(b)(c)</sup> <br>| 5.00% | 12/05/2025 | 1700 | &nbsp;&nbsp; 1700428 |
|  |  |  |  | &nbsp;&nbsp; 56748780 |
| **Minnesota–0.39%** | **Minnesota–0.39%** | **Minnesota–0.39%** | **Minnesota–0.39%** | **Minnesota–0.39%** |
| &nbsp;&nbsp;&nbsp; Elk River Independent School District No. 728; Series 2024 A, Ref. GO Bonds (CEP - Ohio <br> School District)<br>| 5.00% | 02/01/2031 | 2000 | &nbsp;&nbsp; 2241260 |
| &nbsp;&nbsp;&nbsp; Minnesota (State of) Governmental Agency Finance Group (Flexible Term Program); <br> Series 2007 A-1, RB (INS - AGI)<sup>(a)</sup> <br>| 4.13% | 03/01/2027 | 10 | &nbsp;&nbsp; 10002 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** | **Minnesota–(continued)** |
| &nbsp;&nbsp;&nbsp; Minnesota (State of) Health & Education Facilities Authority (ST. OLAF College); Series 2025, <br> Ref. RB<br>| 5.00% | 12/01/2026 | $1000 | &nbsp;&nbsp; $1020340 |
| &nbsp;&nbsp;&nbsp; Minnesota (State of) Higher Education Facilities Authority (University of St. Thomas); <br> Series 2017 A, Ref. RB<br>| 5.00% | 10/01/2029 | 1400 | &nbsp;&nbsp; 1450363 |
| Shakopee (City of), MN; Series 2025, Ref. RB | 4.45% | 11/01/2035 | 1300 | &nbsp;&nbsp; 1306025 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (St. Paul City School); Series 2016 <br> A, Ref. RB<sup>(b)(c)</sup> <br>| 4.50% | 07/01/2026 | 175 | &nbsp;&nbsp; 176666 |
|  |  |  |  | &nbsp;&nbsp; 6204656 |
| **Mississippi–0.10%** | **Mississippi–0.10%** | **Mississippi–0.10%** | **Mississippi–0.10%** | **Mississippi–0.10%** |
| Mississippi (State of); Series 2015 C, Ref. GO Bonds | 5.00% | 10/01/2026 | 1500 | &nbsp;&nbsp; 1507993 |
| Mississippi Business Finance Corp. (Northrop Grumman Corp.); Series 2006, RB | 4.55% | 12/01/2028 | 25 | &nbsp;&nbsp; 25005 |
|  |  |  |  | &nbsp;&nbsp; 1532998 |
| **Missouri–1.41%** | **Missouri–1.41%** | **Missouri–1.41%** | **Missouri–1.41%** | **Missouri–1.41%** |
| Cassville School District No. R-IV; Series 2023, GO Bonds | 5.25% | 03/01/2039 | 2220 | &nbsp;&nbsp; 2305764 |
| Jackson County Consolidated School District No. 4; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 5.00% | 03/01/2038 | 1825 | &nbsp;&nbsp; 1864614 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 5.00% | 03/01/2039 | 3005 | &nbsp;&nbsp; 3065488 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District); Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 4.25% | 04/01/2026 | 100 | &nbsp;&nbsp; 99877 |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment); Series 2020, RB | 4.13% | 11/01/2038 | 870 | &nbsp;&nbsp; 818725 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (St. Anthony's Medical Center); <br> Series 2015 B, Ref. RB<br>| 5.00% | 02/01/2036 | 6245 | &nbsp;&nbsp; 6246064 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (St. Louis University); Series 2015 <br> A, RB<br>| 5.00% | 10/01/2038 | 4500 | &nbsp;&nbsp; 4502940 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (St. Luke's Health System, Inc.); <br> Series 2016, Ref. RB<br>| 5.00% | 11/15/2030 | 1215 | &nbsp;&nbsp; 1226489 |
| St. Charles (County of), MO Public Water Supply District No. 2; Series 2016, Ref. COP | 5.00% | 12/01/2030 | 2255 | &nbsp;&nbsp; 2257868 |
|  |  |  |  | &nbsp;&nbsp; 22387829 |
| **Nebraska–0.90%** | **Nebraska–0.90%** | **Nebraska–0.90%** | **Nebraska–0.90%** | **Nebraska–0.90%** |
| Douglas (County of), NE (Creighton University); Series 2025, Ref. RB | 5.00% | 07/01/2027 | 1000 | &nbsp;&nbsp; 1034174 |
| Gretna Public Schools; Series 2022 B, GO Bonds | 5.00% | 12/15/2027 | 1000 | &nbsp;&nbsp; 1001386 |
| Nebraska (State of) Municipal Energy Agency; Series 2022 A, Ref. RB | 5.00% | 04/01/2026 | 1250 | &nbsp;&nbsp; 1259018 |
| Omaha (City of), NE Public Power District; Series 2016 A, Ref. RB | 5.00% | 02/01/2041 | 1810 | &nbsp;&nbsp; 1813281 |
| Omaha School District; Series 2016, GO Bonds | 5.00% | 12/15/2032 | 5000 | &nbsp;&nbsp; 5100350 |
| Public Power Generation Agency (Whelan Energy Center Unit 2); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 01/01/2032 | 2980 | &nbsp;&nbsp; 3015493 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 01/01/2026 | 1000 | &nbsp;&nbsp; 1001893 |
|  |  |  |  | &nbsp;&nbsp; 14225595 |
| **Nevada–1.56%** | **Nevada–1.56%** | **Nevada–1.56%** | **Nevada–1.56%** | **Nevada–1.56%** |
| Clark (County of), NV; Series 2015 A, Ref. GO Bonds | 5.00% | 07/01/2026 | 2125 | &nbsp;&nbsp; 2129055 |
| Clark (County of), NV Water Reclamation District; Series 2015, Ref. GO Bonds | 5.00% | 07/01/2032 | 2000 | &nbsp;&nbsp; 2007648 |
| Clark County School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 D, GO Bonds | 5.00% | 06/15/2029 | 1755 | &nbsp;&nbsp; 1758151 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 06/15/2026 | 2000 | &nbsp;&nbsp; 2024620 |
| Las Vegas Valley Water District; Series 2016 B, Ref. GO Bonds | 5.00% | 06/01/2036 | 2805 | &nbsp;&nbsp; 2830245 |
| Nevada (State of) (Casa Grande); Series 2024, Ref. COP | 5.00% | 04/01/2026 | 1030 | &nbsp;&nbsp; 1038087 |
| Sparks Tourism Improvement District No. 1; Series 2025, RB | 3.88% | 06/15/2028 | 1500 | &nbsp;&nbsp; 1500247 |
| Truckee Meadows Water Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/01/2031 | 2775 | &nbsp;&nbsp; 2809666 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 07/01/2032 | 2000 | &nbsp;&nbsp; 2024403 |
| Washoe (County of), NV (Sierra Pacific Power Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(b)</sup> <br>| 3.63% | 10/01/2029 | 1500 | &nbsp;&nbsp; 1518157 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(b)(f)</sup> <br>| 4.13% | 10/01/2029 | 5000 | &nbsp;&nbsp; 5113626 |
|  |  |  |  | &nbsp;&nbsp; 24753905 |
| **New Hampshire–1.14%** | **New Hampshire–1.14%** | **New Hampshire–1.14%** | **New Hampshire–1.14%** | **New Hampshire–1.14%** |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 5192 | &nbsp;&nbsp; 5142933 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** | **New Hampshire–(continued)** |
| New Hampshire (State of) Business Finance Authority (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, RB | 4.25% | 07/20/2041 | $3883 | &nbsp;&nbsp; $3880643 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Revenue Ctfs. | 4.16% | 10/01/2051 | 4960 | &nbsp;&nbsp; 4907675 |
| New Hampshire (State of) Health and Education Facilities Authority; Series 2016, Ref. RB | 5.50% | 06/01/2031 | 4000 | &nbsp;&nbsp; 4043936 |
|  |  |  |  | &nbsp;&nbsp; 17975187 |
| **New Jersey–3.05%** | **New Jersey–3.05%** | **New Jersey–3.05%** | **New Jersey–3.05%** | **New Jersey–3.05%** |
| &nbsp;&nbsp;&nbsp; Camden (County of), NJ Improvement Authority (The) (County Capital Program); Series 2024, <br> RB<sup>(b)</sup> <br>| 5.00% | 03/01/2026 | 4000 | &nbsp;&nbsp; 4019204 |
| Essex (County of), NJ Improvement Authority (Family Court Building Project); Series 2025, RN | 5.00% | 03/17/2026 | 2500 | &nbsp;&nbsp; 2517517 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health <br> Obligated Group); Series 2017, Ref. RB<br>| 5.00% | 07/01/2032 | 815 | &nbsp;&nbsp; 842650 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated <br> Group); Series 2016, Ref. RB<br>| 5.00% | 07/01/2031 | 5100 | &nbsp;&nbsp; 5158365 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health <br> Obligated Group); Series 2016 A, Ref. RB<br>| 5.00% | 07/01/2031 | 9110 | &nbsp;&nbsp; 9226227 |
| New Jersey (State of) Housing & Mortgage Finance Agency; Series 2024 B, RB | 3.50% | 05/01/2029 | 3625 | &nbsp;&nbsp; 3669094 |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 I, RB | 5.00% | 10/01/2053 | 2270 | &nbsp;&nbsp; 2346669 |
| &nbsp;&nbsp;&nbsp; Subseries 2024 D, RB (CEP - GNMA) | 2.90% | 11/01/2027 | 2500 | &nbsp;&nbsp; 2484161 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RN | 5.00% | 06/15/2028 | 1140 | &nbsp;&nbsp; 1152390 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RN | 5.00% | 06/15/2029 | 5000 | &nbsp;&nbsp; 5053706 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.00% | 06/15/2036 | 1000 | &nbsp;&nbsp; 1143672 |
| &nbsp;&nbsp;&nbsp; Series 2025 AA, RB | 5.00% | 06/15/2037 | 3000 | &nbsp;&nbsp; 3437531 |
| New Jersey (State of) Turnpike Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 01/01/2027 | 3090 | &nbsp;&nbsp; 3095209 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 01/01/2028 | 4000 | &nbsp;&nbsp; 4194505 |
|  |  |  |  | &nbsp;&nbsp; 48340900 |
| **New Mexico–0.70%** | **New Mexico–0.70%** | **New Mexico–0.70%** | **New Mexico–0.70%** | **New Mexico–0.70%** |
| Albuquerque Municipal School District No. 12; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, GO Bonds | 5.00% | 08/01/2029 | 2575 | &nbsp;&nbsp; 2613750 |
| &nbsp;&nbsp;&nbsp; Series 2017, GO Bonds | 5.00% | 08/01/2031 | 1700 | &nbsp;&nbsp; 1722867 |
| &nbsp;&nbsp;&nbsp; Series 2017, GO Bonds | 5.00% | 08/01/2032 | 2910 | &nbsp;&nbsp; 2946824 |
| Farmington (City of), NM (Public Service Co. of New Mexico San Juan); Series 2010, Ref. RB<sup>(b)</sup> <br>| 3.90% | 06/01/2028 | 3700 | &nbsp;&nbsp; 3742153 |
|  |  |  |  | &nbsp;&nbsp; 11025594 |
| **New York–8.06%** | **New York–8.06%** | **New York–8.06%** | **New York–8.06%** | **New York–8.06%** |
| Long Island (City of), NY Power Authority; Series 2025 B, RB<sup>(b)</sup> <br>| 3.00% | 09/01/2028 | 5000 | &nbsp;&nbsp; 4957142 |
| Metropolitan Transportation Authority (Green Bonds); Series 2017 C-1, Ref. RB | 5.00% | 11/15/2026 | 605 | &nbsp;&nbsp; 618075 |
| &nbsp;&nbsp;&nbsp; Monroe County Industrial Development Corp. (Andrews Terrace Community); Series 2024, <br> RB<sup>(b)</sup> <br>| 5.00% | 07/01/2027 | 5000 | &nbsp;&nbsp; 5152807 |
| Monroe County Industrial Development Corp. (University of Rochester); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 07/01/2030 | 3275 | &nbsp;&nbsp; 3286793 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 07/01/2032 | 2000 | &nbsp;&nbsp; 2007712 |
| &nbsp;&nbsp;&nbsp; Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island <br> Obligated Group); Series 2014, RB<br>| 5.00% | 07/01/2032 | 1500 | &nbsp;&nbsp; 1504365 |
| Nassau County Tobacco Settlement Corp.; Series 2006 A-2, RB | 5.25% | 06/01/2026 | 2414 | &nbsp;&nbsp; 2022289 |
| New York & New Jersey (States of) Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; One Hundred Seventy Fifth Series 2012, RB | 5.00% | 12/01/2025 | 480 | &nbsp;&nbsp; 480000 |
| &nbsp;&nbsp;&nbsp; One Hundred Seventy Fifth Series 2012, RB | 4.00% | 12/01/2026 | 470 | &nbsp;&nbsp; 470468 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, VRD GO Bonds<sup>(e)</sup> <br>| 1.25% | 04/01/2042 | 12885 | &nbsp;&nbsp; 12885000 |
| &nbsp;&nbsp;&nbsp; Series 2021-3, VRD GO Bonds<sup>(e)</sup> <br>| 1.25% | 04/01/2042 | 10000 | &nbsp;&nbsp; 10000000 |
| New York (City of), NY Transitional Finance Authority; Series 2016, RB | 5.00% | 05/01/2032 | 3940 | &nbsp;&nbsp; 3974665 |
| New York (State of) Dormitory Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 D, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 08/15/2026 | 3965 | &nbsp;&nbsp; 4035875 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 3.05% | 11/15/2030 | 2625 | &nbsp;&nbsp; 2625385 |
| &nbsp;&nbsp;&nbsp; New York (State of) Dormitory Authority (Northwell Health Obligated Group); Series 2025, Ref. <br> RB<br>| 5.00% | 05/01/2034 | 3000 | &nbsp;&nbsp; 3418040 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** | **New York–(continued)** |
| New York (State of) Dormitory Authority (St. John's University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 07/01/2027 | $450 | &nbsp;&nbsp; $465520 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 07/01/2028 | 1000 | &nbsp;&nbsp; 1054448 |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 10/01/2029 | 750 | &nbsp;&nbsp; 795282 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 10/01/2030 | 750 | &nbsp;&nbsp; 805986 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 10/01/2031 | 1000 | &nbsp;&nbsp; 1085727 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 10/01/2033 | 1100 | &nbsp;&nbsp; 1208385 |
| New York (State of) Housing Finance Agency (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 E-2, RB<sup>(b)</sup> <br>| 3.80% | 05/01/2027 | 4000 | &nbsp;&nbsp; 4001124 |
| &nbsp;&nbsp;&nbsp; Series 2023 E-2, RB<sup>(b)</sup> <br>| 3.88% | 05/01/2028 | 4380 | &nbsp;&nbsp; 4382533 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(b)</sup> <br>| 3.45% | 11/01/2029 | 7200 | &nbsp;&nbsp; 7211184 |
| New York City Health and Hospitals Corp. (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B-2, RB (CEP - Federal Housing Administration)<sup>(b)</sup> <br>| 3.40% | 12/22/2026 | 12495 | &nbsp;&nbsp; 12496048 |
| &nbsp;&nbsp;&nbsp; Series 2022 C-3, VRD RB<sup>(e)</sup> <br>| 2.85% | 05/01/2062 | 5000 | &nbsp;&nbsp; 5000000 |
| &nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp. (Casella Waste Systems, Inc.); Series 2020, <br> RB<sup>(b)(d)(f)</sup> <br>| 4.25% | 09/03/2030 | 1000 | &nbsp;&nbsp; 1007705 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2026 | 3090 | &nbsp;&nbsp; 3090802 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 08/01/2031 | 20070 | &nbsp;&nbsp; 20079866 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(f)</sup> <br>| 5.25% | 08/01/2031 | 7145 | &nbsp;&nbsp; 7411931 |
|  |  |  |  | &nbsp;&nbsp; 127535157 |
| **North Carolina–1.64%** | **North Carolina–1.64%** | **North Carolina–1.64%** | **North Carolina–1.64%** | **North Carolina–1.64%** |
| Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 01/15/2026 | 230 | &nbsp;&nbsp; 230379 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 01/15/2034 | 1500 | &nbsp;&nbsp; 1503610 |
| East Carolina University; Series 2016 A, RB | 5.00% | 10/01/2028 | 1030 | &nbsp;&nbsp; 1036433 |
| North Carolina (State of) (Garvee); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 03/01/2027 | 10000 | &nbsp;&nbsp; 10299737 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 03/01/2028 | 6000 | &nbsp;&nbsp; 6321378 |
| North Carolina (State of) Medical Care Commission; Series 2025, RB | 3.90% | 01/01/2029 | 680 | &nbsp;&nbsp; 680183 |
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba); Series 2015 A, Ref. RB | 5.00% | 01/01/2031 | 1610 | &nbsp;&nbsp; 1613067 |
| Raleigh Housing Authority; Series 2025, RB<sup>(b)</sup> <br>| 2.95% | 03/01/2029 | 2240 | &nbsp;&nbsp; 2224670 |
| University of North Carolina; Series 2008 A, RB (INS - AGI)<sup>(a)</sup> <br>| 4.75% | 10/01/2028 | 10 | &nbsp;&nbsp; 10014 |
| Wilmington Housing Authority; Series 2025, RB<sup>(b)</sup> <br>| 2.95% | 05/01/2028 | 2000 | &nbsp;&nbsp; 1993091 |
|  |  |  |  | &nbsp;&nbsp; 25912562 |
| **North Dakota–0.53%** | **North Dakota–0.53%** | **North Dakota–0.53%** | **North Dakota–0.53%** | **North Dakota–0.53%** |
| Horace (City of), ND; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. GO Bonds | 5.00% | 05/01/2030 | 520 | &nbsp;&nbsp; 552674 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. GO Bonds | 5.00% | 05/01/2031 | 550 | &nbsp;&nbsp; 591574 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. GO Bonds | 5.00% | 05/01/2032 | 580 | &nbsp;&nbsp; 629037 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. GO Bonds | 5.00% | 05/01/2033 | 610 | &nbsp;&nbsp; 665610 |
| North Dakota (State of) Housing Finance Agency; Series 2015, VRD RB<sup>(e)</sup> <br>| 2.79% | 07/01/2036 | 5935 | &nbsp;&nbsp; 5935000 |
|  |  |  |  | &nbsp;&nbsp; 8373895 |
| **Ohio–2.58%** | **Ohio–2.58%** | **Ohio–2.58%** | **Ohio–2.58%** | **Ohio–2.58%** |
| American Municipal Power, Inc. (Combined Hydroelectric); Series 2025, Ref. RB | 5.00% | 02/15/2033 | 250 | &nbsp;&nbsp; 284988 |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton); Series 2023, RB<sup>(b)</sup> <br>| 5.00% | 02/01/2027 | 3000 | &nbsp;&nbsp; 3045352 |
| Columbus (City of), OH; Series 2015, Ref. RB | 5.00% | 06/01/2030 | 1575 | &nbsp;&nbsp; 1592624 |
| Columbus City School District (Construction and Improvement); Series 2016 A, Ref. GO Bonds | 5.00% | 12/01/2031 | 6260 | &nbsp;&nbsp; 6320695 |
| &nbsp;&nbsp;&nbsp; Columbus Regional Airport Authority (John Glenn Columbus International Airport); <br> Series 2025, Ref. RB<br>| 5.00% | 01/01/2036 | 850 | &nbsp;&nbsp; 980876 |
| Cuyahoga (County of), OH (Shaker Square); Series 2010 D, Ref. RB | 5.00% | 12/01/2025 | 145 | &nbsp;&nbsp; 145000 |
| Dayton (City of), OH (James M. Cox); Series 2014 A, Ref. RB (INS - AGI)<sup>(a)(f)</sup> <br>| 5.00% | 12/01/2026 | 1335 | &nbsp;&nbsp; 1336444 |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC); Series 2021, RB<sup>(b)</sup> <br>| 4.38% | 06/15/2026 | 2500 | &nbsp;&nbsp; 2484180 |
| Hamilton (County of), OH; Series 2016 A, Ref. RB | 5.00% | 12/01/2030 | 3430 | &nbsp;&nbsp; 3513431 |
| Huber Heights (City of), OH; Series 2025, GO Notes | 5.00% | 06/25/2026 | 1500 | &nbsp;&nbsp; 1517963 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** | **Ohio–(continued)** |
| Martins Ferry (City of), OH; Series 2024, GO Notes<sup>(d)</sup> <br>| 4.25% | 12/16/2025 | $1200 | &nbsp;&nbsp; $1200481 |
| Ohio (State of) Air Quality Development Authority (Ohio Valley Electrical Corp.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, RB | 2.88% | 02/01/2026 | 1440 | &nbsp;&nbsp; 1438688 |
| &nbsp;&nbsp;&nbsp; Series 2009, RB | 2.88% | 02/01/2026 | 4610 | &nbsp;&nbsp; 4605414 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Higher Educational Facility Commission (University of Dayton 2025); <br> Series 2025, Ref. RB<br>| 5.00% | 02/01/2036 | 780 | &nbsp;&nbsp; 890352 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Higher Educational Facility Commission (University of Dayton); Series 2018, <br> Ref. RB<br>| 5.00% | 12/01/2035 | 2000 | &nbsp;&nbsp; 2082564 |
| Pickerington Local School District; Series 2025, Ref. GO Bonds | 5.00% | 12/01/2032 | 1000 | &nbsp;&nbsp; 1135488 |
| RiverSouth Authority; Series 2007 A, RB | 5.75% | 12/01/2027 | 305 | &nbsp;&nbsp; 305079 |
| Scioto (County of), OH (Southern Ohio Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 02/15/2032 | 2550 | &nbsp;&nbsp; 2556161 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 02/15/2033 | 2855 | &nbsp;&nbsp; 2861306 |
| Westerville City School District; Series 2018, COP | 5.00% | 12/01/2039 | 2450 | &nbsp;&nbsp; 2491574 |
|  |  |  |  | &nbsp;&nbsp; 40788660 |
| **Oklahoma–0.92%** | **Oklahoma–0.92%** | **Oklahoma–0.92%** | **Oklahoma–0.92%** | **Oklahoma–0.92%** |
| Oklahoma (State of) Capitol Improvement Authority (Capitol Repair); Series 2018 C, RB | 5.00% | 01/01/2038 | 2320 | &nbsp;&nbsp; 2383424 |
| Oklahoma (State of) Development Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB | 5.00% | 06/01/2027 | 430 | &nbsp;&nbsp; 444512 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB | 5.00% | 06/01/2028 | 325 | &nbsp;&nbsp; 343272 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB | 5.00% | 06/01/2029 | 595 | &nbsp;&nbsp; 640809 |
| Oklahoma (State of) Municipal Power Authority; Series 2025 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 01/01/2033 | 300 | &nbsp;&nbsp; 340322 |
| Oklahoma (State of) Turnpike Authority (Senior Bonds); Series 2025 A, RB | 5.00% | 01/01/2036 | 1000 | &nbsp;&nbsp; 1162589 |
| Tulsa County Independent School District No. 1 Tulsa; Series 2025 B, GO Bonds | 5.00% | 08/01/2028 | 5000 | &nbsp;&nbsp; 5283424 |
| Tulsa County Independent School District No. 4 Bixby; Series 2025, GO Bonds | 5.00% | 06/01/2027 | 1000 | &nbsp;&nbsp; 1032704 |
| Tulsa Municipal Airport Trust Trustees (American Airlines, Inc.); Series 2025, Ref. RB<sup>(f)</sup> <br>| 6.25% | 12/01/2035 | 1000 | &nbsp;&nbsp; 1153996 |
| University of Oklahoma (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 C, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 01/12/2026 | 500 | &nbsp;&nbsp; 501295 |
| &nbsp;&nbsp;&nbsp; Series 2014 C, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 01/12/2026 | 250 | &nbsp;&nbsp; 250647 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. RB | 5.00% | 07/01/2027 | 1000 | &nbsp;&nbsp; 1036072 |
|  |  |  |  | &nbsp;&nbsp; 14573066 |
| **Oregon–0.85%** | **Oregon–0.85%** | **Oregon–0.85%** | **Oregon–0.85%** | **Oregon–0.85%** |
| Morrow (Port of), OR; Series 2024 A, GO Bonds<sup>(d)</sup> <br>| 5.15% | 10/01/2026 | 5000 | &nbsp;&nbsp; 5000477 |
| Oregon (State of); Series 2020 J, Ref. VRD GO Bonds<sup>(e)</sup> <br>| 1.20% | 06/01/2039 | 600 | &nbsp;&nbsp; 600000 |
| &nbsp;&nbsp;&nbsp; Oregon (State of) Housing & Community Services Department (Verde Pines); Series 2025 O, <br> RB<sup>(b)</sup> <br>| 3.10% | 02/01/2028 | 1875 | &nbsp;&nbsp; 1874084 |
| Oregon Health & Science University; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 07/01/2033 | 1275 | &nbsp;&nbsp; 1289519 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 07/01/2036 | 3270 | &nbsp;&nbsp; 3300980 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 07/01/2039 | 1390 | &nbsp;&nbsp; 1400518 |
|  |  |  |  | &nbsp;&nbsp; 13465578 |
| **Pennsylvania–3.31%** | **Pennsylvania–3.31%** | **Pennsylvania–3.31%** | **Pennsylvania–3.31%** | **Pennsylvania–3.31%** |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Higher Education Building Authority (Robert Morris University); <br> Series 2017, RB<sup>(c)</sup> <br>| 5.00% | 10/15/2026 | 85 | &nbsp;&nbsp; 86652 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated <br> Group Issue); Series 2018, Ref. RB<br>| 5.00% | 04/01/2033 | 3800 | &nbsp;&nbsp; 3951480 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Health & Education Facilities Authority (Main Line Health System); <br> Series 2017 A, Ref. RB<br>| 5.00% | 10/01/2035 | 2025 | &nbsp;&nbsp; 2085023 |
| &nbsp;&nbsp;&nbsp; Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter <br> School);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 10/01/2029 | 350 | &nbsp;&nbsp; 363243 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)</sup> <br>| 5.00% | 10/01/2034 | 705 | &nbsp;&nbsp; 748033 |
| &nbsp;&nbsp;&nbsp; Montgomery (County of), PA Industrial Development Authority (Constellation Energy <br> Generation, LLC); Series 2023 A, Ref. RB<sup>(b)</sup> <br>| 4.10% | 04/03/2028 | 3000 | &nbsp;&nbsp; 3079203 |
| Pennsylvania (Commonwealth of); Series 2025 B, Ref. GO Bonds | 5.00% | 08/15/2026 | 3000 | &nbsp;&nbsp; 3051334 |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 AT-1, RB | 5.00% | 06/15/2031 | 1965 | &nbsp;&nbsp; 1986022 |
| &nbsp;&nbsp;&nbsp; Series 2016 AT-1, RB<sup>(c)</sup> <br>| 5.00% | 06/15/2031 | 355 | &nbsp;&nbsp; 391606 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** | **Pennsylvania–(continued)** |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson <br> University); Series 2015 B, VRD RB<sup>(e)</sup> <br>| 3.58% | 09/01/2045 | $10095 | &nbsp;&nbsp; $10095000 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2024-145A, <br> RB<br>| 6.00% | 10/01/2054 | 1450 | &nbsp;&nbsp; 1570526 |
| Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 12/01/2030 | 9990 | &nbsp;&nbsp; 10222086 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, VRD Ref. RB (LOC - Td Bank N.A.)<sup>(e)(i)</sup> <br>| 2.81% | 12/01/2043 | 6320 | &nbsp;&nbsp; 6320000 |
| Philadelphia (City of), PA; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fourteenth Series 2016, Ref. RB | 5.00% | 10/01/2031 | 3270 | &nbsp;&nbsp; 3328684 |
| &nbsp;&nbsp;&nbsp; Fourteenth Series 2016, Ref. RB | 5.00% | 10/01/2032 | 1400 | &nbsp;&nbsp; 1424776 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 07/01/2042 | 1740 | &nbsp;&nbsp; 1768426 |
| Philadelphia (City of), PA Housing Authority (PHADC Acquition Program); Series 2025, RB | 5.00% | 03/01/2027 | 1400 | &nbsp;&nbsp; 1434118 |
| Washington (County of), PA Redevelopment Authority (Victory Centre); Series 2018, Ref. RB | 5.00% | 07/01/2028 | 530 | &nbsp;&nbsp; 532361 |
|  |  |  |  | &nbsp;&nbsp; 52438573 |
| **Puerto Rico–0.38%** | **Puerto Rico–0.38%** | **Puerto Rico–0.38%** | **Puerto Rico–0.38%** | **Puerto Rico–0.38%** |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2026 | 100 | &nbsp;&nbsp; 100381 |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - SGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2026 | 3905 | &nbsp;&nbsp; 3919877 |
| &nbsp;&nbsp;&nbsp; Series 2005 RR, RB (INS - SGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2027 | 1505 | &nbsp;&nbsp; 1505024 |
| &nbsp;&nbsp;&nbsp; Series 2008 WW, RB (INS - AGI)<sup>(a)</sup> <br>| 5.25% | 07/01/2033 | 500 | &nbsp;&nbsp; 500080 |
|  |  |  |  | &nbsp;&nbsp; 6025362 |
| **Rhode Island–1.91%** | **Rhode Island–1.91%** | **Rhode Island–1.91%** | **Rhode Island–1.91%** | **Rhode Island–1.91%** |
| Bristol Warren Regional School District; Series 2025, GO Notes | 5.00% | 06/04/2026 | 12400 | &nbsp;&nbsp; 12538984 |
| &nbsp;&nbsp;&nbsp; Rhode Island Health & Educational Building Corp. (Higher Education Facilities- Brown); <br> Series 2005 A, VRD RB<sup>(e)</sup> <br>| 2.78% | 05/01/2035 | 7500 | &nbsp;&nbsp; 7500000 |
| &nbsp;&nbsp;&nbsp; Rhode Island Housing & Mortgage Finance Corp. (Green Bonds); Series 2024 1-A, RB (CEP - <br> Federal Housing Administration)<sup>(b)</sup> <br>| 3.60% | 10/01/2027 | 3000 | &nbsp;&nbsp; 3004731 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 06/01/2026 | 1145 | &nbsp;&nbsp; 1150171 |
| &nbsp;&nbsp;&nbsp; Series 2015 B, Ref. RB | 4.50% | 06/01/2045 | 6085 | &nbsp;&nbsp; 6077162 |
|  |  |  |  | &nbsp;&nbsp; 30271048 |
| **South Carolina–1.42%** | **South Carolina–1.42%** | **South Carolina–1.42%** | **South Carolina–1.42%** | **South Carolina–1.42%** |
| Corp ForGreer (City Improvement Projects); Series 2025, RB | 5.00% | 09/01/2028 | 150 | &nbsp;&nbsp; 159418 |
| &nbsp;&nbsp;&nbsp; Florence & Darlington (Counties of), SC Commission for Technical Education; Series 2014, Ref. <br> RB<br>| 5.00% | 03/01/2028 | 620 | &nbsp;&nbsp; 621053 |
| Piedmont Municipal Power Agency; Series 2021 C, Ref. RB | 5.00% | 01/01/2032 | 4000 | &nbsp;&nbsp; 4087152 |
| SCAGO Educational Facilities Corp. for Pickens School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 12/17/2025 | 1190 | &nbsp;&nbsp; 1191200 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 12/17/2025 | 1800 | &nbsp;&nbsp; 1801815 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & <br> South of Broad Healthcare);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 11/15/2027 | 250 | &nbsp;&nbsp; 256413 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 11/15/2028 | 275 | &nbsp;&nbsp; 285117 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 11/15/2029 | 250 | &nbsp;&nbsp; 261685 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 11/15/2030 | 250 | &nbsp;&nbsp; 264337 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 11/15/2031 | 280 | &nbsp;&nbsp; 298023 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health); <br> Series 2025, Ref. RB<sup>(b)</sup> <br>| 5.00% | 11/01/2030 | 3140 | &nbsp;&nbsp; 3433038 |
| South Carolina (State of) Public Service Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 12/01/2029 | 1885 | &nbsp;&nbsp; 1905284 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/01/2032 | 5000 | &nbsp;&nbsp; 5054212 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 12/01/2035 | 1750 | &nbsp;&nbsp; 1765963 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. RB | 5.00% | 12/01/2026 | 1000 | &nbsp;&nbsp; 1022131 |
|  |  |  |  | &nbsp;&nbsp; 22406841 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Tennessee–1.70%** | **Tennessee–1.70%** | **Tennessee–1.70%** | **Tennessee–1.70%** | **Tennessee–1.70%** |
| Clarksville (City of), TN; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 09/01/2026 | $1000 | &nbsp;&nbsp; $1018196 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.00% | 09/01/2027 | 1220 | &nbsp;&nbsp; 1270721 |
| Knoxville Industrial Development Board; Series 2025, RB<sup>(d)</sup> <br>| 4.25% | 11/01/2030 | 1500 | &nbsp;&nbsp; 1490838 |
| Metropolitan Nashville Airport Authority (The); Series 2015 B, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2033 | 1550 | &nbsp;&nbsp; 1556290 |
| &nbsp;&nbsp;&nbsp; Nashville (City of) & Davidson (County of), TN Metropolitan Government Health & Educational <br> Facilities Board (The) (Parkwood Villa Apts); Series 2025, RB<sup>(b)</sup> <br>| 3.15% | 12/01/2027 | 2700 | &nbsp;&nbsp; 2698557 |
| Shelby (County of), TN; Series 2022 A, GO Bonds | 5.00% | 04/01/2031 | 1980 | &nbsp;&nbsp; 2225479 |
| Tennessee Energy Acquisition Corp.; Series 2006 C, RB | 5.00% | 02/01/2027 | 1835 | &nbsp;&nbsp; 1857973 |
| Tennessee Energy Acquisition Corp. (Gas); Series 2023 A-1, Ref. RB<sup>(b)</sup> <br>| 5.00% | 05/01/2028 | 7415 | &nbsp;&nbsp; 7672796 |
| Tennessee Housing Development Agency (Social Bonds); Series 2022, RB | 5.50% | 01/01/2053 | 2785 | &nbsp;&nbsp; 2907104 |
| Williamson (County of), TX Industrial Development Board; Series 2023, RB<sup>(b)</sup> <br>| 5.00% | 05/01/2027 | 4125 | &nbsp;&nbsp; 4197286 |
|  |  |  |  | &nbsp;&nbsp; 26895240 |
| **Texas–10.56%** | **Texas–10.56%** | **Texas–10.56%** | **Texas–10.56%** | **Texas–10.56%** |
| Abilene (City of), TX; Series 2025, Ref. GO Bonds | 5.00% | 02/15/2027 | 1000 | &nbsp;&nbsp; 1025256 |
| Alvin College; Series 2025, Ref. GO Bonds | 5.00% | 02/15/2027 | 1440 | &nbsp;&nbsp; 1476628 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); Series 2025, <br> Ref. RB<sup>(d)</sup> <br>| 5.00% | 06/15/2030 | 2500 | &nbsp;&nbsp; 2586319 |
| Austin (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 11/15/2029 | 5600 | &nbsp;&nbsp; 5610710 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. GO Bonds | 5.00% | 09/01/2031 | 2500 | &nbsp;&nbsp; 2820516 |
| &nbsp;&nbsp;&nbsp; Austin Independent School District; Series 2017, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 08/01/2035 | 1160 | &nbsp;&nbsp; 1171147 |
| Board of Regents of the University of Texas System; Series 2025 A, RB | 5.00% | 08/15/2026 | 500 | &nbsp;&nbsp; 508556 |
| &nbsp;&nbsp;&nbsp; Boerne Independent School District; Series 2022, GO Bonds (CEP - Texas Permanent School <br> Fund)<sup>(b)</sup> <br>| 3.85% | 12/01/2027 | 2405 | &nbsp;&nbsp; 2456731 |
| &nbsp;&nbsp;&nbsp; Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream <br> Texas LLC); Series 2021, RN<sup>(d)(f)</sup> <br>| 3.63% | 07/01/2026 | 2200 | &nbsp;&nbsp; 2149100 |
| Central Texas Regional Mobility Authority; Series 2021 C, RB | 5.00% | 01/01/2027 | 5700 | &nbsp;&nbsp; 5711995 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. (Idea Public Schools); Series 2025, Ref. RB (CEP - Texas <br> Permanent School Fund)<br>| 5.00% | 08/15/2026 | 775 | &nbsp;&nbsp; 787167 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp. (International Leadership of Texas); Series 2025, Ref. <br> RB (CEP - Texas Permanent School Fund)<br>| 5.00% | 02/15/2026 | 2225 | &nbsp;&nbsp; 2235004 |
| Conroe Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. GO Bonds<sup>(b)(c)</sup> <br>| 5.00% | 02/15/2026 | 7810 | &nbsp;&nbsp; 7845885 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2037 | 2000 | &nbsp;&nbsp; 2294438 |
| &nbsp;&nbsp;&nbsp; Crowley Independent School District; Series 2025, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 02/01/2027 | 965 | &nbsp;&nbsp; 991591 |
| &nbsp;&nbsp;&nbsp; Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport); Series 2025 A-2, <br> RB<sup>(b)(f)</sup> <br>| 5.00% | 11/01/2029 | 3000 | &nbsp;&nbsp; 3174665 |
| Dallas (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 10/01/2032 | 3835 | &nbsp;&nbsp; 3840972 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 10/01/2031 | 1745 | &nbsp;&nbsp; 1819656 |
| Dallas (City of), TX (Palladium Bucker Station); Series 2025, RB<sup>(b)</sup> <br>| 3.05% | 08/01/2028 | 4000 | &nbsp;&nbsp; 4001080 |
| &nbsp;&nbsp;&nbsp; Dallas (City of), TX Independent School District; Series 2025 A-1, GO Bonds (CEP - Texas <br> Permanent School Fund)<sup>(b)</sup> <br>| 5.00% | 02/15/2026 | 3560 | &nbsp;&nbsp; 3576081 |
| Dallas College; Series 2022, GO Bonds | 5.00% | 02/15/2035 | 3250 | &nbsp;&nbsp; 3264166 |
| Denton (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 12/01/2030 | 1320 | &nbsp;&nbsp; 1350402 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 12/01/2035 | 3240 | &nbsp;&nbsp; 3304756 |
| DeSoto Independent School District; Series 2015 B, Ref. GO Bonds (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 08/15/2032 | 2000 | &nbsp;&nbsp; 2003294 |
| &nbsp;&nbsp;&nbsp; Dripping Springs Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 02/15/2031 | 1000 | &nbsp;&nbsp; 1117259 |
| &nbsp;&nbsp;&nbsp; Ector County Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 08/15/2027 | 2015 | &nbsp;&nbsp; 2099062 |
| &nbsp;&nbsp;&nbsp; Forney Independent School District; Series 2025, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 08/15/2028 | 750 | &nbsp;&nbsp; 796142 |
| Fort Bend (County of), TX; Series 2025, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 03/01/2028 | 1000 | &nbsp;&nbsp; 1050199 |
| Friendswood Independent School District; Series 2024, GO Notes | 5.00% | 02/15/2031 | 1500 | &nbsp;&nbsp; 1507458 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Garland (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, RB | 5.00% | 03/01/2031 | $1000 | &nbsp;&nbsp; $1005263 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, RB | 5.00% | 03/01/2033 | 1000 | &nbsp;&nbsp; 1004785 |
| &nbsp;&nbsp;&nbsp; Series 2016 B, RB | 5.00% | 03/01/2034 | 1000 | &nbsp;&nbsp; 1004496 |
| &nbsp;&nbsp;&nbsp; Grand Prairie Independent School District; Series 2011, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 4.00% | 02/15/2026 | 675 | &nbsp;&nbsp; 675492 |
| &nbsp;&nbsp;&nbsp; Grapevine-Colleyville Independent School District; Series 2025, Ref. GO Bonds (CEP - Texas <br> Permanent School Fund)<br>| 5.00% | 08/15/2030 | 3500 | &nbsp;&nbsp; 3873215 |
| &nbsp;&nbsp;&nbsp; Harris & Montgomery (Counties of), TX Municipal Utility District No. 386; Series 2014, GO <br> Bonds (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 09/01/2030 | 620 | &nbsp;&nbsp; 620312 |
| Harris (County of), TX; Series 2016 A, Ref. RB | 5.00% | 08/15/2034 | 1685 | &nbsp;&nbsp; 1706723 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System); <br> Series 2016, RB<br>| 5.00% | 07/01/2038 | 1605 | &nbsp;&nbsp; 1618693 |
| Harris County Cultural Education Facilities Finance Corp. (Teco Project); Series 2017, Ref. RB | 5.00% | 11/15/2033 | 3675 | &nbsp;&nbsp; 3817981 |
| &nbsp;&nbsp;&nbsp; Highland Park Independent School District; Series 2018, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.25% | 02/15/2026 | 1145 | &nbsp;&nbsp; 1151326 |
| &nbsp;&nbsp;&nbsp; Irving Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2028 | 425 | &nbsp;&nbsp; 446761 |
| Katy Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2027 | 1500 | &nbsp;&nbsp; 1543008 |
| &nbsp;&nbsp;&nbsp; Klein Independent School District; Series 2025, Ref. GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 08/01/2029 | 2000 | &nbsp;&nbsp; 2168244 |
| La Porte (County of), TX; Series 2025, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2031 | 2720 | &nbsp;&nbsp; 3043163 |
| La Vernia (City of), TX; Series 2025, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2030 | 1000 | &nbsp;&nbsp; 1092829 |
| &nbsp;&nbsp;&nbsp; Lamar Consolidated Independent School District; Series 2018, GO Bonds (CEP - Texas <br> Permanent School Fund)<br>| 5.00% | 02/15/2043 | 1000 | &nbsp;&nbsp; 1014610 |
| Leander Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, Ref. GO Bonds (CEP - Texas Permanent School Fund)<sup>(g)</sup> <br>| 0.00% | 08/15/2026 | 800 | &nbsp;&nbsp; 784555 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, Ref. GO Bonds<sup>(g)</sup> <br>| 0.00% | 08/15/2026 | 1400 | &nbsp;&nbsp; 1372016 |
| &nbsp;&nbsp;&nbsp; Lovejoy Independent School District; Series 2016, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 02/15/2033 | 2665 | &nbsp;&nbsp; 2674920 |
| Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2025, Ref. RB | 5.00% | 05/15/2026 | 1000 | &nbsp;&nbsp; 1010705 |
| Lubbock (City of), TX; Series 2025, RB | 5.00% | 02/15/2036 | 1160 | &nbsp;&nbsp; 1340225 |
| &nbsp;&nbsp;&nbsp; Lubbock Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2031 | 1540 | &nbsp;&nbsp; 1718193 |
| &nbsp;&nbsp;&nbsp; Mansfield Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2028 | 1725 | &nbsp;&nbsp; 1812185 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(d)(f)</sup> <br>| 4.63% | 10/01/2031 | 935 | &nbsp;&nbsp; 937765 |
| Mueller Local Government Corp.; Series 2009, RB | 4.25% | 09/01/2029 | 30 | &nbsp;&nbsp; 30027 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center); Series 2021, <br> Ref. RB<sup>(d)</sup> <br>| 4.00% | 08/15/2027 | 1040 | &nbsp;&nbsp; 1032505 |
| North East Texas Regional Mobility Authority; Series 2025 A, Ref. RB | 5.00% | 01/01/2033 | 500 | &nbsp;&nbsp; 562431 |
| North Harris (County of), TX Regional Water Authority; Series 2013, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 12/15/2030 | 205 | &nbsp;&nbsp; 205279 |
| North Texas Municipal Water District; Series 2025, Ref. RB | 5.00% | 09/01/2030 | 1750 | &nbsp;&nbsp; 1940013 |
| North Texas Tollway Authority; Series 2016 A, Ref. RB<sup>(b)(c)</sup> <br>| 5.00% | 01/01/2026 | 1000 | &nbsp;&nbsp; 1001936 |
| &nbsp;&nbsp;&nbsp; Pearland Independent School District; Series 2025, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 02/15/2037 | 1250 | &nbsp;&nbsp; 1436179 |
| Pecos Barstow Toyah Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2038 | 1350 | &nbsp;&nbsp; 1352614 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 5.00% | 02/15/2040 | 1885 | &nbsp;&nbsp; 1887479 |
| Permanent University Fund - University of Texas System; Series 2025 A, Ref. RB | 5.00% | 07/01/2036 | 6695 | &nbsp;&nbsp; 7959231 |
| Plano (City of), TX; Series 2023, Ref. GO Bonds | 5.00% | 09/01/2036 | 3370 | &nbsp;&nbsp; 3765938 |
| &nbsp;&nbsp;&nbsp; Round Rock Independent School District; Series 2025 C, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 08/01/2027 | 2500 | &nbsp;&nbsp; 2599015 |
| San Antonio (City of), TX Water System; Series 2024 A, VRD GO Bonds<sup>(e)</sup> <br>| 1.40% | 05/01/2054 | 8000 | &nbsp;&nbsp; 8000000 |
| &nbsp;&nbsp;&nbsp; San Antonio Independent School District; Series 2016, Ref. GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 08/15/2031 | 1615 | &nbsp;&nbsp; 1637749 |
| &nbsp;&nbsp;&nbsp; Sherman Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2028 | 800 | &nbsp;&nbsp; 841666 |
| Tarrant (County of), TX Regional Water District; Series 2015, Ref. RB | 5.00% | 03/01/2028 | 1055 | &nbsp;&nbsp; 1056693 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health); <br> Series 2016, Ref. RB<br>| 5.00% | 11/15/2032 | 1020 | &nbsp;&nbsp; 1029750 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** | **Texas–(continued)** |
| Texas (State of) Water Development Board; Series 2025, RB | 5.00% | 04/15/2032 | $2000 | &nbsp;&nbsp; $2280256 |
| &nbsp;&nbsp;&nbsp; Texas (State of) Water Development Board (State Water Implementation Fund); Series 2015 A, <br> RB<br>| 5.00% | 10/15/2031 | 2875 | &nbsp;&nbsp; 2878975 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. II; Series 2007, RB (SIFMA Municipal Swap <br> Index + 0.55%)<sup>(j)</sup> <br>| 3.34% | 09/15/2027 | 6305 | &nbsp;&nbsp; 6292170 |
| &nbsp;&nbsp;&nbsp; Tomball Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 5.00% | 02/15/2030 | 1300 | &nbsp;&nbsp; 1423933 |
| University of Houston; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/15/2033 | 2275 | &nbsp;&nbsp; 2283989 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/15/2034 | 5000 | &nbsp;&nbsp; 5019443 |
| West Travis County Public Utility Agency; Series 2017, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 08/15/2030 | 45 | &nbsp;&nbsp; 46792 |
| &nbsp;&nbsp;&nbsp; Wink-Loving Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 5.00% | 02/15/2034 | 500 | &nbsp;&nbsp; 508525 |
|  |  |  |  | &nbsp;&nbsp; 167086288 |
| **Utah–0.80%** | **Utah–0.80%** | **Utah–0.80%** | **Utah–0.80%** | **Utah–0.80%** |
| Downtown Revitalization Public Infrastructure District; Series 2025, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2027 | 1000 | &nbsp;&nbsp; 1032704 |
| Grand (County of), UT School District Local Building Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/15/2030 | 1370 | &nbsp;&nbsp; 1371295 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 12/15/2038 | 2040 | &nbsp;&nbsp; 2041928 |
| Local Building Authority of Alpine School District (West School District); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 03/15/2029 | 1000 | &nbsp;&nbsp; 1078356 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 03/15/2030 | 1000 | &nbsp;&nbsp; 1101484 |
| Ogden City School District; Series 2020, GO Bonds (CEP - Oregon School Bond Guaranty) | 5.00% | 06/15/2029 | 1000 | &nbsp;&nbsp; 1084139 |
| Utah Housing Corp. (Liberty Corner); Series 2025, RB<sup>(b)</sup> <br>| 3.00% | 09/01/2029 | 3300 | &nbsp;&nbsp; 3288394 |
| Utah Transit Authority; Series 2025, Ref. RB | 5.00% | 12/15/2028 | 1600 | &nbsp;&nbsp; 1717131 |
|  |  |  |  | &nbsp;&nbsp; 12715431 |
| **Vermont–0.14%** | **Vermont–0.14%** | **Vermont–0.14%** | **Vermont–0.14%** | **Vermont–0.14%** |
| Vermont Municipal Bond Bank; Series 2025, Ref. RB | 5.00% | 12/01/2031 | 2000 | &nbsp;&nbsp; 2270556 |
| **Virginia–0.32%** | **Virginia–0.32%** | **Virginia–0.32%** | **Virginia–0.32%** | **Virginia–0.32%** |
| &nbsp;&nbsp;&nbsp; Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay); <br> Series 2023 B-3, RB<br>| 5.38% | 09/01/2029 | 1850 | &nbsp;&nbsp; 1872810 |
| Virginia Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 07/01/2027 | 675 | &nbsp;&nbsp; 699345 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 07/01/2030 | 510 | &nbsp;&nbsp; 562749 |
| Wise County Industrial Development Authority; Series 2009, RB<sup>(b)</sup> <br>| 3.13% | 10/01/2030 | 2000 | &nbsp;&nbsp; 2007109 |
|  |  |  |  | &nbsp;&nbsp; 5142013 |
| **Washington–2.73%** | **Washington–2.73%** | **Washington–2.73%** | **Washington–2.73%** | **Washington–2.73%** |
| Central Puget Sound Regional Transit Authority; Series 1999, RB (INS - NATL)<sup>(a)</sup> <br>| 4.75% | 02/01/2028 | 940 | &nbsp;&nbsp; 940934 |
| Discovery Clean Water Alliance; Series 2022, RB | 5.00% | 12/01/2025 | 1210 | &nbsp;&nbsp; 1210000 |
| Energy Northwest; Series 2025 A, Ref. RB | 5.00% | 07/01/2027 | 5000 | &nbsp;&nbsp; 5196143 |
| Grant (County of), WA Public Utility District No. 2; Series 2023 U, Ref. RB | 4.00% | 01/01/2026 | 5725 | &nbsp;&nbsp; 5731157 |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments); Series 1998, RB | 5.60% | 03/01/2028 | 10 | &nbsp;&nbsp; 10002 |
| &nbsp;&nbsp;&nbsp; King County School District No. 401 Highline; Series 2025, GO Bonds (CEP - Oregon School <br> Bond Guaranty)<br>| 5.00% | 12/01/2036 | 700 | &nbsp;&nbsp; 814296 |
| Lewis (County of), WA Public Utility District No. 1; Series 2013, Ref. RB | 5.25% | 04/01/2032 | 5000 | &nbsp;&nbsp; 5021138 |
| Seattle (City of), WA; Series 2025, Ref. RB | 5.00% | 02/01/2030 | 1000 | &nbsp;&nbsp; 1097769 |
| Seattle (Port of), WA; Series 2017, GO Bonds | 5.00% | 01/01/2036 | 4000 | &nbsp;&nbsp; 4089705 |
| &nbsp;&nbsp;&nbsp; Snohomish County Public Utility District No.1 Generation System Revenue; Series 2025 B, Ref. <br> RB<br>| 5.00% | 12/01/2036 | 1000 | &nbsp;&nbsp; 1170656 |
| Washington (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, GO Bonds | 5.00% | 08/01/2031 | 1205 | &nbsp;&nbsp; 1222652 |
| &nbsp;&nbsp;&nbsp; Series 2016 C, GO Bonds<sup>(b)(c)</sup> <br>| 5.00% | 02/01/2026 | 2760 | &nbsp;&nbsp; 2770503 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 5.00% | 08/01/2032 | 2690 | &nbsp;&nbsp; 3088292 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** | **Washington–(continued)** |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 10/01/2026 |  | $2540 | &nbsp;&nbsp; $2541885 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 10/01/2027 |  | 2415 | &nbsp;&nbsp; 2421578 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 10/01/2028 |  | 165 | &nbsp;&nbsp; 165489 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 4.25% | 10/01/2040 |  | 2800 | &nbsp;&nbsp; 2799936 |
| Washington State University; Series 2025, Ref. RB | 5.00% | 04/01/2035 |  | 2490 | &nbsp;&nbsp; 2911220 |
|  |  |  |  |  | &nbsp;&nbsp; 43203355 |
| **West Virginia–0.20%** | **West Virginia–0.20%** | **West Virginia–0.20%** | **West Virginia–0.20%** | **West Virginia–0.20%** | **West Virginia–0.20%** |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Appalachain Power Company- AMOS <br> Project); Series 2011 A, RB<sup>(b)(f)</sup> <br>| 3.30% | 09/01/2028 |  | 2000 | &nbsp;&nbsp; 2014008 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Hospital Finance Authority (West Virginia University Health System <br> Obligated Group); Series 2017, RB<br>| 5.00% | 06/01/2035 |  | 1100 | &nbsp;&nbsp; 1127005 |
|  |  |  |  |  | &nbsp;&nbsp; 3141013 |
| **Wisconsin–2.23%** | **Wisconsin–2.23%** | **Wisconsin–2.23%** | **Wisconsin–2.23%** | **Wisconsin–2.23%** | **Wisconsin–2.23%** |
| Central Brown (County of), WI Water Authority; Series 2024 A, Ref. RB | 5.00% | 11/01/2026 |  | 1455 | &nbsp;&nbsp; 1482491 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group); <br> Series 2016 A, Ref. RB<br>| 5.00% | 11/15/2039 |  | 1350 | &nbsp;&nbsp; 1355687 |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 08/15/2026 |  | 100 | &nbsp;&nbsp; 100238 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 08/15/2027 |  | 800 | &nbsp;&nbsp; 801835 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Forensic Science and Protective <br> Medicine Facility); Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 08/01/2027 |  | 7770 | &nbsp;&nbsp; 7844337 |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance); Series 2012, RB | 5.00% | 06/01/2027 |  | 3225 | &nbsp;&nbsp; 3230900 |
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 12/01/2028 |  | 980 | &nbsp;&nbsp; 982850 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 12/01/2029 |  | 1475 | &nbsp;&nbsp; 1478251 |
| Wisconsin (State of) Housing & Economic Development Authority; Series 2023 E, RB<sup>(b)</sup> <br>| 3.88% | 05/01/2027 |  | 3890 | &nbsp;&nbsp; 3891494 |
| Wisconsin (State of) Public Finance Authority; Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2033 |  | 1700 | &nbsp;&nbsp; 1026707 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy); Series 2024, <br> RB<sup>(d)</sup> <br>| 5.25% | 06/15/2035 |  | 1070 | &nbsp;&nbsp; 1070214 |
| Wisconsin (State of) Public Finance Authority (Duke Energy Progress); Series 2022, Ref. RB<sup>(b)</sup> <br>| 3.30% | 10/01/2026 |  | 1745 | &nbsp;&nbsp; 1747423 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. - Central District <br> Development);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 03/01/2030 |  | 2375 | &nbsp;&nbsp; 2385598 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 03/01/2032 |  | 4315 | &nbsp;&nbsp; 4333058 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 03/01/2035 |  | 2000 | &nbsp;&nbsp; 2006556 |
| Wisconsin (State of) Public Finance Authority (Milo Farms Project); Series 2025, RB<sup>(d)(g)</sup> <br>| 0.00% | 12/15/2039 |  | 3000 | &nbsp;&nbsp; 1056066 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); Series 2018 <br> A, RB<br>| 5.00% | 12/01/2027 |  | 450 | &nbsp;&nbsp; 455426 |
|  |  |  |  |  | &nbsp;&nbsp; 35249131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,526,764,403) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,526,764,403) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,526,764,403) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $1,526,764,403) |  | &nbsp;&nbsp; 1535107051 |
|  |  |  | **Shares** | **Shares** |  |
| **MuniFund Preferred Shares–1.19%** | **MuniFund Preferred Shares–1.19%** | **MuniFund Preferred Shares–1.19%** | **MuniFund Preferred Shares–1.19%** | **MuniFund Preferred Shares–1.19%** | **MuniFund Preferred Shares–1.19%** |
| &nbsp;&nbsp;&nbsp; Nuveen AMT-Free Quality Municipal Income Fund, MFP, Series D<sup>(d)(e)</sup> <br>|  |  |  | 10000000 | &nbsp;&nbsp; 10000000 |
| &nbsp;&nbsp;&nbsp; Nuveen AMT-Free Quality Municipal Income Fund<sup>(d)(e)</sup> <br>|  |  |  | 8880000 | &nbsp;&nbsp; 8880000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total MuniFund Preferred Shares (Cost $18,880,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total MuniFund Preferred Shares (Cost $18,880,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total MuniFund Preferred Shares (Cost $18,880,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total MuniFund Preferred Shares (Cost $18,880,000) |  | &nbsp;&nbsp; 18880000 |
| **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** | **Exchange-Traded Funds–0.06%** |
| &nbsp;&nbsp;&nbsp; Invesco Rochester High Yield Municipal ETF <br>(Cost $872,950)<sup>(k)</sup> <br>|  |  |  | 17000 | &nbsp;&nbsp; 864358 |
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** |  |
| **U.S. Dollar Denominated Bonds & Notes–0.00%** | **U.S. Dollar Denominated Bonds & Notes–0.00%** | **U.S. Dollar Denominated Bonds & Notes–0.00%** | **U.S. Dollar Denominated Bonds & Notes–0.00%** | **U.S. Dollar Denominated Bonds & Notes–0.00%** | **U.S. Dollar Denominated Bonds & Notes–0.00%** |
| **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** | **California–0.00%** |
| &nbsp;&nbsp;&nbsp; CalPlant I LLC; Exit Facility <br>(Cost $75,000)<sup>(d)(l)</sup> <br>| 15.00% | 02/28/2027 |  | $75 | &nbsp;&nbsp; 14716 |

---

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

**Invesco Short Term Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **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>(l)</sup> <br>|  | 12000 | &nbsp;&nbsp; $0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–98.25% (Cost $1,546,592,353) | TOTAL INVESTMENTS IN SECURITIES<sup>(m)</sup>–98.25% (Cost $1,546,592,353) |  | &nbsp;&nbsp; 1554866125 |
| OTHER ASSETS LESS LIABILITIES–1.75% | OTHER ASSETS LESS LIABILITIES–1.75% |  | &nbsp;&nbsp; 27670322 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $1582536447 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| LOC | – Letter of Credit |
| MFP | – MuniFund Preferred Shares |
| NATL | – National Public Finance Guarantee Corp. |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SGI | – Syncora Guarantee, Inc. |
| SIFMA | – Securities Industry and Financial Markets Association |
| SOFR | – Secured Overnight Financing Rate |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

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

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

<sup>(d)</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 $105,044,743, which represented 6.64% of the Fund's Net Assets. 

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

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

<sup>(h)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $1,435,493, which represented less than 1% of the Fund's Net Assets.

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

<sup>(j)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on November 30, 2025.

<sup>(k)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended November 30, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**August 31, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation**<br>| **Realized** <br>**Gain**<br>| **Value** <br>**November 30, 2025**<br>| **Dividend Income** |
| Invesco Rochester High Yield Municipal ETF | $844625 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $19733 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $864358 | &nbsp;&nbsp; $11093 |

---

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

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

<sup>(m)</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 Short Term Municipal 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; $1535107051 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1535107051 |
| MuniFund Preferred Shares | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18880000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 18880000 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 864358 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 864358 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14716 | &nbsp;&nbsp;&nbsp;&nbsp; 14716 |
| 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 in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 864358 | &nbsp;&nbsp;&nbsp;&nbsp; 1553987051 | &nbsp;&nbsp;&nbsp;&nbsp; 14716 | &nbsp;&nbsp;&nbsp;&nbsp; 1554866125 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6413 | &nbsp;&nbsp;&nbsp;&nbsp; 4905 | &nbsp;&nbsp;&nbsp;&nbsp; 11318 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $864358 | &nbsp;&nbsp;&nbsp;&nbsp; $1553993464 | &nbsp;&nbsp;&nbsp;&nbsp; $19621 | &nbsp;&nbsp;&nbsp;&nbsp; $1554877443 |

---

**Invesco Short Term Municipal Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000064614

- **c. LEI of Series:** 549300ETHGNJGGEEV863

**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:** $1604839647.38

**Total Liabilities:** $26028112.09

**Net Assets:** $1578811535.29

**Delayed Delivery Securities:** $6996411.95

**Cash Not Reported:** $23682820.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -11602.33582121 | **1-Year:** -63076.03444773 | **5-Year:** -106933.57635802 | **10-Year:** -145198.66662083 | **30-Year:** -49601.68683413

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

- **3-Month:** -1032.34113664 | **1-Year:** -4462.43355877 | **5-Year:** -7779.17206960 | **10-Year:** -9533.03824937 | **30-Year:** -2940.89828992

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209154 | 0.53%                | 0.26%                | 0.26%                |
| Class ID C000209155 | 0.54%                | 0.27%                | 0.27%                |
| Class ID C000209156 | 0.51%                | 0.24%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-25477.12               | $3394751.31                                |
| Month 2  | $380969.04               | $-1036669.36                               |
| Month 3  | $264822.89               | $-227773.57                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Texas (State of) Water Development Board (State Water Implementation Fund)                                             | Texas (State of) Water Development Board (State Water Implementation Fund), Series 2015 A, RB                                           | CUSIP: 882854WS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2878974.98   | 0.18%             | 2031-10-15      | Fixed         | 5.00%                 | 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        |   1750000 | PA      | $1765963.15   | 0.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development)              | Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB              | CUSIP: 74444YAQ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4333057.84   | 0.27%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                             | Illinois (State of) Toll Highway Authority, Series 2016 A, Ref. RB                                                                      | CUSIP: 452252LG2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   9115000 | PA      | $9131066.10   | 0.58%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami (City of) & Dade (County of), FL School Board (The)                                                              | Miami (City of) & Dade (County of), FL School Board (The), Series 2016 A, Ref. COP                                                      | CUSIP: 59333MQ81<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   3295000 | PA      | $3319460.76   | 0.21%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group)                         | Wisconsin (State of) Health & Educational Facilities Authority (Ascension Health Credit Group), Series 2016 A, Ref. RB                  | CUSIP: 97712DQV1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1355687.55   | 0.09%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)              | New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport), Series 2016, Ref. RB         | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20070000 | PA      | $20079866.41  | 1.27%             | 2031-08-01      | 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: 650116BN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3090802.16   | 0.20%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.)                     | Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB              | CUSIP: 54659LBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2698325.81   | 0.17%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                  | New York (City of), NY Transitional Finance Authority, Series 2016, RB                                                                  | CUSIP: 64971WL73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3940000 | PA      | $3974664.91   | 0.25%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.)                     | Louisville (City of) & Jefferson (County of), KY Metropolitan Government (Norton Healthcare, Inc.), Series 2016 A, Ref. RB              | CUSIP: 54659LBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2878035.87   | 0.18%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                              | New Jersey (State of) Transportation Trust Fund Authority, Series 2016 A-1, RN                                                          | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1152389.86   | 0.07%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of)                                                                                                 | Connecticut (State of), Series 2016 E, GO Bonds                                                                                         | CUSIP: 20772J4N9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3340707.88   | 0.21%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority                                                                                            | Great Lakes Water Authority, Series 2016 D, Ref. RB                                                                                     | CUSIP: 39081JBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5053687.50   | 0.32%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi (State of)                                                                                                 | Mississippi (State of), Series 2015 C, Ref. GO Bonds                                                                                    | CUSIP: 605581FQ5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507993.20   | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                   | Chicago (City of), IL (O'Hare International Airport), Series 2016 C, Ref. RB                                                            | CUSIP: 167593VV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002937.30   | 0.19%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                                                                   | Central Florida Expressway Authority, Series 2016 B, Ref. RB                                                                            | CUSIP: 153476BN5<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3047481.99   | 0.19%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group)                              | Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group), Series 2016, Ref. RB                         | CUSIP: 56682HBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5044323.57   | 0.32%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams & Arapahoe Joint School District No. 28J Aurora                                                                  | Adams & Arapahoe Joint School District No. 28J Aurora, Series 2017 A, Ref. GO Bonds                                                     | CUSIP: 0054823C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2760285.87   | 0.17%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corp.                                                                                        | Phoenix Civic Improvement Corp., Series 2017, Ref. RB                                                                                   | CUSIP: 71883RPN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5145000 | PA      | $5190766.32   | 0.33%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                               | New Jersey (State of) Turnpike Authority, Series 2014 A, RB                                                                             | CUSIP: 6461394W2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3090000 | PA      | $3095209.43   | 0.20%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District)        | Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community Improvement District), Series 2016 A, Ref. RB | CUSIP: 48503VAG7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99876.93     | 0.01%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                   | Chicago (City of), IL (O'Hare International Airport), Series 2017 B, Ref. RB                                                            | CUSIP: 167593A85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1142946.34   | 0.07%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                            | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB                                     | CUSIP: 13032UNQ7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1343214.48   | 0.09%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corp.                                                                                        | Phoenix Civic Improvement Corp., Series 2014 B, Ref. RB                                                                                 | CUSIP: 71883RNK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2574019.82   | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                         | Washington Metropolitan Area Transit Authority, Series 2017 B, RB                                                                       | CUSIP: 938782FT1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3814495.50   | 0.24%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Municipal Power Agency                                                                              | Florida (State of) Municipal Power Agency, Series 2016 A, Ref. RB                                                                       | CUSIP: 342816H99<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2426812.63   | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                                                                   | Central Florida Expressway Authority, Series 2017, Ref. RB                                                                              | CUSIP: 153476CZ7<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1578858.94   | 0.10%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System                                                                                                    | JEA Electric System, Series 2017 B, Ref. RB                                                                                             | CUSIP: 46613SGM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4147726.40   | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                    | Metropolitan Transportation Authority (Green Bonds), Series 2017 C-1, Ref. RB                                                           | CUSIP: 59261APW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    605000 | PA      | $618074.84    | 0.04%             | 2026-11-15      | 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        |    450000 | PA      | $455426.46    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (County of), PA Redevelopment Authority (Victory Centre)                                                    | Washington (County of), PA Redevelopment Authority (Victory Centre), Series 2018, Ref. RB                                               | CUSIP: 938618AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $532361.31    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                                                         | Central Puget Sound Regional Transit Authority, Series 1999, RB                                                                         | CUSIP: 155048BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $940933.61    | 0.06%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), MD                                                                                             | Montgomery (County of), MD, Series 2017, GO Bonds                                                                                       | CUSIP: 6133408D3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5780000.00   | 0.37%             | 2037-11-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway)       | Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky Information Highway), Series 2015 A, RB     | CUSIP: 49126PEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001344.50   | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                         | Lamar Consolidated Independent School District, Series 2018, GO Bonds                                                                   | CUSIP: 513174XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014609.60   | 0.06%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                              | New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RN                                                       | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5053705.50   | 0.32%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) (Transportation Infrastructure)                                                                 | Connecticut (State of) (Transportation Infrastructure), Series 2015 A, RB                                                               | CUSIP: 207758UA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1983422.83   | 0.13%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                    | Illinois (State of), Series 2016, GO Bonds                                                                                              | CUSIP: 452152A43<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3510000 | PA      | $3515842.04   | 0.22%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Trinity Health Credit Group)                                                    | Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2015, Ref. RB                                               | CUSIP: 59447P7W5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2260928.95   | 0.14%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                       | New York & New Jersey (States of) Port Authority, One Hundred Seventy Fifth Series 2012, RB                                             | CUSIP: 73358WJM7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    480000 | PA      | $480000.00    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                       | New York & New Jersey (States of) Port Authority, One Hundred Seventy Fifth Series 2012, RB                                             | CUSIP: 73358WJN5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    470000 | PA      | $470468.26    | 0.03%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant (County of), TX Regional Water District                                                                        | Tarrant (County of), TX Regional Water District, Series 2015, Ref. RB                                                                   | CUSIP: 876443LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1056693.06   | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                  | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2012 A, RB                                | CUSIP: 93978HFQ3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2421577.98   | 0.15%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Aviation Authority (Tampa International Airport)                                          | Hillsborough (County of), FL Aviation Authority (Tampa International Airport), Series 2018 F, RB                                        | CUSIP: 432308K52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1341163.77   | 0.08%             | 2043-10-01      | 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        |    935000 | PA      | $937765.17    | 0.06%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                        | Miami-Dade (County of), FL Expressway Authority, Series 2016 A, Ref. RB                                                                 | CUSIP: 593338AW6<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018484.80   | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 RR, RB                                                              | CUSIP: 74526QUF7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100380.97    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island Obligated Group)                | Nassau County Local Economic Assistance Corp. (Catholic Health Services of Long Island Obligated Group), Series 2014, RB                | CUSIP: 63166LCX7<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504365.00   | 0.10%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)                                                                  | Board of Trustees of the University of Illinois (The), Series 2008 A, Ref. COP                                                          | CUSIP: 914325CW3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1022152.71   | 0.06%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The))                                 | Pima (County of), AZ Industrial Development Authority (Excalibur Charter School (The)), Series 2016, Ref. RB                            | CUSIP: 72177MRJ8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25045.48     | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina                                                                                           | University of North Carolina, Series 2008 A, RB                                                                                         | CUSIP: 9147208Q3<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10014.05     | 0.00%             | 2028-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rosalind Franklin University)                                                   | Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, Ref. RB                                              | CUSIP: 45204EUT3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    425000 | PA      | $436149.28    | 0.03%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.)                                              | Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.), Series 2002, RB                                              | CUSIP: 451916AH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    560000 | PA      | $560746.65    | 0.04%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Muskegon Heights (City of), MI                                                                                         | Muskegon Heights (City of), MI, Series 2006, Ref. RB                                                                                    | CUSIP: 627763FE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185131.68    | 0.01%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Howell Mountain Elementary School District (Election of 2005)                                                          | Howell Mountain Elementary School District (Election of 2005), Series 2007, GO Bonds                                                    | CUSIP: 44315MBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $326869.70    | 0.02%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florence & Darlington (Counties of), SC Commission for Technical Education                                             | Florence & Darlington (Counties of), SC Commission for Technical Education, Series 2014, Ref. RB                                        | CUSIP: 340168BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $621052.76    | 0.04%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (Leading Edge Academy Maricopa)                                  | Pima (County of), AZ Industrial Development Authority (Leading Edge Academy Maricopa)                                                   | CUSIP: 72177PBG4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4820000 | PA      | $4820000.00   | 0.31%             | 2045-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Merrillville (Town of), IN (Belvedere Housing)                                                                         | Merrillville (Town of), IN (Belvedere Housing), Series 2016, RB                                                                         | CUSIP: 590250AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99882.94     | 0.01%             | 2026-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments)                                                  | Kelso (City of), WA Housing Authority (Chinook & Columbia Apartments), Series 1998, RB                                                  | CUSIP: 488269AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.01     | 0.00%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (California Community Colleges)                                               | California (State of) Public Works Board (California Community Colleges), Series 2005 E, RB                                             | CUSIP: 130684XV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170256.80    | 0.01%             | 2026-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Game & Fish Department & Commission (AGF Administration Building)                                   | Arizona (State of) Game & Fish Department & Commission (AGF Administration Building), Series 2006, RB                                   | CUSIP: 04051JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106337.79    | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. II                                                                      | Texas Municipal Gas Acquisition & Supply Corp. II, Series 2007, RB                                                                      | CUSIP: 88255QAE9<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   6305000 | PA      | $6292169.96   | 0.40%             | 2027-09-15      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| RiverSouth Authority                                                                                                   | RiverSouth Authority, Series 2007 A, RB                                                                                                 | CUSIP: 769318CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305078.84    | 0.02%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (University of Rochester)                                                   | Monroe County Industrial Development Corp. (University of Rochester), Series 2015 A, Ref. RB                                            | CUSIP: 61075TMC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007711.60   | 0.13%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (St. Paul City School)                                        | St. Paul (City of), MN Housing & Redevelopment Authority (St. Paul City School), Series 2016 A, Ref. RB                                 | CUSIP: 852297BS8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176665.70    | 0.01%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rosalind Franklin University)                                                   | Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, Ref. RB                                              | CUSIP: 45204EUU0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511621.65    | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Rosalind Franklin University)                                                   | Illinois (State of) Finance Authority (Rosalind Franklin University), Series 2017, Ref. RB                                              | CUSIP: 45204EUV8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    325000 | PA      | $332387.80    | 0.02%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Higher Education Building Authority (Robert Morris University)                               | Allegheny (County of), PA Higher Education Building Authority (Robert Morris University), Series 2017, RB                               | CUSIP: 01728RMR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86651.87     | 0.01%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Capital Projects Corp.                                                                                | Jefferson County Capital Projects Corp., Series 2007 A, Ref. RB                                                                         | CUSIP: 473020LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25032.71     | 0.00%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Baldwin (County of), AL Public Building Authority (DHR)                                                                | Baldwin (County of), AL Public Building Authority (DHR), Series 2007 A, Revenue Wts.                                                    | CUSIP: 057864AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10007.78     | 0.00%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Waltham (City of), MA                                                                                                  | Waltham (City of), MA, Series 2008, GO Bonds                                                                                            | CUSIP: 933254ZX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15015.22     | 0.00%             | 2027-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 RR, RB                                                              | CUSIP: 74526QDF6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   3905000 | PA      | $3919876.88   | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 RR, RB                                                              | CUSIP: 74526QDG4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1505023.48   | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook (County of), IL                                                                                                   | Cook (County of), IL, Series 2016 A, Ref. GO Bonds                                                                                      | CUSIP: 213185KK6<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018293.20   | 0.06%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Trinity Health Credit Group)                                                    | Michigan (State of) Finance Authority (Trinity Health Credit Group), Series 2015, Ref. RB                                               | CUSIP: 59447P7P0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3096759.62   | 0.20%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                | New York (State of) Dormitory Authority, Series 2016 D, Ref. RB                                                                         | CUSIP: 64990E4W4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4035875.17   | 0.26%             | 2026-08-15      | Fixed         | 5.00%                 | 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: 837151PK9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1905284.11   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Governmental Agency Finance Group (Flexible Term Program)                                         | Minnesota (State of) Governmental Agency Finance Group (Flexible Term Program), Series 2007 A-1, RB                                     | CUSIP: 60403PEG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.32     | 0.00%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp. (Northrop Grumman Corp.)                                                            | Mississippi Business Finance Corp. (Northrop Grumman Corp.), Series 2006, RB                                                            | CUSIP: 60528AAA2<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25004.74     | 0.00%             | 2028-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Collinsville (City of), IL Area Recreation District                                                                    | Collinsville (City of), IL Area Recreation District, Series 2007, Ref. GO Bonds                                                         | CUSIP: 195063DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65011.59     | 0.00%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Chicago Fire Protection District                                                                                  | West Chicago Fire Protection District, Series 2008, GO Bonds                                                                            | CUSIP: 952075AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15010.95     | 0.00%             | 2029-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (No. 4)                                                                           | Black Belt Energy Gas District (The) (No. 4), Series 2019 A-1, RB                                                                       | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  20675000 | PA      | $20675000.00  | 1.31%             | 2025-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PEFA, Inc.                                                                                                             | PEFA, Inc., Series 2019, RB                                                                                                             | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  19695000 | PA      | $19901157.41  | 1.26%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No. 12                                                                           | Albuquerque Municipal School District No. 12, Series 2017, GO Bonds                                                                     | CUSIP: 013595UV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2613749.63   | 0.17%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No. 12                                                                           | Albuquerque Municipal School District No. 12, Series 2017, GO Bonds                                                                     | CUSIP: 013595UX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1722867.21   | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No. 12                                                                           | Albuquerque Municipal School District No. 12, Series 2017, GO Bonds                                                                     | CUSIP: 013595UY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2946824.30   | 0.19%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue)              | Allegheny (County of), PA Hospital Development Authority (Allegheny Health Network Obligated Group Issue), Series 2018, Ref. RB         | CUSIP: 01728A3T1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3951479.78   | 0.25%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                                   | Austin (City of), TX, Series 2015 A, Ref. RB                                                                                            | CUSIP: 052414PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5610710.00   | 0.36%             | 2026-01-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                                                                     | Austin Independent School District, Series 2017, GO Bonds                                                                               | CUSIP: 052430PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1171147.37   | 0.07%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL School Board                                                                                   | Broward (County of), FL School Board, Series 2016 A, Ref. COP                                                                           | CUSIP: 115065ZC1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   4135000 | PA      | $4179446.70   | 0.26%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                            | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2018 A, RB                                          | CUSIP: 13032URF7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1703844.05   | 0.11%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                                                                   | Central Florida Expressway Authority, Series 2017, Ref. RB                                                                              | CUSIP: 153476DA1<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2075118.53   | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems)                                         | Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems), Series 2016, Ref. RB                                    | CUSIP: 160853SR9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503609.45   | 0.10%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Health & Education Facilities Authority (Main Line Health System)                              | Chester (County of), PA Health & Education Facilities Authority (Main Line Health System), Series 2017 A, Ref. RB                       | CUSIP: 16557HDX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2085023.23   | 0.13%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                                                           | Clark County School District, Series 2015 D, GO Bonds                                                                                   | CUSIP: 181059UB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1758150.75   | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus (City of), OH                                                                                                 | Columbus (City of), OH, Series 2015, Ref. RB                                                                                            | CUSIP: 199561GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1592623.94   | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                                                                     | Conroe Independent School District, Series 2016 A, Ref. GO Bonds                                                                        | CUSIP: 208418A45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7810000 | PA      | $7845885.39   | 0.50%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook (County of), IL                                                                                                   | Cook (County of), IL, Series 2016 A, Ref. GO Bonds                                                                                      | CUSIP: 213185KL4<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5035860.23   | 0.32%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook (County of), IL                                                                                                   | Cook (County of), IL, Series 2018, Ref. GO Bonds                                                                                        | CUSIP: 213185LH2<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1163980.55   | 0.07%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton (City of), TX                                                                                                   | Denton (City of), TX, Series 2017, RB                                                                                                   | CUSIP: 249015C48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1350402.50   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton (City of), TX                                                                                                   | Denton (City of), TX, Series 2017, RB                                                                                                   | CUSIP: 249015C97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3304755.94   | 0.21%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Children's Hospital Obligated Group)                                                             | District of Columbia (Children's Hospital Obligated Group), Series 2015, Ref. RB                                                        | CUSIP: 254764JW4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002463.40   | 0.06%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha School District                                                                                                  | Omaha School District, Series 2016, GO Bonds                                                                                            | CUSIP: 259291NH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5100350.00   | 0.32%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of), FL                                                                                              | Gainesville (City of), FL, Series 2017 A, RB                                                                                            | CUSIP: 362848UD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1318657.63   | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH                                                                                               | Hamilton (County of), OH, Series 2016 A, Ref. RB                                                                                        | CUSIP: 407287ME8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3430000 | PA      | $3513430.98   | 0.22%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX                                                                                                 | Harris (County of), TX, Series 2016 A, Ref. RB                                                                                          | CUSIP: 414005WP9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1706723.02   | 0.11%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System)                             | Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System), Series 2016, RB                             | CUSIP: 414009KN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1618693.06   | 0.10%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp. (Teco Project)                                               | Harris County Cultural Education Facilities Finance Corp. (Teco Project), Series 2017, Ref. RB                                          | CUSIP: 41401PCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3817981.02   | 0.24%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                      | Hawaii (State of), Series 2016 FG, GO Bonds                                                                                             | CUSIP: 419792LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2944267.84   | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Honolulu (City & County of), HI                                                                                        | Honolulu (City & County of), HI, Series 2016 A, RB                                                                                      | CUSIP: 438701J39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009937.20   | 0.06%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Municipal Power Agency                                                                              | Indiana (State of) Municipal Power Agency, Series 2016 C, Ref. RB                                                                       | CUSIP: 454898UP0<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008028.60   | 0.06%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority                                                                                   | Indiana (State of) Finance Authority, Series 2016, Ref. RB                                                                              | CUSIP: 45506DA39<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1300436.61   | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System                                                                                                    | JEA Electric System, Series 2017 B, Ref. RB                                                                                             | CUSIP: 46613SGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3542513.62   | 0.22%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane McHenry Cook & De Kalb Counties Unit School District No. 300                                                      | Kane McHenry Cook & De Kalb Counties Unit School District No. 300, Series 2015, Ref. GO Bonds                                           | CUSIP: 484080SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004023.30   | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kendall, Kane & Will (Counties of), IL Community Unit School District No. 308                                          | Kendall, Kane & Will (Counties of), IL Community Unit School District No. 308, Series 2016, Ref. GO Bonds                               | CUSIP: 488764XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011415.90   | 0.19%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 112)                                                    | Kentucky (Commonwealth of) Property & Building Commission (No. 112), Series 2016 A, RB                                                  | CUSIP: 49151FMN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1957420.34   | 0.12%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Larimer County School District No. R-1 Poudre                                                                          | Larimer County School District No. R-1 Poudre, Series 2018, GO Bonds                                                                    | CUSIP: 517138YE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2782357.87   | 0.18%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                                                        | Las Vegas Valley Water District, Series 2016 B, Ref. GO Bonds                                                                           | CUSIP: 517845BV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2830245.00   | 0.18%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewis (County of), WA Public Utility District No. 1                                                                    | Lewis (County of), WA Public Utility District No. 1, Series 2013, Ref. RB                                                               | CUSIP: 527839DS0<br>LEI: 549300GUJWR2C89RVS54 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5021138.50   | 0.32%             | 2032-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                                                                     | Long Beach Unified School District, Series 2012, Ref. GO Bonds                                                                          | CUSIP: 542433NT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100490.12    | 0.01%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                                                                     | Long Beach Unified School District, Series 2012, Ref. GO Bonds                                                                          | CUSIP: 542433NZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $778804.63    | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Medstar Health, Inc.)                            | Maryland (State of) Health & Higher Educational Facilities Authority (Medstar Health, Inc.), Series 2015, Ref. RB                       | CUSIP: 574218UZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6840000 | PA      | $6860823.01   | 0.43%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami (City of) & Dade (County of), FL School Board (The)                                                              | Miami (City of) & Dade (County of), FL School Board (The), Series 2015 D, Ref. COP                                                      | CUSIP: 59333MU60<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2225860.13   | 0.14%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (St. Louis University)                                   | Missouri (State of) Health & Educational Facilities Authority (St. Louis University), Series 2015 A, RB                                 | CUSIP: 60636AMM2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4502939.85   | 0.29%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (St. Luke's Health System, Inc.)                         | Missouri (State of) Health & Educational Facilities Authority (St. Luke's Health System, Inc.), Series 2016, Ref. RB                    | CUSIP: 60637AKU5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1226488.92   | 0.08%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mobile (City of), AL Industrial Development Board (Alabama Power Co. Barry Plant)                                      | Mobile (City of), AL Industrial Development Board (Alabama Power Co. Barry Plant), Series 2008, RB                                      | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502853.90   | 0.22%             | 2026-03-12      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (University of Rochester)                                                   | Monroe County Industrial Development Corp. (University of Rochester), Series 2015 A, Ref. RB                                            | CUSIP: 61075TMA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3286792.62   | 0.21%             | 2026-01-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group)                 | New Jersey (State of) Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group), Series 2016 A, Ref. RB          | CUSIP: 645790FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9110000 | PA      | $9226227.20   | 0.58%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group)          | New Jersey (State of) Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group), Series 2017, Ref. RB     | CUSIP: 645790JW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $842649.85    | 0.05%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                          | North Texas Tollway Authority, Series 2016 A, Ref. RB                                                                                   | CUSIP: 66285WSK3<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001935.60   | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                              | Omaha (City of), NE Public Power District, Series 2016 A, Ref. RB                                                                       | CUSIP: 682004FG6<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1813280.81   | 0.11%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                                                                     | Oregon Health & Science University, Series 2016 B, Ref. RB                                                                              | CUSIP: 685869EL9<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1289519.06   | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                                                                     | Oregon Health & Science University, Series 2016 B, Ref. RB                                                                              | CUSIP: 685869EN5<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1400517.99   | 0.09%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                                                                     | Oregon Health & Science University, Series 2016 B, Ref. RB                                                                              | CUSIP: 685869EQ8<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3300979.65   | 0.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                     | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2016 A, Ref. RB                                                              | CUSIP: 709224RE1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   9990000 | PA      | $10222085.68  | 0.65%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                             | Philadelphia (City of), PA, Series 2017 A, Ref. RB                                                                                      | CUSIP: 717817TN0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1768426.03   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                             | Philadelphia (City of), PA, Fourteenth Series 2016, Ref. RB                                                                             | CUSIP: 7178238J0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3328683.75   | 0.21%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA                                                                                             | Philadelphia (City of), PA, Fourteenth Series 2016, Ref. RB                                                                             | CUSIP: 7178238K7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1424775.52   | 0.09%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Power Generation Agency (Whelan Energy Center Unit 2)                                                           | Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2016, Ref. RB                                                      | CUSIP: 744434ED9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2980000 | PA      | $3015493.59   | 0.19%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development)              | Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB              | CUSIP: 74444YAN4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2385597.96   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development)              | Wisconsin (State of) Public Finance Authority (KU Campus Development Corp. -Central District Development), Series 2016, RB              | CUSIP: 74444YAT1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006556.20   | 0.13%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Regional Transportation District (Fastracks)                                                       | Colorado (State of) Regional Transportation District (Fastracks), Series 2016 A, RB                                                     | CUSIP: 759136TG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2758444.89   | 0.17%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District                                                                                | San Antonio Independent School District, Series 2016, Ref. GO Bonds                                                                     | CUSIP: 796269WS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1637748.89   | 0.10%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District                                                         | SCAGO Educational Facilities Corp. for Pickens School District, Series 2015, Ref. RB                                                    | CUSIP: 80585TCE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1801814.76   | 0.11%             | 2025-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp. for Pickens School District                                                         | SCAGO Educational Facilities Corp. for Pickens School District, Series 2015, Ref. RB                                                    | CUSIP: 80585TCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1191199.76   | 0.08%             | 2025-12-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health)                               | Tarrant County Cultural Education Facilities Finance Corp. (Baylor Scott & White Health), Series 2016, Ref. RB                          | CUSIP: 87638QPJ2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1029749.98   | 0.07%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                                                                        | Truckee Meadows Water Authority, Series 2016, Ref. RB                                                                                   | CUSIP: 897825GN9<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2809666.41   | 0.18%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                                                                        | Truckee Meadows Water Authority, Series 2016, Ref. RB                                                                                   | CUSIP: 897825GP4<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024402.80   | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                                                                  | University of Houston, Series 2017 A, Ref. RB                                                                                           | CUSIP: 914302CK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2283988.53   | 0.14%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                                                                  | University of Houston, Series 2017 A, Ref. RB                                                                                           | CUSIP: 914302CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5019443.00   | 0.32%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority (KU Health System)                                                             | University of Kansas Hospital Authority (KU Health System), Series 2015, Ref. RB                                                        | CUSIP: 914367DB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1931958.56   | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority (KU Health System)                                                             | University of Kansas Hospital Authority (KU Health System), Series 2015, Ref. RB                                                        | CUSIP: 914367DD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2767594.40   | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority (KU Health System)                                                             | University of Kansas Hospital Authority (KU Health System), Series 2015, Ref. RB                                                        | CUSIP: 914367DM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001579.40   | 0.13%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                         | Washington Metropolitan Area Transit Authority, Series 2017 B, RB                                                                       | CUSIP: 938782FL8<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1148976.76   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                         | Washington Metropolitan Area Transit Authority, Series 2017 B, RB                                                                       | CUSIP: 938782FQ7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1441662.74   | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                  | Washington (State of), Series 2016 C, GO Bonds                                                                                          | CUSIP: 93974DVF2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2770502.63   | 0.18%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                  | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2012 A, RB                                | CUSIP: 93978HFP5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2541884.68   | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                  | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2012 A, RB                                | CUSIP: 93978HFR1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165489.42    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne (County of), MI Airport Authority (Detroit Michigan Wayne County Airport)                                        | Wayne (County of), MI Airport Authority (Detroit Michigan Wayne County Airport), Series 2015 D, RB                                      | CUSIP: 944514SP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700428.06   | 0.11%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne (County of), MI                                                                                                  | Wayne (County of), MI, Series 2017, RB                                                                                                  | CUSIP: 944514XZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2551709.60   | 0.16%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health)                                     | Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2014 A, RB                                   | CUSIP: 97670FBD2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    980000 | PA      | $982849.94    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health)                                     | Wisconsin (State of) Health & Educational Facilities Authority (Unitypoint Health), Series 2014 A, RB                                   | CUSIP: 97670FBE0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1478250.90   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus City School District (Construction and Improvement)                                                           | Columbus City School District (Construction and Improvement), Series 2016 A, Ref. GO Bonds                                              | CUSIP: 1995073W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6260000 | PA      | $6320695.08   | 0.40%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (Ohio Valley Electrical Corp.)                                       | Ohio (State of) Air Quality Development Authority (Ohio Valley Electrical Corp.), Series 2009 A, RB                                     | CUSIP: 677525WC7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1438687.87   | 0.09%             | 2026-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (Ohio Valley Electrical Corp.)                                       | Ohio (State of) Air Quality Development Authority (Ohio Valley Electrical Corp.), Series 2009, RB                                       | CUSIP: 677525WD5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4605413.97   | 0.29%             | 2026-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.)                                                              | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Subseries 2017 A-3, Ref. RB                                                  | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987937.40   | 0.13%             | 2026-07-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                            | Connecticut State Health & Educational Facilities Authority, Series 2001, RB                                                            | CUSIP: 20774LRT4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.63%             | 2036-07-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                          | Main Street Natural Gas, Inc., Series 2019 C, RB                                                                                        | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7046470.90   | 0.45%             | 2026-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                           | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                    | CUSIP: 45204E5X2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    440000 | PA      | $304700.00    | 0.02%             | 2049-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                           | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                    | CUSIP: 45204E5Y0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $318550.00    | 0.02%             | 2026-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                    | Illinois (State of), Series 2019 A, GO Bonds                                                                                            | CUSIP: 4521525F4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2990638.50   | 0.19%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockford (City of), IL (Waterworks System Alternative Revenue Source)                                                  | Rockford (City of), IL (Waterworks System Alternative Revenue Source), Series 2010, GO Bonds                                            | CUSIP: 77316QTU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140036.97    | 0.01%             | 2025-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University)                   | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson University), Series 2015 B, VRD RB             | CUSIP: 70917SNX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10095000 | PA      | $10095000.00  | 0.64%             | 2025-12-05      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (No. 5)                                                                           | Black Belt Energy Gas District (The) (No. 5), Series 2020 A-1, RB                                                                       | CUSIP: 09182RBE0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5040450.50   | 0.32%             | 2026-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (Shaker Square)                                                                               | Cuyahoga (County of), OH (Shaker Square), Series 2010 D, Ref. RB                                                                        | CUSIP: 232263GF4<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145000.00    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collinsville (City of), IL Area Recreation District                                                                    | Collinsville (City of), IL Area Recreation District, Series 2004, GO Bonds                                                              | CUSIP: 195063CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450505.22    | 0.03%             | 2026-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Collinsville (City of), IL Area Recreation District                                                                    | Collinsville (City of), IL Area Recreation District                                                                                     | CUSIP: 195063CP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.02%             | 2025-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Dayton (City of), OH (James M. Cox)                                                                                    | Dayton (City of), OH (James M. Cox), Series 2014 A, Ref. RB                                                                             | CUSIP: 239835HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1336443.67   | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2008 WW, RB                                                              | CUSIP: 74526QVL3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500080.25    | 0.03%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Harris (County of), TX Regional Water Authority                                                                  | North Harris (County of), TX Regional Water Authority, Series 2013, Ref. RB                                                             | CUSIP: 65956NDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205278.55    | 0.01%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority                                              | Massachusetts (Commonwealth of) Health & Educational Facilities Authority, Series 2007 C, RB                                            | CUSIP: 57586CXY6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1835626.97   | 0.12%             | 2032-11-15      | Floating      | 3.69%                 | 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        |   7145000 | PA      | $7411931.48   | 0.47%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Building Authority (Facilities Program)                                                            | Michigan (State of) Building Authority (Facilities Program), Series 2020, Ref. VRD RB                                                   | CUSIP: 594615HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.20%             | 2025-12-05      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                             | Metropolitan Washington Airports Authority, Series 2010 D, VRD RB                                                                       | CUSIP: 592647JN2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.63%             | 2025-12-05      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp.                                                                          | New York State Environmental Facilities Corp., Series 2020, RB                                                                          | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007705.10   | 0.06%             | 2030-09-03      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Maryland Heights (City of), MO (Westport Plaza Redevelopment)                                                          | Maryland Heights (City of), MO (Westport Plaza Redevelopment), Series 2020, RB                                                          | CUSIP: 57407CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $818725.25    | 0.05%             | 2038-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North Dakota (State of) Housing Finance Agency                                                                         | North Dakota (State of) Housing Finance Agency, Series 2015, VRD RB                                                                     | CUSIP: 658909JV9<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   5935000 | PA      | $5935000.00   | 0.38%             | 2025-12-05      | Variable      | 2.79%                 | No            |                  2 | On Loan: No      |
| Detroit (City of), MI                                                                                                  | Detroit (City of), MI, Series 2006, Ref. RB                                                                                             | CUSIP: 251237W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7825000 | PA      | $7751182.08   | 0.49%             | 2032-07-01      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| Oregon (State of)                                                                                                      | Oregon (State of), Series 2020 J, Ref. VRD GO Bonds                                                                                     | CUSIP: 68609TXF0<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 0.04%             | 2039-06-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Northern California Tobacco Securitization Authority                                                                   | Northern California Tobacco Securitization Authority, Series 2021 B-1, Ref. RB                                                          | CUSIP: 888794BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $580629.03    | 0.04%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group)                         | Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group), Series 2013, RB                         | CUSIP: 97710B7T3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801834.72    | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health)                                  | Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health), Series 2013 B, RB                                | CUSIP: 574218PA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200556.96    | 0.01%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (University of Dayton)                                          | Ohio (State of) Higher Educational Facility Commission (University of Dayton), Series 2018, Ref. RB                                     | CUSIP: 67756DQV1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082564.00   | 0.13%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                              | Central Texas Regional Mobility Authority, Series 2021 C, RB                                                                            | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5711995.08   | 0.36%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District                                                                                           | Imperial Irrigation District, Series 2012 A, Ref. RB                                                                                    | CUSIP: 452650ES9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225264.44    | 0.01%             | 2025-12-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp.                                                                                 | Nassau County Tobacco Settlement Corp., Series 2006 A-2, RB                                                                             | CUSIP: 63166MBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2413642 | PA      | $2022288.95   | 0.13%             | 2026-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Harris & Montgomery (Counties of), TX Municipal Utility District No. 386                                               | Harris & Montgomery (Counties of), TX Municipal Utility District No. 386, Series 2014, GO Bonds                                         | CUSIP: 41456PEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $620312.42    | 0.04%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Prairie Independent School District                                                                              | Grand Prairie Independent School District, Series 2011, Ref. GO Bonds                                                                   | CUSIP: 3861548G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $675492.14    | 0.04%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp.                                                                                  | Northern Tobacco Securitization Corp., Series 2021 B-1, Ref. RB                                                                         | CUSIP: 66585VCA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $910355.33    | 0.06%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC)                          | Calhoun (County of), TX Navigation Industrial Development Authority (Max Midstream Texas LLC), Series 2021, RN                          | CUSIP: 129729AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2149099.70   | 0.14%             | 2026-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                                                           | Clark County School District, Series 2021 A, GO Bonds                                                                                   | CUSIP: 181059U95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024620.00   | 0.13%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                          | Main Street Natural Gas, Inc., Series 2021 C, RB                                                                                        | CUSIP: 56035DCV2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.07%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                     | California (State of) Housing Finance Agency (Social Certificates), Series 2021-2A, Revenue Ctfs.                                       | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3765892 | PA      | $3806413.32   | 0.24%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Piedmont Municipal Power Agency                                                                                        | Piedmont Municipal Power Agency, Series 2021 C, Ref. RB                                                                                 | CUSIP: 720175ZQ4<br>LEI: 549300C7VOBGIG4OD375 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4087151.60   | 0.26%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hawaii (State of)                                                                                                      | Hawaii (State of), Series 2014 EO, GO Bonds                                                                                             | CUSIP: 419792H66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1881496.29   | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                   | District of Columbia, Series 2012, RB                                                                                                   | CUSIP: 25483VKJ2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100164.46    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                          | Main Street Natural Gas, Inc., Series 2021 A, RB                                                                                        | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5120000 | PA      | $5179353.60   | 0.33%             | 2027-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Metropolitan Water Reclamation District                                                          | Chicago (City of), IL Metropolitan Water Reclamation District, Series 2021 C, Ref. GO Bonds                                             | CUSIP: 167560VU2<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1411939.31   | 0.09%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The) (No. 7)                                                                           | Black Belt Energy Gas District (The) (No. 7), Series 2021, RB                                                                           | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8820000 | PA      | $8872529.27   | 0.56%             | 2026-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center)                                         | New Hope Cultural Education Facilities Finance Corp. (Jubilee Academic Center), Series 2021, RB                                         | CUSIP: 64542QCA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1032505.03   | 0.07%             | 2027-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge)                                                       | Colorado (State of) Health Facilities Authority (Aberdeen Ridge), Series 2021 B, RB                                                     | CUSIP: 19648FTM6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    820000 | PA      | $812242.96    | 0.05%             | 2028-05-15      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC)                                            | Greater Cincinnati (Port of), OH Development Authority (IPS Cincinnati LLC), Series 2021, RB                                            | CUSIP: 73421LAA9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2484179.50   | 0.16%             | 2026-06-15      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                          | Main Street Natural Gas, Inc., Series 2022 C, RB                                                                                        | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  12200000 | PA      | $12206527.00  | 0.77%             | 2027-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                                                                           | University of Oklahoma (The), Series 2014 C, Ref. RB                                                                                    | CUSIP: 91476PKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501294.90    | 0.03%             | 2026-01-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of)                                                                                                   | Louisiana (State of), Series 2022 A, Ref. RB                                                                                            | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3069314.94   | 0.19%             | 2026-05-01      | Floating      | 3.31%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                                                                           | University of Oklahoma (The), Series 2014 C, Ref. RB                                                                                    | CUSIP: 91476PKR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250647.45    | 0.02%             | 2026-01-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund                                                                          | Nuveen AMT-Free Quality Municipal Income Fund                                                                                           | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.63%             | 2025-12-05      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Quality Municipal Income Fund                                                                          | Nuveen AMT-Free Quality Municipal Income Fund                                                                                           | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   8880000 | PA      | $8880000.00   | 0.56%             | 2025-12-05      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Unitypoint Health)                                                                  | Iowa (State of) Finance Authority (Unitypoint Health), Series 2014 C, RB                                                                | CUSIP: 462466EY5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    810000 | PA      | $811816.67    | 0.05%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (Beaumont Health Credit Group)                                                   | Michigan (State of) Finance Authority (Beaumont Health Credit Group), Series 2022, Ref. RB                                              | CUSIP: 59447T3R2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2209645.60   | 0.14%             | 2036-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sun Devil Energy Center LLC (Arizona State University)                                                                 | Sun Devil Energy Center LLC (Arizona State University), Series 2008, Ref. RB                                                            | CUSIP: 866690AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100146.52    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of), NY Housing Development Corp. (Green Bonds)                                                        | New York (State of), NY Housing Development Corp. (Green Bonds), Series 2022 C-3, VRD RB                                                | CUSIP: 64972ET25<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.32%             | 2025-12-05      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Expressway Authority                                                                        | Miami-Dade (County of), FL Expressway Authority, Series 2010 A, RB                                                                      | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10042785.00  | 0.64%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sun Devil Energy Center LLC (Arizona State University)                                                                 | Sun Devil Energy Center LLC (Arizona State University), Series 2008, Ref. RB                                                            | CUSIP: 866690AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155219.22    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand (County of), UT School District Local Building Authority                                                         | Grand (County of), UT School District Local Building Authority, Series 2019, RB                                                         | CUSIP: 385375AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2041928.00   | 0.13%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fulton (County of), GA                                                                                                 | Fulton (County of), GA, Series 2013, Ref. RB                                                                                            | CUSIP: 360066NL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1615031.41   | 0.10%             | 2026-03-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Travis County Public Utility Agency                                                                               | West Travis County Public Utility Agency, Series 2017, Ref. RB                                                                          | CUSIP: 95632CDK2<br>LEI: 549300O1CP7CFGPMMX97 | Long             | DBT              | MUN               | US        |     45000 | PA      | $46792.18     | 0.00%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                                                            | District of Columbia Housing Finance Agency                                                                                             | CUSIP: 25477PPQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.32%             | 2026-06-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                 | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2022 I, RB                                               | CUSIP: 64613AGE6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2346669.25   | 0.15%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Florida Atlantic University                                                                      | Board of Governors of Florida Atlantic University, Series 2016 A, Ref. RB                                                               | CUSIP: 341568BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011048.20   | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Regional Transportation District (Fastracks)                                                       | Colorado (State of) Regional Transportation District (Fastracks), Series 2017 A, RB                                                     | CUSIP: 759136UA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019005.90   | 0.06%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Duke Energy Progress)                                                   | Wisconsin (State of) Public Finance Authority (Duke Energy Progress), Series 2022, Ref. RB                                              | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1747423.11   | 0.11%             | 2026-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                     | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB                                                  | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5192299 | PA      | $5142933.04   | 0.33%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rib Floater Trust                                                                                                      | Rib Floater Trust, Series 2022-047, VRD RB                                                                                              | CUSIP: 76252PXW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.63%             | 2045-12-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                         | Tender Option Bond Trust Receipts/Certificates, Series 2022, VRD RB                                                                     | CUSIP: 88035ESJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.32%             | 2028-02-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                                                    | City of New York NY, Series 2012, GO Bonds                                                                                              | CUSIP: 64966QWL0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.63%             | 2042-04-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems)                                         | Charlotte-Mecklenburg Hospital Authority (The) (Carolinas Health Care Systems), Series 2013 A, Ref. RB                                  | CUSIP: 160853RP4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230379.41    | 0.01%             | 2026-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority                                                   | Maryland (State of) Health & Higher Educational Facilities Authority, Series 2017, Ref. RB                                              | CUSIP: 5742182Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064287.30   | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp. (Social Bonds)                                                                           | Florida Housing Finance Corp. (Social Bonds), Series 2022-3, RB                                                                         | CUSIP: 34074MD99<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3869368.99   | 0.25%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency (Social Bonds)                                                                    | Tennessee Housing Development Agency (Social Bonds), Series 2022, RB                                                                    | CUSIP: 88046KCG9<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2907104.15   | 0.18%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.)                                                  | Chandler (City of), AZ Industrial Development Authority (Intel Corp.), Series 2022-1, RB                                                | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10164743.00  | 0.64%             | 2027-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group)                      | New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2016, Ref. RB                 | CUSIP: 645790BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5158364.91   | 0.33%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (CWA Authority)                                                                   | Indiana (State of) Finance Authority (CWA Authority), Series 2014 A, RB                                                                 | CUSIP: 45505MCX2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753357.20   | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gretna Public Schools                                                                                                  | Gretna Public Schools, Series 2022 B, GO Bonds                                                                                          | CUSIP: 803770XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001386.20   | 0.06%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                  | Washington (State of), Series 2016 B, GO Bonds                                                                                          | CUSIP: 93974DZR2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1222651.68   | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Higher Education Facilities Authority (University of St. Thomas)                                  | Minnesota (State of) Higher Education Facilities Authority (University of St. Thomas), Series 2017 A, Ref. RB                           | CUSIP: 60416H7Y4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1450362.62   | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Health and Education Facilities Authority                                                     | New Hampshire (State of) Health and Education Facilities Authority, Series 2016, Ref. RB                                                | CUSIP: 64461XAE5<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4043935.60   | 0.26%             | 2031-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Garland (City of), TX                                                                                                  | Garland (City of), TX, Series 2016 B, RB                                                                                                | CUSIP: 366133LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004495.90   | 0.06%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Unitypoint Health)                                                                  | Iowa (State of) Finance Authority (Unitypoint Health), Series 2014 C, RB                                                                | CUSIP: 462466EZ2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3412849.21   | 0.22%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                  | Seattle (Port of), WA, Series 2017, GO Bonds                                                                                            | CUSIP: 735371QA7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4089705.60   | 0.26%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Rochester High Yield Municipal ETF                                                                             | Invesco Rochester High Yield Municipal ETF                                                                                              | CUSIP: 46090A747<br>LEI: 5493006RURMGCZH0OI34 | Long             | EC               | RF                | US        |     17000 | NS      | $864358.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois (State of) Finance Authority (Uchicago Medicine)                                                              | Illinois (State of) Finance Authority (Uchicago Medicine), Series 2022 B-2, RB                                                          | CUSIP: 45204FTD7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   9850000 | PA      | $10128337.36  | 0.64%             | 2027-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of), NY Housing Development Corp. (Green Bonds)                                                        | New York (State of), NY Housing Development Corp. (Green Bonds), Series 2022 B-2, RB                                                    | CUSIP: 64972E3F4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  12495000 | PA      | $12496048.33  | 0.79%             | 2026-12-22      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group)                         | Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group), Series 2013, RB                         | CUSIP: 97710B7S5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100238.26    | 0.01%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas College                                                                                                         | Dallas College, Series 2022, GO Bonds                                                                                                   | CUSIP: 234685MM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3264165.78   | 0.21%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare)                                 | Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare), Series 2014 E, RB                               | CUSIP: 20774YQE0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003347.60   | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                | Broward (County of), FL, Series 2013 B, RB                                                                                              | CUSIP: 114894UB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260447.17    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Housing & Community Development Authority (Social Bonds)                                            | Indiana (State of) Housing & Community Development Authority (Social Bonds), Series 2023 A-1, RB                                        | CUSIP: 45505TB83<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2687817.56   | 0.17%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp. (Gas)                                                                               | Tennessee Energy Acquisition Corp. (Gas), Series 2023 A-1, Ref. RB                                                                      | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   7415000 | PA      | $7672795.82   | 0.49%             | 2028-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                             | Miami-Dade (County of), FL, Series 2014, RB                                                                                             | CUSIP: 59335LAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1161577.72   | 0.07%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Higher Education Loan Authority (Grinnell College)                                                     | Iowa (State of) Higher Education Loan Authority (Grinnell College), Series 2014, Ref. RB                                                | CUSIP: 4624602L9<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1681405.03   | 0.11%             | 2032-12-01      | Fixed         | 5.00%                 | 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 A, Ref. RB              | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3079203.00   | 0.20%             | 2028-04-03      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Mueller Local Government Corp.                                                                                         | Mueller Local Government Corp., Series 2009, RB                                                                                         | CUSIP: 624757BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30027.10     | 0.00%             | 2029-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Board of Trustees of the University of Illinois (The)                                                                  | Board of Trustees of the University of Illinois (The), Series 2023 A, Ref. RB                                                           | CUSIP: 9143536V4<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3394289.80   | 0.21%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                     | Tennessee Energy Acquisition Corp., Series 2006 C, RB                                                                                   | CUSIP: 880443EE2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1857972.55   | 0.12%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Consolidated School District No. 4                                                                      | Jackson County Consolidated School District No. 4, Series 2022, GO Bonds                                                                | CUSIP: 467484RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1864613.82   | 0.12%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Consolidated School District No. 4                                                                      | Jackson County Consolidated School District No. 4, Series 2022, GO Bonds                                                                | CUSIP: 467484SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $3065488.25   | 0.19%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peninsula Corridor Joint Powers Board                                                                                  | Peninsula Corridor Joint Powers Board, Series 2019 A, Ref. RB                                                                           | CUSIP: 707120CQ2<br>LEI: 549300EWZ3063STMF882 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1296721.90   | 0.08%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                  | California (State of), Series 2013, Ref. GO Bonds                                                                                       | CUSIP: 13063D4X3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5009.75      | 0.00%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group)           | West Virginia (State of) Hospital Finance Authority (West Virginia University Health System Obligated Group), Series 2017, RB           | CUSIP: 956622N34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1127005.11   | 0.07%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency (Social Certificates)                                                     | California (State of) Housing Finance Agency (Social Certificates), Series 2023-1, RB                                                   | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2441684 | PA      | $2525922.76   | 0.16%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Farmington (City of), NM (Public Service Co. of New Mexico San Juan)                                                   | Farmington (City of), NM (Public Service Co. of New Mexico San Juan), Series 2010, Ref. RB                                              | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3742152.62   | 0.24%             | 2028-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Consolidated Rental Car)                                                     | New Orleans (City of), LA Aviation Board (Consolidated Rental Car), Series 2018, Ref. RB                                                | CUSIP: 64763XAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1490314.18   | 0.09%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans (City of), LA Aviation Board (Consolidated Rental Car)                                                     | New Orleans (City of), LA Aviation Board (Consolidated Rental Car), Series 2018, Ref. RB                                                | CUSIP: 64763XAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1296592.25   | 0.08%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Honolulu (City & County of), HI                                                                                        | Honolulu (City & County of), HI, Series 2023, RB                                                                                        | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2143044.86   | 0.14%             | 2026-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Capitol Improvement Authority (Capitol Repair)                                                     | Oklahoma (State of) Capitol Improvement Authority (Capitol Repair), Series 2018 C, RB                                                   | CUSIP: 679088GN8<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2383424.39   | 0.15%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grant (County of), WA Public Utility District No. 2                                                                    | Grant (County of), WA Public Utility District No. 2, Series 2023 U, Ref. RB                                                             | CUSIP: 387874YX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5731157.24   | 0.36%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westerville City School District                                                                                       | Westerville City School District, Series 2018, COP                                                                                      | CUSIP: 960030AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2491573.81   | 0.16%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cassville School District No. R-IV                                                                                     | Cassville School District No. R-IV, Series 2023, GO Bonds                                                                               | CUSIP: 148349EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2305763.93   | 0.15%             | 2039-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pecos Barstow Toyah Independent School District                                                                        | Pecos Barstow Toyah Independent School District, Series 2023, GO Bonds                                                                  | CUSIP: 705227HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1352614.14   | 0.09%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Valley Center (City of), KS                                                                                            | Valley Center (City of), KS, Series 2023-1, GO Notes                                                                                    | CUSIP: 919443XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4820000 | PA      | $4820000.00   | 0.31%             | 2025-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pecos Barstow Toyah Independent School District                                                                        | Pecos Barstow Toyah Independent School District, Series 2023, GO Bonds                                                                  | CUSIP: 705227HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1887478.78   | 0.12%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                 | New York (City of), NY, Series 2012, VRD GO Bonds                                                                                       | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  12885000 | PA      | $12885000.00  | 0.82%             | 2025-12-05      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                        | Calplant I, LLC                                                                                                                         | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $14716.19     | 0.00%             | 2027-02-28      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Plano (City of), TX                                                                                                    | Plano (City of), TX, Series 2023, Ref. GO Bonds                                                                                         | CUSIP: 727177D61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3765938.27   | 0.24%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas (City of), TX                                                                                                   | Dallas (City of), TX, Series 2017, RB                                                                                                   | CUSIP: 23542JFM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1819656.34   | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elk Grove Village (Village of), IL                                                                                     | Elk Grove Village (Village of), IL, Series 2017, GO Bonds                                                                               | CUSIP: 287299LR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020076.60   | 0.06%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boerne Independent School District                                                                                     | Boerne Independent School District, Series 2022, GO Bonds                                                                               | CUSIP: 097067NM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2456730.83   | 0.16%             | 2027-12-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2945000 | PA      | $3151228.93   | 0.20%             | 2030-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                     | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2023 B, VRD Ref. RB                                                          | CUSIP: 709225JD9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6320000.00   | 0.40%             | 2025-12-05      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare)                                 | Connecticut (State of) Health & Educational Facilities Authority (Hartford Healthcare), Series 2014 E, RB                               | CUSIP: 20774YQF7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1268894.30   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Finance Agency (Green Bonds)                                                               | New York (State of) Housing Finance Agency (Green Bonds), Series 2023 E-2, RB                                                           | CUSIP: 64987JP47<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4380000 | PA      | $4382532.52   | 0.28%             | 2028-05-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Finance Agency (Green Bonds)                                                               | New York (State of) Housing Finance Agency (Green Bonds), Series 2023 E-2, RB                                                           | CUSIP: 64987JP54<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001124.40   | 0.25%             | 2027-05-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Social Bonds)                                                     | Arizona (State of) Industrial Development Authority (Social Bonds), Series 2023, RB                                                     | CUSIP: 04052FDU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565651.10   | 0.10%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Housing & Economic Development Authority                                                          | Wisconsin (State of) Housing & Economic Development Authority, Series 2023 E, RB                                                        | CUSIP: 9769044P4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   3890000 | PA      | $3891493.76   | 0.25%             | 2027-05-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Madison-Macoupin Etc Counties Community College District No. 536                                                       | Madison-Macoupin Etc Counties Community College District No. 536, Series 2015 A, Ref. GO Bonds                                          | CUSIP: 557738MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1340277.52   | 0.08%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Williamson (County of), TX Industrial Development Board                                                                | Williamson (County of), TX Industrial Development Board, Series 2023, RB                                                                | CUSIP: 969878AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4197286.50   | 0.27%             | 2027-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                | Osceola (County of), FL, Series 2016 A, Ref. RB                                                                                         | CUSIP: 687909FE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001398.50   | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay)                                        | Virginia Beach Development Authority (Westminster-Canterbury on Chesapeake Bay), Series 2023 B-3, RB                                    | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1872810.13   | 0.12%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Housing Finance Authority (Running Brooks Apartments)                                       | Miami-Dade (County of), FL Housing Finance Authority (Running Brooks Apartments), Series 2023, RB                                       | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1525425.32   | 0.10%             | 2026-01-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Columbus (City of) & Franklin (County of), OH Finance Authority (Easton)                                               | Columbus (City of) & Franklin (County of), OH Finance Authority (Easton), Series 2023, RB                                               | CUSIP: 19910XAA4<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3045352.20   | 0.19%             | 2027-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Housing Development Authority (6900 Crandon)                                                       | Illinois (State of) Housing Development Authority (6900 Crandon), Series 2023, RB                                                       | CUSIP: 45203LEL3<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   4570000 | PA      | $4584219.56   | 0.29%             | 2026-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (Andrews Terrace Community)                                                 | Monroe County Industrial Development Corp. (Andrews Terrace Community), Series 2024, RB                                                 | CUSIP: 61075NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5152806.50   | 0.33%             | 2027-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                             | Illinois (State of) Toll Highway Authority, Series 2024 A, Ref. RB                                                                      | CUSIP: 452252QQ5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1467047.00   | 0.09%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Housing Finance Authority (Aria Landings)                                                          | Lee (County of), FL Housing Finance Authority (Aria Landings), Series 2023 B, RB                                                        | CUSIP: 52349HBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4149328.95   | 0.26%             | 2026-07-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Johns (County of), FL Housing Finance Authority (Oaks at St. John)                                                 | St. Johns (County of), FL Housing Finance Authority (Oaks at St. John), Series 2023 B, RB                                               | CUSIP: 79039AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5995320.60   | 0.38%             | 2026-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                         | Metropolitan Nashville Airport Authority (The), Series 2015 B, RB                                                                       | CUSIP: 592190MN9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1556290.21   | 0.10%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority                                                            | California (State of) Health Facilities Financing Authority, Series 2024 A, RB                                                          | CUSIP: 13032UJ82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1851559.92   | 0.12%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| St. Charles (County of), MO Public Water Supply District No. 2                                                         | St. Charles (County of), MO Public Water Supply District No. 2, Series 2016, Ref. COP                                                   | CUSIP: 78764YDG9<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2257867.46   | 0.14%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weld County School District No. Re-1                                                                                   | Weld County School District No. Re-1, Series 2017, GO Bonds                                                                             | CUSIP: 949238DA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528868.70   | 0.10%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden (County of), NJ Improvement Authority (The) (County Capital Program)                                            | Camden (County of), NJ Improvement Authority (The) (County Capital Program), Series 2024, RB                                            | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4019204.40   | 0.25%             | 2026-03-01      | Variable      | 5.00%                 | 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: 837151Y29<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5054211.50   | 0.32%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland (City of), ME                                                                                                 | Portland (City of), ME, Series 2016, Ref. RB                                                                                            | CUSIP: 736564DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001024.90   | 0.06%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe (County of), NV (Sierra Pacific Power Corp.)                                                                    | Washoe (County of), NV (Sierra Pacific Power Corp.), Series 2016, Ref. RB                                                               | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5113626.00   | 0.32%             | 2029-10-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Washoe (County of), NV (Sierra Pacific Power Corp.)                                                                    | Washoe (County of), NV (Sierra Pacific Power Corp.), Series 2016, Ref. RB                                                               | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518156.75   | 0.10%             | 2029-10-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| DeSoto Independent School District                                                                                     | DeSoto Independent School District, Series 2015 B, Ref. GO Bonds                                                                        | CUSIP: 241722BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003293.60   | 0.13%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), GA Development Authority (The Globe Academy, Inc.)                                                 | DeKalb (County of), GA Development Authority (The Globe Academy, Inc.), Series 2024 A, RB                                               | CUSIP: 240463JZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $689254.59    | 0.04%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Unity at West Glendale)                                           | Arizona (State of) Industrial Development Authority (Unity at West Glendale), Series 2024, RB                                           | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1109036.06   | 0.07%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Forensic Science and Protective Medicine Facility)     | Wisconsin (State of) Health & Educational Facilities Authority (Forensic Science and Protective Medicine Facility), Series 2024, RB     | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   7770000 | PA      | $7844337.14   | 0.50%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Housing Development Authority (Social Bonds)                                                       | Michigan (State of) Housing Development Authority (Social Bonds), Series 2024 A, RB                                                     | CUSIP: 594654WT8<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3907791.45   | 0.25%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DeKalb (County of), GA Housing Authority (Park at 500)                                                                 | DeKalb (County of), GA Housing Authority (Park at 500), Series 2024, RB                                                                 | CUSIP: 240471PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3270774.00   | 0.21%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elk River Independent School District No. 728                                                                          | Elk River Independent School District No. 728, Series 2024, GO Bonds                                                                    | CUSIP: 287425R46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2241259.80   | 0.14%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV Water Reclamation District                                                                       | Clark (County of), NV Water Reclamation District, Series 2015, Ref. GO Bonds                                                            | CUSIP: 181070DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007647.80   | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena (City of), CA                                                                                                 | Pasadena (City of), CA, Series 2015 A, Ref. COP                                                                                         | CUSIP: 702204NQ7<br>LEI: 5493007ZF3ZMBUWLWB58 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001433.00   | 0.06%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association                                                                         | Idaho (State of) Housing & Finance Association, Series 2024 A, RB                                                                       | CUSIP: 45129Y5K8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1793756.65   | 0.11%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District (The)                                                                                   | Black Belt Energy Gas District (The), Series 2024 A, RB                                                                                 | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1739111.29   | 0.11%             | 2032-09-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Suburban Sanitary Commission                                                                     | Washington (State of) Suburban Sanitary Commission, Series 2015 B, VRD RB                                                               | CUSIP: 940158HR2<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4085000.00   | 0.26%             | 2027-06-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                                         | Tender Option Bond Trust Receipts/Certificates, Series 2023, VRD RB                                                                     | CUSIP: 88035FS84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11530000 | PA      | $11530000.00  | 0.73%             | 2031-05-01      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Housing Development Authority (Green Bonds)                                                        | Illinois (State of) Housing Development Authority (Green Bonds), Series 2024 E, Ref. VRD RB                                             | CUSIP: 45202BSH0<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3475000.00   | 0.22%             | 2025-12-05      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| Martins Ferry (City of), OH                                                                                            | Martins Ferry (City of), OH, Series 2024, GO Notes                                                                                      | CUSIP: 573462EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200481.32   | 0.08%             | 2025-12-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Colorado Springs (City of), CO                                                                                         | Colorado Springs (City of), CO, Series 2006 B, RB                                                                                       | CUSIP: 196632BH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $6940000.00   | 0.44%             | 2025-12-05      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Finance Agency (Green Bonds)                                                               | New York (State of) Housing Finance Agency (Green Bonds), Series 2024, RB                                                               | CUSIP: 64987JU33<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7211183.76   | 0.46%             | 2029-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                              | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-1A, RB                                           | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3882738 | PA      | $3880643.58   | 0.25%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Friendswood Independent School District                                                                                | Friendswood Independent School District, Series 2024, GO Notes                                                                          | CUSIP: 358586PT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507457.55   | 0.10%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                                                                   | Northern California Energy Authority, Series 2024, Ref. RB                                                                              | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3873816.00   | 0.25%             | 2030-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinal County Electric District No. 3                                                                                   | Pinal County Electric District No. 3, Series 2016, Ref. RB                                                                              | CUSIP: 722021CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1108577.47   | 0.07%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Turnpike Authority (Revitalization)                                                         | Kentucky (Commonwealth of) Turnpike Authority (Revitalization), Series 2016, RB                                                         | CUSIP: 491552L78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1732141.60   | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utica Community Schools                                                                                                | Utica Community Schools, Series 2016, Ref. GO Bonds                                                                                     | CUSIP: 917661Q37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2004855.75   | 0.13%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                     | Greater Orlando Aviation Authority, Series 2016 B, RB                                                                                   | CUSIP: 392275CW1<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    210000 | PA      | $214074.59    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                        | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                   | CUSIP: 340618DL8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $830000.00    | 0.05%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                  | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, Ref. RB                                             | CUSIP: 340618DN4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2490000.00   | 0.16%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ames (City of), IA (Mary Greely Medical Center)                                                                        | Ames (City of), IA (Mary Greely Medical Center), Series 2016, Ref. RB                                                                   | CUSIP: 030850FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4471831.16   | 0.28%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds)                                                   | Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds), Series 2024-145A, RB                                              | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1570526.18   | 0.10%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                                                          | Florida Housing Finance Corp., Series 2024 3, RB                                                                                        | CUSIP: 34074M4Y4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1754740.77   | 0.11%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL School Board (Master Lease Program)                                                       | Hillsborough (County of), FL School Board (Master Lease Program), Series 2015 A, Ref. COP                                               | CUSIP: 43232VSY8<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2339355.65   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand (County of), UT School District Local Building Authority                                                         | Grand (County of), UT School District Local Building Authority, Series 2019, RB                                                         | CUSIP: 385375AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1371294.79   | 0.09%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group)                                     | Lee (County of), FL Industrial Development Authority (Shell Point Obligated Group), Series 2024 B-3, RB                                 | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1160350.42   | 0.07%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority (McLaren Health Care)                                                            | Michigan (State of) Finance Authority (McLaren Health Care), Series 2015, Ref. RB                                                       | CUSIP: 59447TAU7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1341500.80   | 0.08%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority                                                                    | Arizona (State of) Industrial Development Authority, Series 2024, RB                                                                    | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013333.10   | 0.06%             | 2026-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| USF Financing Corp.                                                                                                    | USF Financing Corp., Series 2012 A, Ref. COP                                                                                            | CUSIP: 90341UDN9<br>LEI: 549300P9Y92T23EMUI42 | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4557382.83   | 0.29%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte (County of) & Kansas City (City of), KS Unified Government                                                   | Wyandotte (County of) & Kansas City (City of), KS Unified Government, Series 2016 C, RB                                                 | CUSIP: 982674MA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015413.30   | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Smith (City of), AR                                                                                               | Fort Smith (City of), AR, Series 2015, Ref. RB                                                                                          | CUSIP: 348815MG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1131418.94   | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Certificates)                                              | New Hampshire (State of) Business Finance Authority (Social Certificates), Series 2024-3, Revenue Ctfs.                                 | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4959883 | PA      | $4907674.88   | 0.31%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Garland (City of), TX                                                                                                  | Garland (City of), TX, Series 2016 B, RB                                                                                                | CUSIP: 366133KX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005263.40   | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boise State University                                                                                                 | Boise State University, Series 2016 A, Ref. RB                                                                                          | CUSIP: 097464ZE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011821.40   | 0.13%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lovejoy Independent School District                                                                                    | Lovejoy Independent School District, Series 2016, Ref. GO Bonds                                                                         | CUSIP: 547160TJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2674919.66   | 0.17%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough (County of), FL Industrial Development Authority (Baycare Health System)                                  | Hillsborough (County of), FL Industrial Development Authority (Baycare Health System), Series 2024 C, Ref. RB                           | CUSIP: 43233KAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6952534.20   | 0.44%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp. (Green Bonds)                                                            | Rhode Island Housing & Mortgage Finance Corp. (Green Bonds), Series 2024 1-A, RB                                                        | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3004730.40   | 0.19%             | 2027-10-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                   | Chicago (City of), IL (O'Hare International Airport), Series 2024 B, RB                                                                 | CUSIP: 1675934U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140552.90   | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Department of Transportation                                                                       | Colorado (State of) Department of Transportation, Series 2016, COP                                                                      | CUSIP: 19645TAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1343088.00   | 0.09%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                  | California (State of), Series 2014, Ref. GO Bonds                                                                                       | CUSIP: 13063EEU6<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145213.57    | 0.01%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Housing Finance Authority (Green Bonds)                                                         | Connecticut (State of) Housing Finance Authority (Green Bonds), Series 2024, RB                                                         | CUSIP: 20775HZ97<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500352.95   | 0.10%             | 2027-05-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center)                                     | Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center), Series 2024, Ref. RB                                | CUSIP: 988514CR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569190.75    | 0.04%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wichita (City of), KS (Presbyterian Manors, Inc.)                                                                      | Wichita (City of), KS (Presbyterian Manors, Inc.), Series 2024 VIII, Ref. RB                                                            | CUSIP: 967249RL9<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002641.20   | 0.06%             | 2039-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority                                                 | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority, Series 2016 AT-1, RB                                            | CUSIP: 70917TNS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $1986022.36   | 0.13%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Power Generation Agency (Whelan Energy Center Unit 2)                                                           | Public Power Generation Agency (Whelan Energy Center Unit 2), Series 2024, Ref. RB                                                      | CUSIP: 744434EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001893.10   | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX Water System                                                                                 | San Antonio (City of), TX Water System, Series 2024 A, VRD GO Bonds                                                                     | CUSIP: 79642GQR6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 0.51%             | 2054-05-01      | Variable      | 2.90%                 | 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        |   5000000 | PA      | $5000477.00   | 0.32%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Washington State University                                                                                            | Washington State University, Series 2025, Ref. RB                                                                                       | CUSIP: 940094FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2911220.35   | 0.18%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Higher Educational Facilities Authority                                                 | Pennsylvania (Commonwealth of) Higher Educational Facilities Authority, Series 2016 AT-1, RB                                            | CUSIP: 70917TNE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $391606.04    | 0.02%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                   | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                      | CUSIP: 440365JH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $552673.73    | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                   | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                      | CUSIP: 440365JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $591574.17    | 0.04%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                   | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                      | CUSIP: 440365JK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $629037.43    | 0.04%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Horace (City of), ND                                                                                                   | Horace (City of), ND, Series 2024 C, Ref. GO Bonds                                                                                      | CUSIP: 440365JL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $665609.92    | 0.04%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Regional Transportation District (Fastracks)                                                       | Colorado (State of) Regional Transportation District (Fastracks), Series 2017 A, RB                                                     | CUSIP: 759136UD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $2987045.29   | 0.19%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School)                          | Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School), Series 2024, Ref. RB                     | CUSIP: 165588FQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $363242.88    | 0.02%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School)                          | Chester (County of), PA Industrial Development Authority (Renaissance Academy Charter School), Series 2024, Ref. RB                     | CUSIP: 165588FR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $748033.20    | 0.05%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                        | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                        | CUSIP: 65000B7F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $795282.00    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                        | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                        | CUSIP: 65000B7G7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $805986.08    | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                        | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                        | CUSIP: 65000B7H5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085727.20   | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)                                        | New York (State of) Dormitory Authority (White Plains Hospital Obligated Group), Series 2024, RB                                        | CUSIP: 65000B7K8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1208385.20   | 0.08%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy)                                           | Wisconsin (State of) Public Finance Authority (Cincinnati Classical Academy), Series 2024, RB                                           | CUSIP: 74443DLA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1070213.89   | 0.07%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District)             | Florida (State of) Municipal Loan Council (Shingle Creek Transit & Utility Community Development District), Series 2024, RB             | CUSIP: 34281UAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $233742.01    | 0.01%             | 2031-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                              | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 A, Ref. RB                                                       | CUSIP: 64613CEN4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143672.00   | 0.07%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockford Public Schools                                                                                                | Rockford Public Schools, Series 2016, Ref. GO Bonds                                                                                     | CUSIP: 773318UT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1027559.94   | 0.07%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockford Public Schools                                                                                                | Rockford Public Schools, Series 2016, Ref. GO Bonds                                                                                     | CUSIP: 773318US7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1028151.47   | 0.07%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256412.60    | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAB3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    275000 | PA      | $285116.73    | 0.02%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAC1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261685.45    | 0.02%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264337.43    | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare) | South Carolina (State of) Jobs-Economic Development Authority (Beaufort Memorial Hospital & South of Broad Healthcare), Series 2024, RB | CUSIP: 83704HAE7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    280000 | PA      | $298023.43    | 0.02%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                   | Chicago (City of), IL (O'Hare International Airport), Series 2024, RB                                                                   | CUSIP: 1675936H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5227403.27   | 0.33%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Northwell Health Obligated Group)                                             | New York (State of) Dormitory Authority (Northwell Health Obligated Group), Series 2025, Ref. RB                                        | CUSIP: 65000B6W3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3418039.80   | 0.22%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (St. Anthony's Medical Center)                           | Missouri (State of) Health & Educational Facilities Authority (St. Anthony's Medical Center), Series 2015 B, Ref. RB                    | CUSIP: 60637AJW3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   6245000 | PA      | $6246064.15   | 0.40%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Carle Foundation (The))                                                         | Illinois (State of) Finance Authority (Carle Foundation (The)), Series 2016 A, Ref. RB                                                  | CUSIP: 45204EPM4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4322596.07   | 0.27%             | 2026-02-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2024 B, RB                                                              | CUSIP: 6461084N7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3669094.14   | 0.23%             | 2029-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Central Brown (County of), WI Water Authority                                                                          | Central Brown (County of), WI Water Authority, Series 2024 A, Ref. RB                                                                   | CUSIP: 152708CS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1482490.77   | 0.09%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield)        | St. Vrain Valley School District Re-1J (Boulder, Larimer & Weld Counties and the City and County of Broomfield), Series 2024, GO Bonds  | CUSIP: 101565K73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000941.80   | 0.06%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.)                                                              | St. John the Baptist (Parish of), LA (Marathon Oil Corp.), Series 2017, Ref. RB                                                         | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5212721.80   | 0.33%             | 2028-07-03      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Nebraska (State of) Municipal Energy Agency                                                                            | Nebraska (State of) Municipal Energy Agency, Series 2022 A, Ref. RB                                                                     | CUSIP: 625914KL9<br>LEI: N31S7V1JSNSIMBEEGT03 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259017.75   | 0.08%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weld County School District No. RE-7 Platte Valley                                                                     | Weld County School District No. RE-7 Platte Valley                                                                                      | CUSIP: 949306GH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1735000.00   | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Transit Authority                                                                                | Chicago (City of), IL Transit Authority, Series 2024 A, Ref. RB                                                                         | CUSIP: 16772PDT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.13%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Blanco County School District No. Re-1 Meeker                                                                      | Rio Blanco County School District No. Re-1 Meeker, Series 2014, Ref. GO Bonds                                                           | CUSIP: 767000CW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1685000.00   | 0.11%             | 2025-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                                     | Board of Regents of the University of Texas System, Series 2025 A, RB                                                                   | CUSIP: 91514AMS1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508555.60    | 0.03%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) (Casa Grande)                                                                                        | Nevada (State of) (Casa Grande), Series 2024, COP                                                                                       | CUSIP: 641486EG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1038087.46   | 0.07%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark (County of), NV                                                                                                  | Clark (County of), NV, Series 2015 A, Ref. GO Bonds                                                                                     | CUSIP: 180848NZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2129054.93   | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No. 69 Paradise Valley                                                         | Maricopa County Unified School District No. 69 Paradise Valley, Series 2025 A, GO Bonds                                                 | CUSIP: 567373R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013786.90   | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highland Park Independent School District                                                                              | Highland Park Independent School District, Series 2018, GO Bonds                                                                        | CUSIP: 430686QN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1151326.01   | 0.07%             | 2026-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Carolina University                                                                                               | East Carolina University, Series 2016 A, RB                                                                                             | CUSIP: 271371XE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1036432.76   | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami (City of) & Dade (County of), FL School Board (The)                                                              | Miami (City of) & Dade (County of), FL School Board (The), Series 2025, Ref. COP                                                        | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3028561.20   | 0.19%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Discovery Clean Water Alliance                                                                                         | Discovery Clean Water Alliance                                                                                                          | CUSIP: 25472TAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210000.00   | 0.08%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas (City of), TX Independent School District                                                                       | Dallas (City of), TX Independent School District, Series 2025 A-1, GO Bonds                                                             | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3576081.23   | 0.23%             | 2026-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Municipal Power Agency                                                                              | Indiana (State of) Municipal Power Agency, Series 2025 A, Ref. RB                                                                       | CUSIP: 454898YC5<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001986.70   | 0.06%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska (State of) International Airports System                                                                        | Alaska (State of) International Airports System, Series 2025 A, Ref. RB                                                                 | CUSIP: 011842UU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $519683.06    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Forest Preserve District                                                                                 | DuPage County Forest Preserve District, Series 2025, GO Bonds                                                                           | CUSIP: 262651VG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020995.60   | 0.06%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lubbock (City of), TX                                                                                                  | Lubbock (City of), TX, Series 2025, RB                                                                                                  | CUSIP: 549233HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1340225.26   | 0.08%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                                                             | Denver City & County School District No. 1, Series 2025 A, GO Bonds                                                                     | CUSIP: 249174YT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024526.30   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                                                             | Denver City & County School District No. 1, Series 2025 A, GO Bonds                                                                     | CUSIP: 249174YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1779961.80   | 0.11%             | 2036-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Orlando (City of), FL Utilities Commission                                                                             | Orlando (City of), FL Utilities Commission, Series 2025 A, RB                                                                           | CUSIP: 686507MT8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156505.00   | 0.07%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane Cook & DuPage Counties School District No. U-46 Elgin                                                             | Kane Cook & DuPage Counties School District No. U-46 Elgin, Series 2025, GO Bonds                                                       | CUSIP: 483836WK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1264021.42   | 0.08%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Turnpike Authority (Senior Bonds)                                                                  | Oklahoma (State of) Turnpike Authority (Senior Bonds), Series 2025 A, RB                                                                | CUSIP: 679111D43<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162589.50   | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| L'Anse Creuse Public Schools                                                                                           | L'Anse Creuse Public Schools, Series 2025 I, GO Bonds                                                                                   | CUSIP: 516228TB9<br>LEI: 549300L3W88HP5QUMY54 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1160812.80   | 0.07%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority (John Glenn Columbus International Airport)                                        | Columbus Regional Airport Authority (John Glenn Columbus International Airport), Series 2025, Ref. RB                                   | CUSIP: 199546DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $980876.46    | 0.06%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No. 401 Highline                                                                           | King County School District No. 401 Highline, Series 2025, GO Bonds                                                                     | CUSIP: 495033GX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $814295.65    | 0.05%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grundy Kendall & Will Counties Community High School District No. 111 (Minooka)                                        | Grundy Kendall & Will Counties Community High School District No. 111 (Minooka), Series 2025, GO Bonds                                  | CUSIP: 400424MJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204366.50    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                                                                 | Elmhurst Park District, Series 2025, GO Bonds                                                                                           | CUSIP: 289443HW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $820707.00    | 0.05%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                                                                 | Elmhurst Park District, Series 2025, GO Bonds                                                                                           | CUSIP: 289443HX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255951.58    | 0.02%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                                                                 | Elmhurst Park District, Series 2025, GO Bonds                                                                                           | CUSIP: 289443JH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $1004015.43   | 0.06%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elmhurst Park District                                                                                                 | Elmhurst Park District, Series 2025, GO Bonds                                                                                           | CUSIP: 289443JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $463555.16    | 0.03%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami (City of) & Dade (County of), FL School Board (The)                                                              | Miami (City of) & Dade (County of), FL School Board (The), Series 2025 A, Ref. COP                                                      | CUSIP: 59333MW84<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5266971.00   | 0.33%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority (LCRA Transmission Services Corp.)                                                      | Lower Colorado River Authority (LCRA Transmission Services Corp.), Series 2025, Ref. RB                                                 | CUSIP: 54811BP21<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010705.40   | 0.06%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (University of Dayton 2025)                                     | Ohio (State of) Higher Educational Facility Commission (University of Dayton 2025), Series 2025, Ref. RB                                | CUSIP: 67756DV78<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    780000 | PA      | $890352.22    | 0.06%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                     | Kentucky (Commonwealth of) Public Energy Authority, Series 2025 A, Ref. RB                                                              | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3730430.55   | 0.24%             | 2029-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance)                                        | Wisconsin (State of) Health & Educational Facilities Authority (Mercy Alliance), Series 2012, RB                                        | CUSIP: 97710BW57<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3230899.82   | 0.20%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Warren Regional School District                                                                                | Bristol Warren Regional School District, Series 2025, GO Notes                                                                          | CUSIP: 110377DP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12400000 | PA      | $12538984.16  | 0.79%             | 2026-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ (Family Court Building Project)                                                                  | Essex (County of), NJ (Family Court Building Project), Series 2025, RN                                                                  | CUSIP: 296807MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517517.25   | 0.16%             | 2026-03-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huber Heights (City of), OH                                                                                            | Huber Heights (City of), OH, Series 2025, GO Notes                                                                                      | CUSIP: 443524XD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517963.25   | 0.10%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA                                                                                              | Los Angeles (City of), CA, Series 2025, RN                                                                                              | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029775.20   | 0.13%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson (Town of), MA                                                                                                   | Hudson (Town of), MA, Series 2025, GO Notes                                                                                             | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006196.80   | 0.06%             | 2026-06-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                                               | Arizona Industrial Development Authority, Series 2025, RB                                                                               | CUSIP: 04052BTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499441.10    | 0.03%             | 2035-07-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Scioto (County of), OH (Southern Ohio Medical Center)                                                                  | Scioto (County of), OH (Southern Ohio Medical Center), Series 2016, Ref. RB                                                             | CUSIP: 808878GX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2556161.06   | 0.16%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scioto (County of), OH (Southern Ohio Medical Center)                                                                  | Scioto (County of), OH (Southern Ohio Medical Center), Series 2016, Ref. RB                                                             | CUSIP: 808878GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2861305.55   | 0.18%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                     | South Carolina (State of) Public Service Authority, Series 2025 B, Ref. RB                                                              | CUSIP: 8371515X3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022131.30   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garland (City of), TX                                                                                                  | Garland (City of), TX, Series 2016 B, RB                                                                                                | CUSIP: 366133KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004784.80   | 0.06%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County School Board (The)                                                                                          | Lee County School Board (The), Series 2016 A, COP                                                                                       | CUSIP: 523494PW6<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011527.30   | 0.06%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Property & Building Commission (No. 132)                                                    | Kentucky (Commonwealth of) Property & Building Commission (No. 132), Series 2025 A, RB                                                  | CUSIP: 49151F4M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007885.50   | 0.06%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                                                    | Maryland Economic Development Corp., Series 2025, Ref. RB                                                                               | CUSIP: 57421HAB9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2266288.51   | 0.14%             | 2035-03-27      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                                                                 | Permanent University Fund - University of Texas System, Series 2025 A, Ref. RB                                                          | CUSIP: 915130BZ0<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   6695000 | PA      | $7959230.91   | 0.50%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine (State of) Turnpike Authority                                                                                    | Maine (State of) Turnpike Authority, Series 2025, Ref. RB                                                                               | CUSIP: 560543CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1777934.26   | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carroll (County of), GA                                                                                                | Carroll (County of), GA, Series 2021, GO Bonds                                                                                          | CUSIP: 144753BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263910.13   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency                                                             | Massachusetts (Commonwealth of) Development Finance Agency, Series 2025, RB                                                             | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1891636.38   | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Independent School District No. 4 Bixby                                                                   | Tulsa County Independent School District No. 4 Bixby, Series 2025, GO Bonds                                                             | CUSIP: 899576HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032703.60   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas (County of), NE (Creighton University)                                                                         | Douglas (County of), NE (Creighton University), Series 2025, Ref. RB                                                                    | CUSIP: 259226DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034174.00   | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No. 210-Phoenix (2023)                                                      | Maricopa County Union High School District No. 210-Phoenix (2023), Series 2025 B, GO Bonds                                              | CUSIP: 567505SL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039070.10   | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) (Garvee)                                                                                     | North Carolina (State of) (Garvee), Series 2025, Ref. RB                                                                                | CUSIP: 658268EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10299737.00  | 0.65%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) (Garvee)                                                                                     | North Carolina (State of) (Garvee), Series 2025, Ref. RB                                                                                | CUSIP: 658268EZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6321378.00   | 0.40%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of)                                                                                                 | Connecticut (State of), Series 2025 A, GO Bonds                                                                                         | CUSIP: 20772KZS1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013986.20   | 0.13%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of)                                                                                                 | Connecticut (State of), Series 2025 A, GO Bonds                                                                                         | CUSIP: 20772KZT9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3223595.31   | 0.20%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Side Union High School District (Election of 2016)                                                                | East Side Union High School District (Election of 2016), Series 2025 D, GO Bonds                                                        | CUSIP: 275282TB7<br>LEI: 549300FHNKBG2V8ZLG85 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4178470.00   | 0.26%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health)                               | South Carolina (State of) Jobs-Economic Development Authority (Bon Secours Mercy Health), Series 2025, Ref. RB                          | CUSIP: 83703EMV4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3433038.30   | 0.22%             | 2030-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                   | District of Columbia, Series 2025 A, Ref. RB                                                                                            | CUSIP: 25477GXT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111575.40   | 0.20%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                                                       | Energy Northwest, Series 2025 A, Ref. RB                                                                                                | CUSIP: 29270C6W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5196143.00   | 0.33%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission                                                                      | North Carolina (State of) Medical Care Commission, Series 2025, RB                                                                      | CUSIP: 65820YTV8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    680000 | PA      | $680183.06    | 0.04%             | 2029-01-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees                                                                                 | Tulsa Municipal Airport Trust Trustees, Series 2025, Ref. RB                                                                            | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1153995.80   | 0.07%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ann Arbor School District                                                                                              | Ann Arbor School District, Series 2025, Ref. GO Bonds                                                                                   | CUSIP: 035519YW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $3106838.32   | 0.20%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                                                      | Palm Beach County School District, Series 2025 A, Ref. COP                                                                              | CUSIP: 696550M25<br>LEI: 549300J36FX8PM8L7086 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1356065.50   | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County (County of), FL School Board                                                                              | Duval County (County of), FL School Board, Series 2025 A, Ref. COP                                                                      | CUSIP: 267169HN3<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1323510.50   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Yale University)                                     | Connecticut (State of) Health & Educational Facilities Authority (Yale University), Series 2025, RB                                     | CUSIP: 20775DZS4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5510324.00   | 0.35%             | 2030-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockport (City of), IN (Indiana Michigan Power Co.)                                                                    | Rockport (City of), IN (Indiana Michigan Power Co.), Series 2025, Ref. RB                                                               | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5119720.00   | 0.32%             | 2029-06-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                                                                    | Leander Independent School District, Series 2025 A, Ref. GO Bonds                                                                       | CUSIP: 521841P34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $784554.96    | 0.05%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                                                                    | Leander Independent School District, Series 2025 B, Ref. GO Bonds                                                                       | CUSIP: 521841T22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1372016.38   | 0.09%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend (County of), TX                                                                                              | Fort Bend (County of), TX, Series 2025, Ref. RB                                                                                         | CUSIP: 346817EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050198.50   | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas (State of) Department of Transportation                                                                         | Kansas (State of) Department of Transportation, Series 2025 A, Ref. RB                                                                  | CUSIP: 485424TN5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7462553.70   | 0.47%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Finance Authority                                                                                  | Michigan (State of) Finance Authority, Series 2025 A, Ref. RB                                                                           | CUSIP: 594712ZP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2561953.64   | 0.16%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                               | New Jersey (State of) Turnpike Authority, Series 2025, RB                                                                               | CUSIP: 646140JK0<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4194505.20   | 0.27%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Vernia (City of), TX                                                                                                | La Vernia (City of), TX, Series 2025, GO Bonds                                                                                          | CUSIP: 505246YH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092828.70   | 0.07%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Housing Finance Corp.                                                                                           | Alaska Housing Finance Corp., Series 2025, RB                                                                                           | CUSIP: 011839S40<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160097.40   | 0.14%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL                                                                                               | Seminole (County of), FL, Series 2025, RB                                                                                               | CUSIP: 816696AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1353764.36   | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL                                                                                               | Seminole (County of), FL, Series 2025, RB                                                                                               | CUSIP: 816696AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595718.90   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Collins Urban Renewal Authority                                                                                   | Fort Collins Urban Renewal Authority, Series 2025, RB                                                                                   | CUSIP: 347141BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $779494.46    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Collins Urban Renewal Authority                                                                                   | Fort Collins Urban Renewal Authority, Series 2025, RB                                                                                   | CUSIP: 347141BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1244644.29   | 0.08%             | 2028-12-01      | 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    | 0.03%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of)                                                                                         | Pennsylvania (Commonwealth of), Series 2025, GO Bonds                                                                                   | CUSIP: 70914P4X7<br>LEI: 549300WICSGUHKHF1T85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3051333.60   | 0.19%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ                                                                                                 | Glendale (City of), AZ, Series 2025, RB                                                                                                 | CUSIP: 378352RY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520855.40   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (International Leadership of Texas)                                             | Clifton Higher Education Finance Corp. (International Leadership of Texas), Series 2025, RB                                             | CUSIP: 187145UU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2235004.27   | 0.14%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                                 | Downtown Revitalization Public Infrastructure District, Series 2025, RB                                                                 | CUSIP: 26118TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032703.60   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp. (Idea Public Schools)                                                           | Clifton Higher Education Finance Corp. (Idea Public Schools), Series 2025, RB                                                           | CUSIP: 187145VS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $787167.19    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Independent School District No. 1 Tulsa                                                                   | Tulsa County Independent School District No. 1 Tulsa, Series 2025, GO Bonds                                                             | CUSIP: 899525WU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5283424.00   | 0.33%             | 2028-08-01      | 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        |    500000 | PA      | $502434.15    | 0.03%             | 2028-07-01      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                                                       | Katy Independent School District, Series 2025, GO Bonds                                                                                 | CUSIP: 486063Y38<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543007.70   | 0.10%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle (City of), WA                                                                                                  | Seattle (City of), WA, Series 2025, RB                                                                                                  | CUSIP: 812643C77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097769.20   | 0.07%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                                                                      | Klein Independent School District, Series 2025, GO Bonds                                                                                | CUSIP: 498531UU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168244.40   | 0.14%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Le Mars Community School District                                                                                      | Le Mars Community School District, Series 2025, GO Bonds                                                                                | CUSIP: 521282EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1512698.06   | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Building Authority (Facilities Program)                                                            | Michigan (State of) Building Authority (Facilities Program), Series 2025, RB                                                            | CUSIP: 594615MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1985445.00   | 0.13%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                                                                  | Mansfield Independent School District, Series 2025, GO Bonds                                                                            | CUSIP: 564386US7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1812184.95   | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                                                                   | North Texas Municipal Water District, Series 2025, RB                                                                                   | CUSIP: 662903H30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1940012.90   | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | 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   | 0.07%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (St. John's University)                                                        | New York (State of) Dormitory Authority (St. John's University), Series 2025, RB                                                        | CUSIP: 64985SKU6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $465520.01    | 0.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (St. John's University)                                                        | New York (State of) Dormitory Authority (St. John's University), Series 2025, RB                                                        | CUSIP: 64985SKV4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054448.10   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Bay Transportation Authority                                                           | Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2025, RB                                                           | CUSIP: 575579Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2458335.61   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Bay Transportation Authority                                                           | Massachusetts (Commonwealth of) Bay Transportation Authority, Series 2025, RB                                                           | CUSIP: 575579Y43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2787192.25   | 0.18%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winnebago-Boone Etc Counties Community College District No. 511 Rock Valley Clg                                        | Winnebago-Boone Etc Counties Community College District No. 511 Rock Valley Clg, Series 2025, GO Bonds                                  | CUSIP: 974433JL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2950976.40   | 0.19%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                                                                    | Tomball Independent School District, Series 2025, GO Bonds                                                                              | CUSIP: 8898552B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1423933.16   | 0.09%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aurora (City of), IL                                                                                                   | Aurora (City of), IL, Series 2025, GO Bonds                                                                                             | CUSIP: 0516454E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1356244.94   | 0.09%             | 2036-12-30      | Fixed         | 5.00%                 | 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        |   3000000 | PA      | $1056065.70   | 0.07%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pinal (county of), AZ                                                                                                  | Pinal (county of), AZ, Series 2025, RB                                                                                                  | CUSIP: 72205RHD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1239302.13   | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lubbock Independent School District                                                                                    | Lubbock Independent School District, Series 2025, GO Bonds                                                                              | CUSIP: 5492205U1<br>LEI: 549300SBJI5UDVLE3F39 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1718192.63   | 0.11%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chippewa Valley Schools                                                                                                | Chippewa Valley Schools, Series 2025, GO Bonds                                                                                          | CUSIP: 170016K73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103633.80   | 0.07%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ                                                                                                 | Glendale (City of), AZ, Series 2025, RB                                                                                                 | CUSIP: 378307BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2260134.60   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL                                                                                               | Seminole (County of), FL, Series 2025, RB                                                                                               | CUSIP: 816705KN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111926.80   | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN                                                                                                 | Shelby (County of), TN, Series 2022, GO Bonds                                                                                           | CUSIP: 8216862P6<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2225479.41   | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Local Building Authority of Alpine School District (West School District)                                              | Local Building Authority of Alpine School District (West School District), Series 2025, RB                                              | CUSIP: 02108TDG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078356.50   | 0.07%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Local Building Authority of Alpine School District (West School District)                                              | Local Building Authority of Alpine School District (West School District), Series 2025, RB                                              | CUSIP: 02108TDH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101484.30   | 0.07%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas (City of), TX (Palladium Bucker Station)                                                                        | Dallas (City of), TX (Palladium Bucker Station), Series 2025, RB                                                                        | CUSIP: 235298CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001080.00   | 0.25%             | 2028-08-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| La Porte (County of), TX                                                                                               | La Porte (County of), TX, Series 2025, GO Bonds                                                                                         | CUSIP: 5041022S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $3043163.47   | 0.19%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                                                                     | Irving Independent School District, Series 2025, GO Bonds                                                                               | CUSIP: 463813M51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $446760.68    | 0.03%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                                                          | Volusia County Educational Facility Authority, Series 2025, RB                                                                          | CUSIP: 928836PM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $849232.96    | 0.05%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                                                          | Volusia County Educational Facility Authority, Series 2025, RB                                                                          | CUSIP: 928836PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2207313.40   | 0.14%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dripping Springs Independent School District                                                                           | Dripping Springs Independent School District, Series 2025, GO Bonds                                                                     | CUSIP: 262061UK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117258.50   | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia (County of), FL School Board                                                                                  | Escambia (County of), FL School Board, Series 2025, COP                                                                                 | CUSIP: 296141EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262254.53    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine-Colleyville Independent School District                                                                      | Grapevine-Colleyville Independent School District, Series 2025, GO Bonds                                                                | CUSIP: 3886407J7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3873214.80   | 0.25%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escambia (County of), FL School Board                                                                                  | Escambia (County of), FL School Board, Series 2025, COP                                                                                 | CUSIP: 296141EL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $740153.23    | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                                                            | District of Columbia Housing Finance Agency, Series 2025, RB                                                                            | CUSIP: 254768ZK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014094.80   | 0.13%             | 2030-09-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                                                                 | Utah Transit Authority, Series 2025, RB                                                                                                 | CUSIP: 917567JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1717131.04   | 0.11%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (Broadway Farms)                                                | Phoenix (City of), AZ Industrial Development Authority (Broadway Farms), Series 2025, RB                                                | CUSIP: 718903RV1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004272.00   | 0.25%             | 2028-02-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                                     | Forney Independent School District, Series 2025, GO Bonds                                                                               | CUSIP: 346425LR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $796142.40    | 0.05%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wink-Loving Independent School District                                                                                | Wink-Loving Independent School District, Series 2025, GO Bonds                                                                          | CUSIP: 974170FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508524.55    | 0.03%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sherman Independent School District                                                                                    | Sherman Independent School District, Series 2025, GO Bonds                                                                              | CUSIP: 824178D95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $841665.52    | 0.05%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Housing Finance Authority                                                                          | Lee (County of), FL Housing Finance Authority, Series 2025, RB                                                                          | CUSIP: 52349HBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000172.80   | 0.06%             | 2028-10-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Snohomish County Public Utility District No.1 Generation System Revenue                                                | Snohomish County Public Utility District No.1 Generation System Revenue, Series 2025, RB                                                | CUSIP: 833116DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1170655.70   | 0.07%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Housing Finance Authority (Amber Station)                                                   | Miami-Dade (County of), FL Housing Finance Authority (Amber Station), Series 2025, RB                                                   | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3015669.90   | 0.19%             | 2029-08-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Cook County High School District No.203 New Trier Township                                                             | Cook County High School District No.203 New Trier Township, Series 2021, GO Bonds                                                       | CUSIP: 215489PB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1311952.65   | 0.08%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ogden City School District                                                                                             | Ogden City School District, Series 2020, GO Bonds                                                                                       | CUSIP: 676295FW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084139.20   | 0.07%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waukee Community School District                                                                                       | Waukee Community School District, Series 2025, GO Bonds                                                                                 | CUSIP: 942833H23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1085480.83   | 0.07%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Municipal Bond Bank                                                                                            | Vermont Municipal Bond Bank, Series 2025, RB                                                                                            | CUSIP: 924215EA0<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2270556.00   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corp ForGreer (City Improvement Projects)                                                                              | Corp ForGreer (City Improvement Projects), Series 2025, RB                                                                              | CUSIP: 397479AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159418.08    | 0.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (UF Health Projects)                                                                        | Capital Trust Agency, Inc. (UF Health Projects), Series 2025, RB                                                                        | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7700000 | PA      | $8424808.70   | 0.53%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peace River Manasota Regional Water Supply Authority                                                                   | Peace River Manasota Regional Water Supply Authority, Series 2025, RB                                                                   | CUSIP: 704612GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1946891.75   | 0.12%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of)                                                                                                  | Washington (State of), Series 2025, GO Bonds                                                                                            | CUSIP: 93974FBK8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2690000 | PA      | $3088292.16   | 0.20%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                        | Massachusetts (Commonwealth of), Series 2025, GO Bonds                                                                                  | CUSIP: 57582TEN8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2881742.25   | 0.18%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group)                           | South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group), Series 2025, RB                           | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7589087.80   | 0.48%             | 2030-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas (State of) Development Finance Authority                                                                        | Kansas (State of) Development Finance Authority, Series 2025, RB                                                                        | CUSIP: 48542TBN9<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3282088.92   | 0.21%             | 2027-09-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                                                         | Florida Municipal Power Agency, Series 2025, RB                                                                                         | CUSIP: 342816U45<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1659251.10   | 0.11%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle)                                     | Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle), Series 2012, RB                                     | CUSIP: 121342QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4940796.50   | 0.31%             | 2029-08-21      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp. (Liberty Corner)                                                                                    | Utah Housing Corp. (Liberty Corner), Series 2025, RB                                                                                    | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3288393.90   | 0.21%             | 2029-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Housing Authority                                                                                              | Raleigh Housing Authority, Series 2025, RB                                                                                              | CUSIP: 751115CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2224669.44   | 0.14%             | 2029-03-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                                                                           | Wise County Industrial Development Authority, Series 2009, RB                                                                           | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007109.20   | 0.13%             | 2030-10-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Minnesota (State of) Health & Education Facilities Authority (ST. OLAF College)                                        | Minnesota (State of) Health & Education Facilities Authority (ST. OLAF College), Series 2025, RB                                        | CUSIP: 60410PAB8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020340.60   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma County Library District                                                                                           | Yuma County Library District, Series 2025, GO Bonds                                                                                     | CUSIP: 988589DC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $295008.97    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                 | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2024, RB                                                 | CUSIP: 6461087M6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2484160.75   | 0.16%             | 2027-11-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Greenwood Village South)                                                         | Indiana (State of) Finance Authority (Greenwood Village South), Series 2025, RB                                                         | CUSIP: 45506EPE7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001763.30   | 0.06%             | 2032-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority                                                                      | Oklahoma (State of) Development Finance Authority, Series 2025, RB                                                                      | CUSIP: 67884GWJ9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    430000 | PA      | $444511.86    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority                                                                      | Oklahoma (State of) Development Finance Authority, Series 2025, RB                                                                      | CUSIP: 67884GWK6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    325000 | PA      | $343271.60    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority                                                                      | Oklahoma (State of) Development Finance Authority, Series 2025, RB                                                                      | CUSIP: 67884GWL4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    595000 | PA      | $640808.69    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island (City of), NY Power Authority                                                                              | Long Island (City of), NY Power Authority, Series 2025, RB                                                                              | CUSIP: 542691LD0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4957141.50   | 0.31%             | 2028-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Appalachain Power Company- AMOS Project)                      | West Virginia (State of) Economic Development Authority (Appalachain Power Company- AMOS Project), Series 2011, RB                      | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014008.20   | 0.13%             | 2028-09-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                                                                | Virginia Port Authority, Series 2025, RB                                                                                                | CUSIP: 928077KF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $699344.28    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Port Authority                                                                                                | Virginia Port Authority, Series 2025, RB                                                                                                | CUSIP: 928077KJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $562748.89    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Independent School District                                                                               | Ector County Independent School District, Series 2025, GO Bonds                                                                         | CUSIP: 279263SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2099062.37   | 0.13%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarksville (City of), TN                                                                                              | Clarksville (City of), TN, Series 2025, RB                                                                                              | CUSIP: 182494JT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018195.80   | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarksville (City of), TN                                                                                              | Clarksville (City of), TN, Series 2025, RB                                                                                              | CUSIP: 182494JU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1270721.50   | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                           | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2025, RB                                           | CUSIP: 041807PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2586319.25   | 0.16%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of)                                                                                                   | Louisiana (State of), Series 2025, RB                                                                                                   | CUSIP: 546475XB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3306919.04   | 0.21%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of)                                                                                                   | Louisiana (State of), Series 2025, RB                                                                                                   | CUSIP: 546475XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3173183.10   | 0.20%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (The University of Chicago)                                                      | Illinois (State of) Finance Authority (The University of Chicago), Series 2025, RB                                                      | CUSIP: 45204FR56<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2278302.92   | 0.14%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Housing Authority (PHADC Acquition Program)                                                 | Philadelphia (City of), PA Housing Authority (PHADC Acquition Program), Series 2025, RB                                                 | CUSIP: 71783TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1434118.14   | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                                                                | Massachusetts School Building Authority, Series 2025, RB                                                                                | CUSIP: 576000F32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1688343.90   | 0.11%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                            | Connecticut State Health & Educational Facilities Authority, Series 2025, RB                                                            | CUSIP: 20775DC75<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3353697.90   | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garden City KS                                                                                                 | City of Garden City KS, Series 2025, RB                                                                                                 | CUSIP: 36508AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996439.10    | 0.06%             | 2033-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                                                      | City of Austin TX, Series 2025, GO Bonds                                                                                                | CUSIP: 0523973H7<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2820516.50   | 0.18%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                                                                | Dallas Fort Worth International Airport, Series 2025, RB                                                                                | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3174665.40   | 0.20%             | 2029-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                                      | Southeast Energy Authority A Cooperative District, Series 2025, RB                                                                      | CUSIP: 84136HCH4<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    685000 | PA      | $722277.91    | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                                      | Southeast Energy Authority A Cooperative District, Series 2025, RB                                                                      | CUSIP: 84136HCJ0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    685000 | PA      | $732446.53    | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District/GA                                                                                      | Douglas County School District/GA, Series 2025, GO Bonds                                                                                | CUSIP: 259030RE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1145797.00   | 0.07%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond County Board of Education                                                                                     | Richmond County Board of Education, Series 2025, GO Bonds                                                                               | CUSIP: 764581KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150695.90   | 0.07%             | 2032-10-01      | Fixed         | 5.00%                 | 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        |   2000000 | PA      | $2021966.40   | 0.13%             | 2030-06-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                        | California Community Choice Financing Authority, Series 2025, RB                                                                        | CUSIP: 13013JGT7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527056.20    | 0.03%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                        | California Community Choice Financing Authority, Series 2025, RB                                                                        | CUSIP: 13013JGU4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061857.30   | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                        | California Community Choice Financing Authority, Series 2025, RB                                                                        | CUSIP: 13013JGV2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069809.40   | 0.07%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                                        | California Community Choice Financing Authority, Series 2025, RB                                                                        | CUSIP: 13013JGW0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1886309.78   | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                                                                   | Kansas Development Finance Authority, Series 2025, RB                                                                                   | CUSIP: 48542TBQ2<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2955139.50   | 0.19%             | 2028-10-01      | Variable      | 2.70%                 | 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: 214435NC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $293398.66    | 0.02%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                                                          | Texas Water Development Board, Series 2025, RB                                                                                          | CUSIP: 88285AJF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2280256.40   | 0.14%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Manatee FL Public Utilities Revenue                                                                          | County of Manatee FL Public Utilities Revenue, Series 2025, RB                                                                          | CUSIP: 561851LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $848199.23    | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knoxville Industrial Development Board                                                                                 | Knoxville Industrial Development Board, Series 2025, RB                                                                                 | CUSIP: 499790AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1490837.70   | 0.09%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                                                       | Park Creek Metropolitan District, Series 2025, RB                                                                                       | CUSIP: 700385BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $880003.05    | 0.06%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Will IL                                                                                                      | County of Will IL, Series 2025, GO Bonds                                                                                                | CUSIP: 968657KQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139624.80   | 0.07%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                           | North East Texas Regional Mobility Authority, Series 2025, RB                                                                           | CUSIP: 659231BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562430.50    | 0.04%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                                                                     | Oklahoma Municipal Power Authority, Series 2025, RB                                                                                     | CUSIP: 67910HSK7<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |    300000 | PA      | $340321.92    | 0.02%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pickerington Local School District                                                                                     | Pickerington Local School District, Series 2025, GO Bonds                                                                               | CUSIP: 719780PK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135487.80   | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc.                                                                                          | American Municipal Power Inc., Series 2025, RB                                                                                          | CUSIP: 02765UUA0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    250000 | PA      | $284988.18    | 0.02%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                                                   | Chicago Midway International Airport, Series 2025, RB                                                                                   | CUSIP: 167562VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2295285.60   | 0.15%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                                          | Delaware State Economic Development Authority, Series 2020, RB                                                                          | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3044000.40   | 0.19%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Wilmington Housing Authority                                                                                           | Wilmington Housing Authority, Series 2025, RB                                                                                           | CUSIP: 971696AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993091.20   | 0.13%             | 2028-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Pearland Independent School District                                                                                   | Pearland Independent School District, Series 2025, GO Bonds                                                                             | CUSIP: 704880DS9<br>LEI: 549300UU8ZB6DL6OXQ09 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1436178.63   | 0.09%             | 2037-02-15      | 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        |   2100000 | PA      | $2130800.28   | 0.13%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                                                             | City of Shakopee MN Senior Housing Revenue, Series 2025, RB                                                                             | CUSIP: 81919TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1306025.37   | 0.08%             | 2035-11-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                                         | Wayne County Airport Authority, Series 2025, RB                                                                                         | CUSIP: 944514Z84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $563220.85    | 0.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                                                          | Kentucky State Property & Building Commission, Series 2025, RB                                                                          | CUSIP: 49151F6H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2298206.00   | 0.15%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                                                                     | Conroe Independent School District, Series 2025, GO Bonds                                                                               | CUSIP: 2084186A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2294437.80   | 0.15%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                         | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                         | CUSIP: 64613CHF8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3437530.50   | 0.22%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                                                     | New York State Dormitory Authority, Series 2025, RB                                                                                     | CUSIP: 64985SNR0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2625384.83   | 0.17%             | 2030-11-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                                                              | Glendale Industrial Development Authority, Series 2025, RB                                                                              | CUSIP: 378286LG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516224.75    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sparks Tourism Improvement District No 1                                                                               | Sparks Tourism Improvement District No 1, Series 2025, RB                                                                               | CUSIP: 846562AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500246.75   | 0.10%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                                                                 | Round Rock Independent School District, Series 2025, GO Bonds                                                                           | CUSIP: 779240RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2599015.50   | 0.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                                      | Southeast Energy Authority A Cooperative District, Series 2025, RB                                                                      | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10767685.00  | 0.68%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                                                                    | Crowley Independent School District, Series 2025, GO Bonds                                                                              | CUSIP: 228130LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $991591.06    | 0.06%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Collins-Loveland Water District                                                                                   | Fort Collins-Loveland Water District, Series 2025, RB                                                                                   | CUSIP: 347163BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047527.70   | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd                                       | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Series 2025, RB                                       | CUSIP: 592113CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2698556.58   | 0.17%             | 2027-12-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                                                                   | Riverside Community College District, Series 2023, COP                                                                                  | CUSIP: 768866DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120127.55    | 0.01%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                                                                | State of Oregon Housing & Community Services Department, Series 2025, RB                                                                | CUSIP: 68608ABZ2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1874084.63   | 0.12%             | 2028-02-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Parish School System                                                                                  | East Baton Rouge Parish School System, Series 2025, GO Bonds                                                                            | CUSIP: 270851AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256581.70    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grosse Pointe Public School System                                                                                     | Grosse Pointe Public School System, Series 2025, GO Bonds                                                                               | CUSIP: 399100LX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032987.90   | 0.07%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                                                                   | County of Miami-Dade FL Water & Sewer System Revenue, Series 2025, RB                                                                   | CUSIP: 59334DPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043175.10   | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Community High School District No 99 Downers Grove                                                       | DuPage County Community High School District No 99 Downers Grove, Series 2025, GO Bonds                                                 | CUSIP: 263417LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $657402.54    | 0.04%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                                                      | State of Colorado, Series 2025, COP                                                                                                     | CUSIP: 19668QPA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514810.15    | 0.03%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma (The)                                                                                           | University of Oklahoma (The), Series 2025, RB                                                                                           | CUSIP: 91476PD96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036072.40   | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvin College                                                                                                          | Alvin College, Series 2025, GO Bonds                                                                                                    | CUSIP: 022430AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1476628.42   | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | 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        |   1445000 | PA      | $1228250.00   | 0.08%             | 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        |     12000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| City of Abilene TX                                                                                                     | City of Abilene TX, Series 2025, GO Bonds                                                                                               | CUSIP: 00344NR48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025255.60   | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                                     | Rhode Island Health and Educational Building Corp., Series 2005, RB                                                                     | CUSIP: 762243MY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.48%             | 2025-12-05      | Variable      | 2.78%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Health Care Facilities Authority (Providence Health & Services)                                  | Washington (State of) Health Care Facilities Authority (Providence Health & Services), Series 2012 A, RB                                | CUSIP: 93978HGC3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2799935.88   | 0.18%             | 2040-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA                                                                                                  | Atlanta (City of), GA, Series 2015, Ref. RB                                                                                             | CUSIP: 047870NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3464220.16   | 0.22%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                     | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                              | CUSIP: 888809AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1150171.16   | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                     | Tobacco Settlement Financing Corp., Series 2015 B, Ref. RB                                                                              | CUSIP: 888809BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6085000 | PA      | $6077161.91   | 0.38%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dallas (City of), TX                                                                                                   | Dallas (City of), TX, Series 2015 A, Ref. RB                                                                                            | CUSIP: 2354166T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3835000 | PA      | $3840971.86   | 0.24%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                             | Illinois (State of) Toll Highway Authority, Series 2015 A, RB                                                                           | CUSIP: 452252KQ1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4705436.02   | 0.30%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Municipal Power Agency No. 1 (Catawba)                                                       | North Carolina (State of) Municipal Power Agency No. 1 (Catawba), Series 2015 A, Ref. RB                                                | CUSIP: 658203X41<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1613067.37   | 0.10%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Children's Hospital Obligated Group)                                                             | District of Columbia (Children's Hospital Obligated Group), Series 2015, Ref. RB                                                        | CUSIP: 254764KC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3195023.61   | 0.20%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Municipal Power Agency                                                                      | Kentucky (Commonwealth of) Municipal Power Agency, Series 2015 A, Ref. RB                                                               | CUSIP: 491501DX7<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002049.60   | 0.13%             | 2026-09-01      | 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