# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0000909466-26-000048
**Filing Date:** 2026-1
**Character Count:** 125732
**Document Hash:** 9ae68dd07e9e34bc4927d264a3815515
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000909466-26-000048.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000909466-26-000048

**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:** 26575361

**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 New Jersey Municipal Fund (Series ID: S000064639)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209282 | Class C      | ONJCX           |
| C000209283 | Class Y      | ONJYX           |
| C000209284 | Class A      | ONJAX           |
| C000209285 | Class R6     | IORJX           |

## Nport-Ex

**Schedule of Investments** 

*November 30, 2025*

*(Unaudited)* 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest**<br> **Rate**<br>| **Maturity**<br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Municipal Obligations–101.36%** | **Municipal Obligations–101.36%** | **Municipal Obligations–101.36%** | **Municipal Obligations–101.36%** | **Municipal Obligations–101.36%** | **Municipal Obligations–101.36%** |
| **New Jersey–84.55%** | **New Jersey–84.55%** | **New Jersey–84.55%** | **New Jersey–84.55%** |  |  |
| &nbsp;&nbsp;&nbsp; Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds); <br> Series 2022, RB<br>| 6.00% | 06/15/2052 |  | $1450 | &nbsp;&nbsp; $1511933 |
| Casino Reinvestment Development Authority, Inc.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 11/01/2040 |  | 1500 | &nbsp;&nbsp; 1638951 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 11/01/2042 |  | 2900 | &nbsp;&nbsp; 3103586 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 11/01/2044 |  | 3000 | &nbsp;&nbsp; 2858394 |
| Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood); Series 2020 A, RB<sup>(b)</sup> <br>| 4.00% | 08/01/2060 |  | 1500 | &nbsp;&nbsp; 1230915 |
| &nbsp;&nbsp;&nbsp; Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing); Series 2021 A, <br> RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 08/01/2051 |  | 1040 | &nbsp;&nbsp; 973422 |
| Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/15/2054 |  | 500 | &nbsp;&nbsp; 499995 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB<sup>(b)</sup> <br>| 5.00% | 07/15/2064 |  | 775 | &nbsp;&nbsp; 762033 |
| Garden State Preservation Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003 B, RB (INS - AGI)<sup>(a)(c)</sup> <br>| 0.00% | 11/01/2026 |  | 140 | &nbsp;&nbsp; 136005 |
| &nbsp;&nbsp;&nbsp; Series 2005 A, RB (INS - AGI)<sup>(a)</sup> <br>| 5.75% | 11/01/2028 |  | 2695 | &nbsp;&nbsp; 2842856 |
| &nbsp;&nbsp;&nbsp; Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1); <br> Series 2023, RB<br>| 5.00% | 08/15/2053 |  | 7310 | &nbsp;&nbsp; 7658702 |
| &nbsp;&nbsp;&nbsp; Middlesex (County of), NJ Improvement Authority (Rutgers University) (New Jersey Health & Life <br> Science Exchange); Series 2023 A, RB<sup>(d)</sup> <br>| 5.00% | 08/15/2053 |  | 8000 | &nbsp;&nbsp; 8381616 |
| &nbsp;&nbsp;&nbsp; Middlesex (County of), NJ Improvement Authority (Senior Citizens Housing); Series 2000, RB (INS - <br> AMBAC)<sup>(a)(e)</sup> <br>| 5.50% | 09/01/2030 |  | 20 | &nbsp;&nbsp; 20043 |
| New Jersey (State of) Economic Development Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1998 B, RB<sup>(e)</sup> <br>| 6.50% | 04/01/2031 |  | 90 | &nbsp;&nbsp; 92838 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 07/01/2033 |  | 2800 | &nbsp;&nbsp; 2850681 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 07/01/2033 |  | 3000 | &nbsp;&nbsp; 3077546 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 06/15/2047 |  | 3000 | &nbsp;&nbsp; 3035602 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 08/01/2059 |  | 1000 | &nbsp;&nbsp; 1018385 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 11/01/2045 |  | 675 | &nbsp;&nbsp; 683511 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.25% | 11/01/2060 |  | 750 | &nbsp;&nbsp; 751065 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC); <br> Series 2019 A, RB (Acquired 10/18/2019; Cost $2,000,000)<sup>(b)(f)</sup> <br>| 5.00% | 10/01/2039 |  | 2000 | &nbsp;&nbsp; 1562282 |
| 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 |  | 1660 | &nbsp;&nbsp; 1662167 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(e)</sup> <br>| 5.75% | 09/15/2027 |  | 5790 | &nbsp;&nbsp; 5799690 |
| New Jersey (State of) Economic Development Authority (Foundation Academy Charter School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 07/01/2038 |  | 350 | &nbsp;&nbsp; 351562 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 07/01/2050 |  | 1000 | &nbsp;&nbsp; 925959 |
| New Jersey (State of) Economic Development Authority (Golden Door Charter School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 6.25% | 11/01/2038 |  | 1050 | &nbsp;&nbsp; 1083789 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 6.50% | 11/01/2052 |  | 2500 | &nbsp;&nbsp; 2561749 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter <br> School); Series 2017, RB<sup>(b)</sup> <br>| 5.25% | 07/01/2037 |  | 1215 | &nbsp;&nbsp; 1212499 |
| New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 6.00% | 10/01/2043 |  | 3200 | &nbsp;&nbsp; 3203019 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB<sup>(b)</sup> <br>| 6.00% | 10/01/2034 |  | 470 | &nbsp;&nbsp; 470464 |
| New Jersey (State of) Economic Development Authority (Lions Gate); Series 2014, RB | 5.25% | 01/01/2044 |  | 3815 | &nbsp;&nbsp; 3608331 |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.00% | 10/01/2033 |  | 1000 | &nbsp;&nbsp; 994435 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(b)</sup> <br>| 5.25% | 10/01/2038 |  | 2500 | &nbsp;&nbsp; 2420840 |
| New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.); Series 2024, RB<sup>(b)</sup> <br>| 7.00% | 08/01/2054 |  | 3875 | &nbsp;&nbsp; 3819910 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.); <br> Series 2019, Ref. RB<br>| 5.13% | 06/15/2037 |  | 5825 | &nbsp;&nbsp; 6294506 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, <br> Inc.); Series 2017, RB<br>| 5.00% | 07/15/2047 |  | 4375 | &nbsp;&nbsp; 4377138 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC); <br> Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 10/01/2047 |  | 4500 | &nbsp;&nbsp; 4502114 |

---

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

**Invesco New Jersey 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 Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** |  |  |
| New Jersey (State of) Economic Development Authority (Portal North Bridge); Series 2022 A, RB | 5.00% | 11/01/2052 |  | $2000 | &nbsp;&nbsp; $2060264 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - <br> Rowan University Student Housing); Series 2015 A, RB<br>| 5.00% | 01/01/2030 |  | 50 | &nbsp;&nbsp; 50003 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Team Academy Charter School); Series 2018 <br> A, RB<br>| 5.00% | 12/01/2048 |  | 3000 | &nbsp;&nbsp; 3021539 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (Teaneck Community Charter School); <br> Series 2017 A, Ref. RB<sup>(b)</sup> <br>| 5.13% | 09/01/2052 |  | 2055 | &nbsp;&nbsp; 1979041 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement); <br> Series 2013, RB<sup>(e)</sup> <br>| 5.38% | 01/01/2043 |  | 8650 | &nbsp;&nbsp; 8657896 |
| New Jersey (State of) Economic Development Authority (UMM Energy Partners, LLC); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(e)</sup> <br>| 5.00% | 06/15/2037 |  | 1515 | &nbsp;&nbsp; 1515382 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB<sup>(e)</sup> <br>| 5.13% | 06/15/2043 |  | 3250 | &nbsp;&nbsp; 3249860 |
| New Jersey (State of) Educational Facilities Authority; Series 2015 A, Ref. RB | 5.00% | 07/01/2040 |  | 900 | &nbsp;&nbsp; 839676 |
| New Jersey (State of) Educational Facilities Authority (Georgian Court University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. RB | 5.00% | 07/01/2030 |  | 1345 | &nbsp;&nbsp; 1338678 |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. RB | 5.00% | 07/01/2033 |  | 1590 | &nbsp;&nbsp; 1568885 |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. RB | 5.00% | 07/01/2035 |  | 1485 | &nbsp;&nbsp; 1434637 |
| &nbsp;&nbsp;&nbsp; Series 2017 G, Ref. RB | 5.00% | 07/01/2036 |  | 1140 | &nbsp;&nbsp; 1081061 |
| New Jersey (State of) Educational Facilities Authority (Montclair University); Series 2023 A, RB | 4.63% | 09/01/2048 |  | 2000 | &nbsp;&nbsp; 2044174 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Educational Facilities Authority (New Jersey City University); Series 2021, Ref. <br> RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 07/01/2036 |  | 765 | &nbsp;&nbsp; 763446 |
| New Jersey (State of) Educational Facilities Authority (Princeton University); Series 2024, RB | 5.25% | 03/01/2054 |  | 10000 | &nbsp;&nbsp; 10847333 |
| New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 5.00% | 07/01/2045 |  | 3000 | &nbsp;&nbsp; 3055944 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 07/01/2050 |  | 3000 | &nbsp;&nbsp; 2667936 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Educational Facilities Authority (William Paterson University of New Jersey (The)); <br> Series 2017 B, RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2047 |  | 1990 | &nbsp;&nbsp; 2005694 |
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 07/01/2054 |  | 5390 | &nbsp;&nbsp; 5720333 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.25% | 07/01/2049 |  | 2000 | &nbsp;&nbsp; 2150649 |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) Health Care Facilities Financing Authority (University Hospital); Series 2015 A, <br> RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 07/01/2046 |  | 3785 | &nbsp;&nbsp; 3786370 |
| New Jersey (State of) Higher Education Student Assistance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 C, Ref. RB<sup>(e)</sup> <br>| 3.63% | 12/01/2049 |  | 1000 | &nbsp;&nbsp; 773377 |
| &nbsp;&nbsp;&nbsp; Series 2021 C, RB<sup>(e)</sup> <br>| 3.25% | 12/01/2051 |  | 500 | &nbsp;&nbsp; 362417 |
| &nbsp;&nbsp;&nbsp; Series 2023 B, RB<sup>(e)</sup> <br>| 4.00% | 12/01/2044 |  | 1770 | &nbsp;&nbsp; 1705173 |
| &nbsp;&nbsp;&nbsp; Series 2023 C, RB<sup>(e)</sup> <br>| 5.00% | 12/01/2053 |  | 2000 | &nbsp;&nbsp; 1961923 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, RB<sup>(e)</sup> <br>| 5.25% | 12/01/2054 |  | 2050 | &nbsp;&nbsp; 2067450 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(e)</sup> <br>| 5.50% | 12/01/2055 |  | 1000 | &nbsp;&nbsp; 1021840 |
| New Jersey (State of) Housing & Mortgage Finance Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 3.95% | 11/01/2043 |  | 870 | &nbsp;&nbsp; 844342 |
| &nbsp;&nbsp;&nbsp; Series 2018 BB, Ref. RB<sup>(e)</sup> <br>| 3.80% | 10/01/2032 |  | 765 | &nbsp;&nbsp; 765750 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 3.00% | 11/01/2044 |  | 510 | &nbsp;&nbsp; 424532 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, Ref. RB | 3.05% | 11/01/2049 |  | 865 | &nbsp;&nbsp; 677052 |
| &nbsp;&nbsp;&nbsp; Series 2020 E, Ref. RB | 2.45% | 10/01/2050 |  | 515 | &nbsp;&nbsp; 354498 |
| &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) Housing & Mortgage Finance Agency (Social Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 J, RB | 4.70% | 10/01/2048 |  | 3250 | &nbsp;&nbsp; 3252212 |
| &nbsp;&nbsp;&nbsp; Series 2024 K, RB | 6.00% | 10/01/2055 |  | 4780 | &nbsp;&nbsp; 5141251 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 4.95% | 11/01/2055 |  | 1300 | &nbsp;&nbsp; 1313651 |
| &nbsp;&nbsp;&nbsp; Series 2025 M, RB | 5.15% | 10/01/2055 |  | 1535 | &nbsp;&nbsp; 1564204 |
| &nbsp;&nbsp;&nbsp; Series 2025 M, RB | 6.50% | 04/01/2056 |  | 3000 | &nbsp;&nbsp; 3370072 |
| &nbsp;&nbsp;&nbsp; Subseries 2024 D-1, RB (CEP - GNMA) | 5.20% | 11/01/2055 |  | 2000 | &nbsp;&nbsp; 2072286 |

---

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

**Invesco New Jersey 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 Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** | **New Jersey–(continued)** |  |  |
| New Jersey (State of) Transportation Trust Fund Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB (INS - BAM)<sup>(a)(c)</sup> <br>| 0.00% | 12/15/2037 |  | $12000 | &nbsp;&nbsp; $7792073 |
| &nbsp;&nbsp;&nbsp; Series 2008 A, RB<sup>(c)</sup> <br>| 0.00% | 12/15/2038 |  | 2000 | &nbsp;&nbsp; 1221078 |
| &nbsp;&nbsp;&nbsp; Series 2010 A, RB (INS - BAM)<sup>(a)(c)</sup> <br>| 0.00% | 12/15/2028 |  | 1200 | &nbsp;&nbsp; 1098690 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 4.25% | 12/15/2038 |  | 7790 | &nbsp;&nbsp; 7874545 |
| &nbsp;&nbsp;&nbsp; Series 2020 AA, RB | 4.00% | 06/15/2045 |  | 3350 | &nbsp;&nbsp; 3206824 |
| &nbsp;&nbsp;&nbsp; Series 2023 AA, Ref. RB | 4.25% | 06/15/2044 |  | 2000 | &nbsp;&nbsp; 1954566 |
| &nbsp;&nbsp;&nbsp; Series 2023 BB, RB | 5.25% | 06/15/2050 |  | 5000 | &nbsp;&nbsp; 5273422 |
| &nbsp;&nbsp;&nbsp; Series 2024 CC, RB | 5.25% | 06/15/2050 |  | 1500 | &nbsp;&nbsp; 1590357 |
| &nbsp;&nbsp;&nbsp; Series 2024 CC, RB | 4.13% | 06/15/2055 |  | 6395 | &nbsp;&nbsp; 5959374 |
| &nbsp;&nbsp;&nbsp; Series 2024 CC, RB | 5.25% | 06/15/2055 |  | 15000 | &nbsp;&nbsp; 15831894 |
| New Jersey (State of) Turnpike Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 01/01/2042 |  | 5975 | &nbsp;&nbsp; 5975130 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB | 5.25% | 01/01/2052 |  | 3000 | &nbsp;&nbsp; 3185475 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB | 5.25% | 01/01/2049 |  | 3000 | &nbsp;&nbsp; 3219509 |
| &nbsp;&nbsp;&nbsp; Series 2024 C, Ref. RB | 5.00% | 01/01/2045 |  | 3000 | &nbsp;&nbsp; 3194095 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.25% | 01/01/2050 |  | 5000 | &nbsp;&nbsp; 5414949 |
| &nbsp;&nbsp;&nbsp; Series 2025 A, RB | 5.25% | 01/01/2055 |  | 2500 | &nbsp;&nbsp; 2699273 |
| New Jersey Institute of Technology; Series 2025 A, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.25% | 07/01/2055 |  | 2250 | &nbsp;&nbsp; 2433789 |
| New Jersey Transportation Trust Fund Authority; Series 2025, RB<sup>(d)</sup> <br>| 5.00% | 06/15/2055 |  | 7000 | &nbsp;&nbsp; 7280541 |
| New Jersey Turnpike Authority; Series 2025, RB<sup>(d)(g)</sup> <br>| 5.25% | 01/01/2055 |  | 5000 | &nbsp;&nbsp; 5398547 |
| Newark (City of), NJ Housing Authority; Series 2017, Ref. RB | 4.00% | 01/01/2037 |  | 1000 | &nbsp;&nbsp; 1006197 |
| Newark (City of), NJ Parking Authority (The); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(a)</sup> <br>| 5.25% | 02/01/2043 |  | 375 | &nbsp;&nbsp; 391151 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB (INS - AGI)<sup>(a)</sup> <br>| 5.50% | 02/01/2051 |  | 500 | &nbsp;&nbsp; 517523 |
| Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 4.75% | 01/01/2045 |  | 1055 | &nbsp;&nbsp; 984389 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 01/01/2055 |  | 1000 | &nbsp;&nbsp; 942995 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 01/01/2060 |  | 700 | &nbsp;&nbsp; 643409 |
| Passaic (County of), NJ Improvement Authority (The) (Paterson Arts & Science Charter School); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.38% | 07/01/2053 |  | 2000 | &nbsp;&nbsp; 2041046 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB | 5.50% | 07/01/2058 |  | 2000 | &nbsp;&nbsp; 2048180 |
| &nbsp;&nbsp;&nbsp; Passaic (County of), NJ Improvement Authority (The) (Paterson Charter School for Science and <br> Technology Inc.);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 4.50% | 07/01/2040 |  | 1000 | &nbsp;&nbsp; 1009129 |
| &nbsp;&nbsp;&nbsp; Series 2025, RB | 5.00% | 07/01/2044 |  | 750 | &nbsp;&nbsp; 757668 |
| Passaic (County of), NJ Valley Water Commission; Series 2023, RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 12/01/2053 |  | 3000 | &nbsp;&nbsp; 2902303 |
| South Jersey Port Corp.; Series 2017 B, RB<sup>(e)</sup> <br>| 5.00% | 01/01/2048 |  | 6000 | &nbsp;&nbsp; 6013476 |
| South Jersey Transportation Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB | 4.00% | 11/01/2050 |  | 2000 | &nbsp;&nbsp; 1811273 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 11/01/2050 |  | 1000 | &nbsp;&nbsp; 933648 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 4.63% | 11/01/2047 |  | 1000 | &nbsp;&nbsp; 1004530 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB | 5.25% | 11/01/2052 |  | 8575 | &nbsp;&nbsp; 8897672 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB | 4.50% | 11/01/2042 |  | 2000 | &nbsp;&nbsp; 2040592 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB (INS - BAM)<sup>(a)</sup> <br>| 5.25% | 11/01/2052 |  | 2100 | &nbsp;&nbsp; 2201829 |
| Tobacco Settlement Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2035 |  | 730 | &nbsp;&nbsp; 753342 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.00% | 06/01/2046 |  | 13235 | &nbsp;&nbsp; 13173698 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, Ref. RB | 5.25% | 06/01/2046 |  | 3125 | &nbsp;&nbsp; 3135147 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB | 5.00% | 06/01/2046 |  | 6435 | &nbsp;&nbsp; 6257141 |
| Union (County of), NJ Improvement Authority; Series 1998 A, RB (INS - NATL)<sup>(a)(e)</sup> <br>| 5.00% | 03/01/2028 |  | 50 | &nbsp;&nbsp; 50090 |
|  |  |  |  |  | &nbsp;&nbsp; 328093709 |

---

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

**Invesco New Jersey 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–8.03%** | **New York–8.03%** | **New York–8.03%** | **New York–8.03%** |  |  |
| New York & New Jersey (States of) Port Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(e)</sup> <br>| 5.00% | 11/01/2049 |  | $7130 | &nbsp;&nbsp; $7278574 |
| &nbsp;&nbsp;&nbsp; Series 2020 221, RB<sup>(e)</sup> <br>| 4.00% | 07/15/2045 |  | 4000 | &nbsp;&nbsp; 3704416 |
| &nbsp;&nbsp;&nbsp; Series 2022, RB<sup>(e)</sup> <br>| 5.00% | 01/15/2052 |  | 5000 | &nbsp;&nbsp; 5083811 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB | 5.25% | 10/15/2055 |  | 5500 | &nbsp;&nbsp; 5958246 |
| &nbsp;&nbsp;&nbsp; Two Hundred Forty Second Series 2023, Ref. RB<sup>(e)</sup> <br>| 5.00% | 12/01/2053 |  | 3000 | &nbsp;&nbsp; 3053661 |
| &nbsp;&nbsp;&nbsp; Two Hundred Sixth Series 2017, Ref. RB<sup>(e)</sup> <br>| 5.00% | 11/15/2037 |  | 850 | &nbsp;&nbsp; 871935 |
| &nbsp;&nbsp;&nbsp; Two Hundred Thirty Fourth Series 2022, Ref. RB<sup>(e)</sup> <br>| 5.50% | 08/01/2052 |  | 2000 | &nbsp;&nbsp; 2119158 |
| &nbsp;&nbsp;&nbsp; Two Hundred Twenty Third Series 2021, Ref. RB<sup>(e)</sup> <br>| 4.00% | 07/15/2046 |  | 1615 | &nbsp;&nbsp; 1485258 |
| &nbsp;&nbsp;&nbsp; Two Hundred Twenty Three Series 2021, Ref. RB<sup>(e)</sup> <br>| 4.00% | 07/15/2041 |  | 1635 | &nbsp;&nbsp; 1607875 |
|  |  |  |  |  | &nbsp;&nbsp; 31162934 |
| **Puerto Rico–6.75%** | **Puerto Rico–6.75%** | **Puerto Rico–6.75%** | **Puerto Rico–6.75%** |  |  |
| Children's Trust Fund; Series 2002, RB | 5.63% | 05/15/2043 |  | 15000 | &nbsp;&nbsp; 15247345 |
| Puerto Rico (Commonwealth of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(c)</sup> <br>| 0.00% | 07/01/2033 |  | 273 | &nbsp;&nbsp; 196805 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 |  | 234 | &nbsp;&nbsp; 239483 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 |  | 230 | &nbsp;&nbsp; 244520 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 |  | 212 | &nbsp;&nbsp; 211985 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 |  | 191 | &nbsp;&nbsp; 189398 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 |  | 164 | &nbsp;&nbsp; 157326 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 |  | 222 | &nbsp;&nbsp; 205734 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2046 |  | 231 | &nbsp;&nbsp; 205881 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(c)</sup> <br>| 0.00% | 11/01/2043 |  | 140 | &nbsp;&nbsp; 89486 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 |  | 155 | &nbsp;&nbsp; 149977 |
| &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 05/26/2000; Cost $16,014)<sup>(f)</sup> <br>| 6.63% | 01/01/2027 |  | 14 | &nbsp;&nbsp; 14422 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 05/26/2000-03/25/2024; Cost $127,286)<sup>(f)</sup> <br>| 6.63% | 01/01/2028 |  | 111 | &nbsp;&nbsp; 109803 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(c)</sup> <br>| 0.00% | 07/01/2051 |  | 6271 | &nbsp;&nbsp; 1562838 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 |  | 7500 | &nbsp;&nbsp; 7312244 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 |  | 60 | &nbsp;&nbsp; 54728 |
|  |  |  |  |  | &nbsp;&nbsp; 26191975 |
| **Guam–1.20%** | **Guam–1.20%** | **Guam–1.20%** | **Guam–1.20%** |  |  |
| Guam (Territory of); Series 2021 F, Ref. RB | 4.00% | 01/01/2036 |  | 2000 | &nbsp;&nbsp; 2026756 |
| Guam (Territory of) Waterworks Authority; Series 2025 A, RB | 5.50% | 07/01/2055 |  | 2500 | &nbsp;&nbsp; 2624223 |
| Guam Housing Corp.; Series 1998 A, RB (CEP - FHLMC)<sup>(e)</sup> <br>| 5.75% | 09/01/2031 |  | 10 | &nbsp;&nbsp; 10080 |
|  |  |  |  |  | &nbsp;&nbsp; 4661059 |
| **Virgin Islands–0.83%** | **Virgin Islands–0.83%** | **Virgin Islands–0.83%** | **Virgin Islands–0.83%** |  |  |
| Tobacco Settlement Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(c)</sup> <br>| 0.00% | 05/15/2035 |  | 1100 | &nbsp;&nbsp; 570266 |
| &nbsp;&nbsp;&nbsp; Series 2006, RB<sup>(c)</sup> <br>| 0.00% | 05/15/2035 |  | 3100 | &nbsp;&nbsp; 1520153 |
| &nbsp;&nbsp;&nbsp; Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development); <br> Series 2024 A, RB<sup>(b)</sup> <br>| 6.00% | 04/01/2053 |  | 1000 | &nbsp;&nbsp; 1028768 |
| Virgin Islands (Government of) Water & Power Authority (Electric System); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 07/01/2026 |  | 15 | &nbsp;&nbsp; 14770 |
| &nbsp;&nbsp;&nbsp; Series 2007 A, RB | 5.00% | 07/01/2027 |  | 85 | &nbsp;&nbsp; 81589 |
|  |  |  |  |  | &nbsp;&nbsp; 3215546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $387,089,172) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $387,089,172) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $387,089,172) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $387,089,172) |  | &nbsp;&nbsp; 393325223 |

---

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

**Invesco New Jersey Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Preferred Stocks–0.00%** |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $0)<sup>(h)</sup> <br>|  | 2432 | &nbsp;&nbsp; $0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–101.36% (Cost $387,089,172) | TOTAL INVESTMENTS IN SECURITIES<sup>(i)</sup>–101.36% (Cost $387,089,172) |  | &nbsp;&nbsp; 393325223 |
| FLOATING RATE NOTE OBLIGATIONS–(3.87)% | FLOATING RATE NOTE OBLIGATIONS–(3.87)% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notes with interest and fee rates ranging from 3.35% to 3.38% at 11/30/2025 and <br>contractual maturities of collateral ranging from 08/15/2053 to 06/15/2055<sup>(j)</sup> <br>|  |  | &nbsp;&nbsp; (15015000)<br>|
| OTHER ASSETS LESS LIABILITIES–2.51% | OTHER ASSETS LESS LIABILITIES–2.51% |  | &nbsp;&nbsp; 9720551 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $388030774 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty, Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| GNMA | – Government National Mortgage Association |
| GO | – General Obligation |
| INS | – Insurer |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Security 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 $19,626,720, which represented 5.06% of the Fund's Net Assets. 

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

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

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

<sup>(f)</sup> Restricted security. The aggregate value of these securities at November 30, 2025 was $1,686,507, which represented less than 1% of the Fund's Net Assets.

<sup>(g)</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 $3,752,500. However, such shortfall payment would be reduced by the proceeds from the sale of the security underlying the TOB Trusts. 

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

<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. | 5.33<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 $21,060,704 are held by TOB Trusts and serve as collateral for the $15,015,000 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 New Jersey Municipal Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*November 30, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

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

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

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

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

The following is a summary of the tiered valuation input levels, as of November 30, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $393325223 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $393325223 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $393325223 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $393325223 |

---

**Invesco New Jersey 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 New Jersey Municipal Fund

- **b. EDGAR series identifier (if any):** S000064639

- **c. LEI of Series:** 5493000QZ0NCQ5JYIR44

**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:** $403428438.65

**Total Liabilities:** $16398946.60

**Net Assets:** $387029492.05

**Cash Not Reported:** $4043874.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -507.20803174 | **1-Year:** -11175.74181299 | **5-Year:** -44918.30732255 | **10-Year:** -129327.68735461 | **30-Year:** -59226.81627207

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

- **3-Month:** -187.17593585 | **1-Year:** -2803.20919275 | **5-Year:** -6257.16886138 | **10-Year:** -12521.88663485 | **30-Year:** -8457.39037678

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209282 | 2.93%                | 1.15%                | 0.25%                |
| Class ID C000209283 | 3.12%                | 1.23%                | 0.32%                |
| Class ID C000209284 | 2.98%                | 1.21%                | 0.30%                |
| Class ID C000209285 | 3.01%                | 1.23%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6472.41                | $10279954.49                               |
| Month 2  | $-316297.11              | $3688006.89                                |
| Month 3  | $42069.74                | $-135635.17                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| New Jersey (State of) Health Care Facilities Financing Authority (University Hospital)                                                           | New Jersey (State of) Health Care Facilities Financing Authority (University Hospital), Series 2015 A, RB                                           | CUSIP: 64579F7P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3786369.79   | 0.98%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark (City of), NJ Housing Authority                                                                                                           | Newark (City of), NJ Housing Authority, Series 2017, Ref. RB                                                                                        | CUSIP: 65037RCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006196.50   | 0.26%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB                                                                        | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2850681.40   | 0.74%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                                                                                                          | South Jersey Port Corp., Series 2017, RB                                                                                                            | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6013476.00   | 1.55%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC)                                                        | New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC), Series 2017, Ref. RB                                     | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4502113.65   | 1.16%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                            | Children's Trust Fund, Series 2002, RB                                                                                                              | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15247359.00  | 3.94%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 2018 A, RB                                                                             | CUSIP: 64578EKB2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035602.50   | 0.78%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                          | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13235000 | PA      | $13173698.13  | 3.40%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB                                                                                          | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3135146.56   | 0.81%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB                                                                                          | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6435000 | PA      | $6257141.10   | 1.62%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2008 A, RB                                                                        | CUSIP: 6461362T7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $7792072.80   | 2.01%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2018 A, Ref. RB                                                                   | CUSIP: 6461364K4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7790000 | PA      | $7874544.87   | 2.03%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Guam Housing Corp.                                                                                                                               | Guam Housing Corp., Series 1998 A, RB                                                                                                               | CUSIP: 40064MBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10079.51     | 0.00%             | 2031-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Union (County of), NJ Improvement Authority                                                                                                      | Union (County of), NJ Improvement Authority, Series 1998 A, RB                                                                                      | CUSIP: 906347FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50089.65     | 0.01%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 1998 B, RB                                                                             | CUSIP: 64577HMK4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     90000 | PA      | $92837.56     | 0.02%             | 2031-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2006, RB                                                                                                 | CUSIP: 88880RAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $570265.63    | 0.15%             | 2035-05-15      | 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 2013, RB                                | CUSIP: 6459182H5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3203018.88   | 0.83%             | 2043-10-01      | Fixed         | 6.00%                 | 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: 645912DR4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    470000 | PA      | $470464.22    | 0.12%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Sixth Series 2017, Ref. RB                                                            | CUSIP: 73358WQ72<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    850000 | PA      | $871935.02    | 0.23%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.)                                         | New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.), Series 2017, RB                           | CUSIP: 64577BN26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4377138.50   | 1.13%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2010 A, RB                                                                        | CUSIP: 6461362V2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1098689.88   | 0.28%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Foundation Academy Charter School)                                                         | New Jersey (State of) Economic Development Authority (Foundation Academy Charter School), Series 2018 A, RB                                         | CUSIP: 645912EH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925959.10    | 0.24%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                                          | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2018 A, Ref. RB                                                                     | CUSIP: 646108YC8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    870000 | PA      | $844341.87    | 0.22%             | 2043-11-01      | Fixed         | 3.95%                 | 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        |   2500000 | PA      | $2561749.00   | 0.66%             | 2052-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                                                                                  | Garden State Preservation Trust, Series 2003 B, RB                                                                                                  | CUSIP: 365418BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $136004.51    | 0.04%             | 2026-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Water & Power Authority (Electric System)                                                                         | Virgin Islands (Government of) Water & Power Authority (Electric System), Series 2007 A, RB                                                         | CUSIP: 927688FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $81589.14     | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB                                                                        | CUSIP: 64578JBJ4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077545.80   | 0.80%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School)                                                           | New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School), Series 2018 A, RB                                           | CUSIP: 645912ES1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2420839.50   | 0.63%             | 2038-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Water & Power Authority (Electric System)                                                                         | Virgin Islands (Government of) Water & Power Authority (Electric System), Series 2007 A, RB                                                         | CUSIP: 927688FJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14769.80     | 0.00%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing)                 | New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing), Series 2015 A, RB | CUSIP: 64577BHU1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50003.08     | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Georgian Court University)                                                               | New Jersey (State of) Educational Facilities Authority (Georgian Court University), Series 2017 G, Ref. RB                                          | CUSIP: 6460663W8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1568885.12   | 0.41%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Georgian Court University)                                                               | New Jersey (State of) Educational Facilities Authority (Georgian Court University), Series 2017 G, Ref. RB                                          | CUSIP: 6460663Y4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1434637.12   | 0.37%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                                          | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2018 BB, Ref. RB                                                                    | CUSIP: 64613ABC5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    765000 | PA      | $765749.85    | 0.20%             | 2032-10-01      | Fixed         | 3.80%                 | 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: 645912EW2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1083789.00   | 0.28%             | 2038-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Team Academy Charter School)                                                               | New Jersey (State of) Economic Development Authority (Team Academy Charter School), Series 2018 A, RB                                               | CUSIP: 645912FL5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3021539.10   | 0.78%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middlesex (County of), NJ Improvement Authority (Senior Citizens Housing)                                                                        | Middlesex (County of), NJ Improvement Authority (Senior Citizens Housing), Series 2000, RB                                                          | CUSIP: 596566KF5<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20042.77     | 0.01%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2006, RB                                                                                                 | CUSIP: 88880RAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $1520153.51   | 0.39%             | 2035-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Lions Gate)                                                                                | New Jersey (State of) Economic Development Authority (Lions Gate), Series 2014, RB                                                                  | CUSIP: 64577BAR5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3815000 | PA      | $3608330.77   | 0.93%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (William Paterson University of New Jersey (The))                                         | New Jersey (State of) Educational Facilities Authority (William Paterson University of New Jersey (The)), Series 2017 B, RB                         | CUSIP: 646066Y38<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2005693.74   | 0.52%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Teaneck Community Charter School)                                                          | New Jersey (State of) Economic Development Authority (Teaneck Community Charter School), Series 2017 A, Ref. RB                                     | CUSIP: 645912ED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1979040.83   | 0.51%             | 2052-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Georgian Court University)                                                               | New Jersey (State of) Educational Facilities Authority (Georgian Court University), Series 2017 G, Ref. RB                                          | CUSIP: 6460663Z1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1081060.63   | 0.28%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                                               | Tobacco Settlement Financing Corp., Series 2018, RB                                                                                                 | CUSIP: 888808HL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $753341.75    | 0.19%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Foundation Academy Charter School)                                                         | New Jersey (State of) Economic Development Authority (Foundation Academy Charter School), Series 2018 A, RB                                         | CUSIP: 645912EG7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351562.05    | 0.09%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School)                                                           | New Jersey (State of) Economic Development Authority (Marion P. Thomas Charter School), Series 2018 A, RB                                           | CUSIP: 645912ER3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994434.70    | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.)                                                 | New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.), Series 2019, Ref. RB                              | CUSIP: 64577B5Z3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5825000 | PA      | $6294506.07   | 1.63%             | 2037-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                          | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7312243.50   | 1.89%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                          | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   6271000 | PA      | $1562837.93   | 0.40%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2019 C, Ref. RB                                                         | CUSIP: 646080UP4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $773377.30    | 0.20%             | 2049-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                            | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                          | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |     60000 | PA      | $54727.61     | 0.01%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Georgian Court University)                                                               | New Jersey (State of) Educational Facilities Authority (Georgian Court University), Series 2017 G, Ref. RB                                          | CUSIP: 6460663T5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1338677.69   | 0.35%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC)                                                         | New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC), Series 2019 A, RB                                         | CUSIP: 64577B7A6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1562281.80   | 0.40%             | 2039-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2019, RB                                                                                   | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7130000 | PA      | $7278574.23   | 1.88%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                                          | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2019 A, Ref. RB                                                                     | CUSIP: 646108D49<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    865000 | PA      | $677052.28    | 0.17%             | 2049-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                                          | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2019 A, Ref. RB                                                                     | CUSIP: 646108D31<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    510000 | PA      | $424532.36    | 0.11%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds)                                           | New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds), Series 2020 A, RB                           | CUSIP: 6460666K1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2667936.30   | 0.69%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds)                                           | New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds), Series 2020 A, RB                           | CUSIP: 6460666J4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055944.30   | 0.79%             | 2045-07-01      | 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        |   1660000 | PA      | $1662166.96   | 0.43%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2020 221, RB                                                                               | CUSIP: 73358W5S9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3704415.60   | 0.96%             | 2045-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency                                                                                          | New Jersey (State of) Housing & Mortgage Finance Agency, Series 2020 E, Ref. RB                                                                     | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    515000 | PA      | $354497.88    | 0.09%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2020 A, RB                                                                                            | CUSIP: 838536LN8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1811272.80   | 0.47%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB                                                                       | CUSIP: 6461367J4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3206824.35   | 0.83%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood)                                                                                | Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood), Series 2020 A, RB                                                                | CUSIP: 29681CAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1230915.15   | 0.32%             | 2060-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2021 A, RB                                                                                         | CUSIP: 646140DJ9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5975000 | PA      | $5975129.66   | 1.54%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Twenty Three Series 2021, Ref. RB                                                     | CUSIP: 73358XAW2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1607874.53   | 0.42%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Twenty Third Series 2021, Ref. RB                                                     | CUSIP: 73358XAX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1485257.84   | 0.38%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (New Jersey City University)                                                              | New Jersey (State of) Educational Facilities Authority (New Jersey City University), Series 2021, Ref. RB                                           | CUSIP: 646067DG0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    765000 | PA      | $763446.29    | 0.20%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing)                                                                | Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing), Series 2021 A, RB                                                | CUSIP: 296806PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $973422.01    | 0.25%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2021 C, RB                                                              | CUSIP: 646080VX6<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $362417.00    | 0.09%             | 2051-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of)                                                                                                                              | Guam (Territory of), Series 2021 F, Ref. RB                                                                                                         | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026756.20   | 0.52%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    234098 | PA      | $239483.07    | 0.06%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    230300 | PA      | $244519.76    | 0.06%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    212115 | PA      | $211985.36    | 0.05%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    190663 | PA      | $189397.99    | 0.05%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    163639 | PA      | $157326.25    | 0.04%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    222487 | PA      | $205734.31    | 0.05%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                            | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    231383 | PA      | $205881.35    | 0.05%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                    | Puerto Rico (Commonwealth of), Series 2021 A, GO Bonds                                                                                              | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    272972 | PA      | $196805.09    | 0.05%             | 2033-07-01      | None          | 0.00%                 | 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        |    139548 | PA      | $89485.38     | 0.02%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority                                                                                           | New Jersey (State of) Educational Facilities Authority, Series 2015, RB                                                                             | CUSIP: 646066EZ9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    900000 | PA      | $839675.70    | 0.22%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2022 A, RB                                                                                            | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004530.40   | 0.26%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2022 A, RB                                                                                            | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   8575000 | PA      | $8897672.11   | 2.30%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Thirty Fourth Series 2022, Ref. RB                                                    | CUSIP: 73358XGN6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119158.00   | 0.55%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2022, RB                                                                                              | CUSIP: 838536MN7<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040591.80   | 0.53%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2022, RB                                                                                              | CUSIP: 838536MQ0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2201828.79   | 0.57%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2022 B, RB                                                                                         | CUSIP: 646140EU3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3185475.30   | 0.82%             | 2052-01-01      | 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        |   2000000 | PA      | $2060263.60   | 0.53%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds)                                                 | Camden (County of), NJ Improvement Authority (The) (KIPP Cooper Norcross Academy) (Social Bonds), Series 2022, RB                                   | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1511932.69   | 0.39%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2022, RB                                                                                   | CUSIP: 73358XHF2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5083811.00   | 1.31%             | 2052-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority                                                                                             | New Jersey (State of) Economic Development Authority, Series 2019, RB                                                                               | CUSIP: 645780FJ1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018385.00   | 0.26%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School)                                             | New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School), Series 2017, RB                               | CUSIP: 645912DX1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1212498.68   | 0.31%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Paterson Arts & Science Charter School)                                                     | Passaic (County of), NJ Improvement Authority (The) (Paterson Arts & Science Charter School), Series 2023, RB                                       | CUSIP: 70275QAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041046.00   | 0.53%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Paterson Arts & Science Charter School)                                                     | Passaic (County of), NJ Improvement Authority (The) (Paterson Arts & Science Charter School), Series 2023, RB                                       | CUSIP: 70275QAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048180.00   | 0.53%             | 2058-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2023 B, RB                                                              | CUSIP: 646080XK2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1705172.87   | 0.44%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2023 C, RB                                                              | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961922.60   | 0.51%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                           | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2023 J, RB                                                           | CUSIP: 64613AHH8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3252211.63   | 0.84%             | 2048-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2023 AA, Ref. RB                                                                  | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1954566.00   | 0.51%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1)                                                | Middlesex (County of), NJ Improvement Authority (New Jersey Health + Life Science Exchange - H-1), Series 2023, RB                                  | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |  22620000 | PA      | $23699019.24  | 6.12%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark (City of), NJ Parking Authority (The)                                                                                                     | Newark (City of), NJ Parking Authority (The), Series 2023, RB                                                                                       | CUSIP: 650392AK9<br>LEI: 549300GCUIIQ6TYN0S75 | Long             | DBT              | MUN               | US        |    375000 | PA      | $391151.48    | 0.10%             | 2043-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Newark (City of), NJ Parking Authority (The)                                                                                                     | Newark (City of), NJ Parking Authority (The), Series 2023, RB                                                                                       | CUSIP: 650392AL7<br>LEI: 549300GCUIIQ6TYN0S75 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517523.20    | 0.13%             | 2051-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Two Hundred Forty Second Series 2023, Ref. RB                                                     | CUSIP: 73358XKP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3053661.30   | 0.79%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Montclair University)                                                                    | New Jersey (State of) Educational Facilities Authority (Montclair University), Series 2023 A, RB                                                    | CUSIP: 646067FV5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044174.20   | 0.53%             | 2048-09-01      | Fixed         | 4.62%                 | 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   | 1.36%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                                                                                            | South Jersey Transportation Authority, Series 2020 A, RB                                                                                            | CUSIP: 838536LX6<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933648.40    | 0.24%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Valley Water Commission                                                                                                  | Passaic (County of), NJ Valley Water Commission, Series 2023, RB                                                                                    | CUSIP: 702845LW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2902303.50   | 0.75%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                                                                                  | Garden State Preservation Trust, Series 2005 A, RB                                                                                                  | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2695000 | PA      | $2842856.05   | 0.73%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority                                                                                        | Puerto Rico (Commonwealth of) GDB Debt Recovery Authority, Series 2023, RB                                                                          | CUSIP: 36829QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    154721 | PA      | $149976.73    | 0.04%             | 2040-08-20      | Fixed         | 7.50%                 | 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   | 0.64%             | 2065-12-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Educational Facilities Authority (Princeton University)                                                                    | New Jersey (State of) Educational Facilities Authority (Princeton University), Series 2024, RB                                                      | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10847333.00  | 2.80%             | 2054-03-01      | Fixed         | 5.25%                 | 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        |     14499 | PA      | $14422.20     | 0.00%             | 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        |    110584 | PA      | $109803.20    | 0.03%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                             | AES PUERTO RICO Inc., Pfd.                                                                                                                          | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |      2432 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2024 B, RB                                                                                         | CUSIP: 646140FX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3219509.40   | 0.83%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                           | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2024 K, RB                                                           | CUSIP: 64613AJP8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4780000 | PA      | $5141251.37   | 1.33%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.)                                                                       | New Jersey (State of) Economic Development Authority (NACT Somerset, Inc.), Series 2024, RB                                                         | CUSIP: 64577HTE1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3819909.90   | 0.99%             | 2054-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2024 C, Ref. RB                                                                                    | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3194095.20   | 0.83%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2024, RB                                                                | CUSIP: 646080YC9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2067450.42   | 0.53%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group)                                                | New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2024 A, Ref. RB                           | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5390000 | PA      | $5720333.16   | 1.48%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.                                                                                                  | Casino Reinvestment Development Authority, Inc., Series 2024 A, Ref. RB                                                                             | CUSIP: 14760RBR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3103586.09   | 0.80%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.                                                                                                  | Casino Reinvestment Development Authority, Inc., Series 2024 A, Ref. RB                                                                             | CUSIP: 14760RBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2858393.70   | 0.74%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.                                                                                                  | Casino Reinvestment Development Authority, Inc., Series 2024 A, Ref. RB                                                                             | CUSIP: 14760RBP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1638950.55   | 0.42%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group)                                                | New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group), Series 2024, Ref. RB                             | CUSIP: 645790UP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2150649.20   | 0.56%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development)                                                     | Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development), Series 2024 A, RB                                     | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028768.30   | 0.27%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.)                                                          | Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.), Series 2024, Ref. RB                                       | CUSIP: 29681CBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499995.45    | 0.13%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.)                                                          | Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.), Series 2024, Ref. RB                                       | CUSIP: 29681CBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $762033.32    | 0.20%             | 2064-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB                                                                       | CUSIP: 64613CGL6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6395000 | PA      | $5959373.88   | 1.54%             | 2055-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB                                                                       | CUSIP: 64613CGK8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15831894.00  | 4.09%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 CC, RB                                                                       | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1590356.70   | 0.41%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson)                                                       | Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson), Series 2024, RB                                         | CUSIP: 70275QAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942994.90    | 0.24%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson)                                                       | Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson), Series 2024, RB                                         | CUSIP: 70275QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $643409.41    | 0.17%             | 2060-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson)                                                       | Passaic (County of), NJ Improvement Authority (The) (Community Charter School of Paterson), Series 2024, RB                                         | CUSIP: 70275QAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $984389.06    | 0.25%             | 2045-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Paterson Charter School for Science and Technology Inc.)                                    | Passaic (County of), NJ Improvement Authority (The) (Paterson Charter School for Science and Technology Inc.), Series 2025, RB                      | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009129.40   | 0.26%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Passaic (County of), NJ Improvement Authority (The) (Paterson Charter School for Science and Technology Inc.)                                    | Passaic (County of), NJ Improvement Authority (The) (Paterson Charter School for Science and Technology Inc.), Series 2025, RB                      | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757667.63    | 0.20%             | 2044-07-01      | 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 2012, RB                                                  | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5790000 | PA      | $5799689.57   | 1.50%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (UMM Energy Partners, LLC)                                                                  | New Jersey (State of) Economic Development Authority (UMM Energy Partners, LLC), Series 2012 A, RB                                                  | CUSIP: 64577QAF8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1515381.78   | 0.39%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (UMM Energy Partners, LLC)                                                                  | New Jersey (State of) Economic Development Authority (UMM Energy Partners, LLC), Series 2012 A, RB                                                  | CUSIP: 64577QAG6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3249859.60   | 0.84%             | 2043-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology                                                                                                               | New Jersey Institute of Technology, Series 2025 A, Ref. RB                                                                                          | CUSIP: 64579REF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2433789.45   | 0.63%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2025 A, RB                                                                                         | CUSIP: 646140JD6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5414949.50   | 1.40%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Turnpike Authority                                                                                                         | New Jersey (State of) Turnpike Authority, Series 2025, RB                                                                                           | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10797093.00  | 2.79%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Higher Education Student Assistance Authority                                                                              | New Jersey (State of) Higher Education Student Assistance Authority, Series 2025, RB                                                                | CUSIP: 646080YY1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021840.00   | 0.26%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                           | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2025, RB                                                             | CUSIP: 64613ALT7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1564204.45   | 0.40%             | 2055-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                           | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2025, RB                                                             | CUSIP: 64613ALU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3370071.90   | 0.87%             | 2056-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of) Waterworks Authority                                                                                                         | Guam (Territory of) Waterworks Authority, Series 2025, RB                                                                                           | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2624223.25   | 0.68%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds)                                                                           | New Jersey (State of) Housing & Mortgage Finance Agency (Social Bonds), Series 2024, RB                                                             | CUSIP: 6461087J3<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2072286.20   | 0.54%             | 2055-11-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| New York & New Jersey (States of) Port Authority                                                                                                 | New York & New Jersey (States of) Port Authority, Series 2025, RB                                                                                   | CUSIP: 73358XQY1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5958246.25   | 1.54%             | 2055-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                                                                                     | New Jersey Housing & Mortgage Finance Agency, Series 2025, RB                                                                                       | CUSIP: 64610ABD6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1313650.65   | 0.34%             | 2055-11-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                                                   | New Jersey Transportation Trust Fund Authority, Series 2025, RB                                                                                     | CUSIP: 64613CHS0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7280541.10   | 1.88%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                                                        | New Jersey Economic Development Authority, Series 2025, RB                                                                                          | CUSIP: 645912GA8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    675000 | PA      | $683511.35    | 0.18%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                                                        | New Jersey Economic Development Authority, Series 2025, RB                                                                                          | CUSIP: 645912GC4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751064.93    | 0.19%             | 2060-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)                                                           | New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement), Series 2013, RB                                             | CUSIP: 6459182D4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8650000 | PA      | $8657895.72   | 2.24%             | 2043-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                                                                                        | New Jersey (State of) Transportation Trust Fund Authority, Series 2008 A, RB                                                                        | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1221078.20   | 0.32%             | 2038-12-15      | None          | 0.00%                 | 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