# EDGAR Filing Document

**Accession Number:** 0000835333
**File Stem:** 0000835333-26-000004
**Filing Date:** 2026-1
**Character Count:** 186753
**Document Hash:** 91d187625aeaf5e5655c22a120d452fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000835333-26-000004.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000835333-26-000004

**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:** Invesco Municipal Income Opportunities Trust
- **CENTRAL INDEX KEY:** 0000835333

**ORGANIZATION NAME:**
- **EIN:** 133473972
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0530

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05597
- **FILM NUMBER:** 26575426

**BUSINESS ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309
- **BUSINESS PHONE:** 404-439-3217

**MAIL ADDRESS:**
- **STREET 1:** 1331 SPRING STREET N.W.
- **STREET 2:** SUITE 2500
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30309

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20011220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MSDW MUNICIPAL INCOME OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 19981221

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUNICIPAL INCOME OPPORTUNITIES TRUST/MA
- **DATE OF NAME CHANGE:** 19930721

## 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–145.87%**<sup>(a)</sup>  | **Municipal Obligations–145.87%**<sup>(a)</sup>  | **Municipal Obligations–145.87%**<sup>(a)</sup>  | **Municipal Obligations–145.87%**<sup>(a)</sup>  | **Municipal Obligations–145.87%**<sup>(a)</sup>  |
| **Alabama–0.88%** | **Alabama–0.88%** | **Alabama–0.88%** | **Alabama–0.88%** | **Alabama–0.88%** |
| &nbsp;&nbsp;&nbsp; Birmingham (City of), AL Special Care Facilities Financing Authority (Methodist Home for the Aging); <br> Series 2016, RB<br>| 5.75% | 06/01/2045 | $1000 | &nbsp;&nbsp; $953211 |
| &nbsp;&nbsp;&nbsp; Huntsville (City of), AL Special Care Facilities Financing Authority (Redstone Village); Series 2007, <br> RB (Acquired 10/18/2010; Cost $739,982)<sup>(b)(c)</sup> <br>| 5.50% | 01/01/2043 | 925 | &nbsp;&nbsp; 660219 |
| &nbsp;&nbsp;&nbsp; Tuscaloosa (County of), AL Industrial Development Authority (Hunt Refining); Series 2019 A, Ref. <br> IDR<sup>(d)</sup> <br>| 5.25% | 05/01/2044 | 1000 | &nbsp;&nbsp; 1002673 |
|  |  |  |  | &nbsp;&nbsp; 2616103 |
| **Arizona–1.79%** | **Arizona–1.79%** | **Arizona–1.79%** | **Arizona–1.79%** | **Arizona–1.79%** |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Academies of Math & Science); Series 2022, <br> RB<sup>(d)</sup> <br>| 5.25% | 07/01/2052 | 1700 | &nbsp;&nbsp; 1599112 |
| &nbsp;&nbsp;&nbsp; Glendale (City of), AZ Industrial Development Authority (The Beatitudes Campus); Series 2017, Ref. <br> RB<br>| 5.00% | 11/15/2040 | 1500 | &nbsp;&nbsp; 1218226 |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(d)</sup> <br>| 5.50% | 05/01/2040 | 1500 | &nbsp;&nbsp; 1501556 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(d)</sup> <br>| 5.75% | 05/01/2050 | 1000 | &nbsp;&nbsp; 984489 |
|  |  |  |  | &nbsp;&nbsp; 5303383 |
| **Arkansas–0.51%** | **Arkansas–0.51%** | **Arkansas–0.51%** | **Arkansas–0.51%** | **Arkansas–0.51%** |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(e)</sup> <br>| 5.45% | 09/01/2052 | 1500 | &nbsp;&nbsp; 1506283 |
| **California–20.74%** | **California–20.74%** | **California–20.74%** | **California–20.74%** | **California–20.74%** |
| California (State of); Series 2023, GO Bonds<sup>(f)</sup> <br>| 5.25% | 09/01/2053 | 4000 | &nbsp;&nbsp; 4311093 |
| California (State of) Educational Facilities Authority (Stanford University); Series 2014 U-6, RB<sup>(f)</sup> <br>| 5.00% | 05/01/2045 | 3000 | &nbsp;&nbsp; 3480432 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Palomar Health); Series 2022 A, Ref. COP (INS - <br> AGI)<sup>(g)</sup> <br>| 5.25% | 11/01/2052 | 1250 | &nbsp;&nbsp; 1288713 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); Series 2012, RB<sup>(d)(e)</sup> <br>| 5.00% | 07/01/2037 | 1000 | &nbsp;&nbsp; 1000462 |
| California (State of) Public Finance Authority (Sunrise of Long Beach); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.50% | 06/01/2055 | 1500 | &nbsp;&nbsp; 1551969 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 6.63% | 06/01/2065 | 1500 | &nbsp;&nbsp; 1553723 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Creative Child Care & Team <br> Charter); Series 2015, RB<sup>(d)</sup> <br>| 6.75% | 06/01/2045 | 690 | &nbsp;&nbsp; 675693 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center); Series 2014, RB<br>| 5.50% | 12/01/2054 | 2000 | &nbsp;&nbsp; 2004576 |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 05/01/2043 | 750 | &nbsp;&nbsp; 765716 |
| &nbsp;&nbsp;&nbsp; Series 2006 A, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2046 | 10000 | &nbsp;&nbsp; 2544011 |
| &nbsp;&nbsp;&nbsp; Series 2006 C, RB<sup>(d)(h)</sup> <br>| 0.00% | 06/01/2055 | 25000 | &nbsp;&nbsp; 1892560 |
| &nbsp;&nbsp;&nbsp; Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition); <br> Series 2007 C, Ref. RB<br>| 6.50% | 12/15/2047 | 820 | &nbsp;&nbsp; 820118 |
| Golden State Tobacco Securitization Corp.; Series 2021 B-2, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2066 | 11800 | &nbsp;&nbsp; 1270120 |
| Long Beach (City of), CA Finance Authority; Series 2023, RB<sup>(f)</sup> <br>| 4.00% | 08/01/2053 | 10000 | &nbsp;&nbsp; 9456709 |
| Poway Unified School District (School Facilities Improvement); Series 2011, GO Bonds<sup>(h)</sup> <br>| 0.00% | 08/01/2039 | 8000 | &nbsp;&nbsp; 4916688 |
| Regents of the University of California Medical Center; Series 2022, RB<sup>(f)(i)</sup> <br>| 4.00% | 05/15/2053 | 10740 | &nbsp;&nbsp; 10060535 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2036 | 2000 | &nbsp;&nbsp; 1117052 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2041 | 5000 | &nbsp;&nbsp; 1838514 |
| Southern California Logistics Airport Authority; Series 2008 A, RB<sup>(h)</sup> <br>| 0.00% | 12/01/2044 | 18085 | &nbsp;&nbsp; 6415048 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.); <br> Series 2019, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2054 | 3500 | &nbsp;&nbsp; 721739 |
| Ventura Unified School District (Election of 2022); Series 2022 A, GO Bonds<sup>(f)</sup> <br>| 4.00% | 08/01/2048 | 4000 | &nbsp;&nbsp; 3900484 |
|  |  |  |  | &nbsp;&nbsp; 61585955 |
| **Colorado–10.19%** | **Colorado–10.19%** | **Colorado–10.19%** | **Colorado–10.19%** | **Colorado–10.19%** |
| Chaparral Pointe Metropolitan District; Series 2021, GO Bonds<sup>(d)</sup> <br>| 5.00% | 12/01/2051 | 1350 | &nbsp;&nbsp; 1221877 |
| Colorado (State of) Health Facilities Authority (Aberdeen Ridge); Series 2025 A, Ref. RB<sup>(d)</sup> <br>| 8.75% | 05/15/2058 | 2000 | &nbsp;&nbsp; 2004040 |
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare); Series 2020 A, RB<sup>(f)</sup> <br>| 4.00% | 05/15/2052 | 9900 | &nbsp;&nbsp; 9068195 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** | **Colorado–(continued)** |
| Dawson Trails Metropolitan District No. 1; Series 2025 B, GO Bonds<sup>(d)</sup> <br>| 9.25% | 12/15/2055 | $2000 | &nbsp;&nbsp; $1935349 |
| Denver (City & County of), CO; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)(f)(i)</sup> <br>| 5.00% | 11/15/2042 | 1000 | &nbsp;&nbsp; 1046971 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)(f)(i)</sup> <br>| 5.75% | 11/15/2045 | 2000 | &nbsp;&nbsp; 2159764 |
| Dominion Water & Sanitation District; Series 2022, Ref. RB | 5.88% | 12/01/2052 | 2257 | &nbsp;&nbsp; 2313725 |
| East Bend Metropolitan District; Series 2022, GO Bonds | 6.50% | 12/01/2052 | 2600 | &nbsp;&nbsp; 2590440 |
| Gardens on Havana Metropolitan District No. 3 (The); Series 2017 B, RB | 7.75% | 12/15/2047 | 260 | &nbsp;&nbsp; 260082 |
| Haymeadow Metropolitan District No. 1; Series 2025, GO Bonds | 8.38% | 12/15/2049 | 1185 | &nbsp;&nbsp; 1188496 |
| Hess Ranch Metropolitan District No. 6; Series 2020 A-2, GO Bonds<sup>(j)</sup> <br>| 5.75% | 12/01/2049 | 1000 | &nbsp;&nbsp; 944328 |
| Palisade Metropolitan District No. 2; Series 2024, Ref. RB<sup>(d)(j)</sup> <br>| 5.88% | 12/15/2054 | 500 | &nbsp;&nbsp; 476641 |
| Remuda Ranch Metropolitan District; Series 2020 A, GO Bonds | 5.00% | 12/01/2050 | 2294 | &nbsp;&nbsp; 1933862 |
| Ritoro Metropolitan District; Series 2025, Ref. GO Bonds | 6.25% | 12/15/2057 | 598 | &nbsp;&nbsp; 599178 |
| Rudolph Farms Metropolitan District No. 6; Series 2022 A, GO Bonds | 6.50% | 06/01/2052 | 1500 | &nbsp;&nbsp; 1464065 |
| Verve Metropolitan District No. 1; Series 2021, Ref. GO Bonds | 5.00% | 12/01/2036 | 525 | &nbsp;&nbsp; 516244 |
| West Meadow Metropolitan District (Senior Bonds); Series 2023 A, Ref. GO Bonds<sup>(d)</sup> <br>| 6.50% | 12/01/2050 | 500 | &nbsp;&nbsp; 515501 |
|  |  |  |  | &nbsp;&nbsp; 30238758 |
| **Connecticut–0.57%** | **Connecticut–0.57%** | **Connecticut–0.57%** | **Connecticut–0.57%** | **Connecticut–0.57%** |
| Georgetown (City of), CT Special Taxing District; Series 2006 A, GO Bonds<sup>(b)</sup> <br>| 5.13% | 10/01/2036 | 5310 | &nbsp;&nbsp; 637200 |
| Hamden (Town of), CT (Whitney Center); Series 2022 A, RB | 7.00% | 01/01/2053 | 1000 | &nbsp;&nbsp; 1058714 |
|  |  |  |  | &nbsp;&nbsp; 1695914 |
| **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** | **Delaware–0.33%** |
| Millsboro (Town of), DE (Plantation Lakes Special Development District); Series 2018, Ref. RB<sup>(d)</sup> <br>| 5.25% | 07/01/2048 | 995 | &nbsp;&nbsp; 976898 |
| **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** | **District of Columbia–2.11%** |
| Metropolitan Washington Airports Authority; Series 2023 A, Ref. RB<sup>(e)(f)(i)</sup> <br>| 5.25% | 10/01/2048 | 6000 | &nbsp;&nbsp; 6250913 |
| **Florida–17.40%** | **Florida–17.40%** | **Florida–17.40%** | **Florida–17.40%** | **Florida–17.40%** |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.); Series 2014, <br> RB (Acquired 02/26/2014-06/30/2014; Cost $275,738)<sup>(b)(c)</sup> <br>| 6.38% | 11/15/2049 | 279 | &nbsp;&nbsp; 4188 |
| &nbsp;&nbsp;&nbsp; Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs); Series 2022 A, Ref. <br> RB<sup>(d)</sup> <br>| 5.00% | 11/15/2061 | 1075 | &nbsp;&nbsp; 790428 |
| Broward (County of), FL; Series 2023, RB<sup>(f)</sup> <br>| 5.50% | 01/01/2055 | 12365 | &nbsp;&nbsp; 13110585 |
| Capital Projects Finance Authority (Kissimmee Charter Academy); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.50% | 06/15/2054 | 275 | &nbsp;&nbsp; 280314 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 6.63% | 06/15/2059 | 445 | &nbsp;&nbsp; 456512 |
| Capital Projects Finance Authority (Millenia Orlando); Series 2025 A, RB<sup>(d)</sup> <br>| 6.38% | 01/01/2040 | 2000 | &nbsp;&nbsp; 2074810 |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough); Series 2019 A, RB | 5.00% | 12/15/2049 | 600 | &nbsp;&nbsp; 539073 |
| Capital Trust Agency, Inc. (Tallahassee Tapestry); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB (Acquired 08/14/2019; Cost $102,052)<sup>(b)(c)(d)</sup> <br>| 6.75% | 12/01/2035 | 100 | &nbsp;&nbsp; 12000 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB (Acquired 12/02/2015; Cost $988,260)<sup>(b)(c)(d)</sup> <br>| 7.00% | 12/01/2045 | 1000 | &nbsp;&nbsp; 120000 |
| Capital Trust Authority (Central Florida Preparatory School Project); Series 2024, RB<sup>(d)</sup> <br>| 6.63% | 06/15/2054 | 1000 | &nbsp;&nbsp; 997479 |
| Capital Trust Authority (KIPP Miami N Campus); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(d)</sup> <br>| 6.00% | 06/15/2054 | 650 | &nbsp;&nbsp; 659281 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(d)</sup> <br>| 6.13% | 06/15/2060 | 800 | &nbsp;&nbsp; 812689 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(d)(e)(k)</sup> <br>| 12.00% | 07/15/2028 | 2000 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(e)(g)</sup> <br>| 5.25% | 07/01/2053 | 1000 | &nbsp;&nbsp; 998671 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail); Series 2024, Ref. RB<sup>(e)</sup> <br>| 5.00% | 07/01/2038 | 2000 | &nbsp;&nbsp; 1660000 |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.); Series 2023, RB<sup>(d)(k)</sup> <br>| 6.25% | 06/15/2028 | 2140 | &nbsp;&nbsp; 2131563 |
| Florida Development Finance Corp. (River City Science Academy); Series 2021, RB | 4.00% | 07/01/2045 | 1200 | &nbsp;&nbsp; 1012098 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); Series 2018 A, RB<sup>(d)</sup> <br>| 5.38% | 07/15/2038 | 1300 | &nbsp;&nbsp; 1281217 |
| &nbsp;&nbsp;&nbsp; Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC); <br> Series 2012, IDR<sup>(d)</sup> <br>| 5.75% | 06/15/2042 | 1200 | &nbsp;&nbsp; 1199972 |
| Manatee (County of), FL; Series 2023, Ref. RB<sup>(f)</sup> <br>| 4.00% | 10/01/2053 | 10000 | &nbsp;&nbsp; 9241879 |
| Miami-Dade (County of), FL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(h)</sup> <br>| 0.00% | 10/01/2042 | 7900 | &nbsp;&nbsp; 3864257 |
| &nbsp;&nbsp;&nbsp; Series 2017 B, Ref. RB<sup>(e)(f)(i)</sup> <br>| 5.00% | 10/01/2040 | 2000 | &nbsp;&nbsp; 2024424 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2052 | 5000 | &nbsp;&nbsp; 5208790 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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)** |
| Seminole (County of), FL; Series 2022, RB<sup>(f)</sup> <br>| 5.00% | 10/01/2052 | $2430 | &nbsp;&nbsp; $2512540 |
|  |  |  |  | &nbsp;&nbsp; 51642770 |
| **Idaho–0.39%** | **Idaho–0.39%** | **Idaho–0.39%** | **Idaho–0.39%** | **Idaho–0.39%** |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.); Series 2017 A, Ref. RB | 5.25% | 11/15/2047 | 1600 | &nbsp;&nbsp; 1149056 |
| **Illinois–5.44%** | **Illinois–5.44%** | **Illinois–5.44%** | **Illinois–5.44%** | **Illinois–5.44%** |
| Chicago (City of), IL; Series 2017 A, Ref. GO Bonds | 6.00% | 01/01/2038 | 1500 | &nbsp;&nbsp; 1529927 |
| Chicago (City of), IL Board of Education; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 B, Ref. GO Bonds | 4.00% | 12/01/2040 | 1665 | &nbsp;&nbsp; 1439338 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, GO Bonds | 6.00% | 12/01/2049 | 1000 | &nbsp;&nbsp; 1007829 |
| Illinois (State of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, GO Bonds | 5.75% | 05/01/2045 | 1000 | &nbsp;&nbsp; 1053993 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds | 5.00% | 03/01/2046 | 500 | &nbsp;&nbsp; 510427 |
| Illinois (State of) Development Finance Authority (CITGO Petroleum Corp.); Series 2002, RB<sup>(e)</sup> <br>| 8.00% | 06/01/2032 | 140 | &nbsp;&nbsp; 140187 |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School); Series 2015, RB<sup>(d)</sup> <br>| 6.00% | 12/01/2045 | 1000 | &nbsp;&nbsp; 1000157 |
| Illinois (State of) Finance Authority (Lutheran Communities Obligated Group); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 10/28/2022; Cost $1,265,750)<sup>(c)</sup> <br>| 5.00% | 11/01/2040 | 1525 | &nbsp;&nbsp; 1056062 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB (Acquired 06/02/2022; Cost $956,840)<sup>(c)</sup> <br>| 5.00% | 11/01/2049 | 1000 | &nbsp;&nbsp; 692500 |
| &nbsp;&nbsp;&nbsp; Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group); Series 2022, <br> RB<sup>(f)(i)</sup> <br>| 5.00% | 08/15/2051 | 5375 | &nbsp;&nbsp; 5431482 |
| Illinois (State of) Finance Authority (Villa St. Benedict); Series 2015, Ref. RB | 6.38% | 11/15/2043 | 775 | &nbsp;&nbsp; 775178 |
| Marion (City of), IL (Star Bond District Area No. 1); Series 2025, RB | 6.63% | 06/01/2055 | 1500 | &nbsp;&nbsp; 1508469 |
|  |  |  |  | &nbsp;&nbsp; 16145549 |
| **Indiana–2.19%** | **Indiana–2.19%** | **Indiana–2.19%** | **Indiana–2.19%** | **Indiana–2.19%** |
| Indiana (State of) Finance Authority (Irvington Community School); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(d)</sup> <br>| 5.90% | 07/01/2038 | 1000 | &nbsp;&nbsp; 1000029 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB<sup>(d)</sup> <br>| 6.00% | 07/01/2048 | 1000 | &nbsp;&nbsp; 974632 |
| Indiana (State of) Finance Authority (University of Evansville); Series 2022 A, Ref. RB | 5.25% | 09/01/2044 | 3500 | &nbsp;&nbsp; 3472212 |
| Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel); Series 2023 E, RB | 6.00% | 03/01/2053 | 1000 | &nbsp;&nbsp; 1046994 |
|  |  |  |  | &nbsp;&nbsp; 6493867 |
| **Iowa–1.02%** | **Iowa–1.02%** | **Iowa–1.02%** | **Iowa–1.02%** | **Iowa–1.02%** |
| Iowa (State of) Finance Authority (Northcrest, Inc.); Series 2018 A, RB | 5.00% | 03/01/2038 | 1150 | &nbsp;&nbsp; 1155264 |
| Iowa (State of) Tobacco Settlement Authority; Series 2021 B-2, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2065 | 12525 | &nbsp;&nbsp; 1879451 |
|  |  |  |  | &nbsp;&nbsp; 3034715 |
| **Kansas–0.33%** | **Kansas–0.33%** | **Kansas–0.33%** | **Kansas–0.33%** | **Kansas–0.33%** |
| Wichita (City of), KS (Presbyterian Manors, Inc.); Series 2024 VIII, Ref. RB | 5.75% | 05/15/2045 | 1000 | &nbsp;&nbsp; 975607 |
| **Kentucky–0.76%** | **Kentucky–0.76%** | **Kentucky–0.76%** | **Kentucky–0.76%** | **Kentucky–0.76%** |
| &nbsp;&nbsp;&nbsp; Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing); <br> Series 2013 C, RB<br>| 6.88% | 07/01/2046 | 2000 | &nbsp;&nbsp; 2268083 |
| **Louisiana–0.25%** | **Louisiana–0.25%** | **Louisiana–0.25%** | **Louisiana–0.25%** | **Louisiana–0.25%** |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development Authority; <br> Series 2015 A, Ref. RB<br>| 6.25% | 11/15/2045 | 750 | &nbsp;&nbsp; 748963 |
| **Maine–3.63%** | **Maine–3.63%** | **Maine–3.63%** | **Maine–3.63%** | **Maine–3.63%** |
| Maine Health & Higher Educational Facilities Authority; Series 2023, RB (INS - AGI)<sup>(f)(g)(i)</sup> <br>| 4.75% | 07/01/2053 | 10660 | &nbsp;&nbsp; 10778054 |
| **Massachusetts–7.75%** | **Massachusetts–7.75%** | **Massachusetts–7.75%** | **Massachusetts–7.75%** | **Massachusetts–7.75%** |
| Massachusetts (Commonwealth of); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004 A, Ref. GO Bonds (INS - AMBAC)<sup>(f)(g)</sup> <br>| 5.50% | 08/01/2030 | 960 | &nbsp;&nbsp; 1073306 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(f)</sup> <br>| 5.00% | 05/01/2053 | 10020 | &nbsp;&nbsp; 10435927 |
| &nbsp;&nbsp;&nbsp; Series 2025, GO Bonds<sup>(f)</sup> <br>| 5.00% | 08/01/2053 | 9480 | &nbsp;&nbsp; 9928187 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Massachusetts Institute of <br> Technology); Series 2002 K, RB<sup>(f)</sup> <br>| 5.50% | 07/01/2032 | 505 | &nbsp;&nbsp; 599017 |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.); <br> Series 2017, Ref. RB<sup>(d)</sup> <br>| 5.00% | 10/01/2057 | 1000 | &nbsp;&nbsp; 967581 |
|  |  |  |  | &nbsp;&nbsp; 23004018 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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%** |
| Charyl Stockwell Academy; Series 2015, Ref. RB | 5.75% | 10/01/2045 | $635 | &nbsp;&nbsp; $590633 |
| Michigan Strategic Fund; Series 2016, RB | 5.00% | 07/01/2046 | 2705 | &nbsp;&nbsp; 603215 |
|  |  |  |  | &nbsp;&nbsp; 1193848 |
| **Minnesota–2.32%** | **Minnesota–2.32%** | **Minnesota–2.32%** | **Minnesota–2.32%** | **Minnesota–2.32%** |
| Coon Rapids (City of), MN (Athlos Leadership Academy); Series 2025, Ref. RB | 6.50% | 06/15/2065 | 3000 | &nbsp;&nbsp; 3016981 |
| Ramsey (City of), MN (Pact Charter School); Series 2022 A, Ref. RB | 5.00% | 06/01/2032 | 1500 | &nbsp;&nbsp; 1501308 |
| Rochester (City of), MN (Homestead at Rochester, Inc.); Series 2013 A, RB | 6.88% | 12/01/2048 | 1000 | &nbsp;&nbsp; 1000526 |
| Shakopee (City of), MN; Series 2025, Ref. RB | 5.63% | 11/01/2045 | 800 | &nbsp;&nbsp; 806400 |
| &nbsp;&nbsp;&nbsp; St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy); Series 2023, <br> Ref. RB<br>| 5.50% | 12/01/2038 | 545 | &nbsp;&nbsp; 564490 |
|  |  |  |  | &nbsp;&nbsp; 6889705 |
| **Missouri–3.10%** | **Missouri–3.10%** | **Missouri–3.10%** | **Missouri–3.10%** | **Missouri–3.10%** |
| Branson Hills Infrastructure Facilities Community Improvement District; Series 2007 A, RB<sup>(l)</sup> <br>| 5.50% | 04/01/2027 | 608 | &nbsp;&nbsp; 170149 |
| Kirkwood (City of), MO Industrial Development Authority (Aberdeen Heights); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2037 | 2250 | &nbsp;&nbsp; 2252815 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.25% | 05/15/2050 | 1250 | &nbsp;&nbsp; 1106999 |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.00% | 08/15/2046 | 2000 | &nbsp;&nbsp; 1835384 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 08/15/2042 | 855 | &nbsp;&nbsp; 823177 |
| Missouri (State of) Development Finance Board (St. Louis Zoo); Series 2022, RB<sup>(f)</sup> <br>| 5.13% | 05/01/2052 | 1500 | &nbsp;&nbsp; 1542138 |
| &nbsp;&nbsp;&nbsp; St. Louis (County of), MO Industrial Development Authority (Friendship Village West County); <br> Series 2018 A, RB<br>| 5.13% | 09/01/2049 | 1500 | &nbsp;&nbsp; 1480695 |
|  |  |  |  | &nbsp;&nbsp; 9211357 |
| **Nevada–1.37%** | **Nevada–1.37%** | **Nevada–1.37%** | **Nevada–1.37%** | **Nevada–1.37%** |
| Nevada (State of) Department of Business & Industry (Green Bonds); Series 2025, RB<sup>(e)(k)</sup> <br>| 12.00% | 11/02/2026 | 2165 | &nbsp;&nbsp; 1840250 |
| &nbsp;&nbsp;&nbsp; North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1); <br> Series 2022, RB<sup>(d)</sup> <br>| 5.75% | 06/01/2047 | 1550 | &nbsp;&nbsp; 1580507 |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor); Series 2018 C, Ref. RB<sup>(d)(h)</sup> <br>| 0.00% | 07/01/2058 | 4000 | &nbsp;&nbsp; 655009 |
|  |  |  |  | &nbsp;&nbsp; 4075766 |
| **New Hampshire–0.35%** | **New Hampshire–0.35%** | **New Hampshire–0.35%** | **New Hampshire–0.35%** | **New Hampshire–0.35%** |
| New Hampshire (State of) Business Finance Authority (Social Bonds); Series 2022-2A, RB | 4.00% | 10/20/2036 | 1053 | &nbsp;&nbsp; 1042807 |
| **New Jersey–3.49%** | **New Jersey–3.49%** | **New Jersey–3.49%** | **New Jersey–3.49%** | **New Jersey–3.49%** |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1999, RB<sup>(e)</sup> <br>| 5.25% | 09/15/2029 | 705 | &nbsp;&nbsp; 705920 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)</sup> <br>| 5.75% | 09/15/2027 | 705 | &nbsp;&nbsp; 706180 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, <br> Inc.); Series 2014 A, RB<sup>(d)</sup> <br>| 6.30% | 10/01/2049 | 1200 | &nbsp;&nbsp; 1200472 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Housing & Mortgage Finance Agency (Riverview Towers Apartments); <br> Series 2024, RB (CEP - Federal Housing Administration)<br>| 5.25% | 12/20/2065 | 2250 | &nbsp;&nbsp; 2483786 |
| New Jersey (State of) Transportation Trust Fund Authority; Series 2023, RB<sup>(f)(i)</sup> <br>| 5.25% | 06/15/2050 | 5000 | &nbsp;&nbsp; 5273423 |
|  |  |  |  | &nbsp;&nbsp; 10369781 |
| **New York–14.14%** | **New York–14.14%** | **New York–14.14%** | **New York–14.14%** | **New York–14.14%** |
| Brooklyn Arena Local Development Corp. (Barclays Center); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(h)</sup> <br>| 0.00% | 07/15/2035 | 1475 | &nbsp;&nbsp; 1010144 |
| &nbsp;&nbsp;&nbsp; Series 2009, RB<sup>(h)</sup> <br>| 0.00% | 07/15/2046 | 10000 | &nbsp;&nbsp; 3479725 |
| Nassau (County of), NY Industrial Development Agency; Series 2021, RB<sup>(h)(l)</sup> <br>| 0.00% | 01/01/2058 | 1479 | &nbsp;&nbsp; 0 |
| New York (City of), NY Transitional Finance Authority; Series 2022, RB<sup>(f)</sup> <br>| 5.25% | 11/01/2048 | 5000 | &nbsp;&nbsp; 5263527 |
| New York (State of) Dormitory Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 E, RB<sup>(f)</sup> <br>| 5.00% | 03/15/2046 | 2250 | &nbsp;&nbsp; 2306955 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(f)(i)</sup> <br>| 5.50% | 07/01/2054 | 13000 | &nbsp;&nbsp; 14094824 |
| New York Counties Tobacco Trust IV; Series 2010 A, RB<sup>(d)</sup> <br>| 6.25% | 06/01/2041 | 982 | &nbsp;&nbsp; 948036 |
| New York Counties Tobacco Trust V; Series 2005 S-2, RB<sup>(h)</sup> <br>| 0.00% | 06/01/2050 | 8100 | &nbsp;&nbsp; 1234295 |
| New York Counties Tobacco Trust VI; Series 2016 A-1, Ref. RB | 5.75% | 06/01/2043 | 2000 | &nbsp;&nbsp; 1946282 |
| New York Liberty Development Corp. (3 World Trade Center); Series 2014-3, Ref. RB<sup>(d)</sup> <br>| 7.25% | 11/15/2044 | 3000 | &nbsp;&nbsp; 3002221 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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. (John F. Kennedy International Airport) (Green Bonds); <br> Series 2025, RB (INS - AGI)<sup>(e)(g)</sup> <br>| 5.50% | 06/30/2059 | $3000 | &nbsp;&nbsp; $3148471 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment); <br> Series 2016 A, RB<sup>(e)(f)(i)</sup> <br>| 5.00% | 07/01/2046 | 1750 | &nbsp;&nbsp; 1745692 |
| TSASC, Inc.; Series 2016 B, Ref. RB | 5.00% | 06/01/2045 | 2000 | &nbsp;&nbsp; 1778866 |
| Ulster County Capital Resource Corp.; Series 2025, RB<sup>(d)</sup> <br>| 5.88% | 09/15/2059 | 1000 | &nbsp;&nbsp; 990581 |
| &nbsp;&nbsp;&nbsp; Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation <br> Facilities); Series 2017 A, RB<sup>(d)(e)</sup> <br>| 7.00% | 06/01/2046 | 1000 | &nbsp;&nbsp; 1041206 |
|  |  |  |  | &nbsp;&nbsp; 41990825 |
| **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** | **North Carolina–0.39%** |
| North Carolina (State of) Medical Care Commission (Salemtowne Project); Series 2018 A, RB | 5.00% | 10/01/2043 | 1260 | &nbsp;&nbsp; 1165662 |
| **Ohio–3.92%** | **Ohio–3.92%** | **Ohio–3.92%** | **Ohio–3.92%** | **Ohio–3.92%** |
| Buckeye Tobacco Settlement Financing Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B-2, Ref. RB | 5.00% | 06/01/2055 | 1750 | &nbsp;&nbsp; 1476174 |
| &nbsp;&nbsp;&nbsp; Series 2020 B-3, Ref. RB<sup>(h)</sup> <br>| 0.00% | 06/01/2057 | 11600 | &nbsp;&nbsp; 1019184 |
| Cuyahoga (County of), OH (MetroHealth System); Series 2017, Ref. RB | 5.00% | 02/15/2052 | 2000 | &nbsp;&nbsp; 1912856 |
| Franklin (County of), OH (Wesley Communities); Series 2020, Ref. RB | 5.25% | 11/15/2055 | 1500 | &nbsp;&nbsp; 1385600 |
| Muskingum (County of), OH (Genesis Healthcare System); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2044 | 3075 | &nbsp;&nbsp; 3057802 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 02/15/2048 | 1000 | &nbsp;&nbsp; 966042 |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project); Series 2019, RB<sup>(d)(e)</sup> <br>| 5.00% | 07/01/2049 | 2000 | &nbsp;&nbsp; 1823078 |
|  |  |  |  | &nbsp;&nbsp; 11640736 |
| **Oklahoma–0.00%** | **Oklahoma–0.00%** | **Oklahoma–0.00%** | **Oklahoma–0.00%** | **Oklahoma–0.00%** |
| &nbsp;&nbsp;&nbsp; Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch); Series 2016 <br> A, RB<sup>(b)</sup> <br>| 7.00% | 11/01/2051 | 665 | &nbsp;&nbsp; 2795 |
| **Pennsylvania–4.02%** | **Pennsylvania–4.02%** | **Pennsylvania–4.02%** | **Pennsylvania–4.02%** | **Pennsylvania–4.02%** |
| &nbsp;&nbsp;&nbsp; Pennsylvania (Commonwealth of) Economic Development Financing Authority (Penndot Major <br> Bridges); Series 2022, RB<sup>(e)</sup> <br>| 6.00% | 06/30/2061 | 1250 | &nbsp;&nbsp; 1326827 |
| &nbsp;&nbsp;&nbsp; Philadelphia (City of), PA Authority for Industrial Development (St. Joseph's University); <br> Series 2022, RB<br>| 5.50% | 11/01/2060 | 3000 | &nbsp;&nbsp; 3140339 |
| Philadelphia Authority for Industrial Development; Series 2025, RB<sup>(f)</sup> <br>| 5.25% | 07/01/2049 | 7000 | &nbsp;&nbsp; 7464892 |
|  |  |  |  | &nbsp;&nbsp; 11932058 |
| **Puerto Rico–6.12%** | **Puerto Rico–6.12%** | **Puerto Rico–6.12%** | **Puerto Rico–6.12%** | **Puerto Rico–6.12%** |
| Children's Trust Fund; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 | 305 | &nbsp;&nbsp; 309186 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 | 1000 | &nbsp;&nbsp; 1016491 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB<sup>(h)</sup> <br>| 0.00% | 05/15/2050 | 23000 | &nbsp;&nbsp; 4744369 |
| Puerto Rico (Commonwealth of); Subseries 2022, RN<sup>(h)</sup> <br>| 0.00% | 11/01/2043 | 509 | &nbsp;&nbsp; 326488 |
| Puerto Rico (Commonwealth of) Electric Power Authority; Series 2007 TT, RB<sup>(b)</sup> <br>| 5.00% | 07/01/2037 | 495 | &nbsp;&nbsp; 330413 |
| &nbsp;&nbsp;&nbsp; Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control <br> Facilities Financing Authority (AES Puerto Rico);<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 01/08/2020-03/25/2024; Cost $90,160)<sup>(c)</sup> <br>| 6.63% | 01/01/2027 | 82 | &nbsp;&nbsp; 81127 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 01/08/2020-03/25/2024; Cost $716,869)<sup>(c)</sup> <br>| 6.63% | 01/01/2028 | 622 | &nbsp;&nbsp; 617641 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(h)</sup> <br>| 0.00% | 07/01/2046 | 24150 | &nbsp;&nbsp; 8235094 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(h)</sup> <br>| 0.00% | 07/01/2051 | 10062 | &nbsp;&nbsp; 2507618 |
|  |  |  |  | &nbsp;&nbsp; 18168427 |
| **South Carolina–0.48%** | **South Carolina–0.48%** | **South Carolina–0.48%** | **South Carolina–0.48%** | **South Carolina–0.48%** |
| &nbsp;&nbsp;&nbsp; South Carolina (State of) Jobs-Economic Development Authority (High Point Academy); Series 2018 <br> A, RB<sup>(d)</sup> <br>| 5.75% | 06/15/2039 | 1500 | &nbsp;&nbsp; 1416590 |
| **Tennessee–2.88%** | **Tennessee–2.88%** | **Tennessee–2.88%** | **Tennessee–2.88%** | **Tennessee–2.88%** |
| Bristol (City of), TN Industrial Development Board (Pinnacle); Series 2016, RB | 5.63% | 06/01/2035 | 1000 | &nbsp;&nbsp; 892026 |
| Knox (County of) & Knoxville (City of), TN City Sports Authority; Series 2024, RB<sup>(f)</sup> <br>| 6.00% | 12/01/2054 | 5000 | &nbsp;&nbsp; 5563410 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** | **Tennessee–(continued)** |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB<sup>(d)</sup> <br>| 5.50% | 09/01/2047 | $1600 | &nbsp;&nbsp; $1379963 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 5.00% | 09/01/2031 | 750 | &nbsp;&nbsp; 710071 |
|  |  |  |  | &nbsp;&nbsp; 8545470 |
| **Texas–7.94%** | **Texas–7.94%** | **Texas–7.94%** | **Texas–7.94%** | **Texas–7.94%** |
| Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.); Series 2025, Ref. RB<sup>(d)</sup> <br>| 5.88% | 06/15/2065 | 1000 | &nbsp;&nbsp; 1013066 |
| Arlington Higher Education Finance Corp. (Cypress Christian School); Series 2024, RB<sup>(d)</sup> <br>| 5.75% | 06/01/2043 | 1500 | &nbsp;&nbsp; 1522905 |
| &nbsp;&nbsp;&nbsp; Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC); Series 2019, RB <br> (Acquired 12/17/2019; Cost $83,261)<sup>(b)(c)(e)</sup> <br>| 7.00% | 03/01/2039 | 80 | &nbsp;&nbsp; 11600 |
| Houston (City of), TX Airport System (Continental Airlines, Inc.); Series 2011 A, Ref. RB<sup>(e)(k)(m)</sup> <br>| 6.63% | 12/08/2025 | 1000 | &nbsp;&nbsp; 1000684 |
| Hutto (City of), TX; Series 2025, RB<sup>(d)</sup> <br>| 5.13% | 09/01/2045 | 300 | &nbsp;&nbsp; 293596 |
| New Hope Cultural Education Facilities Finance Corp.; Series 2025 A, RB | 6.50% | 10/01/2060 | 1000 | &nbsp;&nbsp; 1032940 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community); Series 2016, <br> Ref. RB<br>| 5.00% | 07/01/2036 | 600 | &nbsp;&nbsp; 602079 |
| New Hope Cultural Education Facilities Finance Corp. (MRC Senior Living-The Langford); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2046 | 1050 | &nbsp;&nbsp; 918051 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, RB | 5.50% | 11/15/2052 | 1500 | &nbsp;&nbsp; 1262254 |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)); Series 2022, RB | 5.50% | 10/01/2027 | 85 | &nbsp;&nbsp; 85089 |
| North Texas Tollway Authority; Series 2011 B, RB<sup>(h)(k)(m)</sup> <br>| 0.00% | 09/01/2031 | 7000 | &nbsp;&nbsp; 3765058 |
| Rowlett (City of), TX (Bayside Public Improvement District North Improvement Area); Series 2016, RB | 6.00% | 09/15/2046 | 450 | &nbsp;&nbsp; 451336 |
| San Antonio (City of), TX; Series 2023 A, Ref. RB<sup>(f)</sup> <br>| 5.50% | 02/01/2050 | 5750 | &nbsp;&nbsp; 6188770 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana); <br> Series 2017, RB<br>| 6.75% | 11/15/2052 | 1000 | &nbsp;&nbsp; 1007104 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (C.C. Young Memorial Home); Series 2017 <br> A, RB<sup>(b)</sup> <br>| 6.38% | 02/15/2052 | 1000 | &nbsp;&nbsp; 790000 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)); <br> Series 2024 A, RB<br>| 5.75% | 12/01/2054 | 659 | &nbsp;&nbsp; 568651 |
| Texas (State of) Water Development Board; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(f)</sup> <br>| 4.80% | 10/15/2052 | 2000 | &nbsp;&nbsp; 2042234 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(f)</sup> <br>| 5.00% | 10/15/2057 | 1000 | &nbsp;&nbsp; 1029866 |
|  |  |  |  | &nbsp;&nbsp; 23585283 |
| **Utah–2.46%** | **Utah–2.46%** | **Utah–2.46%** | **Utah–2.46%** | **Utah–2.46%** |
| Salt Lake City (City of), UT; Series 2017 A, RB<sup>(e)(f)(i)</sup> <br>| 5.00% | 07/01/2047 | 3000 | &nbsp;&nbsp; 3010980 |
| Utah (State of) Charter School Finance Authority (Wallace Stegner Academy); Series 2022 A, RB<sup>(d)</sup> <br>| 5.75% | 06/15/2052 | 3000 | &nbsp;&nbsp; 2926307 |
| Wildwood (Cityof), Reserve Infrastructure Financing District; Series 2025, RB<sup>(d)</sup> <br>| 6.25% | 12/01/2054 | 1327 | &nbsp;&nbsp; 1362699 |
|  |  |  |  | &nbsp;&nbsp; 7299986 |
| **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** | **Virginia–0.70%** |
| Ballston Quarter Community Development Authority; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A-1, RB | 5.50% | 03/01/2046 | 376 | &nbsp;&nbsp; 376749 |
| &nbsp;&nbsp;&nbsp; Series 2016 A-2, RB<sup>(j)</sup> <br>| 7.13% | 03/01/2059 | 902 | &nbsp;&nbsp; 830375 |
| Tobacco Settlement Financing Corp.; Series 2007 B-2, RB | 5.20% | 06/01/2046 | 1000 | &nbsp;&nbsp; 868207 |
|  |  |  |  | &nbsp;&nbsp; 2075331 |
| **Washington–6.52%** | **Washington–6.52%** | **Washington–6.52%** | **Washington–6.52%** | **Washington–6.52%** |
| King (County of), WA Public Hospital District No. 2; Series 2015 A, RB<sup>(k)(m)</sup> <br>| 6.25% | 12/01/2025 | 1100 | &nbsp;&nbsp; 1100000 |
| Seattle (Port of), WA; Series 2025, RB<sup>(e)(f)</sup> <br>| 5.50% | 10/01/2050 | 10000 | &nbsp;&nbsp; 10680992 |
| Washington (State of) Convention Center Public Facilities District; Series 2018, RB<sup>(f)(i)</sup> <br>| 5.00% | 07/01/2058 | 3225 | &nbsp;&nbsp; 3225696 |
| Washington (State of) Housing Finance Commission; Series 2025, Ref. RB | 6.25% | 01/01/2056 | 2500 | &nbsp;&nbsp; 2496744 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities <br> Northwest); Series 2016 A, Ref. RB<sup>(d)</sup> <br>| 5.00% | 01/01/2051 | 2000 | &nbsp;&nbsp; 1838982 |
|  |  |  |  | &nbsp;&nbsp; 19342414 |
| **West Virginia–0.75%** | **West Virginia–0.75%** | **West Virginia–0.75%** | **West Virginia–0.75%** | **West Virginia–0.75%** |
| &nbsp;&nbsp;&nbsp; Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development <br> District); Series 2019 A, RB<sup>(b)(d)(l)</sup> <br>| 5.75% | 06/01/2042 | 1495 | &nbsp;&nbsp; 1055540 |
| &nbsp;&nbsp;&nbsp; Monongalia (County of), WV Commission Special District (University Town Centre Economic <br> Opportunity Development District); Series 2017 A, Ref. RB<sup>(d)</sup> <br>| 5.75% | 06/01/2043 | 1000 | &nbsp;&nbsp; 1010923 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** | **West Virginia–(continued)** |
| West Virginia (State of) Economic Development Authority (Entsorga West Virginia LLC); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, RB<sup>(b)(d)(e)</sup> <br>| 7.25% | 02/01/2036 |  | $750 | &nbsp;&nbsp; $75000 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(b)(d)(e)</sup> <br>| 8.75% | 02/01/2036 |  | 240 | &nbsp;&nbsp; 72000 |
|  |  |  |  |  | &nbsp;&nbsp; 2213463 |
| **Wisconsin–8.24%** | **Wisconsin–8.24%** | **Wisconsin–8.24%** | **Wisconsin–8.24%** | **Wisconsin–8.24%** | **Wisconsin–8.24%** |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Health & Educational Facilities Authority; Series 2018, VRD RB (LOC - Barclays <br> Bank PLC)<sup>(n)(o)</sup> <br>| 0.02% | 02/15/2050 |  | 6700 | &nbsp;&nbsp; 6700000 |
| Wisconsin (State of) Public Finance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 A, Ref. RB<sup>(d)</sup> <br>| 6.25% | 10/01/2053 |  | 1000 | &nbsp;&nbsp; 1020056 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(d)(h)</sup> <br>| 0.00% | 07/01/2062 |  | 2000 | &nbsp;&nbsp; 1600000 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(d)</sup> <br>| 7.00% | 07/01/2055 |  | 1000 | &nbsp;&nbsp; 1005345 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB<sup>(e)</sup> <br>| 6.50% | 06/30/2060 |  | 2000 | &nbsp;&nbsp; 2211751 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center); Series 2017 A, RB <br> (Acquired 12/01/2017; Cost $1,965,676)<sup>(b)(c)(d)</sup> <br>| 6.85% | 10/01/2047 |  | 2000 | &nbsp;&nbsp; 200000 |
| Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno); Series 2022, RB<sup>(d)</sup> <br>| 5.88% | 06/01/2052 |  | 900 | &nbsp;&nbsp; 866213 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center); Series 2017 <br> A, RB (Acquired 04/03/2017; Cost $982,664)<sup>(b)(c)(d)</sup> <br>| 6.85% | 11/01/2046 |  | 1000 | &nbsp;&nbsp; 550000 |
| Wisconsin (State of) Public Finance Authority (Explore Academy); Series 2018 A, RB<sup>(d)</sup> <br>| 6.13% | 02/01/2048 |  | 1170 | &nbsp;&nbsp; 1158115 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Maryland Proton Treatment Center); Series 2018 A-1, <br> RB<sup>(d)</sup> <br>| 6.25% | 01/01/2038 |  | 1000 | &nbsp;&nbsp; 450000 |
| Wisconsin (State of) Public Finance Authority (Midtown); Series 2025, RB<sup>(d)(h)</sup> <br>| 0.00% | 12/15/2034 |  | 3750 | &nbsp;&nbsp; 2217450 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities); <br> Series 2017 A, RB<sup>(e)</sup> <br>| 7.25% | 06/01/2035 |  | 2500 | &nbsp;&nbsp; 2634309 |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy); Series 2023, RB<sup>(d)</sup> <br>| 6.25% | 07/15/2053 |  | 475 | &nbsp;&nbsp; 487823 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Roseman University of Health Sciences); Series 2015, <br> Ref. RB<br>| 5.88% | 04/01/2045 |  | 660 | &nbsp;&nbsp; 659993 |
| Wisconsin (State of) Public Finance Authority (Two Step); Series 2024, RB<sup>(d)(h)</sup> <br>| 0.00% | 12/15/2034 |  | 1500 | &nbsp;&nbsp; 877228 |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy); Series 2022 A, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2057 |  | 2000 | &nbsp;&nbsp; 1826171 |
|  |  |  |  |  | &nbsp;&nbsp; 24464454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $432,794,085) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $432,794,085) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $432,794,085) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $432,794,085) |  | &nbsp;&nbsp; 433041647 |
| **U.S. Dollar Denominated Bonds & Notes–0.35%** | **U.S. Dollar Denominated Bonds & Notes–0.35%** | **U.S. Dollar Denominated Bonds & Notes–0.35%** | **U.S. Dollar Denominated Bonds & Notes–0.35%** | **U.S. Dollar Denominated Bonds & Notes–0.35%** | **U.S. Dollar Denominated Bonds & Notes–0.35%** |
| **Texas–0.35%** | **Texas–0.35%** | **Texas–0.35%** | **Texas–0.35%** | **Texas–0.35%** | **Texas–0.35%** |
| &nbsp;&nbsp;&nbsp; AM BidCo Holdings LLC <br>(Cost $1,036,767)<sup>(l)</sup> <br>| 3.86% | 10/21/2027 |  | 1037 | &nbsp;&nbsp; 1036767 |
|  |  |  | **Shares** | **Shares** |  |
| **Common Stocks & Other Equity Interests–0.20%** | **Common Stocks & Other Equity Interests–0.20%** | **Common Stocks & Other Equity Interests–0.20%** | **Common Stocks & Other Equity Interests–0.20%** | **Common Stocks & Other Equity Interests–0.20%** | **Common Stocks & Other Equity Interests–0.20%** |
| BL Train Holdings West LLC; Wts. expiring 12/01/2025<sup>(l)</sup> <br>|  |  |  | 18000 | &nbsp;&nbsp; 0 |
| AM BidCo Holdings LLC<sup>(l)</sup> <br>|  |  |  | 58 | &nbsp;&nbsp; 583200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $583,200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $583,200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $583,200) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks & Other Equity Interests (Cost $583,200) |  | &nbsp;&nbsp; 583200 |
| **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** | **Preferred Stocks–0.00%** |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $0)<sup>(l)</sup> <br>|  |  |  | 13681 | &nbsp;&nbsp; 0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–146.42% (Cost $434,414,052) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–146.42% (Cost $434,414,052) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–146.42% (Cost $434,414,052) | TOTAL INVESTMENTS IN SECURITIES<sup>(p)</sup>–146.42% (Cost $434,414,052) |  | &nbsp;&nbsp; 434661614 |
| FLOATING RATE NOTE OBLIGATIONS–(45.86)% | FLOATING RATE NOTE OBLIGATIONS–(45.86)% | FLOATING RATE NOTE OBLIGATIONS–(45.86)% | FLOATING RATE NOTE OBLIGATIONS–(45.86)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.31% to 3.46% at 11/30/2025 and <br>contractual maturities of collateral ranging from 08/01/2030 to 07/01/2058<sup>(q)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (136130000)<br>|
| OTHER ASSETS LESS LIABILITIES–(0.56)% | OTHER ASSETS LESS LIABILITIES–(0.56)% | OTHER ASSETS LESS LIABILITIES–(0.56)% | OTHER ASSETS LESS LIABILITIES–(0.56)% |  | &nbsp;&nbsp; (1663310)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $296868304 |

---

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

**Invesco Municipal Income Opportunities Trust**

------

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| GO | – General Obligation |
| IDR | – Industrial Development Revenue Bonds |
| INS | – Insurer |
| LOC | – Letter of Credit |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| VRD | – Variable Rate Demand |
| Wts. | – Warrants |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> 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 $4,520,955, which represented 1.52% of the Trust's Net Assets. 

<sup>(c)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $4,005,337, which represented 1.35% of the Trust's Net Assets.

<sup>(d)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $72,478,360, which represented 24.41% of the Trust's Net Assets. 

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

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

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

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

<sup>(i)</sup> Security is subject to a reimbursement agreement which may require the Trust 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 Trust could ultimately be required to make under the agreement is $47,411,280. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

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

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

<sup>(n)</sup> Demand security payable upon demand by the Trust 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>(o)</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>(p)</sup> Entities may either issue, guarantee, back or otherwise enhance the credit quality of a security. The entities are not primarily responsible for the issuer's obligations but may be called upon to satisfy issuer's obligations. No concentration of any single entity was greater than 5% each. 

<sup>(q)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Trust's investments with a value of $189,512,686 are held by TOB Trusts and serve as collateral for the $136,130,000 in the floating rate note obligations outstanding at that date. 

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

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

**Invesco Municipal Income Opportunities Trust**

------

**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; $431815958 | &nbsp;&nbsp;&nbsp;&nbsp; $1225689 | &nbsp;&nbsp;&nbsp;&nbsp; $433041647 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1036767 | &nbsp;&nbsp;&nbsp;&nbsp; 1036767 |
| Common Stocks & Other Equity Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 583200 | &nbsp;&nbsp;&nbsp;&nbsp; 583200 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 431815958 | &nbsp;&nbsp;&nbsp;&nbsp; 2845656 | &nbsp;&nbsp;&nbsp;&nbsp; 434661614 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1659684 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1659684 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $433475642 | &nbsp;&nbsp;&nbsp;&nbsp; $2845656 | &nbsp;&nbsp;&nbsp;&nbsp; $436321298 |

---

**Invesco Municipal Income Opportunities Trust**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Municipal Income Opportunities Trust

- **b. Investment Company Act file number:** 811-05597

- **c. CIK number of Registrant:** 0000835333

- **d. LEI of Registrant:** DJSR2NJ3985722G80Y20

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

  - **Street Address 1:** 1331 Spring Street NW, Suite 2500

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30309

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

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

- **a. Name of Series:** Invesco Municipal Income Opportunities Trust

- **c. LEI of Series:** DJSR2NJ3985722G80Y20

**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:** $437857878.69

**Total Liabilities:** $140989574.37

**Net Assets:** $296868304.32

**Delayed Delivery Securities:** $2446775.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -85.07093152 | **1-Year:** -1129.48132436 | **5-Year:** -5101.75297596 | **10-Year:** -21691.95277196 | **30-Year:** -8870.59395429

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

- **3-Month:** -436.58181504 | **1-Year:** -6365.22393704 | **5-Year:** -22235.94213327 | **10-Year:** -60591.18971226 | **30-Year:** -38277.41792035

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 5.81%                | 1.47%                | 0.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $501519.11               | $14132967.64                               |
| Month 2  | $-262495.50              | $3265766.61                                |
| Month 3  | $96094.54                | $772884.72                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California (State of) Statewide Communities Development Authority (Creative Child Care & Team Charter)                                           | California (State of) Statewide Communities Development Authority (Creative Child Care & Team Charter), Series 2015, RB                           | CUSIP: 13080KAU5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    690000 | PA      | $675693.54    | 0.23%             | 2045-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2007 B-2, RB                                                                                           | CUSIP: 88880NAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868207.00    | 0.29%             | 2046-06-01      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Tallahassee Tapestry)                                                                                                | Capital Trust Agency, Inc. (Tallahassee Tapestry), Series 2015, RB                                                                                | CUSIP: 14052WCG0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $12000.00     | 0.00%             | 2035-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Tallahassee Tapestry)                                                                                                | Capital Trust Agency, Inc. (Tallahassee Tapestry), Series 2015, RB                                                                                | CUSIP: 14052WCH8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $120000.00    | 0.04%             | 2045-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School)                                                                       | Illinois (State of) Finance Authority (Intrinsic Schools - Belmont School), Series 2015, RB                                                       | CUSIP: 452022AH9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000156.80   | 0.34%             | 2045-12-01      | Fixed         | 6.00%                 | 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: 091081DN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953210.50    | 0.32%             | 2045-06-01      | Fixed         | 5.75%                 | 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: 95648VAY5<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    750000 | PA      | $75000.00     | 0.03%             | 2036-02-01      | Fixed         | 7.25%                 | 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: 779719AB9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    450000 | PA      | $451335.78    | 0.15%             | 2046-09-15      | 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 2016 A, RB                                         | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1745692.38   | 0.59%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch)                                                               | Payne (County of), OK Economic Development Authority (Epworth Living at the Ranch), Series 2016 A, RB                                             | CUSIP: 704387AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665467 | PA      | $2794.96      | 0.00%             | 2051-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community)                                                               | New Hope Cultural Education Facilities Finance Corp. (Carillon Lifecare Community), Series 2016, Ref. RB                                          | CUSIP: 64542UBB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602079.00    | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities Northwest)                                                 | Washington (State of) Housing Finance Commission (Presbyterian Retirement Communities Northwest), Series 2016 A, Ref. RB                          | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1838981.80   | 0.62%             | 2051-01-01      | 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: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $918050.91    | 0.31%             | 2046-11-15      | Fixed         | 5.50%                 | 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: 64542UDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1262254.35   | 0.43%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bristol (City of), TN Industrial Development Board (Pinnacle)                                                                                    | Bristol (City of), TN Industrial Development Board (Pinnacle), Series 2016, RB                                                                    | CUSIP: 11023QAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892026.00    | 0.30%             | 2035-06-01      | Fixed         | 5.62%                 | 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        |   1000000 | PA      | $790000.00    | 0.27%             | 2052-02-15      | Fixed         | 6.38%                 | 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        |   1500000 | PA      | $1529927.25   | 0.52%             | 2038-01-01      | Fixed         | 6.00%                 | 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        |   3000000 | PA      | $3010980.00   | 1.01%             | 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: 497609BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2252814.75   | 0.76%             | 2037-05-15      | 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        |   1250000 | PA      | $1106999.25   | 0.37%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gardens on Havana Metropolitan District No. 3 (The)                                                                                              | Gardens on Havana Metropolitan District No. 3 (The), Series 2017 B, RB                                                                            | CUSIP: 365491AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260082.19    | 0.09%             | 2047-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center)                                                            | Wisconsin (State of) Public Finance Authority (Delray Beach Radiation Therapy Center), Series 2017 A, RB                                          | CUSIP: 74442PDE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $550000.00    | 0.19%             | 2046-11-01      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities)                                      | Westchester (County of), NY Industrial Development Agency (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                    | CUSIP: 95737MAA9<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041206.30   | 0.35%             | 2046-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities)                                                  | Wisconsin (State of) Public Finance Authority (Million Air Two LLC General Aviation Facilities), Series 2017 A, RB                                | CUSIP: 74446DAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2634309.00   | 0.89%             | 2035-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana)                                                     | Tarrant County Cultural Education Facilities Finance Corp. (Buckner Senior Living - Ventana), Series 2017, RB                                     | CUSIP: 87638RJE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007103.60   | 0.34%             | 2052-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Cuyahoga (County of), OH (MetroHealth System)                                                                                                    | Cuyahoga (County of), OH (MetroHealth System), Series 2017, Ref. RB                                                                               | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1912856.20   | 0.64%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Series 2017 B, Ref. RB                                                                                                | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024423.80   | 0.68%             | 2040-10-01      | 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: 61022CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010923.60   | 0.34%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.)                                                                           | Idaho (State of) Health Facilities Authority (Valley Vista Care Corp.), Series 2017 A, Ref. RB                                                    | CUSIP: 451295YZ6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1149055.36   | 0.39%             | 2047-11-15      | Fixed         | 5.25%                 | 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        |   2000000 | PA      | $1946282.00   | 0.66%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center)                                                                    | Wisconsin (State of) Public Finance Authority (Alabama Proton Therapy Center), Series 2017 A, RB                                                  | CUSIP: 74442PEV3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $200000.00    | 0.07%             | 2047-10-01      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.)                                                             | Massachusetts (Commonwealth of) Development Finance Agency (Newbridge Charles, Inc.), Series 2017, Ref. RB                                        | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967581.10    | 0.33%             | 2057-10-01      | 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        |   2000000 | PA      | $1778866.20   | 0.60%             | 2045-06-01      | 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: 378286JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1218240.75   | 0.41%             | 2040-11-15      | 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        |   1000000 | PA      | $1016490.60   | 0.34%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Explore Academy)                                                                                  | Wisconsin (State of) Public Finance Authority (Explore Academy), Series 2018 A, RB                                                                | CUSIP: 74443DCL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1158115.37   | 0.39%             | 2048-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust V                                                                                                                | New York Counties Tobacco Trust V, Series 2005 S-2, RB                                                                                            | CUSIP: 649441AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8100000 | PA      | $1234295.01   | 0.42%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor)                                                                           | Reno (City of), NV (ReTRAC - Reno Transportation Rail Access Corridor), Series 2018 C, Ref. RB                                                    | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $655009.20    | 0.22%             | 2058-07-01      | None          | 0.00%                 | 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        |   1000000 | PA      | $450000.00    | 0.15%             | 2038-01-01      | Fixed         | 6.25%                 | No            |                  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        |   3225000 | PA      | $3225695.63   | 1.09%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                         | CUSIP: 45506DP82<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000028.80   | 0.34%             | 2038-07-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (Irvington Community School)                                                                                | Indiana (State of) Finance Authority (Irvington Community School), Series 2018 A, Ref. RB                                                         | CUSIP: 45506DP90<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974631.80    | 0.33%             | 2048-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina (State of) Medical Care Commission (Salemtowne Project)                                                                           | North Carolina (State of) Medical Care Commission (Salemtowne Project), Series 2018 A, RB                                                         | CUSIP: 65820YPN0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1165662.16   | 0.39%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts)                                                                                   | Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts), Series 2018 A, RB                                                                 | CUSIP: 509893AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1281217.08   | 0.43%             | 2038-07-15      | Fixed         | 5.38%                 | 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: 791524CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1480694.55   | 0.50%             | 2049-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Millsboro (Town of), DE (Plantation Lakes Special Development District)                                                                          | Millsboro (Town of), DE (Plantation Lakes Special Development District), Series 2018, Ref. RB                                                     | CUSIP: 601266AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $976897.87    | 0.33%             | 2048-07-01      | Fixed         | 5.25%                 | 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        |    240000 | PA      | $72000.00     | 0.02%             | 2036-02-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| South Carolina (State of) Jobs-Economic Development Authority (High Point Academy)                                                               | South Carolina (State of) Jobs-Economic Development Authority (High Point Academy), Series 2018 A, RB                                             | CUSIP: 83704MAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1416589.95   | 0.48%             | 2039-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Finance Authority (Northcrest, Inc.)                                                                                             | Iowa (State of) Finance Authority (Northcrest, Inc.), Series 2018 A, RB                                                                           | CUSIP: 46245FAV6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155263.90   | 0.39%             | 2038-03-01      | 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        |    140000 | PA      | $140186.66    | 0.05%             | 2032-06-01      | Fixed         | 8.00%                 | 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        |  24150000 | PA      | $8235094.46   | 2.77%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                        | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |  10062000 | PA      | $2507618.44   | 0.84%             | 2051-07-01      | None          | 0.00%                 | 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        |   1000000 | PA      | $1002673.50   | 0.34%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                          | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2016 A, Ref. RB                                   | CUSIP: 821697P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $710071.13    | 0.24%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Advantage Academy of Hillsborough)                                                                                   | Capital Trust Agency, Inc. (Advantage Academy of Hillsborough), Series 2019 A, RB                                                                 | CUSIP: 14054CCA5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    600000 | PA      | $539073.18    | 0.18%             | 2049-12-15      | 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        |  25000000 | PA      | $1892560.00   | 0.64%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village)                                                                  | Lee's Summit (City of), MO Industrial Development Authority (John Knox Village), Series 2016 A, RB                                                | CUSIP: 524292AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1835383.80   | 0.62%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee's Summit (City of), MO Industrial Development Authority (John Knox Village)                                                                  | Lee's Summit (City of), MO Industrial Development Authority (John Knox Village), Series 2018 A, Ref. RB                                           | CUSIP: 524292BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $823177.24    | 0.28%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio (State of) Air Quality Development Authority (AMG Vanadium Project)                                                                         | Ohio (State of) Air Quality Development Authority (AMG Vanadium Project), Series 2019, RB                                                         | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1823077.60   | 0.61%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District)                                            | Harrison (County of), WV County Commission (Charles Pointe Economic Opportunity Development District), Series 2019 A, RB                          | CUSIP: 41524TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1055539.67   | 0.36%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                               | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                          | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $721738.85    | 0.24%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC)                                                                     | Brazoria County Industrial Development Corp. (Gladieux Metals Recycling LLC), Series 2019, RB                                                     | CUSIP: 10604PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $11600.00     | 0.00%             | 2039-03-01      | Fixed         | 7.00%                 | 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        |   1525000 | PA      | $1056062.50   | 0.36%             | 2040-11-01      | 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: 45204E6F0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $692500.00    | 0.23%             | 2049-11-01      | Fixed         | 5.00%                 | Yes           |                  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        |  11600000 | PA      | $1019184.12   | 0.34%             | 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        |   1750000 | PA      | $1476173.83   | 0.50%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 1999, RB                                                | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    705000 | PA      | $705920.31    | 0.24%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hess Ranch Metropolitan District No. 6                                                                                                           | Hess Ranch Metropolitan District No. 6, Series 2020 A-2, GO Bonds                                                                                 | CUSIP: 428112AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944328.20    | 0.32%             | 2049-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2020, GO Bonds                                                                                                        | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053993.40   | 0.36%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools)                                                             | Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools), Series 2020, Ref. RB                                        | CUSIP: 72177MTE7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501555.80   | 0.51%             | 2040-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools)                                                             | Pima (County of), AZ Industrial Development Authority (The) (Career Success Schools), Series 2020, Ref. RB                                        | CUSIP: 72177MTF4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984489.60    | 0.33%             | 2050-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                          | New York (State of) Dormitory Authority, Series 2018, RB                                                                                          | CUSIP: 64990AQM0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2306954.70   | 0.78%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin (County of), OH (Wesley Communities)                                                                                                    | Franklin (County of), OH (Wesley Communities), Series 2020, Ref. RB                                                                               | CUSIP: 353180LL4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1385599.65   | 0.47%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Remuda Ranch Metropolitan District                                                                                                               | Remuda Ranch Metropolitan District, Series 2020 A, GO Bonds                                                                                       | CUSIP: 75971UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2294000 | PA      | $1933862.19   | 0.65%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (River City Science Academy)                                                                                   | Florida Development Finance Corp. (River City Science Academy), Series 2021, RB                                                                   | CUSIP: 34061UGR3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1012098.48   | 0.34%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                                              | Wisconsin Health & Educational Facilities Authority, Series 2018, RB                                                                              | CUSIP: 97712DP83<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 2.26%             | 2050-02-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| Illinois (State of)                                                                                                                              | Illinois (State of), Series 2021 A, GO Bonds                                                                                                      | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510427.20    | 0.17%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No. 1                                                                                                                | Verve Metropolitan District No. 1, Series 2021, Ref. GO Bonds                                                                                     | CUSIP: 92538YAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $516243.84    | 0.17%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                           | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2007 TT, RB                                                                        | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    495000 | PA      | $330412.50    | 0.11%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa (State of) Tobacco Settlement Authority                                                                                                     | Iowa (State of) Tobacco Settlement Authority, Series 2021 B-2, Ref. RB                                                                            | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12525000 | PA      | $1879451.40   | 0.63%             | 2065-06-01      | 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        |    925000 | PA      | $660218.75    | 0.22%             | 2043-01-01      | Fixed         | 5.50%                 | Yes           |                  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   | 0.62%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition)                                                  | Daly (City of), CA Housing Development Finance Agency (Franciscan Mobile Home Park Acquisition), Series 2007 C, Ref. RB                           | CUSIP: 235669FK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $820117.75    | 0.28%             | 2047-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chaparral Pointe Metropolitan District                                                                                                           | Chaparral Pointe Metropolitan District, Series 2021, GO Bonds                                                                                     | CUSIP: 15941AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1221877.44   | 0.41%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgetown (City of), CT Special Taxing District                                                                                                 | Georgetown (City of), CT Special Taxing District, Series 2006 A, GO Bonds                                                                         | CUSIP: 373022AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5310000 | PA      | $637200.00    | 0.21%             | 2036-10-01      | Fixed         | 5.12%                 | 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        |   2000000 | PA      | $1117052.00   | 0.38%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp. (Barclays Center)                                                                                         | Brooklyn Arena Local Development Corp. (Barclays Center), Series 2009, RB                                                                         | CUSIP: 113807AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $3479725.00   | 1.17%             | 2046-07-15      | None          | 0.00%                 | 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        |   1475000 | PA      | $1010143.57   | 0.34%             | 2035-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology)                                | Massachusetts (Commonwealth of) Health & Educational Facilities Authority (Massachusetts Institute of Technology), Series 2002 K, RB              | CUSIP: 57585KWD6<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    505000 | PA      | $599017.12    | 0.20%             | 2032-07-01      | Fixed         | 5.50%                 | 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        |  11800000 | PA      | $1270120.14   | 0.43%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2004 A, Ref. GO Bonds                                                                                     | CUSIP: 57582NUZ6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1073305.54   | 0.36%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs)                                                                 | Alachua (County of), FL Health Facilities Authority (Terraces at Bonita Springs), Series 2022 A, Ref. RB                                          | CUSIP: 010685LE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $790427.83    | 0.27%             | 2061-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Logistics Airport Authority                                                                                                  | Southern California Logistics Airport Authority, Series 2008 A, RB                                                                                | CUSIP: 842472DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18085000 | PA      | $6415047.90   | 2.16%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Board of Education                                                                                                         | Chicago (City of), IL Board of Education, Series 2022 B, Ref. GO Bonds                                                                            | CUSIP: 167505YK6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1439337.72   | 0.48%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Subseries 2022, RN                                                                                                 | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    509143 | PA      | $326487.86    | 0.11%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Convention Center Hotel Revenue                                                                                             | County of Broward FL Convention Center Hotel Revenue, Series 2022, RB                                                                             | CUSIP: 115012AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12365000 | PA      | $13110584.77  | 4.42%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group)                                                           | Illinois (State of) Finance Authority (Northshore Edward Elmhurst Health Credit Group), Series 2022 A, Ref. RB                                    | CUSIP: 45204FQC2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5375000 | PA      | $5431482.11   | 1.83%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy)                                                                         | Wisconsin (State of) Public Finance Authority (Uwharrie Charter Academy), Series 2022 A, RB                                                       | CUSIP: 74442EJJ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1826171.00   | 0.62%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center                                                                                           | Regents of the University of California Medical Center, Series 2022 P, RB                                                                         | CUSIP: 913366KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10740000 | PA      | $10060534.97  | 3.39%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana (State of) Finance Authority (University of Evansville)                                                                                  | Indiana (State of) Finance Authority (University of Evansville), Series 2022 A, Ref. RB                                                           | CUSIP: 45470ECB9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3472212.10   | 1.17%             | 2044-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                                                                                                               | New York Counties Tobacco Trust IV, Series 2010 A, RB                                                                                             | CUSIP: 62947YAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    982000 | PA      | $948036.06    | 0.32%             | 2041-06-01      | Fixed         | 6.25%                 | 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 2022, RB                                                | CUSIP: 04052BSK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1599112.14   | 0.54%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| East Bend Metropolitan District                                                                                                                  | East Bend Metropolitan District, Series 2022, GO Bonds                                                                                            | CUSIP: 27103CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2590439.54   | 0.87%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Utah (State of) Charter School Finance Authority (Wallace Stegner Academy)                                                                       | Utah (State of) Charter School Finance Authority (Wallace Stegner Academy), Series 2022 A, RB                                                     | CUSIP: 91754TS79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2926307.10   | 0.99%             | 2052-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (Intermountain Healthcare)                                                                       | Colorado (State of) Health Facilities Authority (Intermountain Healthcare), Series 2022 A, Ref. RB                                                | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9900000 | PA      | $9068195.07   | 3.05%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The))                                                                | New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven (The)), Series 2022, RB                                                | CUSIP: 64542UGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85089.58     | 0.03%             | 2027-10-01      | 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        |   1500000 | PA      | $1506282.45   | 0.51%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                                                                                             | Dominion Water & Sanitation District, Series 2022, Ref. RB                                                                                        | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2257000 | PA      | $2313725.41   | 0.78%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Rudolph Farms Metropolitan District No. 6                                                                                                        | Rudolph Farms Metropolitan District No. 6, Series 2022 A, GO Bonds                                                                                | CUSIP: 78128QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1464064.95   | 0.49%             | 2052-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Miami-Dade (County of), FL Transit System                                                                                                        | Miami-Dade (County of), FL Transit System, Series 2022, RB                                                                                        | CUSIP: 59334PKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5208789.50   | 1.75%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno)                                                                    | Wisconsin (State of) Public Finance Authority (Coral Academy of Science Reno), Series 2022, RB                                                    | CUSIP: 744396HS4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    900000 | PA      | $866212.83    | 0.29%             | 2052-06-01      | Fixed         | 5.88%                 | 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        |   1052816 | PA      | $1042806.85   | 0.35%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ramsey (City of), MN (Pact Charter School)                                                                                                       | Ramsey (City of), MN (Pact Charter School), Series 2022 A, Ref. RB                                                                                | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501307.55   | 0.51%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole (County of), FL                                                                                                                         | Seminole (County of), FL, Series 2022, Ref. RB                                                                                                    | CUSIP: 816699BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2512540.30   | 0.85%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                         | Texas (State of) Water Development Board, Series 2022, RB                                                                                         | CUSIP: 88285ABJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042233.80   | 0.69%             | 2052-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Texas (State of) Water Development Board                                                                                                         | Texas (State of) Water Development Board, Series 2022, RB                                                                                         | CUSIP: 88285ABK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029866.10   | 0.35%             | 2057-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamden (Town of), CT (Whitney Center)                                                                                                            | Hamden (Town of), CT (Whitney Center), Series 2022 A, RB                                                                                          | CUSIP: 406802AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058714.10   | 0.36%             | 2053-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                                                                                               | Missouri Development Finance Board, Series 2022, Ref. RB                                                                                          | CUSIP: 60636VDF1<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542138.30   | 0.52%             | 2052-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY Transitional Finance Authority                                                                                            | New York (City of), NY Transitional Finance Authority, Subseries 2022 D-1, RB                                                                     | CUSIP: 64971X4F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5263527.00   | 1.77%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Palomar Health)                                                                               | California (State of) Municipal Finance Authority (Palomar Health), Series 2022 A, Ref. COP                                                       | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288713.13   | 0.43%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Denver (City & County of), CO                                                                                                                    | Denver (City & County of), CO, Series 2022 D, Ref. RB                                                                                             | CUSIP: 249182TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2159764.20   | 0.73%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                                                                                | City & County of Denver CO Airport System Revenue, Series 2022, RB                                                                                | CUSIP: 249182TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046971.40   | 0.35%             | 2042-11-15      | Fixed         | 5.00%                 | 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: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3140338.80   | 1.06%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1)                                           | North Las Vegas (City of), NV Special Improvement District No. 66 (Villages at Tule Springs Village 1), Series 2022, RB                           | CUSIP: 66041HHP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1580506.95   | 0.53%             | 2047-06-01      | Fixed         | 5.75%                 | 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: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1326827.38   | 0.45%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy)                                                                 | St. Paul (City of), MN Housing & Redevelopment Authority (Higher Ground Academy), Series 2023, Ref. RB                                            | CUSIP: 852297DT4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    545000 | PA      | $564490.02    | 0.19%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Parrish Charter Academy, Inc.)                                                                                | Florida Development Finance Corp. (Parrish Charter Academy, Inc.), Series 2023, RB                                                                | CUSIP: 34061ULY2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2131563.48   | 0.72%             | 2028-06-15      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Ventura Unified School District                                                                                                                  | Ventura Unified School District, Series 2023, GO Bonds                                                                                            | CUSIP: 923004TU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3900484.40   | 1.31%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Meadow Metropolitan District (Senior Bonds)                                                                                                 | West Meadow Metropolitan District (Senior Bonds), Series 2023 A, Ref. GO Bonds                                                                    | CUSIP: 954261AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515500.55    | 0.17%             | 2050-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                                  | Long Beach (City of), CA Bond Finance Authority, Series 2023, RB                                                                                  | CUSIP: 54241QDH8<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9456709.00   | 3.19%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Manatee (County of), FL                                                                                                                          | Manatee (County of), FL, Series 2023, RB                                                                                                          | CUSIP: 561851LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9241879.00   | 3.11%             | 2053-10-01      | Fixed         | 4.00%                 | 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        |   5750000 | PA      | $6188769.85   | 2.08%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority                                                                                                       | Metropolitan Washington Airports Authority, Series 2023, RB                                                                                       | CUSIP: 592647MC2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6250912.80   | 2.11%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium)                                                              | Knox (County of), TN & Knoxville (City of), TN Sports Authority (Multi-Use Stadium), Series 2023 A, RB                                            | CUSIP: 499419AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5563409.50   | 1.87%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2023 A, GO Bonds                                                                                          | CUSIP: 57582R3A2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10020000 | PA      | $10435927.19  | 3.52%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Quality Education Academy)                                                                        | Wisconsin (State of) Public Finance Authority (Quality Education Academy), Series 2023, RB                                                        | CUSIP: 744396JA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    475000 | PA      | $487822.86    | 0.16%             | 2053-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                            | California (State of), Series 2023, GO Bonds                                                                                                      | CUSIP: 13063D5F1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4311092.80   | 1.45%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                                                    | North Texas Tollway Authority, Series 2011 B, RB                                                                                                  | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $3765057.80   | 1.27%             | 2031-09-01      | None          | 0.00%                 | 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        |   1000000 | PA      | $1007829.20   | 0.34%             | 2049-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2023 BB, RB                                                                     | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5273422.50   | 1.78%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel)                                                                        | Indianapolis Local Public Improvement Bond Bank (Convention Center Hotel), Series 2023 E, RB                                                      | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046994.00   | 0.35%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                                                                                           | Maine Health & Higher Educational Facilities Authority, Series 2023, RB                                                                           | CUSIP: 56042SCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10660000 | PA      | $10778054.17  | 3.63%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority                                                                                                    | Wisconsin (State of) Public Finance Authority, Series 2023 A, Ref. RB                                                                             | CUSIP: 74442ELK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020056.40   | 0.34%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp. (Cypress Christian School)                                                                              | Arlington Higher Education Finance Corp. (Cypress Christian School), Series 2024, RB                                                              | CUSIP: 041807GA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522905.45   | 0.51%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District (School Facilities Improvement)                                                                                    | Poway Unified School District (School Facilities Improvement), Series 2011, GO Bonds                                                              | CUSIP: 738850RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $4916688.00   | 1.66%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Riverview Towers Apartments)                                                            | New Jersey (State of) Housing & Mortgage Finance Agency (Riverview Towers Apartments), Series 2024, RB                                            | CUSIP: 646127FN5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2483785.80   | 0.84%             | 2065-12-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (KIPP Miami N Campus)                                                                                                    | Capital Trust Authority (KIPP Miami N Campus), Series 2024 A, RB                                                                                  | CUSIP: 14054WAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $659280.57    | 0.22%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (KIPP Miami N Campus)                                                                                                    | Capital Trust Authority (KIPP Miami N Campus), Series 2024 A, RB                                                                                  | CUSIP: 14054WAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $812688.96    | 0.27%             | 2060-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico) | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)  | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |     81559 | PA      | $81126.98     | 0.03%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico) | Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Authority (AES Puerto Rico)  | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    622033 | PA      | $617641.01    | 0.21%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  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        |    376000 | PA      | $376748.50    | 0.13%             | 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        |    902000 | PA      | $830374.89    | 0.28%             | 2059-03-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc., Pfd.                                                                                                                        | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     13681 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Miami-Dade (County of), FL                                                                                                                       | Miami-Dade (County of), FL, Series 2009, RB                                                                                                       | CUSIP: 59333NNM1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $3864256.56   | 1.30%             | 2042-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority                                                                                                          | New York (State of) Dormitory Authority, Series 2024 A, Ref. RB                                                                                   | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $14094823.60  | 4.75%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Kissimmee Charter Academy)                                                                                   | Capital Projects Finance Authority (Kissimmee Charter Academy), Series 2024, RB                                                                   | CUSIP: 14043FAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $280314.24    | 0.09%             | 2054-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Kissimmee Charter Academy)                                                                                   | Capital Projects Finance Authority (Kissimmee Charter Academy), Series 2024, RB                                                                   | CUSIP: 14043FAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $456512.02    | 0.15%             | 2059-06-15      | Fixed         | 6.62%                 | 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        |   2000000 | PA      | $650000.00    | 0.22%             | 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: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998670.80    | 0.34%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail)                                                                            | Florida Development Finance Corp. (Brightline Florida Passenger Rail), Series 2024, Ref. RB                                                       | CUSIP: 340618DP9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1660000.00   | 0.56%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston (City of), TX Airport System (Continental Airlines, Inc.)                                                                                | Houston (City of), TX Airport System (Continental Airlines, Inc.), Series 2011 A, Ref. RB                                                         | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000684.30   | 0.34%             | 2038-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority (Central Florida Preparatory School Project)                                                                             | Capital Trust Authority (Central Florida Preparatory School Project), Series 2024, RB                                                             | CUSIP: 14054WAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997479.20    | 0.34%             | 2054-06-15      | Fixed         | 6.62%                 | 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        |   1000000 | PA      | $975606.50    | 0.33%             | 2045-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts (Commonwealth of)                                                                                                                  | Massachusetts (Commonwealth of), Series 2024 E, GO Bonds                                                                                          | CUSIP: 57582TAQ5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9480000 | PA      | $9928186.91   | 3.34%             | 2053-08-01      | Fixed         | 5.00%                 | 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        |   1500000 | PA      | $877227.60    | 0.30%             | 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: 717901BZ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7464892.40   | 2.51%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No. 2                                                                                                             | Palisade Metropolitan District No. 2, Series 2024, Ref. RB                                                                                        | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476640.90    | 0.16%             | 2054-12-15      | Variable      | 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        |   2000000 | PA      | $1600000.00   | 0.54%             | 2062-07-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                                                          | Michigan Strategic Fund, Series 2016, RB                                                                                                          | CUSIP: 594ESCAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2705000 | PA      | $603215.00    | 0.20%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The))                                                         | Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way (The)), Series 2024 A, RB                                       | CUSIP: 87638RKM8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    658624 | PA      | $568651.09    | 0.19%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Midtown)                                                                                          | Wisconsin (State of) Public Finance Authority (Midtown), Series 2025, RB                                                                          | CUSIP: 74442PL45<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2217450.38   | 0.75%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)                                                                | New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 2012, RB                                                | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    705000 | PA      | $706179.82    | 0.24%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC)                                                 | Lee (County of), FL Industrial Development Authority (Lee County Community Charter Schools, LLC), Series 2012, IDR                                | CUSIP: 52349KBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199972.28   | 0.40%             | 2042-06-15      | Fixed         | 5.75%                 | 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        |   1500000 | PA      | $1508468.70   | 0.51%             | 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        |   1000000 | PA      | $1032939.80   | 0.35%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Haymeadow Metropolitan District No. 1                                                                                                            | Haymeadow Metropolitan District No. 1, Series 2025, GO Bonds                                                                                      | CUSIP: 42089FAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1188495.99   | 0.40%             | 2049-12-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Hutto (City of), TX                                                                                                                              | Hutto (City of), TX, Series 2025, RB                                                                                                              | CUSIP: 448529AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293595.93    | 0.10%             | 2045-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ritoro Metropolitan District                                                                                                                     | Ritoro Metropolitan District, Series 2025, Ref. GO Bonds                                                                                          | CUSIP: 76778TAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    598000 | PA      | $599178.06    | 0.20%             | 2057-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority (Millenia Orlando)                                                                                            | Capital Projects Finance Authority (Millenia Orlando), Series 2025 A, RB                                                                          | CUSIP: 14043HAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074809.80   | 0.70%             | 2040-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Nassau (County of), NY Industrial Development Agency                                                                                             | Nassau (County of), NY Industrial Development Agency                                                                                              | CUSIP: 631ESCAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1478780 | PA      | $0.00         | 0.00%             | 2058-01-01      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Wildwood (Cityof), Reserve Infrastructure Financing District                                                                                     | Wildwood (Cityof), Reserve Infrastructure Financing District, Series 2025, RB                                                                     | CUSIP: 96821AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1327390 | PA      | $1362699.24   | 0.46%             | 2054-12-01      | Fixed         | 6.25%                 | 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        |   3000000 | PA      | $3148470.90   | 1.06%             | 2059-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                         | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2211750.80   | 0.75%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Coon Rapids (City of), MN (Athlos Leadership Academy)                                                                                            | Coon Rapids (City of), MN (Athlos Leadership Academy), Series 2025, RB                                                                            | CUSIP: 21657FAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016980.90   | 1.02%             | 2065-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Sunrise of Long Beach)                                                                           | California (State of) Public Finance Authority (Sunrise of Long Beach), Series 2025, RB                                                           | CUSIP: 13057TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1551968.70   | 0.52%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Sunrise of Long Beach)                                                                           | California (State of) Public Finance Authority (Sunrise of Long Beach), Series 2025, RB                                                           | CUSIP: 13057TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1553723.25   | 0.52%             | 2065-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                                                                               | Port of Seattle WA, Series 2025, RB                                                                                                               | CUSIP: 7353894D7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10680992.00  | 3.60%             | 2050-10-01      | Fixed         | 5.50%                 | 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: 041807PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013065.60   | 0.34%             | 2065-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                                             | Colorado Health Facilities Authority, Series 2025, RB                                                                                             | CUSIP: 19648FZS6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004040.00   | 0.68%             | 2058-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Dawson Trails Metropolitan District No 1                                                                                                         | Dawson Trails Metropolitan District No 1, Series 2025, GO Bonds                                                                                   | CUSIP: 23945PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1935348.80   | 0.65%             | 2055-12-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                         | Public Finance Authority, Series 2025, RB                                                                                                         | CUSIP: 74443DMK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005344.70   | 0.34%             | 2055-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Shakopee MN Senior Housing Revenue                                                                                                       | City of Shakopee MN Senior Housing Revenue, Series 2025, RB                                                                                       | CUSIP: 81919TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $806400.40    | 0.27%             | 2045-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp.                                                                                                             | Ulster County Capital Resource Corp., Series 2025, RB                                                                                             | CUSIP: 903768AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990580.60    | 0.33%             | 2059-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                                                                                            | AM BIDCO HOLDINGS LLC                                                                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        58 | NS      | $583200.00    | 0.20%             |  |  |  | No            |                  3 | On Loan: No      |
| AM BIDCO HOLDINGS LLC                                                                                                                            | AM BIDCO HOLDINGS LLC                                                                                                                             | CUSIP: 00169UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1036767 | PA      | $1036766.84   | 0.35%             | 2027-10-21      | Floating      | 3.86%                 | No            |                  3 | 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: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000461.60   | 0.34%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                                                      | Washington State Housing Finance Commission, Series 2025, RB                                                                                      | CUSIP: 939783Z41<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2496744.50   | 0.84%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                                                | State of Nevada Department of Business & Industry, Series 2025, RB                                                                                | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $1840250.00   | 0.62%             | 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        |     18000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor)                                                          | Shelby (County of), TN Health, Educational & Housing Facilities Board (Trezevant Manor), Series 2013 A, Ref. RB                                   | CUSIP: 821697K81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1379963.20   | 0.46%             | 2047-09-01      | Fixed         | 5.50%                 | 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        |   3075000 | PA      | $3057802.45   | 1.03%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskingum (County of), OH (Genesis Healthcare System)                                                                                            | Muskingum (County of), OH (Genesis Healthcare System), Series 2013, RB                                                                            | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966041.90    | 0.33%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rochester (City of), MN (Homestead at Rochester, Inc.)                                                                                           | Rochester (City of), MN (Homestead at Rochester, Inc.), Series 2013 A, RB                                                                         | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000526.10   | 0.34%             | 2048-12-01      | Fixed         | 6.88%                 | 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        |    305000 | PA      | $309186.49    | 0.10%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing)                                                    | Kentucky (Commonwealth of) Public Transportation Infrastructure Authority (Downtown Crossing), Series 2013 C, RB                                  | CUSIP: 491397AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2268082.80   | 0.76%             | 2046-07-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002, RB                                      | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765715.80    | 0.26%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.)                                                        | Alachua (County of), FL Health Facilities Authority (East Ridge Retirement Village, Inc.), Series 2014, RB                                        | CUSIP: 010685JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    279174 | PA      | $4187.60      | 0.00%             | 2049-11-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Stanford University)                                                                     | California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB                                                 | CUSIP: 1301783W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3480432.00   | 1.17%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2005 A, RB                                                                                                          | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $4744368.70   | 1.60%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)                                              | New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2014 A, RB                            | CUSIP: 645912DT0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200472.32   | 0.40%             | 2049-10-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (3 World Trade Center)                                                                                        | New York Liberty Development Corp. (3 World Trade Center), Series 2014-3, Ref. RB                                                                 | CUSIP: 649519DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002221.50   | 1.01%             | 2044-11-15      | Fixed         | 7.25%                 | 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 2014, RB                         | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004576.60   | 0.68%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                      | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2006 A, RB                                    | CUSIP: 130923BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $2544011.00   | 0.86%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority                                                 | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority, Series 2015 A, Ref. RB                          | CUSIP: 546282H72<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    750000 | PA      | $748963.28    | 0.25%             | 2045-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Branson Hills Infrastructure Facilities Community Improvement District                                                                           | Branson Hills Infrastructure Facilities Community Improvement District, Series 2007 A, RB                                                         | CUSIP: 10542RAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    607676 | PA      | $170149.32    | 0.06%             | 2027-04-01      | Fixed         | 5.50%                 | No            |                  3 | 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: 74442PAU9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    660000 | PA      | $659993.00    | 0.22%             | 2045-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Charyl Stockwell Academy                                                                                                                         | Charyl Stockwell Academy, Series 2015, Ref. RB                                                                                                    | CUSIP: 161419AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $590632.80    | 0.20%             | 2045-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| King (County of), WA Public Hospital District No. 4                                                                                              | King (County of), WA Public Hospital District No. 4, Series 2015 A, RB                                                                            | CUSIP: 494796AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.37%             | 2045-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois (State of) Finance Authority (Villa St. Benedict)                                                                                       | Illinois (State of) Finance Authority (Villa St. Benedict), Series 2015, Ref. RB                                                                  | CUSIP: 45203H3M2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    775000 | PA      | $775177.63    | 0.26%             | 2043-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Invesco Municipal Income Opportunities Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer