# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0000909466-26-000047
**Filing Date:** 2026-1
**Character Count:** 454568
**Document Hash:** b079b80a5b706b9d11b187543f5d78f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000909466-26-000047.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000909466-26-000047

**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**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 26575351

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

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

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

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

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

## Series and Classes Contracts Data

### INVESCO MUNICIPAL INCOME FUND (Series ID: S000027869)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000084631 | CLASS A        | VKMMX           |
| C000084633 | CLASS C        | VMICX           |
| C000084634 | CLASS Y        | VMIIX           |
| C000125172 | Investor Class | VMINX           |
| C000188919 | Class R6       | VKMSX           |

## 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–106.24%** | **Municipal Obligations–106.24%** | **Municipal Obligations–106.24%** | **Municipal Obligations–106.24%** | **Municipal Obligations–106.24%** |
| **Alabama–3.29%** | **Alabama–3.29%** | **Alabama–3.29%** | **Alabama–3.29%** | **Alabama–3.29%** |
| &nbsp;&nbsp;&nbsp; Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the <br> Aging); Series 2016, RB<br>| 5.75% | 06/01/2035 | $4200 | &nbsp;&nbsp; $4214361 |
| Black Belt Energy Gas District (The); Series 2024 A, RB<sup>(a)</sup> <br>| 5.25% | 09/01/2032 | 3895 | &nbsp;&nbsp; 4273715 |
| Black Belt Energy Gas District (The) (No. 4); Series 2019 A-1, RB<sup>(a)(b)</sup> <br>| 4.00% | 12/01/2025 | 15000 | &nbsp;&nbsp; 15000000 |
| Energy Southeast, A Cooperative District; Series 2024 B, RB<sup>(a)</sup> <br>| 5.25% | 06/01/2032 | 4500 | &nbsp;&nbsp; 4895377 |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.); Series 2019, RB<sup>(c)</sup> <br>| 5.75% | 10/01/2049 | 5000 | &nbsp;&nbsp; 5069514 |
| &nbsp;&nbsp;&nbsp; Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, <br> RB (Acquired 12/17/2007; Cost $784,728)<sup>(d)(e)</sup> <br>| 5.50% | 01/01/2043 | 900 | &nbsp;&nbsp; 642375 |
| Jefferson (County of), AL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 10/01/2045 | 5000 | &nbsp;&nbsp; 5277126 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.25% | 10/01/2049 | 6460 | &nbsp;&nbsp; 6719505 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. Revenue Wts. | 5.50% | 10/01/2053 | 5000 | &nbsp;&nbsp; 5270200 |
| Lower Alabama Gas District (The); Series 2016 A, RB | 5.00% | 09/01/2046 | 21000 | &nbsp;&nbsp; 22884979 |
| Southeast Energy Authority, A Cooperative District (No. 2); Series 2024 A, RB | 5.00% | 11/01/2035 | 8765 | &nbsp;&nbsp; 9292820 |
| Southeast Energy Authority, A Cooperative District (No. 3); Series 2022 A-1, RB<sup>(a)</sup> <br>| 5.50% | 12/01/2029 | 5445 | &nbsp;&nbsp; 5853142 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(f)</sup> <br>| 5.25% | 05/01/2044 | 5000 | &nbsp;&nbsp; 5013368 |
|  |  |  |  | &nbsp;&nbsp; 94406482 |
| **Alaska–0.52%** | **Alaska–0.52%** | **Alaska–0.52%** | **Alaska–0.52%** | **Alaska–0.52%** |
| Municipality of Anchorage; Series 2025, RB (INS - AGI)<sup>(c)(g)(h)</sup> <br>| 5.25% | 02/01/2050 | 14120 | &nbsp;&nbsp; 14864250 |
| **Arizona–3.03%** | **Arizona–3.03%** | **Arizona–3.03%** | **Arizona–3.03%** | **Arizona–3.03%** |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2042 | 675 | &nbsp;&nbsp; 677379 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2047 | 925 | &nbsp;&nbsp; 921985 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2051 | 1000 | &nbsp;&nbsp; 981660 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2038 | 500 | &nbsp;&nbsp; 507539 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2048 | 1800 | &nbsp;&nbsp; 1790173 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB (CEP - Ohio School District) | 5.00% | 07/01/2052 | 2125 | &nbsp;&nbsp; 2079258 |
| Arizona (State of) Industrial Development Authority (Basis Schools); Series 2017 A, Ref. RB<sup>(f)</sup> <br>| 5.25% | 07/01/2047 | 4500 | &nbsp;&nbsp; 4358623 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Kaizen Education Foundation); Series 2016, <br> RB<sup>(f)</sup> <br>| 5.50% | 07/01/2036 | 5265 | &nbsp;&nbsp; 5293693 |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, <br> Inspirada and St. Rose Campus Projects); Series 2018 A, RB<sup>(f)</sup> <br>| 5.75% | 07/15/2048 | 3150 | &nbsp;&nbsp; 3153745 |
| Arizona (State of) Industrial Development Authority (Social Bonds); Series 2020 A, RB | 4.00% | 11/01/2045 | 2500 | &nbsp;&nbsp; 2268028 |
| Chandler (City of), AZ Industrial Development Authority (Intel Corp.); Series 2007, RB<sup>(a)(c)</sup> <br>| 4.10% | 06/15/2028 | 10000 | &nbsp;&nbsp; 10024496 |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2031 | 2440 | &nbsp;&nbsp; 2246678 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 11/15/2036 | 2550 | &nbsp;&nbsp; 2175464 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Paradise Schools); Series 2016, Ref. <br> RB<sup>(f)</sup> <br>| 5.00% | 07/01/2036 | 2500 | &nbsp;&nbsp; 2504376 |
| Phoenix Civic Improvement Corp.; Series 2019, RB | 5.00% | 07/01/2049 | 11425 | &nbsp;&nbsp; 11704470 |
| &nbsp;&nbsp;&nbsp; Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy); <br> Series 2018, RB<sup>(f)</sup> <br>| 5.25% | 07/01/2048 | 5000 | &nbsp;&nbsp; 4679895 |
| Salt River Project Agricultural Improvement & Power District; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 01/01/2053 | 12280 | &nbsp;&nbsp; 13077532 |
| Salt Verde Financial Corp.; Series 2007, RB | 5.00% | 12/01/2037 | 3180 | &nbsp;&nbsp; 3453864 |
| &nbsp;&nbsp;&nbsp; Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project); <br> Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 06/15/2059 | 3860 | &nbsp;&nbsp; 3432044 |
| &nbsp;&nbsp;&nbsp; Yuma (City of), AZ Industrial Development Authority (Yuma Regional Medical Center); Series 2024, <br> Ref. RB<br>| 5.25% | 08/01/2054 | 10990 | &nbsp;&nbsp; 11450619 |
|  |  |  |  | &nbsp;&nbsp; 86781521 |
| **Arkansas–0.52%** | **Arkansas–0.52%** | **Arkansas–0.52%** | **Arkansas–0.52%** | **Arkansas–0.52%** |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds); Series 2020, <br> RB<sup>(c)(f)</sup> <br>| 4.75% | 09/01/2049 | 5000 | &nbsp;&nbsp; 4888495 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** | **Arkansas–(continued)** |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(c)</sup> <br>| 5.45% | 09/01/2052 | $5000 | &nbsp;&nbsp; $5020941 |
| &nbsp;&nbsp;&nbsp; Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds); Series 2023, <br> RB<sup>(c)</sup> <br>| 5.70% | 05/01/2053 | 5000 | &nbsp;&nbsp; 5101492 |
|  |  |  |  | &nbsp;&nbsp; 15010928 |
| **California–9.83%** | **California–9.83%** | **California–9.83%** | **California–9.83%** | **California–9.83%** |
| Beverly Hills Unified School District (Election of 2008); Series 2009, GO Bonds<sup>(i)</sup> <br>| 0.00% | 08/01/2031 | 40 | &nbsp;&nbsp; 34742 |
| California (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. GO Bonds | 4.00% | 03/01/2040 | 5000 | &nbsp;&nbsp; 5088450 |
| &nbsp;&nbsp;&nbsp; Series 2022, GO Bonds | 4.00% | 04/01/2049 | 2190 | &nbsp;&nbsp; 2142494 |
| &nbsp;&nbsp;&nbsp; California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); <br> Series 2024, RB<sup>(a)</sup> <br>| 5.00% | 04/01/2032 | 7500 | &nbsp;&nbsp; 8035103 |
| California (State of) Community Choice Financing Authority (Green Bonds); Series 2023, RB<sup>(a)</sup> <br>| 5.00% | 08/01/2029 | 5000 | &nbsp;&nbsp; 5282637 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 4.00% | 06/01/2049 | 1500 | &nbsp;&nbsp; 1297728 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(i)</sup> <br>| 0.00% | 06/01/2055 | 27695 | &nbsp;&nbsp; 5322126 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); <br> Series 2020, Ref. RB<sup>(i)</sup> <br>| 0.00% | 06/01/2055 | 10000 | &nbsp;&nbsp; 2000468 |
| California (State of) Housing Finance Agency; Series 2019 A-2, RB | 4.00% | 03/20/2033 | 8723 | &nbsp;&nbsp; 8950220 |
| California (State of) Housing Finance Agency (Social Certificates); Series 2023-1, RB | 4.38% | 09/20/2036 | 3418 | &nbsp;&nbsp; 3536292 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail); <br> Series 2025 B, Ref. RB<sup>(a)(c)</sup> <br>| 12.00% | 11/02/2026 | 8260 | &nbsp;&nbsp; 7021000 |
| California (State of) Municipal Finance Authority (Linxs APM); Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2043 | 10000 | &nbsp;&nbsp; 10060990 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(c)(f)</sup> <br>| 5.00% | 07/01/2030 | 3160 | &nbsp;&nbsp; 3163196 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(c)(f)</sup> <br>| 5.00% | 11/21/2045 | 6705 | &nbsp;&nbsp; 6705029 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (San Diego County Water Authority); <br> Series 2019, Ref. RB<sup>(f)</sup> <br>| 5.00% | 11/21/2045 | 5250 | &nbsp;&nbsp; 5316620 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Lancer Educational Student <br> Housing); Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 06/01/2046 | 3000 | &nbsp;&nbsp; 2885793 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(f)</sup> <br>| 5.00% | 12/01/2041 | 6475 | &nbsp;&nbsp; 6493170 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(f)</sup> <br>| 5.25% | 12/01/2056 | 6150 | &nbsp;&nbsp; 6150623 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); <br> Series 2006 C, RB<sup>(f)(i)</sup> <br>| 0.00% | 06/01/2055 | 45000 | &nbsp;&nbsp; 3406608 |
| Clovis Unified School District (Election of 2004); Series 2004 A, GO Bonds (INS - NATL)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2029 | 1585 | &nbsp;&nbsp; 1435416 |
| Corona-Norco Unified School District (Election of 2006); Series 2009 C, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2039 | 1000 | &nbsp;&nbsp; 559205 |
| El Segundo Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(i)</sup> <br>| 0.00% | 08/01/2032 | 5030 | &nbsp;&nbsp; 4169581 |
| &nbsp;&nbsp;&nbsp; Series 2009 A, GO Bonds<sup>(i)</sup> <br>| 0.00% | 08/01/2033 | 4185 | &nbsp;&nbsp; 3347596 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(i)</sup> <br>| 0.00% | 06/01/2066 | 78500 | &nbsp;&nbsp; 8449528 |
| &nbsp;&nbsp;&nbsp; Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO <br> Bond Program); Series 2007, RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 08/01/2026 | 2000 | &nbsp;&nbsp; 2034333 |
| Hayward Unified School District (Election of 2008); Series 2010 A, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2034 | 1500 | &nbsp;&nbsp; 1141495 |
| Long Beach Unified School District (Election of 2008); Series 2009, GO Bonds | 5.75% | 08/01/2033 | 305 | &nbsp;&nbsp; 306520 |
| Los Angeles (City of), CA Department of Airports; Series 2021 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 05/15/2046 | 10000 | &nbsp;&nbsp; 10278729 |
| Los Angeles (City of), CA Department of Airports (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 G, RB<sup>(c)</sup> <br>| 5.50% | 05/15/2037 | 10810 | &nbsp;&nbsp; 12078053 |
| &nbsp;&nbsp;&nbsp; Series 2022 G, RB<sup>(c)</sup> <br>| 5.50% | 05/15/2038 | 6000 | &nbsp;&nbsp; 6666684 |
| &nbsp;&nbsp;&nbsp; Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2018 <br> A, RB<sup>(c)</sup> <br>| 5.00% | 05/15/2044 | 5515 | &nbsp;&nbsp; 5591531 |
| Los Angeles Unified School District (Green Bonds); Series 2022 QRR, GO Bonds | 5.25% | 07/01/2047 | 5000 | &nbsp;&nbsp; 5399776 |
| Menifee Union School District (Election of 2008); Series 2009 C, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2035 | 3260 | &nbsp;&nbsp; 2393510 |
| Morongo Band of Mission Indians (The); Series 2018 A, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2042 | 4800 | &nbsp;&nbsp; 4863058 |
| M-S-R Energy Authority; Series 2009 B, RB | 6.50% | 11/01/2039 | 9015 | &nbsp;&nbsp; 11101836 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |
| Patterson Joint Unified School District (Election of 2008); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2037 | $1170 | &nbsp;&nbsp; $781873 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2038 | 4770 | &nbsp;&nbsp; 3037389 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2039 | 5010 | &nbsp;&nbsp; 3030681 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2040 | 5260 | &nbsp;&nbsp; 3015258 |
| &nbsp;&nbsp;&nbsp; Series 2009 B, GO Bonds (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2041 | 5520 | &nbsp;&nbsp; 2988713 |
| Placentia-Yorba Linda Unified School District (Election of 2008); Series 2011 D, GO Bonds<sup>(i)</sup> <br>| 0.00% | 08/01/2035 | 1500 | &nbsp;&nbsp; 1113957 |
| San Diego (City of), CA Public Facilities Financing Authority; Series 2023 A, RB | 4.00% | 08/01/2052 | 10000 | &nbsp;&nbsp; 9712988 |
| San Diego (County of), CA Regional Airport Authority; Series 2021 B, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2046 | 15000 | &nbsp;&nbsp; 15359412 |
| San Diego Unified School District (Election of 2018) (Green Bonds); Series 2023, GO Bonds | 4.00% | 07/01/2053 | 10000 | &nbsp;&nbsp; 9597670 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Second Series 2025 A, RB<sup>(c)(h)(j)</sup> <br>| 5.25% | 05/01/2055 | 10000 | &nbsp;&nbsp; 10484656 |
| &nbsp;&nbsp;&nbsp; Series 2019 E, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2050 | 15000 | &nbsp;&nbsp; 15159165 |
| San Joaquin Hills Transportation Corridor Agency; Series 2014 B, Ref. RB | 5.25% | 01/15/2044 | 1595 | &nbsp;&nbsp; 1595732 |
| San Mateo Foster City School District (Election of 2008); Series 2010, GO Bonds<sup>(k)</sup> <br>| 6.63% | 08/01/2042 | 4915 | &nbsp;&nbsp; 5460165 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(i)</sup> <br>| 0.00% | 06/01/2036 | 22000 | &nbsp;&nbsp; 12287572 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(i)</sup> <br>| 0.00% | 06/01/2041 | 5000 | &nbsp;&nbsp; 1838514 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization <br> Corp.); Series 2019, Ref. RB<br>| 5.00% | 06/01/2048 | 3900 | &nbsp;&nbsp; 3853091 |
| Torrance Unified School District (Election of 2008-Measure Z); Series 2009 B-1, GO Bonds<sup>(i)</sup> <br>| 0.00% | 08/01/2026 | 1250 | &nbsp;&nbsp; 1228112 |
| Transbay Joint Powers Authority (Green Bonds); Series 2020 A, RB | 5.00% | 10/01/2045 | 1000 | &nbsp;&nbsp; 1006752 |
| West Contra Costa Unified School District; Series 2005, GO Bonds (INS - NATL)<sup>(g)(i)</sup> <br>| 0.00% | 08/01/2027 | 7865 | &nbsp;&nbsp; 7479651 |
|  |  |  |  | &nbsp;&nbsp; 281741491 |
| **Colorado–3.19%** | **Colorado–3.19%** | **Colorado–3.19%** | **Colorado–3.19%** | **Colorado–3.19%** |
| Amber Creek Metropolitan District; Series 2017 A, Ref. GO Bonds<sup>(a)(b)</sup> <br>| 5.13% | 12/15/2025 | 1029 | &nbsp;&nbsp; 1029834 |
| Broadway Park North Metropolitan District No. 2; Series 2020, GO Bonds<sup>(f)</sup> <br>| 5.00% | 12/01/2049 | 1600 | &nbsp;&nbsp; 1523576 |
| Centerra Metropolitan District No. 1 (In the City of Loveland); Series 2017, RB<sup>(f)</sup> <br>| 5.00% | 12/01/2037 | 3500 | &nbsp;&nbsp; 3501168 |
| Colliers Hill Metropolitan District No. 2; Series 2022 B-1, Ref. GO Bonds | 5.75% | 12/15/2047 | 4302 | &nbsp;&nbsp; 4225425 |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, Ref. RB | 4.00% | 08/01/2049 | 15000 | &nbsp;&nbsp; 13157085 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 12/01/2054 | 13345 | &nbsp;&nbsp; 13826819 |
| &nbsp;&nbsp;&nbsp; Colorado (State of) Health Facilities Authority (Covenant Living Communinities and Services); <br> Series 2025, Ref. RB<br>| 5.13% | 12/01/2050 | 4000 | &nbsp;&nbsp; 4004518 |
| Crowfoot Valley Ranch Metropolitan District No. 2; Series 2024 A, Ref. GO Bonds (INS - BAM)<sup>(g)</sup> <br>| 4.25% | 12/01/2049 | 2250 | &nbsp;&nbsp; 2109551 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 12/01/2048 | 15800 | &nbsp;&nbsp; 15900278 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 08/01/2051 | 9000 | &nbsp;&nbsp; 8281879 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(c)</sup> <br>| 5.50% | 11/15/2042 | 7500 | &nbsp;&nbsp; 8146938 |
| Denver (City & County of), CO Convention Center Hotel Authority; Series 2016, Ref. RB | 5.00% | 12/01/2035 | 2500 | &nbsp;&nbsp; 2524829 |
| Public Authority for Colorado Energy; Series 2008, RB | 6.50% | 11/15/2038 | 7015 | &nbsp;&nbsp; 8580726 |
| St. Vrain Lakes Metropolitan District No. 2; Series 2024 B, Ref. GO Bonds | 6.38% | 11/15/2054 | 1000 | &nbsp;&nbsp; 1001445 |
| Sterling Ranch Community Authority Board; Series 2020 A, Ref. RB<sup>(a)(b)</sup> <br>| 4.25% | 12/01/2025 | 2250 | &nbsp;&nbsp; 2295000 |
| West Point Metropolitan District Park Ridge Subdistrict; Series 2024, GO Bonds<sup>(f)</sup> <br>| 6.50% | 12/01/2048 | 1200 | &nbsp;&nbsp; 1207314 |
|  |  |  |  | &nbsp;&nbsp; 91316385 |
| **Connecticut–0.34%** | **Connecticut–0.34%** | **Connecticut–0.34%** | **Connecticut–0.34%** | **Connecticut–0.34%** |
| &nbsp;&nbsp;&nbsp; Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.); <br> Series 2016 A, RB<sup>(f)</sup> <br>| 5.00% | 09/01/2046 | 3990 | &nbsp;&nbsp; 3828851 |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2035 | 1000 | &nbsp;&nbsp; 1000323 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 08/01/2044 | 5000 | &nbsp;&nbsp; 4863514 |
|  |  |  |  | &nbsp;&nbsp; 9692688 |
| **District of Columbia–3.64%** | **District of Columbia–3.64%** | **District of Columbia–3.64%** | **District of Columbia–3.64%** | **District of Columbia–3.64%** |
| District of Columbia; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 03/01/2045 | 6665 | &nbsp;&nbsp; 6403449 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(h)</sup> <br>| 5.25% | 01/01/2048 | 6820 | &nbsp;&nbsp; 7264485 |
| District of Columbia (Georgetown University); Series 2017, Ref. RB<sup>(a)(b)</sup> <br>| 5.00% | 04/01/2027 | 1180 | &nbsp;&nbsp; 1216627 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** | **District of Columbia–(continued)** |
| District of Columbia (Ingleside at Rock Creek); Series 2017 A, RB | 5.00% | 07/01/2052 | $2250 | &nbsp;&nbsp; $2089213 |
| District of Columbia Income Tax Revenue; Series 2025, RB<sup>(h)</sup> <br>| 5.00% | 07/01/2047 | 11675 | &nbsp;&nbsp; 12220581 |
| District of Columbia Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(i)</sup> <br>| 0.00% | 06/15/2046 | 25000 | &nbsp;&nbsp; 5871072 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(i)</sup> <br>| 0.00% | 06/15/2055 | 34000 | &nbsp;&nbsp; 3379777 |
| District of Columbia Water & Sewer Authority (Green Bonds); Series 2022 C-1, RB | 4.00% | 10/01/2051 | 10000 | &nbsp;&nbsp; 9261949 |
| Metropolitan Washington Airports Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 10/01/2037 | 17565 | &nbsp;&nbsp; 10421436 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, Ref. RB | 4.00% | 10/01/2049 | 26045 | &nbsp;&nbsp; 23085207 |
| Washington Metropolitan Area Transit Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 07/15/2045 | 5000 | &nbsp;&nbsp; 4798223 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.50% | 07/15/2060 | 9350 | &nbsp;&nbsp; 10126981 |
| Washington Metropolitan Area Transit Authority (Green Bonds); Series 2023 A, RB | 5.50% | 07/15/2051 | 7500 | &nbsp;&nbsp; 8028026 |
|  |  |  |  | &nbsp;&nbsp; 104167026 |
| **Florida–10.47%** | **Florida–10.47%** | **Florida–10.47%** | **Florida–10.47%** | **Florida–10.47%** |
| Broward (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(c)</sup> <br>| 5.00% | 10/01/2047 | 18945 | &nbsp;&nbsp; 18994804 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 4.00% | 10/01/2049 | 5530 | &nbsp;&nbsp; 4908755 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.00% | 10/01/2047 | 5005 | &nbsp;&nbsp; 4787383 |
| Broward (County of), FL (Convention Center Expansion); Series 2021, RB | 4.00% | 09/01/2047 | 15000 | &nbsp;&nbsp; 13548096 |
| Capital Trust Agency, Inc. (Franklin Academy); Series 2020, RB<sup>(f)</sup> <br>| 5.00% | 12/15/2055 | 2000 | &nbsp;&nbsp; 1753323 |
| &nbsp;&nbsp;&nbsp; Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.); Series 2017, Ref. <br> RB<sup>(f)</sup> <br>| 5.00% | 07/01/2046 | 2500 | &nbsp;&nbsp; 1847000 |
| &nbsp;&nbsp;&nbsp; Charlotte (County of), FL Industrial Development Authority (Town & Country Utilities); Series 2025, <br> RB<sup>(c)</sup> <br>| 6.13% | 10/01/2055 | 1375 | &nbsp;&nbsp; 1432736 |
| County of Miami-Dade FL Water & Sewer System Revenue; Series 2025, RB<sup>(h)</sup> <br>| 5.00% | 10/01/2055 | 9815 | &nbsp;&nbsp; 10232945 |
| Davie (Town of), FL (Nova Southeastern University); Series 2018, Ref. RB | 5.00% | 04/01/2048 | 5000 | &nbsp;&nbsp; 5059630 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(a)(c)(f)</sup> <br>| 12.00% | 07/15/2028 | 6000 | &nbsp;&nbsp; 1950000 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.00% | 07/01/2044 | 10000 | &nbsp;&nbsp; 9943697 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.25% | 07/01/2053 | 15125 | &nbsp;&nbsp; 15104896 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.50% | 07/01/2053 | 10900 | &nbsp;&nbsp; 9047000 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, RB<sup>(a)(c)(f)</sup> <br>| 10.00% | 07/15/2028 | 5000 | &nbsp;&nbsp; 1625000 |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp. (Brightline West Passenger Rail); Series 2025, RB (Acquired <br> 08/12/2025; Cost $2,500,000)<sup>(a)(c)(e)(f)</sup> <br>| 10.00% | 06/15/2026 | 2500 | &nbsp;&nbsp; 1875000 |
| Florida Development Finance Corp. (Mater Academy); Series 2020 A, RB | 5.00% | 06/15/2050 | 9405 | &nbsp;&nbsp; 9070942 |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.); Series 2020 C, Ref. RB<sup>(f)</sup> <br>| 5.00% | 09/15/2050 | 4400 | &nbsp;&nbsp; 3844614 |
| Gainesville (City of), FL; Series 2012 B, Ref. VRD RB<sup>(l)</sup> <br>| 1.40% | 10/01/2042 | 5970 | &nbsp;&nbsp; 5970000 |
| Greater Orlando Aviation Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 10/01/2047 | 10000 | &nbsp;&nbsp; 10043695 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 4.00% | 10/01/2044 | 10000 | &nbsp;&nbsp; 9264880 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 10/01/2051 | 10000 | &nbsp;&nbsp; 10401121 |
| &nbsp;&nbsp;&nbsp; Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties); <br> Series 2018 A, RB (Acquired 08/29/2018-12/26/2018; Cost $4,672,453)<sup>(d)(e)</sup> <br>| 6.00% | 04/01/2038 | 4763 | &nbsp;&nbsp; 59535 |
| Lake (County of), FL (Lakeside at Waterman Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.50% | 08/15/2030 | 3050 | &nbsp;&nbsp; 3161231 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.50% | 08/15/2040 | 4000 | &nbsp;&nbsp; 4031201 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2050 | 3000 | &nbsp;&nbsp; 2892622 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.75% | 08/15/2055 | 1500 | &nbsp;&nbsp; 1428941 |
| Lee (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 10/01/2049 | 11470 | &nbsp;&nbsp; 11916256 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 10/01/2054 | 5000 | &nbsp;&nbsp; 5153152 |
| Manatee (County of), FL; Series 2023, Ref. RB | 4.00% | 10/01/2048 | 5000 | &nbsp;&nbsp; 4721794 |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 5.00% | 11/15/2039 | 1010 | &nbsp;&nbsp; 1010790 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB | 5.00% | 11/15/2044 | 1045 | &nbsp;&nbsp; 1045351 |

