# EDGAR Filing Document

**Accession Number:** 0001418144
**File Stem:** 0001418144-25-000221
**Filing Date:** 2025-12
**Character Count:** 79213
**Document Hash:** c883c6a5461dbf0b8b219f382d7f7e96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001418144-25-000221.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001418144-25-000221

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FUND TRUST
- **CENTRAL INDEX KEY:** 0001418144

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22148
- **FILM NUMBER:** 251609845

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Powershares Actively Managed Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20071109

## Series and Classes Contracts Data

### Invesco Intermediate Municipal ETF (Series ID: S000093682)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000262118 | Invesco Intermediate Municipal ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Actively Managed Exchange-Traded Fund Trust

- **b. Investment Company Act file number:** 811-22148

- **c. CIK number of Registrant:** 0001418144

- **d. LEI of Registrant:** 549300S7YWBLZ3UGI217

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

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

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

- **a. Name of Series:** Invesco Intermediate Municipal ETF

- **b. EDGAR series identifier (if any):** S000093682

- **c. LEI of Series:** 254900WCH4ZNH6J9AE66

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $59652530.59

**Total Liabilities:** $2865984.96

**Net Assets:** $56786545.63

**Cash Not Reported:** $111430.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -187.16318445 | **1-Year:** -1326.86199553 | **5-Year:** -4393.51278755 | **10-Year:** -14657.40558686 | **30-Year:** -2369.89104479

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

- **3-Month:** -12.53814132 | **1-Year:** -377.62468970 | **5-Year:** -1064.07969204 | **10-Year:** -1394.30102521 | **30-Year:** -233.71759202

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262118 | 0.56%                | 1.54%                | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $50589.72                                  |
| Month 2  | $2338.06                 | $179077.74                                 |
| Month 3  | $10858.86                | $300252.63                                 |

### Schedule of Portfolio Investments

| Name                                                                                                            | Title                                                                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                       | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                       | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250231.88    | 0.44%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (Urban Resource Insititute )                                                           | Build NYC Resource Corp. (Urban Resource Insititute ), Series 2025, RB                                                           | CUSIP: 12008EWL6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    715000 | PA      | $745690.02    | 1.31%             | 2035-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                                                    | Kansas City Industrial Development Authority, Series 2019, RB                                                                    | CUSIP: 48504NAW9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261486.05    | 0.46%             | 2034-03-01      | 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: 167593VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150311.27    | 0.26%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment) | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2020, RB | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130821.66    | 0.23%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH  (Life Enriching Communities)                                                          | Hamilton (County of), OH  (Life Enriching Communities), Series 2023, RB                                                          | CUSIP: 40727RCJ5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    225000 | PA      | $237369.02    | 0.42%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Austin (City of), TX                                                                                            | Austin (City of), TX, Series 2017 A, RB                                                                                          | CUSIP: 052398FD1<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    750000 | PA      | $756661.73    | 1.33%             | 2041-11-15      | 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 2023 AA, Ref. RB                                               | CUSIP: 64613CDN5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    315000 | PA      | $347250.61    | 0.61%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                          | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                        | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498605.15    | 0.88%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                          | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB                        | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250016.38    | 0.44%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                   | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                   | CUSIP: 500364AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242826.03    | 0.43%             | 2037-01-01      | Fixed         | 5.88%                 | 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: 214435NL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $421363.13    | 0.74%             | 2040-12-15      | 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: 56682HCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $214348.66    | 0.38%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The)                                                                  | Charlotte-Mecklenburg Hospital Authority (The), Series 2021, RB                                                                  | CUSIP: 160853VA2<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 1.23%             | 2042-01-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                                                    | District of Columbia Water & Sewer Authority                                                                                     | CUSIP: 254845VV9<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 1.06%             | 2060-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                            | Chicago (City of), IL (O'Hare International Airport), Series 2017 D, RB                                                          | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014277.10   | 1.79%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                                                 | Baldwin County Industrial Development Authority, Series 2025, RB                                                                 | CUSIP: 05786PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252824.75    | 0.45%             | 2032-06-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                          | North Carolina Medical Care Commission, Series 2025, RB                                                                          | CUSIP: 65820YUE4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532805.35    | 0.94%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                                | Kentucky Public Energy Authority, Series 2025, RB                                                                                | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043845.70   | 1.84%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peace River Manasota Regional Water Supply Authority                                                            | Peace River Manasota Regional Water Supply Authority, Series 2025 A, RB                                                          | CUSIP: 704612GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $175308.80    | 0.31%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                          | California Municipal Finance Authority, Series 2025, RB                                                                          | CUSIP: 13050WAD3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008165.90   | 1.78%             | 2040-11-20      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Alliance for College-Ready Public Schools)                      | California (State of) School Finance Authority (Alliance for College-Ready Public Schools), Series 2016, Ref. RB                 | CUSIP: 13059TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250212.15    | 0.44%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                                               | Idaho Health Facilities Authority, Series 2018, RB                                                                               | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.76%             | 2048-03-01      | Variable      | 3.90%                 | 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        |    125000 | PA      | $125447.75    | 0.22%             | 2031-10-01      | Fixed         | 4.62%                 | 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: 71783TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $248890.93    | 0.44%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                             | Illinois (State of), Series 2016, GO Bonds                                                                                       | CUSIP: 452152E49<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300432.06    | 0.53%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health)                                                  | Charlotte-Mecklenburg Hospital Authority (The) (Atrium Health), Series 2018 G, VRD RB                                            | CUSIP: 160853UL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.88%             | 2048-01-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                      | Illinois (State of) Toll Highway Authority, Series 2016 B, RB                                                                    | CUSIP: 452252LX5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231233.38    | 0.41%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Alcoa, Inc.)                                                                 | Iowa (State of) Finance Authority (Alcoa, Inc.), Series 2012, RB                                                                 | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    915000 | PA      | $915004.76    | 1.61%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                        | Guam (Territory of) Waterworks Authority, Series 2025 A, RB                                                                      | CUSIP: 40065FEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $338873.70    | 0.60%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kokomo (City of), IN (Silver Birch at KOKOMO)                                                                   | Kokomo (City of), IN (Silver Birch at KOKOMO), Series 2017, RB                                                                   | CUSIP: 500364AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144328.32    | 0.25%             | 2034-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                                             | Idaho Housing & Finance Association, Series 2015, RB                                                                             | CUSIP: 45129GCN3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245066.59    | 0.43%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                            | Colorado Health Facilities Authority, Series 2019, RB                                                                            | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $743417.33    | 1.31%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH                                                                                        | Franklin (County of), OH, Series 2015, RB                                                                                        | CUSIP: 353187CQ8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150166.79    | 0.26%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Willow Creek Farms Municipal Utility District                                                                   | Willow Creek Farms Municipal Utility District, Series 2025, GO Bonds                                                             | CUSIP: 97112ARS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $248835.24    | 0.44%             | 2032-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                      | Tarrant County Cultural Education Facilities Finance Corp., Series 2015, RB                                                      | CUSIP: 87638RFP7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500056.95    | 0.88%             | 2040-11-15      | 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, Ref. RB             | CUSIP: 97712DQU3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151127.28    | 0.27%             | 2035-11-15      | Fixed         | 5.00%                 | 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        |    120000 | PA      | $120511.15    | 0.21%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                             | New Hampshire (State of) Business Finance Authority, Series 2025, RB                                                             | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    149744 | PA      | $147337.40    | 0.26%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Rosewell Park Cancer Insititute)                                       | New York (State of) Dormitory Authority (Rosewell Park Cancer Insititute), Series 2025, RB                                       | CUSIP: 64985SMW0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    225000 | PA      | $255053.05    | 0.45%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                           | New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB                                                    | CUSIP: 64971X4A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $268657.08    | 0.47%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                           | Houston (City of), TX, Series 2025 A, RB                                                                                         | CUSIP: 442349JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $199067.21    | 0.35%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Willow Creek Farms Municipal Utility District                                                                   | Willow Creek Farms Municipal Utility District, Series 2025, GO Bonds                                                             | CUSIP: 97112ARR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $145248.09    | 0.26%             | 2031-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                   | North Texas Tollway Authority, Series 2017 A, Ref. RB                                                                            | CUSIP: 66285WVZ6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    225000 | PA      | $229619.57    | 0.40%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp. (Molloy College)                                                         | Hempstead Town Local Development Corp. (Molloy College), Series 2017, Ref. RB                                                    | CUSIP: 424682HZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152286.21    | 0.27%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 3)                                                      | Southeast Energy Authority, A Cooperative District (No. 3), Series 2022 A-1, RB                                                  | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    120000 | PA      | $130098.04    | 0.23%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilliard School District                                                                                        | Hilliard School District, Series 2025, GO Bonds                                                                                  | CUSIP: 431621UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $254806.45    | 0.45%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                                                            | Colorado Educational & Cultural Facilities Authority, Series 2008, RB                                                            | CUSIP: 19645RDH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025000.00   | 1.81%             | 2038-02-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                          | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2024 K, RB                                        | CUSIP: 64613AJP8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077645.50   | 1.90%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                                                         | Dallas Fort Worth International Airport, Series 2025, RB                                                                         | CUSIP: 23503CGA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $278807.08    | 0.49%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                                                     | University of Wisconsin Hospitals & Clinics, Series 2018 B, Ref. VRD RB                                                          | CUSIP: 915260CL5<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.76%             | 2048-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Bexar County Health Facilities Development Corp.                                                                | Bexar County Health Facilities Development Corp., Series 2016, RB                                                                | CUSIP: 088354FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $134295.00    | 0.24%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hennepin (County of), MN                                                                                        | Hennepin (County of), MN, Series 2017 C, GO Bonds                                                                                | CUSIP: 425507GB0<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127031.54    | 0.22%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 102 La Grange                                                                    | Cook County School District No 102 La Grange, Series 2025, GO Bonds                                                              | CUSIP: 214435NM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $395201.30    | 0.70%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Transforming Age)                                             | Washington (State of) Housing Finance Commission (Transforming Age), Series 2019 A, RB                                           | CUSIP: 939783YY6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151261.74    | 0.27%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                        | New York (City of), NY Municipal Water Finance Authority, Series 2013, VRD RB                                                    | CUSIP: 64972GCN2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075000.00   | 1.89%             | 2050-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                          | New York (City of), NY, Subseries 2025 G-1, GO Bonds                                                                             | CUSIP: 64966SLW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278411.30    | 0.49%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                                                            | Hillsborough County Industrial Development Authority, Series 2020, RB                                                            | CUSIP: 43233KAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $540000.00    | 0.95%             | 2042-11-15      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| Texas (State of)                                                                                                | Texas (State of), Series 2022, GO Bonds                                                                                          | CUSIP: 882724E78<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.88%             | 2025-11-07      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                                             | Idaho Housing & Finance Association, Series 2022, RB                                                                             | CUSIP: 45129GHV0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    135000 | PA      | $128535.47    | 0.23%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Toll Highway Authority                                                                      | Illinois (State of) Toll Highway Authority, Series 2014 C, RB                                                                    | CUSIP: 452252JV2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200233.02    | 0.35%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc. (Combined Hydroelectric)                                                         | American Municipal Power, Inc. (Combined Hydroelectric), Series 2016 A, Ref. RB                                                  | CUSIP: 02765UMH4<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301801.53    | 0.53%             | 2026-02-15      | Fixed         | 5.00%                 | 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        |    525000 | PA      | $525000.00    | 0.92%             | 2039-06-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                                               | City of Newark NJ, Series 2016, GO Bonds                                                                                         | CUSIP: 650367MP7<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1278594.74   | 2.25%             | 2036-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                              | Forney Independent School District, Series 2025, Ref. GO Bonds                                                                   | CUSIP: 346425LY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $174134.00    | 0.31%             | 2035-08-15      | 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: 041807PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157965.45    | 0.28%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX                                                                                           | Houston (City of), TX, Series 2024 B, RB                                                                                         | CUSIP: 442349HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $247520.00    | 0.44%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc.                                                            | City Of South Miami Health Facilities Authority Inc., Series 2025, RB                                                            | CUSIP: 838810EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $171544.11    | 0.30%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees                                                                          | Tulsa Municipal Airport Trust Trustees, Series 2025, Ref. RB                                                                     | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $258149.98    | 0.45%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port Orange (City of), FL                                                                                       | Port Orange (City of), FL, Series 2025, RB                                                                                       | CUSIP: 735040FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $253350.72    | 0.45%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                                                      | Finance Authority of Maine, Series 2015, RB                                                                                      | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155081.00    | 0.27%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                                   | Delaware State Economic Development Authority, Series 2020, RB                                                                   | CUSIP: 246387SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009164.00   | 1.78%             | 2035-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                                                | Park Creek Metropolitan District, Series 2025, RB                                                                                | CUSIP: 700385CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $803259.53    | 1.41%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                                                                    | Highlands County Health Facilities Authority, Series 2025, RB                                                                    | CUSIP: 431022UN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1330000.00   | 2.34%             | 2060-11-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Lansing School District                                                                                         | Lansing School District, Series 2016, GO Bonds                                                                                   | CUSIP: 516444RM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75299.27     | 0.13%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Central Regional Wastewater Treatment Facilities Operation Board                                           | East Central Regional Wastewater Treatment Facilities Operation Board, Series 2017, Ref. RB                                      | CUSIP: 27149TBD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103490.55    | 0.18%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                                  | Wayne County Airport Authority, Series 2025, RB                                                                                  | CUSIP: 9445142F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $895893.08    | 1.58%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                                                           | School District of Philadelphia (The), Series 2018, GO Bonds                                                                     | CUSIP: 717883VD1<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    275000 | PA      | $287389.93    | 0.51%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District (No. 2)                                                      | Southeast Energy Authority, A Cooperative District (No. 2), Series 2024 A, RB                                                    | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533575.90    | 0.94%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport)                                | New York Transportation Development Corp. (Terminal 4 JFK International Airport), Series 2022, RB                                | CUSIP: 650116FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159910.32    | 0.28%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Delray Beach FL Water & Sewer Revenue                                                                   | City of Delray Beach FL Water & Sewer Revenue, Series 2025, RB                                                                   | CUSIP: 247325PM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227079.86    | 0.40%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (San Diego County Water Authority)                  | California (State of) Pollution Control Financing Authority (San Diego County Water Authority), Series 2019, Ref. RB             | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253327.13    | 0.45%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Housing & Finance Association                                                                  | Idaho (State of) Housing & Finance Association, Series 2025 C, RB                                                                | CUSIP: 45130BCH4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    300000 | PA      | $340618.92    | 0.60%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Parish of St. James LA                                                                                          | Parish of St. James LA, Series 2011, RB                                                                                          | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303105.15    | 0.53%             | 2030-06-01      | Variable      | 3.70%                 | 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        |    750000 | PA      | $784820.55    | 1.38%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies)                           | Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies), Series 2016, Ref. RB                      | CUSIP: 71885FEH6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39883.00     | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.)                 | Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.), Series 2016, Ref. RB            | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202566.14    | 0.36%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (Rochester General Hospital (The))                                   | Monroe County Industrial Development Corp. (Rochester General Hospital (The)), Series 2013 A, Ref. RB                            | CUSIP: 61075TEB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001425.90   | 1.76%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port Washington WI                                                                                      | City of Port Washington WI, Series 2025, GO Bonds                                                                                | CUSIP: 735609B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $254100.78    | 0.45%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sherman Independent School District                                                                             | Sherman Independent School District, Series 2025, GO Bonds                                                                       | CUSIP: 824178E94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $173597.49    | 0.31%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester Tobacco Asset Securitization Corp.                                                                  | Westchester Tobacco Asset Securitization Corp., Series 2016 B, Ref. RB                                                           | CUSIP: 957480BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400584.36    | 0.71%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corp. (Green Bonds)                                                                   | Phoenix Civic Improvement Corp. (Green Bonds), Series 2020, RB                                                                   | CUSIP: 71883RQP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159742.11    | 0.28%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                                                           | County of Okaloosa FL, Series 2025, RB                                                                                           | CUSIP: 678226AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504052.10    | 0.89%             | 2035-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                   | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                         | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    344000 | PA      | $316058.74    | 0.56%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Cloud (City of), MN (CentraCare Health System)                                                              | St. Cloud (City of), MN (CentraCare Health System), Series 2016 A, Ref. RB                                                       | CUSIP: 78916VDR8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    630000 | PA      | $631093.93    | 1.11%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Appling County                                                                         | Development Authority of Appling County, Series 2013, RB                                                                         | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.76%             | 2025-11-07      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                              | Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB                                                                       | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80006.25     | 0.14%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                                                    | Savannah Georgia Convention Center Authority, Series 2025, RB                                                                    | CUSIP: 804828AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $252525.67    | 0.44%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Housing Finance Corp.                                                                                    | Alaska Housing Finance Corp., Series 2025, RB                                                                                    | CUSIP: 011839X69<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    700000 | PA      | $718747.05    | 1.27%             | 2042-12-01      | Fixed         | 4.65%                 | 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        |    775000 | PA      | $774768.35    | 1.36%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                                                            | Chicago Midway International Airport, Series 2025, RB                                                                            | CUSIP: 167562VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $821983.50    | 1.45%             | 2041-01-01      | Fixed         | 5.00%                 | 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: 97710BW73<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175274.44    | 0.31%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No. 2                                                                           | Raindance Metropolitan District No. 2, Series 2024, Ref. GO Bonds                                                                | CUSIP: 75087FAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240976.13    | 0.42%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                     | Washington State Housing Finance Commission, Series 2025, RB                                                                     | CUSIP: 93978UDT0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    199685 | PA      | $192342.75    | 0.34%             | 2041-11-20      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                        | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB                                      | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268229.88    | 0.47%             | 2031-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Virginia                                                                                          | University of Virginia, Series 2015, RB                                                                                          | CUSIP: 915217WG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149988.32    | 0.26%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                                                      | New Orleans Aviation Board, Series 2024, RB                                                                                      | CUSIP: 64763HMN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1625939.10   | 2.86%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Trihealth, Inc. Obligated)                                                            | Hamilton (County of), OH (Trihealth, Inc. Obligated), Series 2021, Ref. VRD RB                                                   | CUSIP: 4072722B8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.76%             | 2051-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                                                  | Florida Municipal Power Agency, Series 2025, RB                                                                                  | CUSIP: 342816U78<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |    150000 | PA      | $170100.86    | 0.30%             | 2035-10-01      | 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        |    500000 | PA      | $497223.45    | 0.88%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                          | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016, RB                          | CUSIP: 650116AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $119442.19    | 0.21%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                                                                         | South Jersey Port Corp., Series 2017, RB                                                                                         | CUSIP: 838530RF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $231247.17    | 0.41%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                                     | Washington Health Care Facilities Authority, Series 2025, RB                                                                     | CUSIP: 93978HE84<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094577.90   | 1.93%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                                                      | Great Lakes Water Authority Sewage Disposal System Revenue, Series 2016, RB                                                      | CUSIP: 39081HAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101344.94    | 0.18%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Children Health System of Taxes)                          | New Hope Cultural Education Facilities Finance Corp. (Children Health System of Taxes), Series 2025, RB                          | CUSIP: 645424BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $255056.09    | 0.45%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bellalago Educational Facilities Benefit District                                                               | Bellalago Educational Facilities Benefit District, Series 2014, RB                                                               | CUSIP: 078302AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125085.08    | 0.22%             | 2033-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                                                       | Glendale Industrial Development Authority, Series 2025, RB                                                                       | CUSIP: 378286LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534450.60    | 0.94%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Leander TX                                                                                              | City of Leander TX, Series 2025, GO Bonds                                                                                        | CUSIP: 521838Z88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $570472.70    | 1.00%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Goldman Sachs Headquarters)                                                 | New York Liberty Development Corp. (Goldman Sachs Headquarters), Series 2005, Ref. RB                                            | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $175417.11    | 0.31%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Municipal Utility District No 95                                                              | Montgomery County Municipal Utility District No 95, Series 2017, GO Bonds                                                        | CUSIP: 61370NEX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $367740.59    | 0.65%             | 2037-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                            | Chicago (City of), IL (O'Hare International Airport), Series 2016 B, Ref. RB                                                     | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350304.68    | 0.62%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                   | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                 | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $139029.35    | 0.24%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities)                           | Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities), Series 2025, RB                           | CUSIP: 16080TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154905.47    | 0.27%             | 2035-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Colorado (City of), CO Springs Co.                                                                              | Colorado (City of), CO Springs Co., Series 2025 A, RB                                                                            | CUSIP: 1966327R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $176415.69    | 0.31%             | 2036-11-15      | Fixed         | 5.00%                 | 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        |    250000 | PA      | $250297.20    | 0.44%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                                                      | Denver City & County School District No. 1, Series 2017, GO Bonds                                                                | CUSIP: 249174VS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $162345.66    | 0.29%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University)                      | Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University), Series 2008, RB                      | CUSIP: 01728RES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.70%             | 2037-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc.                                                                                   | American Municipal Power Inc., Series 2025, RB                                                                                   | CUSIP: 02765UUJ1<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    600000 | PA      | $658273.80    | 1.16%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                                              | Port of Seattle WA, Series 2017, RB                                                                                              | CUSIP: 735389A32<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010005.20   | 1.78%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)            | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-1, Ref. RB   | CUSIP: 13016NFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35011.46     | 0.06%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville (City of), FL                                                                                       | Gainesville (City of), FL, Series 2012 B, Ref. VRD RB                                                                            | CUSIP: 362848RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $965000.00    | 1.70%             | 2042-10-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority, A Cooperative District No. 1                                                        | Southeast Energy Authority, A Cooperative District No. 1, Series 2021 A, RB                                                      | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    230000 | PA      | $235317.19    | 0.41%             | 2028-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds)                           | Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds), Series 2022, RB                           | CUSIP: 12008ETH9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258414.08    | 0.46%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                        | California (State of) School Finance Authority (KIPP LA), Series 2017 A, RB                                                      | CUSIP: 13059TEV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152524.70    | 0.27%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                  | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                  | CUSIP: 64613CHH4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130781.80   | 1.99%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                             | Illinois (State of), Series 2020, GO Bonds                                                                                       | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160704.15    | 0.28%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                                               | City of Austin TX, Series 2025, GO Bonds                                                                                         | CUSIP: 0523973R5<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    750000 | PA      | $851466.00    | 1.50%             | 2039-09-01      | 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: 837151PU7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    280000 | PA      | $282207.63    | 0.50%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                         | District of Columbia Tobacco Settlement Financing Corp., Series 2001, RB                                                         | CUSIP: 254842AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031360.80   | 1.82%             | 2040-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Invesco Actively Managed Exchange-Traded Fund Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President