# EDGAR Filing Document

**Accession Number:** 0000909466
**File Stem:** 0001752724-25-183704
**Filing Date:** 2025-7
**Character Count:** 329909
**Document Hash:** b5a8cb262789e477ee4e91e2f8f40e33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183704.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183704

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**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:** 251166454

**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 Limited Term California Municipal Fund (Series ID: S000064642)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000209294 | Class A      | OLCAX           |
| C000209295 | Class C      | OLCCX           |
| C000209297 | Class Y      | OLCYX           |
| C000209299 | Class R6     | IORLX           |

## Nport-Ex

**Schedule of Investments** 

*May 31, 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–98.43%** | **Municipal Obligations–98.43%** | **Municipal Obligations–98.43%** | **Municipal Obligations–98.43%** | **Municipal Obligations–98.43%** | **Municipal Obligations–98.43%** |
| **California–95.64%** | **California–95.64%** | **California–95.64%** | **California–95.64%** |  |  |
| Adelanto (City of), CA Public Financing Authority; Series 1996 B, RB | 6.30% | 09/01/2028 |  | $780 | &nbsp;&nbsp; $785978 |
| &nbsp;&nbsp;&nbsp; Alameda (County of), CA Redevelopment Successor Agency (Eden Area Redevelopment); <br> Series 2006 A, RB (INS - NATL)<sup>(a)</sup> <br>| 4.38% | 08/01/2030 |  | 10 | &nbsp;&nbsp; 10003 |
| Bay Area Toll Authority; Series 2024 H, VRD RB<sup>(b)</sup> <br>| 0.85% | 04/01/2059 |  | 12500 | &nbsp;&nbsp; 12500000 |
| Beaumont (City of), CA Financing Authority (Improvement Area No. 19A); Series 2015 B, Ref. RB | 5.00% | 09/01/2025 |  | 260 | &nbsp;&nbsp; 260932 |
| &nbsp;&nbsp;&nbsp; Blythe (City of), CA Financing Authority (City Hall & County Courthouse); Series 1997, RB (INS - <br> NATL)<sup>(a)</sup> <br>| 5.50% | 09/01/2027 |  | 40 | &nbsp;&nbsp; 40026 |
| Burbank-Glendale-Pasadena Airport Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2040 |  | 2250 | &nbsp;&nbsp; 2368362 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2042 |  | 3000 | &nbsp;&nbsp; 3111154 |
| &nbsp;&nbsp;&nbsp; Series 2024 B, RB<sup>(c)</sup> <br>| 5.25% | 07/01/2044 |  | 4250 | &nbsp;&nbsp; 4376573 |
| California (State of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1996, GO Bonds (INS - FGIC)<sup>(a)</sup> <br>| 5.38% | 06/01/2026 |  | 20 | &nbsp;&nbsp; 20245 |
| &nbsp;&nbsp;&nbsp; Series 1996, GO Bonds (INS - NATL)<sup>(a)</sup> <br>| 5.38% | 06/01/2026 |  | 10 | &nbsp;&nbsp; 10122 |
| &nbsp;&nbsp;&nbsp; Series 1997, GO Bonds (INS - NATL)<sup>(a)</sup> <br>| 5.63% | 10/01/2026 |  | 5 | &nbsp;&nbsp; 5045 |
| &nbsp;&nbsp;&nbsp; Series 1997, GO Bonds | 5.13% | 10/01/2027 |  | 15 | &nbsp;&nbsp; 15025 |
| &nbsp;&nbsp;&nbsp; Series 2000, GO Bonds | 5.63% | 05/01/2026 |  | 10 | &nbsp;&nbsp; 10021 |
| &nbsp;&nbsp;&nbsp; Series 2001, GO Bonds | 5.20% | 11/01/2031 |  | 5 | &nbsp;&nbsp; 5008 |
| &nbsp;&nbsp;&nbsp; Series 2002, GO Bonds (INS - SGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2028 |  | 5 | &nbsp;&nbsp; 5007 |
| &nbsp;&nbsp;&nbsp; Series 2023, Ref. GO Bonds | 5.00% | 10/01/2042 |  | 5000 | &nbsp;&nbsp; 5159087 |
| California (State of) Community Choice Financing Authority (Clean Energy); Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 04/01/2032 |  | 5000 | &nbsp;&nbsp; 5249604 |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(d)</sup> <br>| 5.25% | 04/01/2030 |  | 6930 | &nbsp;&nbsp; 7272530 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 08/01/2032 |  | 2500 | &nbsp;&nbsp; 2572064 |
| California (State of) Community Choice Financing Authority (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023 C, RB<sup>(d)</sup> <br>| 5.25% | 10/01/2031 |  | 5000 | &nbsp;&nbsp; 5178600 |
| &nbsp;&nbsp;&nbsp; Series 2023 D, RB<sup>(d)</sup> <br>| 5.50% | 11/01/2028 |  | 7000 | &nbsp;&nbsp; 7346480 |
| &nbsp;&nbsp;&nbsp; California (State of) Community College Financing Authority (Grossmont-Cuyamaca Community <br> College District, Palomar Community College District & Shasta-Tehama-Trinity Joint Community <br> College District); Series 2001 A, RB (INS - NATL)<sup>(a)</sup> <br>| 5.63% | 04/01/2026 |  | 150 | &nbsp;&nbsp; 151074 |
| &nbsp;&nbsp;&nbsp; California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - <br> Orange Coast College); Series 2018, RB<br>| 5.00% | 05/01/2033 |  | 600 | &nbsp;&nbsp; 623376 |
| California (State of) County Tobacco Securitization Agency; Series 2007 A, RB | 5.00% | 06/01/2036 |  | 3780 | &nbsp;&nbsp; 3592649 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset <br> Securitization Corp.); Series 2002, RB<br>| 6.00% | 06/01/2042 |  | 4110 | &nbsp;&nbsp; 4141102 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding <br> Corp.); Series 2002, RB<br>| 6.00% | 06/01/2035 |  | 660 | &nbsp;&nbsp; 661010 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization <br> Corp.); Series 2020 A, Ref. RB<br>| 4.00% | 06/01/2049 |  | 2305 | &nbsp;&nbsp; 1959148 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.); <br> Series 2020, Ref. RB<br>| 5.00% | 06/01/2049 |  | 345 | &nbsp;&nbsp; 335141 |
| &nbsp;&nbsp;&nbsp; California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding <br> Corp.); Series 2002 A, RB<br>| 5.88% | 06/01/2043 |  | 165 | &nbsp;&nbsp; 165187 |
| California (State of) Educational Facilities Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB<sup>(d)(e)</sup> <br>| 5.00% | 11/01/2025 |  | 115 | &nbsp;&nbsp; 116023 |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 11/01/2036 |  | 1735 | &nbsp;&nbsp; 1740143 |
| &nbsp;&nbsp;&nbsp; California (State of) Educational Facilities Authority (Loma Linda University); Series 2017 A, Ref. <br> RB<br>| 5.00% | 04/01/2030 |  | 710 | &nbsp;&nbsp; 724449 |
| &nbsp;&nbsp;&nbsp; California (State of) Enterprise Development Authority (Heights Christian Schools); Series 2023 A, <br> RB<sup>(f)</sup> <br>| 6.00% | 06/01/2043 |  | 4690 | &nbsp;&nbsp; 4451057 |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(f)</sup> <br>| 5.00% | 06/01/2034 |  | 1000 | &nbsp;&nbsp; 1015306 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(f)</sup> <br>| 5.00% | 06/01/2044 |  | 2300 | &nbsp;&nbsp; 2196701 |
| California (State of) Enterprise Development Authority (Rocklin Academy (The)); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 06/01/2034 |  | 500 | &nbsp;&nbsp; 512740 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 06/01/2044 |  | 750 | &nbsp;&nbsp; 721493 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center); <br> Series 2015, Ref. RB<br>| 5.00% | 11/15/2032 |  | $1750 | &nbsp;&nbsp; $1759160 |
| California (State of) Health Facilities Financing Authority (City of Hope); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 11/15/2032 |  | 4275 | &nbsp;&nbsp; 4279986 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 11/15/2035 |  | 12280 | &nbsp;&nbsp; 12291601 |
| &nbsp;&nbsp;&nbsp; Series 2012 A, RB | 5.00% | 11/15/2039 |  | 4905 | &nbsp;&nbsp; 4907199 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Commonspirit Health); Series 2020 A, <br> Ref. RB<br>| 4.00% | 04/01/2040 |  | 2500 | &nbsp;&nbsp; 2325240 |
| California (State of) Health Facilities Financing Authority (El Camino Hospital); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 02/01/2032 |  | 1750 | &nbsp;&nbsp; 1755598 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 02/01/2033 |  | 3000 | &nbsp;&nbsp; 3009517 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB | 5.00% | 02/01/2040 |  | 5200 | &nbsp;&nbsp; 5200809 |
| &nbsp;&nbsp;&nbsp; California (State of) Health Facilities Financing Authority (Northern California Presbyterian Homes & <br> Services, Inc.); Series 2015, Ref. RB (INS - Cal-Mortgage)<sup>(a)</sup> <br>| 5.00% | 07/01/2044 |  | 2300 | &nbsp;&nbsp; 2300515 |
| California (State of) Health Facilities Financing Authority (Providence Health & Services); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 10/01/2029 |  | 500 | &nbsp;&nbsp; 500612 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 10/01/2030 |  | 700 | &nbsp;&nbsp; 700775 |
| &nbsp;&nbsp;&nbsp; Series 2014 A, RB | 5.00% | 10/01/2038 |  | 3420 | &nbsp;&nbsp; 3420804 |
| &nbsp;&nbsp;&nbsp; Series 2014 B, RB | 5.00% | 10/01/2044 |  | 5000 | &nbsp;&nbsp; 4999769 |
| California (State of) Health Facilities Financing Authority (Sutter Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2032 |  | 1800 | &nbsp;&nbsp; 1873208 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 11/15/2035 |  | 1500 | &nbsp;&nbsp; 1546010 |
| California (State of) Housing Finance Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.00% | 03/20/2033 |  | 7746 | &nbsp;&nbsp; 7695875 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Revenue Ctfs. | 3.50% | 11/20/2035 |  | 5268 | &nbsp;&nbsp; 4893658 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) <br> (Green Bonds); Series 2025 B, Ref. RB<sup>(c)(d)(f)</sup> <br>| 9.50% | 01/01/2035 |  | 2000 | &nbsp;&nbsp; 1938543 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (California Science Center Phase <br> II);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 05/01/2027 |  | 1505 | &nbsp;&nbsp; 1545368 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 05/01/2028 |  | 775 | &nbsp;&nbsp; 795372 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 05/01/2029 |  | 910 | &nbsp;&nbsp; 932907 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 05/01/2030 |  | 740 | &nbsp;&nbsp; 757771 |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 05/01/2031 |  | 910 | &nbsp;&nbsp; 931092 |
| &nbsp;&nbsp;&nbsp; California (State of) Infrastructure & Economic Development Bank (Segerstrom Center for the <br> Arts); Series 2016, Ref. RB<br>| 5.00% | 07/01/2026 |  | 5000 | &nbsp;&nbsp; 5096812 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (American Heritage Education Foundation); <br> Series 2016 A, Ref. RB<br>| 5.00% | 06/01/2036 |  | 1000 | &nbsp;&nbsp; 1004391 |
| California (State of) Municipal Finance Authority (Bold Program); Series 2021 A, RB | 4.00% | 09/01/2051 |  | 1500 | &nbsp;&nbsp; 1200641 |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 05/15/2033 |  | 6385 | &nbsp;&nbsp; 6701739 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB | 5.00% | 05/15/2037 |  | 2500 | &nbsp;&nbsp; 2549455 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow <br> Student Housing);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 05/15/2032 |  | 2120 | &nbsp;&nbsp; 2233173 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 05/15/2033 |  | 2000 | &nbsp;&nbsp; 2098549 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 05/15/2034 |  | 1260 | &nbsp;&nbsp; 1317341 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 05/15/2036 |  | 1900 | &nbsp;&nbsp; 1974975 |
| California (State of) Municipal Finance Authority (Community Medical Centers); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2028 |  | 3000 | &nbsp;&nbsp; 3064979 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2029 |  | 3400 | &nbsp;&nbsp; 3464715 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2030 |  | 3500 | &nbsp;&nbsp; 3555717 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2031 |  | 2000 | &nbsp;&nbsp; 2026249 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2032 |  | 1500 | &nbsp;&nbsp; 1517400 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2034 |  | 3750 | &nbsp;&nbsp; 3778555 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2035 |  | 4000 | &nbsp;&nbsp; 4022109 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB | 5.00% | 02/01/2036 |  | 2000 | &nbsp;&nbsp; 2006992 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Eisenhower Medical Centers); Series 2017 A, <br> Ref. RB<br>| 5.00% | 07/01/2030 |  | 2155 | &nbsp;&nbsp; 2197122 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2036 |  | $1410 | &nbsp;&nbsp; $1482351 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2037 |  | 10 | &nbsp;&nbsp; 10424 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB | 5.00% | 11/15/2040 |  | 2790 | &nbsp;&nbsp; 2860930 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (Humangood - California Obligated Group); <br> Series 2019 A, Ref. RB<br>| 5.00% | 10/01/2044 |  | 5000 | &nbsp;&nbsp; 4981116 |
| California (State of) Municipal Finance Authority (Linxs APM); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2033 |  | 8385 | &nbsp;&nbsp; 8498811 |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2034 |  | 6500 | &nbsp;&nbsp; 6558464 |
| &nbsp;&nbsp;&nbsp; Series 2018, RB<sup>(c)</sup> <br>| 5.00% | 12/31/2035 |  | 2700 | &nbsp;&nbsp; 2718328 |
| California (State of) Municipal Finance Authority (NorthBay Healthcare Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 11/01/2030 |  | 440 | &nbsp;&nbsp; 440118 |
| &nbsp;&nbsp;&nbsp; Series 2015, RB | 5.00% | 11/01/2035 |  | 1100 | &nbsp;&nbsp; 1099988 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 11/01/2028 |  | 1000 | &nbsp;&nbsp; 1010200 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.25% | 11/01/2029 |  | 750 | &nbsp;&nbsp; 759552 |
| &nbsp;&nbsp;&nbsp; California (State of) Municipal Finance Authority (San Bernardino Municipal Water Department <br> Water Facilities); Series 2016, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 08/01/2033 |  | 1580 | &nbsp;&nbsp; 1610066 |
| California (State of) Municipal Finance Authority (St. Mary's School - Aliso Viejo); Series 2024, RB | 4.65% | 05/01/2030 |  | 1045 | &nbsp;&nbsp; 1055604 |
| California (State of) Municipal Finance Authority (Turning Point Schools); Series 2024, Ref. RB<sup>(f)</sup> <br>| 5.00% | 06/01/2034 |  | 500 | &nbsp;&nbsp; 502861 |
| California (State of) Municipal Finance Authority (United Airlines, Inc.); Series 2019, RB<sup>(c)</sup> <br>| 4.00% | 07/15/2029 |  | 15455 | &nbsp;&nbsp; 15053425 |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB (Acquired 11/09/2018-02/12/2019; Cost $4,096,042)<sup>(c)(f)(g)(h)</sup> <br>| 7.50% | 07/01/2032 |  | 4000 | &nbsp;&nbsp; 40 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB (Acquired 10/06/2020; Cost $601,778)<sup>(c)(f)(g)(h)</sup> <br>| 7.50% | 07/01/2032 |  | 630 | &nbsp;&nbsp; 6 |
| California (State of) Pollution Control Financing Authority (Plant Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(c)(f)</sup> <br>| 5.00% | 07/01/2030 |  | 5000 | &nbsp;&nbsp; 5002726 |
| &nbsp;&nbsp;&nbsp; Series 2012, RB<sup>(c)(f)</sup> <br>| 5.00% | 11/21/2045 |  | 10000 | &nbsp;&nbsp; 9471104 |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)(f)</sup> <br>| 5.00% | 07/01/2036 |  | 1000 | &nbsp;&nbsp; 1040046 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)(f)</sup> <br>| 5.00% | 07/01/2037 |  | 1000 | &nbsp;&nbsp; 1034594 |
| &nbsp;&nbsp;&nbsp; Series 2023, RB<sup>(c)(f)</sup> <br>| 5.00% | 07/01/2038 |  | 4000 | &nbsp;&nbsp; 4097838 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (San Diego County Water Authority); <br> Series 2019, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2039 |  | 1500 | &nbsp;&nbsp; 1512999 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (Southern California Water Co.); <br> Series 1996 A, RB (INS - NATL)<sup>(a)(c)</sup> <br>| 5.50% | 12/01/2026 |  | 1030 | &nbsp;&nbsp; 1050240 |
| &nbsp;&nbsp;&nbsp; California (State of) Pollution Control Financing Authority (Waste Management, Inc.); Series 2002 <br> C, RB<sup>(c)</sup> <br>| 4.25% | 12/01/2027 |  | 3000 | &nbsp;&nbsp; 3022268 |
| California (State of) Public Finance Authority (California Crosspoint Academy); Series 2020 A, RB<sup>(f)</sup> <br>| 4.25% | 07/01/2030 |  | 1155 | &nbsp;&nbsp; 1087204 |
| &nbsp;&nbsp;&nbsp; California (State of) Public Finance Authority (California University of Science and Medicine); <br> Series 2019 A, RB<sup>(f)</sup> <br>| 6.25% | 07/01/2054 |  | 12900 | &nbsp;&nbsp; 13218781 |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(f)</sup> <br>| 3.13% | 05/15/2029 |  | 2435 | &nbsp;&nbsp; 2355400 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(f)</sup> <br>| 5.00% | 11/15/2036 |  | 500 | &nbsp;&nbsp; 501015 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB<sup>(f)</sup> <br>| 5.00% | 11/15/2051 |  | 1400 | &nbsp;&nbsp; 1221852 |
| California (State of) Public Finance Authority (Excelsior Charter Schools); Series 2020 A, RB<sup>(f)</sup> <br>| 5.00% | 06/15/2040 |  | 1060 | &nbsp;&nbsp; 1010215 |
| California (State of) Public Finance Authority (Trinity Classical Academy); Series 2019 A, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2036 |  | 600 | &nbsp;&nbsp; 574124 |
| California (State of) Public Works Board (California Community Colleges); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004 B, RB | 5.13% | 06/01/2025 |  | 15 | &nbsp;&nbsp; 15000 |
| &nbsp;&nbsp;&nbsp; Series 2004 B, RB | 5.13% | 06/01/2029 |  | 45 | &nbsp;&nbsp; 45060 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RB (INS - NATL)<sup>(a)</sup> <br>| 4.25% | 03/01/2026 |  | 5 | &nbsp;&nbsp; 5005 |
| &nbsp;&nbsp;&nbsp; Series 2007 B, RB (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 03/01/2027 |  | 50 | &nbsp;&nbsp; 50093 |
| California (State of) Public Works Board (Various Capital); Series 2024, Ref. RB | 5.00% | 09/01/2038 |  | 1500 | &nbsp;&nbsp; 1628446 |
| California (State of) School Finance Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 A, RB<sup>(f)</sup> <br>| 5.50% | 06/01/2043 |  | 2165 | &nbsp;&nbsp; 2111019 |
| &nbsp;&nbsp;&nbsp; Series 2025, RN<sup>(f)</sup> <br>| 4.40% | 12/01/2026 |  | 2500 | &nbsp;&nbsp; 2503470 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Aspire Public Schools Obligated Group); <br> Series 2020 A, RB<sup>(f)</sup> <br>| 5.00% | 08/01/2040 |  | 3000 | &nbsp;&nbsp; 2966443 |
| &nbsp;&nbsp;&nbsp; California (State of) School Finance Authority (Classical Academies Oceanside); Series 2017 A, <br> Ref. RB<sup>(f)</sup> <br>| 4.00% | 10/01/2027 |  | 1300 | &nbsp;&nbsp; 1301376 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| California (State of) School Finance Authority (Escuela Popular); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(e)(f)</sup> <br>| 5.50% | 07/01/2027 |  | $430 | &nbsp;&nbsp; $443013 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(f)</sup> <br>| 5.50% | 07/01/2027 |  | 150 | &nbsp;&nbsp; 150981 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB<sup>(f)</sup> <br>| 6.25% | 07/01/2037 |  | 1295 | &nbsp;&nbsp; 1313158 |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2031 |  | 295 | &nbsp;&nbsp; 317179 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2032 |  | 310 | &nbsp;&nbsp; 331571 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2033 |  | 325 | &nbsp;&nbsp; 345904 |
| California (State of) School Finance Authority (HTH Learning); Series 2017 A, Ref. RB<sup>(f)</sup> <br>| 5.00% | 07/01/2032 |  | 1705 | &nbsp;&nbsp; 1721641 |
| California (State of) School Finance Authority (KIPP LA); Series 2015 A, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2035 |  | 500 | &nbsp;&nbsp; 500190 |
| California (State of) School Finance Authority (TEACH Public Schools); Series 2019 A, RB<sup>(f)</sup> <br>| 5.00% | 06/01/2039 |  | 740 | &nbsp;&nbsp; 715948 |
| California (State of) Statewide Communities Development Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/02/2025 |  | 115 | &nbsp;&nbsp; 114954 |
| &nbsp;&nbsp;&nbsp; Series 2020 B, RB | 4.00% | 09/02/2026 |  | 115 | &nbsp;&nbsp; 115068 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 |  | 400 | &nbsp;&nbsp; 397515 |
| California (State of) Statewide Communities Development Authority (California Baptist University); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(f)</sup> <br>| 5.00% | 11/01/2035 |  | 2250 | &nbsp;&nbsp; 2313739 |
| &nbsp;&nbsp;&nbsp; Series 2025, Ref. RB<sup>(f)</sup> <br>| 5.13% | 11/01/2040 |  | 2700 | &nbsp;&nbsp; 2711125 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Front Porch Communities & <br> Services); Series 2017 A, Ref. RB<br>| 5.00% | 04/01/2031 |  | 175 | &nbsp;&nbsp; 178869 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral <br> City Apartments); Series 2002 NN-1, RB (INS - AMBAC)<sup>(a)(c)</sup> <br>| 5.20% | 06/01/2036 |  | 695 | &nbsp;&nbsp; 695360 |
| California (State of) Statewide Communities Development Authority (John Muir Health); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 A, Ref. RB | 5.00% | 08/15/2051 |  | 3000 | &nbsp;&nbsp; 2932734 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.00% | 12/01/2039 |  | 3045 | &nbsp;&nbsp; 3249041 |
| &nbsp;&nbsp;&nbsp; Series 2024 A, Ref. RB | 5.25% | 12/01/2042 |  | 3650 | &nbsp;&nbsp; 3879036 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Lancer Educational Student <br> Housing); Series 2016, Ref. RB<sup>(f)</sup> <br>| 5.00% | 06/01/2036 |  | 5000 | &nbsp;&nbsp; 5008434 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Loma Linda University Medical <br> Center); Series 2014, RB<br>| 5.25% | 12/01/2034 |  | 3000 | &nbsp;&nbsp; 3001189 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-<br> California College of the Arts); Series 2019, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2029 |  | 1495 | &nbsp;&nbsp; 1514277 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (Statewide Community <br> Infrastructure Program);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015, Ref. RB | 5.00% | 09/02/2035 |  | 3515 | &nbsp;&nbsp; 3522621 |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1, RB | 2.25% | 09/02/2026 |  | 910 | &nbsp;&nbsp; 874357 |
| &nbsp;&nbsp;&nbsp; Series 2021 C-1, RB | 4.00% | 09/02/2051 |  | 2505 | &nbsp;&nbsp; 2016998 |
| &nbsp;&nbsp;&nbsp; California (State of) Statewide Communities Development Authority (University of California - Irvine <br> East Campus Apartments - CHF-Irvine, LLC); Series 2016, Ref. RB<br>| 5.00% | 05/15/2030 |  | 1500 | &nbsp;&nbsp; 1516196 |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002 A, RB | 6.00% | 05/01/2037 |  | 1710 | &nbsp;&nbsp; 1745818 |
| &nbsp;&nbsp;&nbsp; Series 2002 B, RB | 6.00% | 05/01/2043 |  | 750 | &nbsp;&nbsp; 751673 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.00% | 05/01/2043 |  | 750 | &nbsp;&nbsp; 765691 |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024 F, RB<sup>(d)</sup> <br>| 5.00% | 11/01/2032 |  | 15000 | &nbsp;&nbsp; 15881199 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB<sup>(d)</sup> <br>| 5.00% | 10/01/2032 |  | 10000 | &nbsp;&nbsp; 10420617 |
| California State University; Series 2016 A, Ref. RB | 5.00% | 11/01/2041 |  | 4000 | &nbsp;&nbsp; 4039387 |
| &nbsp;&nbsp;&nbsp; Cathedral (City of), CA Redevelopment Agency Successor Agency (Merged Redevelopment); <br> Series 2021 A, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 08/01/2035 |  | 200 | &nbsp;&nbsp; 198560 |
| Central Valley Energy Authority; Series 2025, RB<sup>(d)</sup> <br>| 5.00% | 08/01/2035 |  | 5000 | &nbsp;&nbsp; 5233663 |
| Chino (City of), CA Public Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2028 |  | 1230 | &nbsp;&nbsp; 1236234 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2029 |  | 1280 | &nbsp;&nbsp; 1286128 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2030 |  | 900 | &nbsp;&nbsp; 904040 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2031 |  | 950 | &nbsp;&nbsp; 953906 |
| Chula Vista (City of), CA Municipal Financing Authority; Series 2015 B, Ref. RB | 5.00% | 09/01/2026 |  | 1500 | &nbsp;&nbsp; 1506632 |
| Colton (City of), CA Public Financing Authority; Series 2007 A, RB (INS - AMBAC)<sup>(a)</sup> <br>| 4.70% | 04/01/2032 |  | 15 | &nbsp;&nbsp; 15007 |
| &nbsp;&nbsp;&nbsp; Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2013-1); <br> Series 2019, RB<br>| 5.00% | 09/01/2044 |  | 2645 | &nbsp;&nbsp; 2658837 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; Downey (City of), CA Community Development Commission (Downey Redevelopment); <br> Series 1997, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 5.13% | 08/01/2028 |  | $25 | &nbsp;&nbsp; $25057 |
| El Centro (City of), CA Financing Authority (El Centro California Redevelopment); Series 2011, RB | 6.63% | 11/01/2025 |  | 425 | &nbsp;&nbsp; 426221 |
| &nbsp;&nbsp;&nbsp; El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills <br> Development);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. RB | 5.00% | 09/01/2026 |  | 620 | &nbsp;&nbsp; 620746 |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. RB | 5.00% | 09/01/2027 |  | 790 | &nbsp;&nbsp; 791220 |
| Fontana (City of), CA (Community Facilities District No. 80); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/01/2026 |  | 290 | &nbsp;&nbsp; 296577 |
| &nbsp;&nbsp;&nbsp; Series 2017, RB | 5.00% | 09/01/2029 |  | 175 | &nbsp;&nbsp; 180393 |
| Fontana (City of), CA (The Gardens Phase One); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2039 |  | 1000 | &nbsp;&nbsp; 1026867 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2044 |  | 2210 | &nbsp;&nbsp; 2227710 |
| Fresno (City of), CA Joint Powers Financing Authority (Master Lease); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 04/01/2030 |  | 675 | &nbsp;&nbsp; 697357 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 04/01/2031 |  | 1000 | &nbsp;&nbsp; 1031804 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 04/01/2032 |  | 500 | &nbsp;&nbsp; 515154 |
| Golden State Tobacco Securitization Corp.; Series 2017 A-1, Ref. RB<sup>(e)</sup> <br>| 5.00% | 06/01/2027 |  | 1850 | &nbsp;&nbsp; 1927818 |
| Grossmont Healthcare District; Series 2015 D, Ref. GO Bonds<sup>(d)(e)</sup> <br>| 4.00% | 07/15/2025 |  | 7000 | &nbsp;&nbsp; 7008370 |
| Hemet Unified School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2026 |  | 225 | &nbsp;&nbsp; 226221 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2028 |  | 255 | &nbsp;&nbsp; 257885 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2032 |  | 335 | &nbsp;&nbsp; 334644 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2035 |  | 400 | &nbsp;&nbsp; 391661 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2036 |  | 200 | &nbsp;&nbsp; 193926 |
| &nbsp;&nbsp;&nbsp; Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community <br> Development);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 10/01/2031 |  | 1675 | &nbsp;&nbsp; 1677476 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 10/01/2032 |  | 1305 | &nbsp;&nbsp; 1306815 |
| &nbsp;&nbsp;&nbsp; Huntington Beach (City of), CA (Community Facilities District No. 2002-1 - Improvement Area A - <br> McDonnell Centre Business Park); Series 2002 A, RB<br>| 6.25% | 09/01/2027 |  | 15 | &nbsp;&nbsp; 15111 |
| Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.25% | 09/01/2025 |  | 1055 | &nbsp;&nbsp; 1056341 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.25% | 09/01/2026 |  | 1115 | &nbsp;&nbsp; 1116537 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.38% | 09/01/2033 |  | 1200 | &nbsp;&nbsp; 1201157 |
| Imperial (City of), CA Public Financing Authority (Water Facility); Series 2012, RB | 5.00% | 10/15/2026 |  | 1435 | &nbsp;&nbsp; 1436317 |
| Imperial Irrigation District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B-2, Ref. RB | 5.00% | 11/01/2041 |  | 5455 | &nbsp;&nbsp; 5481756 |
| &nbsp;&nbsp;&nbsp; Series 2017, Ref. RB | 4.00% | 11/01/2037 |  | 6070 | &nbsp;&nbsp; 6043780 |
| Independent Cities Finance Authority; Series 2014 A, Ref. RB | 5.25% | 05/15/2049 |  | 100 | &nbsp;&nbsp; 100021 |
| Inland Valley Development Agency; Series 2014 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2044 |  | 5000 | &nbsp;&nbsp; 5036332 |
| Jurupa Community Services District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2031 |  | 100 | &nbsp;&nbsp; 100635 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2033 |  | 100 | &nbsp;&nbsp; 99508 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2034 |  | 165 | &nbsp;&nbsp; 163650 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2036 |  | 180 | &nbsp;&nbsp; 175630 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2039 |  | 135 | &nbsp;&nbsp; 125678 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB | 4.00% | 09/01/2040 |  | 140 | &nbsp;&nbsp; 128889 |
| Lake Elsinore (City of), CA (Nichols Ranch); Series 2024, RB | 5.00% | 09/01/2039 |  | 500 | &nbsp;&nbsp; 513434 |
| Long Beach (City of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 05/15/2040 |  | 16080 | &nbsp;&nbsp; 16210021 |
| &nbsp;&nbsp;&nbsp; Series 2019, RB<sup>(c)</sup> <br>| 5.00% | 05/15/2038 |  | 3000 | &nbsp;&nbsp; 3043217 |
| Long Beach (City of), CA (Community Facilities District No. 6); Series 2002, RB | 6.25% | 10/01/2026 |  | 15 | &nbsp;&nbsp; 15032 |
| Long Beach (City of), CA Bond Finance Authority; Series 2007 A, RB | 5.50% | 11/15/2037 |  | 100 | &nbsp;&nbsp; 109846 |
| Long Beach Unified School District (Election of 2008); Series 2009, GO Bonds | 5.75% | 08/01/2033 |  | 30 | &nbsp;&nbsp; 30116 |
| Los Angeles (City of), CA Department of Airports; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017, Sub. RB<sup>(c)</sup> <br>| 5.00% | 05/15/2041 |  | 16580 | &nbsp;&nbsp; 16576032 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, Ref. RB<sup>(c)</sup> <br>| 5.00% | 05/15/2034 |  | 1000 | &nbsp;&nbsp; 1023196 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, RB<sup>(c)</sup> <br>| 5.00% | 05/15/2038 |  | 1770 | &nbsp;&nbsp; 1781040 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; Los Angeles (City of), CA Department of Airports (Los Angeles International Airport); Series 2018 <br> D, Ref. RB<sup>(c)</sup> <br>| 5.00% | 05/15/2030 |  | $9000 | &nbsp;&nbsp; $9452452 |
| Los Angeles (City of), CA Department of Water & Power; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB | 5.00% | 07/01/2042 |  | 5000 | &nbsp;&nbsp; 5003361 |
| &nbsp;&nbsp;&nbsp; Series 2017 C, RB | 5.00% | 07/01/2042 |  | 5525 | &nbsp;&nbsp; 5529898 |
| &nbsp;&nbsp;&nbsp; Series 2023 C-1, RB<sup>(d)(e)</sup> <br>| 3.10% | 06/02/2025 |  | 4000 | &nbsp;&nbsp; 4000000 |
| &nbsp;&nbsp;&nbsp; Series 2023 C-2, RB<sup>(d)(e)</sup> <br>| 3.10% | 06/02/2025 |  | 15000 | &nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp; Subseries 2002 A-3, Ref. VRD RB<sup>(b)</sup> <br>| 2.75% | 07/01/2035 |  | 16000 | &nbsp;&nbsp; 16000000 |
| Los Angeles Unified School District (Election of 2004); Series 2025, GO Bonds | 5.00% | 07/01/2043 |  | 5000 | &nbsp;&nbsp; 5315865 |
| Los Angeles Unified School District (Election of 2008); Series 2016 A, GO Bonds<sup>(d)(e)</sup> <br>| 5.00% | 07/01/2025 |  | 2195 | &nbsp;&nbsp; 2198326 |
| Los Angeles Unified School District (Green Bonds); Series 2024 QRR, GO Bonds | 5.00% | 07/01/2042 |  | 5000 | &nbsp;&nbsp; 5331968 |
| Madera (County of), CA (Valley Children's Hospital); Series 1995, COP (INS - NATL)<sup>(a)</sup> <br>| 5.75% | 03/15/2028 |  | 290 | &nbsp;&nbsp; 299423 |
| Manteca (City of), CA (Community Facilities District No. 2023-1); Series 2024, RB | 5.00% | 09/01/2038 |  | 610 | &nbsp;&nbsp; 628728 |
| &nbsp;&nbsp;&nbsp; Manteca Unified School District (Community Facilities District No. 1989-2); Series 2013 F, RB (INS <br> - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2027 |  | 1285 | &nbsp;&nbsp; 1286924 |
| Marina (City of), CA Redevelopment Agency Successor Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A, RB | 5.00% | 09/01/2033 |  | 340 | &nbsp;&nbsp; 350863 |
| &nbsp;&nbsp;&nbsp; Series 2018 B, RB | 5.00% | 09/01/2033 |  | 250 | &nbsp;&nbsp; 258059 |
| Metropolitan Water District of Southern California; Series 2024 B-1, VRD RB<sup>(b)</sup> <br>| 1.22% | 07/01/2047 |  | 500 | &nbsp;&nbsp; 500000 |
| Mountain House Public Financing Authority (Green Bonds); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 12/01/2036 |  | 310 | &nbsp;&nbsp; 311663 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 12/01/2037 |  | 495 | &nbsp;&nbsp; 493215 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 12/01/2039 |  | 470 | &nbsp;&nbsp; 459650 |
| &nbsp;&nbsp;&nbsp; Series 2020 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 12/01/2040 |  | 600 | &nbsp;&nbsp; 584817 |
| Mountain View (City of), CA; Series 2004 A, RB (INS - NATL)<sup>(a)</sup> <br>| 4.50% | 06/01/2026 |  | 10 | &nbsp;&nbsp; 10011 |
| Napa Valley Unified School District; Series 2016 C, Ref. GO Bonds | 5.00% | 08/01/2041 |  | 300 | &nbsp;&nbsp; 305404 |
| Natomas Unified School District; Series 2020 A, GO Bonds (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 08/01/2045 |  | 4000 | &nbsp;&nbsp; 3667045 |
| Northern California Tobacco Securitization Authority; Series 2021 B-1, Ref. RB | 4.00% | 06/01/2049 |  | 660 | &nbsp;&nbsp; 612788 |
| Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2026 |  | 660 | &nbsp;&nbsp; 660841 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2027 |  | 720 | &nbsp;&nbsp; 720925 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2028 |  | 780 | &nbsp;&nbsp; 780933 |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2031 |  | 230 | &nbsp;&nbsp; 246076 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2032 |  | 240 | &nbsp;&nbsp; 257826 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2033 |  | 250 | &nbsp;&nbsp; 268124 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2034 |  | 265 | &nbsp;&nbsp; 284314 |
| &nbsp;&nbsp;&nbsp; Series 2024, RB | 5.00% | 09/01/2039 |  | 525 | &nbsp;&nbsp; 541497 |
| &nbsp;&nbsp;&nbsp; Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village); Series 2016 A, <br> RB<br>| 5.00% | 08/15/2046 |  | 1000 | &nbsp;&nbsp; 1002123 |
| Oxnard (City of), CA Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2029 |  | 2000 | &nbsp;&nbsp; 2002581 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2032 |  | 1250 | &nbsp;&nbsp; 1251524 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 06/01/2033 |  | 1500 | &nbsp;&nbsp; 1501817 |
| Palm Desert (City of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2025 |  | 290 | &nbsp;&nbsp; 290163 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2026 |  | 300 | &nbsp;&nbsp; 301446 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2027 |  | 315 | &nbsp;&nbsp; 317856 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2030 |  | 250 | &nbsp;&nbsp; 252728 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2033 |  | 275 | &nbsp;&nbsp; 274218 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, Ref. RB | 4.00% | 09/01/2036 |  | 300 | &nbsp;&nbsp; 292454 |
| Palm Springs Unified School District; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. GO Bonds | 4.00% | 08/01/2033 |  | 1155 | &nbsp;&nbsp; 1155028 |
| &nbsp;&nbsp;&nbsp; Series 2014, Ref. GO Bonds | 4.00% | 08/01/2035 |  | 1095 | &nbsp;&nbsp; 1094983 |
| Palomar Health; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2031 |  | 1625 | &nbsp;&nbsp; 1522411 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2036 |  | 1845 | &nbsp;&nbsp; 1603681 |
| &nbsp;&nbsp;&nbsp; Series 2016, Ref. RB | 5.00% | 11/01/2039 |  | 6320 | &nbsp;&nbsp; 5200823 |
| Peninsula Corridor Joint Powers Board; Series 2019 A, Ref. RB | 5.00% | 10/01/2044 |  | 4000 | &nbsp;&nbsp; 4025039 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| Perris (City of), CA Joint Powers Authority; Series 2014 B, Ref. RB | 5.00% | 09/01/2038 |  | $1025 | &nbsp;&nbsp; $1025413 |
| Perris Elementary School District (Election of 2014); Series 2014 A, GO Bonds (INS - BAM)<sup>(d)(e)</sup> <br>| 6.00% | 07/03/2025 |  | 205 | &nbsp;&nbsp; 205501 |
| &nbsp;&nbsp;&nbsp; Rancho Cucamonga (City of), CA (Community Facilities District No. 2003-01 - Improvement Area <br> No. 1);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.75% | 09/01/2028 |  | 1800 | &nbsp;&nbsp; 1821621 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.25% | 09/01/2033 |  | 200 | &nbsp;&nbsp; 202776 |
| Rancho Mirage (City of), CA (Reassessment District No. R22-85); Series 2002, Ref. RB | 5.75% | 09/02/2026 |  | 10 | &nbsp;&nbsp; 10057 |
| &nbsp;&nbsp;&nbsp; Redlands (City of), CA (Community Facilities District No. 2003-1 - Redlands Business Center); <br> Series 2004, RB<br>| 5.85% | 09/01/2033 |  | 10 | &nbsp;&nbsp; 10048 |
| Redwood City (City of), CA (Community Facilities District No. 99-1); Series 2012, Ref. RB | 5.00% | 09/01/2029 |  | 690 | &nbsp;&nbsp; 690731 |
| Regents of the University of California Medical Center; Series 2007 B-2, VRD Ref. RB<sup>(b)</sup> <br>| 0.70% | 05/15/2032 |  | 1765 | &nbsp;&nbsp; 1765000 |
| Richmond (City of), CA Joint Powers Financing Authority; Series 2016, RB | 5.50% | 11/01/2029 |  | 4050 | &nbsp;&nbsp; 4081644 |
| Riverside (City of), CA (Community Facilities District No. 2006-1); Series 2013, RB | 5.25% | 09/01/2043 |  | 500 | &nbsp;&nbsp; 500468 |
| Riverside (City of), CA (Riverwalk Business Center Assessment District); Series 2004, RB | 6.25% | 09/02/2029 |  | 200 | &nbsp;&nbsp; 201489 |
| &nbsp;&nbsp;&nbsp; Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert <br> Communities Development);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2035 |  | 1000 | &nbsp;&nbsp; 1119753 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2036 |  | 1000 | &nbsp;&nbsp; 1109518 |
| &nbsp;&nbsp;&nbsp; Series 2024, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 10/01/2037 |  | 1000 | &nbsp;&nbsp; 1098563 |
| Riverside Unified School District (Community Facilities District No. 32); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2034 |  | 500 | &nbsp;&nbsp; 494394 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2037 |  | 500 | &nbsp;&nbsp; 479868 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2040 |  | 350 | &nbsp;&nbsp; 319728 |
| Riverside Unified School District (Community Facilities District No. 33); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2035 |  | 295 | &nbsp;&nbsp; 284568 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2036 |  | 305 | &nbsp;&nbsp; 293895 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2037 |  | 320 | &nbsp;&nbsp; 304495 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2038 |  | 330 | &nbsp;&nbsp; 307767 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2039 |  | 345 | &nbsp;&nbsp; 314451 |
| &nbsp;&nbsp;&nbsp; Series 2021, RB | 4.00% | 09/01/2040 |  | 190 | &nbsp;&nbsp; 172990 |
| Riverside Unified School District (Election of 2016); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 3.00% | 08/01/2038 |  | 1740 | &nbsp;&nbsp; 1485115 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 3.00% | 08/01/2039 |  | 4250 | &nbsp;&nbsp; 3545119 |
| &nbsp;&nbsp;&nbsp; Series 2019 B, GO Bonds | 3.00% | 08/01/2040 |  | 2770 | &nbsp;&nbsp; 2248041 |
| Romoland School District Community Facilities No. 2004-1; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 09/01/2025 |  | 365 | &nbsp;&nbsp; 365388 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 09/01/2026 |  | 440 | &nbsp;&nbsp; 440529 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 09/01/2027 |  | 405 | &nbsp;&nbsp; 405498 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 09/01/2028 |  | 500 | &nbsp;&nbsp; 500590 |
| Romoland School District Community Facilities No. 2022-2; Series 2024, RB | 5.00% | 09/01/2039 |  | 315 | &nbsp;&nbsp; 324180 |
| Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1); Series 2024, RB | 5.00% | 09/01/2044 |  | 700 | &nbsp;&nbsp; 690564 |
| &nbsp;&nbsp;&nbsp; Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public <br> Facilities);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2033 |  | 235 | &nbsp;&nbsp; 234006 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2035 |  | 275 | &nbsp;&nbsp; 270389 |
| &nbsp;&nbsp;&nbsp; Series 2020, RB | 4.00% | 09/01/2037 |  | 320 | &nbsp;&nbsp; 305947 |
| Roseville Joint Union High School District (Election of 2016); Series 2017 A, GO Bonds | 4.00% | 08/01/2045 |  | 10000 | &nbsp;&nbsp; 9225028 |
| &nbsp;&nbsp;&nbsp; Sacramento (City of), CA (2019 Sacramento Tourism Infrastructure District - Convention Center <br> Ballroom); Series 2019, RB<br>| 4.00% | 06/01/2037 |  | 1760 | &nbsp;&nbsp; 1723706 |
| &nbsp;&nbsp;&nbsp; Sacramento (City of), CA Area Flood Control Agency (Natomas Basin Local Assessment District); <br> Series 2014, RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 10/01/2039 |  | 1900 | &nbsp;&nbsp; 1901548 |
| Sacramento (City of), CA Financing Authority (Westlake and Regency Park); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2025 |  | 850 | &nbsp;&nbsp; 850715 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2026 |  | 715 | &nbsp;&nbsp; 715705 |
| &nbsp;&nbsp;&nbsp; Series 2013 A, Ref. RB | 5.00% | 09/01/2027 |  | 455 | &nbsp;&nbsp; 455337 |
| Sacramento (County of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, Ref. RB | 5.00% | 07/01/2041 |  | 6560 | &nbsp;&nbsp; 6573968 |
| &nbsp;&nbsp;&nbsp; Series 2018 C, Ref. RB<sup>(c)</sup> <br>| 5.00% | 07/01/2037 |  | 6000 | &nbsp;&nbsp; 6075968 |
| Sacramento (County of), CA (Community Facilities District No. 2014-2); Series 2021, RB | 4.00% | 09/01/2046 |  | 650 | &nbsp;&nbsp; 556342 |
| Sacramento (County of), CA Public Financing Authority; Series 2003 A, RB (INS - NATL)<sup>(a)</sup> <br>| 5.13% | 12/01/2028 |  | 10 | &nbsp;&nbsp; 10016 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| &nbsp;&nbsp;&nbsp; San Bernardino (County of), CA Redevelopment Agency Successor Agency (San Sevaine <br> Redevelopment); Series 2016 B, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 5.00% | 09/01/2028 |  | $285 | &nbsp;&nbsp; $286551 |
| San Clemente (City of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2026 |  | 100 | &nbsp;&nbsp; 100543 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2027 |  | 100 | &nbsp;&nbsp; 101058 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2028 |  | 100 | &nbsp;&nbsp; 101315 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2029 |  | 100 | &nbsp;&nbsp; 101014 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2030 |  | 100 | &nbsp;&nbsp; 100428 |
| San Diego (City of), CA (Assessment District No. 4096); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/02/2025 |  | 190 | &nbsp;&nbsp; 190623 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.13% | 09/02/2026 |  | 205 | &nbsp;&nbsp; 205846 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.13% | 09/02/2027 |  | 215 | &nbsp;&nbsp; 215926 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.25% | 09/02/2028 |  | 225 | &nbsp;&nbsp; 226015 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.38% | 09/02/2029 |  | 230 | &nbsp;&nbsp; 231078 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.38% | 09/02/2030 |  | 240 | &nbsp;&nbsp; 241004 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.50% | 09/02/2031 |  | 250 | &nbsp;&nbsp; 251074 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.50% | 09/02/2032 |  | 270 | &nbsp;&nbsp; 271104 |
| San Diego (City of), CA Community Facilities District No. 3; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2025 |  | 545 | &nbsp;&nbsp; 545619 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2027 |  | 610 | &nbsp;&nbsp; 610803 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2028 |  | 640 | &nbsp;&nbsp; 640796 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2030 |  | 720 | &nbsp;&nbsp; 720741 |
| San Diego (City of), CA Public Facilities Financing Authority; Series 2018 A, RB | 5.25% | 08/01/2047 |  | 6255 | &nbsp;&nbsp; 6358972 |
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 10/15/2033 |  | 1250 | &nbsp;&nbsp; 1256969 |
| &nbsp;&nbsp;&nbsp; Series 2015 A, RB | 5.00% | 10/15/2034 |  | 1000 | &nbsp;&nbsp; 1005168 |
| San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment); Series 2003 B, RB | 5.25% | 09/01/2026 |  | 40 | &nbsp;&nbsp; 40055 |
| &nbsp;&nbsp;&nbsp; San Francisco (City & County of), CA (Bayshore Hester Assessment District No. 95-1); Series 1996, <br> RB<br>| 6.85% | 09/02/2026 |  | 10 | &nbsp;&nbsp; 10257 |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016 B, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2041 |  | 10000 | &nbsp;&nbsp; 9900466 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2047 |  | 3630 | &nbsp;&nbsp; 3588691 |
| &nbsp;&nbsp;&nbsp; Series 2018 D, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2043 |  | 8000 | &nbsp;&nbsp; 7921664 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2036 |  | 5000 | &nbsp;&nbsp; 5134561 |
| &nbsp;&nbsp;&nbsp; Series 2019 A, RB<sup>(c)</sup> <br>| 5.00% | 05/01/2044 |  | 1000 | &nbsp;&nbsp; 996297 |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(f)</sup> <br>| 5.00% | 09/01/2027 |  | 230 | &nbsp;&nbsp; 238824 |
| &nbsp;&nbsp;&nbsp; Series 2022 A, RB<sup>(f)</sup> <br>| 5.00% | 09/01/2032 |  | 400 | &nbsp;&nbsp; 424765 |
| &nbsp;&nbsp;&nbsp; Series 2022 B, RB<sup>(f)</sup> <br>| 5.00% | 09/01/2032 |  | 400 | &nbsp;&nbsp; 424765 |
| San Jacinto (City of), CA Community Facilities District No. 2002-1; Series 2016, Ref. RB | 5.00% | 09/01/2026 |  | 925 | &nbsp;&nbsp; 944952 |
| San Jose (City of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 03/01/2035 |  | 500 | &nbsp;&nbsp; 503462 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 03/01/2036 |  | 1000 | &nbsp;&nbsp; 1004618 |
| &nbsp;&nbsp;&nbsp; Series 2017 A, Ref. RB<sup>(c)</sup> <br>| 5.00% | 03/01/2037 |  | 3765 | &nbsp;&nbsp; 3775218 |
| San Jose (City of), CA (El Parador Apartments); Series 2000 A, RB<sup>(c)</sup> <br>| 6.10% | 01/01/2031 |  | 25 | &nbsp;&nbsp; 25001 |
| San Jose (City of), CA (Fallen Leaves Apartments); Series 2002 J-1, RB (INS - AMBAC)<sup>(a)(c)</sup> <br>| 5.10% | 12/01/2032 |  | 3180 | &nbsp;&nbsp; 3179843 |
| San Jose (City of), CA (Orvieto Family Apartments); Series 2010 B-1, RB | 4.75% | 08/01/2029 |  | 6590 | &nbsp;&nbsp; 6597066 |
| San Luis Obispo (County of), CA (Paso Robles Courthouse); Series 2007, COP (INS - AGI)<sup>(a)</sup> <br>| 4.25% | 10/15/2026 |  | 5 | &nbsp;&nbsp; 5005 |
| Santa Barbara (County of), CA; Series 2018 B, COP<sup>(c)</sup> <br>| 5.00% | 12/01/2037 |  | 7695 | &nbsp;&nbsp; 7863890 |
| Santa Clara (County of), CA Housing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2001 A, RB<sup>(c)</sup> <br>| 5.85% | 08/01/2031 |  | 1225 | &nbsp;&nbsp; 1227548 |
| &nbsp;&nbsp;&nbsp; Series 2010 A-1, RB (CEP - FHLMC) | 4.75% | 11/01/2027 |  | 3975 | &nbsp;&nbsp; 3976477 |
| Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. RB | 5.00% | 11/15/2025 |  | 925 | &nbsp;&nbsp; 926065 |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. RB | 5.00% | 11/15/2027 |  | 785 | &nbsp;&nbsp; 785962 |
| &nbsp;&nbsp;&nbsp; Series 2012, Ref. RB | 5.00% | 11/15/2028 |  | 1170 | &nbsp;&nbsp; 1171416 |
| Santa Nella (County of), CA Water District; Series 1998, Ref. RB | 6.25% | 09/02/2028 |  | 10 | &nbsp;&nbsp; 9457 |

---

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

**Invesco Limited Term California 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** |
| **California–(continued)** | **California–(continued)** | **California–(continued)** | **California–(continued)** |  |  |
| Saugus Union School District Financing Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 09/01/2038 |  | $650 | &nbsp;&nbsp; $633931 |
| &nbsp;&nbsp;&nbsp; Series 2021 A, RB (INS - BAM)<sup>(a)</sup> <br>| 4.00% | 09/01/2041 |  | 260 | &nbsp;&nbsp; 244048 |
| Silicon Valley Tobacco Securitization Authority (Santa Clara); Series 2007 A, RB<sup>(i)</sup> <br>| 0.00% | 06/01/2036 |  | 6000 | &nbsp;&nbsp; 3259844 |
| &nbsp;&nbsp;&nbsp; Simi Valley (City of), CA Community Development Agency (Merged Tapo Canyon & West End <br> Community Development); Series 2003, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 09/01/2030 |  | 25 | &nbsp;&nbsp; 25047 |
| Sonora Union High School District (Election of 2012); Series 2013 A, GO Bonds (INS - AGI)<sup>(a)</sup> <br>| 5.63% | 08/01/2029 |  | 905 | &nbsp;&nbsp; 906738 |
| South Pasadena (City of), CA; Series 2016, Ref. RB (INS - BAM)<sup>(a)</sup> <br>| 5.00% | 10/01/2036 |  | 1115 | &nbsp;&nbsp; 1132482 |
| South San Francisco (City of), CA Public Facilities Financing Authority; Series 2021 A, RB | 4.00% | 06/01/2040 |  | 3305 | &nbsp;&nbsp; 3273285 |
| &nbsp;&nbsp;&nbsp; South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1); <br> Series 2014, Ref. RB (INS - AGI)<sup>(a)</sup> <br>| 4.00% | 10/01/2034 |  | 500 | &nbsp;&nbsp; 499977 |
| Southern California Public Power Authority (Clean Energy); Series 2024 A, RB<sup>(d)</sup> <br>| 5.00% | 09/01/2030 |  | 8140 | &nbsp;&nbsp; 8441974 |
| &nbsp;&nbsp;&nbsp; Southern California Tobacco Securitization Authority (San Diego County Asset Securitization <br> Corp.);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2037 |  | 1170 | &nbsp;&nbsp; 1195966 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2038 |  | 2000 | &nbsp;&nbsp; 2033790 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2039 |  | 1810 | &nbsp;&nbsp; 1834708 |
| &nbsp;&nbsp;&nbsp; Series 2019, Ref. RB | 5.00% | 06/01/2048 |  | 11105 | &nbsp;&nbsp; 10566028 |
| Sutter & Butte (Counties of), CA Flood Agency; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 10/01/2025 |  | 300 | &nbsp;&nbsp; 300398 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 10/01/2026 |  | 415 | &nbsp;&nbsp; 415314 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 10/01/2027 |  | 700 | &nbsp;&nbsp; 700876 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 10/01/2028 |  | 1465 | &nbsp;&nbsp; 1466786 |
| &nbsp;&nbsp;&nbsp; Series 2013, RB | 5.00% | 10/01/2029 |  | 1490 | &nbsp;&nbsp; 1491675 |
| Tahoe-Truckee Unified School District; Series 2016 B, GO Bonds | 5.00% | 08/01/2039 |  | 3000 | &nbsp;&nbsp; 3053697 |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2026 |  | 220 | &nbsp;&nbsp; 220767 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2028 |  | 260 | &nbsp;&nbsp; 262307 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2030 |  | 300 | &nbsp;&nbsp; 300720 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2032 |  | 100 | &nbsp;&nbsp; 98964 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2036 |  | 1075 | &nbsp;&nbsp; 1023924 |
| &nbsp;&nbsp;&nbsp; Series 2021, Ref. RB | 4.00% | 09/01/2041 |  | 2840 | &nbsp;&nbsp; 2517259 |
| Tracy (City of), CA Community Facilities District No. 93-1 (I-205 Parcel GL-17); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 1996 A, RB | 6.30% | 09/01/2026 |  | 10 | &nbsp;&nbsp; 10069 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 6.25% | 09/01/2032 |  | 25 | &nbsp;&nbsp; 25047 |
| &nbsp;&nbsp;&nbsp; Truckee (Town of), CA Donner Public Utility District (Community Facilities District No. 04-1); <br> Series 2004, RB<br>| 5.80% | 09/01/2035 |  | 30 | &nbsp;&nbsp; 28855 |
| Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2025 |  | 445 | &nbsp;&nbsp; 446729 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2026 |  | 470 | &nbsp;&nbsp; 472043 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2027 |  | 490 | &nbsp;&nbsp; 492183 |
| &nbsp;&nbsp;&nbsp; Series 2013, Ref. RB | 5.00% | 09/01/2028 |  | 515 | &nbsp;&nbsp; 517241 |
| &nbsp;&nbsp;&nbsp; Tustin Unified School District (Community Facilities District No. 97-1); Series 2015 A, Ref. RB (INS <br> - BAM)<sup>(a)</sup> <br>| 5.00% | 09/01/2038 |  | 4155 | &nbsp;&nbsp; 4164317 |
| University of California; Series 2025 BZ, Ref. RB | 5.25% | 05/15/2040 |  | 5000 | &nbsp;&nbsp; 5527849 |
| Vallejo (City of), CA; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003 A, RB | 6.00% | 09/01/2026 |  | 10 | &nbsp;&nbsp; 10052 |
| &nbsp;&nbsp;&nbsp; Series 2003 A, RB | 6.13% | 09/01/2034 |  | 30 | &nbsp;&nbsp; 30149 |
| Victor Elementary School District; Series 2015 B, GO Bonds | 5.00% | 08/01/2042 |  | 2925 | &nbsp;&nbsp; 2925486 |
| Victorville (City of), CA Redevelopment Agency; Series 2002 A, RB (INS - AGI)<sup>(a)</sup> <br>| 5.13% | 12/01/2031 |  | 20 | &nbsp;&nbsp; 20039 |
| &nbsp;&nbsp;&nbsp; Western Riverside (County of), CA Water & Wastewater Financing Authority; Series 2013 A-1, Ref. <br> RB<br>| 5.00% | 09/01/2025 |  | 2335 | &nbsp;&nbsp; 2338262 |
|  |  |  |  |  | &nbsp;&nbsp; 771791164 |
| **Puerto Rico–2.53%** | **Puerto Rico–2.53%** | **Puerto Rico–2.53%** | **Puerto Rico–2.53%** |  |  |
| Children's Trust Fund; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.50% | 05/15/2039 |  | 2595 | &nbsp;&nbsp; 2620033 |
| &nbsp;&nbsp;&nbsp; Series 2002, RB | 5.63% | 05/15/2043 |  | 335 | &nbsp;&nbsp; 338855 |
| PR Custodial Trust; Series 2003 A, GO<sup>(i)</sup> <br>| 0.00% | 03/15/2049 |  | 144 | &nbsp;&nbsp; 12517 |

---

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

**Invesco Limited Term California 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** |
| **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** | **Puerto Rico–(continued)** |  |  |
| PRHTA Custodial Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022 G, RB<sup>(g)</sup> <br>| 5.00% | 12/06/2049 |  | $19 | &nbsp;&nbsp; $3828 |
| &nbsp;&nbsp;&nbsp; Series 2022 L, RB<sup>(g)</sup> <br>| 5.25% | 12/06/2049 |  | 277 | &nbsp;&nbsp; 55565 |
| Puerto Rico (Commonwealth of); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021 A, GO Bonds<sup>(i)</sup> <br>| 0.00% | 07/01/2033 |  | 215 | &nbsp;&nbsp; 145655 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.38% | 07/01/2025 |  | 4422 | &nbsp;&nbsp; 4425004 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2027 |  | 184 | &nbsp;&nbsp; 189174 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.63% | 07/01/2029 |  | 181 | &nbsp;&nbsp; 190043 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 5.75% | 07/01/2031 |  | 176 | &nbsp;&nbsp; 188530 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2033 |  | 347 | &nbsp;&nbsp; 333836 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2035 |  | 150 | &nbsp;&nbsp; 141786 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2037 |  | 129 | &nbsp;&nbsp; 119067 |
| &nbsp;&nbsp;&nbsp; Series 2021 A-1, GO Bonds | 4.00% | 07/01/2041 |  | 175 | &nbsp;&nbsp; 150172 |
| &nbsp;&nbsp;&nbsp; Subseries 2022, RN<sup>(i)</sup> <br>| 0.00% | 11/01/2043 |  | 688 | &nbsp;&nbsp; 413394 |
| Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2021 B, RB<sup>(f)</sup> <br>| 5.00% | 07/01/2025 |  | 4060 | &nbsp;&nbsp; 4063585 |
| Puerto Rico (Commonwealth of) Electric Power Authority; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004 PP, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 07/01/2025 |  | 470 | &nbsp;&nbsp; 470002 |
| &nbsp;&nbsp;&nbsp; Series 2005 SS, Ref. RB (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 07/01/2025 |  | 25 | &nbsp;&nbsp; 25000 |
| Puerto Rico (Commonwealth of) GDB Debt Recovery Authority; Series 2023, RB | 7.50% | 08/20/2040 |  | 225 | &nbsp;&nbsp; 214082 |
| &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 09/30/2008-03/25/2024; Cost $222,955)<sup>(h)</sup> <br>| 6.63% | 01/01/2027 |  | 193 | &nbsp;&nbsp; 190951 |
| &nbsp;&nbsp;&nbsp; Series 2023 A, RB (Acquired 09/30/2008; Cost $1,750,721)<sup>(h)</sup> <br>| 6.63% | 01/01/2028 |  | 1472 | &nbsp;&nbsp; 1451650 |
| Puerto Rico Sales Tax Financing Corp.; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.50% | 07/01/2034 |  | 4057 | &nbsp;&nbsp; 4030010 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.55% | 07/01/2040 |  | 4 | &nbsp;&nbsp; 3816 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(i)</sup> <br>| 0.00% | 07/01/2046 |  | 5 | &nbsp;&nbsp; 1605 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB<sup>(i)</sup> <br>| 0.00% | 07/01/2051 |  | 5 | &nbsp;&nbsp; 1180 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 4.75% | 07/01/2053 |  | 4 | &nbsp;&nbsp; 3663 |
| &nbsp;&nbsp;&nbsp; Series 2018 A-1, RB | 5.00% | 07/01/2058 |  | 5 | &nbsp;&nbsp; 4698 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.54% | 07/01/2053 |  | 46 | &nbsp;&nbsp; 39861 |
| &nbsp;&nbsp;&nbsp; Series 2019 A-2, RB | 4.78% | 07/01/2058 |  | 620 | &nbsp;&nbsp; 555834 |
|  |  |  |  |  | &nbsp;&nbsp; 20383396 |
| **Guam–0.12%** | **Guam–0.12%** | **Guam–0.12%** | **Guam–0.12%** |  |  |
| Guam (Territory of); Series 2021 F, Ref. RB | 4.00% | 01/01/2042 |  | 1120 | &nbsp;&nbsp; 990493 |
| **Northern Mariana Islands–0.10%** | **Northern Mariana Islands–0.10%** | **Northern Mariana Islands–0.10%** | **Northern Mariana Islands–0.10%** |  |  |
| Northern Mariana Islands (Commonwealth of); Series 2007 A, Ref. GO Bonds<sup>(f)</sup> <br>| 5.00% | 06/01/2030 |  | 860 | &nbsp;&nbsp; 832480 |
| **Virgin Islands–0.04%** | **Virgin Islands–0.04%** | **Virgin Islands–0.04%** | **Virgin Islands–0.04%** |  |  |
| &nbsp;&nbsp;&nbsp; Virgin Islands (Government of) Public Finance Authority (Virgin Islands Gross Receipts Taxes Loan <br> Note);<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006, RN (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 10/01/2025 |  | 170 | &nbsp;&nbsp; 170444 |
| &nbsp;&nbsp;&nbsp; Series 2006, RN (INS - NATL)<sup>(a)</sup> <br>| 5.00% | 10/01/2026 |  | 125 | &nbsp;&nbsp; 125319 |
|  |  |  |  |  | &nbsp;&nbsp; 295763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $810,797,008) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $810,797,008) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $810,797,008) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Municipal Obligations (Cost $810,797,008) |  | &nbsp;&nbsp; 794293296 |
| **U.S. Dollar Denominated Bonds & Notes–0.02%** | **U.S. Dollar Denominated Bonds & Notes–0.02%** | **U.S. Dollar Denominated Bonds & Notes–0.02%** | **U.S. Dollar Denominated Bonds & Notes–0.02%** | **U.S. Dollar Denominated Bonds & Notes–0.02%** | **U.S. Dollar Denominated Bonds & Notes–0.02%** |
| **California–0.02%** | **California–0.02%** | **California–0.02%** | **California–0.02%** |  |  |
| CalPlant I LLC; Exit Facility<sup>(f)(j)</sup> <br>| 15.00% | 07/01/2025 |  | 725 | &nbsp;&nbsp; 142257 |
| **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** | **Puerto Rico–0.00%** |  |  |
| AES Puerto Rico, Inc.<sup>(j)</sup> <br>| 12.50% | 03/04/2026 |  | 48 | &nbsp;&nbsp; 46538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $772,500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $772,500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $772,500) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $772,500) |  | &nbsp;&nbsp; 188795 |
|  |  |  | **Shares** | **Shares** |  |
| **MuniFund Preferred Shares–0.25%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nuveen California AMT-Free Quality Municipal Income Fund <br>(Cost $2,000,000)<sup>(b)(f)</sup> <br>|  |  |  | 2000000 | &nbsp;&nbsp; 2000000 |

---

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

**Invesco Limited Term California Municipal Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Shares** | **Shares** | **Value** |
| **Preferred Stocks–0.00%** |  |  |  |
| &nbsp;&nbsp;&nbsp; AES Puerto Rico, Inc., Pfd. <br>(Cost $0)<sup>(j)</sup> <br>|  | 32378 | &nbsp;&nbsp; $0 |
| TOTAL INVESTMENTS IN SECURITIES<sup>(k)</sup>–98.70% (Cost $813,569,508) | TOTAL INVESTMENTS IN SECURITIES<sup>(k)</sup>–98.70% (Cost $813,569,508) |  | &nbsp;&nbsp; 796482091 |
| OTHER ASSETS LESS LIABILITIES–1.30% | OTHER ASSETS LESS LIABILITIES–1.30% |  | &nbsp;&nbsp; 10495007 |
| NET ASSETS–100.00% | NET ASSETS–100.00% |  | &nbsp;&nbsp; $806977098 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| AGI | – Assured Guaranty Inc. |
| AMBAC | – American Municipal Bond Assurance Corp. |
| BAM | – Build America Mutual Assurance Co. |
| CEP | – Credit Enhancement Provider |
| COP | – Certificates of Participation |
| Ctfs. | – Certificates |
| FGIC | – Financial Guaranty Insurance Company |
| FHLMC | – Federal Home Loan Mortgage Corp. |
| GO | – General Obligation |
| INS | – Insurer |
| NATL | – National Public Finance Guarantee Corp. |
| Pfd. | – Preferred |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| RN | – Revenue Notes |
| SGI | – Syncora Guarantee, Inc. |
| Sub. | – Subordinated |
| VRD | – Variable Rate Demand |

---

Notes to Schedule of Investments:

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

<sup>(b)</sup> Demand security payable upon demand by the Fund at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically by the issuer or agent based on current market conditions. Rate shown is the rate in effect on May 31, 2025. 

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

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

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

<sup>(f)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $87,862,789, which represented 10.89% of the Fund's Net Assets. 

<sup>(g)</sup> Defaulted security. Currently, the issuer is in default with respect to principal and/or interest payments. The aggregate value of these securities at May 31, 2025 was $59,439, which represented less than 1% of the Fund's Net Assets. 

<sup>(h)</sup> Restricted security. The aggregate value of these securities at May 31, 2025 was $1,642,647, which represented less than 1% of the Fund's Net Assets.

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

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

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

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 Limited Term California Municipal Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*May 31, 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 May 31, 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; $794293296 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $794293296 |
| MuniFund Preferred Shares | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 188795 | &nbsp;&nbsp;&nbsp;&nbsp; 188795 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 796293296 | &nbsp;&nbsp;&nbsp;&nbsp; 188795 | &nbsp;&nbsp;&nbsp;&nbsp; 796482091 |
| **Other Investments - Assets** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 47092 | &nbsp;&nbsp;&nbsp;&nbsp; 47102 |
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $796293306 | &nbsp;&nbsp;&nbsp;&nbsp; $235887 | &nbsp;&nbsp;&nbsp;&nbsp; $796529193 |

---

**Invesco Limited Term California 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 Limited Term California Municipal Fund

- **b. EDGAR series identifier (if any):** S000064642

- **c. LEI of Series:** 5493006P7NVHDN1ASG30

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

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

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $811351392.55

**Total Liabilities:** $2504619.29

**Net Assets:** $808846773.26

**Cash Not Reported:** $258227.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2331.46807044 | **1-Year:** -27000.28149199 | **5-Year:** -65728.12556537 | **10-Year:** -125241.23466192 | **30-Year:** -34509.04842911

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

- **3-Month:** -713.47319519 | **1-Year:** -8601.78516318 | **5-Year:** -24536.10001546 | **10-Year:** -32787.81688020 | **30-Year:** -8603.08006852

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209297 | -0.99%               | -0.35%               | -0.03%               |
| Class ID C000209295 | -0.76%               | -0.44%               | -0.11%               |
| Class ID C000209299 | -0.99%               | -0.35%               | -0.03%               |
| Class ID C000209294 | -0.69%               | -0.70%               | 0.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26131.57                | $-7510749.34                               |
| Month 2  | $-1250391.93             | $-3752954.03                               |
| Month 3  | $-714562.74              | $-941097.66                                |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays Municipal 5 Yr (4-6) Index

- **Index Identifier:** 100% BM-Securities only, 100% Bloomberg Barclays Municipal 5 Yr (4-6) Index

### Schedule of Portfolio Investments

| Name                                                                                                                                                   | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California (State of) Health Facilities Financing Authority (Sutter Health)                                                                            | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB                                                    | CUSIP: 13032UNT1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546010.10   | 0.19%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                                                            | California Educational Facilities Authority, Series 2015, RB                                                                                           | CUSIP: 130179YB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116023.06    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Financing Authority (Westlake and Regency Park)                                                                               | Sacramento (City of), CA Financing Authority (Westlake and Regency Park), Series 2013 A, Ref. RB                                                       | CUSIP: 785852AQ7<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |    455000 | PA      | $455337.29    | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (El Camino Hospital)                                                                       | California (State of) Health Facilities Financing Authority (El Camino Hospital), Series 2015 A, Ref. RB                                               | CUSIP: 13033L8H3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1755598.43   | 0.22%             | 2032-02-01      | 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        |      5000 | PA      | $1180.38      | 0.00%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.)                                                        | California (State of) County Tobacco Securitization Agency (Sonoma County Securitization Corp.), Series 2020, Ref. RB                                  | CUSIP: 13016NHA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $335140.83    | 0.04%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing)                                          | California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing), Series 2018, RB                         | CUSIP: 13049YCY5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2233172.81   | 0.28%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                  | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $338855.41    | 0.04%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Rancho Mirage (City of), CA (Reassessment District No. R22-85)                                                                                         | Rancho Mirage (City of), CA (Reassessment District No. R22-85), Series 2002, Ref. RB                                                                   | CUSIP: 752128LA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10056.61     | 0.00%             | 2026-09-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                            | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501014.95    | 0.06%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                          | Hemet Unified School District, Series 2021, Ref. RB                                                                                                    | CUSIP: 423540ES8<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    335000 | PA      | $334644.43    | 0.04%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                                               | Romoland School District Community Facilities No. 2004-1, Series 2013, RB                                                                              | CUSIP: 776192KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $440529.41    | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | 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        |    150093 | PA      | $141785.91    | 0.02%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                          | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2019 A, RB                                       | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996296.60    | 0.12%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                                                                           | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019, RB                                                          | CUSIP: 79766DLW7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5134561.00   | 0.63%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sutter & Butte (Counties of), CA Flood Agency                                                                                                          | Sutter & Butte (Counties of), CA Flood Agency, Series 2013, RB                                                                                         | CUSIP: 869398AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1466786.13   | 0.18%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                         | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1286128.00   | 0.16%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR39<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517399.55   | 0.19%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center)                                                            | Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center), Series 2012, Ref. RB                                      | CUSIP: 801687BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1171415.82   | 0.14%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (Community Facilities District No. 80)                                                                                           | Fontana (City of), CA (Community Facilities District No. 80), Series 2017, RB                                                                          | CUSIP: 344630SK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180392.96    | 0.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (The Gardens Phase One)                                                                                                          | Fontana (City of), CA (The Gardens Phase One), Series 2024, RB                                                                                         | CUSIP: 344630P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026867.40   | 0.13%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing)                                                 | California (State of) Statewide Communities Development Authority (Lancer Educational Student Housing), Series 2016, Ref. RB                           | CUSIP: 13080SNM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008434.00   | 0.62%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                             | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 A, RB                                          | CUSIP: 13032UUT3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3420804.04   | 0.42%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Financing Authority (Westlake and Regency Park)                                                                               | Sacramento (City of), CA Financing Authority (Westlake and Regency Park), Series 2013 A, Ref. RB                                                       | CUSIP: 785852AT1<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |    715000 | PA      | $715705.28    | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 2001, GO Bonds                                                                                                           | CUSIP: 13062T2Z6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5007.92      | 0.00%             | 2031-11-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1023924.39   | 0.13%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                                 | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2017, RB                                                | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $40.00        | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TQ89<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3464715.26   | 0.43%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                                | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2023, RB                                               | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   6930000 | PA      | $7272530.50   | 0.90%             | 2030-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                                             | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2018 A, RB                                                                          | CUSIP: 568061AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $350862.66    | 0.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redwood City (City of), CA (Community Facilities District No. 99-1)                                                                                    | Redwood City (City of), CA (Community Facilities District No. 99-1), Series 2012, Ref. RB                                                              | CUSIP: 757893DP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690731.33    | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Trinity Classical Academy)                                                                             | California (State of) Public Finance Authority (Trinity Classical Academy), Series 2019 A, RB                                                          | CUSIP: 13057KAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $574123.86    | 0.07%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                                             | Sacramento (County of), CA, Series 2016 B, Ref. RB                                                                                                     | CUSIP: 786107PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6560000 | PA      | $6573967.55   | 0.81%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (El Camino Hospital)                                                                       | California (State of) Health Facilities Financing Authority (El Camino Hospital), Series 2015 A, Ref. RB                                               | CUSIP: 13033L8J9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009517.20   | 0.37%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                         | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1236233.76   | 0.15%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                                                                            | California Educational Facilities Authority, Series 2015, RB                                                                                           | CUSIP: 130179YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1740142.71   | 0.22%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Victor Elementary School District                                                                                                                      | Victor Elementary School District, Series 2015 B, GO Bonds                                                                                             | CUSIP: 925836HG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2925485.55   | 0.36%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II)                                                  | California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II), Series 2016 A, Ref. RB                          | CUSIP: 13034AQU7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    910000 | PA      | $932907.43    | 0.12%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Pasadena (City of), CA                                                                                                                           | South Pasadena (City of), CA, Series 2016, Ref. RB                                                                                                     | CUSIP: 839287AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1132482.09   | 0.14%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (California Community Colleges)                                                                               | California (State of) Public Works Board (California Community Colleges), Series 2007 B, RB                                                            | CUSIP: 130685BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50093.46     | 0.01%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral City Apartments)                                         | California (State of) Statewide Communities Development Authority (Heritage Park at Cathedral City Apartments), Series 2002 NN-1, RB                   | CUSIP: 13077VY71<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    695000 | PA      | $695359.87    | 0.09%             | 2036-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority                                                                                                         | California (State of) School Finance Authority, Series 2024 A, RB                                                                                      | CUSIP: 13058TTF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2111019.19   | 0.26%             | 2043-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                                                 | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2024, RB                                                | CUSIP: 13059TJD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $345903.74    | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View (City of), CA                                                                                                                            | Mountain View (City of), CA, Series 2004 A, RB                                                                                                         | CUSIP: 624437AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10011.38     | 0.00%             | 2026-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency                                                                                             | California (State of) County Tobacco Securitization Agency, Series 2007 A, RB                                                                          | CUSIP: 13016NDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3592649.21   | 0.44%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Election of 2016)                                                                                                   | Riverside Unified School District (Election of 2016), Series 2019 B, GO Bonds                                                                          | CUSIP: 769059ZT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1485114.71   | 0.18%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (St. Mary's School - Aliso Viejo)                                                                    | California (State of) Municipal Finance Authority (St. Mary's School - Aliso Viejo), Series 2024, RB                                                   | CUSIP: 13051BAE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1055603.51   | 0.13%             | 2030-05-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                      | California (State of) Statewide Communities Development Authority, Series 2020 B, RB                                                                   | CUSIP: 13078YRA5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    115000 | PA      | $114953.63    | 0.01%             | 2025-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                   | AES PUERTO RICO Inc., Pfd.                                                                                                                             | CUSIP: 902DZT000<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |     32378 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center)                                                            | Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center), Series 2012, Ref. RB                                      | CUSIP: 801687BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $926064.77    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saugus Union School District Financing Authority                                                                                                       | Saugus Union School District Financing Authority, Series 2021 A, RB                                                                                    | CUSIP: 804238AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $633930.96    | 0.08%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                            | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1221852.24   | 0.15%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                             | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 A, RB                                          | CUSIP: 13033L4A2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700775.04    | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                          | Hemet Unified School District, Series 2021, Ref. RB                                                                                                    | CUSIP: 423540EN9<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    255000 | PA      | $257885.38    | 0.03%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                            | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 A, RB                                         | CUSIP: 130923BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1745818.00   | 0.22%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.)                                                   | California (State of) County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corp.), Series 2002 A, RB                                | CUSIP: 13016NAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165186.52    | 0.02%             | 2043-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Napa Valley Unified School District                                                                                                                    | Napa Valley Unified School District, Series 2016 C, Ref. GO Bonds                                                                                      | CUSIP: 630362BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305404.14    | 0.04%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cathedral (City of), CA Redevelopment Agency Successor Agency (Merged Redevelopment)                                                                   | Cathedral (City of), CA Redevelopment Agency Successor Agency (Merged Redevelopment), Series 2021 A, Ref. RB                                           | CUSIP: 14916YCV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198560.12    | 0.02%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290162.84    | 0.04%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA                                                                                                                             | Sacramento (County of), CA, Series 2018 C, Ref. RB                                                                                                     | CUSIP: 786107RW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6075968.40   | 0.75%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2005 SS, Ref. RB                                                                        | CUSIP: 74526QEU2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25000.12     | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Rocklin Academy (The))                                                                         | California (State of) Enterprise Development Authority (Rocklin Academy (The)), Series 2024, RB                                                        | CUSIP: 13069AAX6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512740.30    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Community Facilities District No. 3                                                                                            | San Diego (City of), CA Community Facilities District No. 3, Series 2013, Ref. RB                                                                      | CUSIP: 79727QBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $610803.25    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II)                                                  | California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II), Series 2016 A, Ref. RB                          | CUSIP: 13034AQS2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1545368.01   | 0.19%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                                                   | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2016 A, Ref. RB                                           | CUSIP: 13080SMT8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2932734.00   | 0.36%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manteca (City of), CA (Community Facilities District No. 2023-1)                                                                                       | Manteca (City of), CA (Community Facilities District No. 2023-1), Series 2024, RB                                                                      | CUSIP: 56453TAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $628727.79    | 0.08%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                     | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1834707.59   | 0.23%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (San Bernardino Municipal Water Department Water Facilities)                                         | California (State of) Municipal Finance Authority (San Bernardino Municipal Water Department Water Facilities), Series 2016, Ref. RB                   | CUSIP: 13050PAS5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1610066.29   | 0.20%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (John Muir Health)                                                                   | California (State of) Statewide Communities Development Authority (John Muir Health), Series 2024 A, Ref. RB                                           | CUSIP: 13080SS88<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3249041.49   | 0.40%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Bold Program)                                                                                       | California (State of) Municipal Finance Authority (Bold Program), Series 2021 A, RB                                                                    | CUSIP: 13051ABK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1200640.65   | 0.15%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redlands (City of), CA (Community Facilities District No. 2003-1 - Redlands Business Center)                                                           | Redlands (City of), CA (Community Facilities District No. 2003-1 - Redlands Business Center), Series 2004, RB                                          | CUSIP: 757560BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10048.08     | 0.00%             | 2033-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274218.09    | 0.03%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                          | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    176091 | PA      | $188529.63    | 0.02%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northern California Tobacco Securitization Authority                                                                                                   | Northern California Tobacco Securitization Authority, Series 2021 B-1, Ref. RB                                                                         | CUSIP: 888794BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $612788.22    | 0.08%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds)                                        | California (State of) Infrastructure & Economic Development Bank (Brightline West Passenger Rail) (Green Bonds), Series 2025 B, Ref. RB                | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1938543.40   | 0.24%             | 2035-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                          | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6558464.25   | 0.81%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.)                                         | California (State of) County Tobacco Securitization Agency (Alameda County Tobacco Asset Securitization Corp.), Series 2002, RB                        | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4110000 | PA      | $4141101.60   | 0.51%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes)                                                                    | Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes), Series 2013, Ref. RB                                              | CUSIP: 901047EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $517240.66    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Area Flood Control Agency (Natomas Basin Local Assessment District)                                                           | Sacramento (City of), CA Area Flood Control Agency (Natomas Basin Local Assessment District), Series 2014, RB                                          | CUSIP: 785840HD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1901548.31   | 0.24%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                      | California (State of) Statewide Communities Development Authority, Series 2024, RB                                                                     | CUSIP: 13077ERH5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $397514.60    | 0.05%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre)                                                       | Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre), Series 2013 A, Ref. RB                               | CUSIP: 675361GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $660841.24    | 0.08%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Virgin Islands Gross Receipts Taxes Loan Note)                                                | Virgin Islands (Government of) Public Finance Authority (Virgin Islands Gross Receipts Taxes Loan Note), Series 2006, RN                               | CUSIP: 927676MW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170444.07    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Truckee Unified School District                                                                                                                  | Tahoe-Truckee Unified School District, Series 2016 B, GO Bonds                                                                                         | CUSIP: 873884NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3053697.00   | 0.38%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                     | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033789.80   | 0.25%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA (Community Facilities District No. 2014-2)                                                                                  | Sacramento (County of), CA (Community Facilities District No. 2014-2), Series 2021, RB                                                                 | CUSIP: 786153RB4<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |    650000 | PA      | $556341.50    | 0.07%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                       | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150980.94    | 0.02%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College)                                | California (State of) Community College Financing Authority (NCCD - Orange Coast Properties LLC - Orange Coast College), Series 2018, RB               | CUSIP: 13012RAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $623376.36    | 0.08%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy (City of), CA Community Facilities District No. 93-1 (I-205 Parcel GL-17)                                                                        | Tracy (City of), CA Community Facilities District No. 93-1 (I-205 Parcel GL-17), Series 1996 A, RB                                                     | CUSIP: 892376DS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10069.33     | 0.00%             | 2026-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PR Custodial Trust                                                                                                                                     | PR Custodial Trust, Series 2003 A, GO                                                                                                                  | CUSIP: 69376GAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    144387 | PA      | $12516.74     | 0.00%             | 2049-03-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (NorthBay Healthcare Group)                                                                          | California (State of) Municipal Finance Authority (NorthBay Healthcare Group), Series 2017 A, RB                                                       | CUSIP: 13048TN58<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010199.70   | 0.12%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (Segerstrom Center for the Arts)                                                      | California (State of) Infrastructure & Economic Development Bank (Segerstrom Center for the Arts), Series 2016, Ref. RB                                | CUSIP: 13034ALD0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5096812.00   | 0.63%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (City of Hope)                                                                             | California (State of) Health Facilities Financing Authority (City of Hope), Series 2012 A, RB                                                          | CUSIP: 13033LM95<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4279985.51   | 0.53%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports (Los Angeles International Airport)                                                                   | Los Angeles (City of), CA Department of Airports (Los Angeles International Airport), Series 2018 D, Ref. RB                                           | CUSIP: 544445GN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9452452.50   | 1.17%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II)                                                  | California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II), Series 2016 A, Ref. RB                          | CUSIP: 13034AQW3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    910000 | PA      | $931091.53    | 0.12%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Clemente (City of), CA                                                                                                                             | San Clemente (City of), CA, Series 2021, Ref. RB                                                                                                       | CUSIP: 797214CM3<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100542.76    | 0.01%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CDC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $125678.40    | 0.02%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beaumont (City of), CA Financing Authority (Improvement Area No. 19A)                                                                                  | Beaumont (City of), CA Financing Authority (Improvement Area No. 19A), Series 2015 B, Ref. RB                                                          | CUSIP: 074406SB6<br>LEI: 549300T48VOR8NYFNT88 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260932.20    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Barbara (County of), CA                                                                                                                          | Santa Barbara (County of), CA, Series 2018 B, COP                                                                                                      | CUSIP: 80136PCW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7695000 | PA      | $7863889.86   | 0.97%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing)                                          | California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing), Series 2018, RB                         | CUSIP: 13049YDC2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1974974.95   | 0.24%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 1996, GO Bonds                                                                                                           | CUSIP: 13062TM92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20244.84     | 0.00%             | 2026-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (Community Facilities District No. 80)                                                                                           | Fontana (City of), CA (Community Facilities District No. 80), Series 2017, RB                                                                          | CUSIP: 344630SG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $296577.35    | 0.04%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peninsula Corridor Joint Powers Board                                                                                                                  | Peninsula Corridor Joint Powers Board, Series 2019 A, Ref. RB                                                                                          | CUSIP: 707120CQ2<br>LEI: 549300EWZ3063STMF882 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4025038.80   | 0.50%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (City of), CA (Riverwalk Business Center Assessment District)                                                                                | Riverside (City of), CA (Riverwalk Business Center Assessment District), Series 2004, RB                                                               | CUSIP: 769003LG7<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201488.74    | 0.02%             | 2029-09-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Huntington Beach (City of), CA (Community Facilities District No. 2002-1 - Improvement Area A - McDonnell Centre Business Park)                        | Huntington Beach (City of), CA (Community Facilities District No. 2002-1 - Improvement Area A - McDonnell Centre Business Park), Series 2002 A, RB     | CUSIP: 446188CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15110.57     | 0.00%             | 2027-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                       | Los Angeles (City of), CA Department of Airports, Series 2017, Sub. RB                                                                                 | CUSIP: 544445CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16580000 | PA      | $16576032.41  | 2.05%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1)                                                                            | Roseville (City of), CA (Amoruso Ranch Community Facilities District No. 1), Series 2024, RB                                                           | CUSIP: 7778706N1<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    700000 | PA      | $690563.86    | 0.09%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tracy (City of), CA Community Facilities District No. 93-1 (I-205 Parcel GL-17)                                                                        | Tracy (City of), CA Community Facilities District No. 93-1 (I-205 Parcel GL-17), Series 2002, RB                                                       | CUSIP: 892376MG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25047.23     | 0.00%             | 2032-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                         | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6320000 | PA      | $5200822.80   | 0.64%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (American Heritage Education Foundation)                                                             | California (State of) Municipal Finance Authority (American Heritage Education Foundation), Series 2016 A, Ref. RB                                     | CUSIP: 13049AAF0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004390.60   | 0.12%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Riverside (County of), CA Water & Wastewater Financing Authority                                                                               | Western Riverside (County of), CA Water & Wastewater Financing Authority, Series 2013 A-1, Ref. RB                                                     | CUSIP: 95942TEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2338262.46   | 0.29%             | 2025-09-01      | Fixed         | 5.00%                 | 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        |    181295 | PA      | $190043.43    | 0.02%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority                                                                                      | California (State of) Statewide Communities Development Authority, Series 2020 B, RB                                                                   | CUSIP: 13078YRB3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    115000 | PA      | $115067.72    | 0.01%             | 2026-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                           | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFU8<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268123.60    | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA Joint Powers Financing Authority (Master Lease)                                                                                   | Fresno (City of), CA Joint Powers Financing Authority (Master Lease), Series 2017 A, Ref. RB                                                           | CUSIP: 358184PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515154.15    | 0.06%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 2023, Ref. GO Bonds                                                                                                      | CUSIP: 13063D4S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5159086.50   | 0.64%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Community Facilities District No. 3                                                                                            | San Diego (City of), CA Community Facilities District No. 3, Series 2013, Ref. RB                                                                      | CUSIP: 79727QBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545618.85    | 0.07%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                                | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $459650.08    | 0.06%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara (County of), CA Housing Authority                                                                                                          | Santa Clara (County of), CA Housing Authority, Series 2001 A, RB                                                                                       | CUSIP: 801617DY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1227548.12   | 0.15%             | 2031-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                           | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFV6<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    265000 | PA      | $284313.73    | 0.04%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                               | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 D, RB                                                            | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7346480.40   | 0.91%             | 2028-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| San Clemente (City of), CA                                                                                                                             | San Clemente (City of), CA, Series 2021, Ref. RB                                                                                                       | CUSIP: 797214CR2<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100428.44    | 0.01%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $314450.70    | 0.04%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA Financing Authority (Westlake and Regency Park)                                                                               | Sacramento (City of), CA Financing Authority (Westlake and Regency Park), Series 2013 A, Ref. RB                                                       | CUSIP: 785852AN4<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850714.51    | 0.11%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300720.03    | 0.04%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                                                                 | California Statewide Communities Development Authority, Series 2024, RB                                                                                | CUSIP: 13080ST38<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3879036.04   | 0.48%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (TEACH Public Schools)                                                                                  | California (State of) School Finance Authority (TEACH Public Schools), Series 2019 A, RB                                                               | CUSIP: 13058THK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $715948.30    | 0.09%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Bernardino (County of), CA Redevelopment Agency Successor Agency (San Sevaine Redevelopment)                                                       | San Bernardino (County of), CA Redevelopment Agency Successor Agency (San Sevaine Redevelopment), Series 2016 B, Ref. RB                               | CUSIP: 79687DBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $286551.26    | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                             | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870J80<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    275000 | PA      | $270388.55    | 0.03%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                                                                | Bay Area Toll Authority, Series 2024 H, VRD RB                                                                                                         | CUSIP: 072024C59<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12500000.00  | 1.55%             | 2059-04-01      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                         | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2015, Ref. RB                   | CUSIP: 13080SHQ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3522620.52   | 0.44%             | 2035-09-02      | Fixed         | 5.00%                 | 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), Seri | CUSIP: 74528KAA1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    193022 | PA      | $190951.14    | 0.02%             | 2027-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                       | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1313158.10   | 0.16%             | 2037-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Madera (County of), CA (Valley Children's Hospital)                                                                                                    | Madera (County of), CA (Valley Children's Hospital), Series 1995, COP                                                                                  | CUSIP: 556902BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $299422.54    | 0.04%             | 2028-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center)                                                          | Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center), Series 2013, Ref. RB                                    | CUSIP: 446188EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201156.68   | 0.15%             | 2033-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                                               | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069L94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494393.90    | 0.06%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA (Fallen Leaves Apartments)                                                                                                      | San Jose (City of), CA (Fallen Leaves Apartments), Series 2002 J-1, RB                                                                                 | CUSIP: 798165HV1<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3179843.23   | 0.39%             | 2032-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority (Clean Energy)                                                                                              | Southern California Public Power Authority (Clean Energy), Series 2024 A, RB                                                                           | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   8140000 | PA      | $8441974.46   | 1.04%             | 2030-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                                                                  | Children's Trust Fund, Series 2002, RB                                                                                                                 | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2620032.67   | 0.32%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                  | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |      4000 | PA      | $3816.10      | 0.00%             | 2040-07-01      | Fixed         | 4.55%                 | 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        |    346981 | PA      | $333835.87    | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Electric Power Authority                                                                                                 | Puerto Rico (Commonwealth of) Electric Power Authority, Series 2004 PP, Ref. RB                                                                        | CUSIP: 74526QCN0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    470000 | PA      | $470002.26    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oxnard (City of), CA Financing Authority                                                                                                               | Oxnard (City of), CA Financing Authority, Series 2014, Ref. RB                                                                                         | CUSIP: 691878BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251524.00   | 0.15%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Northern California Presbyterian Homes & Services, Inc.)                                  | California (State of) Health Facilities Financing Authority (Northern California Presbyterian Homes & Services, Inc.), Series 2015, Ref. RB            | CUSIP: 13033L7N1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2300514.97   | 0.28%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore (City of), CA (Nichols Ranch)                                                                                                            | Lake Elsinore (City of), CA (Nichols Ranch), Series 2024, RB                                                                                           | CUSIP: 50963NWG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513433.70    | 0.06%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301446.06    | 0.04%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Waste Management, Inc.)                                                                   | California (State of) Pollution Control Financing Authority (Waste Management, Inc.), Series 2002 C, RB                                                | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3022268.40   | 0.37%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                                  | Los Angeles (City of), CA Department of Water & Power, Series 2017 A, RB                                                                               | CUSIP: 544495Z64<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003360.50   | 0.62%             | 2042-07-01      | Fixed         | 5.00%                 | 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        |     46000 | PA      | $39861.26     | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (San Diego County Water Authority)                                                         | California (State of) Pollution Control Financing Authority (San Diego County Water Authority), Series 2019, Ref. RB                                   | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512999.45   | 0.19%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA                                                                                                                                 | San Jose (City of), CA, Series 2017 A, Ref. RB                                                                                                         | CUSIP: 798136VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004618.10   | 0.12%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                                                                    | California School Finance Authority, Series 2025, RN                                                                                                   | CUSIP: 13058TVG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503469.75   | 0.31%             | 2026-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                          | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 A, RB                                       | CUSIP: 79773NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424765.12    | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 1996, GO Bonds                                                                                                           | CUSIP: 13063AAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10122.42     | 0.00%             | 2026-06-01      | Fixed         | 5.38%                 | 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        |    225145 | PA      | $214082.30    | 0.03%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Rocklin Academy (The))                                                                         | California (State of) Enterprise Development Authority (Rocklin Academy (The)), Series 2024, RB                                                        | CUSIP: 13069AAY4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    750000 | PA      | $721492.88    | 0.09%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)                                                        | California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group), Series 2024 A, RB                                     | CUSIP: 13069ABC1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2196701.25   | 0.27%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands (Government of) Public Finance Authority (Virgin Islands Gross Receipts Taxes Loan Note)                                                | Virgin Islands (Government of) Public Finance Authority (Virgin Islands Gross Receipts Taxes Loan Note), Series 2006, RN                               | CUSIP: 927676MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125319.13    | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                           | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFT1<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    240000 | PA      | $257826.29    | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                            | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002, RB                                           | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765691.05    | 0.09%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II)                                                  | California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II), Series 2016 A, Ref. RB                          | CUSIP: 13034AQV5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    740000 | PA      | $757770.95    | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                          | Hemet Unified School District, Series 2021, Ref. RB                                                                                                    | CUSIP: 423540EW9<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    200000 | PA      | $193926.42    | 0.02%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CDD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $128889.33    | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (Various Capital)                                                                                             | California (State of) Public Works Board (Various Capital), Series 2024, Ref. RB                                                                       | CUSIP: 13068XMF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1628445.60   | 0.20%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority                                                                                                            | Burbank-Glendale-Pasadena Airport Authority, Series 2024 B, RB                                                                                         | CUSIP: 120827EA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111154.20   | 0.38%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rancho Cucamonga (City of), CA (Community Facilities District No. 2003-01 - Improvement Area No. 1)                                                    | Rancho Cucamonga (City of), CA (Community Facilities District No. 2003-01 - Improvement Area No. 1), Series 2013, Ref. RB                              | CUSIP: 752117PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202776.38    | 0.03%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development)                                                        | Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development), Series 2014, Ref. RB                                  | CUSIP: 435647AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1677476.32   | 0.21%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (HTH Learning)                                                                                          | California (State of) School Finance Authority (HTH Learning), Series 2017 A, Ref. RB                                                                  | CUSIP: 13059TED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1721640.80   | 0.21%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                                                                                        | Central Valley Energy Authority, Series 2025, RB                                                                                                       | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5233663.50   | 0.65%             | 2035-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                                           | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024 F, RB                                                        | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15881199.00  | 1.96%             | 2032-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda (County of), CA Redevelopment Successor Agency (Eden Area Redevelopment)                                                                       | Alameda (County of), CA Redevelopment Successor Agency (Eden Area Redevelopment), Series 2006 A, RB                                                    | CUSIP: 011113AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.78     | 0.00%             | 2030-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA (Community Facilities District No. 6)                                                                                         | Long Beach (City of), CA (Community Facilities District No. 6), Series 2002, RB                                                                        | CUSIP: 54243ECF8<br>LEI: 549300XH3OUOL3JO1O51 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15031.99     | 0.00%             | 2026-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                                | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $311662.65    | 0.04%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center)                                                          | Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center), Series 2013, Ref. RB                                    | CUSIP: 446188EL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1116537.03   | 0.14%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                         | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $904040.28    | 0.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                          | California (State of) Municipal Finance Authority (Linxs APM), Series 2018 A, RB                                                                       | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8385000 | PA      | $8498811.28   | 1.05%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                                               | Romoland School District Community Facilities No. 2004-1, Series 2013, RB                                                                              | CUSIP: 776192LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500590.35    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $292454.13    | 0.04%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA (Bayshore Hester Assessment District No. 95-1)                                                                    | San Francisco (City & County of), CA (Bayshore Hester Assessment District No. 95-1), Series 1996, RB                                                   | CUSIP: 79765EBE7<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10256.88     | 0.00%             | 2026-09-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development)                                | Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development), Series 2024, Ref. RB          | CUSIP: 76912TNZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119752.80   | 0.14%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center)                                                            | Santa Clarita (City of), CA Community Facilities District No. 2002-1 (Valencia Town Center), Series 2012, Ref. RB                                      | CUSIP: 801687BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $785962.41    | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $172990.36    | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California University of Science and Medicine)                                                         | California (State of) Public Finance Authority (California University of Science and Medicine), Series 2019 A, RB                                      | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12900000 | PA      | $13218780.93  | 1.63%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                     | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11105000 | PA      | $10566027.71  | 1.31%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adelanto (City of), CA Public Financing Authority                                                                                                      | Adelanto (City of), CA Public Financing Authority, Series 1996 B, RB                                                                                   | CUSIP: 00679PCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $785978.31    | 0.10%             | 2028-09-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Roseville Joint Union High School District (Election of 2016)                                                                                          | Roseville Joint Union High School District (Election of 2016), Series 2017 A, GO Bonds                                                                 | CUSIP: 777849QW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9225028.00   | 1.14%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Classical Academies Oceanside)                                                                         | California (State of) School Finance Authority (Classical Academies Oceanside), Series 2017 A, Ref. RB                                                 | CUSIP: 13058TGH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1301375.92   | 0.16%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                         | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1522410.66   | 0.19%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Islands (Commonwealth of)                                                                                                             | Northern Mariana Islands (Commonwealth of), Series 2007 A, Ref. GO Bonds                                                                               | CUSIP: 66537EAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $832480.34    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority                                                                                               | Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority, Series 2021 B, RB                                                                            | CUSIP: 745160TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4063584.57   | 0.50%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (NorthBay Healthcare Group)                                                                          | California (State of) Municipal Finance Authority (NorthBay Healthcare Group), Series 2015, RB                                                         | CUSIP: 13048TVD2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    440000 | PA      | $440117.61    | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.)                                                                  | California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.), Series 2023, RB                                                 | CUSIP: 13054WBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034594.00   | 0.13%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (NorthBay Healthcare Group)                                                                          | California (State of) Municipal Finance Authority (NorthBay Healthcare Group), Series 2015, RB                                                         | CUSIP: 13048TVE0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1099988.34   | 0.14%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community College Financing Authority (Grossmont-Cuyamaca Community College District, Palomar Community College District & Shast | California (State of) Community College Financing Authority (Grossmont-Cuyamaca Community College District, Palomar Community College District & Shast | CUSIP: 13012EKC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151074.42    | 0.02%             | 2026-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $307766.51    | 0.04%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                                  | Los Angeles (City of), CA Department of Water & Power, Series 2023 C-1, VRD RB                                                                         | CUSIP: 544532HC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.49%             | 2057-07-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Community Facilities District No. 3                                                                                            | San Diego (City of), CA Community Facilities District No. 3, Series 2013, Ref. RB                                                                      | CUSIP: 79727QBY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $720740.59    | 0.09%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR62<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4022108.80   | 0.50%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority                                                                                                            | Burbank-Glendale-Pasadena Airport Authority, Series 2024 B, RB                                                                                         | CUSIP: 120827DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2368362.38   | 0.29%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oxnard (City of), CA Financing Authority                                                                                                               | Oxnard (City of), CA Financing Authority, Series 2014, Ref. RB                                                                                         | CUSIP: 691878BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002581.20   | 0.25%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $241003.66    | 0.03%             | 2030-09-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Heights Christian Schools)                                                                     | California (State of) Enterprise Development Authority (Heights Christian Schools), Series 2023 A, RB                                                  | CUSIP: 13068WAE1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   4690000 | PA      | $4451057.16   | 0.55%             | 2043-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (El Camino Hospital)                                                                       | California (State of) Health Facilities Financing Authority (El Camino Hospital), Series 2015 A, Ref. RB                                               | CUSIP: 13033L8M2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200808.60   | 0.64%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.)                                                                           | California (State of) Municipal Finance Authority (Eskaton Properties, Inc.), Series 2024, Ref. RB                                                     | CUSIP: 13048VZ84<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2860929.61   | 0.35%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR54<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3778555.13   | 0.47%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Sutter Health)                                                                            | California (State of) Health Facilities Financing Authority (Sutter Health), Series 2017 A, Ref. RB                                                    | CUSIP: 13032UNQ7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1873207.98   | 0.23%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sutter & Butte (Counties of), CA Flood Agency                                                                                                          | Sutter & Butte (Counties of), CA Flood Agency, Series 2013, RB                                                                                         | CUSIP: 869398AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $415313.95    | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                              | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002725.50   | 0.62%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.)                                                       | California (State of) County Tobacco Securitization Agency (Fresno County Tobacco Funding Corp.), Series 2002, RB                                      | CUSIP: 13016NBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $661009.60    | 0.08%             | 2035-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Escuela Popular)                                                                                       | California (State of) School Finance Authority (Escuela Popular), Series 2017, RB                                                                      | CUSIP: 13059THP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $443013.05    | 0.05%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                                               | Romoland School District Community Facilities No. 2004-1, Series 2013, RB                                                                              | CUSIP: 776192KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365388.40    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Clemente (City of), CA                                                                                                                             | San Clemente (City of), CA, Series 2021, Ref. RB                                                                                                       | CUSIP: 797214CN1<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101057.60    | 0.01%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98964.18     | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (California Crosspoint Academy)                                                                         | California (State of) Public Finance Authority (California Crosspoint Academy), Series 2020 A, RB                                                      | CUSIP: 13057KAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1087203.93   | 0.13%             | 2030-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.)                                                                  | California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.), Series 2023, RB                                                 | CUSIP: 13054WBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040046.10   | 0.13%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vallejo (City of), CA                                                                                                                                  | Vallejo (City of), CA, Series 2003 A, RB                                                                                                               | CUSIP: 91919TAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30148.77     | 0.00%             | 2034-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 1997, GO Bonds                                                                                                           | CUSIP: 13063APU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15024.93     | 0.00%             | 2027-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)                                                              | California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center), Series 2015, Ref. RB                                        | CUSIP: 13032UBG2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1759159.50   | 0.22%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Enso Village) (Green Bonds)                                                                            | California (State of) Public Finance Authority (Enso Village) (Green Bonds), Series 2021, RB                                                           | CUSIP: 13057GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2355400.34   | 0.29%             | 2029-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $284567.94    | 0.04%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sutter & Butte (Counties of), CA Flood Agency                                                                                                          | Sutter & Butte (Counties of), CA Flood Agency, Series 2013, RB                                                                                         | CUSIP: 869398AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300397.68    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sutter & Butte (Counties of), CA Flood Agency                                                                                                          | Sutter & Butte (Counties of), CA Flood Agency, Series 2013, RB                                                                                         | CUSIP: 869398AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1491674.91   | 0.18%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                                                 | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2024, RB                                                | CUSIP: 13059TJC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $331571.32    | 0.04%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1)                                                            | South Tahoe Joint Powers Financing Authority (South Tahoe Redevelopment Project Area No. 1), Series 2014, Ref. RB                                      | CUSIP: 84049BHK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499976.95    | 0.06%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Humangood - California Obligated Group)                                                             | California (State of) Municipal Finance Authority (Humangood - California Obligated Group), Series 2019 A, Ref. RB                                     | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4981116.00   | 0.62%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico (Commonwealth of)                                                                                                                          | Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds                                                                                               | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4421861 | PA      | $4425004.06   | 0.55%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                                                                                                 | Los Angeles Unified School District/CA, Series 2025, GO Bonds                                                                                          | CUSIP: 544647KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5315865.50   | 0.66%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista (City of), CA Municipal Financing Authority                                                                                                | Chula Vista (City of), CA Municipal Financing Authority, Series 2015 B, Ref. RB                                                                        | CUSIP: 17131DAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506632.25   | 0.19%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CCU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100634.81    | 0.01%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sutter & Butte (Counties of), CA Flood Agency                                                                                                          | Sutter & Butte (Counties of), CA Flood Agency, Series 2013, RB                                                                                         | CUSIP: 869398AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700875.70    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre)                                                       | Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre), Series 2013 A, Ref. RB                               | CUSIP: 675361GH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $780933.35    | 0.10%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                       | Los Angeles (City of), CA Department of Airports, Series 2018 C, RB                                                                                    | CUSIP: 544445GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1781040.02   | 0.22%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $163650.33    | 0.02%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program)                                                            | California (State of) Statewide Financing Authority (Pooled Tobacco Securitization Program), Series 2002 B, RB                                         | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751673.33    | 0.09%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRHTA Custodial Trust                                                                                                                                  | PRHTA Custodial Trust, Series 2022 L, RB                                                                                                               | CUSIP: 69379LAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    276414 | PA      | $55564.56     | 0.01%             | 2049-12-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231077.53    | 0.03%             | 2029-09-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District                                                                                                                           | Imperial Irrigation District, Series 2016 B-2, Ref. RB                                                                                                 | CUSIP: 452650JA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5455000 | PA      | $5481756.23   | 0.68%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                                 | California Municipal Finance Authority, Series 2024, RB                                                                                                | CUSIP: 13048VZ43<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1482350.91   | 0.18%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Victorville (City of), CA Redevelopment Agency                                                                                                         | Victorville (City of), CA Redevelopment Agency, Series 2002 A, RB                                                                                      | CUSIP: 926433DB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20039.48     | 0.00%             | 2031-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Aspire Public Schools Obligated Group)                                                                 | California (State of) School Finance Authority (Aspire Public Schools Obligated Group), Series 2020 A, RB                                              | CUSIP: 13058TKB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2966442.60   | 0.37%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District                                                                                                                           | Imperial Irrigation District, Series 2017, Ref. RB                                                                                                     | CUSIP: 452650KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6070000 | PA      | $6043780.03   | 0.75%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing)                                          | California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing), Series 2018, RB                         | CUSIP: 13049YDA6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1317341.34   | 0.16%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TQ97<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3555717.20   | 0.44%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                           | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFW4<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    525000 | PA      | $541496.87    | 0.07%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent Cities Finance Authority                                                                                                                   | Independent Cities Finance Authority, Series 2014 A, Ref. RB                                                                                           | CUSIP: 45385LEG4<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100020.67    | 0.01%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Palm Springs Unified School District                                                                                                                   | Palm Springs Unified School District, Series 2014, Ref. GO Bonds                                                                                       | CUSIP: 6966672T0<br>LEI: 549300VO66CCEHGE5291 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1155028.41   | 0.14%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development)                                | Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development), Series 2024, Ref. RB          | CUSIP: 76912TPA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109518.10   | 0.14%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara (County of), CA Housing Authority                                                                                                          | Santa Clara (County of), CA Housing Authority, Series 2010 A-1, RB                                                                                     | CUSIP: 801617EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $3976476.71   | 0.49%             | 2027-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2517258.71   | 0.31%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre)                                                       | Oceanside (City of), CA (Community Facilities District No. 200-1 - Ocean Ranch Corporate Centre), Series 2013 A, Ref. RB                               | CUSIP: 675361GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $720925.20    | 0.09%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Southern California Water Co.)                                                            | California (State of) Pollution Control Financing Authority (Southern California Water Co.), Series 1996 A, RB                                         | CUSIP: 130540AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1050239.60   | 0.13%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                                 | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2313738.90   | 0.29%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                                                                                              | Golden State Tobacco Securitization Corp., Series 2017 A-1, Ref. RB                                                                                    | CUSIP: 38122NZB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1927818.40   | 0.24%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Simi Valley (City of), CA Community Development Agency (Merged Tapo Canyon & West End Community Development)                                           | Simi Valley (City of), CA Community Development Agency (Merged Tapo Canyon & West End Community Development), Series 2003, Ref. RB                     | CUSIP: 82863QCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25047.35     | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                  | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |      5000 | PA      | $1605.17      | 0.00%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Front Porch Communities & Services)                                                 | California (State of) Statewide Communities Development Authority (Front Porch Communities & Services), Series 2017 A, Ref. RB                         | CUSIP: 13080SRV8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    175000 | PA      | $178868.55    | 0.02%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (California Community Colleges)                                                                               | California (State of) Public Works Board (California Community Colleges), Series 2004 B, RB                                                            | CUSIP: 130684MN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15000.00     | 0.00%             | 2025-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215926.20    | 0.03%             | 2027-09-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA Joint Powers Financing Authority (Master Lease)                                                                                   | Fresno (City of), CA Joint Powers Financing Authority (Master Lease), Series 2017 A, Ref. RB                                                           | CUSIP: 358184PT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031804.00   | 0.13%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                                                                | Los Angeles Department of Water & Power, Series 2002, RB                                                                                               | CUSIP: 544495DV3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16000000.00  | 1.98%             | 2035-07-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Saugus Union School District Financing Authority                                                                                                       | Saugus Union School District Financing Authority, Series 2021 A, RB                                                                                    | CUSIP: 804238AW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $244047.60    | 0.03%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.)                                                                  | California (State of) Pollution Control Financing Authority (Poseidon Resources L.P.), Series 2023, RB                                                 | CUSIP: 13054WBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4097837.60   | 0.51%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                          | Hemet Unified School District, Series 2021, Ref. RB                                                                                                    | CUSIP: 423540EL3<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226221.21    | 0.03%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oxnard (City of), CA Financing Authority                                                                                                               | Oxnard (City of), CA Financing Authority, Series 2014, Ref. RB                                                                                         | CUSIP: 691878BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501816.95   | 0.19%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment)                                                                               | San Diego (City of), CA Redevelopment Agency (Centre City Redevelopment), Series 2003 B, RB                                                            | CUSIP: 797300YU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40055.46     | 0.00%             | 2026-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                                  | Los Angeles (City of), CA Department of Water & Power, Series 2023 C-2, VRD RB                                                                         | CUSIP: 544532HE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15000000.00  | 1.85%             | 2055-07-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 2000, GO Bonds                                                                                                           | CUSIP: 13062TU44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10020.70     | 0.00%             | 2026-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| San Clemente (City of), CA                                                                                                                             | San Clemente (City of), CA, Series 2021, Ref. RB                                                                                                       | CUSIP: 797214CP6<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101315.28    | 0.01%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TQ71<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064979.40   | 0.38%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                          | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 A, RB                                       | CUSIP: 79766DRK7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3588690.60   | 0.44%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development)                                                        | Hollister (City of), CA Redevelopment Agency Successor Agency (Hollister Community Development), Series 2014, Ref. RB                                  | CUSIP: 435647AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1306815.39   | 0.16%             | 2032-10-01      | Fixed         | 5.00%                 | 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        |    175145 | PA      | $150172.02    | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2004-1                                                                                               | Romoland School District Community Facilities No. 2004-1, Series 2013, RB                                                                              | CUSIP: 776192LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $405497.95    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Election of 2016)                                                                                                   | Riverside Unified School District (Election of 2016), Series 2019 B, GO Bonds                                                                          | CUSIP: 769059A63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2248041.42   | 0.28%             | 2040-08-01      | Fixed         | 3.00%                 | 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), Seri | CUSIP: 74528KAB9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1472145 | PA      | $1451649.65   | 0.18%             | 2028-01-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                                                    | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                                   | CUSIP: 13049YCU3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6385000 | PA      | $6701738.78   | 0.83%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (California Community Colleges)                                                                               | California (State of) Public Works Board (California Community Colleges), Series 2007 B, RB                                                            | CUSIP: 130685BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5005.20      | 0.00%             | 2026-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                                                                                               | Nuveen California AMT-Free Quality Municipal Income Fund                                                                                               | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.25%             | 2025-06-06      | Variable      | 2.42%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA                                                                                                                               | Long Beach (City of), CA, Series 2017 A, RB                                                                                                            | CUSIP: 542424VC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16080000 | PA      | $16210021.27  | 2.00%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downey (City of), CA Community Development Commission (Downey Redevelopment)                                                                           | Downey (City of), CA Community Development Commission (Downey Redevelopment), Series 1997, Ref. RB                                                     | CUSIP: 260883BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25057.07     | 0.00%             | 2028-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                                | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $584817.18    | 0.07%             | 2040-12-01      | Fixed         | 4.00%                 | 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        |      5000 | PA      | $4697.78      | 0.00%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251073.98    | 0.03%             | 2031-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Water & Power                                                                                                  | Los Angeles (City of), CA Department of Water & Power, Series 2017 C, RB                                                                               | CUSIP: 5444953Q5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   5525000 | PA      | $5529898.47   | 0.68%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                                | California (State of) Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                               | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2572064.00   | 0.32%             | 2032-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (City of), CA (Community Facilities District No. 2006-1)                                                                                     | Riverside (City of), CA (Community Facilities District No. 2006-1), Series 2013, RB                                                                    | CUSIP: 769053DR7<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500467.50    | 0.06%             | 2043-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center)                                                          | Huntington Beach (City of), CA (Community Facilities District No. 2003-1 - Huntington Center), Series 2013, Ref. RB                                    | CUSIP: 446188EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1056340.91   | 0.13%             | 2025-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $293894.95    | 0.04%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205845.58    | 0.03%             | 2026-09-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                          | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 A, RB                                       | CUSIP: 79773NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $238823.54    | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills Development)                                                     | El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills Development), Series 2012, Ref. RB                               | CUSIP: 283113EG9<br>LEI: 254900YWTZGSOPTH2R20 | Long             | DBT              | MUN               | US        |    790000 | PA      | $791220.16    | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Community Facilities District No. 3                                                                                            | San Diego (City of), CA Community Facilities District No. 3, Series 2013, Ref. RB                                                                      | CUSIP: 79727QBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $640796.29    | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                             | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870K21<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    320000 | PA      | $305947.36    | 0.04%             | 2037-09-01      | 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        |    128819 | PA      | $119066.69    | 0.01%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills Development)                                                     | El Dorado (County of), CA (Community Facilities District No. 1992-1 - El Dorado Hills Development), Series 2012, Ref. RB                               | CUSIP: 283113EF1<br>LEI: 254900YWTZGSOPTH2R20 | Long             | DBT              | MUN               | US        |    620000 | PA      | $620745.98    | 0.08%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Turning Point Schools)                                                                              | California (State of) Municipal Finance Authority (Turning Point Schools), Series 2024, Ref. RB                                                        | CUSIP: 13048VS66<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502861.05    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group)                                                        | California (State of) Enterprise Development Authority (Real Journey Academies Obligated Group), Series 2024 A, RB                                     | CUSIP: 13069ABB3<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015306.30   | 0.13%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marina (City of), CA Redevelopment Agency Successor Agency                                                                                             | Marina (City of), CA Redevelopment Agency Successor Agency, Series 2018 B, RB                                                                          | CUSIP: 568061BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258058.68    | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District (Election of 2008)                                                                                                  | Long Beach Unified School District (Election of 2008), Series 2009, GO Bonds                                                                           | CUSIP: 542433SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30115.76     | 0.00%             | 2033-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Perris (City of), CA Joint Powers Authority                                                                                                            | Perris (City of), CA Joint Powers Authority, Series 2014 B, Ref. RB                                                                                    | CUSIP: 714376CE8<br>LEI: 549300YM04SQ63RR8P86 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025412.67   | 0.13%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.)                                                     | Southern California Tobacco Securitization Authority (San Diego County Asset Securitization Corp.), Series 2019, Ref. RB                               | CUSIP: 888804CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1195965.93   | 0.15%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam (Territory of)                                                                                                                                    | Guam (Territory of), Series 2021 F, Ref. RB                                                                                                            | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $990493.06    | 0.12%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo (County of), CA (Paso Robles Courthouse)                                                                                               | San Luis Obispo (County of), CA (Paso Robles Courthouse), Series 2007, COP                                                                             | CUSIP: 798681DV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.85      | 0.00%             | 2026-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority (Clean Energy) (Green Bonds)                                                                           | California Community Choice Financing Authority (Clean Energy) (Green Bonds), Series 2024, RB                                                          | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10420617.00  | 1.29%             | 2032-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles (City of), CA Department of Airports                                                                                                       | Los Angeles (City of), CA Department of Airports, Series 2018 B, Ref. RB                                                                               | CUSIP: 544445FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023196.20   | 0.13%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Works Board (California Community Colleges)                                                                               | California (State of) Public Works Board (California Community Colleges), Series 2004 B, RB                                                            | CUSIP: 130684MP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45060.13     | 0.01%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Blythe (City of), CA Financing Authority (City Hall & County Courthouse)                                                                               | Blythe (City of), CA Financing Authority (City Hall & County Courthouse), Series 1997, RB                                                              | CUSIP: 096438AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40025.75     | 0.00%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRHTA Custodial Trust                                                                                                                                  | PRHTA Custodial Trust, Series 2022 G, RB                                                                                                               | CUSIP: 69378NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     19274 | PA      | $3828.20      | 0.00%             | 2049-12-06      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220766.81    | 0.03%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Green Bonds)                                                                               | California (State of) Community Choice Financing Authority (Green Bonds), Series 2023 C, RB                                                            | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5178599.50   | 0.64%             | 2031-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District (Green Bonds)                                                                                                      | Los Angeles Unified School District (Green Bonds), Series 2024 QRR, GO Bonds                                                                           | CUSIP: 544647JG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5331968.00   | 0.66%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                                                                                       | Inland Valley Development Agency, Series 2014 A, Ref. RB                                                                                               | CUSIP: 45750TAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5036331.50   | 0.62%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                                           | California (State of) Housing Finance Agency, Series 2019 A-2, RB                                                                                      | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   7745831 | PA      | $7695874.90   | 0.95%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority                                                                                          | San Diego (City of), CA Public Facilities Financing Authority, Series 2018 A, RB                                                                       | CUSIP: 79730CJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6255000 | PA      | $6358971.86   | 0.79%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colton (City of), CA Public Financing Authority                                                                                                        | Colton (City of), CA Public Financing Authority, Series 2007 A, RB                                                                                     | CUSIP: 196904GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15006.84     | 0.00%             | 2032-04-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Chino (City of), CA Public Financing Authority                                                                                                         | Chino (City of), CA Public Financing Authority, Series 2015 A, Ref. RB                                                                                 | CUSIP: 169548CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $953906.40    | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Calplant I, LLC                                                                                                                                        | Calplant I, LLC                                                                                                                                        | CUSIP: 13136CAN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $142256.48    | 0.02%             | 2025-07-01      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| El Centro (City of), CA Financing Authority (El Centro California Redevelopment)                                                                       | El Centro (City of), CA Financing Authority (El Centro California Redevelopment), Series 2011, RB                                                      | CUSIP: 282833AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $426221.03    | 0.05%             | 2025-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Natomas Unified School District                                                                                                                        | Natomas Unified School District, Series 2020 A, GO Bonds                                                                                               | CUSIP: 63877NMD6<br>LEI: 5493003NJ3RTOZO25E38 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3667045.20   | 0.45%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing)                                                    | California (State of) Municipal Finance Authority (CHF-Davis I, LLC - West Village Student Housing), Series 2018, RB                                   | CUSIP: 13049YBF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2549454.75   | 0.32%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Nella (County of), CA Water District                                                                                                             | Santa Nella (County of), CA Water District, Series 1998, Ref. RB                                                                                       | CUSIP: 802504CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9457.22      | 0.00%             | 2028-09-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes)                                                                    | Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes), Series 2013, Ref. RB                                              | CUSIP: 901047EA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $472042.95    | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities)                                             | Roseville (City of), CA (Villages at Sierra Vista Community Facilities District No. 1 - Public Facilities), Series 2020, RB                            | CUSIP: 777870J64<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    235000 | PA      | $234005.69    | 0.03%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Clemente (City of), CA                                                                                                                             | San Clemente (City of), CA, Series 2021, Ref. RB                                                                                                       | CUSIP: 797214CQ4<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101014.05    | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                          | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2018 D, RB                                       | CUSIP: 79766DLF4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7921664.00   | 0.98%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA (El Parador Apartments)                                                                                                         | San Jose (City of), CA (El Parador Apartments), Series 2000 A, RB                                                                                      | CUSIP: 798165DM5<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25000.65     | 0.00%             | 2031-01-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Manteca Unified School District (Community Facilities District No. 1989-2)                                                                             | Manteca Unified School District (Community Facilities District No. 1989-2), Series 2013 F, RB                                                          | CUSIP: 564547LP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1286923.52   | 0.16%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes)                                                                    | Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes), Series 2013, Ref. RB                                              | CUSIP: 901047DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $446728.56    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                                                                                  | Regents of the University of California Medical Center Pooled Revenue, Series 2007, RB                                                                 | CUSIP: 913366BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1765000.00   | 0.22%             | 2032-05-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Romoland School District Community Facilities No. 2022-2                                                                                               | Romoland School District Community Facilities No. 2022-2, Series 2024, RB                                                                              | CUSIP: 776192WQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $324179.73    | 0.04%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99507.58     | 0.01%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)                                                   | California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $1959147.66   | 0.24%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR70<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006992.20   | 0.25%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jurupa Community Services District                                                                                                                     | Jurupa Community Services District, Series 2021 A, RB                                                                                                  | CUSIP: 48210CCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $175629.51    | 0.02%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                                                             | City of Los Angeles Department of Airports, Series 2019, RB                                                                                            | CUSIP: 544445NS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3043217.40   | 0.38%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (City of Hope)                                                                             | California (State of) Health Facilities Financing Authority (City of Hope), Series 2012 A, RB                                                          | CUSIP: 13033LM79<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  12280000 | PA      | $12291600.92  | 1.52%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement)                                                                    | San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement), Series 2015 A, RB                                                 | CUSIP: 797299KA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256968.63   | 0.16%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fontana (City of), CA (The Gardens Phase One)                                                                                                          | Fontana (City of), CA (The Gardens Phase One), Series 2024, RB                                                                                         | CUSIP: 344630P69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2227710.06   | 0.28%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                             | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 B, RB                                          | CUSIP: 13033L4N4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999768.50   | 0.62%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grossmont Healthcare District                                                                                                                          | Grossmont Healthcare District, Series 2015 D, Ref. GO Bonds                                                                                            | CUSIP: 399223DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7008369.90   | 0.87%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Educational Facilities Authority (Loma Linda University)                                                                         | California (State of) Educational Facilities Authority (Loma Linda University), Series 2017 A, Ref. RB                                                 | CUSIP: 130179HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $724448.71    | 0.09%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                                                                                                     | Metropolitan Water District of Southern California, Series 2024 B-1, VRD RB                                                                            | CUSIP: 59266TXN6<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2025-06-06      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eisenhower Medical Centers)                                                                         | California (State of) Municipal Finance Authority (Eisenhower Medical Centers), Series 2017 A, Ref. RB                                                 | CUSIP: 13048T4C4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2197122.28   | 0.27%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (Plant Bonds)                                                                              | California (State of) Pollution Control Financing Authority (Plant Bonds), Series 2012, RB                                                             | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9471104.00   | 1.17%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority (Santa Clara)                                                                                          | Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB                                                                       | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $3259844.40   | 0.40%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                         | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2021 C-1, RB                    | CUSIP: 13078YSR7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    910000 | PA      | $874357.03    | 0.11%             | 2026-09-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Palm Springs Unified School District                                                                                                                   | Palm Springs Unified School District, Series 2014, Ref. GO Bonds                                                                                       | CUSIP: 6966672V5<br>LEI: 549300VO66CCEHGE5291 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1094982.92   | 0.14%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA (Orvieto Family Apartments)                                                                                                     | San Jose (City of), CA (Orvieto Family Apartments), Series 2010 B-1, RB                                                                                | CUSIP: 798165KU9<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   6590000 | PA      | $6597066.46   | 0.82%             | 2029-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AES PUERTO RICO Inc.                                                                                                                                   | AES PUERTO RICO Inc.                                                                                                                                   | CUSIP: 00810HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     47978 | PA      | $46538.44     | 0.01%             | 2026-03-04      | Fixed         | 12.50%                | No            |                  3 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 2002, GO Bonds                                                                                                           | CUSIP: 13062N3L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5007.00      | 0.00%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (KIPP LA)                                                                                               | California (State of) School Finance Authority (KIPP LA), Series 2015 A, RB                                                                            | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500189.75    | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South San Francisco (City of), CA Public Facilities Financing Authority                                                                                | South San Francisco (City of), CA Public Facilities Financing Authority, Series 2021 A, RB                                                             | CUSIP: 840035BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $3273285.22   | 0.40%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District (Election of 2008)                                                                                                 | Los Angeles Unified School District (Election of 2008), Series 2016 A, GO Bonds                                                                        | CUSIP: 5446463Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2195000 | PA      | $2198325.86   | 0.27%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (City of Hope)                                                                             | California (State of) Health Facilities Financing Authority (City of Hope), Series 2012 A, RB                                                          | CUSIP: 13033LM87<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4905000 | PA      | $4907199.40   | 0.61%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                  | Puerto Rico Sales Tax Financing Corp., Series 2019 A-2, RB                                                                                             | CUSIP: 74529JRL1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    620000 | PA      | $555834.53    | 0.07%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Palomar Health                                                                                                                                         | Palomar Health, Series 2016, Ref. RB                                                                                                                   | CUSIP: 697528AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1603680.64   | 0.20%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (NorthBay Healthcare Group)                                                                          | California (State of) Municipal Finance Authority (NorthBay Healthcare Group), Series 2017 A, RB                                                       | CUSIP: 13048TN66<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $759552.15    | 0.09%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (United Airlines, Inc.)                                                                              | California (State of) Municipal Finance Authority (United Airlines, Inc.), Series 2019, RB                                                             | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  15455000 | PA      | $15053425.01  | 1.86%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of)                                                                                                                                  | California (State of), Series 1997, GO Bonds                                                                                                           | CUSIP: 13063CAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5044.97      | 0.00%             | 2026-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Sacramento (County of), CA Public Financing Authority                                                                                                  | Sacramento (County of), CA Public Financing Authority, Series 2003 A, RB                                                                               | CUSIP: 786129AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10016.32     | 0.00%             | 2028-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ontario (City of), CA (Countryside Phase 2 South-Facilities)                                                                                           | Ontario (City of), CA (Countryside Phase 2 South-Facilities), Series 2024, RB                                                                          | CUSIP: 68304NFS3<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    230000 | PA      | $246076.36    | 0.03%             | 2031-09-01      | Fixed         | 5.00%                 | 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        |    214890 | PA      | $145655.30    | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA                                                                                                                                 | San Jose (City of), CA, Series 2017 A, Ref. RB                                                                                                         | CUSIP: 798136VR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3775218.21   | 0.47%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hemet Unified School District                                                                                                                          | Hemet Unified School District, Series 2021, Ref. RB                                                                                                    | CUSIP: 423540EV1<br>LEI: 54930041KL801EWMW566 | Long             | DBT              | MUN               | US        |    400000 | PA      | $391661.24    | 0.05%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190622.71    | 0.02%             | 2025-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Providence Health & Services)                                                             | California (State of) Health Facilities Financing Authority (Providence Health & Services), Series 2014 A, RB                                          | CUSIP: 13033L3Z8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500612.40    | 0.06%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Linxs APM)                                                                                          | California (State of) Municipal Finance Authority (Linxs APM), Series 2018, RB                                                                         | CUSIP: 13048VCC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2718328.41   | 0.34%             | 2035-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center)                                               | California (State of) Statewide Communities Development Authority (Loma Linda University Medical Center), Series 2014, RB                              | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001189.20   | 0.37%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Community Medical Centers)                                                                          | California (State of) Municipal Finance Authority (Community Medical Centers), Series 2017 A, Ref. RB                                                  | CUSIP: 13048TR21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026249.40   | 0.25%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252728.03    | 0.03%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sonora Union High School District (Election of 2012)                                                                                                   | Sonora Union High School District (Election of 2012), Series 2013 A, GO Bonds                                                                          | CUSIP: 835648AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $906737.60    | 0.11%             | 2029-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1                                                          | San Francisco (City & County of), CA Infrastructure & Revitalization Financing District No. 1, Series 2022 B, RB                                       | CUSIP: 79773NAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424765.12    | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto (City of), CA Community Facilities District No. 2002-1                                                                                     | San Jacinto (City of), CA Community Facilities District No. 2002-1, Series 2016, Ref. RB                                                               | CUSIP: 797834DC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $944952.25    | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) School Finance Authority (Granada Hills Charter Obligated Group)                                                                 | California (State of) School Finance Authority (Granada Hills Charter Obligated Group), Series 2024, RB                                                | CUSIP: 13059TJB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $317179.49    | 0.04%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development)                                | Riverside (County of), CA Public Financing Authority (Redevelopment Project Area No. 1, Desert Communities Development), Series 2024, Ref. RB          | CUSIP: 76912TPB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098563.10   | 0.14%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Public Finance Authority (Excelsior Charter Schools)                                                                             | California (State of) Public Finance Authority (Excelsior Charter Schools), Series 2020 A, RB                                                          | CUSIP: 13057HAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1010215.40   | 0.12%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond (City of), CA Joint Powers Financing Authority                                                                                                | Richmond (City of), CA Joint Powers Financing Authority, Series 2016, RB                                                                               | CUSIP: 764440HT3<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4081643.87   | 0.50%             | 2029-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority                                                                                                            | Burbank-Glendale-Pasadena Airport Authority, Series 2024 B, RB                                                                                         | CUSIP: 120827EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4376573.08   | 0.54%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                                                               | University of California, Series 2025 BZ, Ref. RB                                                                                                      | CUSIP: 91412HUE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5527849.50   | 0.68%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tustin Unified School District (Community Facilities District No. 97-1)                                                                                | Tustin Unified School District (Community Facilities District No. 97-1), Series 2015 A, Ref. RB                                                        | CUSIP: 901073GL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4164316.76   | 0.51%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                                                                 | California Municipal Finance Authority, Series 2025, RB                                                                                                | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2711125.08   | 0.34%             | 2040-11-01      | Fixed         | 5.12%                 | 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        |    687557 | PA      | $413393.56    | 0.05%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Long Beach (City of), CA Bond Finance Authority                                                                                                        | Long Beach (City of), CA Bond Finance Authority, Series 2007 A, RB                                                                                     | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109846.09    | 0.01%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2013-1)                                                                  | Dixon (City of), CA Improvement Area No. 1 (Community Facilities District No. 2013-1), Series 2019, RB                                                 | CUSIP: 255650DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2658837.32   | 0.33%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program)                                         | California (State of) Statewide Communities Development Authority (Statewide Community Infrastructure Program), Series 2021 C-1, RB                    | CUSIP: 13078YSY2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2016997.69   | 0.25%             | 2051-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 33)                                                                               | Riverside Unified School District (Community Facilities District No. 33), Series 2021, RB                                                              | CUSIP: 769069P66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $304494.75    | 0.04%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Desert (City of), CA                                                                                                                              | Palm Desert (City of), CA, Series 2021 A, Ref. RB                                                                                                      | CUSIP: 696627EL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $317855.95    | 0.04%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mountain House Public Financing Authority (Green Bonds)                                                                                                | Mountain House Public Financing Authority (Green Bonds), Series 2020 A, RB                                                                             | CUSIP: 62412PBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $493215.18    | 0.06%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1)                                                                    | Three Rivers Levee Improvement Authority (Community Facilities District No. 2006-1), Series 2021, Ref. RB                                              | CUSIP: 88563DAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $262306.56    | 0.03%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                  | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |      4000 | PA      | $3663.18      | 0.00%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Imperial (City of), CA Public Financing Authority (Water Facility)                                                                                     | Imperial (City of), CA Public Financing Authority (Water Facility), Series 2012, RB                                                                    | CUSIP: 452671AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1436316.61   | 0.18%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Election of 2016)                                                                                                   | Riverside Unified School District (Election of 2016), Series 2019 B, GO Bonds                                                                          | CUSIP: 769059ZU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3545119.23   | 0.44%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Jose (City of), CA                                                                                                                                 | San Jose (City of), CA, Series 2017 A, Ref. RB                                                                                                         | CUSIP: 798136VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503461.70    | 0.06%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC)         | California (State of) Statewide Communities Development Authority (University of California - Irvine East Campus Apartments - CHF-Irvine, LLC), Series | CUSIP: 13078RGC8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516195.80   | 0.19%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement)                                                                    | San Diego (City of), CA Public Facilities Financing Authority (Capital Improvement), Series 2015 A, RB                                                 | CUSIP: 797299KB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005168.10   | 0.12%             | 2034-10-15      | Fixed         | 5.00%                 | 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        |    184286 | PA      | $189174.00    | 0.02%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Perris Elementary School District (Election of 2014)                                                                                                   | Perris Elementary School District (Election of 2014), Series 2014 A, GO Bonds                                                                          | CUSIP: 714369CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205500.55    | 0.03%             | 2025-07-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rancho Cucamonga (City of), CA (Community Facilities District No. 2003-01 - Improvement Area No. 1)                                                    | Rancho Cucamonga (City of), CA (Community Facilities District No. 2003-01 - Improvement Area No. 1), Series 2013, Ref. RB                              | CUSIP: 752117PF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1821620.88   | 0.23%             | 2028-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California State University                                                                                                                            | California State University, Series 2016 A, Ref. RB                                                                                                    | CUSIP: 13077C3U6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4039386.80   | 0.50%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Housing Finance Agency                                                                                                           | California (State of) Housing Finance Agency, Series 2021-1A, Revenue Ctfs.                                                                            | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5267942 | PA      | $4893657.95   | 0.61%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                                               | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $319728.36    | 0.04%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                                                                                                  | Puerto Rico Sales Tax Financing Corp., Series 2018 A-1, RB                                                                                             | CUSIP: 74529JPU3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   4057000 | PA      | $4030009.59   | 0.50%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Francisco (City & County of), CA Airport Commission (San Francisco International Airport)                                                          | San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2016 B, RB                                       | CUSIP: 79766DGE3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9900466.00   | 1.22%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226014.71    | 0.03%             | 2028-09-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California (State of) Community Choice Financing Authority (Clean Energy)                                                                              | California (State of) Community Choice Financing Authority (Clean Energy), Series 2024, RB                                                             | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5249604.00   | 0.65%             | 2032-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts)                              | California (State of) Statewide Communities Development Authority (NCCD-Hooper Street LLC-California College of the Arts), Series 2019, RB             | CUSIP: 13081CAB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1514277.13   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes)                                                                    | Tustin (City of), CA Community Facilities District (Tustin Legacy/John Laing Homes), Series 2013, Ref. RB                                              | CUSIP: 901047EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $492182.66    | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Health Facilities Financing Authority (Commonspirit Health)                                                                      | California (State of) Health Facilities Financing Authority (Commonspirit Health), Series 2020 A, Ref. RB                                              | CUSIP: 13032UXB9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2325240.00   | 0.29%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Truckee (Town of), CA Donner Public Utility District (Community Facilities District No. 04-1)                                                          | Truckee (Town of), CA Donner Public Utility District (Community Facilities District No. 04-1), Series 2004, RB                                         | CUSIP: 897817BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28854.78     | 0.00%             | 2035-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing)                                          | California (State of) Municipal Finance Authority (CHF-Riverside I, LLC - UCR Dundee-Glasgow Student Housing), Series 2018, RB                         | CUSIP: 13049YCZ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098548.80   | 0.26%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II)                                                  | California (State of) Infrastructure & Economic Development Bank (California Science Center Phase II), Series 2016 A, Ref. RB                          | CUSIP: 13034AQT0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    775000 | PA      | $795371.88    | 0.10%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Unified School District (Community Facilities District No. 32)                                                                               | Riverside Unified School District (Community Facilities District No. 32), Series 2020, RB                                                              | CUSIP: 769069M28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479867.90    | 0.06%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds)                                                                 | California (State of) Pollution Control Financing Authority (CalPlant I) (Green Bonds), Series 2020, RB                                                | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $6.30         | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| California (State of) Municipal Finance Authority (Eskaton Properties, Inc.)                                                                           | California (State of) Municipal Finance Authority (Eskaton Properties, Inc.), Series 2024, Ref. RB                                                     | CUSIP: 13048VZ50<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10424.12     | 0.00%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego (City of), CA (Assessment District No. 4096)                                                                                                 | San Diego (City of), CA (Assessment District No. 4096), Series 2013, Ref. RB                                                                           | CUSIP: 797283TM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $271103.98    | 0.03%             | 2032-09-02      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village)                                                                      | Orange (County of), CA Community Facilities District No. 2016-1 (Esencia Village), Series 2016 A, RB                                                   | CUSIP: 68423PXA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002123.40   | 0.12%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento (City of), CA (2019 Sacramento Tourism Infrastructure District - Convention Center Ballroom)                                                | Sacramento (City of), CA (2019 Sacramento Tourism Infrastructure District - Convention Center Ballroom), Series 2019, RB                               | CUSIP: 785843AS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1723706.34   | 0.21%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vallejo (City of), CA                                                                                                                                  | Vallejo (City of), CA, Series 2003 A, RB                                                                                                               | CUSIP: 91919TAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10052.03     | 0.00%             | 2026-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fresno (City of), CA Joint Powers Financing Authority (Master Lease)                                                                                   | Fresno (City of), CA Joint Powers Financing Authority (Master Lease), Series 2017 A, Ref. RB                                                           | CUSIP: 358184PS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $697357.22    | 0.09%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**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