---

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

**Invesco Municipal Income 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)** |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB | 4.00% | 10/01/2049 | $15000 | &nbsp;&nbsp; $13751802 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 07/01/2050 | 5000 | &nbsp;&nbsp; 4486195 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 10/01/2051 | 5000 | &nbsp;&nbsp; 4515638 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-1, Ref. RB (INS - AGI)<sup>(c)(g)</sup> <br>| 4.00% | 10/01/2045 | 28000 | &nbsp;&nbsp; 26718600 |
| &nbsp;&nbsp;&nbsp; Subseries 2021 A-2, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 4.00% | 10/01/2049 | 11290 | &nbsp;&nbsp; 10438243 |
| Miami-Dade (County of), FL Expressway Authority; Series 2010 A, RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 07/01/2035 | 3350 | &nbsp;&nbsp; 3353118 |
| &nbsp;&nbsp;&nbsp; Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group); Series 2025, <br> Ref. RB<br>| 5.25% | 10/01/2056 | 10000 | &nbsp;&nbsp; 10473233 |
| Osceola (County of), FL; Series 2020 A-1, Ref. RB | 5.00% | 10/01/2049 | 2080 | &nbsp;&nbsp; 2097484 |
| Palm Beach (County of), FL Health Facilities Authority (Jupiter Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.75% | 11/01/2050 | 1950 | &nbsp;&nbsp; 2075846 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 11/01/2055 | 1950 | &nbsp;&nbsp; 1993911 |
| Peace River Manasota Regional Water Supply Authority; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.50% | 10/01/2055 | 11685 | &nbsp;&nbsp; 12643887 |
| Reunion East Community Development District; Series 2005, RB<sup>(d)</sup> <br>| 5.80% | 05/01/2036 | 197 | &nbsp;&nbsp; 2 |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.); Series 2016, RB | 5.00% | 12/01/2055 | 4500 | &nbsp;&nbsp; 4452247 |
| Tampa (City of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2040 | 1000 | &nbsp;&nbsp; 531080 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2041 | 1000 | &nbsp;&nbsp; 497953 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2042 | 1025 | &nbsp;&nbsp; 476670 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2045 | 1950 | &nbsp;&nbsp; 747585 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2049 | 2600 | &nbsp;&nbsp; 794310 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(i)</sup> <br>| 0.00% | 09/01/2053 | 2300 | &nbsp;&nbsp; 553584 |
| Tampa Bay (City of), FL Water; Series 2001 A, Ref. RB<sup>(b)</sup> <br>| 6.00% | 10/01/2029 | 3000 | &nbsp;&nbsp; 3329259 |
| Wildwood (City of), FL Village Community Development Disctrict No. 15; Series 2023, RB<sup>(f)</sup> <br>| 5.25% | 05/01/2054 | 6000 | &nbsp;&nbsp; 6024052 |
| Wildwood (City of), FL Village Community Development Disctrict No. 16; Series 2025, RB | 5.13% | 05/01/2056 | 3780 | &nbsp;&nbsp; 3783478 |
|  |  |  |  | &nbsp;&nbsp; 299864567 |
| **Georgia–3.20%** | **Georgia–3.20%** | **Georgia–3.20%** | **Georgia–3.20%** | **Georgia–3.20%** |
| Atlanta (City of), GA Department of Aviation; Series 2022 B, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2047 | 10215 | &nbsp;&nbsp; 10465067 |
| Atlanta Development Authority (The); Series 2024, Revenue Ctfs.<sup>(f)</sup> <br>| 5.56% | 12/15/2048 | 6000 | &nbsp;&nbsp; 5380582 |
| City of Atlanta GA Department of Aviation (Green Bonds) ; Series 2025 B-1, RB<sup>(c)(h)</sup> <br>| 5.50% | 07/01/2055 | 9000 | &nbsp;&nbsp; 9582353 |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4); Series 2019, RB | 5.00% | 01/01/2048 | 10530 | &nbsp;&nbsp; 10559770 |
| &nbsp;&nbsp;&nbsp; Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health <br> System); Series 2017, RAC<br>| 5.00% | 08/01/2047 | 7750 | &nbsp;&nbsp; 7663970 |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 5.88% | 06/15/2047 | 1680 | &nbsp;&nbsp; 1685483 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 6.00% | 06/15/2052 | 1530 | &nbsp;&nbsp; 1534959 |
| Main Street Natural Gas, Inc.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 05/15/2043 | 3000 | &nbsp;&nbsp; 3056628 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2030 | 5000 | &nbsp;&nbsp; 5304969 |
| &nbsp;&nbsp;&nbsp; Series 2023 C, RB<sup>(a)</sup> <br>| 5.00% | 09/01/2030 | 6000 | &nbsp;&nbsp; 6405692 |
| &nbsp;&nbsp;&nbsp; Series 2023 E-1, RB<sup>(a)</sup> <br>| 5.00% | 06/01/2031 | 5000 | &nbsp;&nbsp; 5365248 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(a)</sup> <br>| 5.00% | 03/01/2032 | 7565 | &nbsp;&nbsp; 8172244 |
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds); Series 2025 A, RB | 5.25% | 07/01/2050 | 8720 | &nbsp;&nbsp; 9446853 |
| Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC); Series 2018, Ref. RB<sup>(c)(f)</sup> <br>| 4.00% | 01/01/2038 | 7210 | &nbsp;&nbsp; 7098164 |
|  |  |  |  | &nbsp;&nbsp; 91721982 |
| **Guam–0.07%** | **Guam–0.07%** | **Guam–0.07%** | **Guam–0.07%** | **Guam–0.07%** |
| Guam (Territory of) Waterworks Authority; Series 2020 A, RB | 5.00% | 01/01/2050 | 2000 | &nbsp;&nbsp; 2017123 |
| **Idaho–0.19%** | **Idaho–0.19%** | **Idaho–0.19%** | **Idaho–0.19%** | **Idaho–0.19%** |
| Idaho (State of) Health Facilities Authority (St. Luke's Health ystem); Series 2025, Ref. RB | 5.25% | 03/01/2053 | 5265 | &nbsp;&nbsp; 5511305 |
| **Illinois–5.28%** | **Illinois–5.28%** | **Illinois–5.28%** | **Illinois–5.28%** | **Illinois–5.28%** |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. GO Bonds | 6.00% | 01/01/2038 | 8500 | &nbsp;&nbsp; 8669588 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, GO Bonds | 5.00% | 01/01/2044 | 5765 | &nbsp;&nbsp; 5503995 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 6.00% | 01/01/2050 | 2150 | &nbsp;&nbsp; 2259515 |
| Chicago (City of), IL (83rd/Stewart Redevelopment); Series 2013, COP<sup>(f)</sup> <br>| 7.00% | 01/15/2029 | 1575 | &nbsp;&nbsp; 1576175 |

---

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

**Invesco Municipal Income 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)** |
| Chicago (City of), IL (Cottage View Terrace Apartments); Series 2000 A, RB (CEP - GNMA)<sup>(c)</sup> <br>| 6.13% | 02/20/2042 | $1100 | &nbsp;&nbsp; $1100566 |
| Chicago (City of), IL (Diversey/Narragansett); Series 2006, COP<sup>(m)</sup> <br>| 7.46% | 02/15/2026 | 210 | &nbsp;&nbsp; 124062 |
| Chicago (City of), IL (O'Hare International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(c)(h)(j)</sup> <br>| 5.25% | 01/01/2053 | 15000 | &nbsp;&nbsp; 15287870 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2048 | 5000 | &nbsp;&nbsp; 5070329 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(c)</sup> <br>| 5.50% | 01/01/2059 | 10750 | &nbsp;&nbsp; 11183618 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. GO Bonds | 5.00% | 12/01/2034 | 5000 | &nbsp;&nbsp; 5000865 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, GO Bonds | 5.00% | 12/01/2046 | 3000 | &nbsp;&nbsp; 2697560 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds | 6.00% | 12/01/2049 | 6500 | &nbsp;&nbsp; 6550890 |
| &nbsp;&nbsp;&nbsp; Series 2025 C, Ref. GO Bonds | 5.50% | 12/01/2045 | 4870 | &nbsp;&nbsp; 4729613 |
| Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy); Subseries 2014 A, RB | 5.38% | 03/01/2034 | 461 | &nbsp;&nbsp; 445012 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 C, GO Bonds | 5.00% | 11/01/2029 | 5000 | &nbsp;&nbsp; 5180308 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 6.00% | 05/01/2028 | 10235 | &nbsp;&nbsp; 10975018 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, GO Bonds | 5.00% | 05/01/2030 | 2775 | &nbsp;&nbsp; 2907181 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, GO Bonds | 4.00% | 10/01/2034 | 2900 | &nbsp;&nbsp; 2944340 |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.50% | 05/01/2039 | 6250 | &nbsp;&nbsp; 6679419 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, GO Bonds | 5.25% | 05/01/2044 | 4500 | &nbsp;&nbsp; 4763891 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, GO Bonds | 4.00% | 10/01/2048 | 8750 | &nbsp;&nbsp; 7764767 |
| Illinois (State of) (Rebuild Illinois Program); Series 2019 B, GO Bonds | 4.00% | 11/01/2035 | 4450 | &nbsp;&nbsp; 4484479 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(c)</sup> <br>| 8.00% | 06/01/2032 | 1270 | &nbsp;&nbsp; 1271693 |
| Illinois (State of) Finance Authority; Series 2025, Ref. RB<sup>(f)</sup> <br>| 5.88% | 09/01/2046 | 2500 | &nbsp;&nbsp; 2488397 |
| Illinois (State of) Finance Authority (Ascension Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB<sup>(a)(b)</sup> <br>| 5.00% | 02/15/2027 | 4790 | &nbsp;&nbsp; 4935947 |
| &nbsp;&nbsp;&nbsp; Series 2016 C, Ref. RB | 5.00% | 02/15/2041 | 5210 | &nbsp;&nbsp; 5273504 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $3,560,284)<sup>(e)</sup> <br>| 5.00% | 11/01/2035 | 3430 | &nbsp;&nbsp; 2375275 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 11/27/2019; Cost $2,324,713)<sup>(e)</sup> <br>| 5.00% | 11/01/2040 | 2245 | &nbsp;&nbsp; 1554663 |
| Illinois (State of) Finance Authority (Park Place of Elmhurst); Series 2016, RB | 5.13% | 05/15/2060 | 772 | &nbsp;&nbsp; 567944 |
| Illinois (State of) Finance Authority (Rosalind Franklin University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 08/01/2049 | 2450 | &nbsp;&nbsp; 2388226 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 08/01/2047 | 1025 | &nbsp;&nbsp; 1007018 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion); <br> Series 2020, Ref. RB<br>| 4.00% | 06/15/2050 | 6645 | &nbsp;&nbsp; 5712135 |
| Illinois (State of) Sports Facilities Authority (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 5.25% | 06/15/2031 | 2630 | &nbsp;&nbsp; 2634842 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 5.25% | 06/15/2032 | 2395 | &nbsp;&nbsp; 2399237 |
| Marion (City of), IL (Star Bond District Area No. 1); Series 2025, RB | 6.63% | 06/01/2055 | 2500 | &nbsp;&nbsp; 2514115 |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club); Series 2007, RB<sup>(d)</sup> <br>| 5.80% | 03/01/2037 | 1500 | &nbsp;&nbsp; 165000 |
|  |  |  |  | &nbsp;&nbsp; 151187057 |
| **Indiana–0.64%** | **Indiana–0.64%** | **Indiana–0.64%** | **Indiana–0.64%** | **Indiana–0.64%** |
| Indiana Finance Authority; Series 2025, RB<sup>(h)</sup> <br>| 5.00% | 10/01/2053 | 11820 | &nbsp;&nbsp; 12168572 |
| Northern Indiana Commuter Transportation District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2035 | 1700 | &nbsp;&nbsp; 1711590 |
| &nbsp;&nbsp;&nbsp; Series 2016, RB | 5.00% | 07/01/2041 | 1500 | &nbsp;&nbsp; 1500947 |
| Valparaiso (City of), IN (Pratt Paper, LLC); Series 2024, Ref. RB<sup>(c)(f)</sup> <br>| 4.88% | 01/01/2044 | 3000 | &nbsp;&nbsp; 3025865 |
|  |  |  |  | &nbsp;&nbsp; 18406974 |
| **Iowa–0.62%** | **Iowa–0.62%** | **Iowa–0.62%** | **Iowa–0.62%** | **Iowa–0.62%** |
| Iowa (State of) Finance Authority (Alcoa, Inc.); Series 2012, RB | 4.75% | 08/01/2042 | 5000 | &nbsp;&nbsp; 5000096 |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.); Series 2022, Ref. RB<sup>(a)(b)</sup> <br>| 5.00% | 12/01/2032 | 10215 | &nbsp;&nbsp; 11752804 |
| Iowa (State of) Tobacco Settlement Authority; Series 2021 A-2, Ref. RB | 4.00% | 06/01/2036 | 1000 | &nbsp;&nbsp; 1003060 |
|  |  |  |  | &nbsp;&nbsp; 17755960 |
| **Kansas–0.05%** | **Kansas–0.05%** | **Kansas–0.05%** | **Kansas–0.05%** | **Kansas–0.05%** |
| Wichita (City of), KS (Presbyterian Manors, Inc.); Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 1500 | &nbsp;&nbsp; 1463410 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Kentucky–1.70%** | **Kentucky–1.70%** | **Kentucky–1.70%** | **Kentucky–1.70%** | **Kentucky–1.70%** |
| Ashland (City of), KY (King's Daughters Medical Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2035 | $465 | &nbsp;&nbsp; $464850 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2036 | 380 | &nbsp;&nbsp; 377179 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 02/01/2037 | 375 | &nbsp;&nbsp; 371262 |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.38% | 02/01/2036 | 3000 | &nbsp;&nbsp; 3006798 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.50% | 02/01/2044 | 5000 | &nbsp;&nbsp; 5004161 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Next Generation Kentucky <br> Information Highway);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 07/01/2040 | 11135 | &nbsp;&nbsp; 11142364 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 01/01/2045 | 4175 | &nbsp;&nbsp; 4176127 |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.); <br> Series 2017 A, Ref. RB<br>| 5.00% | 06/01/2045 | 8950 | &nbsp;&nbsp; 8963593 |
| Kentucky (Commonwealth of) Public Energy Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(a)</sup> <br>| 4.00% | 06/01/2026 | 6000 | &nbsp;&nbsp; 6013584 |
| &nbsp;&nbsp;&nbsp; Series 2023 A-1, Ref. RB<sup>(a)</sup> <br>| 5.25% | 02/01/2032 | 5000 | &nbsp;&nbsp; 5426758 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(a)</sup> <br>| 5.00% | 07/01/2030 | 3575 | &nbsp;&nbsp; 3797139 |
|  |  |  |  | &nbsp;&nbsp; 48743815 |
| **Louisiana–1.11%** | **Louisiana–1.11%** | **Louisiana–1.11%** | **Louisiana–1.11%** | **Louisiana–1.11%** |
| Jefferson (Parish of), LA Sales Tax District; Series 2019 B, RB (INS - AGI)<sup>(g)</sup> <br>| 4.00% | 12/01/2038 | 6000 | &nbsp;&nbsp; 6076018 |
| Louisiana (State of); Series 2023 A-1, Ref. VRD RB (LOC - Toronto-dominion Bank)<sup>(l)(n)</sup> <br>| 1.25% | 05/01/2043 | 5000 | &nbsp;&nbsp; 5000000 |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge); Series 2024, RB<sup>(c)</sup> <br>| 5.50% | 09/01/2059 | 15470 | &nbsp;&nbsp; 15814277 |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation); Series 2002 B, RB<sup>(a)(b)</sup> <br>| 5.50% | 05/15/2026 | 1010 | &nbsp;&nbsp; 1023165 |
| St. John the Baptist (Parish of), LA (Marathon Oil Corp.); Subseries 2017 A-3, Ref. RB<sup>(a)</sup> <br>| 2.20% | 07/01/2026 | 4000 | &nbsp;&nbsp; 3975875 |
|  |  |  |  | &nbsp;&nbsp; 31889335 |
| **Maryland–1.69%** | **Maryland–1.69%** | **Maryland–1.69%** | **Maryland–1.69%** | **Maryland–1.69%** |
| Baltimore (City of), MD (Convention Center Hotel); Series 2017, Ref. RB | 5.00% | 09/01/2039 | 7100 | &nbsp;&nbsp; 7139772 |
| Baltimore (City of), MD (East Baltimore Research Park); Series 2017, Ref. RB | 5.00% | 09/01/2038 | 1650 | &nbsp;&nbsp; 1665863 |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 5.13% | 07/01/2037 | 1265 | &nbsp;&nbsp; 1264021 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 5.25% | 07/01/2047 | 4295 | &nbsp;&nbsp; 4051397 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(f)</sup> <br>| 5.38% | 07/01/2052 | 1530 | &nbsp;&nbsp; 1431506 |
| &nbsp;&nbsp;&nbsp; Maryland (State of) Health & Higher Educational Facilities Authority (MedStar Health); Series 2017 <br> A, RB<br>| 5.00% | 05/15/2042 | 5000 | &nbsp;&nbsp; 5053730 |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(c)</sup> <br>| 5.25% | 06/30/2047 | 14465 | &nbsp;&nbsp; 14556581 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(c)</sup> <br>| 5.25% | 06/30/2055 | 4315 | &nbsp;&nbsp; 4296038 |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 04/01/2037 | 2000 | &nbsp;&nbsp; 2006168 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.25% | 04/01/2047 | 4035 | &nbsp;&nbsp; 3645723 |
| Rockville (City of), MD (Ingleside at King Farm); Series 2017 B, RB | 5.00% | 11/01/2042 | 3500 | &nbsp;&nbsp; 3390440 |
|  |  |  |  | &nbsp;&nbsp; 48501239 |
| **Massachusetts–1.03%** | **Massachusetts–1.03%** | **Massachusetts–1.03%** | **Massachusetts–1.03%** | **Massachusetts–1.03%** |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Brown University); Series 2025, <br> RB<br>| 5.50% | 08/15/2050 | 1500 | &nbsp;&nbsp; 1562949 |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 I, Ref. RB | 5.00% | 07/01/2036 | 3000 | &nbsp;&nbsp; 3030820 |
| &nbsp;&nbsp;&nbsp; Series 2018 J-2, RB | 5.00% | 07/01/2043 | 4100 | &nbsp;&nbsp; 4194800 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute); <br> Series 2016, RB<br>| 5.00% | 12/01/2041 | 2000 | &nbsp;&nbsp; 2020830 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (International Charter School); <br> Series 2015, Ref. RB<br>| 5.00% | 04/15/2040 | 2000 | &nbsp;&nbsp; 1999942 |
| Massachusetts (Commonwealth of) Port Authority (Bosfuel); Series 2019 A, Ref. RB<sup>(c)</sup> <br>| 4.00% | 07/01/2044 | 7500 | &nbsp;&nbsp; 6997996 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Transportation Fund (Rail Enhancement Program); Series 2021 <br> A, RB<sup>(h)</sup> <br>| 4.00% | 06/01/2050 | 10000 | &nbsp;&nbsp; 9564147 |
|  |  |  |  | &nbsp;&nbsp; 29371484 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Michigan–0.40%** | **Michigan–0.40%** | **Michigan–0.40%** | **Michigan–0.40%** | **Michigan–0.40%** |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2037 | $1230 | &nbsp;&nbsp; $1246791 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 05/15/2042 | 1310 | &nbsp;&nbsp; 1308587 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 05/15/2055 | 2520 | &nbsp;&nbsp; 2298332 |
| Michigan (State of) Building Authority (Facilities Program); Series 2021 I, RB | 4.00% | 10/15/2046 | 7000 | &nbsp;&nbsp; 6635988 |
|  |  |  |  | &nbsp;&nbsp; 11489698 |
| **Minnesota–0.07%** | **Minnesota–0.07%** | **Minnesota–0.07%** | **Minnesota–0.07%** | **Minnesota–0.07%** |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy); <br> Series 2016, Ref. RB<br>| 5.75% | 09/01/2046 | 2000 | &nbsp;&nbsp; 2004840 |
| **Missouri–2.19%** | **Missouri–2.19%** | **Missouri–2.19%** | **Missouri–2.19%** | **Missouri–2.19%** |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.00% | 03/01/2049 | 11975 | &nbsp;&nbsp; 12079217 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(c)</sup> <br>| 5.00% | 03/01/2054 | 10265 | &nbsp;&nbsp; 10298041 |
| &nbsp;&nbsp;&nbsp; Kansas City (City of), MO Industrial Development Authority (Ward Parkway Center Community <br> Improvement District); Series 2016 A, Ref. RB<sup>(f)</sup> <br>| 5.00% | 04/01/2046 | 1150 | &nbsp;&nbsp; 1084616 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2042 | 1675 | &nbsp;&nbsp; 1603864 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 2900 | &nbsp;&nbsp; 2568238 |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 02/01/2046 | 4035 | &nbsp;&nbsp; 3946877 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB | 5.00% | 02/01/2042 | 3105 | &nbsp;&nbsp; 3115920 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services); <br> Series 2016 A, RB<br>| 5.00% | 02/01/2036 | 3200 | &nbsp;&nbsp; 3204139 |
| &nbsp;&nbsp;&nbsp; Missouri (State of) Health & Educational Facilities Authority (Mercy Health); Series 2017 C, Ref. <br> RB<sup>(h)</sup> <br>| 5.00% | 11/15/2047 | 15540 | &nbsp;&nbsp; 15752396 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills); <br> Series 2013 A, RB<br>| 5.88% | 09/01/2043 | 1750 | &nbsp;&nbsp; 1750656 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); <br> Series 2018 A, RB<br>| 5.13% | 09/01/2048 | 7500 | &nbsp;&nbsp; 7430592 |
|  |  |  |  | &nbsp;&nbsp; 62834556 |
| **Nebraska–1.24%** | **Nebraska–1.24%** | **Nebraska–1.24%** | **Nebraska–1.24%** | **Nebraska–1.24%** |
| Central Plains Energy Project (No. 3); Series 2017 A, Ref. RB | 5.00% | 09/01/2035 | 8140 | &nbsp;&nbsp; 8963840 |
| Omaha (City of), Airport Authority; Series 2024, RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.25% | 12/15/2054 | 11480 | &nbsp;&nbsp; 11992731 |
| Omaha (City of), NE Public Power District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 02/01/2051 | 5000 | &nbsp;&nbsp; 4592248 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - AGI)<sup>(g)</sup> <br>| 4.00% | 02/01/2051 | 5000 | &nbsp;&nbsp; 4632134 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB | 5.25% | 02/01/2053 | 5000 | &nbsp;&nbsp; 5286543 |
|  |  |  |  | &nbsp;&nbsp; 35467496 |
| **Nevada–0.28%** | **Nevada–0.28%** | **Nevada–0.28%** | **Nevada–0.28%** | **Nevada–0.28%** |
| Las Vegas Valley Water District; Series 2025, GO Bonds<sup>(h)</sup> <br>| 5.25% | 06/01/2055 | 5000 | &nbsp;&nbsp; 5359521 |
| &nbsp;&nbsp;&nbsp; Nevada (State of) Department of Business & Industry (Doral Academy of Nevada); Series 2017 A, <br> RB<br>| 5.00% | 07/15/2047 | 2900 | &nbsp;&nbsp; 2709204 |
|  |  |  |  | &nbsp;&nbsp; 8068725 |
| **New Hampshire–0.92%** | **New Hampshire–0.92%** | **New Hampshire–0.92%** | **New Hampshire–0.92%** | **New Hampshire–0.92%** |
| New Hampshire (State of) Business Finance Authority; Series 2020-1A, RB | 4.13% | 01/20/2034 | 4537 | &nbsp;&nbsp; 4619605 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Covanta Green Bonds); Series 2020 B, Ref. <br> RB<sup>(a)(c)(f)</sup> <br>| 3.75% | 07/02/2040 | 1205 | &nbsp;&nbsp; 992079 |
| New Hampshire (State of) Business Finance Authority (Covanta); Series 2020 A, Ref. RB<sup>(a)(f)</sup> <br>| 3.63% | 07/02/2040 | 740 | &nbsp;&nbsp; 607442 |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 6427 | &nbsp;&nbsp; 6365861 |
| New Hampshire (State of) Business Finance Authority (Social Certificates); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, RB<sup>(a)</sup> <br>| 4.15% | 10/01/2034 | 1000 | &nbsp;&nbsp; 996723 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Revenue Ctfs. | 4.16% | 10/01/2051 | 4960 | &nbsp;&nbsp; 4907675 |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch); Series 2024, RB<sup>(f)(i)</sup> <br>| 0.00% | 12/01/2034 | 10235 | &nbsp;&nbsp; 5757533 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, <br> Inc.); Series 2024, RB<sup>(f)</sup> <br>| 5.63% | 12/15/2033 | 1930 | &nbsp;&nbsp; 1984844 |
|  |  |  |  | &nbsp;&nbsp; 26231762 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New Jersey–3.66%** | **New Jersey–3.66%** | **New Jersey–3.66%** | **New Jersey–3.66%** | **New Jersey–3.66%** |
| Garden State Preservation Trust; Series 2005 A, RB (INS - AGI)<sup>(g)</sup> <br>| 5.75% | 11/01/2028 | $3805 | &nbsp;&nbsp; $4013754 |
| Hudson County Improvement Authority (Hudson County Courthouse); Series 2020, RB | 4.00% | 10/01/2046 | 10000 | &nbsp;&nbsp; 9562536 |
| &nbsp;&nbsp;&nbsp; Middlesex (County of), NJ Improvement Authority (Rutgers University) (New Jersey Health & Life <br> Science Exchange); Series 2023 A, RB<sup>(h)</sup> <br>| 5.00% | 08/15/2053 | 10000 | &nbsp;&nbsp; 10477020 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement); <br> Series 2013, RB<sup>(c)</sup> <br>| 5.38% | 01/01/2043 | 1500 | &nbsp;&nbsp; 1501369 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group); <br> Series 2024 A, Ref. RB<br>| 5.25% | 07/01/2054 | 5000 | &nbsp;&nbsp; 5306432 |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 12/15/2026 | 10000 | &nbsp;&nbsp; 9714236 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB (INS - NATL)<sup>(g)(i)</sup> <br>| 0.00% | 12/15/2031 | 7410 | &nbsp;&nbsp; 6154994 |
| &nbsp;&nbsp;&nbsp; Series 2014, RN | 5.00% | 06/15/2032 | 3000 | &nbsp;&nbsp; 3188371 |
| &nbsp;&nbsp;&nbsp; Series 2019 BB, RB | 5.00% | 06/15/2044 | 5000 | &nbsp;&nbsp; 5115663 |
| &nbsp;&nbsp;&nbsp; Series 2019 BB, RB | 4.00% | 06/15/2050 | 6930 | &nbsp;&nbsp; 6385725 |
| &nbsp;&nbsp;&nbsp; Series 2020 AA, RB | 4.00% | 06/15/2050 | 10000 | &nbsp;&nbsp; 9214610 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(a)(b)</sup> <br>| 5.50% | 12/15/2032 | 5000 | &nbsp;&nbsp; 5972867 |
| New Jersey (State of) Turnpike Authority; Series 2022 B, RB | 5.25% | 01/01/2052 | 12000 | &nbsp;&nbsp; 12741901 |
| New Jersey Turnpike Authority; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.25% | 01/01/2055 | 8050 | &nbsp;&nbsp; 8691660 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2046 | 1605 | &nbsp;&nbsp; 1597566 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.25% | 06/01/2046 | 5350 | &nbsp;&nbsp; 5367371 |
|  |  |  |  | &nbsp;&nbsp; 105006075 |
| **New Mexico–0.07%** | **New Mexico–0.07%** | **New Mexico–0.07%** | **New Mexico–0.07%** | **New Mexico–0.07%** |
| &nbsp;&nbsp;&nbsp; New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare); Series 2008, <br> VRD Ref. RB<sup>(l)</sup> <br>| 1.40% | 08/01/2034 | 2000 | &nbsp;&nbsp; 2000000 |
| **New York–12.49%** | **New York–12.49%** | **New York–12.49%** | **New York–12.49%** | **New York–12.49%** |
| Brooklyn Arena Local Development Corp. (Barclays Center); Series 2009, RB<sup>(i)</sup> <br>| 0.00% | 07/15/2035 | 5000 | &nbsp;&nbsp; 3424216 |
| Erie Tobacco Asset Securitization Corp.; Series 2005 A, RB | 5.00% | 06/01/2045 | 5850 | &nbsp;&nbsp; 4851635 |
| Hudson Yards Infrastructure Corp.; Series 2017 A, Ref. RB | 4.00% | 02/15/2044 | 5000 | &nbsp;&nbsp; 4828622 |
| Metropolitan Transportation Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 D-3, RB | 4.00% | 11/15/2050 | 10000 | &nbsp;&nbsp; 9088214 |
| &nbsp;&nbsp;&nbsp; Series 2020 E, Ref. RB | 4.00% | 11/15/2045 | 5000 | &nbsp;&nbsp; 4603183 |
| Monroe County Industrial Development Corp. (St. Ann's Community); Series 2019, Ref. RB | 5.00% | 01/01/2050 | 2015 | &nbsp;&nbsp; 1785956 |
| New York & New Jersey (States of) Port Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ninety-Third Series 1994, RB | 6.13% | 06/01/2094 | 5250 | &nbsp;&nbsp; 5258866 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 11/01/2049 | 6500 | &nbsp;&nbsp; 6635446 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 E-1, GO Bonds | 5.00% | 03/01/2041 | 2695 | &nbsp;&nbsp; 2757153 |
| &nbsp;&nbsp;&nbsp; Series 2021 F-1, GO Bonds | 5.00% | 03/01/2050 | 10000 | &nbsp;&nbsp; 10179697 |
| &nbsp;&nbsp;&nbsp; Series 2022 A-1, GO Bonds | 5.25% | 09/01/2043 | 7500 | &nbsp;&nbsp; 8024388 |
| &nbsp;&nbsp;&nbsp; Subseries 2019 A-1, GO Bonds | 4.00% | 08/01/2042 | 11930 | &nbsp;&nbsp; 11640596 |
| New York (City of), NY Municipal Water Finance Authority; Series 2024 AA, RB | 5.25% | 06/15/2053 | 5000 | &nbsp;&nbsp; 5306828 |
| New York (City of), NY Transitional Finance Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB | 4.00% | 11/01/2042 | 10000 | &nbsp;&nbsp; 9814832 |
| &nbsp;&nbsp;&nbsp; Series 2022 C-1, RB | 4.00% | 02/01/2051 | 6000 | &nbsp;&nbsp; 5463482 |
| &nbsp;&nbsp;&nbsp; Series 2023 F-1, RB | 5.00% | 02/01/2042 | 5000 | &nbsp;&nbsp; 5346507 |
| &nbsp;&nbsp;&nbsp; Subseries 2012 C-4, VRD RB<sup>(l)</sup> <br>| 1.40% | 11/01/2036 | 5000 | &nbsp;&nbsp; 5000000 |
| New York (State of) Dormitory Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)(b)</sup> <br>| 4.00% | 03/15/2032 | 630 | &nbsp;&nbsp; 683106 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 03/15/2040 | 10225 | &nbsp;&nbsp; 10266245 |
| New York (State of) Thruway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB | 4.00% | 01/01/2050 | 10000 | &nbsp;&nbsp; 9140536 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.00% | 03/15/2051 | 7000 | &nbsp;&nbsp; 7302813 |
| New York City Health and Hospitals Corp. (Green Bonds); Series 2023, RB | 4.80% | 02/01/2053 | 10000 | &nbsp;&nbsp; 10023504 |
| New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB | 5.75% | 06/01/2043 | 10000 | &nbsp;&nbsp; 9731410 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-1, Ref. RB<sup>(f)</sup> <br>| 5.00% | 11/15/2044 | 10905 | &nbsp;&nbsp; 10905040 |
| New York State Urban Development Corp.; Series 2020 A, RB | 4.00% | 03/15/2049 | 10045 | &nbsp;&nbsp; 9276218 |
| New York State Urban Development Corp. (Bidding Group 3); Series 2021 A, Ref. RB | 4.00% | 03/15/2045 | 10000 | &nbsp;&nbsp; 9433442 |

---

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

**Invesco Municipal Income 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)** |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy <br> International Airport); Series 2016, Ref. RB<sup>(c)</sup> <br>| 5.00% | 08/01/2026 | $4615 | &nbsp;&nbsp; $4616198 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D <br> Redevelopment);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2034 | 6970 | &nbsp;&nbsp; 7123162 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB<sup>(c)</sup> <br>| 4.38% | 10/01/2045 | 4165 | &nbsp;&nbsp; 3929745 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal <br> One) (Green Bonds);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 06/30/2054 | 15000 | &nbsp;&nbsp; 15604126 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.38% | 06/30/2060 | 8215 | &nbsp;&nbsp; 8244351 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.50% | 06/30/2054 | 2875 | &nbsp;&nbsp; 2917696 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.50% | 06/30/2060 | 10000 | &nbsp;&nbsp; 10135992 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (John F. Kennedy International Airport) (Green <br> Bonds); Series 2025, RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.50% | 06/30/2059 | 6000 | &nbsp;&nbsp; 6296942 |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB<sup>(c)</sup> <br>| 5.25% | 01/01/2050 | 14815 | &nbsp;&nbsp; 14814846 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 6.00% | 04/01/2035 | 10000 | &nbsp;&nbsp; 11041004 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2036 | 1275 | &nbsp;&nbsp; 1367382 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2037 | 2700 | &nbsp;&nbsp; 2876164 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(g)(k)</sup> <br>| 5.00% | 12/31/2054 | 1500 | &nbsp;&nbsp; 980684 |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(c)(g)</sup> <br>| 5.25% | 12/31/2054 | 9305 | &nbsp;&nbsp; 9466512 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.50% | 12/31/2060 | 10000 | &nbsp;&nbsp; 10222315 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (Terminal 4 John F. Kennedy International Airport); <br> Series 2022, RB<sup>(c)</sup> <br>| 5.00% | 12/01/2038 | 7875 | &nbsp;&nbsp; 8338504 |
| Onondaga Civic Development Corp.; Series 2025, RB | 5.50% | 12/01/2056 | 5000 | &nbsp;&nbsp; 5496984 |
| Rockland Tobacco Asset Securitization Corp.; Series 2005 A, RB<sup>(f)(i)</sup> <br>| 0.00% | 08/15/2045 | 52470 | &nbsp;&nbsp; 15965545 |
| Suffolk Regional Off-Track Betting Corp.; Series 2024, RB | 6.00% | 12/01/2053 | 5170 | &nbsp;&nbsp; 5249823 |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1A, RB | 5.00% | 05/15/2051 | 4115 | &nbsp;&nbsp; 4252071 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.25% | 05/15/2057 | 5000 | &nbsp;&nbsp; 5231079 |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 12/01/2054 | 1500 | &nbsp;&nbsp; 1591047 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB (INS - AGI)<sup>(g)</sup> <br>| 4.50% | 12/01/2056 | 1500 | &nbsp;&nbsp; 1487798 |
| TSASC, Inc.; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 19905 | &nbsp;&nbsp; 17704166 |
| Westchester County Local Development Corp.; Series 2025, RB | 7.50% | 11/01/2055 | 2000 | &nbsp;&nbsp; 2210736 |
|  |  |  |  | &nbsp;&nbsp; 357936807 |
| **North Carolina–0.25%** | **North Carolina–0.25%** | **North Carolina–0.25%** | **North Carolina–0.25%** | **North Carolina–0.25%** |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 10/01/2040 | 1050 | &nbsp;&nbsp; 1050132 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.00% | 10/01/2045 | 1000 | &nbsp;&nbsp; 947552 |
| North Carolina (State of) Turnpike Authority; Series 2018, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 01/01/2038 | 5000 | &nbsp;&nbsp; 5215262 |
|  |  |  |  | &nbsp;&nbsp; 7212946 |
| **North Dakota–0.37%** | **North Dakota–0.37%** | **North Dakota–0.37%** | **North Dakota–0.37%** | **North Dakota–0.37%** |
| Burleigh (County of), ND (University of Mary); Series 2016, RB | 5.20% | 04/15/2046 | 1520 | &nbsp;&nbsp; 1446788 |
| North Dakota (State of) Housing Finance Agency (Social Bonds); Series 2024 C, RB | 6.25% | 01/01/2055 | 2895 | &nbsp;&nbsp; 3225898 |
| Ward (County of), ND (Trinity Obligated Group); Series 2017 C, RB | 5.00% | 06/01/2048 | 6065 | &nbsp;&nbsp; 5796485 |
|  |  |  |  | &nbsp;&nbsp; 10469171 |
| **Ohio–3.89%** | **Ohio–3.89%** | **Ohio–3.89%** | **Ohio–3.89%** | **Ohio–3.89%** |
| &nbsp;&nbsp;&nbsp; Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group); <br> Series 2016, Ref. RB<sup>(a)(b)</sup> <br>| 5.25% | 11/15/2026 | 5000 | &nbsp;&nbsp; 5127835 |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A-2, Ref. RB | 4.00% | 06/01/2048 | 4040 | &nbsp;&nbsp; 3514606 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 20240 | &nbsp;&nbsp; 17073005 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-3, Ref. RB<sup>(i)</sup> <br>| 0.00% | 06/01/2057 | 21475 | &nbsp;&nbsp; 1886809 |
| Centerville (City of), OH (Graceworks Lutheran Services); Series 2017, Ref. RB | 5.25% | 11/01/2047 | 5400 | &nbsp;&nbsp; 5141944 |

---

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

**Invesco Municipal Income 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)** |
| Columbus Regional Airport Authority (John Glenn Columbus International Airport); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.50% | 01/01/2050 | $10000 | &nbsp;&nbsp; $10631743 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(c)</sup> <br>| 5.50% | 01/01/2055 | 15750 | &nbsp;&nbsp; 16673131 |
| County of Franklin OH; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 11/01/2055 | 8835 | &nbsp;&nbsp; 9345742 |
| Cuyahoga (County of), OH (MetroHealth System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 02/15/2037 | 5600 | &nbsp;&nbsp; 5644231 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.50% | 02/15/2057 | 7000 | &nbsp;&nbsp; 6948537 |
| Hamilton (County of), OH (Life Enriching Communities); Series 2016, Ref. RB | 5.00% | 01/01/2051 | 1695 | &nbsp;&nbsp; 1622315 |
| Lucas (County of), OH (ProMedica Healthcare System); Series 2018 A, Ref. RB | 5.25% | 11/15/2048 | 1500 | &nbsp;&nbsp; 1476285 |
| Montgomery (County of), OH (Dayton Children's Hospital); Series 2021, Ref. RB | 4.00% | 08/01/2046 | 2500 | &nbsp;&nbsp; 2353945 |
| Muskingum (County of), OH (Genesis Healthcare System); Series 2013, RB | 5.00% | 02/15/2044 | 7740 | &nbsp;&nbsp; 7696713 |
| Ohio (State of) (Portsmouth Bypass); Series 2015, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2025 | 1040 | &nbsp;&nbsp; 1041177 |
| Ohio (State of) Air Quality Development Authority (Pratt Paper LLC); Series 2017, RB<sup>(c)(f)</sup> <br>| 4.50% | 01/15/2048 | 2000 | &nbsp;&nbsp; 1872566 |
| Ohio (State of) Higher Educational Facility Commission (Xavier University); Series 2024, Ref. RB | 5.25% | 05/01/2054 | 1215 | &nbsp;&nbsp; 1242036 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Housing Finance Agency (Covenant House Apartments); Series 2008 C, RB (CEP - <br> GNMA)<sup>(c)</sup> <br>| 6.10% | 09/20/2049 | 2845 | &nbsp;&nbsp; 2846420 |
| &nbsp;&nbsp;&nbsp; Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds); <br> Series 2021 A, RB<br>| 4.00% | 12/01/2046 | 6540 | &nbsp;&nbsp; 6341468 |
| &nbsp;&nbsp;&nbsp; Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University); <br> Series 2015, Ref. RB<br>| 6.00% | 03/01/2045 | 3000 | &nbsp;&nbsp; 2928997 |
|  |  |  |  | &nbsp;&nbsp; 111409505 |
| **Oklahoma–1.90%** | **Oklahoma–1.90%** | **Oklahoma–1.90%** | **Oklahoma–1.90%** | **Oklahoma–1.90%** |
| Oklahoma (State of) Development Finance Authority (OU Medicine); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.25% | 08/15/2043 | 8500 | &nbsp;&nbsp; 8562223 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.50% | 08/15/2052 | 6000 | &nbsp;&nbsp; 6024973 |
| Oklahoma (State of) Turnpike Authority (Senior Bonds); Series 2025 A, RB | 5.50% | 01/01/2054 | 13000 | &nbsp;&nbsp; 14142814 |
| Oklahoma (State of) Water Resources Board (2019 Master Trust); Series 2023, RB | 4.13% | 04/01/2053 | 3700 | &nbsp;&nbsp; 3483332 |
| Oklahoma Municipal Power Authority; Series 2025, RB (INS - AGI)<sup>(g)(h)(j)</sup> <br>| 5.25% | 01/01/2056 | 8850 | &nbsp;&nbsp; 9435269 |
| Tulsa (City of), OK Airports Improvement Trust; Series 2001 C, Ref. RB<sup>(c)</sup> <br>| 5.50% | 12/01/2035 | 7500 | &nbsp;&nbsp; 7505288 |
| Tulsa Municipal Airport Trust Trustees (American Airlines, Inc.); Series 2025, Ref. RB<sup>(c)</sup> <br>| 6.25% | 12/01/2035 | 4500 | &nbsp;&nbsp; 5192981 |
|  |  |  |  | &nbsp;&nbsp; 54346880 |
| **Oregon–0.95%** | **Oregon–0.95%** | **Oregon–0.95%** | **Oregon–0.95%** | **Oregon–0.95%** |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 05/15/2048 | 1090 | &nbsp;&nbsp; 1021968 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 05/15/2052 | 500 | &nbsp;&nbsp; 457949 |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.13% | 11/15/2040 | 1000 | &nbsp;&nbsp; 1005929 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, Ref. RB | 5.25% | 11/15/2050 | 1250 | &nbsp;&nbsp; 1213095 |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2047 | 2415 | &nbsp;&nbsp; 2261114 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2052 | 2960 | &nbsp;&nbsp; 2707087 |
| Morrow (Port of), OR; Series 2024 A, GO Bonds<sup>(f)</sup> <br>| 5.15% | 10/01/2026 | 2000 | &nbsp;&nbsp; 2000191 |
| Oregon (State of); Series 2020 M, VRD GO Bonds<sup>(l)</sup> <br>| 1.20% | 12/01/2044 | 400 | &nbsp;&nbsp; 400000 |
| Portland (Port of), OR (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2054 | 10500 | &nbsp;&nbsp; 10919301 |
| &nbsp;&nbsp;&nbsp; Twenty Ninth Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 07/01/2053 | 5000 | &nbsp;&nbsp; 5262625 |
|  |  |  |  | &nbsp;&nbsp; 27249259 |
| **Pennsylvania–4.78%** | **Pennsylvania–4.78%** | **Pennsylvania–4.78%** | **Pennsylvania–4.78%** | **Pennsylvania–4.78%** |
| Allegheny (County of), PA Airport Authority; Series 2021 A, RB<sup>(c)</sup> <br>| 5.00% | 01/01/2056 | 15000 | &nbsp;&nbsp; 15033235 |
| &nbsp;&nbsp;&nbsp; Allegheny (County of), PA Higher Education Building Authority (Carnegie Mellon University); <br> Series 2008, VRD Ref. RB<sup>(l)</sup> <br>| 1.20% | 12/01/2037 | 1050 | &nbsp;&nbsp; 1050000 |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 4.00% | 09/01/2049 | 5535 | &nbsp;&nbsp; 4982361 |
| &nbsp;&nbsp;&nbsp; Series 2022, Ref. RB | 5.00% | 05/01/2057 | 5345 | &nbsp;&nbsp; 5382910 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson <br> Co.); Series 2014, Ref. RB<sup>(c)</sup> <br>| 5.50% | 11/01/2044 | 3300 | &nbsp;&nbsp; 3301305 |

---

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

**Invesco Municipal Income 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) Economic Development Financing Authority (Penndot Major <br> Bridges); Series 2022, RB<sup>(c)</sup> <br>| 5.25% | 06/30/2053 | $12000 | &nbsp;&nbsp; $12205962 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Higher Educational Facilities Authority (Thomas Jefferson <br> University); Series 2024, VRD RB (LOC - PNC Bank N.A.)<sup>(l)(n)</sup> <br>| 1.40% | 11/01/2061 | 700 | &nbsp;&nbsp; 700000 |
| Pennsylvania (Commonwealth of) Housing Finance Agency (Social Bonds); Series 2024-145A, RB | 6.00% | 10/01/2054 | 3865 | &nbsp;&nbsp; 4186265 |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District); <br> Series 2016 A, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 06/01/2032 | 5000 | &nbsp;&nbsp; 5087315 |
| Pennsylvania (Commonwealth of) Turnpike Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A-2, RB | 5.13% | 12/01/2040 | 5500 | &nbsp;&nbsp; 5799813 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.50% | 12/01/2046 | 10000 | &nbsp;&nbsp; 10134901 |
| &nbsp;&nbsp;&nbsp; Series 2017 A-1, RB | 5.00% | 12/01/2042 | 2500 | &nbsp;&nbsp; 2557516 |
| &nbsp;&nbsp;&nbsp; Series 2017 B-1, RB | 5.25% | 06/01/2047 | 9875 | &nbsp;&nbsp; 10026782 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 5.00% | 12/01/2045 | 2000 | &nbsp;&nbsp; 2093112 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 12/01/2051 | 8500 | &nbsp;&nbsp; 7800701 |
| &nbsp;&nbsp;&nbsp; Series 2021 B, Ref. RB | 4.00% | 12/01/2053 | 5995 | &nbsp;&nbsp; 5441593 |
| Pennsylvania Housing Finance Agency; Series 2025, RB<sup>(h)</sup> <br>| 5.15% | 10/01/2050 | 12000 | &nbsp;&nbsp; 12220624 |
| Philadelphia (City of), PA Authority for Industrial Development; Series 2025, RB<sup>(h)</sup> <br>| 5.50% | 07/01/2053 | 11000 | &nbsp;&nbsp; 11901794 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); <br> Series 2022, RB<br>| 5.25% | 11/01/2047 | 8000 | &nbsp;&nbsp; 8323429 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University); <br> Series 2017 A, Ref. RB<br>| 5.00% | 09/01/2047 | 3500 | &nbsp;&nbsp; 3523611 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated <br> Group); Series 2017, Ref. RB<br>| 5.00% | 07/01/2042 | 3000 | &nbsp;&nbsp; 2901587 |
| Philadelphia School District (The); Series 2007 A, Ref. GO Bonds (INS - NATL)<sup>(g)</sup> <br>| 5.00% | 06/01/2026 | 2360 | &nbsp;&nbsp; 2387204 |
|  |  |  |  | &nbsp;&nbsp; 137042020 |
| **Puerto Rico–1.26%** | **Puerto Rico–1.26%** | **Puerto Rico–1.26%** | **Puerto Rico–1.26%** | **Puerto Rico–1.26%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 3920 | &nbsp;&nbsp; 3973807 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 1250 | &nbsp;&nbsp; 1270613 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(i)</sup> <br>| 0.00% | 05/15/2057 | 54915 | &nbsp;&nbsp; 2623334 |
| &nbsp;&nbsp;&nbsp; Series 2008 B, RB<sup>(i)</sup> <br>| 0.00% | 05/15/2057 | 260000 | &nbsp;&nbsp; 7858968 |
| Puerto Rico (Commonwealth of); Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 | 5000 | &nbsp;&nbsp; 4448930 |
| Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 VV, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 5.25% | 07/01/2031 | 2700 | &nbsp;&nbsp; 2753791 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.55% | 07/01/2040 | 1582 | &nbsp;&nbsp; 1578991 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(i)</sup> <br>| 0.00% | 07/01/2046 | 21000 | &nbsp;&nbsp; 7160952 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 | 4500 | &nbsp;&nbsp; 4387346 |
|  |  |  |  | &nbsp;&nbsp; 36056732 |
| **Rhode Island–0.30%** | **Rhode Island–0.30%** | **Rhode Island–0.30%** | **Rhode Island–0.30%** | **Rhode Island–0.30%** |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 05/15/2049 | 1825 | &nbsp;&nbsp; 1862958 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.25% | 05/15/2054 | 6555 | &nbsp;&nbsp; 6667099 |
|  |  |  |  | &nbsp;&nbsp; 8530057 |
| **South Carolina–1.80%** | **South Carolina–1.80%** | **South Carolina–1.80%** | **South Carolina–1.80%** | **South Carolina–1.80%** |
| Patriots Energy Group Financing Agency; Series 2023 A-1, RB<sup>(a)</sup> <br>| 5.25% | 08/01/2031 | 7250 | &nbsp;&nbsp; 7905107 |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 05/01/2028 | 1255 | &nbsp;&nbsp; 1252603 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 5.00% | 05/01/2037 | 2860 | &nbsp;&nbsp; 2734499 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group); <br> Series 2018 A, Ref. RB<br>| 5.00% | 05/01/2043 | 15000 | &nbsp;&nbsp; 15281697 |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (Rolling Green Village); <br> Series 2025, RB<br>| 5.75% | 12/01/2060 | 915 | &nbsp;&nbsp; 911005 |
| South Carolina (State of) Jobs-Economic Development Authority (Novant Health Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 11/01/2048 | 2500 | &nbsp;&nbsp; 2699169 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.50% | 11/01/2050 | 10000 | &nbsp;&nbsp; 10703987 |
| South Carolina (State of) Public Service Authority; Series 2021 B, RB | 5.00% | 12/01/2040 | 3300 | &nbsp;&nbsp; 3478667 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** | **South Carolina–(continued)** |
| South Carolina (State of) Public Service Authority (Santee Cooper); Series 2024 B, Ref. RB | 5.25% | 12/01/2054 | $6250 | &nbsp;&nbsp; $6575279 |
|  |  |  |  | &nbsp;&nbsp; 51542013 |
| **Tennessee–0.90%** | **Tennessee–0.90%** | **Tennessee–0.90%** | **Tennessee–0.90%** | **Tennessee–0.90%** |
| &nbsp;&nbsp;&nbsp; Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee); <br> Series 2024 A-1, RB (INS - BAM)<sup>(g)</sup> <br>| 5.25% | 07/01/2049 | 1250 | &nbsp;&nbsp; 1301012 |
| Metropolitan Nashville Airport Authority (The); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2044 | 5000 | &nbsp;&nbsp; 5080228 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(c)</sup> <br>| 5.50% | 07/01/2052 | 11250 | &nbsp;&nbsp; 11806485 |
| &nbsp;&nbsp;&nbsp; Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, <br> Inc.);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.00% | 12/01/2034 | 1000 | &nbsp;&nbsp; 999902 |
| &nbsp;&nbsp;&nbsp; Series 2014, RB | 5.25% | 12/01/2044 | 1165 | &nbsp;&nbsp; 1073282 |
| Tennessee Energy Acquisition Corp.; Series 2021 A, RB<sup>(a)</sup> <br>| 5.00% | 11/01/2031 | 5000 | &nbsp;&nbsp; 5392210 |
|  |  |  |  | &nbsp;&nbsp; 25653119 |
| **Texas–11.20%** | **Texas–11.20%** | **Texas–11.20%** | **Texas–11.20%** | **Texas–11.20%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); Series 2025, Ref. <br> RB<sup>(f)</sup> <br>| 5.75% | 06/15/2055 | 1000 | &nbsp;&nbsp; 1010644 |
| Arlington Higher Education Finance Corp. (Universal Academy); Series 2014 A, RB | 7.00% | 03/01/2034 | 1000 | &nbsp;&nbsp; 1000798 |
| Board of Regents of the University of Texas System; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, RB | 5.00% | 08/15/2049 | 15000 | &nbsp;&nbsp; 16921636 |
| &nbsp;&nbsp;&nbsp; Series 2025 B, RB | 5.00% | 08/15/2051 | 5000 | &nbsp;&nbsp; 5328485 |
| &nbsp;&nbsp;&nbsp; Canutillo Independent School District/TX; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<sup>(h)</sup> <br>| 5.25% | 02/15/2060 | 6500 | &nbsp;&nbsp; 6950334 |
| &nbsp;&nbsp;&nbsp; Cypress-Fairbanks Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent <br> School Fund)<br>| 4.00% | 02/15/2048 | 6750 | &nbsp;&nbsp; 6362100 |
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport); Series 2022 B, Ref. RB | 4.00% | 11/01/2045 | 5000 | &nbsp;&nbsp; 4772297 |
| El Paso (City of), TX; Series 2022 A, RB | 4.00% | 03/01/2048 | 10000 | &nbsp;&nbsp; 9402491 |
| Forney Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 08/15/2053 | 16110 | &nbsp;&nbsp; 14771615 |
| Grand Parkway Transportation Corp.; Series 2020, Ref. RB | 4.00% | 10/01/2049 | 10300 | &nbsp;&nbsp; 9571057 |
| Greater Texoma Utility Authority (City of Sherman); Series 2023 A, RB (INS - BAM)<sup>(g)</sup> <br>| 5.25% | 10/01/2048 | 10750 | &nbsp;&nbsp; 11318345 |
| Harris (County of), TX; Series 2007 C, Ref. GO Bonds (INS - AGI)<sup>(g)</sup> <br>| 5.25% | 08/15/2031 | 6665 | &nbsp;&nbsp; 7597963 |
| Harris (County of), TX Port Authority of Houston; Series 2021, RB | 4.00% | 10/01/2046 | 7065 | &nbsp;&nbsp; 6610945 |
| Harris (County of), TX Toll Road Authority (The); Series 2021, Ref. RB | 4.00% | 08/15/2050 | 7725 | &nbsp;&nbsp; 7100735 |
| Harris County Hospital District; Series 2025, GO Bonds<sup>(h)</sup> <br>| 5.50% | 02/15/2050 | 7000 | &nbsp;&nbsp; 7644123 |
| Houston (City of), TX (United Airlines, Inc.); Series 2021 B-1, RB<sup>(c)</sup> <br>| 4.00% | 07/15/2041 | 5550 | &nbsp;&nbsp; 5052117 |
| Houston (City of), TX Airport System (United Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 07/15/2028 | 8250 | &nbsp;&nbsp; 8485709 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/15/2027 | 1500 | &nbsp;&nbsp; 1526108 |
| &nbsp;&nbsp;&nbsp; Series 2020 C, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/15/2027 | 3875 | &nbsp;&nbsp; 3942447 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(c)</sup> <br>| 5.50% | 07/15/2039 | 10000 | &nbsp;&nbsp; 10751956 |
| Houston (City of), TX Convention & Entertainment Facilities Department; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 B, RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 09/01/2026 | 8750 | &nbsp;&nbsp; 8552950 |
| &nbsp;&nbsp;&nbsp; Series 2001 B, RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 09/01/2027 | 3600 | &nbsp;&nbsp; 3409362 |
| Jarrell Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.25% | 02/15/2053 | 9460 | &nbsp;&nbsp; 8977859 |
| Katy Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School Fund) | 4.00% | 02/15/2053 | 6025 | &nbsp;&nbsp; 5609152 |
| Lamar Consolidated Independent School District; Series 2023, GO Bonds | 4.00% | 02/15/2053 | 5000 | &nbsp;&nbsp; 4626980 |
| Love Field Airport Modernization Corp. (Southwest Airlines Co.); Series 2012, RB<sup>(c)</sup> <br>| 5.00% | 11/01/2028 | 1070 | &nbsp;&nbsp; 1070562 |
| Lower Colorado River Authority (LCRA Transmission Services Corp.); Series 2022, Ref. RB | 6.00% | 05/15/2052 | 4265 | &nbsp;&nbsp; 4642467 |
| Magnolia Independent School District; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds<sup>(a)(b)</sup> <br>| 4.00% | 08/15/2032 | 330 | &nbsp;&nbsp; 358703 |
| &nbsp;&nbsp;&nbsp; Series 2023, GO Bonds | 4.00% | 08/15/2047 | 5825 | &nbsp;&nbsp; 5567287 |
| &nbsp;&nbsp;&nbsp; Mansfield Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<sup>(h)</sup> <br>| 5.25% | 02/15/2055 | 5000 | &nbsp;&nbsp; 5361871 |
| &nbsp;&nbsp;&nbsp; Medina Valley Independent School District; Series 2023, GO Bonds (CEP - Texas Permanent School <br> Fund)<br>| 4.00% | 02/15/2053 | 5500 | &nbsp;&nbsp; 5039071 |

---

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

**Invesco Municipal Income 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)** |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(d)</sup> <br>| 5.13% | 02/15/2030 | $592 | &nbsp;&nbsp; $5922 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB<sup>(d)</sup> <br>| 5.13% | 02/15/2042 | 723 | &nbsp;&nbsp; 7225 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB<sup>(d)</sup> <br>| 5.00% | 02/15/2030 | 95 | &nbsp;&nbsp; 948 |
| Mission Economic Development Corp. (Natgasoline); Series 2018, Ref. RB<sup>(c)(f)</sup> <br>| 4.63% | 10/01/2031 | 9335 | &nbsp;&nbsp; 9362607 |
| New Hope Cultural Education Facilities Finance Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2055 | 3600 | &nbsp;&nbsp; 3732515 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 6.50% | 10/01/2060 | 2500 | &nbsp;&nbsp; 2582350 |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, RB (Acquired 11/24/2021; Cost $15,000)<sup>(d)(e)</sup> <br>| 7.50% | 11/15/2037 | 15 | &nbsp;&nbsp; 15000 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB (Acquired 07/27/2007-11/19/2025; Cost $361,288)<sup>(d)(e)</sup> <br>| 2.00% | 11/15/2061 | 373 | &nbsp;&nbsp; 160515 |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village); Series 2017, Ref. RB | 5.00% | 01/01/2047 | 3000 | &nbsp;&nbsp; 2926484 |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 11/15/2026 | 305 | &nbsp;&nbsp; 303484 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.38% | 11/15/2036 | 865 | &nbsp;&nbsp; 833063 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2046 | 1250 | &nbsp;&nbsp; 1092918 |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2035 | 1820 | &nbsp;&nbsp; 1826185 |
| &nbsp;&nbsp;&nbsp; Series 2018, Ref. RB | 5.00% | 10/01/2039 | 3260 | &nbsp;&nbsp; 3228778 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 5.25% | 10/01/2055 | 4995 | &nbsp;&nbsp; 4608540 |
| North East Texas Regional Mobility Authority; Series 2016, RB<sup>(a)(b)</sup> <br>| 5.00% | 01/01/2026 | 3400 | &nbsp;&nbsp; 3406292 |
| North Texas Tollway Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 01/01/2028 | 12800 | &nbsp;&nbsp; 12033445 |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 01/01/2029 | 2165 | &nbsp;&nbsp; 1973675 |
| &nbsp;&nbsp;&nbsp; Series 2008 D, Ref. RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 01/01/2031 | 4710 | &nbsp;&nbsp; 4033530 |
| &nbsp;&nbsp;&nbsp; Northwest Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School <br> Fund)<sup>(h)</sup> <br>| 5.25% | 02/15/2055 | 4000 | &nbsp;&nbsp; 4280072 |
| &nbsp;&nbsp;&nbsp; Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC); <br> Series 2016 A, RB<br>| 5.00% | 08/15/2046 | 3000 | &nbsp;&nbsp; 2756497 |
| &nbsp;&nbsp;&nbsp; Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); Series 2016, <br> RB<br>| 5.75% | 09/15/2036 | 145 | &nbsp;&nbsp; 145779 |
| San Antonio (City of), TX; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)</sup> <br>| 5.25% | 02/01/2046 | 5250 | &nbsp;&nbsp; 5558787 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(h)(j)</sup> <br>| 5.50% | 02/01/2050 | 5000 | &nbsp;&nbsp; 5381539 |
| San Jacinto River Authority (Groundwater Reduction Plan Division); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011, RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 10/01/2032 | 1250 | &nbsp;&nbsp; 1251391 |
| &nbsp;&nbsp;&nbsp; Series 2011, RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 10/01/2037 | 1000 | &nbsp;&nbsp; 1000923 |
| Spring Independent School District; Series 2023, GO Bonds | 4.00% | 08/15/2052 | 5000 | &nbsp;&nbsp; 4695895 |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB<sup>(d)</sup> <br>| 5.75% | 02/15/2029 | 1500 | &nbsp;&nbsp; 1185000 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 6.38% | 02/15/2048 | 1000 | &nbsp;&nbsp; 790000 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(d)</sup> <br>| 6.38% | 02/15/2052 | 5000 | &nbsp;&nbsp; 3950000 |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health); Series 2018 B, RB | 5.00% | 07/01/2048 | 4080 | &nbsp;&nbsp; 4136807 |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.63% | 11/15/2041 | 500 | &nbsp;&nbsp; 480690 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.75% | 11/15/2051 | 500 | &nbsp;&nbsp; 454288 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 6.88% | 11/15/2055 | 500 | &nbsp;&nbsp; 456356 |
| Texas (State of) Transportation Commission; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 0.00% | 08/01/2045 | 4000 | &nbsp;&nbsp; 1532470 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(i)</sup> <br>| 0.00% | 08/01/2046 | 3180 | &nbsp;&nbsp; 1150840 |
| Texas (State of) Transportation Commission (Central Texas Turnpike System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB (INS - BHAC)<sup>(g)(i)</sup> <br>| 0.00% | 08/15/2027 | 970 | &nbsp;&nbsp; 923760 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB<sup>(b)(i)</sup> <br>| 0.00% | 08/15/2027 | 30 | &nbsp;&nbsp; 28550 |
| Texas Municipal Gas Acquisition & Supply Corp. III; Series 2021, Ref. RB | 5.00% | 12/15/2032 | 5000 | &nbsp;&nbsp; 5420643 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North <br> Tarrant Express Managed Lanes);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 4.00% | 12/31/2038 | 2000 | &nbsp;&nbsp; 1983075 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)</sup> <br>| 5.50% | 12/31/2058 | 5000 | &nbsp;&nbsp; 5215193 |
| Texas Transportation Finance Corp; Series 2025, RB<sup>(h)</sup> <br>| 5.50% | 10/01/2055 | 9590 | &nbsp;&nbsp; 10504954 |

---

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

**Invesco Municipal Income 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)** |
| Wylie Independent School District; Series 2025, GO Bonds (CEP - Texas Permanent School Fund)<sup>(h)</sup> <br>| 5.25% | 08/15/2054 | $5740 | &nbsp;&nbsp; $6091671 |
|  |  |  |  | &nbsp;&nbsp; 320846825 |
| **Utah–0.97%** | **Utah–0.97%** | **Utah–0.97%** | **Utah–0.97%** | **Utah–0.97%** |
| Black Desert Public Infrastructure District; Series 2024, RB<sup>(f)</sup> <br>| 5.63% | 12/01/2053 | 5000 | &nbsp;&nbsp; 5058545 |
| Downtown Revitalization Public Infrastructure District; Series 2025, RB (INS - AGI)<sup>(g)(h)(j)</sup> <br>| 5.50% | 06/01/2050 | 6250 | &nbsp;&nbsp; 6782827 |
| Salt Lake City (City of), UT; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2047 | 5700 | &nbsp;&nbsp; 5720862 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB<sup>(c)</sup> <br>| 5.00% | 07/01/2046 | 10000 | &nbsp;&nbsp; 10204977 |
|  |  |  |  | &nbsp;&nbsp; 27767211 |
| **Virginia–0.58%** | **Virginia–0.58%** | **Virginia–0.58%** | **Virginia–0.58%** | **Virginia–0.58%** |
| Ballston Quarter Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.50% | 03/01/2046 | 955 | &nbsp;&nbsp; 956901 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2, RB<sup>(k)</sup> <br>| 7.13% | 03/01/2059 | 2293 | &nbsp;&nbsp; 2110920 |
| Tobacco Settlement Financing Corp.; Series 2007 B-2, RB | 5.20% | 06/01/2046 | 4000 | &nbsp;&nbsp; 3472807 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC); <br> Series 2022, Ref. RB<sup>(c)</sup> <br>| 4.00% | 07/01/2039 | 5250 | &nbsp;&nbsp; 5159735 |
| &nbsp;&nbsp;&nbsp; Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes); Series 2022, <br> Ref. RB<sup>(c)</sup> <br>| 5.00% | 12/31/2057 | 5000 | &nbsp;&nbsp; 5005931 |
|  |  |  |  | &nbsp;&nbsp; 16706294 |
| **Washington–1.29%** | **Washington–1.29%** | **Washington–1.29%** | **Washington–1.29%** | **Washington–1.29%** |
| King (County of), WA; Series 2025, RB, VRD<sup>(l)</sup> <br>| 1.35% | 01/01/2065 | 1500 | &nbsp;&nbsp; 1500000 |
| Seattle (Port of), WA; Series 2024, Ref. RB<sup>(c)</sup> <br>| 5.25% | 07/01/2049 | 5000 | &nbsp;&nbsp; 5218991 |
| Washington (State of) Convention Center Public Facilities District; Series 2018, RB<sup>(h)(j)</sup> <br>| 5.00% | 07/01/2058 | 16500 | &nbsp;&nbsp; 16503559 |
| Washington (State of) Housing Finance Commission; Series 2025, RB (INS - BAM)<sup>(f)(g)</sup> <br>| 5.25% | 07/01/2055 | 2500 | &nbsp;&nbsp; 2543357 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Bayview Manor Homes); Series 2016 A, Ref. <br> RB<sup>(f)</sup> <br>| 5.00% | 07/01/2046 | 7255 | &nbsp;&nbsp; 6809006 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.); Series 2016, <br> Ref. RB<sup>(f)</sup> <br>| 5.00% | 01/01/2036 | 1875 | &nbsp;&nbsp; 1885950 |
| Washington (State of) Housing Finance Commission (The Hearthstone); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2048 | 2000 | &nbsp;&nbsp; 1469985 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2053 | 1500 | &nbsp;&nbsp; 1049063 |
|  |  |  |  | &nbsp;&nbsp; 36979911 |
| **West Virginia–0.52%** | **West Virginia–0.52%** | **West Virginia–0.52%** | **West Virginia–0.52%** | **West Virginia–0.52%** |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District); Series 2017 A, Ref. RB<sup>(f)</sup> <br>| 5.50% | 06/01/2037 | 2500 | &nbsp;&nbsp; 2535400 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.); <br> Series 2025, Ref. RB<sup>(a)(c)(f)</sup> <br>| 5.45% | 03/27/2035 | 1000 | &nbsp;&nbsp; 1069225 |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(c)(d)(f)</sup> <br>| 6.75% | 02/01/2026 | 4035 | &nbsp;&nbsp; 403500 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)(d)(f)</sup> <br>| 8.75% | 02/01/2036 | 1300 | &nbsp;&nbsp; 390000 |
| &nbsp;&nbsp;&nbsp; West Virginia (State of) Hospital Finance Authority (United Health System Obligated); Series 2025, <br> RB<br>| 5.50% | 06/01/2050 | 5830 | &nbsp;&nbsp; 6249093 |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group); Series 2023 B, RB | 6.00% | 09/01/2053 | 4000 | &nbsp;&nbsp; 4348007 |
|  |  |  |  | &nbsp;&nbsp; 14995225 |
| **Wisconsin–3.55%** | **Wisconsin–3.55%** | **Wisconsin–3.55%** | **Wisconsin–3.55%** | **Wisconsin–3.55%** |
| Wisconsin (State of) Center District; Series 2020, RB (INS - AGI)<sup>(g)(i)</sup> <br>| 0.00% | 12/15/2060 | 25000 | &nbsp;&nbsp; 4601380 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System); <br> Series 2024, RB<br>| 5.50% | 02/15/2054 | 5000 | &nbsp;&nbsp; 5287104 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the <br> Midwest Obligated Group); Series 2017, Ref. RB (Acquired 08/30/2017-09/05/2017; <br> Cost $3,493,586)<sup>(e)</sup> <br>| 5.00% | 08/01/2039 | 3500 | &nbsp;&nbsp; 2282132 |
| Wisconsin (State of) Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 08/15/2046 | 10170 | &nbsp;&nbsp; 9292512 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 08/15/2055 | 5000 | &nbsp;&nbsp; 5192544 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health); Series 2022 A, <br> Ref. RB<br>| 4.00% | 04/01/2042 | 9460 | &nbsp;&nbsp; 9179582 |

---

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

**Invesco Municipal Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** | **Wisconsin–(continued)** |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Thedacare Health Inc.); <br> Series 2025, RB, VRD<sup>(l)</sup> <br>| 1.85% | 04/01/2055 |  | $10000 | &nbsp;&nbsp; $10000000 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(f)(i)</sup> <br>| 0.00% | 07/01/2062 |  | 6750 | &nbsp;&nbsp; 5400000 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 06/30/2060 |  | 5000 | &nbsp;&nbsp; 5201677 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 6.50% | 06/30/2060 |  | 5000 | &nbsp;&nbsp; 5529377 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(c)</sup> <br>| 5.75% | 12/31/2065 |  | 6280 | &nbsp;&nbsp; 6518909 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands); Series 2017, <br> RB<sup>(f)</sup> <br>| 6.75% | 08/01/2031 |  | 3000 | &nbsp;&nbsp; 2310000 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB<sup>(f)</sup> <br>| 6.13% | 02/01/2050 |  | 2500 | &nbsp;&nbsp; 2460572 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(f)</sup> <br>| 6.13% | 02/01/2050 |  | 2705 | &nbsp;&nbsp; 2659030 |
| Wisconsin (State of) Public Finance Authority (Green Bonds); Series 2021, RB<sup>(c)</sup> <br>| 4.00% | 03/31/2056 |  | 5500 | &nbsp;&nbsp; 4455547 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 <br> A-1, RB<sup>(f)</sup> <br>| 6.25% | 01/01/2038 |  | 5250 | &nbsp;&nbsp; 2362500 |
| Wisconsin (State of) Public Finance Authority (Prime Healthcare Foundation, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.20% | 12/01/2037 |  | 5000 | &nbsp;&nbsp; 5123422 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.35% | 12/01/2045 |  | 4000 | &nbsp;&nbsp; 4046515 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); <br> Series 2015, Ref. RB<br>| 5.75% | 04/01/2035 |  | 1955 | &nbsp;&nbsp; 1956527 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group); Series 2019 A, <br> Ref. RB<br>| 5.00% | 11/15/2044 |  | 1940 | &nbsp;&nbsp; 1945282 |
| Wisconsin (State of) Public Finance Authority (Two Step); Series 2024, RB<sup>(f)(i)</sup> <br>| 0.00% | 12/15/2034 |  | 1375 | &nbsp;&nbsp; 804125 |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital); Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 4000 | &nbsp;&nbsp; 4068590 |
| Wisconsin (State of) Public Finance Authority (WhiteStone); Series 2017, Ref. RB<sup>(f)</sup> <br>| 5.00% | 03/01/2052 |  | 1075 | &nbsp;&nbsp; 941148 |
|  |  |  |  |  | &nbsp;&nbsp; 101618475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,039,935,861) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,039,935,861) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,039,935,861) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $3,039,935,861) |  | &nbsp;&nbsp; 3043880624 |
|  |  |  | **Shares** | **Shares** |  |
| **Exchange-Traded Funds–0.51%** | **Exchange-Traded Funds–0.51%** | **Exchange-Traded Funds–0.51%** | **Exchange-Traded Funds–0.51%** | **Exchange-Traded Funds–0.51%** | **Exchange-Traded Funds–0.51%** |
| Invesco Intermediate Municipal ETF<sup>(o)</sup> <br>|  |  |  | 93701 | &nbsp;&nbsp; 4847153 |
| Invesco Rochester High Yield Municipal ETF<sup>(o)</sup> <br>|  |  |  | 193959 | &nbsp;&nbsp; 9861768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $14,666,028) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $14,666,028) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $14,666,028) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $14,666,028) |  | &nbsp;&nbsp; 14708921 |
| **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** | **Common Stocks & Other Equity Interests–0.00%** |
| &nbsp;&nbsp;&nbsp; BL Train Holdings West LLC; Wts. expiring 12/01/2025 <br>(Cost $0)<sup>(m)</sup> <br>|  |  |  | 68700 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–106.75% (Cost $3,054,601,889) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–106.75% (Cost $3,054,601,889) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–106.75% (Cost $3,054,601,889) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–106.75% (Cost $3,054,601,889) |  | &nbsp;&nbsp; 3058589545 |
| FLOATING RATE NOTE OBLIGATIONS–(7.28)% | FLOATING RATE NOTE OBLIGATIONS–(7.28)% | FLOATING RATE NOTE OBLIGATIONS–(7.28)% | FLOATING RATE NOTE OBLIGATIONS–(7.28)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.35% to 3.36% at 11/30/2025 and <br>contractual maturities of collateral ranging from 02/01/2046 to 07/15/2060<sup>(q)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (208645000)<br>|
| OTHER ASSETS LESS LIABILITIES–0.53% | OTHER ASSETS LESS LIABILITIES–0.53% | OTHER ASSETS LESS LIABILITIES–0.53% | OTHER ASSETS LESS LIABILITIES–0.53% |  | &nbsp;&nbsp; 15143016 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $2865087561 |

---

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

**Invesco Municipal Income Fund**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| BHAC | – Berkshire Hathaway Assurance Corp. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LOC | – Letter of Credit |
| NATL | – National Public Finance Guarantee Corp. |
| RAC | – Revenue Anticipation Certificates |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

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

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

<sup>(d)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at November 30, 2025 was $7,775,022, which represented less than 1% of the Fund's Net Assets. 

<sup>(e)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $8,964,495, which represented less than 1% of the Fund's Net Assets.

<sup>(f)</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 $222,519,296, which represented 7.77% of the Fund's Net Assets. 

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

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

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

<sup>(j)</sup> Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $66,630,260. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

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

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 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 Intermediate Municipal ETF | $- | &nbsp;&nbsp; $4812636 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $34517 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $4847153 | &nbsp;&nbsp; $27750 |
| Invesco Rochester High Yield Municipal ETF | $877166 | &nbsp;&nbsp; $8980782 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $3820 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $9861768 | &nbsp;&nbsp; $108382 |
| Total | $877166 | &nbsp;&nbsp; $13793418 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $38337 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $14708921 | &nbsp;&nbsp; $136132 |

---

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

<sup>(p)</sup> This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced the credit quality of a security, it is not primarily responsible for the issuer's obligations but may be called upon to satisfy the issuer's obligations. 

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

---

| | |
|:---|:---|
| **Entity** | **Percent** |
| Assured Guaranty Inc. | 8.35<br> %<br>|

---

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

<sup>(q)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Fund's investments with a value of $295,762,022 are held by TOB Trusts and serve as collateral for the $208,645,000 in the floating rate note obligations outstanding at that date. 

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

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

**Invesco Municipal Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  | **Open Futures Contracts**<sup>(a)</sup>  |
| **Short Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 717 | March-2026 | &nbsp;&nbsp;&nbsp; $(81267469)<br>| &nbsp;&nbsp;&nbsp; $(509742)<br>| &nbsp;&nbsp;&nbsp; $(509742)<br>|

---

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

<sup>(a)</sup> Futures contracts collateralized by $1,478,820 cash held with Goldman Sachs International, the futures commission merchant.

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

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

**Invesco Municipal Income 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; $3043756562 | &nbsp;&nbsp;&nbsp;&nbsp; $124062 | &nbsp;&nbsp;&nbsp;&nbsp; $3043880624 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 14708921 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14708921 |
| 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; 14708921 | &nbsp;&nbsp;&nbsp;&nbsp; 3043756562 | &nbsp;&nbsp;&nbsp;&nbsp; 124062 | &nbsp;&nbsp;&nbsp;&nbsp; 3058589545 |
| **Other Investments - Assets\*** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1208538 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1208538 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (509742)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (509742)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; (509742)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1208538 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 698796 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $14199179 | &nbsp;&nbsp;&nbsp;&nbsp; $3044965100 | &nbsp;&nbsp;&nbsp;&nbsp; $124062 | &nbsp;&nbsp;&nbsp;&nbsp; $3059288341 |

---

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

\* Futures contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value.

**Invesco Municipal Income Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000027869

- **c. LEI of Series:** 549300XPIO605BHE6H02

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

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

- **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:** $3112618969.81

**Total Liabilities:** $253619193.02

**Net Assets:** $2858999776.79

**Delayed Delivery Securities:** $19537108.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3975.74598155 | **1-Year:** -80811.45468911 | **5-Year:** -352413.53437675 | **10-Year:** -805966.07877916 | **30-Year:** -393805.94224214

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

- **3-Month:** -2161.03465132 | **1-Year:** -30724.51350195 | **5-Year:** -69629.14729890 | **10-Year:** -159673.57229262 | **30-Year:** -115789.53849519

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000084631 | 3.53%                | 1.28%                | 0.25%                |
| Class ID C000084633 | 3.48%                | 1.22%                | 0.18%                |
| Class ID C000084634 | 3.55%                | 1.30%                | 0.18%                |
| Class ID C000125172 | 3.53%                | 1.28%                | 0.17%                |
| Class ID C000188919 | 3.55%                | 1.30%                | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1859129.03             | $92688208.07                               |
| Month 2  | $-809383.10              | $26987637.58                               |
| Month 3  | $491718.36               | $-4031984.13                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tobacco Settlement Financing Corp.                                                                                                | Tobacco Settlement Financing Corp., Series 2007 B-2, RB                                                                                              | CUSIP: 88880NAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3472828.00   | 0.12%             | 2046-06-01      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging)                               | Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging), Series 2016, RB                                 | CUSIP: 091081DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4214361.06   | 0.15%             | 2035-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.)                                                                | Tallahassee (City of), FL (Tallahassee Memorial Health Care, Inc.), Series 2016, RB                                                                  | CUSIP: 874485DL6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4452246.90   | 0.16%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services)                                | Missouri (State of) Health & Educational Facilities Authority (Medical Research Lutheran Services), Series 2016 A, RB                                | CUSIP: 60635HU72<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3204138.88   | 0.11%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                              | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2016, RB                                                | CUSIP: 95648VAX7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $403500.00    | 0.01%             | 2026-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District (The)                                                                                                  | Lower Alabama Gas District (The), Series 2016 A, RB                                                                                                  | CUSIP: 547804AE4<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $22884978.90  | 0.80%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area)                                                | Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area), Series 2016, RB                                                  | CUSIP: 779719AA1<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    145000 | PA      | $145779.07    | 0.01%             | 2036-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                                                                 | Northern Indiana Commuter Transportation District, Series 2016, RB                                                                                   | CUSIP: 66528PBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1711589.92   | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                                                                 | Northern Indiana Commuter Transportation District, Series 2016, RB                                                                                   | CUSIP: 66528PBC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500947.40   | 0.05%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia School District (The)                                                                                                | Philadelphia School District (The), Series 2007 A, Ref. GO Bonds                                                                                     | CUSIP: 717883ES7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2387204.19   | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.)                                  | Connecticut (State of) Health & Educational Facilities Authority (Church Home of Hartford, Inc.), Series 2016 A, RB                                  | CUSIP: 20774YJ32<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3990000 | PA      | $3828850.68   | 0.13%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District (Election of 2008)                                                                             | Long Beach Unified School District (Election of 2008), Series 2009, GO Bonds                                                                         | CUSIP: 542433SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $306519.94    | 0.01%             | 2033-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup)                                                            | Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2016 I, Ref. RB                                                       | CUSIP: 57584XMS7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030820.50   | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                          | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                          | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6150623.00   | 0.22%             | 2056-12-01      | Fixed         | 5.25%                 | 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 A, RB                                            | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14815000 | PA      | $14814845.92  | 0.52%             | 2050-01-01      | Fixed         | 5.25%                 | 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        |   4615000 | PA      | $4616198.05   | 0.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                                       | Rockland Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                       | CUSIP: 773684AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  52470000 | PA      | $15965545.37  | 0.56%             | 2045-08-15      | None          | 0.00%                 | 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: 48503VAJ1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1084616.06   | 0.04%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute)                                         | Massachusetts (Commonwealth of) Development Finance Agency (Dana-Farber Cancer Institute), Series 2016, RB                                           | CUSIP: 57584XNY3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020829.60   | 0.07%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Bayview Manor Homes)                                                            | Washington (State of) Housing Finance Commission (Bayview Manor Homes), Series 2016 A, Ref. RB                                                       | CUSIP: 939783TC0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   7255000 | PA      | $6809006.13   | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC)                                       | Pottsboro Higher Education Finance Corp. (Imagine International Academy of North Texas LLC), Series 2016 A, RB                                       | CUSIP: 738222AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2756496.90   | 0.10%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.)                                                    | Washington (State of) Housing Finance Commission (Presbyterian Retirement Co.), Series 2016, Ref. RB                                                 | CUSIP: 939783TH9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1885949.81   | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton (County of), OH (Life Enriching Communities)                                                                             | Hamilton (County of), OH (Life Enriching Communities), Series 2016, Ref. RB                                                                          | CUSIP: 40727RBU1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1622315.35   | 0.06%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burleigh (County of), ND (University of Mary)                                                                                     | Burleigh (County of), ND (University of Mary), Series 2016, RB                                                                                       | CUSIP: 12139LAC6<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1446787.53   | 0.05%             | 2046-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                          | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2016 B, Ref. RB                                     | CUSIP: 60635HZ85<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3946877.21   | 0.14%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Paradise Schools)                                                      | Maricopa (County of), AZ Industrial Development Authority (Paradise Schools), Series 2016, Ref. RB                                                   | CUSIP: 56681NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504375.50   | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                             | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                             | CUSIP: 64542UCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $303484.03    | 0.01%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                             | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                             | CUSIP: 64542UCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $833063.42    | 0.03%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford)                                             | New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford), Series 2016 A, RB                                             | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1092917.75   | 0.04%             | 2046-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                            | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB                         | CUSIP: 13080SNN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2885792.70   | 0.10%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District)                                    | Pennsylvania (Commonwealth of) Public School Building Authority (Philadelphia School District), Series 2016 A, Ref. RB                               | CUSIP: 85732GUG3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5087315.50   | 0.18%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                    | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                 | CUSIP: 170692CN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3006798.30   | 0.11%             | 2036-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Christian (County of), KY (Jennie Stuart Medical Center, Inc.)                                                                    | Christian (County of), KY (Jennie Stuart Medical Center, Inc.), Series 2016, Ref. RB                                                                 | CUSIP: 170692CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004160.50   | 0.18%             | 2044-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy)                                             | St. Paul (City of), MN Housing & Redevelopment Authority (Hmong College Prep Academy), Series 2016, Ref. RB                                          | CUSIP: 852297CD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004839.80   | 0.07%             | 2046-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Kaizen Education Foundation)                                                 | Arizona (State of) Industrial Development Authority (Kaizen Education Foundation), Series 2016, RB                                                   | CUSIP: 04052BAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5265000 | PA      | $5293692.67   | 0.19%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group)                                              | Akron, Bath & Copley Joint Township Hospital District (Summa Health Obligated Group), Series 2016, Ref. RB                                           | CUSIP: 009730NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5127835.00   | 0.18%             | 2026-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                             | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                             | CUSIP: 87638RHM2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3950000.00   | 0.14%             | 2052-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                             | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2017 A, RB                                             | CUSIP: 87638RHT7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $790000.00    | 0.03%             | 2048-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                          | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2016 A, RB                          | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6493170.15   | 0.23%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Texas Regional Mobility Authority                                                                                      | North East Texas Regional Mobility Authority, Series 2016, RB                                                                                        | CUSIP: 659231AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3406292.04   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University)                                     | Philadelphia (City of), PA Authority for Industrial Development (Thomas Jefferson University), Series 2017 A, Ref. RB                                | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3523611.35   | 0.12%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                             | Chicago (City of), IL, Series 2017 A, Ref. GO Bonds                                                                                                  | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8669587.75   | 0.30%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Basis Schools)                                                               | Arizona (State of) Industrial Development Authority (Basis Schools), Series 2017 A, Ref. RB                                                          | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4358622.60   | 0.15%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A, RB                                                                                | CUSIP: 709224VC0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10134901.00  | 0.35%             | 2046-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                        | Metropolitan Washington Airports Authority, Series 2010 A, RB                                                                                        | CUSIP: 592643CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17565000 | PA      | $10421435.70  | 0.36%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                      | Salt Lake City (City of), UT, Series 2017 A, RB                                                                                                      | CUSIP: 795576FY8<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5720862.00   | 0.20%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                        | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                   | CUSIP: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1603863.42   | 0.06%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights)                                                        | Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights), Series 2017 A, Ref. RB                                                   | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2568238.26   | 0.09%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO Bond Program)               | Hacienda La Puente Unified School District Facilities Financing Authority (Unified School District GO Bond Program), Series 2007, RB                 | CUSIP: 40450TAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034332.60   | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District (Election of 2008)                                                                          | San Mateo Foster City School District (Election of 2008), Series 2010, GO Bonds                                                                      | CUSIP: 799055LS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4915000 | PA      | $5460164.92   | 0.19%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.)                                                  | Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.), Series 2017, Ref. RB                                               | CUSIP: 741724CC0<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006167.60   | 0.07%             | 2037-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.)                                                  | Prince George's (County of), MD (Collington Episcopal Life Care Community, Inc.), Series 2017, Ref. RB                                               | CUSIP: 741724CE6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   4035000 | PA      | $3645722.97   | 0.13%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1 (In the City of Loveland)                                                                    | Centerra Metropolitan District No. 1 (In the City of Loveland), Series 2017, RB                                                                      | CUSIP: 15200XAF0<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3501167.95   | 0.12%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                    | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                    | CUSIP: 555542ND7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1685483.02   | 0.06%             | 2047-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.)                                    | Macon-Bibb (County of), GA Urban Development Authority (Academy for Classical Education, Inc.), Series 2017 A, RB                                    | CUSIP: 555542NE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1534959.34   | 0.05%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.)                                        | Kentucky (Commonwealth of) Economic Development Finance Authority (Owensboro Health, Inc.), Series 2017 A, Ref. RB                                   | CUSIP: 49126KKF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $8963593.26   | 0.31%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                     | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                  | CUSIP: 2322655V6<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6948537.40   | 0.24%             | 2057-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Centerville (City of), OH (Graceworks Lutheran Services)                                                                          | Centerville (City of), OH (Graceworks Lutheran Services), Series 2017, Ref. RB                                                                       | CUSIP: 152241AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5141944.26   | 0.18%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (East Baltimore Research Park)                                                                            | Baltimore (City of), MD (East Baltimore Research Park), Series 2017, Ref. RB                                                                         | CUSIP: 05923TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1665863.10   | 0.06%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore (City of), MD (Convention Center Hotel)                                                                                 | Baltimore (City of), MD (Convention Center Hotel), Series 2017, Ref. RB                                                                              | CUSIP: 05921PCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7139772.07   | 0.25%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                     | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                                  | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5644230.48   | 0.20%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp.                                                                                                 | Hudson Yards Infrastructure Corp., Series 2017 A, Ref. RB                                                                                            | CUSIP: 44420RBF6<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4828622.00   | 0.17%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                       | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                       | CUSIP: 5742182K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1264021.14   | 0.04%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                       | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                       | CUSIP: 5742182L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4295000 | PA      | $4051397.05   | 0.14%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy)                                       | Maryland (State of) Health & Higher Educational Facilities Authority (Green Street Academy), Series 2017 A, RB                                       | CUSIP: 5742182M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1431506.40   | 0.05%             | 2052-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands)                                                     | Wisconsin (State of) Public Finance Authority (American Dream at Meadowlands), Series 2017, RB                                                       | CUSIP: 74446EAB2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2310000.00   | 0.08%             | 2031-08-01      | Fixed         | 6.75%                 | 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 2017 A, RB                                             | CUSIP: 5742182P7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5053730.00   | 0.18%             | 2042-05-15      | 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 2006 C, RB                                                                         | CUSIP: 646136EU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7410000 | PA      | $6154994.24   | 0.22%             | 2031-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 B-1, RB                                                                              | CUSIP: 709224WR6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   9875000 | PA      | $10026781.71  | 0.35%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Ingleside at Rock Creek)                                                                                    | District of Columbia (Ingleside at Rock Creek), Series 2017 A, RB                                                                                    | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2089212.98   | 0.07%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group)                          | Philadelphia (City of), PA Authority for Industrial Development (Wesley Enhanced Living Obligated Group), Series 2017, Ref. RB                       | CUSIP: 717824AQ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2901587.10   | 0.10%             | 2042-07-01      | 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: 45204EVF2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1007017.71   | 0.04%             | 2047-08-01      | 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, RB                                                                | CUSIP: 45204EVQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2388225.95   | 0.08%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                | Greater Orlando Aviation Authority, Series 2017 A, RB                                                                                                | CUSIP: 392274X43<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10043695.00  | 0.35%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group)            | Wisconsin (State of) Health & Educational Facilities Authority (American Baptist Homes of the Midwest Obligated Group), Series 2017, Ref. RB         | CUSIP: 97712DZF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2282131.95   | 0.08%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada (State of) Department of Business & Industry (Doral Academy of Nevada)                                                     | Nevada (State of) Department of Business & Industry (Doral Academy of Nevada), Series 2017 A, RB                                                     | CUSIP: 641454AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2709203.78   | 0.09%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockville (City of), MD (Ingleside at King Farm)                                                                                  | Rockville (City of), MD (Ingleside at King Farm), Series 2017 B, RB                                                                                  | CUSIP: 774223BV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3390440.55   | 0.12%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District)         | Monongalia (County of), WV Commission Special District (University Town Centre Economic Opportunity Development District), Series 2017 A, Ref. RB    | CUSIP: 61022CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535400.00   | 0.09%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Amber Creek Metropolitan District                                                                                                 | Amber Creek Metropolitan District, Series 2017 A, Ref. GO Bonds                                                                                      | CUSIP: 02320AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1029000 | PA      | $1029834.11   | 0.04%             | 2025-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2017 A-1, RB                                                                              | CUSIP: 709224ZC6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557515.75   | 0.09%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (WhiteStone)                                                                        | Wisconsin (State of) Public Finance Authority (WhiteStone), Series 2017, Ref. RB                                                                     | CUSIP: 74444VAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $941147.88    | 0.03%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2017, Ref. RB                                                 | CUSIP: 837033KT5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2734499.48   | 0.10%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (Pratt Paper LLC)                                                               | Ohio (State of) Air Quality Development Authority (Pratt Paper LLC), Series 2017, RB                                                                 | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1872566.20   | 0.07%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                                                                | New York Counties Tobacco Trust VI, Series 2016 A-1, Ref. RB                                                                                         | CUSIP: 64945JBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9731410.00   | 0.34%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Mercy Health)                                                      | Missouri (State of) Health & Educational Facilities Authority (Mercy Health), Series 2017, RB                                                        | CUSIP: 60637AMH2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  15540000 | PA      | $15752396.06  | 0.55%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System)                         | Glynn (County of) & Brunswick (City of), GA Memorial Hospital Authority (Southeast Georgia Health System), Series 2017, RAC                          | CUSIP: 380037GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7663969.58   | 0.27%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                                                                                       | TSASC, Inc., Series 2016 B, Ref. RB                                                                                                                  | CUSIP: 898526FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19905000 | PA      | $17704165.86  | 0.62%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Longhorn Village)                                                           | New Hope Cultural Education Facilities Finance Corp. (Longhorn Village), Series 2017, Ref. RB                                                        | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2926484.10   | 0.10%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.)                                                        | Capital Trust Agency, Inc. (Sarasota-Manatee Jewish Housing Council, Inc.), Series 2017, Ref. RB                                                     | CUSIP: 14054TAJ1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1847000.00   | 0.06%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                   | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                | CUSIP: 378286JH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2246678.31   | 0.08%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus)                                                   | Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus), Series 2017, Ref. RB                                                | CUSIP: 378286JK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2175464.16   | 0.08%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View)                                                           | Clackamas (County of), OR Hospital Facility Authority (Willamette View), Series 2017 A, Ref. RB                                                      | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2261114.27   | 0.08%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Willamette View)                                                           | Clackamas (County of), OR Hospital Facility Authority (Willamette View), Series 2017 A, Ref. RB                                                      | CUSIP: 179027WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2707087.54   | 0.09%             | 2052-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ward (County of), ND (Trinity Obligated Group)                                                                                    | Ward (County of), ND (Trinity Obligated Group), Series 2017 C, RB                                                                                    | CUSIP: 934023EV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6065000 | PA      | $5796484.86   | 0.20%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project (No. 3)                                                                                             | Central Plains Energy Project (No. 3), Series 2017 A, Ref. RB                                                                                        | CUSIP: 154871CL9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   8140000 | PA      | $8963839.63   | 0.31%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2002, RB                                                                                                               | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1270613.25   | 0.04%             | 2043-05-15      | Fixed         | 5.62%                 | 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: 74442PFT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5123422.00   | 0.18%             | 2037-12-01      | Fixed         | 5.20%                 | 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: 74442PFU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4046515.20   | 0.14%             | 2045-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy)                                          | Pima (County of), AZ Industrial Development Authority (The) (Grande Innovations Academy), Series 2018, RB                                            | CUSIP: 72177PBZ2<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4679894.50   | 0.16%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                   | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                   | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6024973.20   | 0.21%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                           | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1597565.96   | 0.06%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                           | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5367370.92   | 0.19%             | 2046-06-01      | Fixed         | 5.25%                 | 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        |   1050000 | PA      | $1050000.00   | 0.04%             | 2037-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.)                                          | Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.), Series 2018 A, RB                                          | CUSIP: 179027YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1021967.65   | 0.04%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.)                                          | Clackamas (County of), OR Hospital Facility Authority (Mary's Woods at Marylhurst, Inc.), Series 2018 A, RB                                          | CUSIP: 179027YB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457948.65    | 0.02%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment)                   | New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&D Redevelopment), Series 2018, RB                     | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6970000 | PA      | $7123161.57   | 0.25%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2018 A, GO Bonds                                                                                                         | CUSIP: 452152W98<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10235000 | PA      | $10975018.13  | 0.38%             | 2028-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.)                                                | Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.), Series 2014 A, RB                                                | CUSIP: 20774YTN7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000323.20   | 0.03%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                       | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2016, Ref. RB                                                    | CUSIP: 590743CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     94751 | PA      | $947.51       | 0.00%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC)                                                            | Rockdale (County of), GA Development Authority (Pratt Paper (GA), LLC), Series 2018, Ref. RB                                                         | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7210000 | PA      | $7098164.25   | 0.25%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                     | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                     | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10060990.00  | 0.35%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                           | CUSIP: 939783WR3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1469984.80   | 0.05%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (The Hearthstone)                                                                | Washington (State of) Housing Finance Commission (The Hearthstone), Series 2018 A, Ref. RB                                                           | CUSIP: 939783WS1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1049062.95   | 0.04%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Caregroup)                                                            | Massachusetts (Commonwealth of) Development Finance Agency (Caregroup), Series 2018 J-2, RB                                                          | CUSIP: 57584YJU4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4194800.20   | 0.15%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davie (Town of), FL (Nova Southeastern University)                                                                                | Davie (Town of), FL (Nova Southeastern University), Series 2018, Ref. RB                                                                             | CUSIP: 23867PBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5059630.00   | 0.18%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center)                                                  | Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center), Series 2018 A-1, RB                                                | CUSIP: 74442PJU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $2362500.00   | 0.08%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties)                                           | Highlands (County of), FL Health Facilities Authority (Trousdale Foundation Properties), Series 2018 A, RB                                           | CUSIP: 43102XAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4762773 | PA      | $59534.66     | 0.00%             | 2038-04-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Washington (State of) Convention Center Public Facilities District                                                                | Washington (State of) Convention Center Public Facilities District, Series 2018, RB                                                                  | CUSIP: 93976ABJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $16503559.05  | 0.58%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                 | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                              | CUSIP: 64542UET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1826185.45   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                 | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2018, Ref. RB                                              | CUSIP: 64542UEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3228778.00   | 0.11%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                           | Broward (County of), FL, Series 2017, RB                                                                                                             | CUSIP: 114894XU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18945000 | PA      | $18994804.51  | 0.66%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lucas (County of), OH (ProMedica Healthcare System)                                                                               | Lucas (County of), OH (ProMedica Healthcare System), Series 2018 A, Ref. RB                                                                          | CUSIP: 549310WE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476284.55   | 0.05%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morongo Band of Mission Indians (The)                                                                                             | Morongo Band of Mission Indians (The), Series 2018 A, RB                                                                                             | CUSIP: 61773RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4863057.60   | 0.17%             | 2042-10-01      | 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        |   9335000 | PA      | $9362607.33   | 0.33%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village West County)                                       | St. Louis (County of), MO Industrial Development Authority (Friendship Village West County), Series 2018 A, RB                                       | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7430592.00   | 0.26%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC)                                              | West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC), Series 2018, RB                                                | CUSIP: 95648VBD0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $390000.00    | 0.01%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                          | Chicago (City of), IL Board of Education, Series 2018 D, GO Bonds                                                                                    | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2697559.50   | 0.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Christus Health)                                                      | Tarrant County Cultural Education Facilities Finance Corp. (Christus Health), Series 2018 B, RB                                                      | CUSIP: 87638TGQ0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4136807.06   | 0.14%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects) | Arizona (State of) Industrial Development Authority (Pinecrest Academy of Nevada-Horizon, Inspirada and St. Rose Campus Projects), Series 2018 A, RB | CUSIP: 04052BHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3153745.04   | 0.11%             | 2048-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Turnpike Authority                                                                                      | North Carolina (State of) Turnpike Authority, Series 2018, Ref. RB                                                                                   | CUSIP: 65830RCG2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5215262.00   | 0.18%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group)                                     | South Carolina (State of) Jobs-Economic Development Authority (Prisma Health Obligated Group), Series 2018 A, Ref. RB                                | CUSIP: 83703FLN0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15281697.00  | 0.53%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2017 A, Ref. RB                                            | CUSIP: 04052BBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $921984.59    | 0.03%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2017 A, Ref. RB                                            | CUSIP: 04052BBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981660.10    | 0.03%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                     | Denver (City & County of), CO, Series 2018 A, Ref. RB                                                                                                | CUSIP: 249182LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15800000 | PA      | $15900277.86  | 0.56%             | 2048-12-01      | 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        |   1270000 | PA      | $1271693.29   | 0.04%             | 2032-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2008 A, RB                                                                                                             | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  54915000 | PA      | $2623333.48   | 0.09%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2017 A, Ref. RB                                            | CUSIP: 04052BBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $677379.31    | 0.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 A, Ref. RB                                            | CUSIP: 04052BFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2079257.89   | 0.07%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 A, Ref. RB                                            | CUSIP: 04052BFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1790173.44   | 0.06%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Academies of Math & Science)                                                 | Arizona (State of) Industrial Development Authority (Academies of Math & Science), Series 2018 A, Ref. RB                                            | CUSIP: 04052BFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507538.85    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2008 B, RB                                                                                                             | CUSIP: 16876QBM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 260000000 | PA      | $7858968.00   | 0.27%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                      | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2018, RB                                                                        | CUSIP: 4423487V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8485709.10   | 0.30%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Georgetown University)                                                                                      | District of Columbia (Georgetown University), Series 2017, Ref. RB                                                                                   | CUSIP: 25484JDE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1216626.61   | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services)                                          | Missouri (State of) Health & Educational Facilities Authority (Lutheran Senior Services), Series 2019 A, RB                                          | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3115919.66   | 0.11%             | 2042-02-01      | 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        |   5250000 | PA      | $5316620.40   | 0.19%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2017 C, GO Bonds                                                                                                         | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5180308.00   | 0.18%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                           | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1582670 | PA      | $1578991.40   | 0.06%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                           | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4387346.10   | 0.15%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                             | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                           | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $7160951.70   | 0.25%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                     | Main Street Natural Gas, Inc., Series 2019 A, RB                                                                                                     | CUSIP: 56035DBV3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3056628.00   | 0.11%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                        | Texas (State of) Transportation Commission, Series 2019, RB                                                                                          | CUSIP: 88283NAQ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $1532469.60   | 0.05%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission                                                                                        | Texas (State of) Transportation Commission, Series 2019, RB                                                                                          | CUSIP: 88283NAR3<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $1150839.77   | 0.04%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                             | Chicago (City of), IL, Series 2019 A, GO Bonds                                                                                                       | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5765000 | PA      | $5503995.39   | 0.19%             | 2044-01-01      | 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 2019, RB                                                                               | CUSIP: 64971XKP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9814832.00   | 0.34%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining)                                                       | Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining), Series 2019 A, Ref. IDR                                                 | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5013367.50   | 0.18%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Wakemed Hospital)                                                                  | Wisconsin (State of) Public Finance Authority (Wakemed Hospital), Series 2019 A, Ref. RB                                                             | CUSIP: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4068590.00   | 0.14%             | 2044-10-01      | Fixed         | 5.00%                 | 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        |  15000000 | PA      | $15000000.00  | 0.52%             | 2025-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO Convention Center Hotel Authority                                                                   | Denver (City & County of), CO Convention Center Hotel Authority, Series 2016, Ref. RB                                                                | CUSIP: 249189DP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2524829.50   | 0.09%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2018 A, GO Bonds                                                                                                         | CUSIP: 452152X30<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2907181.30   | 0.10%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                              | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 A, RB                                              | CUSIP: 544445ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5515000 | PA      | $5591531.10   | 0.20%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                            | New York (City of), NY, Series 2018 E-1, GO Bonds                                                                                                    | CUSIP: 64966MXL8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2757153.17   | 0.10%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                                    | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB                                    | CUSIP: 48504NBE8<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |  10265000 | PA      | $10298040.98  | 0.36%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                       | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 C, RB                                       | CUSIP: 130923BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  45000000 | PA      | $3406608.00   | 0.12%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                          | Chicago (City of), IL Board of Education, Series 2017 G, Ref. GO Bonds                                                                               | CUSIP: 167505TG1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000865.50   | 0.17%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Development Finance Authority (OU Medicine)                                                                   | Oklahoma (State of) Development Finance Authority (OU Medicine), Series 2018 B, RB                                                                   | CUSIP: 67884XCG0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8562223.40   | 0.30%             | 2043-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport)                                    | Kansas City (City of), MO Industrial Development Authority (Kansas City International Airport), Series 2019 B, RB                                    | CUSIP: 48504NBD0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |  11975000 | PA      | $12079217.23  | 0.42%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                      | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2019, Ref. RB                                   | CUSIP: 613603B40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5535000 | PA      | $4982361.25   | 0.17%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                            | New York (City of), NY, Subseries 2019 A-1, GO Bonds                                                                                                 | CUSIP: 64966QCW8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11930000 | PA      | $11640596.10  | 0.41%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group)                                                    | Wisconsin (State of) Public Finance Authority (The Evergreens Obligated Group), Series 2019 A, Ref. RB                                               | CUSIP: 74446CAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1945282.23   | 0.07%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                                                                                | Board of Regents of the University of Texas System, Series 2019 B, RB                                                                                | CUSIP: 91514AJV8<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16921636.50  | 0.59%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                             | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2019 A-2, Ref. RB                                                      | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13157085.00  | 0.46%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 E, RB                                     | CUSIP: 79766DSA8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15159165.00  | 0.53%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                            | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                         | CUSIP: 483228DV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1246791.22   | 0.04%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                            | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2019, Ref. RB                                                         | CUSIP: 483228DW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1308586.38   | 0.05%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson (Parish of), LA Sales Tax District                                                                                      | Jefferson (Parish of), LA Sales Tax District, Series 2019 B, RB                                                                                      | CUSIP: 474176LH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6076018.20   | 0.21%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Port Authority (Bosfuel)                                                                          | Massachusetts (Commonwealth of) Port Authority (Bosfuel), Series 2019 A, Ref. RB                                                                     | CUSIP: 575898DR9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6997996.50   | 0.24%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                | Greater Orlando Aviation Authority, Series 2019 A, RB                                                                                                | CUSIP: 3922742F2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9264880.00   | 0.32%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4)                                                        | Georgia (State of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, RB                                                          | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |  10530000 | PA      | $10559770.42  | 0.37%             | 2048-01-01      | 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 2019 BB, RB                                                                        | CUSIP: 6461365N7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5115663.00   | 0.18%             | 2044-06-15      | 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 2019 BB, RB                                                                        | CUSIP: 6461365Q0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6930000 | PA      | $6385724.73   | 0.22%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                         | New Jersey (State of) Transportation Trust Fund Authority, Series 2014, RN                                                                           | CUSIP: 6461365V9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3188371.20   | 0.11%             | 2032-06-15      | 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.), Subseries 2017 A-3, Ref. RB                                                               | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3975874.80   | 0.14%             | 2026-07-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Hoover (City of), AL Industrial Development Board (United States Steel Corp.)                                                     | Hoover (City of), AL Industrial Development Board (United States Steel Corp.), Series 2019, RB                                                       | CUSIP: 439241AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5069514.00   | 0.18%             | 2049-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                        | Miami-Dade (County of), FL, Series 2019 B, RB                                                                                                        | CUSIP: 59334DLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13751802.00  | 0.48%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                             | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3853090.80   | 0.13%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                             | New York (State of) Thruway Authority, Series 2019 B, RB                                                                                             | CUSIP: 650010CK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9140536.00   | 0.32%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corp.                                                                                                   | Phoenix Civic Improvement Corp., Series 2019, RB                                                                                                     | CUSIP: 71883MPB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11425000 | PA      | $11704470.35  | 0.41%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                  | New York & New Jersey (States of) Port Authority, Series 2019, RB                                                                                    | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6635446.35   | 0.23%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group)                                                      | Illinois (State of) Finance Authority (Lutheran Communities Obligated Group), Series 2019 A, Ref. RB                                                 | CUSIP: 45204E6D5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3430000 | PA      | $2375275.00   | 0.08%             | 2035-11-01      | 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: 45204E6E3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $1554662.50   | 0.05%             | 2040-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                           | Broward (County of), FL, Series 2019 A, RB                                                                                                           | CUSIP: 114894YT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5530000 | PA      | $4908755.38   | 0.17%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) (Rebuild Illinois Program)                                                                                    | Illinois (State of) (Rebuild Illinois Program), Series 2019 B, GO Bonds                                                                              | CUSIP: 4521525Q0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4484479.49   | 0.16%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion)                                          | Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion), Series 2020, Ref. RB                                       | CUSIP: 592250DN1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   6645000 | PA      | $5712135.03   | 0.20%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                        | Metropolitan Washington Airports Authority, Series 2019 B, Ref. RB                                                                                   | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26045000 | PA      | $23085207.13  | 0.81%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)        | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2019 A, Ref. RB   | CUSIP: 882667AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1983074.60   | 0.07%             | 2038-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                      | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                                    | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   8722660 | PA      | $8950219.93   | 0.31%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Osceola (County of), FL                                                                                                           | Osceola (County of), FL, Series 2020 A-1, Ref. RB                                                                                                    | CUSIP: 688031EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2097484.27   | 0.07%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                           | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                        | CUSIP: 044293BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $464850.04    | 0.02%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                           | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                        | CUSIP: 044293BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $377179.22    | 0.01%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ashland (City of), KY (King's Daughters Medical Center)                                                                           | Ashland (City of), KY (King's Daughters Medical Center), Series 2019, Ref. RB                                                                        | CUSIP: 044293BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $371262.19    | 0.01%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp. (St. Ann's Community)                                                                  | Monroe County Industrial Development Corp. (St. Ann's Community), Series 2019, Ref. RB                                                               | CUSIP: 61075TUH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1785956.36   | 0.06%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                                    | Metropolitan Nashville Airport Authority (The), Series 2019 B, RB                                                                                    | CUSIP: 592190PF3<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5080228.00   | 0.18%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                               | New Hampshire (State of) Business Finance Authority, Series 2020-1A, RB                                                                              | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4537320 | PA      | $4619605.42   | 0.16%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Franklin Academy)                                                                                     | Capital Trust Agency, Inc. (Franklin Academy), Series 2020, RB                                                                                       | CUSIP: 14054DAM9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1753322.80   | 0.06%             | 2055-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                                                                                | Grand Parkway Transportation Corp., Series 2020, Ref. RB                                                                                             | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10300000 | PA      | $9571056.64   | 0.33%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                    | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Ref. RB                                                                             | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4040000 | PA      | $3514606.48   | 0.12%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                    | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-3, Ref. RB                                                                             | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21475000 | PA      | $1886808.53   | 0.07%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                                    | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Ref. RB                                                                             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20240000 | PA      | $17073004.70  | 0.60%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                              | District of Columbia, Series 2020 A, RB                                                                                                              | CUSIP: 25477GRY3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $6403449.40   | 0.22%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                | Kentucky (Commonwealth of) Public Energy Authority, Series 2020 A, RB                                                                                | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6013584.00   | 0.21%             | 2026-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                             | California (State of), Series 2020, Ref. GO Bonds                                                                                                    | CUSIP: 13063DVE5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5088450.00   | 0.18%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2020, GO Bonds                                                                                                           | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6679419.38   | 0.23%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                          | Guam (Territory of) Waterworks Authority, Series 2020 A, RB                                                                                          | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017123.00   | 0.07%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                         | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1297728.30   | 0.05%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                              | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 B-2, Ref. RB                       | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27695000 | PA      | $5322125.99   | 0.19%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $531079.90    | 0.02%             | 2040-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $497952.60    | 0.02%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $476670.20    | 0.02%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $747585.15    | 0.03%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $794310.40    | 0.03%             | 2049-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tampa (City of), FL                                                                                                               | Tampa (City of), FL, Series 2020 A, RB                                                                                                               | CUSIP: 875146BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $553584.24    | 0.02%             | 2053-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                   | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2020 A, RB                                                                   | CUSIP: 74443DFS5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2460571.50   | 0.09%             | 2050-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority (Green Bonds)                                                                                     | Transbay Joint Powers Authority (Green Bonds), Series 2020 A, RB                                                                                     | CUSIP: 89356CAT3<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006752.20   | 0.04%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                                | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                           | CUSIP: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1213094.75   | 0.04%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp.                                                                                            | New York State Urban Development Corp., Series 2020 A, RB                                                                                            | CUSIP: 650036AP1<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10045000 | PA      | $9276217.98   | 0.32%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas (County of), OR Hospital Facility Authority (Rose Villa)                                                                | Clackamas (County of), OR Hospital Facility Authority (Rose Villa), Series 2020 A, Ref. RB                                                           | CUSIP: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005928.80   | 0.04%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                      | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2020 B-2, Ref. RB                                                               | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526108.40   | 0.05%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                      | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2020 C, Ref. RB                                                                 | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3942446.70   | 0.14%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                                    | Washington Metropolitan Area Transit Authority, Series 2020 A, RB                                                                                    | CUSIP: 93878YAU3<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4798223.00   | 0.17%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Renaissance Charter School, Inc.)                                                              | Florida Development Finance Corp. (Renaissance Charter School, Inc.), Series 2020 C, Ref. RB                                                         | CUSIP: 34061UFC7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $3844613.96   | 0.13%             | 2050-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Social Bonds)                                                                | Arizona (State of) Industrial Development Authority (Social Bonds), Series 2020 A, RB                                                                | CUSIP: 04052FBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2268028.25   | 0.08%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta)                                                                     | New Hampshire (State of) Business Finance Authority (Covanta), Series 2020 A, Ref. RB                                                                | CUSIP: 63607YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $607441.51    | 0.02%             | 2040-07-02      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta Green Bonds)                                                         | New Hampshire (State of) Business Finance Authority (Covanta Green Bonds), Series 2020 B, Ref. RB                                                    | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $992079.27    | 0.03%             | 2040-07-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                   | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                | CUSIP: 87638RKF3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $480690.05    | 0.02%             | 2041-11-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                   | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                | CUSIP: 87638RKG1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $454288.40    | 0.02%             | 2051-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks)                                                   | Tarrant County Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks), Series 2020, Ref. RB                                                | CUSIP: 87638RKH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $456356.35    | 0.02%             | 2055-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield)                                                        | North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield), Series 2020, RB                                                          | CUSIP: 65820YRQ1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1050131.99   | 0.04%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield)                                                        | North Carolina (State of) Medical Care Commission (Pennybyrn at Maryfield), Series 2020, RB                                                          | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947552.50    | 0.03%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                         | Miami-Dade (County of), FL Transit System, Series 2020 A, RB                                                                                         | CUSIP: 59334PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4486195.00   | 0.16%             | 2050-07-01      | Fixed         | 4.00%                 | 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: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $3929744.97   | 0.14%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                               | Metropolitan Transportation Authority (Green Bonds), Series 2020 D-3, RB                                                                             | CUSIP: 59261AH91<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9088214.00   | 0.32%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District No. 2                                                                                   | Broadway Park North Metropolitan District No. 2, Series 2020, GO Bonds                                                                               | CUSIP: 111561AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1523576.00   | 0.05%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                   | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                | CUSIP: 13016NHB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2000468.00   | 0.07%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2020 B, RB                                                                                | CUSIP: 709225AW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093112.20   | 0.07%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                               | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                          | CUSIP: 50826FAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1428940.95   | 0.05%             | 2055-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                               | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                          | CUSIP: 50826FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4031200.80   | 0.14%             | 2040-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                               | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                          | CUSIP: 50826FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2892622.50   | 0.10%             | 2050-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lake (County of), FL (Lakeside at Waterman Village)                                                                               | Lake (County of), FL (Lakeside at Waterman Village), Series 2020 A, Ref. RB                                                                          | CUSIP: 50826FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3161231.37   | 0.11%             | 2030-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo)                                                            | Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo), Series 2020, RB                                                              | CUSIP: 483228DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2298332.23   | 0.08%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North)                                                 | New Hope Cultural Education Facilities Finance Corp. (Presbyterian Village North), Series 2020, RB                                                   | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4995000 | PA      | $4608539.85   | 0.16%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                                                                          | Sterling Ranch Community Authority Board, Series 2020 A, Ref. RB                                                                                     | CUSIP: 85950NAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2295000.00   | 0.08%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                               | Metropolitan Transportation Authority (Green Bonds), Series 2020 E, Ref. RB                                                                          | CUSIP: 59261AJ99<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4603182.50   | 0.16%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Mater Academy)                                                                                 | Florida Development Finance Corp. (Mater Academy), Series 2020 A, RB                                                                                 | CUSIP: 34061UFX1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   9405000 | PA      | $9070941.92   | 0.32%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority (Hudson County Courthouse)                                                                    | Hudson County Improvement Authority (Hudson County Courthouse), Series 2020, RB                                                                      | CUSIP: 443730QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9562536.00   | 0.33%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2020 B, GO Bonds                                                                                                         | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2944340.13   | 0.10%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                         | New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB                                                                        | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9214610.00   | 0.32%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX Toll Road Authority (The)                                                                                  | Harris (County of), TX Toll Road Authority (The), Series 2021, Ref. RB                                                                               | CUSIP: 41423PCB1<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   7725000 | PA      | $7100735.03   | 0.25%             | 2050-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds)                                                 | Arkansas (State of) Development Finance Authority (Big River Steel) (Green Bonds), Series 2020, RB                                                   | CUSIP: 04108WCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4888495.00   | 0.17%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                                                                                | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021, Ref. RB                                                                             | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5420643.00   | 0.19%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                  | Los Angeles (City of), CA Department of Airports, Series 2021 A, Ref. RB                                                                             | CUSIP: 544445SX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10278729.00  | 0.36%             | 2046-05-15      | 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 2012 C-4, VRD RB                                                                    | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.17%             | 2036-11-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Oregon (State of)                                                                                                                 | Oregon (State of), Series 2020 M, VRD GO Bonds                                                                                                       | CUSIP: 68609TXH6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.01%             | 2044-12-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                            | New York (City of), NY, Series 2021 F-1, GO Bonds                                                                                                    | CUSIP: 64966QVW7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10179697.00  | 0.36%             | 2050-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 A, Ref. RB                                                                           | CUSIP: 709225CD6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7800700.75   | 0.27%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Park Place of Elmhurst)                                                                    | Illinois (State of) Finance Authority (Park Place of Elmhurst), Series 2016, RB                                                                      | CUSIP: 45204FHC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    771928 | PA      | $567944.40    | 0.02%             | 2060-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                     | Denver (City & County of), CO, Series 2021 A, RB                                                                                                     | CUSIP: 24917DCR2<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8281879.20   | 0.29%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                      | Iowa (State of) Tobacco Settlement Authority, Series 2021 A-2, Ref. RB                                                                               | CUSIP: 888805CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003060.40   | 0.04%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                        | Miami-Dade (County of), FL, Series 2021, RB                                                                                                          | CUSIP: 59334DMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4515638.00   | 0.16%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Torrance Unified School District (Election of 2008-Measure Z)                                                                     | Torrance Unified School District (Election of 2008-Measure Z), Series 2009 B-1, GO Bonds                                                             | CUSIP: 891381D85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1228112.38   | 0.04%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                  | New York & New Jersey (States of) Port Authority, Ninety-Third Series 1994, RB                                                                       | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5258866.20   | 0.18%             | 2094-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Housing Finance Agency (Covenant House Apartments)                                                                | Ohio (State of) Housing Finance Agency (Covenant House Apartments), Series 2008 C, RB                                                                | CUSIP: 676900RD7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2846420.22   | 0.10%             | 2049-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Tampa Bay (City of), FL Water                                                                                                     | Tampa Bay (City of), FL Water, Series 2001 A, Ref. RB                                                                                                | CUSIP: 875128FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3329259.00   | 0.12%             | 2029-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Menifee Union School District (Election of 2008)                                                                                  | Menifee Union School District (Election of 2008), Series 2009 C, GO Bonds                                                                            | CUSIP: 586807DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $2393509.93   | 0.08%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village)                                           | Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village), Series 2007, RB                                             | CUSIP: 447297AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $642375.00    | 0.02%             | 2043-01-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Houston (City of), TX Convention & Entertainment Facilities Department                                                            | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                            | CUSIP: 44237NDN9<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3409362.36   | 0.12%             | 2027-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                           | District of Columbia Tobacco Settlement Financing Corp., Series 2006 A, RB                                                                           | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $5871072.50   | 0.21%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                     | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                | CUSIP: 66285WBU9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $1973674.84   | 0.07%             | 2029-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                        | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                  | CUSIP: 703373FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $3037389.08   | 0.11%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                        | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                  | CUSIP: 703373FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5010000 | PA      | $3030681.26   | 0.11%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                     | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                     | CUSIP: 82706TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1838514.00   | 0.06%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Convention & Entertainment Facilities Department                                                            | Houston (City of), TX Convention & Entertainment Facilities Department, Series 2001 B, RB                                                            | CUSIP: 44237NDM1<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8552950.00   | 0.30%             | 2026-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club)                                                           | Plano (City of), IL Special Service Area No. 10 (Lakewood Springs Club), Series 2007, RB                                                             | CUSIP: 72714MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $165000.00    | 0.01%             | 2037-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                                                | Tennessee Energy Acquisition Corp., Series 2021 A, RB                                                                                                | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5392210.00   | 0.19%             | 2031-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                        | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                  | CUSIP: 703373FJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $2988713.47   | 0.10%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District (Election of 2008)                                                                          | Beverly Hills Unified School District (Election of 2008), Series 2009, GO Bonds                                                                      | CUSIP: 088023JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $34741.55     | 0.00%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                             | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                       | CUSIP: 284047HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $4169581.28   | 0.15%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District (Election of 2004)                                                                                 | Clovis Unified School District (Election of 2004), Series 2004 A, GO Bonds                                                                           | CUSIP: 189342US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1435415.78   | 0.05%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| El Segundo Unified School District (Election of 2008)                                                                             | El Segundo Unified School District (Election of 2008), Series 2009 A, GO Bonds                                                                       | CUSIP: 284047HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4185000 | PA      | $3347596.15   | 0.12%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Diversey/Narragansett)                                                                                     | Chicago (City of), IL (Diversey/Narragansett), Series 2006, COP                                                                                      | CUSIP: 16752QAB4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    210275 | PA      | $124062.47    | 0.00%             | 2026-02-15      | Fixed         | 7.46%                 | No            |                  3 | On Loan: No      |
| North Texas Tollway Authority                                                                                                     | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                | CUSIP: 66285WBT2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  12800000 | PA      | $12033445.12  | 0.42%             | 2028-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harris (County of), TX                                                                                                            | Harris (County of), TX, Series 2007 C, Ref. GO Bonds                                                                                                 | CUSIP: 4140044A6<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $7597962.70   | 0.27%             | 2031-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                     | North Texas Tollway Authority, Series 2008 D, Ref. RB                                                                                                | CUSIP: 66285WBW5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4710000 | PA      | $4033530.49   | 0.14%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Sustainability Bonds)                                                 | Massachusetts (Commonwealth of) (Rail Enhancement Program) (Sustainability Bonds), Series 2021, RB                                                   | CUSIP: 57604THK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9564147.00   | 0.33%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health)                                                 | Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Health), Series 2022 A, Ref. RB                                            | CUSIP: 97712D8T6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   9460000 | PA      | $9179581.95   | 0.32%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                                                                         | West Contra Costa Unified School District, Series 2005, GO Bonds                                                                                     | CUSIP: 952347RR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7865000 | PA      | $7479651.18   | 0.26%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District (Election of 2006)                                                                           | Corona-Norco Unified School District (Election of 2006), Series 2009 C, GO Bonds                                                                     | CUSIP: 219764LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $559205.40    | 0.02%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                        | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                  | CUSIP: 703373FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $781873.44    | 0.03%             | 2037-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                                       | Reunion East Community Development District, Series 2005, RB                                                                                         | CUSIP: 761311AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    197186 | PA      | $1.97         | 0.00%             | 2036-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District (Election of 2008)                                                                        | Patterson Joint Unified School District (Election of 2008), Series 2009 B, GO Bonds                                                                  | CUSIP: 703373FH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5260000 | PA      | $3015257.65   | 0.11%             | 2040-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                                           | District of Columbia Tobacco Settlement Financing Corp., Series 2006 C, RB                                                                           | CUSIP: 254842BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34000000 | PA      | $3379776.80   | 0.12%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                         | New Jersey (State of) Transportation Trust Fund Authority, Series 2006 C, RB                                                                         | CUSIP: 646136TH4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9714236.00   | 0.34%             | 2026-12-15      | None          | 0.00%                 | 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        |  22000000 | PA      | $12287572.00  | 0.43%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Salt Lake City (City of), UT                                                                                                      | Salt Lake City (City of), UT, Series 2021 A, RB                                                                                                      | CUSIP: 795576KB2<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10204977.00  | 0.36%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan (State of) Building Authority (Facilities Program)                                                                       | Michigan (State of) Building Authority (Facilities Program), Series 2021 I, RB                                                                       | CUSIP: 594615JY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6635988.10   | 0.23%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                        | Miami-Dade (County of), FL, Subseries 2021 A-2, Ref. RB                                                                                              | CUSIP: 59335KDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11290000 | PA      | $10438242.89  | 0.37%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                        | Miami-Dade (County of), FL, Subseries 2021 A-1, Ref. RB                                                                                              | CUSIP: 59335KDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28000000 | PA      | $26718599.60  | 0.93%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX (United Airlines, Inc.)                                                                                     | Houston (City of), TX (United Airlines, Inc.), Series 2021 B-1, RB                                                                                   | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5052117.27   | 0.18%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny (County of), PA Airport Authority                                                                                       | Allegheny (County of), PA Airport Authority, Series 2021 A, RB                                                                                       | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15033235.50  | 0.53%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2021 B, Ref. RB                                                                           | CUSIP: 709221WV3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5995000 | PA      | $5441592.56   | 0.19%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority                                                                                | South Carolina (State of) Public Service Authority, Series 2021 B, RB                                                                                | CUSIP: 837151YT0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3478666.95   | 0.12%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp. (Barclays Center)                                                                          | Brooklyn Arena Local Development Corp. (Barclays Center), Series 2009, RB                                                                            | CUSIP: 113807AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3424215.50   | 0.12%             | 2035-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                      | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2021 C-1A, RB                                                                   | CUSIP: 89602HBF3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4115000 | PA      | $4252071.06   | 0.15%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), OH (Dayton Children's Hospital)                                                                           | Montgomery (County of), OH (Dayton Children's Hospital), Series 2021, Ref. RB                                                                        | CUSIP: 613520PB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2353945.00   | 0.08%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (Cottage View Terrace Apartments)                                                                           | Chicago (City of), IL (Cottage View Terrace Apartments), Series 2000 A, RB                                                                           | CUSIP: 167570JK7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100565.62   | 0.04%             | 2042-02-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp. (Bidding Group 3)                                                                          | New York State Urban Development Corp. (Bidding Group 3), Series 2021 A, Ref. RB                                                                     | CUSIP: 64985TCS8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9433442.00   | 0.33%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                         | Omaha (City of), NE Public Power District, Series 2021 A, RB                                                                                         | CUSIP: 682001HA3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4592248.00   | 0.16%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Green Bonds)                                                                       | Wisconsin (State of) Public Finance Authority (Green Bonds), Series 2021, RB                                                                         | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4455547.25   | 0.16%             | 2056-03-31      | 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 2021, RB                                      | CUSIP: 97712JDM2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10170000 | PA      | $9292512.06   | 0.33%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (County of), CA Regional Airport Authority                                                                              | San Diego (County of), CA Regional Airport Authority, Series 2021 B, RB                                                                              | CUSIP: 79739GNU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15359412.00  | 0.54%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                         | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021 A-1, RB                                       | CUSIP: 64542UFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15000.00     | 0.00%             | 2037-11-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community)                                         | New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community), Series 2021, RB                                           | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    373274 | PA      | $160515.32    | 0.01%             | 2061-11-15      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| Harris (County of), TX Port Authority of Houston                                                                                  | Harris (County of), TX Port Authority of Houston, Series 2021, RB                                                                                    | CUSIP: 734262FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7065000 | PA      | $6610945.17   | 0.23%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                         | Golden State Tobacco Securitization Corp., Series 2021 B-2, Ref. RB                                                                                  | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  78500000 | PA      | $8449528.05   | 0.30%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL (Convention Center Expansion)                                                                             | Broward (County of), FL (Convention Center Expansion), Series 2021, RB                                                                               | CUSIP: 115085AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $13548096.00  | 0.47%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds)                                     | Ohio (State of) Water Development Authority (Water Pollution Control Loan Fund) (Green Bonds), Series 2021 A, RB                                     | CUSIP: 67766WE57<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   6540000 | PA      | $6341467.84   | 0.22%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                             | New York (City of), NY Transitional Finance Authority, Series 2022 C-1, RB                                                                           | CUSIP: 64971XL97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5463481.80   | 0.19%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University)                                      | Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2022, Ref. RB                                   | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5345000 | PA      | $5382909.95   | 0.19%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 2                                                                                         | Colliers Hill Metropolitan District No. 2, Series 2022 B-1, Ref. GO Bonds                                                                            | CUSIP: 194689AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4302000 | PA      | $4225424.83   | 0.15%             | 2047-12-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Broward (County of), FL                                                                                                           | Broward (County of), FL, Series 2022 A, RB                                                                                                           | CUSIP: 115117NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5005000 | PA      | $4787383.10   | 0.17%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC)                                              | Virginia (Commonwealth of) Small Business Financing Authority (95 Express Lanes LLC), Series 2022, Ref. RB                                           | CUSIP: 928104PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5159734.65   | 0.18%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes)                                                   | Virginia (Commonwealth of) Small Business Financing Authority (I-495 Hot Lanes), Series 2022, Ref. RB                                                | CUSIP: 928104QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005931.50   | 0.18%             | 2057-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority (Green Bonds)                                                                        | District of Columbia Water & Sewer Authority (Green Bonds), Series 2022 C-1, RB                                                                      | CUSIP: 254845SU5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9261949.00   | 0.32%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                             | California (State of), Series 2022, GO Bonds                                                                                                         | CUSIP: 13063DP51<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2142494.08   | 0.07%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                     | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                             | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4448930.00   | 0.16%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                   | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2022 A, RB                                                                   | CUSIP: 74443DHC8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2659030.15   | 0.09%             | 2050-02-01      | Fixed         | 6.12%                 | 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: 650116FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1367382.42   | 0.05%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds)                                                                   | Maryland Economic Development Corp. (Purple Line) (Green Bonds), Series 2022 B, RB                                                                   | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4296037.73   | 0.15%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds)                                                                   | Maryland Economic Development Corp. (Purple Line) (Green Bonds), Series 2022, RB                                                                     | CUSIP: 57422JBY3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |  14465000 | PA      | $14556580.81  | 0.51%             | 2047-06-30      | Fixed         | 5.25%                 | 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: 650116FM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2876164.47   | 0.10%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Iowa Fertilizer Co.)                                                                           | Iowa (State of) Finance Authority (Iowa Fertilizer Co.), Series 2022, Ref. RB                                                                        | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  10215000 | PA      | $11752803.90  | 0.41%             | 2042-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 John F. Kennedy International Airport)                                      | New York Transportation Development Corp. (Terminal 4 John F. Kennedy International Airport), Series 2022, RB                                        | CUSIP: 650116FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $8338504.39   | 0.29%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hayward Unified School District (Election of 2008)                                                                                | Hayward Unified School District (Election of 2008), Series 2010 A, GO Bonds                                                                          | CUSIP: 421290Z75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1141494.75   | 0.04%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA Department of Aviation                                                                                      | Atlanta (City of), GA Department of Aviation, Series 2022 B, RB                                                                                      | CUSIP: 04780MF61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10215000 | PA      | $10465067.29  | 0.37%             | 2047-07-01      | 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: 59334KFV5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3353117.51   | 0.12%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels)                                                                      | Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels), Series 2022 A, RB                                                                      | CUSIP: 896035BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5231078.50   | 0.18%             | 2057-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                     | Denver (City & County of), CO, Series 2022 A, RB                                                                                                     | CUSIP: 249182QU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8146938.00   | 0.28%             | 2042-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport)                                                     | Dallas & Fort Worth (Cities of), TX (Dallas/Fort Worth International Airport), Series 2022 B, Ref. RB                                                | CUSIP: 23503CBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4772297.00   | 0.17%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                              | District of Columbia, Series 2022 A, RB                                                                                                              | CUSIP: 25477GUW3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  11675000 | PA      | $12220580.92  | 0.43%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                    | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022 G, RB                                                                    | CUSIP: 544445B81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10810000 | PA      | $12078053.00  | 0.42%             | 2037-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Green Bonds)                                                                    | Los Angeles (City of), CA Department of Airports (Green Bonds), Series 2022 G, RB                                                                    | CUSIP: 544445B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6666684.00   | 0.23%             | 2038-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (Green Bonds)                                                                   | Arkansas (State of) Development Finance Authority (Green Bonds), Series 2022, RB                                                                     | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5020941.50   | 0.18%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| El Paso (City of), TX                                                                                                             | El Paso (City of), TX, Series 2022 A, RB                                                                                                             | CUSIP: 283822XE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9402491.00   | 0.33%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                              | Chicago (City of), IL (O'Hare International Airport), Series 2022 A, RB                                                                              | CUSIP: 167593Y22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15287869.50  | 0.53%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                            | New York (City of), NY, Series 2022 A-1, GO Bonds                                                                                                    | CUSIP: 64966QG61<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8024388.00   | 0.28%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Social Bonds)                                                                | New Hampshire (State of) Business Finance Authority (Social Bonds), Series 2022-2A, RB                                                               | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6426965 | PA      | $6365860.82   | 0.22%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                              | Chicago (City of), IL (O'Hare International Airport), Series 2022, RB                                                                                | CUSIP: 167593X64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5070329.00   | 0.18%             | 2048-01-01      | 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 2022, Ref. RB                                                              | CUSIP: 54811BZT1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   4265000 | PA      | $4642466.57   | 0.16%             | 2052-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                          | New Jersey (State of) Turnpike Authority, Series 2022 B, RB                                                                                          | CUSIP: 646140EU3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12741901.20  | 0.45%             | 2052-01-01      | Fixed         | 5.25%                 | 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        |   5445000 | PA      | $5853142.50   | 0.20%             | 2029-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                         | Omaha (City of), NE Public Power District, Series 2021 A, RB                                                                                         | CUSIP: 682001HD7<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4632133.50   | 0.16%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District (Green Bonds)                                                                                 | Los Angeles Unified School District (Green Bonds), Series 2022 QRR, GO Bonds                                                                         | CUSIP: 544647GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5399775.50   | 0.19%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University)                                         | Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University), Series 2022, RB                                           | CUSIP: 71780TBK8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8323428.80   | 0.29%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                                                                                    | Metropolitan Nashville Airport Authority (The), Series 2022 B, RB                                                                                    | CUSIP: 592190QZ8<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11806484.63  | 0.41%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                         | New Jersey (State of) Transportation Trust Fund Authority, Series 2022, RB                                                                           | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5972867.00   | 0.21%             | 2032-12-15      | Fixed         | 5.50%                 | 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        |    193959 | NS      | $9861767.77   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                          | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023, RB                                                            | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5282636.50   | 0.18%             | 2029-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges)                                   | Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major Bridges), Series 2022, RB                                     | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12205962.00  | 0.43%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                                                                                | Spring Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 850001AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4695895.00   | 0.16%             | 2052-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                                                                    | Lamar Consolidated Independent School District, Series 2023, GO Bonds                                                                                | CUSIP: 513174H96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4626979.50   | 0.16%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                     | Main Street Natural Gas, Inc., Series 2023 B, RB                                                                                                     | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5304969.00   | 0.19%             | 2030-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                              | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                                   | CUSIP: 7352403K7<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5262625.50   | 0.18%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                             | New York (City of), NY Transitional Finance Authority, Series 2023 F-1, RB                                                                           | CUSIP: 64971X7C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5346506.50   | 0.19%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                                              | District of Columbia, Series 2023 A, GO Bonds                                                                                                        | CUSIP: 25476FA57<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6820000 | PA      | $7264484.63   | 0.25%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                                      | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2023 A, RB                                                                      | CUSIP: 93878YCT4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8028026.25   | 0.28%             | 2051-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority                                                                     | San Diego (City of), CA Public Facilities Financing Authority, Series 2023 A, RB                                                                     | CUSIP: 79730CLN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9712988.00   | 0.34%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                                                                     | Cypress-Fairbanks Independent School District, Series 2023, GO Bonds                                                                                 | CUSIP: 232769MN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6362099.78   | 0.22%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Water Resources Board (2019 Master Trust)                                                                     | Oklahoma (State of) Water Resources Board (2019 Master Trust), Series 2023, RB                                                                       | CUSIP: 67919PUH4<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3483331.70   | 0.12%             | 2053-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                                                                  | Katy Independent School District, Series 2023, GO Bonds                                                                                              | CUSIP: 486063S50<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   6025000 | PA      | $5609152.09   | 0.20%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of)                                                                                                              | Louisiana (State of), Series 2023 A-1, Ref. VRD RB                                                                                                   | CUSIP: 546475VV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.17%             | 2043-05-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds)                                                | Arkansas (State of) Development Finance Authority (U.S. Steel Corp.) (Green Bonds), Series 2023, RB                                                  | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5101492.00   | 0.18%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL                                                                                                           | Manatee (County of), FL, Series 2023, Ref. RB                                                                                                        | CUSIP: 561851LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4721794.00   | 0.17%             | 2048-10-01      | 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 2023-1, RB                                                                | CUSIP: 13033DAL9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3418357 | PA      | $3536291.86   | 0.12%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                         | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                                    | CUSIP: 79625GGS6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5558786.63   | 0.19%             | 2046-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio (City of), TX                                                                                                         | San Antonio (City of), TX, Series 2023 A, Ref. RB                                                                                                    | CUSIP: 79625GGT4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5381539.00   | 0.19%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                     | Main Street Natural Gas, Inc., Series 2023 C, RB                                                                                                     | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6405691.80   | 0.22%             | 2030-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority (City of Sherman)                                                                                | Greater Texoma Utility Authority (City of Sherman), Series 2023 A, RB                                                                                | CUSIP: 39239MAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $11318344.98  | 0.40%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wildwood (City of), FL Village Community Development Disctrict No. 15                                                             | Wildwood (City of), FL Village Community Development Disctrict No. 15, Series 2023, RB                                                               | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6024052.20   | 0.21%             | 2054-05-01      | Fixed         | 5.25%                 | 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 2023, RB                                                                     | CUSIP: 64966WHK6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10023504.00  | 0.35%             | 2053-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1)                                 | Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1), Series 2023, RB                                   | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10477020.00  | 0.37%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Indiana University Health Obligated Group)                                                  | Indiana (State of) Finance Authority (Indiana University Health Obligated Group), Series 2023 A, RB                                                  | CUSIP: 45470YFK2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  11820000 | PA      | $12168571.80  | 0.43%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jarrell Independent School District                                                                                               | Jarrell Independent School District, Series 2023, GO Bonds                                                                                           | CUSIP: 471146XB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9460000 | PA      | $8977858.80   | 0.31%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                                                                                         | Medina Valley Independent School District, Series 2023, GO Bonds                                                                                     | CUSIP: 584887UR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5039071.40   | 0.18%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                                                | Forney Independent School District, Series 2023, GO Bonds                                                                                            | CUSIP: 346425JY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16110000 | PA      | $14771615.03  | 0.52%             | 2053-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes)        | Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC - North Tarrant Express Managed Lanes), Series 2023, RB          | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5215192.50   | 0.18%             | 2058-12-31      | 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 2007, RB                                                               | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10024496.00  | 0.35%             | 2028-06-15      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Placentia-Yorba Linda Unified School District (Election of 2008)                                                                  | Placentia-Yorba Linda Unified School District (Election of 2008), Series 2011 D, GO Bonds                                                            | CUSIP: 725894JY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1113956.70   | 0.04%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                     | Main Street Natural Gas, Inc., Series 2023 E-1, RB                                                                                                   | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5365247.50   | 0.19%             | 2031-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                                                                            | Patriots Energy Group Financing Agency, Series 2023 A-1, RB                                                                                          | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7905107.10   | 0.28%             | 2031-08-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District (Election of 2018) (Green Bonds)                                                                | San Diego Unified School District (Election of 2018) (Green Bonds), Series 2023, GO Bonds                                                            | CUSIP: 797356JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9597670.00   | 0.34%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), NE Public Power District                                                                                         | Omaha (City of), NE Public Power District, Series 2023 A, RB                                                                                         | CUSIP: 682001JV5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5286543.50   | 0.18%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (Vandalia Health Group)                                                       | West Virginia (State of) Hospital Finance Authority (Vandalia Health Group), Series 2023 B, RB                                                       | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4348006.40   | 0.15%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)                                            | New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2023, RB                                              | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11041004.00  | 0.39%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                          | Chicago (City of), IL Board of Education, Series 2023 A, GO Bonds                                                                                    | CUSIP: 167505ZG4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6550889.80   | 0.23%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                                                                      | Salt River Project Agricultural Improvement & Power District, Series 2023 B, RB                                                                      | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |  12280000 | PA      | $13077531.97  | 0.46%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                  | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                    | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15604126.50  | 0.55%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                  | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                    | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8215000 | PA      | $8244351.37   | 0.29%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                | Kentucky (Commonwealth of) Public Energy Authority, Series 2023 A-1, Ref. RB                                                                         | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5426758.00   | 0.19%             | 2032-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                                 | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                                   | CUSIP: 798055MV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251391.25   | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority (Groundwater Reduction Plan Division)                                                                 | San Jacinto River Authority (Groundwater Reduction Plan Division), Series 2011, RB                                                                   | CUSIP: 798055MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000922.70   | 0.04%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                                                                   | Garden State Preservation Trust, Series 2005 A, RB                                                                                                   | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3805000 | PA      | $4013754.10   | 0.14%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                         | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                            | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5270200.00   | 0.18%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                         | Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.                                                                                            | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6460000 | PA      | $6719504.66   | 0.24%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jefferson (County of), AL                                                                                                         | Jefferson (County of), AL, Series 2024, Ref. RB                                                                                                      | CUSIP: 472682ZQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5277126.50   | 0.18%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                           | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                             | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8035103.25   | 0.28%             | 2032-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee)                                       | Knox (County of), TN Health, Educational & Housing Facility Board (University of Tennessee), Series 2024 A-1, RB                                     | CUSIP: 499526AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1301011.63   | 0.05%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation)                                                      | Louisiana (State of) Public Facilities Authority (Ochsner Clinic Foundation), Series 2002 B, RB                                                      | CUSIP: 546398DJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1023165.35   | 0.04%             | 2026-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group)                                                       | Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group), Series 2024, RB                                                         | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1862957.81   | 0.07%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group)                                                       | Rhode Island Health & Educational Building Corp. (Lifespan Obligated Group), Series 2024, RB                                                         | CUSIP: 762244MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6555000 | PA      | $6667099.02   | 0.23%             | 2054-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Energy Authority                                                                                | Kentucky (Commonwealth of) Public Energy Authority, Series 2024 A, RB                                                                                | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3797138.35   | 0.13%             | 2030-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wylie Independent School District                                                                                                 | Wylie Independent School District, Series 2024, GO Bonds                                                                                             | CUSIP: 98306ECC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5740000 | PA      | $6091670.86   | 0.21%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                  | Ballston Quarter Community Development Authority, Series 2016 A-1, RB                                                                                | CUSIP: 058696AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $956901.12    | 0.03%             | 2046-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ballston Quarter Community Development Authority                                                                                  | Ballston Quarter Community Development Authority, Series 2016 A-2, RB                                                                                | CUSIP: 058696AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2293000 | PA      | $2110919.75   | 0.07%             | 2059-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                                     | Main Street Natural Gas, Inc., Series 2024 B, RB                                                                                                     | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7565000 | PA      | $8172244.06   | 0.29%             | 2032-03-01      | Variable      | 5.00%                 | 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        |   3895000 | PA      | $4273715.13   | 0.15%             | 2032-09-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                                                                          | Suffolk Regional Off-Track Betting Corp., Series 2024, RB                                                                                            | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5170000 | PA      | $5249823.25   | 0.18%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                             | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2024 A, Ref. RB                                                        | CUSIP: 19648FXU3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  13345000 | PA      | $13826818.56  | 0.48%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.)                                | New Hampshire (State of) Housing Finance Authority (University Hospitals Home Care Services, Inc.), Series 2024, RB                                  | CUSIP: 63610JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1984844.42   | 0.07%             | 2033-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| West Point Metropolitan District Park Ridge Subdistrict                                                                           | West Point Metropolitan District Park Ridge Subdistrict, Series 2024, GO Bonds                                                                       | CUSIP: 700830AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207313.88   | 0.04%             | 2048-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Energy Southeast, A Cooperative District                                                                                          | Energy Southeast, A Cooperative District, Series 2024 B, RB                                                                                          | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4895376.75   | 0.17%             | 2032-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                                   | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                                | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $1950000.00   | 0.07%             | 2028-07-15      | Variable      | 12.00%                | 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: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9943697.00   | 0.35%             | 2044-07-01      | 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: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  15125000 | PA      | $15104895.85  | 0.53%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Valparaiso (City of), IN (Pratt Paper, LLC)                                                                                       | Valparaiso (City of), IN (Pratt Paper, LLC), Series 2024, Ref. RB                                                                                    | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025865.10   | 0.11%             | 2044-01-01      | Fixed         | 4.88%                 | 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: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10900000 | PA      | $9047000.00   | 0.32%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-South Carolina Jobs-Economic Development Authority                                                 | South Carolina (State of) Jobs-South Carolina Jobs-Economic Development Authority, Series 2024, RB                                                   | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10703987.00  | 0.37%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority)                                                                    | South Carolina (State of) Jobs-Economic Development Authority, Series 2024, RB                                                                       | CUSIP: 837032CB5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2699168.50   | 0.09%             | 2048-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2024 B, GO Bonds                                                                                                         | CUSIP: 452153KB4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4763890.80   | 0.17%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                                                                                       | Black Desert Public Infrastructure District, Series 2024, RB                                                                                         | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058545.00   | 0.18%             | 2053-12-01      | Fixed         | 5.62%                 | 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        |   3865000 | PA      | $4186264.60   | 0.15%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Dakota (State of) Housing Finance Agency (Social Bonds)                                                                     | North Dakota (State of) Housing Finance Agency (Social Bonds), Series 2024 C, RB                                                                     | CUSIP: 6589098C3<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $3225898.50   | 0.11%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                  | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                    | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2917696.34   | 0.10%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)                  | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                    | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10135992.00  | 0.35%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System)                                  | Wisconsin (State of) Health & Educational Facilities Authority (Marshfield Clinic Health System), Series 2024, RB                                    | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5287103.50   | 0.18%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Public Service Authority (Santee Cooper)                                                                | South Carolina (State of) Public Service Authority (Santee Cooper), Series 2024 B, Ref. RB                                                           | CUSIP: 8371515A3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6575278.75   | 0.23%             | 2054-12-01      | Fixed         | 5.25%                 | 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      | $4907674.87   | 0.17%             | 2051-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                              | Portland (Port of), OR (Green Bonds), Series 2024, RB                                                                                                | CUSIP: 7352404H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10919300.70  | 0.38%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge)                                                    | Louisiana (State of) Public Facilities Authority (I-10 Calcasieu River Bridge), Series 2024, RB                                                      | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  15470000 | PA      | $15814277.12  | 0.55%             | 2059-09-01      | Fixed         | 5.50%                 | 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 2024 A, Ref. RB                            | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5306431.50   | 0.19%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                                               | Atlanta Development Authority (The), Series 2024, Revenue Ctfs.                                                                                      | CUSIP: 04780NMY0<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5380581.60   | 0.19%             | 2048-12-15      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (O'Hare International Airport)                                                                              | Chicago (City of), IL (O'Hare International Airport), Series 2024 A, RB                                                                              | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $11183618.45  | 0.39%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Seattle (Port of), WA                                                                                                             | Seattle (Port of), WA, Series 2024, Ref. RB                                                                                                          | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5218991.00   | 0.18%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Magnolia Independent School District                                                                                              | Magnolia Independent School District, Series 2023, GO Bonds                                                                                          | CUSIP: 559686YP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $358703.17    | 0.01%             | 2032-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Independent School District                                                                                              | Magnolia Independent School District, Series 2023, GO Bonds                                                                                          | CUSIP: 559686YQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5825000 | PA      | $5567286.86   | 0.19%             | 2047-08-15      | Fixed         | 4.00%                 | 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: 988514DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10990000 | PA      | $11450619.47  | 0.40%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                               | Lee (County of), FL, Series 2024, RB                                                                                                                 | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11470000 | PA      | $11916256.41  | 0.42%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL                                                                                                               | Lee (County of), FL, Series 2024, RB                                                                                                                 | CUSIP: 523470HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5153152.50   | 0.18%             | 2054-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Municipal Water Finance Authority                                                                          | New York (City of), NY Municipal Water Finance Authority, Series 2024 AA, RB                                                                         | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5306827.50   | 0.19%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project)                                 | Sierra (City of), AZ Vista Industrial Development Authority (American Leadership Academy Project), Series 2024, RB                                   | CUSIP: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3860000 | PA      | $3432043.73   | 0.12%             | 2059-06-15      | 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: 967249RM7<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1463409.75   | 0.05%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                               | Illinois (State of), Series 2024 C, GO Bonds                                                                                                         | CUSIP: 452153MJ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8750000 | PA      | $7764767.50   | 0.27%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morrow (Port of), OR (Bonneville Cooperation Project No. 4)                                                                       | Morrow (Port of), OR (Bonneville Cooperation Project No. 4), Series 2024 A, GO Bonds                                                                 | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000190.80   | 0.07%             | 2026-10-01      | Fixed         | 5.15%                 | 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: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    999832 | PA      | $996722.99    | 0.03%             | 2034-10-01      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Two Step)                                                                          | Wisconsin (State of) Public Finance Authority (Two Step), Series 2024, RB                                                                            | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $804125.30    | 0.03%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia)                             | Philadelphia (City of), PA Authority for Industrial Development (Children's Hospital of Philadelphia), Series 2024, RB                               | CUSIP: 717901CB6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11901794.30  | 0.42%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Higher Educational Facility Commission (Xavier University)                                                        | Ohio (State of) Higher Educational Facility Commission (Xavier University), Series 2024, Ref. RB                                                     | CUSIP: 67756DS80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1242036.42   | 0.04%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                    | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                 | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9305000 | PA      | $9466511.54   | 0.33%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds)                                    | New York Transportation Development Corp. (Terminal 4 JFK International Airport) (Green Bonds), Series 2024, Ref. RB                                 | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10222315.00  | 0.36%             | 2060-12-31      | Fixed         | 5.50%                 | 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 2024, Ref. RB                                               | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $980684.40    | 0.03%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Crowfoot Valley Ranch Metropolitan District No. 2                                                                                 | Crowfoot Valley Ranch Metropolitan District No. 2, Series 2024 A, Ref. GO Bonds                                                                      | CUSIP: 22802CAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2109551.18   | 0.07%             | 2049-12-01      | Fixed         | 4.25%                 | 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        |   8765000 | PA      | $9292819.54   | 0.33%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Vrain Lakes Metropolitan District No. 2                                                                                       | St. Vrain Lakes Metropolitan District No. 2, Series 2024 B, Ref. GO Bonds                                                                            | CUSIP: 85236GBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001444.90   | 0.04%             | 2054-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (United Airlines, Inc.)                                                                      | Houston (City of), TX Airport System (United Airlines, Inc.), Series 2024 B, RB                                                                      | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10751956.00  | 0.38%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Thomas Ranch)                                                                | New Hampshire (State of) Business Finance Authority (Thomas Ranch), Series 2024, RB                                                                  | CUSIP: 63608TAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10235000 | PA      | $5757532.42   | 0.20%             | 2034-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Center District                                                                                              | Wisconsin (State of) Center District, Series 2020, RB                                                                                                | CUSIP: 976595JG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $4601380.00   | 0.16%             | 2060-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                     | Wisconsin (State of) Public Finance Authority, Series 2023 B, RB                                                                                     | CUSIP: 74448GAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $5400000.00   | 0.19%             | 2062-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Omaha (City of), Airport Authority                                                                                                | Omaha (City of), Airport Authority, Series 2024, RB                                                                                                  | CUSIP: 681725NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11480000 | PA      | $11992731.24  | 0.42%             | 2054-12-15      | Fixed         | 5.25%                 | 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 2024, VRD RB                            | CUSIP: 70917TSU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.02%             | 2061-11-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Anchorage (City of), AK Municipality                                                                                              | Anchorage (City of), AK Municipality, Series 2024 A, RB                                                                                              | CUSIP: 033252CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14120000 | PA      | $14864249.67  | 0.52%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                                                                                | Greater Orlando Aviation Authority, Series 2024, RB                                                                                                  | CUSIP: 392275FK4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10401121.00  | 0.36%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                           | New York (State of) Dormitory Authority, Series 2021, RB                                                                                             | CUSIP: 64990KFU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    630000 | PA      | $683105.72    | 0.02%             | 2032-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                           | New York (State of) Dormitory Authority, Series 2021, RB                                                                                             | CUSIP: 64990KFV0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10225000 | PA      | $10266244.58  | 0.36%             | 2040-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                             | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, RB                                                               | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1625000.00   | 0.06%             | 2028-07-15      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)                                               | Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group), Series 2025, Ref. RB                                            | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10473233.00  | 0.37%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund)                                                                  | Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB                                                                    | CUSIP: 896032BB4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1591046.85   | 0.06%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund)                                                                  | Triborough Bridge & Tunnel Authority (TBTA Capital Lockbox Fund), Series 2025, RB                                                                    | CUSIP: 896032BC2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487798.10   | 0.05%             | 2056-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (St. Luke's Health ystem)                                                            | Idaho (State of) Health Facilities Authority (St. Luke's Health ystem), Series 2025, Ref. RB                                                         | CUSIP: 451295H36<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   5265000 | PA      | $5511305.12   | 0.19%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oklahoma (State of) Turnpike Authority (Senior Bonds)                                                                             | Oklahoma (State of) Turnpike Authority (Senior Bonds), Series 2025 A, RB                                                                             | CUSIP: 679111E91<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $14142814.40  | 0.49%             | 2054-01-01      | Fixed         | 5.50%                 | 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: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15750000 | PA      | $16673131.13  | 0.58%             | 2055-01-01      | Fixed         | 5.50%                 | 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: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10631743.00  | 0.37%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                     | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2025 A, RB                                     | CUSIP: 79766DXP9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10484656.00  | 0.37%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority (Green Bonds)                                                                        | Metropolitan Atlanta Rapid Transit Authority (Green Bonds), Series 2025 A, RB                                                                        | CUSIP: 591746BZ4<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   8720000 | PA      | $9446852.98   | 0.33%             | 2050-07-01      | Fixed         | 5.25%                 | 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 2025, RB                                      | CUSIP: 97712JMT7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5192543.50   | 0.18%             | 2055-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp. (Southwest Airlines Co.)                                                                   | Love Field Airport Modernization Corp. (Southwest Airlines Co.), Series 2012, RB                                                                     | CUSIP: 54714FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1070562.39   | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Thedacare Health Inc.)                                  | Wisconsin (State of) Health & Educational Facilities Authority (Froedtert Thedacare Health Inc.), Series 2025, RB                                    | CUSIP: 97712JNL3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.35%             | 2025-12-05      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| King (County of), WA                                                                                                              | King (County of), WA, Series 2025, RB                                                                                                                | CUSIP: 495290GV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.05%             | 2065-01-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline West Passenger Rail)                                                                | Florida Development Finance Corp. (Brightline West Passenger Rail), Series 2022, RB                                                                  | CUSIP: 340618EB9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1875000.00   | 0.07%             | 2026-06-15      | Variable      | 10.00%                | 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        |   5000000 | PA      | $5000095.50   | 0.17%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marion (City of), IL (Star Bond District Area No. 1)                                                                              | Marion (City of), IL (Star Bond District Area No. 1), Series 2025, RB                                                                                | CUSIP: 569498AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514114.50   | 0.09%             | 2055-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                              | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                              | CUSIP: 64542UHG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2582349.50   | 0.09%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                              | New Hope Cultural Education Facilities Finance Corp., Series 2025 A, RB                                                                              | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3732514.56   | 0.13%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.)                                            | West Virginia (State of) Economic Development Authority (Core Natural Resources, Inc.), Series 2025, Ref. RB                                         | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069225.30   | 0.04%             | 2035-03-27      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Covenant Living Communinities and Services)                                      | Colorado (State of) Health Facilities Authority (Covenant Living Communinities and Services), Series 2025, Ref. RB                                   | CUSIP: 19648FZJ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004518.40   | 0.14%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp.                                                                                                  | Onondaga Civic Development Corp., Series 2025, RB                                                                                                    | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5496983.50   | 0.19%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Brown University)                                                     | Massachusetts (Commonwealth of) Development Finance Agency (Brown University), Series 2025, RB                                                       | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562948.70   | 0.05%             | 2050-08-15      | Fixed         | 5.50%                 | 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        |   4500000 | PA      | $5192981.10   | 0.18%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority                                                                                             | Illinois (State of) Finance Authority, Series 2025, Ref. RB                                                                                          | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2488397.25   | 0.09%             | 2046-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Harris County Hospital District                                                                                                   | Harris County Hospital District, Series 2025, GO Bonds                                                                                               | CUSIP: 41415UCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7644122.50   | 0.27%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                       | Washington State Housing Finance Commission, Series 2025, RB                                                                                         | CUSIP: 93978LJN7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2543357.75   | 0.09%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                                                                        | Salt Verde Financial Corp., Series 2007, RB                                                                                                          | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3453863.83   | 0.12%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                          | New Jersey (State of) Turnpike Authority, Series 2025, RB                                                                                            | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   8050000 | PA      | $8691659.87   | 0.30%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Ascension Health)                                                                          | Illinois (State of) Finance Authority (Ascension Health), Series 2016, RB                                                                            | CUSIP: 45204FP74<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5210000 | PA      | $5273503.65   | 0.18%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                                                                   | Las Vegas Valley Water District, Series 2025, GO Bonds                                                                                               | CUSIP: 517845TK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5359521.00   | 0.19%             | 2055-06-01      | Fixed         | 5.25%                 | 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, RB                                                                                  | CUSIP: 91514ANQ4<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5328485.00   | 0.19%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                             | Chicago (City of), IL, Series 2025, GO Bonds                                                                                                         | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2259514.98   | 0.08%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                                            | Downtown Revitalization Public Infrastructure District, Series 2025, RB                                                                              | CUSIP: 26118TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6782826.88   | 0.24%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Canutillo Independent School District/TX                                                                                          | Canutillo Independent School District/TX, Series 2025, GO Bonds                                                                                      | CUSIP: 138735ZS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6950334.30   | 0.24%             | 2060-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                                               | Pennsylvania Housing Finance Agency, Series 2025, RB                                                                                                 | CUSIP: 70879QV83<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12220623.60  | 0.43%             | 2050-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| West Virginia (State of) Hospital Finance Authority (United Health System Obligated)                                              | West Virginia (State of) Hospital Finance Authority (United Health System Obligated), Series 2025, RB                                                | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5830000 | PA      | $6249093.05   | 0.22%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Invesco Intermediate Municipal ETF                                                                                                | Invesco Intermediate Municipal ETF                                                                                                                   | CUSIP: 46127B502<br>LEI: 254900WCH4ZNH6J9AE66 | Long             | EC               | RF                | US        |     93701 | NS      | $4847152.73   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois (State of) Finance Authority (Ascension Health)                                                                          | Illinois (State of) Finance Authority (Ascension Health), Series 2016, RB                                                                            | CUSIP: 45204FN92<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4790000 | PA      | $4935946.99   | 0.17%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                                                               | U.S. Treasury 10 Year Notes Future                                                                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -717 | NC      | $-509741.83   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Independent School District                                                                                             | Northwest Independent School District, Series 2025, GO Bonds                                                                                         | CUSIP: 667826HG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4280072.00   | 0.15%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                                                                             | Mansfield Independent School District, Series 2025, GO Bonds                                                                                         | CUSIP: 564386VN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5361871.00   | 0.19%             | 2055-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                                    | Washington Metropolitan Area Transit Authority, Series 2025, RB                                                                                      | CUSIP: 93878YED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9350000 | PA      | $10126981.26  | 0.35%             | 2060-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Jupiter Medical Center)                                                   | Palm Beach (County of), FL Health Facilities Authority (Jupiter Medical Center), Series 2025, RB                                                     | CUSIP: 69651ACY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2075845.98   | 0.07%             | 2050-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Palm Beach (County of), FL Health Facilities Authority (Jupiter Medical Center)                                                   | Palm Beach (County of), FL Health Facilities Authority (Jupiter Medical Center), Series 2025, RB                                                     | CUSIP: 69651ACZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1993910.69   | 0.07%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport) (Green Bonds)                                   | New York Transportation Development Corp. (John F. Kennedy International Airport) (Green Bonds), Series 2025, RB                                     | CUSIP: 650116JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6296941.80   | 0.22%             | 2059-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Thruway Authority                                                                                             | New York (State of) Thruway Authority, Series 2025, RB                                                                                               | CUSIP: 650028B51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7302813.00   | 0.26%             | 2051-03-15      | 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: 704612GQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11685000 | PA      | $12643887.46  | 0.44%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                          | Public Finance Authority, Series 2025, RB                                                                                                            | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5201676.50   | 0.18%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                          | Public Finance Authority, Series 2025, RB                                                                                                            | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5529377.00   | 0.19%             | 2060-06-30      | Fixed         | 6.50%                 | 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: 16080TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1432736.11   | 0.05%             | 2055-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                          | Public Finance Authority, Series 2025, RB                                                                                                            | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6280000 | PA      | $6518909.41   | 0.23%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)                                                      | Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.), Series 2025, RB                                                        | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010643.80   | 0.04%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                                                                        | Westchester County Local Development Corp., Series 2025, RB                                                                                          | CUSIP: 95737TFX9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2210736.00   | 0.08%             | 2055-11-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                                         | City of Atlanta GA Department of Aviation, Series 2025, RB                                                                                           | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9582353.10   | 0.34%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Finance Corp.                                                                                                | Texas Transportation Finance Corp., Series 2025, RB                                                                                                  | CUSIP: 88283PAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9590000 | PA      | $10504954.09  | 0.37%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                                                                                | Oklahoma Municipal Power Authority, Series 2025, RB                                                                                                  | CUSIP: 67910HTA8<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |   8850000 | PA      | $9435269.09   | 0.33%             | 2056-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 16                                                                                      | Village Community Development District No 16, Series 2025, RB                                                                                        | CUSIP: 92708MAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3783477.60   | 0.13%             | 2056-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                                        | Chicago Board of Education, Series 2025, GO Bonds                                                                                                    | CUSIP: 167505D29<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4870000 | PA      | $4729612.51   | 0.17%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                                | South Carolina Jobs-Economic Development Authority, Series 2025, RB                                                                                  | CUSIP: 837033KZ1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    915000 | PA      | $911005.20    | 0.03%             | 2060-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                         | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                           | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3163196.34   | 0.11%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                         | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                           | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6705000 | PA      | $6705028.83   | 0.23%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                                                                             | County of Franklin OH, Series 2025, RB                                                                                                               | CUSIP: 353187FK8<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   8835000 | PA      | $9345741.63   | 0.33%             | 2055-11-01      | Fixed         | 5.25%                 | 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: 59334DQP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9815000 | PA      | $10232945.27  | 0.36%             | 2055-10-01      | 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        |   8260000 | PA      | $7021000.00   | 0.25%             | 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        |     68700 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| M-S-R Energy Authority                                                                                                            | M-S-R Energy Authority, Series 2009 B, RB                                                                                                            | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   9015000 | PA      | $11101835.47  | 0.39%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                             | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                               | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7740000 | PA      | $7696712.50   | 0.27%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes)                                                    | South Carolina (State of) Jobs-Economic Development Authority (Lutheran Homes), Series 2013, RB                                                      | CUSIP: 837033KK4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1252603.45   | 0.04%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa (City of), OK Airports Improvement Trust                                                                                    | Tulsa (City of), OK Airports Improvement Trust, Series 2001 C, Ref. RB                                                                               | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7505287.50   | 0.26%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                            | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                              | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501369.20   | 0.05%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                             | Children's Trust Fund, Series 2002, RB                                                                                                               | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $3973806.70   | 0.14%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills)                                   | St. Louis (County of), MO Industrial Development Authority (Friendship Village of Sunset Hills), Series 2013 A, RB                                   | CUSIP: 791524BU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750656.25   | 0.06%             | 2043-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL (83rd/Stewart Redevelopment)                                                                                | Chicago (City of), IL (83rd/Stewart Redevelopment), Series 2013, COP                                                                                 | CUSIP: 16752QAQ1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1575243 | PA      | $1576174.76   | 0.06%             | 2029-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare)                                                   | New Mexico (State of) Hospital Equipment Loan Council (Presbyterian Healthcare), Series 2008, RB                                                     | CUSIP: 647370EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.07%             | 2034-08-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                                                                              | Public Authority for Colorado Energy, Series 2008, RB                                                                                                | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   7015000 | PA      | $8580725.55   | 0.30%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Universal Academy)                                                                      | Arlington Higher Education Finance Corp. (Universal Academy), Series 2014 A, RB                                                                      | CUSIP: 041806AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000797.90   | 0.04%             | 2034-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Turnpike Commission                                                                                | Pennsylvania (Commonwealth of) Turnpike Commission, Series 2014 A-2, RB                                                                              | CUSIP: 709224DQ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5799812.70   | 0.20%             | 2040-12-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                             | Illinois (State of) Sports Facilities Authority (The), Series 2014, Ref. RB                                                                          | CUSIP: 452143FE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2399236.76   | 0.08%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Sports Facilities Authority (The)                                                                             | Illinois (State of) Sports Facilities Authority (The), Series 2014, Ref. RB                                                                          | CUSIP: 452143FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2634841.57   | 0.09%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center)                                                  | Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB                                               | CUSIP: 593211EW1<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1010790.02   | 0.04%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center)                                                  | Miami Beach (City of), FL Health Facilities Authority (Mt. Sinai Medical Center), Series 2014, Ref. RB                                               | CUSIP: 593211EZ4<br>LEI: 549300MFT7I1HF5VL403 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1045350.60   | 0.04%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy)                                                           | Gilberts (Village of), IL Special Service Area No. 24 (The Conservancy), Subseries 2014 A, RB                                                        | CUSIP: 37546QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460318 | PA      | $445011.61    | 0.02%             | 2034-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                       | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2014, Ref. RB                                                    | CUSIP: 590743CB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    592193 | PA      | $5921.93      | 0.00%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.)                                                       | Mesquite Health Facilities Development Corp. (Christian Care Centers, Inc.), Series 2014, Ref. RB                                                    | CUSIP: 590743CC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    722476 | PA      | $7224.76      | 0.00%             | 2042-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.)                                                | Connecticut (State of) Health & Educational Facilities Authority (Duncaster, Inc.), Series 2014 A, RB                                                | CUSIP: 20774YTP2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4863514.00   | 0.17%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.)                           | Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.), Series 2014, RB                             | CUSIP: 82169JAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999902.10    | 0.03%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.)                           | Shelby (County of), TN Health, Educational & Housing Facilities Board (The Village at Germantown, Inc.), Series 2014, RB                             | CUSIP: 82169JAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1073282.46   | 0.04%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                                  | San Joaquin Hills Transportation Corridor Agency, Series 2014 B, Ref. RB                                                                             | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1595732.26   | 0.06%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                         | New York Liberty Development Corp. (3 World Trade Center), Series 2014-1, Ref. RB                                                                    | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10905000 | PA      | $10905040.35  | 0.38%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.)                                     | Pennsylvania (Commonwealth of) Economic Development Financing Authority (National Gypson Co.), Series 2014, Ref. RB                                  | CUSIP: 708686DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3301305.48   | 0.12%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                            | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 VV, Ref. RB                                                                      | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2753791.02   | 0.10%             | 2031-07-01      | Fixed         | 5.25%                 | 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        |   5970000 | PA      | $5970000.00   | 0.21%             | 2042-10-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                        | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002, RB                                                          | CUSIP: 882762FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28550.24     | 0.00%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Transportation Commission (Central Texas Turnpike System)                                                        | Texas (State of) Transportation Commission (Central Texas Turnpike System), Series 2002 A, RB                                                        | CUSIP: 882762FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $923760.39    | 0.03%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences)                                             | Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences), Series 2015, Ref. RB                                          | CUSIP: 74442PAT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1956527.44   | 0.07%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home)                                             | Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home), Series 2007, RB                                               | CUSIP: 87638RBX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1185000.00   | 0.04%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp.                                                                                           | Erie Tobacco Asset Securitization Corp., Series 2005 A, RB                                                                                           | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $4851634.91   | 0.17%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University)                                         | Tuscarawas (County of), OH Economic Development and Finance Alliance (Ashland University), Series 2015, Ref. RB                                      | CUSIP: 90069GAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2928996.60   | 0.10%             | 2045-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (International Charter School)                                         | Massachusetts (Commonwealth of) Development Finance Agency (International Charter School), Series 2015, Ref. RB                                      | CUSIP: 57584XCG4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999942.00   | 0.07%             | 2040-04-15      | Fixed         | 5.00%                 | 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: 49126PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4176127.25   | 0.15%             | 2045-01-01      | Fixed         | 5.00%                 | 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: 49126PFA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11135000 | PA      | $11142363.58  | 0.39%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) (Portsmouth Bypass)                                                                                               | Ohio (State of) (Portsmouth Bypass), Series 2015, RB                                                                                                 | CUSIP: 67759YAG2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1041177.07   | 0.04%             | 2025-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer