# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0000909466-26-000042
**Filing Date:** 2026-1
**Character Count:** 70234
**Document Hash:** f16295ae082480bd075d2ee609e4278d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000909466-26-000042.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000909466-26-000042

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07890
- **FILM NUMBER:** 26575326

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

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

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

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

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

## Series and Classes Contracts Data

### Invesco Environmental Focus Municipal Fund (Series ID: S000064634)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209249 | Class R6     | IOMUX           |
| C000209250 | Class Y      | OPYMX           |
| C000209251 | Class C      | OPCMX           |
| C000209252 | Class A      | OPAMX           |

## 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–100.31%** | **Municipal Obligations–100.31%** | **Municipal Obligations–100.31%** | **Municipal Obligations–100.31%** | **Municipal Obligations–100.31%** |
| **Arizona–2.40%** | **Arizona–2.40%** | **Arizona–2.40%** | **Arizona–2.40%** | **Arizona–2.40%** |
| &nbsp;&nbsp;&nbsp; Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus <br> Project); Series 2018 A, RB<sup>(a)</sup> <br>| 5.25% | 12/15/2038 | $100 | &nbsp;&nbsp; $100357 |
| &nbsp;&nbsp;&nbsp; Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School); <br> Series 2018, RB<sup>(a)</sup> <br>| 6.00% | 07/01/2052 | 1000 | &nbsp;&nbsp; 1008839 |
| Maricopa County Pollution Control Corp. (Southern California Edison); Series 2000, Ref. RB | 2.40% | 06/01/2035 | 1000 | &nbsp;&nbsp; 853881 |
|  |  |  |  | &nbsp;&nbsp; 1963077 |
| **Arkansas–1.84%** | **Arkansas–1.84%** | **Arkansas–1.84%** | **Arkansas–1.84%** | **Arkansas–1.84%** |
| Arkansas (State of) Development Finance Authority (Green Bonds); Series 2022, RB<sup>(b)</sup> <br>| 5.45% | 09/01/2052 | 1500 | &nbsp;&nbsp; 1506282 |
| **California–5.09%** | **California–5.09%** | **California–5.09%** | **California–5.09%** | **California–5.09%** |
| Anaheim (City of), CA Housing & Public Improvements Authority; Series 2025 A, RB | 5.25% | 10/01/2050 | 1000 | &nbsp;&nbsp; 1048151 |
| California (State of) Health Facilities Financing Authority (CommonSpirit Health); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB<sup>(c)(d)</sup> <br>| 4.00% | 04/01/2030 | 35 | &nbsp;&nbsp; 37263 |
| &nbsp;&nbsp;&nbsp; Series 2020, Ref. RB | 4.00% | 04/01/2049 | 965 | &nbsp;&nbsp; 883203 |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.); Series 2023, RB<sup>(a)(b)</sup> <br>| 5.00% | 07/01/2038 | 500 | &nbsp;&nbsp; 534425 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (San Diego County Water Authority); <br> Series 2019, Ref. RB<sup>(a)</sup> <br>| 5.00% | 11/21/2045 | 1650 | &nbsp;&nbsp; 1670938 |
|  |  |  |  | &nbsp;&nbsp; 4173980 |
| **Colorado–1.89%** | **Colorado–1.89%** | **Colorado–1.89%** | **Colorado–1.89%** | **Colorado–1.89%** |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health); Series 2022, RB | 5.25% | 11/01/2052 | 1500 | &nbsp;&nbsp; 1548309 |
| **District of Columbia–7.27%** | **District of Columbia–7.27%** | **District of Columbia–7.27%** | **District of Columbia–7.27%** | **District of Columbia–7.27%** |
| District of Columbia (Green Bonds); Series 2022 A, RB<sup>(b)</sup> <br>| 5.50% | 08/31/2034 | 2500 | &nbsp;&nbsp; 2868656 |
| Washington Metropolitan Area Transit Authority; Series 2025 A, RB<sup>(e)(f)</sup> <br>| 5.25% | 07/15/2055 | 2000 | &nbsp;&nbsp; 2116125 |
| Washington Metropolitan Area Transit Authority (Green Bonds); Series 2024 A, RB | 4.38% | 07/15/2056 | 1000 | &nbsp;&nbsp; 971319 |
|  |  |  |  | &nbsp;&nbsp; 5956100 |
| **Florida–3.77%** | **Florida–3.77%** | **Florida–3.77%** | **Florida–3.77%** | **Florida–3.77%** |
| Capital Trust Agency, Inc. (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 4.00% | 06/15/2031 | 700 | &nbsp;&nbsp; 679157 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(a)</sup> <br>| 4.00% | 06/15/2051 | 2000 | &nbsp;&nbsp; 1484754 |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion); Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.25% | 07/01/2047 | 1000 | &nbsp;&nbsp; 830000 |
| Lake Helen (City of), FL (Ivy Hawn Charter School of the Arts); Series 2018 A, RB<sup>(a)</sup> <br>| 5.75% | 07/15/2053 | 100 | &nbsp;&nbsp; 95791 |
|  |  |  |  | &nbsp;&nbsp; 3089702 |
| **Georgia–6.54%** | **Georgia–6.54%** | **Georgia–6.54%** | **Georgia–6.54%** | **Georgia–6.54%** |
| Atlanta (City of), GA (Beltline); Series 2016 A, Ref. RB | 5.00% | 01/01/2026 | 1275 | &nbsp;&nbsp; 1276898 |
| Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle); Series 1995, RB | 2.20% | 10/01/2032 | 1750 | &nbsp;&nbsp; 1539285 |
| City of Atlanta GA Department of Aviation (Green Bonds) ; Series 2025 B-1, RB<sup>(b)(f)</sup> <br>| 5.50% | 07/01/2055 | 2000 | &nbsp;&nbsp; 2129412 |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 6.38% | 12/01/2053 | 250 | &nbsp;&nbsp; 244767 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-2, RB<sup>(d)</sup> <br>| 5.50% | 12/01/2028 | 175 | &nbsp;&nbsp; 170396 |
|  |  |  |  | &nbsp;&nbsp; 5360758 |
| **Illinois–5.05%** | **Illinois–5.05%** | **Illinois–5.05%** | **Illinois–5.05%** | **Illinois–5.05%** |
| Chicago (City of), IL; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. GO Bonds | 5.00% | 01/01/2033 | 1000 | &nbsp;&nbsp; 1045146 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (INS - AGI)<sup>(g)</sup> <br>| 5.25% | 11/01/2053 | 1000 | &nbsp;&nbsp; 1041172 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, GO Bonds | 6.00% | 01/01/2050 | 1000 | &nbsp;&nbsp; 1050937 |
| Chicago (City of), IL Park District; Series 2020 D, GO Bonds (INS - BAM)<sup>(g)</sup> <br>| 4.00% | 01/01/2038 | 1000 | &nbsp;&nbsp; 1002461 |
|  |  |  |  | &nbsp;&nbsp; 4139716 |
| **Iowa–0.12%** | **Iowa–0.12%** | **Iowa–0.12%** | **Iowa–0.12%** | **Iowa–0.12%** |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC); Series 2018, RB | 6.00% | 10/01/2048 | 100 | &nbsp;&nbsp; 94578 |

---

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

**Invesco Environmental Focus Municipal Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Kentucky–1.21%** | **Kentucky–1.21%** | **Kentucky–1.21%** | **Kentucky–1.21%** | **Kentucky–1.21%** |
| Henderson (City of), KY (Pratt Paper LLC); Series 2022 B, RB<sup>(a)(b)</sup> <br>| 4.45% | 01/01/2042 | $1000 | &nbsp;&nbsp; $987439 |
| **Louisiana–2.09%** | **Louisiana–2.09%** | **Louisiana–2.09%** | **Louisiana–2.09%** | **Louisiana–2.09%** |
| &nbsp;&nbsp;&nbsp; Louisiana (State of) Local Government Environmental Facilities & Community Development Authority <br> (Entergy Louisiana LLC); Series 2021 B, Ref. RB<br>| 2.50% | 04/01/2036 | 2000 | &nbsp;&nbsp; 1712452 |
| **Maryland–2.43%** | **Maryland–2.43%** | **Maryland–2.43%** | **Maryland–2.43%** | **Maryland–2.43%** |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds); Series 2022 B, RB<sup>(b)</sup> <br>| 5.25% | 06/30/2055 | 2000 | &nbsp;&nbsp; 1991211 |
| **Massachusetts–1.21%** | **Massachusetts–1.21%** | **Massachusetts–1.21%** | **Massachusetts–1.21%** | **Massachusetts–1.21%** |
| &nbsp;&nbsp;&nbsp; Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bonds); <br> Series 2015, RB<br>| 5.00% | 07/01/2044 | 1000 | &nbsp;&nbsp; 987249 |
| **Minnesota–7.45%** | **Minnesota–7.45%** | **Minnesota–7.45%** | **Minnesota–7.45%** | **Minnesota–7.45%** |
| Chisago (City of), MN (CDL Homes LLC); Series 2013 B, RB | 6.00% | 08/01/2043 | 1000 | &nbsp;&nbsp; 1000058 |
| Cokato (City of), MN (Cokato Charitable Trust); Series 2006 A, Ref. RB | 5.25% | 12/01/2026 | 30 | &nbsp;&nbsp; 29710 |
| Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul); Series 2015, RB | 6.00% | 08/01/2035 | 2300 | &nbsp;&nbsp; 1813772 |
| Hayward (City of), MN (St. John's Lutheran Home of Albert Lea); Series 2014, Ref. RB<sup>(h)</sup> <br>| 5.38% | 10/01/2044 | 500 | &nbsp;&nbsp; 265000 |
| International Falls (City of), MN (Boise Cascade Corp.); Series 1999, Ref. RB<sup>(b)</sup> <br>| 6.85% | 12/01/2029 | 115 | &nbsp;&nbsp; 115262 |
| Little Canada (City of), MN (PHS/Mayfield LLC); Series 2010, Ref. RB | 6.00% | 12/01/2030 | 250 | &nbsp;&nbsp; 250022 |
| Minneapolis & St. Paul (Cities of), MN Housing Finance Board; Series 2007 A-2, RB (CEP - GNMA)<sup>(b)</sup> <br>| 5.52% | 03/01/2041 | 5 | &nbsp;&nbsp; 5000 |
| St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts); Series 2004, RB | 6.25% | 03/01/2029 | 137 | &nbsp;&nbsp; 127905 |
| St. Paul (City of), MN Port Authority; Series 2007-1, RB | 5.00% | 08/01/2036 | 1105 | &nbsp;&nbsp; 1105799 |
| Stillwater (City of), MN (Orleans Homes); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007, RB<sup>(b)</sup> <br>| 5.38% | 02/01/2032 | 900 | &nbsp;&nbsp; 900028 |
| &nbsp;&nbsp;&nbsp; Series 2007, RB<sup>(b)</sup> <br>| 5.50% | 02/01/2042 | 510 | &nbsp;&nbsp; 493843 |
|  |  |  |  | &nbsp;&nbsp; 6106399 |
| **New Hampshire–3.47%** | **New Hampshire–3.47%** | **New Hampshire–3.47%** | **New Hampshire–3.47%** | **New Hampshire–3.47%** |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Covanta Green Bonds); Series 2020 B, Ref. <br> RB<sup>(a)(b)(d)</sup> <br>| 3.75% | 07/02/2040 | 1000 | &nbsp;&nbsp; 823302 |
| &nbsp;&nbsp;&nbsp; New Hampshire (State of) Business Finance Authority (Winston-Salem Sustainable Energy Partners); <br> Series 2025 A, RB<br>| 5.00% | 06/01/2055 | 2000 | &nbsp;&nbsp; 2020458 |
|  |  |  |  | &nbsp;&nbsp; 2843760 |
| **New Jersey–3.70%** | **New Jersey–3.70%** | **New Jersey–3.70%** | **New Jersey–3.70%** | **New Jersey–3.70%** |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Golden Door Charter School); Series 2018 A, <br> RB<sup>(a)</sup> <br>| 6.50% | 11/01/2052 | 100 | &nbsp;&nbsp; 102470 |
| New Jersey (State of) Economic Development Authority (Portal North Bridge); Series 2022 A, RB | 5.00% | 11/01/2052 | 1000 | &nbsp;&nbsp; 1030132 |
| New Jersey (State of) Educational Facilities Authority (Green Bonds); Series 2020 A, RB | 5.00% | 07/01/2037 | 1790 | &nbsp;&nbsp; 1899038 |
|  |  |  |  | &nbsp;&nbsp; 3031640 |
| **New Mexico–2.13%** | **New Mexico–2.13%** | **New Mexico–2.13%** | **New Mexico–2.13%** | **New Mexico–2.13%** |
| Farmington (City of), NM (San Juan and Four Corners); Series 2016 B, Ref. RB | 2.15% | 04/01/2033 | 2000 | &nbsp;&nbsp; 1742182 |
| **New York–25.98%** | **New York–25.98%** | **New York–25.98%** | **New York–25.98%** | **New York–25.98%** |
| Metropolitan Transportation Authority (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 C-1, RB | 5.00% | 11/15/2050 | 1000 | &nbsp;&nbsp; 1017168 |
| &nbsp;&nbsp;&nbsp; Series 2020 C-1, RB | 5.25% | 11/15/2055 | 2000 | &nbsp;&nbsp; 2058343 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2051 | 1500 | &nbsp;&nbsp; 1567211 |
| New York (City of), NY; |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 F-1, GO Bonds | 4.00% | 03/01/2047 | 1000 | &nbsp;&nbsp; 928034 |
| &nbsp;&nbsp;&nbsp; Subseries 2023 E-1, RB<sup>(f)</sup> <br>| 5.25% | 04/01/2047 | 1000 | &nbsp;&nbsp; 1051789 |
| New York (State of) Dormitory Authority (Montefiore Obligated Group); Series 2020 A, Ref. RB | 4.00% | 09/01/2045 | 1500 | &nbsp;&nbsp; 1312382 |
| New York (State of) Housing Finance Agency (Green Bonds); Series 2021 D-1, RB | 2.65% | 11/01/2051 | 2965 | &nbsp;&nbsp; 2004842 |
| New York (State of) Power Authority (Green Transmission) (Green Bonds); Series 2023, RB (INS - AGI)<sup>(g)</sup> <br>| 5.13% | 11/15/2063 | 1105 | &nbsp;&nbsp; 1159835 |
| New York Liberty Development Corp. (Green Bonds); |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB (INS - AGI)<sup>(g)</sup> <br>| 2.75% | 11/15/2041 | 1000 | &nbsp;&nbsp; 809501 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 2.88% | 11/15/2046 | 1000 | &nbsp;&nbsp; 736206 |

---

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

**Invesco Environmental Focus Municipal Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **New York–(continued)** | **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 New Terminal One) <br> (Green Bonds);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(b)</sup> <br>| 6.00% | 06/30/2054 |  | $3000 | &nbsp;&nbsp; $3120825 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB (INS - AGI)<sup>(b)(g)</sup> <br>| 5.25% | 06/30/2060 |  | 2000 | &nbsp;&nbsp; 2043896 |
| Triborough Bridge & Tunnel Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 C-3, RB | 4.00% | 05/15/2051 |  | 1500 | &nbsp;&nbsp; 1371721 |
| &nbsp;&nbsp;&nbsp; Series 2024 A-1, RB | 5.25% | 05/15/2059 |  | 2000 | &nbsp;&nbsp; 2107474 |
|  |  |  |  |  | &nbsp;&nbsp; 21289227 |
| **Oregon–3.17%** | **Oregon–3.17%** | **Oregon–3.17%** | **Oregon–3.17%** | **Oregon–3.17%** | **Oregon–3.17%** |
| Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.); Series 2021, Ref. RB | 4.00% | 12/01/2051 |  | 2000 | &nbsp;&nbsp; 1548763 |
| Portland (Port of), OR (Green Bonds); Twenty Ninth Series 2023, RB<sup>(b)</sup> <br>| 5.50% | 07/01/2053 |  | 1000 | &nbsp;&nbsp; 1052525 |
|  |  |  |  |  | &nbsp;&nbsp; 2601288 |
| **Pennsylvania–2.58%** | **Pennsylvania–2.58%** | **Pennsylvania–2.58%** | **Pennsylvania–2.58%** | **Pennsylvania–2.58%** | **Pennsylvania–2.58%** |
| Geisinger Authority (Geisinger Health System); Series 2020, Ref. RB | 4.00% | 04/01/2050 |  | 2415 | &nbsp;&nbsp; 2117147 |
| **Tennessee–0.12%** | **Tennessee–0.12%** | **Tennessee–0.12%** | **Tennessee–0.12%** | **Tennessee–0.12%** | **Tennessee–0.12%** |
| &nbsp;&nbsp;&nbsp; Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development); <br> Series 2018, RB<sup>(a)</sup> <br>| 5.13% | 06/01/2036 |  | 100 | &nbsp;&nbsp; 101618 |
| **Washington–6.37%** | **Washington–6.37%** | **Washington–6.37%** | **Washington–6.37%** | **Washington–6.37%** | **Washington–6.37%** |
| Seattle (City of), WA; Series 2025, Ref. RB | 5.25% | 02/01/2055 |  | 2000 | &nbsp;&nbsp; 2152274 |
| Washington (State of) Economic Development Finance Authority (Green Bonds); Series 2020 A, RB<sup>(a)(b)</sup> <br>| 5.63% | 12/01/2040 |  | 2000 | &nbsp;&nbsp; 2043342 |
| &nbsp;&nbsp;&nbsp; Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center); Series 2017, Ref. <br> RB<br>| 5.00% | 08/15/2035 |  | 1000 | &nbsp;&nbsp; 1022639 |
|  |  |  |  |  | &nbsp;&nbsp; 5218255 |
| **Wisconsin–4.43%** | **Wisconsin–4.43%** | **Wisconsin–4.43%** | **Wisconsin–4.43%** | **Wisconsin–4.43%** | **Wisconsin–4.43%** |
| Somers (Village of), WI; Series 2018 B, Ref. RB | 4.85% | 06/01/2036 |  | 1235 | &nbsp;&nbsp; 1235741 |
| &nbsp;&nbsp;&nbsp; Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University); <br> Series 2019 A, RB (INS - AGI)<sup>(g)</sup> <br>| 5.00% | 07/01/2058 |  | 100 | &nbsp;&nbsp; 100551 |
| Wisconsin (State of) Public Finance Authority (Green Bonds); Series 2021, RB<sup>(b)</sup> <br>| 4.00% | 09/30/2051 |  | 2540 | &nbsp;&nbsp; 2109591 |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy); Series 2019, RB<sup>(a)</sup> <br>| 5.00% | 06/15/2039 |  | 100 | &nbsp;&nbsp; 98945 |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools); Series 2019 A, RB<sup>(a)</sup> <br>| 5.50% | 06/01/2054 |  | 100 | &nbsp;&nbsp; 83681 |
|  |  |  |  |  | &nbsp;&nbsp; 3628509 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–100.31% (Cost $81,817,224) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–100.31% (Cost $81,817,224) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–100.31% (Cost $81,817,224) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–100.31% (Cost $81,817,224) |  | &nbsp;&nbsp; 82190878 |
| FLOATING RATE NOTE OBLIGATIONS–(4.58)% | FLOATING RATE NOTE OBLIGATIONS–(4.58)% | FLOATING RATE NOTE OBLIGATIONS–(4.58)% | FLOATING RATE NOTE OBLIGATIONS–(4.58)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.34% to 3.35% at 11/30/2025 and <br>contractual maturities of collateral ranging from 04/01/2047 to 07/15/2055<sup>(j)</sup> <br>|  |  |  |  | &nbsp;&nbsp; (3755000)<br>|
| OTHER ASSETS LESS LIABILITIES–4.27% | OTHER ASSETS LESS LIABILITIES–4.27% | OTHER ASSETS LESS LIABILITIES–4.27% | OTHER ASSETS LESS LIABILITIES–4.27% |  | &nbsp;&nbsp; 3502779 |
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $81938657 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| RB | – Revenue Bonds |
| Ref. | – Refunding |

---

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

**Invesco Environmental Focus Municipal Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at November 30, 2025 was $9,815,058, which represented 11.98% of the Fund's Net Assets. 

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

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

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

<sup>(e)</sup> Security is subject to a reimbursement agreement which may require the Fund to pay amounts to a counterparty in the event of a significant decline in the market value of the security underlying the TOB Trusts. In case of a shortfall, the maximum potential amount of payments the Fund could ultimately be required to make under the agreement is $1,500,000. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

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

<sup>(h)</sup> The issuer is paying less than stated interest, but is not in default on principal because scheduled principal payments have not yet begun.

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

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

---

| | |
|:---|:---|
| **Entity** | **Percent** |
| Assured Guaranty Inc. | 6.27<br> %<br>|

---

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

<sup>(j)</sup> Floating rate note obligations related to securities held. The interest and fee rates shown reflect the rates in effect at November 30, 2025. At November 30, 2025, the Fund's investments with a value of $5,297,326 are held by TOB Trusts and serve as collateral for the $3,755,000 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 Environmental Focus Municipal Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 — Prices are determined using quoted prices in an active market for identical assets.

Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

As of November 30, 2025, all of the securities in this Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). 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.

**Invesco Environmental Focus Municipal Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Invesco Environmental Focus Municipal Fund

- **b. EDGAR series identifier (if any):** S000064634

- **c. LEI of Series:** 549300QGE4S83FPUCM16

**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:** $85919697.99

**Total Liabilities:** $4125691.48

**Net Assets:** $81794006.51

**Cash Not Reported:** $2374135.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -81.93378665 | **1-Year:** -1781.52992649 | **5-Year:** -11311.12292232 | **10-Year:** -24931.47142510 | **30-Year:** -12306.25647801

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

- **3-Month:** -82.83929862 | **1-Year:** -650.29190792 | **5-Year:** -2431.66380012 | **10-Year:** -4632.67738834 | **30-Year:** -1499.28897953

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209249 | 3.34%                | 1.22%                | 0.26%                |
| Class ID C000209250 | 3.34%                | 1.22%                | 0.26%                |
| Class ID C000209251 | 3.26%                | 1.14%                | 0.18%                |
| Class ID C000209252 | 3.32%                | 1.20%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-94502.86               | $2437166.75                                |
| Month 2  | $6190.29                 | $718829.82                                 |
| Month 3  | $2750.00                 | $-89559.60                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center)                                   | Washington (State of) Health Care Facilities Authority (Virginia Mason Medical Center), Series 2017, Ref. RB                                     | CUSIP: 93978HSP1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022643.20   | 1.25%             | 2035-08-15      | 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: 509893AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95791.26     | 0.12%             | 2053-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development)                       | Nashville (City of), TN Metropolitan Development and Housing Agency (Fifth + Broadway Development), Series 2018, RB                              | CUSIP: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101618.06    | 0.12%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project)              | Arizona (State of) Industrial Development Authority (Mater Academy of Nevada Mountain Vista Campus Project), Series 2018 A, RB                   | CUSIP: 04052BGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100357.42    | 0.12%             | 2038-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts)                                          | St. Paul (City of), MN Housing & Redevelopment Authority (Great Northern Lofts), Series 2004, RB                                                 | CUSIP: 792904EX8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    137000 | PA      | $127904.67    | 0.16%             | 2029-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cokato (City of), MN (Cokato Charitable Trust)                                                                           | Cokato (City of), MN (Cokato Charitable Trust), Series 2006 A, Ref. RB                                                                           | CUSIP: 192634CA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29710.18     | 0.04%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Little Canada (City of), MN (PHS/Mayfield LLC)                                                                           | Little Canada (City of), MN (PHS/Mayfield LLC), Series 2010, Ref. RB                                                                             | CUSIP: 53702CAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250022.00    | 0.31%             | 2030-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hayward (City of), MN (St. John's Lutheran Home of Albert Lea)                                                           | Hayward (City of), MN (St. John's Lutheran Home of Albert Lea), Series 2014, Ref. RB                                                             | CUSIP: 421307AM1<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $265000.00    | 0.32%             | 2044-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Golden Door Charter School)                                        | New Jersey (State of) Economic Development Authority (Golden Door Charter School), Series 2018 A, RB                                             | CUSIP: 645912EX0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102469.96    | 0.13%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens)                                    | Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens), Series 2018 A-2, RB                                       | CUSIP: 67556TDA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $170396.38    | 0.21%             | 2028-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| St. Paul (City of), MN Port Authority                                                                                    | St. Paul (City of), MN Port Authority, Series 2007-1, RB                                                                                         | CUSIP: 79304NFW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1105799.36   | 1.35%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stillwater (City of), MN (Orleans Homes)                                                                                 | Stillwater (City of), MN (Orleans Homes), Series 2007, RB                                                                                        | CUSIP: 860770BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900027.72    | 1.10%             | 2032-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul)                                         | Dakota (County of), MN Community Development Agency (Sanctuary at West St. Paul), Series 2015, RB                                                | CUSIP: 23409VEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1813772.18   | 2.22%             | 2035-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Somers (Village of), WI                                                                                                  | Somers (Village of), WI, Series 2018 B, Ref. RB                                                                                                  | CUSIP: 83459TAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1235741.49   | 1.51%             | 2036-06-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| International Falls (City of), MN (Boise Cascade Corp.)                                                                  | International Falls (City of), MN (Boise Cascade Corp.), Series 1999, Ref. RB                                                                    | CUSIP: 459500AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115261.48    | 0.14%             | 2029-12-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Stillwater (City of), MN (Orleans Homes)                                                                                 | Stillwater (City of), MN (Orleans Homes), Series 2007, RB                                                                                        | CUSIP: 860770BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $493843.35    | 0.60%             | 2042-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minneapolis & St. Paul (Cities of), MN Housing Finance Board                                                             | Minneapolis & St. Paul (Cities of), MN Housing Finance Board, Series 2007 A-2, RB                                                                | CUSIP: 603798AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5000.16      | 0.01%             | 2041-03-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Chisago (City of), MN (CDL Homes LLC)                                                                                    | Chisago (City of), MN (CDL Homes LLC), Series 2013 B, RB                                                                                         | CUSIP: 17012CAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000058.00   | 1.22%             | 2043-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Clear Lake (City of), IA (Timbercrest Apartments, LLC)                                                                   | Clear Lake (City of), IA (Timbercrest Apartments, LLC), Series 2018, RB                                                                          | CUSIP: 184635AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94577.76     | 0.12%             | 2048-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School)                             | Maricopa (County of), AZ Industrial Development Authority (Benjamin Franklin Charter School), Series 2018, RB                                    | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008839.30   | 1.23%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens)                                    | Oconee (County of), GA Industrial Development Authority (Presbyterian Village Athens), Series 2018 A-1, RB                                       | CUSIP: 67556TCZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244766.50    | 0.30%             | 2053-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (San Diego County Water Authority)                           | California (State of) Pollution Control Financing Authority (San Diego County Water Authority), Series 2019, Ref. RB                             | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1670937.84   | 2.04%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University)                         | Wisconsin (State of) Public Finance Authority (Beyond Boone, LLC - Appalachian State University), Series 2019 A, RB                              | CUSIP: 74439YBY6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100550.65    | 0.12%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy)                                        | Wisconsin (State of) Public Finance Authority (North Carolina Leadership Academy), Series 2019, RB                                               | CUSIP: 74442EEF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98944.86     | 0.12%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta (City of), GA (Beltline)                                                                                         | Atlanta (City of), GA (Beltline), Series 2016 A, Ref. RB                                                                                         | CUSIP: 047849EP5<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1276898.22   | 1.56%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools)                                          | Wisconsin (State of) Public Finance Authority (Traders Point Christian Schools), Series 2019 A, RB                                               | CUSIP: 74442PLY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $83680.74     | 0.10%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Dormitory Authority (Montefiore Obligated Group)                                                     | New York (State of) Dormitory Authority (Montefiore Obligated Group), Series 2020 A, Ref. RB                                                     | CUSIP: 64990GZQ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1312381.80   | 1.60%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                         | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058343.40   | 2.52%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2020 C-1, RB                                                                         | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017168.20   | 1.24%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL Park District                                                                                      | Chicago (City of), IL Park District, Series 2020 D, GO Bonds                                                                                     | CUSIP: 167615B85<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002461.00   | 1.23%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority (Geisinger Health System)                                                                            | Geisinger Authority (Geisinger Health System), Series 2020, Ref. RB                                                                              | CUSIP: 368497JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2117146.46   | 2.59%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority (Covanta Green Bonds)                                                | New Hampshire (State of) Business Finance Authority (Covanta Green Bonds), Series 2020 B, Ref. RB                                                | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823302.30    | 1.01%             | 2040-07-02      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Washington (State of) Economic Development Finance Authority (Green Bonds)                                               | Washington (State of) Economic Development Finance Authority (Green Bonds), Series 2020 A, RB                                                    | CUSIP: 93975YAH4<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043342.00   | 2.50%             | 2040-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                   | New York (City of), NY, Series 2021 F-1, GO Bonds                                                                                                | CUSIP: 64966QVV9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928034.20    | 1.13%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Entergy Louisiana LLC) | Louisiana (State of) Local Government Environmental Facilities & Community Development Authority (Entergy Louisiana LLC), Series 2021 B, Ref. RB | CUSIP: 54628CUH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1712451.60   | 2.09%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New York (State of) Housing Finance Agency (Green Bonds)                                                                 | New York (State of) Housing Finance Agency (Green Bonds), Series 2021 D-1, RB                                                                    | CUSIP: 64987JKG5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2004841.97   | 2.45%             | 2051-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.)                                        | Multnomah (County of), OR Hospital Facilities Authority (Terwilliger Plaza, Inc.), Series 2021, Ref. RB                                          | CUSIP: 62551PDA2<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1548762.40   | 1.89%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Green Bonds)                                                                         | New York Liberty Development Corp. (Green Bonds), Series 2021 A, Ref. RB                                                                         | CUSIP: 649519DV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $736205.70    | 0.90%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                     | Triborough Bridge & Tunnel Authority, Series 2021 C-3, RB                                                                                        | CUSIP: 89602HBY2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1371721.20   | 1.68%             | 2051-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Farmington (City of), NM (San Juan and Four Corners)                                                                     | Farmington (City of), NM (San Juan and Four Corners), Series 2016 B, Ref. RB                                                                     | CUSIP: 311450FW5<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1742181.60   | 2.13%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Wisconsin (State of) Public Finance Authority (Green Bonds)                                                              | Wisconsin (State of) Public Finance Authority (Green Bonds), Series 2021, RB                                                                     | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2109591.41   | 2.58%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle)                                       | Burke (County of), GA Development Authority (The) (Georgia Power Co. Plant Vogtle), Series 1995, RB                                              | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1539284.60   | 1.88%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp. (Southern California Edison)                                                     | Maricopa County Pollution Control Corp. (Southern California Edison), Series 2000, Ref. RB                                                       | CUSIP: 566854EM3<br>LEI: 549300QPXP6T4Y6I1D83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853880.60    | 1.04%             | 2035-06-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Green Bonds)                                                                                 | Capital Trust Agency, Inc. (Green Bonds), Series 2021, RB                                                                                        | CUSIP: 14052WEA1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    700000 | PA      | $679156.59    | 0.83%             | 2031-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc. (Green Bonds)                                                                                 | Capital Trust Agency, Inc. (Green Bonds), Series 2021, RB                                                                                        | CUSIP: 14052WEC7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1484753.60   | 1.82%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                    | Chicago (City of), IL, Series 2021 A, Ref. GO Bonds                                                                                              | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045146.00   | 1.28%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henderson (City of), KY (Pratt Paper LLC)                                                                                | Henderson (City of), KY (Pratt Paper LLC), Series 2022 B, RB                                                                                     | CUSIP: 425099AD0<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987439.10    | 1.21%             | 2042-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp. (Purple Line) (Green Bonds)                                                          | Maryland Economic Development Corp. (Purple Line) (Green Bonds), Series 2022 B, RB                                                               | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1991211.00   | 2.43%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia (Green Bonds)                                                                                       | District of Columbia (Green Bonds), Series 2022 A, RB                                                                                            | CUSIP: 25483VZZ0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2868656.50   | 3.51%             | 2034-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp. (Green Bonds)                                                                         | New York Liberty Development Corp. (Green Bonds), Series 2021 A, Ref. RB                                                                         | CUSIP: 649519ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $809501.40    | 0.99%             | 2041-11-15      | Fixed         | 2.75%                 | 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   | 1.84%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Colorado (State of) Health Facilities Authority (CommonSpirit Health)                                                    | Colorado (State of) Health Facilities Authority (CommonSpirit Health), Series 2022, RB                                                           | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548309.45   | 1.89%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Portal North Bridge)                                               | New Jersey (State of) Economic Development Authority (Portal North Bridge), Series 2022 A, RB                                                    | CUSIP: 64577XEE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030131.80   | 1.26%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.)                                    | California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.), Series 2023, RB                                           | CUSIP: 13054WBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534425.20    | 0.65%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland (Port of), OR (Green Bonds)                                                                                     | Portland (Port of), OR (Green Bonds), Twenty Ninth Series 2023, RB                                                                               | CUSIP: 7352403K7<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052525.10   | 1.29%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Green Bonds)                                                     | New Jersey (State of) Educational Facilities Authority (Green Bonds), Series 2020 A, RB                                                          | CUSIP: 6460666E5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1899038.57   | 2.32%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York (City of), NY                                                                                                   | New York (City of), NY, Subseries 2023 E-1, GO Bonds                                                                                             | CUSIP: 64966QZ78<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051789.30   | 1.29%             | 2047-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                                                                    | City of Chicago IL Waterworks Revenue, Series 2023, RB                                                                                           | CUSIP: 167736U96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041171.60   | 1.27%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York (State of) Power Authority (Green Transmission) (Green Bonds)                                                   | New York (State of) Power Authority (Green Transmission) (Green Bonds), Series 2023, RB                                                          | CUSIP: 65000XBW9<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1159834.52   | 1.42%             | 2063-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)         | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2023, RB                | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3120825.30   | 3.82%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                                     | Triborough Bridge & Tunnel Authority, Series 2024 A-1, RB                                                                                        | CUSIP: 896035DF6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2107473.60   | 2.58%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion)                                          | Florida Development Finance Corp. (Brightline Florida Passenger Rail Expansion), Series 2024, Ref. RB                                            | CUSIP: 340618DU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $830000.00    | 1.01%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds)         | New York Transportation Development Corp. (John F. Kennedy International Airport New Terminal One) (Green Bonds), Series 2024, RB                | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043895.80   | 2.50%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority (Green Bonds)                                                             | Washington Metropolitan Area Transit Authority (Green Bonds), Series 2024 A, RB                                                                  | CUSIP: 93878YDW6<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971318.80    | 1.19%             | 2056-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                        | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                          | CUSIP: 13032UY36<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37263.42     | 0.05%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                        | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020, Ref. RB                                          | CUSIP: 13032UY44<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    965000 | PA      | $883202.93    | 1.08%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority (Green Bonds)                                                                      | Metropolitan Transportation Authority (Green Bonds), Series 2024, Ref. RB                                                                        | CUSIP: 59260XCU0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567211.10   | 1.92%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire (State of) Business Finance Authority                                                                      | New Hampshire (State of) Business Finance Authority, Series 2025, RB                                                                             | CUSIP: 63607YCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020458.00   | 2.47%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago (City of), IL                                                                                                    | Chicago (City of), IL, Series 2025, GO Bonds                                                                                                     | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050937.20   | 1.28%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Seattle (City of), WA                                                                                                    | Seattle (City of), WA, Series 2025, RB                                                                                                           | CUSIP: 812643F33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152273.80   | 2.63%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                                                           | Washington Metropolitan Area Transit Authority, Series 2025, RB                                                                                  | CUSIP: 93878YEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116125.20   | 2.59%             | 2055-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                                                          | Anaheim Housing & Public Improvements Authority, Series 2025, RB                                                                                 | CUSIP: 032556PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048150.90   | 1.28%             | 2050-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                                | City of Atlanta GA Department of Aviation, Series 2025, RB                                                                                       | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129411.80   | 2.60%             | 2055-07-01      | Fixed         | 5.50%                 | 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        |       100 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bonds)                         | Massachusetts (Commonwealth of) Development Finance Agency (Boston Medical Center) (Green Bonds), Series 2015, RB                                | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987249.40    | 1.21%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer